Can I retire at age 55 with 633,000?

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 $633,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$52,273$51,807$51,353$50,909$50,476$49,928
2 years$25,877$25,396$24,928$24,476$24,036$23,485
3 years$17,080$16,596$16,130$15,682$15,250$14,711
4 years$12,683$12,200$11,739$11,298$10,876$10,355
5 years$10,045$9,565$9,110$8,678$8,268$7,766
6 years$8,287$7,811$7,362$6,940$6,542$6,060
7 years$7,031$6,559$6,118$5,706$5,320$4,858
8 years$6,090$5,622$5,188$4,786$4,414$3,971
9 years$5,359$4,895$4,469$4,077$3,717$3,294
10 years$4,774$4,315$3,896$3,514$3,167$2,764
11 years$4,296$3,841$3,430$3,058$2,724$2,339
12 years$3,897$3,448$3,044$2,683$2,360$1,995
13 years$3,561$3,116$2,720$2,368$2,058$1,711
14 years$3,272$2,832$2,444$2,102$1,804$1,474
15 years$3,023$2,587$2,206$1,875$1,589$1,276
16 years$2,804$2,374$2,000$1,679$1,404$1,108
17 years$2,612$2,186$1,820$1,508$1,245$965
18 years$2,441$2,020$1,662$1,359$1,107$843
19 years$2,289$1,872$1,521$1,228$987$737
20 years$2,151$1,740$1,396$1,112$881$646
21 years$2,027$1,621$1,284$1,010$789$567
22 years$1,915$1,513$1,183$918$707$499
23 years$1,812$1,415$1,093$836$635$439
24 years$1,718$1,326$1,011$763$570$387
25 years$1,632$1,244$936$696$513$341
26 years$1,552$1,169$868$637$462$301
27 years$1,479$1,100$806$583$417$266
28 years$1,411$1,037$749$534$376$235
29 years$1,348$978$697$490$340$208
30 years$1,289$924$650$449$307$184
31 years$1,233$873$606$413$277$163
32 years$1,182$826$565$379$251$144
33 years$1,134$782$528$349$227$128
34 years$1,088$742$493$321$206$113
35 years$1,046$703$461$295$186$100
36 years$1,005$668$431$272$169$89
37 years$967$634$403$251$153$79
38 years$932$603$378$231$139$70
39 years$898$573$354$213$126$62
40 years$865$545$332$197$114$55
41 years$835$519$311$181$103$49
42 years$806$494$292$167$94$43
43 years$778$471$274$154$85$38
44 years$752$449$257$143$77$34
45 years$727$428$241$132$70$30
46 years$703$408$227$122$64$27
47 years$680$390$213$112$58$24
48 years$659$372$200$104$53$21
49 years$638$355$188$96$48$19
50 years$618$339$177$89$43$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $633,000, adding $2,628 every year, while hoping to spend $38,155 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: 86/9/5 Blend
54$633,000$633,000$633,000$633,000
55$700,277$666,728$656,916$760,304
56$731,108$658,801$638,326$791,877
57$763,806$649,207$617,835$821,021
58$798,520$637,823$595,338$851,806
59$835,414$624,521$570,727$884,371
60$874,667$609,164$543,887$918,867
61$916,477$591,607$514,701$955,461
62$961,058$571,696$483,044$994,336
63$1,008,646$549,270$448,786$1,035,693
64$1,059,499$524,155$411,792$1,079,754
65$1,113,900$496,171$371,919$1,126,762
66$1,172,160$465,125$329,020$1,176,987
67$1,234,618$430,814$282,940$1,230,723
68$1,301,649$393,023$233,518$1,288,296
69$1,373,661$351,525$180,585$1,350,064
70$1,451,104$306,080$123,964$1,416,422
71$1,534,473$256,434$63,473$1,487,804
72$1,624,308$202,319$0$1,564,690
73$1,721,207$143,452$0$1,647,664
74$1,825,823$79,534$0$1,740,867
75$1,938,875$10,249$0$1,841,561
76$2,061,153$0$0$1,950,464
77$2,193,525$0$0$2,074,777
78$2,336,946$0$0$2,210,572
79$2,492,467$0$0$2,357,829
80$2,661,241$0$0$2,517,643
81$2,844,538$0$0$2,691,217
82$3,043,754$0$0$2,879,873
83$3,260,426$0$0$3,085,068
84$3,496,245$0$0$3,308,403
85$3,753,069$0$0$3,551,642
86$4,032,947$0$0$3,816,723
87$4,338,129$0$0$4,105,780
88$4,671,095$0$0$4,421,164
89$5,034,574$0$0$4,765,460
90$5,431,569$0$0$5,141,514
91$5,865,386$0$0$5,552,460
92$6,339,667$0$0$6,001,747
93$6,858,418$0$0$6,493,174
94$7,426,054$0$0$7,030,923
95$8,047,433$0$0$7,619,599
96$8,727,906$0$0$8,264,273
97$9,473,366$0$0$8,970,529
98$10,290,302$0$0$9,744,517
99$11,185,860$0$0$10,593,010
100$12,167,914$0$0$11,523,468