Can I retire at age 55 with 625,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $625,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$51,612$51,152$50,704$50,266$49,838$49,462
2 years$25,550$25,075$24,613$24,166$23,733$23,353
3 years$16,864$16,387$15,927$15,484$15,057$14,686
4 years$12,522$12,046$11,590$11,155$10,739$10,380
5 years$9,918$9,444$8,995$8,568$8,163$7,817
6 years$8,182$7,712$7,269$6,852$6,459$6,126
7 years$6,942$6,476$6,041$5,633$5,253$4,933
8 years$6,013$5,551$5,123$4,726$4,358$4,051
9 years$5,291$4,834$4,412$4,025$3,670$3,376
10 years$4,714$4,261$3,847$3,470$3,127$2,846
11 years$4,241$3,793$3,387$3,020$2,689$2,421
12 years$3,848$3,404$3,006$2,649$2,331$2,075
13 years$3,516$3,076$2,685$2,338$2,032$1,789
14 years$3,231$2,796$2,413$2,076$1,782$1,550
15 years$2,984$2,555$2,178$1,851$1,569$1,348
16 years$2,769$2,344$1,975$1,658$1,386$1,177
17 years$2,579$2,159$1,797$1,489$1,229$1,031
18 years$2,410$1,995$1,641$1,342$1,093$905
19 years$2,260$1,849$1,502$1,213$974$797
20 years$2,124$1,718$1,378$1,098$870$703
21 years$2,002$1,600$1,268$997$779$621
22 years$1,891$1,494$1,168$906$698$549
23 years$1,789$1,397$1,079$825$627$486
24 years$1,697$1,309$998$753$563$431
25 years$1,611$1,228$924$688$507$383
26 years$1,533$1,154$857$629$456$340
27 years$1,460$1,086$796$575$412$302
28 years$1,393$1,024$740$527$371$269
29 years$1,330$966$689$483$335$239
30 years$1,272$912$641$444$303$213
31 years$1,218$862$598$408$274$190
32 years$1,167$816$558$375$248$169
33 years$1,119$773$521$344$224$151
34 years$1,074$732$487$317$203$135
35 years$1,032$695$455$292$184$120
36 years$993$659$426$269$167$107
37 years$955$626$398$248$151$96
38 years$920$595$373$228$137$85
39 years$886$566$350$210$124$76
40 years$854$538$328$194$113$68
41 years$824$512$307$179$102$61
42 years$796$488$288$165$93$54
43 years$768$465$270$153$84$49
44 years$743$443$254$141$76$43
45 years$718$423$238$130$69$39
46 years$694$403$224$120$63$35
47 years$672$385$210$111$57$31
48 years$650$367$198$103$52$28
49 years$630$351$186$95$47$25
50 years$610$335$175$88$43$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $625,000, adding $5,957 every year, while hoping to spend $43,600 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: 69/16/15 Blend
54$625,000$625,000$625,000$625,000
55$694,895$661,770$652,082$740,033
56$719,384$647,806$627,537$756,879
57$744,910$631,697$600,708$769,547
58$771,532$613,292$571,473$782,294
59$799,315$592,430$539,704$795,122
60$828,327$568,942$505,267$808,036
61$858,645$542,648$468,022$821,039
62$890,349$513,360$427,822$834,141
63$923,527$480,877$384,516$847,349
64$958,273$444,986$337,944$860,677
65$994,690$405,464$287,939$874,138
66$1,032,890$362,073$234,326$887,752
67$1,072,994$314,564$176,925$901,539
68$1,115,133$262,671$115,546$915,527
69$1,159,450$206,116$49,990$929,746
70$1,206,101$144,602$0$944,234
71$1,255,254$77,818$0$962,229
72$1,307,094$5,435$0$989,331
73$1,361,821$0$0$1,017,625
74$1,419,655$0$0$1,060,050
75$1,480,834$0$0$1,105,958
76$1,545,619$0$0$1,154,588
77$1,614,294$0$0$1,206,156
78$1,687,172$0$0$1,260,900
79$1,764,593$0$0$1,319,076
80$1,846,928$0$0$1,380,968
81$1,934,586$0$0$1,446,883
82$2,028,011$0$0$1,517,162
83$2,127,693$0$0$1,592,174
84$2,234,166$0$0$1,672,325
85$2,348,018$0$0$1,758,061
86$2,469,890$0$0$1,849,870
87$2,600,488$0$0$1,948,286
88$2,740,585$0$0$2,053,897
89$2,891,030$0$0$2,167,347
90$3,052,753$0$0$2,289,344
91$3,226,778$0$0$2,420,664
92$3,414,226$0$0$2,562,159
93$3,616,332$0$0$2,714,767
94$3,834,448$0$0$2,879,515
95$4,070,064$0$0$3,057,534
96$4,324,814$0$0$3,250,068
97$4,600,496$0$0$3,458,480
98$4,899,086$0$0$3,684,274
99$5,222,757$0$0$3,929,098
100$5,573,897$0$0$4,194,769