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%16.2%
1 years$52,851$52,380$51,921$51,472$51,034$49,740
2 years$26,164$25,676$25,204$24,746$24,302$23,007
3 years$17,269$16,780$16,309$15,855$15,418$14,162
4 years$12,823$12,335$11,869$11,423$10,996$9,789
5 years$10,156$9,671$9,211$8,774$8,359$7,204
6 years$8,378$7,897$7,443$7,016$6,614$5,513
7 years$7,109$6,632$6,186$5,769$5,379$4,331
8 years$6,158$5,685$5,246$4,839$4,463$3,467
9 years$5,418$4,950$4,518$4,122$3,758$2,815
10 years$4,827$4,363$3,939$3,553$3,202$2,310
11 years$4,343$3,884$3,468$3,092$2,754$1,912
12 years$3,941$3,486$3,078$2,712$2,387$1,592
13 years$3,600$3,150$2,750$2,395$2,081$1,334
14 years$3,309$2,864$2,471$2,126$1,824$1,122
15 years$3,056$2,616$2,231$1,896$1,606$947
16 years$2,835$2,400$2,022$1,697$1,420$802
17 years$2,641$2,210$1,840$1,525$1,259$681
18 years$2,468$2,042$1,680$1,374$1,119$579
19 years$2,314$1,893$1,538$1,242$998$493
20 years$2,175$1,759$1,411$1,125$891$421
21 years$2,050$1,638$1,298$1,021$797$360
22 years$1,936$1,529$1,197$928$715$308
23 years$1,832$1,430$1,105$845$642$263
24 years$1,737$1,340$1,022$771$577$226
25 years$1,650$1,258$946$704$519$193
26 years$1,570$1,182$878$644$467$166
27 years$1,495$1,112$815$589$421$142
28 years$1,426$1,048$758$540$380$122
29 years$1,362$989$705$495$343$105
30 years$1,303$934$657$454$310$90
31 years$1,247$883$612$417$280$77
32 years$1,195$835$571$384$254$67
33 years$1,146$791$533$353$230$57
34 years$1,100$750$498$324$208$49
35 years$1,057$711$466$299$188$42
36 years$1,016$675$436$275$171$36
37 years$978$641$408$253$155$31
38 years$942$609$382$234$140$27
39 years$908$579$358$215$127$23
40 years$875$551$335$199$115$20
41 years$844$525$315$183$105$17
42 years$815$500$295$169$95$15
43 years$787$476$277$156$86$13
44 years$760$454$260$144$78$11
45 years$735$433$244$133$71$9
46 years$711$413$229$123$64$8
47 years$688$394$215$114$59$7
48 years$666$376$202$105$53$6
49 years$645$359$190$97$48$5
50 years$625$343$179$90$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $640,000, adding $5,654 every year, while hoping to spend $29,321 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: 67/17/16 Blend
54$640,000$640,000$640,000$640,000
55$711,112$677,192$667,272$755,668
56$752,448$679,177$658,428$788,117
57$797,018$680,277$648,306$819,628
58$845,120$680,417$636,830$853,354
59$897,083$679,518$623,925$889,511
60$953,268$677,496$609,508$928,339
61$1,014,071$674,263$593,497$970,099
62$1,079,928$669,724$575,801$1,015,083
63$1,151,319$663,779$556,329$1,063,611
64$1,228,771$656,322$534,983$1,116,037
65$1,312,863$647,239$511,663$1,172,753
66$1,404,234$636,413$486,262$1,234,192
67$1,503,585$623,716$458,671$1,300,829
68$1,611,687$609,015$428,773$1,373,193
69$1,729,390$592,167$396,447$1,451,865
70$1,857,628$573,023$361,568$1,537,487
71$1,997,428$551,424$324,004$1,630,769
72$2,149,924$527,202$283,616$1,732,493
73$2,316,361$500,179$240,261$1,843,524
74$2,498,108$470,167$193,789$1,964,816
75$2,696,677$436,967$144,043$2,097,421
76$2,913,728$400,368$90,858$2,242,503
77$3,151,091$360,149$34,065$2,401,344
78$3,410,781$316,074$0$2,575,360
79$3,695,014$267,896$0$2,770,645
80$4,006,234$215,351$0$2,990,894
81$4,347,129$158,163$0$3,232,220
82$4,720,662$96,038$0$3,496,758
83$5,130,094$28,669$0$3,786,860
84$5,579,018$0$0$4,105,122
85$6,071,390$0$0$4,462,684
86$6,611,569$0$0$4,860,888
87$7,204,354$0$0$5,297,913
88$7,855,033$0$0$5,777,662
89$8,569,430$0$0$6,304,437
90$9,353,961$0$0$6,882,971
91$10,215,693$0$0$7,518,484
92$11,162,412$0$0$8,216,724
93$12,202,694$0$0$8,984,021
94$13,345,990$0$0$9,827,352
95$14,602,709$0$0$10,754,402
96$15,984,319$0$0$11,773,638
97$17,503,455$0$0$12,894,387
98$19,174,038$0$0$14,126,929
99$21,011,406$0$0$15,482,585
100$23,032,456$0$0$16,973,831