Can I retire at age 55 with 627,000?

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 $627,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$51,777$51,316$50,866$50,427$49,998$48,908
2 years$25,632$25,155$24,692$24,244$23,809$22,716
3 years$16,918$16,439$15,977$15,533$15,105$14,044
4 years$12,562$12,084$11,628$11,191$10,773$9,752
5 years$9,949$9,474$9,023$8,596$8,190$7,211
6 years$8,208$7,736$7,292$6,874$6,480$5,545
7 years$6,965$6,497$6,060$5,651$5,270$4,379
8 years$6,033$5,569$5,139$4,741$4,372$3,524
9 years$5,308$4,849$4,426$4,038$3,682$2,877
10 years$4,729$4,274$3,859$3,481$3,137$2,374
11 years$4,255$3,805$3,397$3,029$2,698$1,976
12 years$3,860$3,415$3,015$2,657$2,338$1,655
13 years$3,527$3,086$2,694$2,346$2,039$1,395
14 years$3,241$2,805$2,420$2,082$1,787$1,181
15 years$2,994$2,563$2,185$1,857$1,574$1,003
16 years$2,778$2,351$1,981$1,663$1,391$855
17 years$2,587$2,165$1,803$1,494$1,233$730
18 years$2,418$2,001$1,646$1,346$1,096$625
19 years$2,267$1,854$1,507$1,217$977$536
20 years$2,131$1,723$1,383$1,102$873$461
21 years$2,008$1,605$1,272$1,000$781$396
22 years$1,897$1,498$1,172$909$700$341
23 years$1,795$1,401$1,082$828$629$294
24 years$1,702$1,313$1,001$755$565$254
25 years$1,617$1,232$927$690$508$219
26 years$1,538$1,158$860$631$458$189
27 years$1,465$1,090$798$577$413$164
28 years$1,397$1,027$742$529$373$142
29 years$1,335$969$691$485$336$122
30 years$1,276$915$643$445$304$106
31 years$1,222$865$600$409$275$92
32 years$1,171$818$560$376$249$79
33 years$1,123$775$523$346$225$69
34 years$1,078$735$488$318$204$60
35 years$1,036$697$456$293$184$52
36 years$996$661$427$270$167$45
37 years$958$628$400$248$151$39
38 years$923$597$374$229$137$34
39 years$889$568$351$211$125$29
40 years$857$540$329$195$113$25
41 years$827$514$308$180$102$22
42 years$798$490$289$166$93$19
43 years$771$466$271$153$84$16
44 years$745$445$255$141$77$14
45 years$720$424$239$130$70$12
46 years$697$404$225$121$63$11
47 years$674$386$211$111$57$9
48 years$652$368$198$103$52$8
49 years$632$352$186$95$47$7
50 years$612$336$175$88$43$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $627,000, adding $3,764 every year, while hoping to spend $27,029 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: 81/5/14 Blend
54$627,000$627,000$627,000$627,000
55$694,837$661,606$651,887$748,899
56$736,951$665,266$644,967$788,612
57$782,456$668,199$636,908$828,300
58$831,667$670,342$627,646$871,083
59$884,934$671,626$617,109$917,260
60$942,641$671,978$605,225$967,158
61$1,005,207$671,323$591,918$1,021,138
62$1,073,098$669,577$577,107$1,079,599
63$1,146,822$666,655$560,708$1,142,979
64$1,226,941$662,463$542,634$1,211,761
65$1,314,071$656,906$522,794$1,286,476
66$1,408,890$649,879$501,092$1,367,713
67$1,512,146$641,272$477,428$1,456,117
68$1,624,660$630,969$451,696$1,552,399
69$1,747,335$618,846$423,789$1,657,346
70$1,881,168$604,775$393,590$1,771,822
71$2,027,254$588,615$360,982$1,896,781
72$2,186,797$570,220$325,838$2,033,272
73$2,361,126$549,437$288,029$2,182,455
74$2,551,702$526,100$247,419$2,345,605
75$2,760,133$500,037$203,866$2,524,128
76$2,988,192$471,064$157,220$2,719,575
77$3,237,828$438,986$107,327$2,933,655
78$3,511,189$403,599$54,025$3,168,250
79$3,810,640$364,686$0$3,425,437
80$4,138,787$322,017$0$3,707,929
81$4,498,498$275,351$0$4,026,462
82$4,892,933$224,431$0$4,375,763
83$5,325,571$168,986$0$4,758,925
84$5,800,245$108,733$0$5,179,353
85$6,321,177$43,368$0$5,640,801
86$6,893,017$0$0$6,147,401
87$7,520,888$0$0$6,705,219
88$8,210,433$0$0$7,320,465
89$8,967,867$0$0$7,996,304
90$9,800,039$0$0$8,738,846
91$10,714,491$0$0$9,554,825
92$11,719,536$0$0$10,451,660
93$12,824,328$0$0$11,437,523
94$14,038,955$0$0$12,521,417
95$15,374,530$0$0$13,713,262
96$16,843,298$0$0$15,023,987
97$18,458,747$0$0$16,465,633
98$20,235,742$0$0$18,051,467
99$22,190,657$0$0$19,796,106
100$24,341,536$0$0$21,715,654