Can I retire at age 55 with 625,000?

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 $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%18.1%
1 years$51,612$51,152$50,704$50,266$49,838$48,204
2 years$25,550$25,075$24,613$24,166$23,733$22,102
3 years$16,864$16,387$15,927$15,484$15,057$13,481
4 years$12,522$12,046$11,590$11,155$10,739$9,229
5 years$9,918$9,444$8,995$8,568$8,163$6,725
6 years$8,182$7,712$7,269$6,852$6,459$5,092
7 years$6,942$6,476$6,041$5,633$5,253$3,958
8 years$6,013$5,551$5,123$4,726$4,358$3,134
9 years$5,291$4,834$4,412$4,025$3,670$2,515
10 years$4,714$4,261$3,847$3,470$3,127$2,039
11 years$4,241$3,793$3,387$3,020$2,689$1,667
12 years$3,848$3,404$3,006$2,649$2,331$1,371
13 years$3,516$3,076$2,685$2,338$2,032$1,134
14 years$3,231$2,796$2,413$2,076$1,782$941
15 years$2,984$2,555$2,178$1,851$1,569$784
16 years$2,769$2,344$1,975$1,658$1,386$655
17 years$2,579$2,159$1,797$1,489$1,229$548
18 years$2,410$1,995$1,641$1,342$1,093$460
19 years$2,260$1,849$1,502$1,213$974$386
20 years$2,124$1,718$1,378$1,098$870$325
21 years$2,002$1,600$1,268$997$779$273
22 years$1,891$1,494$1,168$906$698$230
23 years$1,789$1,397$1,079$825$627$194
24 years$1,697$1,309$998$753$563$164
25 years$1,611$1,228$924$688$507$138
26 years$1,533$1,154$857$629$456$117
27 years$1,460$1,086$796$575$412$99
28 years$1,393$1,024$740$527$371$84
29 years$1,330$966$689$483$335$71
30 years$1,272$912$641$444$303$60
31 years$1,218$862$598$408$274$51
32 years$1,167$816$558$375$248$43
33 years$1,119$773$521$344$224$36
34 years$1,074$732$487$317$203$31
35 years$1,032$695$455$292$184$26
36 years$993$659$426$269$167$22
37 years$955$626$398$248$151$19
38 years$920$595$373$228$137$16
39 years$886$566$350$210$124$13
40 years$854$538$328$194$113$11
41 years$824$512$307$179$102$10
42 years$796$488$288$165$93$8
43 years$768$465$270$153$84$7
44 years$743$443$254$141$76$6
45 years$718$423$238$130$69$5
46 years$694$403$224$120$63$4
47 years$672$385$210$111$57$4
48 years$650$367$198$103$52$3
49 years$630$351$186$95$47$3
50 years$610$335$175$88$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $625,000, adding $4,503 every year, while hoping to spend $20,936 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: 27/49/24 Blend
54$625,000$625,000$625,000$625,000
55$693,395$660,270$650,582$706,792
56$741,845$670,347$650,101$727,872
57$794,536$680,217$648,902$748,367
58$851,878$689,846$646,939$769,935
59$914,321$699,201$644,164$792,679
60$982,364$708,244$640,525$816,716
61$1,056,553$716,936$635,971$842,175
62$1,137,490$725,234$630,444$869,200
63$1,225,837$733,093$623,887$897,951
64$1,322,324$740,466$616,239$928,604
65$1,427,753$747,301$607,435$961,357
66$1,543,008$753,543$597,408$996,427
67$1,669,062$759,135$586,089$1,034,056
68$1,806,987$764,013$573,403$1,074,514
69$1,957,963$768,112$559,275$1,118,099
70$2,123,287$771,362$543,623$1,165,140
71$2,304,392$773,688$526,364$1,216,005
72$2,502,852$775,010$507,409$1,271,100
73$2,720,402$775,245$486,666$1,330,874
74$2,958,953$774,303$464,040$1,395,827
75$3,220,611$772,088$439,430$1,466,511
76$3,507,692$768,500$412,730$1,543,537
77$3,822,752$763,431$383,831$1,627,584
78$4,168,601$756,768$352,618$1,719,401
79$4,548,339$748,390$318,972$1,819,819
80$4,965,378$738,169$282,766$1,929,757
81$5,423,478$725,971$243,870$2,050,230
82$5,926,781$711,652$202,147$2,182,364
83$6,479,849$695,059$157,455$2,327,403
84$7,087,708$676,032$109,645$2,486,724
85$7,755,898$654,400$58,561$2,661,847
86$8,490,517$629,984$4,041$2,854,455
87$9,298,289$602,592$0$3,066,408
88$10,186,618$572,023$0$3,313,627
89$11,163,664$538,063$0$3,586,524
90$12,238,416$500,486$0$3,886,623
91$13,420,778$459,054$0$4,216,747
92$14,721,663$413,513$0$4,580,013
93$16,153,096$363,599$0$4,979,861
94$17,728,325$309,028$0$5,420,088
95$19,461,946$249,502$0$5,904,883
96$21,370,045$184,708$0$6,438,871
97$23,470,344$114,313$0$7,027,153
98$25,782,371$37,966$0$7,675,359
99$28,327,643$0$0$8,389,699
100$31,129,870$0$0$9,201,132