Can I retire at age 55 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$52,851$52,380$51,921$51,472$51,034$50,544
2 years$26,164$25,676$25,204$24,746$24,302$23,808
3 years$17,269$16,780$16,309$15,855$15,418$14,935
4 years$12,823$12,335$11,869$11,423$10,996$10,529
5 years$10,156$9,671$9,211$8,774$8,359$7,909
6 years$8,378$7,897$7,443$7,016$6,614$6,181
7 years$7,109$6,632$6,186$5,769$5,379$4,964
8 years$6,158$5,685$5,246$4,839$4,463$4,065
9 years$5,418$4,950$4,518$4,122$3,758$3,378
10 years$4,827$4,363$3,939$3,553$3,202$2,839
11 years$4,343$3,884$3,468$3,092$2,754$2,407
12 years$3,941$3,486$3,078$2,712$2,387$2,056
13 years$3,600$3,150$2,750$2,395$2,081$1,767
14 years$3,309$2,864$2,471$2,126$1,824$1,526
15 years$3,056$2,616$2,231$1,896$1,606$1,323
16 years$2,835$2,400$2,022$1,697$1,420$1,152
17 years$2,641$2,210$1,840$1,525$1,259$1,005
18 years$2,468$2,042$1,680$1,374$1,119$879
19 years$2,314$1,893$1,538$1,242$998$771
20 years$2,175$1,759$1,411$1,125$891$677
21 years$2,050$1,638$1,298$1,021$797$596
22 years$1,936$1,529$1,197$928$715$525
23 years$1,832$1,430$1,105$845$642$464
24 years$1,737$1,340$1,022$771$577$409
25 years$1,650$1,258$946$704$519$362
26 years$1,570$1,182$878$644$467$320
27 years$1,495$1,112$815$589$421$284
28 years$1,426$1,048$758$540$380$251
29 years$1,362$989$705$495$343$223
30 years$1,303$934$657$454$310$198
31 years$1,247$883$612$417$280$175
32 years$1,195$835$571$384$254$156
33 years$1,146$791$533$353$230$138
34 years$1,100$750$498$324$208$123
35 years$1,057$711$466$299$188$109
36 years$1,016$675$436$275$171$97
37 years$978$641$408$253$155$86
38 years$942$609$382$234$140$77
39 years$908$579$358$215$127$68
40 years$875$551$335$199$115$61
41 years$844$525$315$183$105$54
42 years$815$500$295$169$95$48
43 years$787$476$277$156$86$43
44 years$760$454$260$144$78$38
45 years$735$433$244$133$71$34
46 years$711$413$229$123$64$30
47 years$688$394$215$114$59$27
48 years$666$376$202$105$53$24
49 years$645$359$190$97$48$21
50 years$625$343$179$90$44$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $640,000, adding $5,588 every year, while hoping to spend $42,485 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: 24/46/30 Blend
54$640,000$640,000$640,000$640,000
55$711,044$677,124$667,204$721,334
56$738,367$665,099$644,352$718,581
57$767,053$651,062$619,310$711,711
58$797,196$634,867$591,960$703,473
59$828,898$616,364$562,180$693,782
60$862,271$595,392$529,838$682,551
61$897,437$571,780$494,802$669,687
62$934,527$545,348$456,929$655,094
63$973,684$515,906$416,072$638,674
64$1,015,067$483,252$372,077$620,322
65$1,058,845$447,174$324,783$599,932
66$1,105,207$407,445$274,023$577,392
67$1,154,356$363,827$219,620$552,587
68$1,206,515$316,070$161,393$525,398
69$1,261,929$263,906$99,148$495,702
70$1,320,864$207,055$32,688$463,372
71$1,383,612$145,221$0$428,277
72$1,450,492$78,089$0$402,524
73$1,521,856$5,329$0$385,697
74$1,598,087$0$0$367,255
75$1,679,605$0$0$384,286
76$1,766,870$0$0$405,478
77$1,860,389$0$0$428,265
78$1,960,716$0$0$452,791
79$2,068,459$0$0$479,214
80$2,184,286$0$0$507,711
81$2,308,930$0$0$538,472
82$2,443,196$0$0$571,709
83$2,587,967$0$0$607,652
84$2,744,216$0$0$646,557
85$2,913,009$0$0$688,704
86$3,095,518$0$0$734,399
87$3,293,033$0$0$783,982
88$3,506,970$0$0$837,825
89$3,738,887$0$0$896,337
90$3,990,498$0$0$959,969
91$4,263,685$0$0$1,029,215
92$4,560,521$0$0$1,104,621
93$4,883,286$0$0$1,186,787
94$5,234,487$0$0$1,276,373
95$5,616,883$0$0$1,374,106
96$6,033,511$0$0$1,480,785
97$6,487,711$0$0$1,597,291
98$6,983,162$0$0$1,724,593
99$7,523,910$0$0$1,863,757
100$8,114,411$0$0$2,015,958