Can I retire at age 55 with 632,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $632,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$52,190$51,725$51,272$50,829$50,397$49,664
2 years$25,837$25,355$24,889$24,437$23,998$23,262
3 years$17,053$16,570$16,105$15,657$15,226$14,508
4 years$12,663$12,181$11,720$11,280$10,859$10,166
5 years$10,029$9,550$9,095$8,664$8,255$7,588
6 years$8,273$7,798$7,350$6,929$6,532$5,892
7 years$7,020$6,549$6,108$5,697$5,312$4,700
8 years$6,081$5,614$5,180$4,779$4,407$3,822
9 years$5,350$4,888$4,462$4,070$3,711$3,154
10 years$4,766$4,308$3,890$3,509$3,162$2,632
11 years$4,289$3,835$3,425$3,054$2,720$2,215
12 years$3,891$3,442$3,039$2,678$2,357$1,878
13 years$3,555$3,111$2,715$2,365$2,055$1,601
14 years$3,267$2,828$2,440$2,099$1,801$1,372
15 years$3,018$2,583$2,203$1,872$1,586$1,180
16 years$2,800$2,370$1,997$1,676$1,402$1,018
17 years$2,608$2,183$1,817$1,506$1,243$881
18 years$2,437$2,017$1,659$1,357$1,105$764
19 years$2,285$1,869$1,519$1,226$985$665
20 years$2,148$1,737$1,394$1,111$880$579
21 years$2,024$1,618$1,282$1,008$787$505
22 years$1,912$1,510$1,182$917$706$441
23 years$1,809$1,413$1,091$835$634$385
24 years$1,716$1,323$1,009$761$569$337
25 years$1,629$1,242$935$695$512$295
26 years$1,550$1,167$867$636$462$259
27 years$1,477$1,099$805$582$416$227
28 years$1,409$1,035$748$533$376$199
29 years$1,345$977$696$489$339$175
30 years$1,286$922$649$449$306$154
31 years$1,231$872$605$412$277$135
32 years$1,180$825$564$379$251$119
33 years$1,132$781$527$348$227$104
34 years$1,087$740$492$320$205$92
35 years$1,044$702$460$295$186$81
36 years$1,004$667$430$272$168$71
37 years$966$633$403$250$153$62
38 years$930$602$377$231$138$55
39 years$896$572$353$213$126$48
40 years$864$544$331$196$114$43
41 years$834$518$311$181$103$37
42 years$805$493$291$167$94$33
43 years$777$470$273$154$85$29
44 years$751$448$257$142$77$26
45 years$726$427$241$132$70$23
46 years$702$408$226$121$64$20
47 years$679$389$213$112$58$17
48 years$658$371$200$104$52$15
49 years$637$355$188$96$48$14
50 years$617$339$177$89$43$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $632,000, adding $5,402 every year, while hoping to spend $22,412 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: 48/47/5 Blend
54$632,000$632,000$632,000$632,000
55$702,036$668,540$658,744$734,590
56$749,798$677,452$656,966$766,323
57$801,680$686,050$654,377$797,927
58$858,079$694,295$650,926$831,703
59$919,431$702,144$646,561$867,859
60$986,218$709,553$641,225$906,625
61$1,058,966$716,475$634,860$948,252
62$1,138,257$722,859$627,404$993,020
63$1,224,731$728,651$618,794$1,041,239
64$1,319,092$733,793$608,963$1,093,249
65$1,422,116$738,225$597,839$1,149,425
66$1,534,654$741,881$585,349$1,210,184
67$1,657,648$744,692$571,417$1,275,984
68$1,792,130$746,584$555,962$1,347,331
69$1,939,239$747,479$538,899$1,424,786
70$2,100,230$747,293$520,140$1,508,966
71$2,276,482$745,939$499,593$1,600,552
72$2,469,515$743,323$477,162$1,700,298
73$2,681,005$739,344$452,745$1,809,035
74$2,912,793$733,898$426,238$1,927,680
75$3,166,911$726,872$397,531$2,057,248
76$3,445,595$718,148$366,507$2,198,856
77$3,751,309$707,600$333,048$2,353,740
78$4,086,764$695,094$297,026$2,523,261
79$4,454,949$680,489$258,312$2,708,925
80$4,859,157$663,636$216,768$2,912,391
81$5,303,012$644,375$172,252$3,135,493
82$5,790,510$622,540$124,612$3,380,253
83$6,326,050$597,952$73,695$3,648,902
84$6,914,480$570,425$19,336$3,943,905
85$7,561,139$539,758$0$4,267,979
86$8,271,911$505,742$0$4,626,186
87$9,053,278$468,155$0$5,021,008
88$9,912,379$426,762$0$5,455,073
89$10,857,082$381,313$0$5,932,420
90$11,896,054$331,548$0$6,457,505
91$13,038,846$277,188$0$7,035,242
92$14,295,978$217,940$0$7,671,053
93$15,679,043$153,494$0$8,370,916
94$17,200,815$83,525$0$9,141,427
95$18,875,367$7,686$0$9,989,861
96$20,718,204$0$0$10,924,239
97$22,746,414$0$0$11,991,883
98$24,978,823$0$0$13,171,476
99$27,436,174$0$0$14,470,015
100$30,141,324$0$0$15,899,588