Can I retire at age 55 with 695,000?

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 $695,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$57,392$56,881$56,382$55,896$55,420$53,475
2 years$28,412$27,883$27,370$26,873$26,391$24,451
3 years$18,753$18,222$17,710$17,218$16,743$14,871
4 years$13,925$13,395$12,889$12,404$11,941$10,150
5 years$11,028$10,502$10,002$9,528$9,078$7,372
6 years$9,098$8,576$8,083$7,619$7,183$5,565
7 years$7,720$7,202$6,717$6,264$5,842$4,310
8 years$6,687$6,173$5,697$5,255$4,846$3,400
9 years$5,884$5,375$4,907$4,476$4,081$2,719
10 years$5,241$4,738$4,278$3,858$3,477$2,196
11 years$4,716$4,218$3,766$3,358$2,991$1,789
12 years$4,279$3,786$3,342$2,945$2,592$1,465
13 years$3,909$3,421$2,986$2,600$2,260$1,207
14 years$3,593$3,110$2,683$2,308$1,981$998
15 years$3,319$2,841$2,422$2,059$1,744$827
16 years$3,079$2,606$2,196$1,843$1,542$688
17 years$2,868$2,400$1,998$1,656$1,367$574
18 years$2,680$2,218$1,824$1,493$1,215$479
19 years$2,513$2,056$1,670$1,349$1,083$400
20 years$2,362$1,910$1,533$1,221$968$335
21 years$2,226$1,779$1,410$1,109$866$281
22 years$2,102$1,661$1,299$1,008$776$236
23 years$1,990$1,553$1,200$918$697$198
24 years$1,887$1,455$1,110$837$626$166
25 years$1,792$1,366$1,028$765$564$140
26 years$1,705$1,284$953$699$508$117
27 years$1,624$1,208$885$640$458$99
28 years$1,549$1,138$823$586$413$83
29 years$1,479$1,074$766$538$373$70
30 years$1,415$1,014$713$493$337$59
31 years$1,354$959$665$453$305$49
32 years$1,298$907$620$416$276$42
33 years$1,245$859$579$383$249$35
34 years$1,195$814$541$352$226$30
35 years$1,148$772$506$324$204$25
36 years$1,104$733$473$299$185$21
37 years$1,062$696$443$275$168$18
38 years$1,023$662$415$254$152$15
39 years$985$629$389$234$138$13
40 years$950$599$364$216$125$11
41 years$917$570$342$199$114$9
42 years$885$543$320$184$103$7
43 years$855$517$301$170$94$6
44 years$826$493$282$157$85$5
45 years$798$470$265$145$77$4
46 years$772$448$249$134$70$4
47 years$747$428$234$123$64$3
48 years$723$408$220$114$58$3
49 years$700$390$207$105$52$2
50 years$679$373$194$97$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $695,000, adding $3,773 every year, while hoping to spend $37,136 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: 46/35/19 Blend
54$695,000$695,000$695,000$695,000
55$769,782$732,947$722,174$800,855
56$808,787$729,349$706,855$819,355
57$850,526$724,330$689,777$835,405
58$895,239$717,781$670,844$852,039
59$943,188$709,587$649,952$869,328
60$994,662$699,626$626,994$887,352
61$1,049,978$687,767$601,858$906,202
62$1,109,482$673,874$574,427$925,981
63$1,173,556$657,801$544,577$946,805
64$1,242,620$639,394$512,181$968,804
65$1,317,132$618,490$477,105$992,125
66$1,397,600$594,916$439,208$1,016,935
67$1,484,578$568,490$398,345$1,043,419
68$1,578,678$539,018$354,362$1,071,786
69$1,680,569$506,297$307,099$1,102,270
70$1,790,991$470,109$256,391$1,135,132
71$1,910,755$430,227$202,062$1,170,667
72$2,040,752$386,409$143,932$1,209,202
73$2,181,965$338,399$81,810$1,251,105
74$2,335,473$285,928$15,498$1,296,783
75$2,502,463$228,711$0$1,346,695
76$2,684,243$166,446$0$1,412,555
77$2,882,250$98,816$0$1,487,807
78$3,098,067$25,485$0$1,569,985
79$3,333,434$0$0$1,659,840
80$3,590,269$0$0$1,778,967
81$3,870,681$0$0$1,919,822
82$4,176,993$0$0$2,073,764
83$4,511,760$0$0$2,242,090
84$4,877,798$0$0$2,426,225
85$5,278,206$0$0$2,627,737
86$5,716,397$0$0$2,848,356
87$6,196,126$0$0$3,089,984
88$6,721,533$0$0$3,354,718
89$7,297,174$0$0$3,644,866
90$7,928,066$0$0$3,962,970
91$8,619,737$0$0$4,311,831
92$9,378,273$0$0$4,694,530
93$10,210,378$0$0$5,114,467
94$11,123,436$0$0$5,575,381
95$12,125,583$0$0$6,081,395
96$13,225,776$0$0$6,637,047
97$14,433,885$0$0$7,247,340
98$15,760,782$0$0$7,917,782
99$17,218,444$0$0$8,654,443
100$18,820,065$0$0$9,464,007