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%15.6%
1 years$52,685$52,216$51,758$51,311$50,875$49,706
2 years$26,082$25,596$25,125$24,669$24,226$23,055
3 years$17,215$16,727$16,258$15,806$15,370$14,233
4 years$12,783$12,296$11,832$11,387$10,962$9,868
5 years$10,124$9,641$9,182$8,746$8,333$7,285
6 years$8,352$7,872$7,420$6,995$6,594$5,593
7 years$7,087$6,611$6,166$5,751$5,363$4,409
8 years$6,138$5,667$5,229$4,824$4,449$3,542
9 years$5,401$4,934$4,504$4,109$3,746$2,886
10 years$4,812$4,349$3,927$3,542$3,192$2,377
11 years$4,330$3,872$3,457$3,083$2,745$1,975
12 years$3,928$3,475$3,068$2,704$2,379$1,652
13 years$3,589$3,140$2,741$2,387$2,075$1,389
14 years$3,298$2,855$2,463$2,119$1,819$1,173
15 years$3,047$2,608$2,224$1,890$1,601$994
16 years$2,827$2,393$2,016$1,692$1,415$846
17 years$2,633$2,203$1,835$1,520$1,255$721
18 years$2,461$2,036$1,675$1,370$1,116$616
19 years$2,307$1,887$1,533$1,238$994$527
20 years$2,168$1,754$1,407$1,121$888$452
21 years$2,043$1,633$1,294$1,018$795$388
22 years$1,930$1,525$1,193$925$713$333
23 years$1,827$1,426$1,101$843$640$287
24 years$1,732$1,336$1,019$769$575$247
25 years$1,645$1,254$943$702$517$212
26 years$1,565$1,178$875$642$466$183
27 years$1,491$1,109$812$587$420$158
28 years$1,422$1,045$755$538$379$136
29 years$1,358$986$703$494$342$118
30 years$1,299$931$655$453$309$101
31 years$1,243$880$610$416$280$88
32 years$1,191$833$569$382$253$76
33 years$1,143$789$532$352$229$65
34 years$1,097$747$497$323$207$57
35 years$1,054$709$464$298$188$49
36 years$1,013$673$435$274$170$42
37 years$975$639$407$253$154$36
38 years$939$607$381$233$140$32
39 years$905$578$357$215$127$27
40 years$872$549$334$198$115$24
41 years$841$523$314$183$104$20
42 years$812$498$294$169$95$18
43 years$784$475$276$156$86$15
44 years$758$452$259$144$78$13
45 years$733$431$243$133$71$11
46 years$709$412$229$123$64$10
47 years$686$393$215$113$58$9
48 years$664$375$202$105$53$7
49 years$643$358$190$97$48$6
50 years$623$342$178$89$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $638,000, adding $4,310 every year, while hoping to spend $54,616 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: 72/12/16 Blend
54$638,000$638,000$638,000$638,000
55$707,522$673,708$663,819$755,575
56$721,578$648,608$627,946$762,934
57$735,237$620,449$589,040$763,948
58$748,402$589,021$546,944$763,636
59$760,962$554,106$501,489$761,855
60$772,794$515,471$452,503$758,449
61$783,760$472,870$399,803$753,249
62$793,707$426,045$343,200$746,069
63$802,465$374,720$282,496$736,705
64$809,841$318,606$217,485$724,936
65$815,623$257,397$147,949$710,519
66$819,576$190,768$73,664$693,189
67$821,435$118,378$0$672,656
68$820,909$39,867$0$649,559
69$817,674$0$0$636,076
70$811,370$0$0$625,243
71$801,597$0$0$616,905
72$787,912$0$0$605,445
73$769,824$0$0$590,473
74$746,791$0$0$571,556
75$718,208$0$0$548,217
76$683,411$0$0$519,926
77$641,661$0$0$486,097
78$592,141$0$0$446,080
79$533,949$0$0$399,160
80$466,085$0$0$344,543
81$387,446$0$0$281,352
82$296,812$0$0$208,618
83$192,832$0$0$125,269
84$74,018$0$0$30,124
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0