Can I retire at age 55 with 638,000?

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 $638,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$52,685$52,216$51,758$51,311$50,875$48,856
2 years$26,082$25,596$25,125$24,669$24,226$22,218
3 years$17,215$16,727$16,258$15,806$15,370$13,435
4 years$12,783$12,296$11,832$11,387$10,962$9,115
5 years$10,124$9,641$9,182$8,746$8,333$6,578
6 years$8,352$7,872$7,420$6,995$6,594$4,933
7 years$7,087$6,611$6,166$5,751$5,363$3,794
8 years$6,138$5,667$5,229$4,824$4,449$2,972
9 years$5,401$4,934$4,504$4,109$3,746$2,359
10 years$4,812$4,349$3,927$3,542$3,192$1,891
11 years$4,330$3,872$3,457$3,083$2,745$1,528
12 years$3,928$3,475$3,068$2,704$2,379$1,242
13 years$3,589$3,140$2,741$2,387$2,075$1,014
14 years$3,298$2,855$2,463$2,119$1,819$832
15 years$3,047$2,608$2,224$1,890$1,601$684
16 years$2,827$2,393$2,016$1,692$1,415$564
17 years$2,633$2,203$1,835$1,520$1,255$466
18 years$2,461$2,036$1,675$1,370$1,116$385
19 years$2,307$1,887$1,533$1,238$994$319
20 years$2,168$1,754$1,407$1,121$888$265
21 years$2,043$1,633$1,294$1,018$795$220
22 years$1,930$1,525$1,193$925$713$183
23 years$1,827$1,426$1,101$843$640$152
24 years$1,732$1,336$1,019$769$575$126
25 years$1,645$1,254$943$702$517$105
26 years$1,565$1,178$875$642$466$88
27 years$1,491$1,109$812$587$420$73
28 years$1,422$1,045$755$538$379$61
29 years$1,358$986$703$494$342$51
30 years$1,299$931$655$453$309$42
31 years$1,243$880$610$416$280$35
32 years$1,191$833$569$382$253$29
33 years$1,143$789$532$352$229$24
34 years$1,097$747$497$323$207$20
35 years$1,054$709$464$298$188$17
36 years$1,013$673$435$274$170$14
37 years$975$639$407$253$154$12
38 years$939$607$381$233$140$10
39 years$905$578$357$215$127$8
40 years$872$549$334$198$115$7
41 years$841$523$314$183$104$6
42 years$812$498$294$169$95$5
43 years$784$475$276$156$86$4
44 years$758$452$259$144$78$3
45 years$733$431$243$133$71$3
46 years$709$412$229$123$64$2
47 years$686$393$215$113$58$2
48 years$664$375$202$105$53$2
49 years$643$358$190$97$48$1
50 years$623$342$178$89$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $638,000, adding $5,351 every year, while hoping to spend $31,031 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: 77/11/12 Blend
54$638,000$638,000$638,000$638,000
55$708,596$674,782$664,893$761,109
56$747,856$674,829$654,150$796,485
57$790,080$673,839$642,007$830,786
58$835,539$671,728$628,385$867,521
59$884,527$668,406$613,199$906,920
60$937,372$663,780$596,364$949,239
61$994,429$657,751$577,787$994,758
62$1,056,091$650,211$557,374$1,043,786
63$1,122,790$641,049$535,023$1,096,664
64$1,195,000$630,146$510,632$1,153,768
65$1,273,243$617,376$484,091$1,215,512
66$1,358,091$602,605$455,286$1,282,354
67$1,450,176$585,692$424,098$1,354,797
68$1,550,191$566,488$390,402$1,433,397
69$1,658,898$544,834$354,068$1,518,767
70$1,777,137$520,562$314,961$1,611,584
71$1,905,831$493,495$272,938$1,712,592
72$2,045,996$463,446$227,851$1,822,614
73$2,198,749$430,217$179,545$1,942,556
74$2,365,320$393,597$127,859$2,073,418
75$2,547,065$353,365$72,624$2,216,303
76$2,745,473$309,287$13,664$2,372,426
77$2,962,184$261,115$0$2,543,129
78$3,199,005$208,588$0$2,736,196
79$3,457,924$151,429$0$2,949,230
80$3,741,131$89,347$0$3,182,302
81$4,051,035$22,034$0$3,437,422
82$4,390,291$0$0$3,716,804
83$4,761,822$0$0$4,029,043
84$5,168,847$0$0$4,374,056
85$5,614,909$0$0$4,752,182
86$6,103,913$0$0$5,166,735
87$6,640,159$0$0$5,621,361
88$7,228,381$0$0$6,120,079
89$7,873,796$0$0$6,667,315
90$8,582,150$0$0$7,267,943
91$9,359,770$0$0$7,927,333
92$10,213,628$0$0$8,651,399
93$11,151,403$0$0$9,446,657
94$12,181,555$0$0$10,320,286
95$13,313,402$0$0$11,280,192
96$14,557,212$0$0$12,335,086
97$15,924,294$0$0$13,494,566
98$17,427,110$0$0$14,769,203
99$19,079,387$0$0$16,170,646
100$20,896,249$0$0$17,711,729