Can I retire at age 55 with 633,000?

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 $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%11.9%
1 years$52,273$51,807$51,353$50,909$50,476$50,074
2 years$25,877$25,396$24,928$24,476$24,036$23,631
3 years$17,080$16,596$16,130$15,682$15,250$14,854
4 years$12,683$12,200$11,739$11,298$10,876$10,493
5 years$10,045$9,565$9,110$8,678$8,268$7,898
6 years$8,287$7,811$7,362$6,940$6,542$6,186
7 years$7,031$6,559$6,118$5,706$5,320$4,979
8 years$6,090$5,622$5,188$4,786$4,414$4,086
9 years$5,359$4,895$4,469$4,077$3,717$3,403
10 years$4,774$4,315$3,896$3,514$3,167$2,867
11 years$4,296$3,841$3,430$3,058$2,724$2,438
12 years$3,897$3,448$3,044$2,683$2,360$2,088
13 years$3,561$3,116$2,720$2,368$2,058$1,799
14 years$3,272$2,832$2,444$2,102$1,804$1,557
15 years$3,023$2,587$2,206$1,875$1,589$1,354
16 years$2,804$2,374$2,000$1,679$1,404$1,182
17 years$2,612$2,186$1,820$1,508$1,245$1,034
18 years$2,441$2,020$1,662$1,359$1,107$907
19 years$2,289$1,872$1,521$1,228$987$798
20 years$2,151$1,740$1,396$1,112$881$703
21 years$2,027$1,621$1,284$1,010$789$621
22 years$1,915$1,513$1,183$918$707$548
23 years$1,812$1,415$1,093$836$635$485
24 years$1,718$1,326$1,011$763$570$430
25 years$1,632$1,244$936$696$513$381
26 years$1,552$1,169$868$637$462$339
27 years$1,479$1,100$806$583$417$301
28 years$1,411$1,037$749$534$376$267
29 years$1,348$978$697$490$340$238
30 years$1,289$924$650$449$307$212
31 years$1,233$873$606$413$277$188
32 years$1,182$826$565$379$251$168
33 years$1,134$782$528$349$227$149
34 years$1,088$742$493$321$206$133
35 years$1,046$703$461$295$186$119
36 years$1,005$668$431$272$169$106
37 years$967$634$403$251$153$94
38 years$932$603$378$231$139$84
39 years$898$573$354$213$126$75
40 years$865$545$332$197$114$67
41 years$835$519$311$181$103$60
42 years$806$494$292$167$94$53
43 years$778$471$274$154$85$48
44 years$752$449$257$143$77$43
45 years$727$428$241$132$70$38
46 years$703$408$227$122$64$34
47 years$680$390$213$112$58$30
48 years$659$372$200$104$53$27
49 years$638$355$188$96$48$24
50 years$618$339$177$89$43$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $633,000, adding $4,300 every year, while hoping to spend $54,475 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: 72/17/11 Blend
54$633,000$633,000$633,000$633,000
55$702,001$668,452$658,641$750,700
56$715,645$643,246$622,744$758,281
57$728,854$614,978$583,820$759,451
58$741,527$583,442$541,708$759,256
59$753,550$548,418$496,242$757,547
60$764,795$509,674$447,250$754,162
61$775,121$466,965$394,549$748,924
62$784,368$420,030$337,951$741,639
63$792,359$368,597$277,258$732,095
64$798,897$312,376$212,263$720,062
65$803,761$251,059$142,751$705,284
66$806,708$184,324$68,497$687,486
67$807,466$111,830$0$666,365
68$805,734$33,215$0$642,851
69$801,175$0$0$623,980
70$793,419$0$0$611,049
71$782,054$0$0$601,449
72$766,622$0$0$588,604
73$746,617$0$0$572,112
74$721,479$0$0$551,527
75$690,585$0$0$526,356
76$653,249$0$0$496,052
77$608,710$0$0$460,012
78$556,126$0$0$417,566
79$494,567$0$0$367,976
80$423,002$0$0$310,424
81$340,294$0$0$244,007
82$245,186$0$0$167,725
83$136,288$0$0$80,476
84$12,063$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0