How much do I need to retire at 55?
To retire at 55, plan for 28-30× annual expenses. On $60,000 of annual spending you'd need $1.7-1.8M; on $90,000 you'd need $2.5-2.7M. The 'Rule of 55' lets you withdraw from your current employer's 401(k) penalty-free starting at 55 if you separate from service.
More context
To retire at 55, plan for 28-30× annual expenses. On $60,000 of annual spending you'd need $1.7-1.8M; on $90,000 you'd need $2.5-2.7M. The 'Rule of 55' lets you withdraw from your current employer's 401(k) penalty-free starting at 55 if you separate from service. The exact answer depends on your specific situation — the numbers above are a strong starting point, but the right next step is to plug in your actual figures.
For a deeper analysis, use one of the related tools below — they take your specific income, debt, location, and goals as inputs and produce a tailored answer.