Can I retire at age 55 with 637,000?

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 $637,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$52,603$52,134$51,677$51,231$50,795$49,913
2 years$26,041$25,556$25,086$24,630$24,188$23,302
3 years$17,188$16,701$16,232$15,781$15,346$14,484
4 years$12,763$12,277$11,813$11,369$10,945$10,113
5 years$10,108$9,625$9,167$8,733$8,320$7,521
6 years$8,339$7,860$7,409$6,984$6,583$5,818
7 years$7,076$6,601$6,157$5,742$5,354$4,623
8 years$6,129$5,658$5,221$4,816$4,442$3,744
9 years$5,393$4,926$4,497$4,103$3,741$3,077
10 years$4,804$4,342$3,921$3,536$3,187$2,556
11 years$4,323$3,866$3,452$3,078$2,741$2,142
12 years$3,922$3,470$3,063$2,700$2,375$1,808
13 years$3,583$3,136$2,737$2,383$2,071$1,534
14 years$3,293$2,850$2,459$2,116$1,816$1,308
15 years$3,042$2,604$2,220$1,887$1,599$1,120
16 years$2,822$2,389$2,013$1,689$1,413$962
17 years$2,629$2,200$1,832$1,518$1,253$828
18 years$2,457$2,033$1,672$1,368$1,114$715
19 years$2,303$1,884$1,531$1,236$993$618
20 years$2,165$1,751$1,405$1,120$887$536
21 years$2,040$1,631$1,292$1,016$794$465
22 years$1,927$1,522$1,191$924$711$404
23 years$1,824$1,424$1,100$841$639$351
24 years$1,729$1,334$1,017$767$574$305
25 years$1,642$1,252$942$701$516$266
26 years$1,562$1,177$874$641$465$232
27 years$1,488$1,107$811$586$419$202
28 years$1,420$1,043$754$537$378$176
29 years$1,356$984$702$493$342$154
30 years$1,297$930$654$452$309$134
31 years$1,241$879$609$415$279$117
32 years$1,189$831$569$382$253$103
33 years$1,141$787$531$351$229$90
34 years$1,095$746$496$323$207$78
35 years$1,052$708$464$297$187$69
36 years$1,012$672$434$274$170$60
37 years$974$638$406$252$154$52
38 years$937$606$380$233$140$46
39 years$903$577$356$214$127$40
40 years$871$549$334$198$115$35
41 years$840$522$313$182$104$31
42 years$811$497$294$168$94$27
43 years$783$474$276$155$86$24
44 years$757$452$259$144$78$21
45 years$732$431$243$133$71$18
46 years$708$411$228$122$64$16
47 years$685$392$214$113$58$14
48 years$663$374$201$105$53$12
49 years$642$357$189$97$48$11
50 years$622$341$178$89$44$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $637,000, adding $4,504 every year, while hoping to spend $44,245 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: 50/25/25 Blend
54$637,000$637,000$637,000$637,000
55$706,620$672,859$662,985$736,771
56$731,619$658,753$638,119$744,126
57$757,685$642,472$610,937$747,301
58$784,880$623,865$581,314$749,862
59$813,271$602,767$549,122$751,768
60$842,930$579,009$514,223$752,979
61$873,936$552,407$476,477$753,455
62$906,373$522,771$435,734$753,152
63$940,332$489,896$391,840$752,029
64$975,913$453,567$344,634$750,042
65$1,013,222$413,558$293,945$747,147
66$1,052,377$369,629$239,598$743,299
67$1,093,503$321,524$181,409$738,454
68$1,136,739$268,977$119,184$732,568
69$1,182,232$211,703$52,723$725,598
70$1,230,147$149,404$0$717,499
71$1,280,660$81,763$0$713,087
72$1,333,964$8,446$0$722,789
73$1,390,270$0$0$732,550
74$1,449,806$0$0$761,903
75$1,512,823$0$0$795,462
76$1,579,595$0$0$831,053
77$1,650,420$0$0$868,840
78$1,725,625$0$0$909,001
79$1,805,567$0$0$951,731
80$1,890,637$0$0$997,246
81$1,981,263$0$0$1,045,779
82$2,077,912$0$0$1,097,587
83$2,181,099$0$0$1,152,952
84$2,291,384$0$0$1,212,181
85$2,409,385$0$0$1,275,612
86$2,535,776$0$0$1,343,617
87$2,671,300$0$0$1,416,603
88$2,816,768$0$0$1,495,014
89$2,973,074$0$0$1,579,342
90$3,141,196$0$0$1,670,125
91$3,322,209$0$0$1,767,952
92$3,517,296$0$0$1,873,473
93$3,727,752$0$0$1,987,401
94$3,955,003$0$0$2,110,519
95$4,200,615$0$0$2,243,687
96$4,466,309$0$0$2,387,853
97$4,753,976$0$0$2,544,055
98$5,065,696$0$0$2,713,439
99$5,403,757$0$0$2,897,261
100$5,770,673$0$0$3,096,905