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%19.7%
1 years$52,107$51,643$51,190$50,748$50,317$48,359
2 years$25,796$25,315$24,850$24,398$23,960$22,011
3 years$17,026$16,544$16,079$15,632$15,201$13,323
4 years$12,642$12,161$11,702$11,262$10,842$9,048
5 years$10,013$9,535$9,081$8,650$8,242$6,537
6 years$8,260$7,786$7,339$6,918$6,521$4,907
7 years$7,009$6,539$6,099$5,687$5,304$3,779
8 years$6,071$5,605$5,172$4,771$4,400$2,964
9 years$5,342$4,880$4,455$4,064$3,705$2,355
10 years$4,759$4,301$3,884$3,503$3,157$1,891
11 years$4,282$3,829$3,419$3,049$2,715$1,530
12 years$3,885$3,437$3,034$2,674$2,353$1,245
13 years$3,549$3,106$2,711$2,361$2,052$1,018
14 years$3,262$2,823$2,436$2,096$1,799$836
15 years$3,013$2,579$2,199$1,869$1,584$688
16 years$2,796$2,366$1,994$1,674$1,400$568
17 years$2,604$2,179$1,814$1,504$1,241$470
18 years$2,434$2,014$1,656$1,355$1,103$390
19 years$2,281$1,866$1,516$1,224$984$323
20 years$2,145$1,734$1,392$1,109$879$269
21 years$2,021$1,615$1,280$1,006$786$223
22 years$1,909$1,508$1,180$915$705$186
23 years$1,806$1,410$1,089$833$633$155
24 years$1,713$1,321$1,007$760$569$129
25 years$1,627$1,240$933$694$512$108
26 years$1,548$1,165$865$635$461$90
27 years$1,474$1,097$804$581$415$75
28 years$1,406$1,034$747$532$375$62
29 years$1,343$975$695$488$339$52
30 years$1,284$921$648$448$306$43
31 years$1,230$870$604$411$277$36
32 years$1,178$824$563$378$250$30
33 years$1,130$780$526$348$226$25
34 years$1,085$739$491$320$205$21
35 years$1,042$701$459$295$186$18
36 years$1,002$666$430$271$168$15
37 years$964$632$402$250$152$12
38 years$929$601$377$230$138$10
39 years$895$571$353$212$125$9
40 years$863$543$331$196$114$7
41 years$832$517$310$181$103$6
42 years$803$493$291$167$94$5
43 years$776$469$273$154$85$4
44 years$750$447$256$142$77$3
45 years$725$427$241$131$70$3
46 years$701$407$226$121$64$2
47 years$678$388$212$112$58$2
48 years$657$371$200$104$52$2
49 years$636$354$188$96$48$1
50 years$616$338$176$88$43$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $631,000, adding $4,007 every year, while hoping to spend $44,898 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: 48/39/13 Blend
54$631,000$631,000$631,000$631,000
55$699,495$666,052$656,272$730,368
56$723,073$650,918$630,486$736,942
57$747,550$633,537$602,331$739,105
58$772,972$613,752$571,681$740,453
59$799,386$591,397$538,403$740,924
60$826,843$566,294$502,359$740,455
61$855,396$538,258$463,404$738,978
62$885,105$507,092$421,386$736,424
63$916,032$472,585$376,149$732,720
64$948,244$434,518$327,526$727,788
65$981,812$392,657$275,346$721,547
66$1,016,816$346,756$219,429$713,915
67$1,053,338$296,554$159,586$704,804
68$1,091,468$241,775$95,622$694,122
69$1,131,304$182,128$27,332$681,775
70$1,172,952$117,307$0$667,664
71$1,216,525$46,987$0$658,005
72$1,262,146$0$0$650,829
73$1,309,949$0$0$654,786
74$1,360,078$0$0$680,102
75$1,412,690$0$0$706,693
76$1,467,957$0$0$734,649
77$1,526,062$0$0$764,066
78$1,587,208$0$0$795,050
79$1,651,614$0$0$827,716
80$1,719,518$0$0$862,188
81$1,791,181$0$0$898,603
82$1,866,886$0$0$937,109
83$1,946,942$0$0$977,868
84$2,031,688$0$0$1,021,057
85$2,121,492$0$0$1,066,871
86$2,216,756$0$0$1,115,520
87$2,317,922$0$0$1,167,235
88$2,425,472$0$0$1,222,271
89$2,539,932$0$0$1,280,903
90$2,661,879$0$0$1,343,436
91$2,791,945$0$0$1,410,201
92$2,930,823$0$0$1,481,563
93$3,079,270$0$0$1,557,921
94$3,238,118$0$0$1,639,712
95$3,408,279$0$0$1,727,417
96$3,590,752$0$0$1,821,562
97$3,786,634$0$0$1,922,725
98$3,997,130$0$0$2,031,541
99$4,223,560$0$0$2,148,706
100$4,467,376$0$0$2,274,985