Can I retire at age 55 with 631,000?

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 $631,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$52,107$51,643$51,190$50,748$50,317$50,084
2 years$25,796$25,315$24,850$24,398$23,960$23,725
3 years$17,026$16,544$16,079$15,632$15,201$14,971
4 years$12,642$12,161$11,702$11,262$10,842$10,618
5 years$10,013$9,535$9,081$8,650$8,242$8,026
6 years$8,260$7,786$7,339$6,918$6,521$6,313
7 years$7,009$6,539$6,099$5,687$5,304$5,104
8 years$6,071$5,605$5,172$4,771$4,400$4,208
9 years$5,342$4,880$4,455$4,064$3,705$3,521
10 years$4,759$4,301$3,884$3,503$3,157$2,981
11 years$4,282$3,829$3,419$3,049$2,715$2,546
12 years$3,885$3,437$3,034$2,674$2,353$2,192
13 years$3,549$3,106$2,711$2,361$2,052$1,898
14 years$3,262$2,823$2,436$2,096$1,799$1,652
15 years$3,013$2,579$2,199$1,869$1,584$1,444
16 years$2,796$2,366$1,994$1,674$1,400$1,267
17 years$2,604$2,179$1,814$1,504$1,241$1,115
18 years$2,434$2,014$1,656$1,355$1,103$984
19 years$2,281$1,866$1,516$1,224$984$870
20 years$2,145$1,734$1,392$1,109$879$771
21 years$2,021$1,615$1,280$1,006$786$685
22 years$1,909$1,508$1,180$915$705$609
23 years$1,806$1,410$1,089$833$633$542
24 years$1,713$1,321$1,007$760$569$483
25 years$1,627$1,240$933$694$512$431
26 years$1,548$1,165$865$635$461$385
27 years$1,474$1,097$804$581$415$344
28 years$1,406$1,034$747$532$375$308
29 years$1,343$975$695$488$339$276
30 years$1,284$921$648$448$306$247
31 years$1,230$870$604$411$277$221
32 years$1,178$824$563$378$250$198
33 years$1,130$780$526$348$226$178
34 years$1,085$739$491$320$205$160
35 years$1,042$701$459$295$186$143
36 years$1,002$666$430$271$168$129
37 years$964$632$402$250$152$115
38 years$929$601$377$230$138$104
39 years$895$571$353$212$125$93
40 years$863$543$331$196$114$84
41 years$832$517$310$181$103$75
42 years$803$493$291$167$94$68
43 years$776$469$273$154$85$61
44 years$750$447$256$142$77$55
45 years$725$427$241$131$70$49
46 years$701$407$226$121$64$44
47 years$678$388$212$112$58$40
48 years$657$371$200$104$52$36
49 years$636$354$188$96$48$32
50 years$616$338$176$88$43$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $631,000, adding $4,895 every year, while hoping to spend $38,863 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: 38/36/26 Blend
54$631,000$631,000$631,000$631,000
55$700,411$666,968$657,188$721,442
56$730,503$658,300$637,854$728,596
57$762,362$647,904$616,569$732,377
58$796,127$635,655$593,228$735,706
59$831,950$621,420$567,720$738,567
60$869,998$605,059$539,927$740,946
61$910,451$586,421$509,728$742,829
62$953,510$565,348$476,997$744,207
63$999,393$541,674$441,601$745,071
64$1,048,336$515,222$403,400$745,418
65$1,100,603$485,804$362,250$745,247
66$1,156,479$453,223$318,000$744,564
67$1,216,278$417,270$270,492$743,377
68$1,280,345$377,722$219,560$741,704
69$1,349,057$334,347$165,031$739,569
70$1,422,828$286,897$106,727$737,002
71$1,502,113$235,112$44,459$734,046
72$1,587,411$178,715$0$730,753
73$1,679,270$117,415$0$733,288
74$1,778,291$50,904$0$749,188
75$1,885,137$0$0$766,260
76$2,000,533$0$0$793,053
77$2,125,277$0$0$843,883
78$2,260,247$0$0$898,951
79$2,406,406$0$0$958,659
80$2,564,816$0$0$1,023,449
81$2,736,642$0$0$1,093,809
82$2,923,166$0$0$1,170,274
83$3,125,798$0$0$1,253,433
84$3,346,089$0$0$1,343,933
85$3,585,746$0$0$1,442,487
86$3,846,646$0$0$1,549,881
87$4,130,856$0$0$1,666,977
88$4,440,648$0$0$1,794,725
89$4,778,525$0$0$1,934,172
90$5,147,240$0$0$2,086,469
91$5,549,826$0$0$2,252,882
92$5,989,618$0$0$2,434,808
93$6,470,292$0$0$2,633,783
94$6,995,891$0$0$2,851,497
95$7,570,868$0$0$3,089,815
96$8,200,127$0$0$3,350,785
97$8,889,066$0$0$3,636,668
98$9,643,632$0$0$3,949,950
99$10,470,372$0$0$4,293,371
100$11,376,497$0$0$4,669,947