Can I retire at age 55 with 636,000?

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 $636,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$52,520$52,052$51,596$51,151$50,716$50,082
2 years$26,000$25,516$25,047$24,592$24,150$23,513
3 years$17,161$16,675$16,207$15,756$15,322$14,700
4 years$12,743$12,258$11,794$11,351$10,928$10,327
5 years$10,092$9,610$9,153$8,719$8,307$7,728
6 years$8,326$7,848$7,397$6,973$6,573$6,017
7 years$7,065$6,590$6,147$5,733$5,346$4,813
8 years$6,119$5,649$5,213$4,809$4,435$3,926
9 years$5,384$4,919$4,490$4,096$3,735$3,249
10 years$4,796$4,335$3,914$3,531$3,182$2,719
11 years$4,316$3,860$3,446$3,073$2,737$2,296
12 years$3,916$3,464$3,058$2,695$2,372$1,952
13 years$3,578$3,131$2,733$2,380$2,068$1,670
14 years$3,288$2,846$2,455$2,112$1,813$1,436
15 years$3,037$2,600$2,217$1,884$1,596$1,239
16 years$2,818$2,385$2,010$1,687$1,411$1,073
17 years$2,624$2,197$1,829$1,516$1,251$932
18 years$2,453$2,030$1,669$1,366$1,112$811
19 years$2,299$1,881$1,528$1,234$991$708
20 years$2,162$1,748$1,403$1,118$885$619
21 years$2,037$1,628$1,290$1,014$792$542
22 years$1,924$1,520$1,189$922$710$475
23 years$1,821$1,422$1,098$840$638$417
24 years$1,726$1,332$1,015$766$573$366
25 years$1,640$1,250$940$700$516$322
26 years$1,560$1,175$872$640$465$283
27 years$1,486$1,106$810$586$419$249
28 years$1,418$1,042$753$537$378$220
29 years$1,354$983$701$492$341$194
30 years$1,295$928$653$452$308$171
31 years$1,239$877$608$415$279$151
32 years$1,188$830$568$381$252$133
33 years$1,139$786$530$350$228$117
34 years$1,093$745$495$322$207$104
35 years$1,051$707$463$297$187$92
36 years$1,010$671$433$273$170$81
37 years$972$637$405$252$154$72
38 years$936$605$380$232$139$63
39 years$902$576$356$214$126$56
40 years$870$548$333$197$115$49
41 years$839$521$313$182$104$44
42 years$810$497$293$168$94$39
43 years$782$473$275$155$86$34
44 years$756$451$258$143$78$30
45 years$731$430$243$132$71$27
46 years$707$410$228$122$64$24
47 years$684$392$214$113$58$21
48 years$662$374$201$104$53$18
49 years$641$357$189$96$48$16
50 years$621$341$178$89$44$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $636,000, adding $6,455 every year, while hoping to spend $35,550 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: 64/18/18 Blend
54$636,000$636,000$636,000$636,000
55$707,530$673,822$663,964$749,222
56$741,874$669,015$648,382$773,201
57$778,528$662,780$631,087$794,754
58$817,693$655,011$611,983$817,453
59$859,584$645,593$590,971$841,413
60$904,441$634,406$567,948$866,759
61$952,524$621,323$542,804$893,632
62$1,004,121$606,206$515,427$922,186
63$1,059,545$588,914$485,698$952,595
64$1,119,142$569,295$453,492$985,050
65$1,183,291$547,186$418,680$1,019,765
66$1,252,408$522,420$381,127$1,056,975
67$1,326,950$494,815$340,692$1,096,944
68$1,407,419$464,182$297,226$1,139,962
69$1,494,368$430,318$250,575$1,186,351
70$1,588,402$393,013$200,578$1,236,469
71$1,690,189$352,040$147,067$1,290,714
72$1,800,460$307,162$89,865$1,349,523
73$1,920,022$258,128$28,791$1,413,384
74$2,049,761$204,673$0$1,482,837
75$2,190,651$146,516$0$1,565,467
76$2,343,764$83,362$0$1,661,302
77$2,510,279$14,898$0$1,765,580
78$2,691,493$0$0$1,879,152
79$2,888,833$0$0$2,014,687
80$3,103,871$0$0$2,165,632
81$3,338,335$0$0$2,330,255
82$3,594,127$0$0$2,509,897
83$3,873,340$0$0$2,706,035
84$4,178,281$0$0$2,920,292
85$4,511,487$0$0$3,154,459
86$4,875,750$0$0$3,410,503
87$5,274,148$0$0$3,690,595
88$5,710,065$0$0$3,997,120
89$6,187,232$0$0$4,332,709
90$6,709,754$0$0$4,700,256
91$7,282,154$0$0$5,102,950
92$7,909,410$0$0$5,544,301
93$8,597,007$0$0$6,028,178
94$9,350,986$0$0$6,558,837
95$10,177,998$0$0$7,140,972
96$11,085,372$0$0$7,779,747
97$12,081,179$0$0$8,480,856
98$13,174,308$0$0$9,250,565
99$14,374,553$0$0$10,095,783
100$15,692,702$0$0$11,024,114