Can I retire at age 55 with 628,000?

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 $628,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$51,860$51,398$50,947$50,507$50,078$49,513
2 years$25,673$25,195$24,732$24,282$23,846$23,279
3 years$16,945$16,465$16,003$15,558$15,129$14,575
4 years$12,582$12,104$11,646$11,209$10,790$10,254
5 years$9,965$9,489$9,038$8,609$8,203$7,686
6 years$8,221$7,749$7,304$6,885$6,490$5,994
7 years$6,976$6,507$6,070$5,660$5,278$4,803
8 years$6,042$5,578$5,147$4,748$4,379$3,924
9 years$5,316$4,857$4,434$4,045$3,688$3,253
10 years$4,736$4,281$3,865$3,486$3,142$2,727
11 years$4,262$3,811$3,403$3,034$2,702$2,307
12 years$3,867$3,421$3,020$2,661$2,342$1,966
13 years$3,533$3,091$2,698$2,350$2,042$1,685
14 years$3,247$2,810$2,424$2,086$1,790$1,451
15 years$2,999$2,567$2,189$1,860$1,576$1,255
16 years$2,782$2,355$1,984$1,666$1,393$1,089
17 years$2,591$2,169$1,806$1,496$1,235$948
18 years$2,422$2,004$1,648$1,349$1,098$827
19 years$2,271$1,857$1,509$1,219$979$723
20 years$2,134$1,726$1,385$1,104$874$633
21 years$2,011$1,608$1,274$1,002$782$556
22 years$1,900$1,501$1,174$911$701$488
23 years$1,798$1,404$1,084$829$630$430
24 years$1,705$1,315$1,003$756$566$378
25 years$1,619$1,234$929$691$509$333
26 years$1,540$1,160$861$632$459$294
27 years$1,467$1,092$800$578$414$260
28 years$1,400$1,029$743$530$373$229
29 years$1,337$970$692$486$337$203
30 years$1,278$916$644$446$304$179
31 years$1,224$866$601$409$275$158
32 years$1,173$820$561$376$249$140
33 years$1,125$776$523$346$225$124
34 years$1,080$736$489$318$204$110
35 years$1,037$698$457$293$185$97
36 years$997$662$428$270$167$86
37 years$960$629$400$249$152$76
38 years$924$598$375$229$138$68
39 years$890$569$351$211$125$60
40 years$859$541$329$195$113$53
41 years$828$515$309$180$103$47
42 years$800$490$290$166$93$42
43 years$772$467$272$153$85$37
44 years$746$445$255$141$77$33
45 years$721$425$239$131$70$29
46 years$698$405$225$121$63$26
47 years$675$387$211$112$57$23
48 years$654$369$199$103$52$20
49 years$633$352$187$95$47$18
50 years$613$337$175$88$43$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $628,000, adding $4,560 every year, while hoping to spend $24,049 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: 22/48/30 Blend
54$628,000$628,000$628,000$628,000
55$696,760$663,476$653,742$705,425
56$742,241$670,398$650,054$720,490
57$791,556$676,854$645,437$734,310
58$845,069$682,794$639,834$748,584
59$903,183$688,168$633,185$763,366
60$966,340$692,921$625,429$778,716
61$1,035,027$696,994$616,501$794,702
62$1,109,778$700,325$606,332$811,402
63$1,191,184$702,849$594,852$828,904
64$1,279,891$704,495$581,986$847,306
65$1,376,613$705,188$567,656$866,719
66$1,482,135$704,850$551,781$887,269
67$1,597,322$703,397$534,274$909,097
68$1,723,124$700,738$515,047$932,360
69$1,860,588$696,780$494,007$957,235
70$2,010,867$691,422$471,055$983,922
71$2,175,231$684,556$446,091$1,012,643
72$2,355,076$676,071$419,006$1,043,647
73$2,551,941$665,846$389,691$1,077,211
74$2,767,521$653,755$358,028$1,113,647
75$3,003,682$639,662$323,895$1,153,302
76$3,262,478$623,426$287,166$1,196,563
77$3,546,172$604,896$247,708$1,243,862
78$3,857,258$583,911$205,382$1,295,679
79$4,198,479$560,304$160,043$1,352,550
80$4,572,860$533,895$111,541$1,415,071
81$4,983,731$504,495$59,717$1,483,906
82$5,434,761$471,905$4,407$1,559,793
83$5,929,991$435,912$0$1,643,552
84$6,473,872$396,294$0$1,753,577
85$7,071,308$352,814$0$1,876,038
86$7,727,701$305,221$0$2,010,707
87$8,449,002$253,253$0$2,158,893
88$9,241,768$196,630$0$2,322,045
89$10,113,222$135,059$0$2,501,765
90$11,071,321$68,227$0$2,699,826
91$12,124,833$0$0$2,918,186
92$13,283,416$0$0$3,161,228
93$14,557,713$0$0$3,468,304
94$15,959,449$0$0$3,806,217
95$17,501,543$0$0$4,178,098
96$19,198,228$0$0$4,587,396
97$21,065,189$0$0$5,037,910
98$23,119,705$0$0$5,533,830
99$25,380,816$0$0$6,079,767
100$27,869,502$0$0$6,680,807