Can I retire at age 55 with 692,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $692,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$57,145$56,636$56,139$55,654$55,181$53,160
2 years$28,289$27,763$27,252$26,757$26,277$24,263
3 years$18,672$18,143$17,634$17,143$16,671$14,728
4 years$13,865$13,337$12,833$12,351$11,890$10,032
5 years$10,981$10,456$9,959$9,487$9,039$7,271
6 years$9,059$8,539$8,048$7,587$7,152$5,476
7 years$7,687$7,171$6,688$6,237$5,816$4,232
8 years$6,658$6,147$5,672$5,232$4,825$3,331
9 years$5,858$5,352$4,885$4,457$4,064$2,657
10 years$5,219$4,717$4,259$3,842$3,462$2,141
11 years$4,696$4,199$3,750$3,344$2,978$1,739
12 years$4,261$3,769$3,328$2,933$2,580$1,421
13 years$3,893$3,406$2,973$2,589$2,250$1,167
14 years$3,577$3,096$2,671$2,298$1,973$962
15 years$3,304$2,828$2,412$2,050$1,737$796
16 years$3,066$2,595$2,187$1,835$1,535$660
17 years$2,856$2,390$1,990$1,649$1,361$548
18 years$2,669$2,208$1,816$1,486$1,210$456
19 years$2,502$2,047$1,663$1,343$1,079$380
20 years$2,352$1,902$1,526$1,216$963$318
21 years$2,216$1,772$1,404$1,104$862$265
22 years$2,093$1,654$1,294$1,004$773$222
23 years$1,981$1,547$1,195$914$694$186
24 years$1,878$1,449$1,105$834$624$155
25 years$1,784$1,360$1,023$761$561$130
26 years$1,697$1,278$949$696$505$109
27 years$1,617$1,203$881$637$456$91
28 years$1,542$1,133$819$584$411$77
29 years$1,473$1,069$762$535$371$64
30 years$1,409$1,010$710$491$335$54
31 years$1,348$955$662$451$303$45
32 years$1,292$903$618$415$274$38
33 years$1,239$855$577$381$248$32
34 years$1,190$811$539$351$225$27
35 years$1,143$769$504$323$204$22
36 years$1,099$730$471$297$184$19
37 years$1,058$693$441$274$167$16
38 years$1,018$659$413$253$152$13
39 years$981$626$387$233$137$11
40 years$946$596$363$215$125$9
41 years$913$567$340$198$113$8
42 years$881$540$319$183$103$7
43 years$851$515$299$169$93$6
44 years$822$491$281$156$85$5
45 years$795$468$264$144$77$4
46 years$769$446$248$133$70$3
47 years$744$426$233$123$63$3
48 years$720$407$219$114$57$2
49 years$697$388$206$105$52$2
50 years$676$371$193$97$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $692,000, adding $4,643 every year, while hoping to spend $33,952 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 83/9/8 Blend
54$692,000$692,000$692,000$692,000
55$767,373$730,697$719,971$829,959
56$809,521$730,377$707,966$871,240
57$854,829$728,903$694,420$911,527
58$903,585$726,182$679,247$954,719
59$956,104$722,118$662,354$1,001,086
60$1,012,731$716,606$643,647$1,050,928
61$1,073,845$709,536$623,025$1,104,572
62$1,139,864$700,790$600,383$1,162,382
63$1,211,247$690,245$575,613$1,224,754
64$1,288,496$677,769$548,598$1,292,130
65$1,372,167$663,224$519,220$1,364,992
66$1,462,868$646,462$487,354$1,443,873
67$1,561,268$627,327$452,868$1,529,361
68$1,668,105$605,653$415,627$1,622,102
69$1,784,188$581,267$375,487$1,722,809
70$1,910,409$553,982$332,299$1,832,267
71$2,047,748$523,604$285,908$1,951,343
72$2,197,283$489,926$236,151$2,080,990
73$2,360,202$452,728$182,858$2,222,258
74$2,537,810$411,780$125,852$2,376,308
75$2,731,546$366,836$64,947$2,544,414
76$2,942,992$317,639$0$2,727,984
77$3,173,889$263,916$0$2,928,574
78$3,426,155$205,377$0$3,153,805
79$3,701,901$141,719$0$3,400,029
80$4,003,451$72,619$0$3,669,342
81$4,333,364$0$0$3,964,052
82$4,694,457$0$0$4,286,927
83$5,089,832$0$0$4,648,344
84$5,522,907$0$0$5,044,236
85$5,997,444$0$0$5,478,044
86$6,517,586$0$0$5,953,559
87$7,087,898$0$0$6,474,954
88$7,713,405$0$0$7,046,826
89$8,399,644$0$0$7,674,239
90$9,152,713$0$0$8,362,771
91$9,979,328$0$0$9,118,564
92$10,886,889$0$0$9,948,386
93$11,883,546$0$0$10,859,692
94$12,978,276$0$0$11,860,692
95$14,180,972$0$0$12,960,434
96$15,502,528$0$0$14,168,883
97$16,954,948$0$0$15,497,018
98$18,551,457$0$0$16,956,934
99$20,306,623$0$0$18,561,958
100$22,236,499$0$0$20,326,769