Can I retire at age 55 with 629,000?

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 $629,000?

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 years$51,942$51,480$51,028$50,588$50,157$48,532
2 years$25,714$25,235$24,771$24,321$23,884$22,263
3 years$16,972$16,491$16,028$15,583$15,153$13,585
4 years$12,602$12,123$11,665$11,226$10,807$9,306
5 years$9,981$9,505$9,052$8,623$8,216$6,784
6 years$8,234$7,761$7,316$6,896$6,501$5,140
7 years$6,987$6,518$6,079$5,669$5,287$3,997
8 years$6,052$5,587$5,156$4,756$4,386$3,166
9 years$5,325$4,864$4,441$4,051$3,694$2,543
10 years$4,744$4,288$3,871$3,492$3,147$2,063
11 years$4,269$3,817$3,408$3,039$2,707$1,688
12 years$3,873$3,426$3,025$2,666$2,346$1,389
13 years$3,538$3,096$2,702$2,353$2,045$1,150
14 years$3,252$2,814$2,428$2,089$1,793$955
15 years$3,004$2,571$2,192$1,863$1,579$796
16 years$2,787$2,359$1,988$1,668$1,395$665
17 years$2,596$2,172$1,809$1,499$1,237$557
18 years$2,426$2,007$1,651$1,351$1,100$468
19 years$2,274$1,860$1,511$1,221$980$393
20 years$2,138$1,729$1,387$1,105$876$331
21 years$2,015$1,610$1,276$1,003$784$279
22 years$1,903$1,503$1,176$912$702$235
23 years$1,801$1,406$1,086$831$631$199
24 years$1,707$1,317$1,004$758$567$168
25 years$1,622$1,236$930$692$510$142
26 years$1,543$1,162$863$633$459$120
27 years$1,470$1,093$801$579$414$101
28 years$1,402$1,030$745$531$374$86
29 years$1,339$972$693$487$337$72
30 years$1,280$918$645$447$305$61
31 years$1,226$868$602$410$276$52
32 years$1,174$821$561$377$249$44
33 years$1,126$778$524$347$226$37
34 years$1,081$737$490$319$204$32
35 years$1,039$699$458$294$185$27
36 years$999$663$428$270$168$23
37 years$961$630$401$249$152$19
38 years$926$599$375$230$138$16
39 years$892$569$352$212$125$14
40 years$860$542$330$195$113$12
41 years$830$516$309$180$103$10
42 years$801$491$290$166$93$8
43 years$773$468$272$153$85$7
44 years$747$446$255$142$77$6
45 years$722$425$240$131$70$5
46 years$699$406$225$121$63$4
47 years$676$387$212$112$58$4
48 years$655$370$199$103$52$3
49 years$634$353$187$95$47$3
50 years$614$337$176$88$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $629,000, adding $4,887 every year, while hoping to spend $37,890 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: 61/10/29 Blend
54$629,000$629,000$629,000$629,000
55$698,199$664,862$655,112$735,047
56$729,101$657,126$636,744$752,988
57$761,884$647,740$616,490$768,068
58$796,702$636,585$594,248$783,738
59$833,720$623,532$569,910$800,062
60$873,120$608,445$543,363$817,115
61$915,101$591,182$514,488$834,981
62$959,881$571,590$483,164$853,754
63$1,007,700$549,509$449,260$873,538
64$1,058,818$524,767$412,643$894,452
65$1,113,522$497,186$373,171$916,627
66$1,172,128$466,574$330,699$940,210
67$1,234,979$432,731$285,072$965,368
68$1,302,455$395,443$236,130$992,284
69$1,374,972$354,485$183,706$1,021,164
70$1,452,984$309,621$127,626$1,052,237
71$1,536,993$260,597$67,706$1,085,759
72$1,627,550$207,149$3,757$1,122,015
73$1,725,257$148,996$0$1,161,322
74$1,830,778$85,842$0$1,223,988
75$1,944,844$17,375$0$1,292,988
76$2,068,255$0$0$1,367,663
77$2,201,892$0$0$1,454,811
78$2,346,725$0$0$1,551,372
79$2,503,818$0$0$1,656,149
80$2,674,343$0$0$1,769,930
81$2,859,589$0$0$1,893,580
82$3,060,972$0$0$2,028,050
83$3,280,052$0$0$2,174,388
84$3,518,545$0$0$2,333,745
85$3,778,337$0$0$2,507,391
86$4,061,506$0$0$2,696,720
87$4,370,339$0$0$2,903,268
88$4,707,351$0$0$3,128,725
89$5,075,312$0$0$3,374,953
90$5,477,272$0$0$3,644,000
91$5,916,586$0$0$3,938,121
92$6,396,950$0$0$4,259,799
93$6,922,433$0$0$4,611,768
94$7,497,515$0$0$4,997,038
95$8,127,128$0$0$5,418,924
96$8,816,704$0$0$5,881,076
97$9,572,227$0$0$6,387,514
98$10,400,284$0$0$6,942,666
99$11,308,131$0$0$7,551,408
100$12,303,760$0$0$8,219,110