Can I retire at age 55 with 699,000?

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 $699,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$57,723$57,209$56,707$56,217$55,739$55,088
2 years$28,576$28,043$27,528$27,028$26,542$25,887
3 years$18,861$18,327$17,812$17,317$16,840$16,201
4 years$14,005$13,472$12,963$12,476$12,010$11,392
5 years$11,092$10,562$10,060$9,583$9,130$8,535
6 years$9,151$8,625$8,130$7,663$7,224$6,653
7 years$7,764$7,243$6,756$6,300$5,875$5,327
8 years$6,725$6,209$5,729$5,285$4,874$4,350
9 years$5,917$5,406$4,935$4,502$4,105$3,604
10 years$5,272$4,765$4,302$3,881$3,497$3,020
11 years$4,744$4,242$3,788$3,377$3,008$2,553
12 years$4,304$3,807$3,361$2,962$2,607$2,174
13 years$3,932$3,441$3,003$2,615$2,273$1,862
14 years$3,614$3,128$2,698$2,322$1,992$1,603
15 years$3,338$2,857$2,436$2,070$1,754$1,385
16 years$3,097$2,621$2,209$1,854$1,550$1,201
17 years$2,884$2,414$2,010$1,666$1,375$1,045
18 years$2,696$2,231$1,835$1,501$1,222$911
19 years$2,527$2,067$1,680$1,356$1,090$796
20 years$2,376$1,921$1,542$1,228$973$697
21 years$2,239$1,789$1,418$1,115$871$611
22 years$2,114$1,670$1,307$1,014$781$536
23 years$2,001$1,562$1,207$923$701$471
24 years$1,897$1,464$1,116$842$630$415
25 years$1,802$1,374$1,034$769$567$365
26 years$1,714$1,291$959$703$511$322
27 years$1,633$1,215$890$644$460$284
28 years$1,558$1,145$827$590$415$250
29 years$1,488$1,080$770$541$375$221
30 years$1,423$1,020$717$496$339$195
31 years$1,362$964$669$456$306$173
32 years$1,305$912$624$419$277$153
33 years$1,252$864$583$385$251$135
34 years$1,202$819$544$354$227$119
35 years$1,155$777$509$326$206$106
36 years$1,110$737$476$300$186$94
37 years$1,068$700$446$277$169$83
38 years$1,029$665$417$255$153$73
39 years$991$633$391$235$139$65
40 years$956$602$366$217$126$57
41 years$922$573$344$200$114$51
42 years$890$546$322$185$104$45
43 years$859$520$302$171$94$40
44 years$831$496$284$157$85$35
45 years$803$473$267$145$78$31
46 years$777$451$250$134$70$28
47 years$751$430$235$124$64$25
48 years$727$411$221$115$58$22
49 years$704$392$208$106$53$19
50 years$682$375$195$98$48$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $699,000, adding $5,555 every year, while hoping to spend $35,174 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: 74/6/20 Blend
54$699,000$699,000$699,000$699,000
55$776,028$738,981$728,146$829,367
56$817,758$737,766$715,115$864,300
57$862,566$735,313$700,467$897,758
58$910,727$731,524$684,113$933,518
59$962,548$726,294$665,957$971,801
60$1,018,360$719,515$645,898$1,012,852
61$1,078,530$711,068$623,833$1,056,940
62$1,143,461$700,832$599,653$1,104,365
63$1,213,594$688,673$573,242$1,155,454
64$1,289,417$674,454$544,482$1,210,571
65$1,371,463$658,028$513,247$1,270,116
66$1,460,319$639,238$479,408$1,334,532
67$1,556,631$617,920$442,827$1,404,306
68$1,661,108$593,899$403,363$1,479,978
69$1,774,532$566,991$360,866$1,562,140
70$1,897,761$537,000$315,182$1,651,450
71$2,031,739$503,719$266,147$1,748,632
72$2,177,506$466,931$213,592$1,854,483
73$2,336,204$426,404$157,340$1,969,885
74$2,509,093$381,893$97,207$2,095,811
75$2,697,556$333,141$32,999$2,233,334
76$2,903,117$279,875$0$2,383,637
77$3,127,453$221,808$0$2,555,608
78$3,372,410$158,633$0$2,751,115
79$3,640,021$90,031$0$2,964,745
80$3,932,522$15,662$0$3,198,300
81$4,252,376$0$0$3,453,767
82$4,602,296$0$0$3,737,613
83$4,985,267$0$0$4,049,432
84$5,404,578$0$0$4,390,869
85$5,863,849$0$0$4,764,877
86$6,367,068$0$0$5,174,707
87$6,918,627$0$0$5,623,940
88$7,523,360$0$0$6,116,520
89$8,186,597$0$0$6,656,789
90$8,914,202$0$0$7,249,531
91$9,712,640$0$0$7,900,017
92$10,589,027$0$0$8,614,049
93$11,551,206$0$0$9,398,022
94$12,607,813$0$0$10,258,979
95$13,768,363$0$0$11,204,677
96$15,043,337$0$0$12,243,664
97$16,444,283$0$0$13,385,355
98$17,983,921$0$0$14,640,123
99$19,676,265$0$0$16,019,395
100$21,536,754$0$0$17,535,762