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%11.2%
1 years$52,603$52,134$51,677$51,231$50,795$50,539
2 years$26,041$25,556$25,086$24,630$24,188$23,929
3 years$17,188$16,701$16,232$15,781$15,346$15,093
4 years$12,763$12,277$11,813$11,369$10,945$10,699
5 years$10,108$9,625$9,167$8,733$8,320$8,083
6 years$8,339$7,860$7,409$6,984$6,583$6,355
7 years$7,076$6,601$6,157$5,742$5,354$5,134
8 years$6,129$5,658$5,221$4,816$4,442$4,231
9 years$5,393$4,926$4,497$4,103$3,741$3,538
10 years$4,804$4,342$3,921$3,536$3,187$2,993
11 years$4,323$3,866$3,452$3,078$2,741$2,556
12 years$3,922$3,470$3,063$2,700$2,375$2,198
13 years$3,583$3,136$2,737$2,383$2,071$1,902
14 years$3,293$2,850$2,459$2,116$1,816$1,655
15 years$3,042$2,604$2,220$1,887$1,599$1,446
16 years$2,822$2,389$2,013$1,689$1,413$1,267
17 years$2,629$2,200$1,832$1,518$1,253$1,115
18 years$2,457$2,033$1,672$1,368$1,114$983
19 years$2,303$1,884$1,531$1,236$993$869
20 years$2,165$1,751$1,405$1,120$887$769
21 years$2,040$1,631$1,292$1,016$794$682
22 years$1,927$1,522$1,191$924$711$606
23 years$1,824$1,424$1,100$841$639$539
24 years$1,729$1,334$1,017$767$574$481
25 years$1,642$1,252$942$701$516$428
26 years$1,562$1,177$874$641$465$382
27 years$1,488$1,107$811$586$419$342
28 years$1,420$1,043$754$537$378$305
29 years$1,356$984$702$493$342$273
30 years$1,297$930$654$452$309$244
31 years$1,241$879$609$415$279$219
32 years$1,189$831$569$382$253$196
33 years$1,141$787$531$351$229$176
34 years$1,095$746$496$323$207$157
35 years$1,052$708$464$297$187$141
36 years$1,012$672$434$274$170$127
37 years$974$638$406$252$154$114
38 years$937$606$380$233$140$102
39 years$903$577$356$214$127$92
40 years$871$549$334$198$115$82
41 years$840$522$313$182$104$74
42 years$811$497$294$168$94$66
43 years$783$474$276$155$86$60
44 years$757$452$259$144$78$53
45 years$732$431$243$133$71$48
46 years$708$411$228$122$64$43
47 years$685$392$214$113$58$39
48 years$663$374$201$105$53$35
49 years$642$357$189$97$48$31
50 years$622$341$178$89$44$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $637,000, adding $5,034 every year, while hoping to spend $30,501 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: 55/18/27 Blend
54$637,000$637,000$637,000$637,000
55$707,167$673,406$663,532$740,537
56$746,845$673,950$653,308$764,620
57$789,548$673,498$641,718$787,259
58$835,552$671,970$628,686$811,295
59$885,161$669,279$614,130$836,874
60$938,708$665,335$597,964$864,156
61$996,560$660,040$580,100$893,321
62$1,059,119$653,291$560,443$924,567
63$1,126,828$644,981$538,896$958,114
64$1,200,173$634,993$515,357$994,208
65$1,279,688$623,206$489,720$1,033,120
66$1,365,963$609,490$461,872$1,075,151
67$1,459,644$593,708$431,698$1,120,634
68$1,561,443$575,715$399,075$1,169,940
69$1,672,142$555,356$363,875$1,223,478
70$1,792,602$532,471$325,967$1,281,702
71$1,923,772$506,886$285,211$1,345,117
72$2,066,692$478,419$241,461$1,414,278
73$2,222,512$446,878$194,567$1,489,804
74$2,392,493$412,060$144,370$1,572,376
75$2,578,025$373,750$90,705$1,662,750
76$2,780,640$331,719$33,399$1,761,764
77$3,002,019$285,728$0$1,870,342
78$3,244,019$235,522$0$1,997,504
79$3,508,681$180,835$0$2,147,175
80$3,798,252$121,381$0$2,311,029
81$4,115,207$56,862$0$2,490,512
82$4,462,272$0$0$2,687,214
83$4,842,447$0$0$2,905,474
84$5,259,039$0$0$3,157,040
85$5,715,687$0$0$3,432,855
86$6,216,401$0$0$3,735,348
87$6,765,595$0$0$4,067,193
88$7,368,133$0$0$4,431,339
89$8,029,373$0$0$4,831,030
90$8,755,214$0$0$5,269,841
91$9,552,156$0$0$5,751,712
92$10,427,360$0$0$6,280,981
93$11,388,712$0$0$6,862,427
94$12,444,902$0$0$7,501,315
95$13,605,501$0$0$8,203,445
96$14,881,054$0$0$8,975,209
97$16,283,180$0$0$9,823,645
98$17,824,676$0$0$10,756,509
99$19,519,645$0$0$11,782,348
100$21,383,621$0$0$12,910,576