Can I retire at age 55 with 635,000?

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 $635,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$52,438$51,971$51,515$51,070$50,636$48,608
2 years$25,959$25,476$25,007$24,553$24,112$22,094
3 years$17,134$16,649$16,181$15,731$15,298$13,354
4 years$12,723$12,239$11,776$11,334$10,911$9,055
5 years$10,076$9,595$9,139$8,705$8,294$6,532
6 years$8,313$7,835$7,385$6,962$6,563$4,895
7 years$7,053$6,580$6,137$5,724$5,337$3,763
8 years$6,110$5,640$5,205$4,801$4,428$2,946
9 years$5,376$4,911$4,483$4,090$3,729$2,337
10 years$4,789$4,329$3,908$3,525$3,177$1,872
11 years$4,309$3,854$3,441$3,068$2,732$1,512
12 years$3,910$3,459$3,054$2,691$2,368$1,228
13 years$3,572$3,126$2,728$2,376$2,065$1,002
14 years$3,283$2,841$2,451$2,109$1,810$821
15 years$3,032$2,595$2,213$1,881$1,594$675
16 years$2,813$2,381$2,007$1,684$1,409$556
17 years$2,620$2,193$1,826$1,513$1,249$459
18 years$2,449$2,027$1,667$1,364$1,110$379
19 years$2,296$1,878$1,526$1,232$990$314
20 years$2,158$1,745$1,400$1,116$884$260
21 years$2,034$1,626$1,288$1,013$791$216
22 years$1,921$1,517$1,187$921$709$179
23 years$1,818$1,419$1,096$839$637$149
24 years$1,724$1,330$1,014$765$572$124
25 years$1,637$1,248$939$699$515$103
26 years$1,557$1,173$871$639$464$86
27 years$1,484$1,104$809$585$418$71
28 years$1,415$1,040$752$536$377$59
29 years$1,352$981$700$491$341$49
30 years$1,293$927$652$451$308$41
31 years$1,237$876$607$414$278$34
32 years$1,186$829$567$381$252$29
33 years$1,137$785$529$350$228$24
34 years$1,092$744$494$322$206$20
35 years$1,049$706$462$296$187$16
36 years$1,009$670$432$273$169$14
37 years$970$636$405$251$153$11
38 years$934$605$379$232$139$10
39 years$900$575$355$214$126$8
40 years$868$547$333$197$114$7
41 years$838$521$312$182$104$6
42 years$808$496$293$168$94$5
43 years$781$472$275$155$85$4
44 years$754$450$258$143$78$3
45 years$729$429$242$132$70$3
46 years$705$410$227$122$64$2
47 years$683$391$214$113$58$2
48 years$661$373$201$104$53$2
49 years$640$356$189$96$48$1
50 years$620$340$177$89$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $635,000, adding $3,126 every year, while hoping to spend $42,781 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: 26/46/28 Blend
54$635,000$635,000$635,000$635,000
55$702,994$669,339$659,497$715,062
56$729,181$656,618$636,071$712,496
57$756,605$641,840$610,427$705,886
58$785,347$624,859$582,445$697,916
59$815,496$605,520$552,000$688,501
60$847,146$583,660$518,961$677,552
61$880,401$559,105$483,193$664,976
62$915,373$531,673$444,551$650,675
63$952,186$501,169$402,888$634,548
64$990,972$467,390$358,048$616,489
65$1,031,877$430,118$309,868$596,388
66$1,075,058$389,123$258,179$574,132
67$1,120,689$344,165$202,803$549,602
68$1,168,957$294,987$143,555$522,674
69$1,220,068$241,319$80,241$493,221
70$1,274,247$182,876$12,661$461,112
71$1,331,739$119,355$0$426,211
72$1,392,811$50,439$0$406,141
73$1,457,758$0$0$388,185
74$1,526,900$0$0$380,731
75$1,600,589$0$0$400,056
76$1,679,209$0$0$420,738
77$1,763,183$0$0$442,896
78$1,852,972$0$0$466,660
79$1,949,082$0$0$492,174
80$2,052,069$0$0$519,594
81$2,162,543$0$0$549,094
82$2,281,172$0$0$580,862
83$2,408,690$0$0$615,107
84$2,545,902$0$0$652,057
85$2,693,692$0$0$691,964
86$2,853,033$0$0$735,104
87$3,024,990$0$0$781,779
88$3,210,737$0$0$832,324
89$3,411,563$0$0$887,104
90$3,628,882$0$0$946,524
91$3,864,252$0$0$1,011,025
92$4,119,384$0$0$1,081,097
93$4,396,160$0$0$1,157,274
94$4,696,651$0$0$1,240,148
95$5,023,132$0$0$1,330,367
96$5,378,109$0$0$1,428,646
97$5,764,335$0$0$1,535,770
98$6,184,842$0$0$1,652,605
99$6,642,967$0$0$1,780,104
100$7,142,379$0$0$1,919,313