Can I retire at age 55 with 634,000?

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 $634,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$52,355$51,889$51,434$50,990$50,556$48,685
2 years$25,918$25,436$24,968$24,514$24,074$22,210
3 years$17,107$16,622$16,156$15,707$15,274$13,475
4 years$12,703$12,219$11,757$11,316$10,893$9,175
5 years$10,060$9,580$9,124$8,692$8,281$6,646
6 years$8,300$7,823$7,374$6,951$6,552$5,003
7 years$7,042$6,570$6,128$5,715$5,329$3,864
8 years$6,100$5,631$5,197$4,794$4,421$3,039
9 years$5,367$4,903$4,476$4,083$3,723$2,423
10 years$4,781$4,322$3,902$3,520$3,172$1,951
11 years$4,302$3,848$3,435$3,063$2,728$1,584
12 years$3,904$3,453$3,049$2,687$2,364$1,293
13 years$3,566$3,121$2,724$2,372$2,062$1,061
14 years$3,278$2,837$2,447$2,106$1,807$874
15 years$3,027$2,591$2,210$1,878$1,591$723
16 years$2,809$2,378$2,003$1,681$1,406$599
17 years$2,616$2,190$1,823$1,511$1,247$497
18 years$2,445$2,023$1,664$1,362$1,109$414
19 years$2,292$1,875$1,524$1,230$988$344
20 years$2,155$1,743$1,398$1,114$883$287
21 years$2,031$1,623$1,286$1,011$790$240
22 years$1,918$1,515$1,185$919$708$200
23 years$1,815$1,417$1,094$837$636$168
24 years$1,721$1,328$1,012$764$571$140
25 years$1,635$1,246$937$697$514$117
26 years$1,555$1,171$869$638$463$98
27 years$1,481$1,102$807$584$417$82
28 years$1,413$1,038$751$535$377$69
29 years$1,350$980$698$490$340$58
30 years$1,291$925$651$450$307$48
31 years$1,235$875$607$413$278$41
32 years$1,184$828$566$380$251$34
33 years$1,135$784$528$349$227$29
34 years$1,090$743$494$321$206$24
35 years$1,047$705$462$296$187$20
36 years$1,007$669$432$273$169$17
37 years$969$635$404$251$153$14
38 years$933$604$378$231$139$12
39 years$899$574$355$213$126$10
40 years$867$546$332$197$114$8
41 years$836$520$312$182$104$7
42 years$807$495$292$168$94$6
43 years$780$472$274$155$85$5
44 years$753$450$257$143$77$4
45 years$728$429$242$132$70$3
46 years$704$409$227$122$64$3
47 years$682$390$213$113$58$2
48 years$660$373$200$104$53$2
49 years$639$356$188$96$48$2
50 years$619$340$177$89$43$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $634,000, adding $6,496 every year, while hoping to spend $31,832 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: 45/43/12 Blend
54$634,000$634,000$634,000$634,000
55$705,369$671,767$661,940$734,424
56$743,447$670,814$650,246$754,307
57$784,343$668,748$637,093$772,100
58$828,310$665,481$622,399$790,685
59$875,626$660,918$606,078$810,147
60$926,597$654,960$588,039$830,583
61$981,560$647,503$568,188$852,099
62$1,040,883$638,435$546,427$874,816
63$1,104,972$627,637$522,651$898,870
64$1,174,272$614,984$496,753$924,411
65$1,249,274$600,345$468,620$951,609
66$1,330,516$583,577$438,135$980,653
67$1,418,589$564,533$405,173$1,011,754
68$1,514,146$543,056$369,607$1,045,148
69$1,617,901$518,978$331,301$1,081,099
70$1,730,642$492,123$290,115$1,119,899
71$1,853,236$462,306$245,903$1,161,878
72$1,986,636$429,329$198,510$1,207,399
73$2,131,891$392,984$147,778$1,256,869
74$2,290,154$353,050$93,538$1,310,740
75$2,462,695$309,295$35,617$1,369,515
76$2,650,912$261,472$0$1,433,755
77$2,856,344$209,323$0$1,507,435
78$3,080,683$152,572$0$1,592,978
79$3,325,794$90,929$0$1,686,611
80$3,593,729$24,089$0$1,789,215
81$3,886,748$0$0$1,901,764
82$4,207,338$0$0$2,048,179
83$4,558,239$0$0$2,220,986
84$4,942,466$0$0$2,410,282
85$5,363,343$0$0$2,617,713
86$5,824,526$0$0$2,845,092
87$6,330,046$0$0$3,094,415
88$6,884,337$0$0$3,367,882
89$7,492,288$0$0$3,667,914
90$8,159,282$0$0$3,997,179
91$8,891,246$0$0$4,358,616
92$9,694,711$0$0$4,755,462
93$10,576,872$0$0$5,191,283
94$11,545,652$0$0$5,670,007
95$12,609,781$0$0$6,195,961
96$13,778,874$0$0$6,773,912
97$15,063,527$0$0$7,409,111
98$16,475,409$0$0$8,107,345
99$18,027,378$0$0$8,874,988
100$19,733,599$0$0$9,719,063