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%12.5%
1 years$52,438$51,971$51,515$51,070$50,636$50,107
2 years$25,959$25,476$25,007$24,553$24,112$23,580
3 years$17,134$16,649$16,181$15,731$15,298$14,778
4 years$12,723$12,239$11,776$11,334$10,911$10,408
5 years$10,076$9,595$9,139$8,705$8,294$7,809
6 years$8,313$7,835$7,385$6,962$6,563$6,097
7 years$7,053$6,580$6,137$5,724$5,337$4,891
8 years$6,110$5,640$5,205$4,801$4,428$4,000
9 years$5,376$4,911$4,483$4,090$3,729$3,320
10 years$4,789$4,329$3,908$3,525$3,177$2,787
11 years$4,309$3,854$3,441$3,068$2,732$2,361
12 years$3,910$3,459$3,054$2,691$2,368$2,014
13 years$3,572$3,126$2,728$2,376$2,065$1,728
14 years$3,283$2,841$2,451$2,109$1,810$1,491
15 years$3,032$2,595$2,213$1,881$1,594$1,291
16 years$2,813$2,381$2,007$1,684$1,409$1,122
17 years$2,620$2,193$1,826$1,513$1,249$978
18 years$2,449$2,027$1,667$1,364$1,110$854
19 years$2,296$1,878$1,526$1,232$990$748
20 years$2,158$1,745$1,400$1,116$884$656
21 years$2,034$1,626$1,288$1,013$791$577
22 years$1,921$1,517$1,187$921$709$507
23 years$1,818$1,419$1,096$839$637$447
24 years$1,724$1,330$1,014$765$572$394
25 years$1,637$1,248$939$699$515$348
26 years$1,557$1,173$871$639$464$307
27 years$1,484$1,104$809$585$418$272
28 years$1,415$1,040$752$536$377$240
29 years$1,352$981$700$491$341$213
30 years$1,293$927$652$451$308$188
31 years$1,237$876$607$414$278$167
32 years$1,186$829$567$381$252$148
33 years$1,137$785$529$350$228$131
34 years$1,092$744$494$322$206$116
35 years$1,049$706$462$296$187$103
36 years$1,009$670$432$273$169$92
37 years$970$636$405$251$153$81
38 years$934$605$379$232$139$72
39 years$900$575$355$214$126$64
40 years$868$547$333$197$114$57
41 years$838$521$312$182$104$50
42 years$808$496$293$168$94$45
43 years$781$472$275$155$85$40
44 years$754$450$258$143$78$35
45 years$729$429$242$132$70$31
46 years$705$410$227$122$64$28
47 years$683$391$214$113$58$25
48 years$661$373$201$104$53$22
49 years$640$356$189$96$48$20
50 years$620$340$177$89$44$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $635,000, adding $2,932 every year, while hoping to spend $46,769 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: 41/34/25 Blend
54$635,000$635,000$635,000$635,000
55$702,794$669,139$659,297$726,335
56$724,718$652,165$631,621$726,565
57$747,309$632,792$601,451$722,173
58$770,589$610,853$568,654$716,500
59$794,575$586,170$533,090$709,457
60$819,287$558,558$494,614$700,948
61$844,745$527,819$453,074$690,873
62$870,970$493,743$408,313$679,125
63$897,982$456,109$360,164$665,593
64$925,801$414,683$308,455$650,157
65$954,448$369,218$253,004$632,692
66$983,946$319,454$193,624$613,067
67$1,014,315$265,114$130,116$591,142
68$1,045,577$205,906$62,277$566,769
69$1,077,753$141,523$0$539,793
70$1,110,865$71,639$0$512,750
71$1,144,935$0$0$500,671
72$1,179,984$0$0$488,335
73$1,216,034$0$0$503,212
74$1,253,105$0$0$518,505
75$1,291,217$0$0$534,224
76$1,330,392$0$0$550,375
77$1,370,647$0$0$566,965
78$1,412,002$0$0$584,002
79$1,454,475$0$0$601,492
80$1,498,080$0$0$619,440
81$1,542,834$0$0$637,852
82$1,588,748$0$0$656,731
83$1,635,836$0$0$676,082
84$1,684,104$0$0$695,905
85$1,733,561$0$0$716,203
86$1,784,209$0$0$736,975
87$1,836,049$0$0$758,218
88$1,889,077$0$0$779,930
89$1,943,284$0$0$802,104
90$1,998,659$0$0$824,732
91$2,055,183$0$0$847,804
92$2,112,831$0$0$871,306
93$2,171,571$0$0$895,222
94$2,231,365$0$0$919,531
95$2,292,164$0$0$944,209
96$2,353,910$0$0$969,227
97$2,416,535$0$0$994,551
98$2,479,957$0$0$1,020,142
99$2,544,081$0$0$1,045,953
100$2,608,798$0$0$1,071,933