Can I retire at age 55 with 641,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $641,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$52,933$52,462$52,002$51,553$51,114$49,577
2 years$26,205$25,717$25,244$24,785$24,340$22,805
3 years$17,296$16,806$16,334$15,880$15,442$13,957
4 years$12,843$12,354$11,887$11,441$11,014$9,589
5 years$10,172$9,686$9,225$8,787$8,372$7,012
6 years$8,391$7,909$7,455$7,027$6,625$5,331
7 years$7,120$6,642$6,195$5,778$5,388$4,160
8 years$6,167$5,694$5,254$4,847$4,470$3,307
9 years$5,426$4,957$4,525$4,128$3,764$2,665
10 years$4,834$4,370$3,945$3,559$3,207$2,171
11 years$4,350$3,890$3,473$3,097$2,758$1,783
12 years$3,947$3,491$3,083$2,717$2,390$1,473
13 years$3,606$3,155$2,754$2,398$2,084$1,224
14 years$3,314$2,868$2,474$2,129$1,827$1,021
15 years$3,061$2,620$2,234$1,899$1,609$855
16 years$2,840$2,404$2,026$1,700$1,422$718
17 years$2,645$2,214$1,843$1,527$1,261$604
18 years$2,472$2,046$1,683$1,377$1,121$509
19 years$2,318$1,896$1,540$1,244$999$430
20 years$2,179$1,762$1,414$1,127$892$363
21 years$2,053$1,641$1,300$1,022$799$308
22 years$1,939$1,532$1,198$930$716$261
23 years$1,835$1,433$1,107$847$643$221
24 years$1,740$1,342$1,023$772$578$188
25 years$1,653$1,260$948$705$520$159
26 years$1,572$1,184$879$645$468$135
27 years$1,498$1,114$816$590$422$115
28 years$1,429$1,050$759$541$381$98
29 years$1,365$990$706$496$344$83
30 years$1,305$935$658$455$311$71
31 years$1,249$884$613$418$281$60
32 years$1,197$837$572$384$254$51
33 years$1,148$792$534$353$230$44
34 years$1,102$751$499$325$208$37
35 years$1,059$712$467$299$189$32
36 years$1,018$676$437$276$171$27
37 years$980$642$409$254$155$23
38 years$943$610$383$234$140$19
39 years$909$580$358$216$127$17
40 years$876$552$336$199$115$14
41 years$845$526$315$184$105$12
42 years$816$500$296$169$95$10
43 years$788$477$277$156$86$9
44 years$762$455$260$144$78$7
45 years$736$433$244$133$71$6
46 years$712$414$230$123$65$5
47 years$689$395$216$114$59$5
48 years$667$377$203$105$53$4
49 years$646$360$191$97$48$3
50 years$626$344$179$90$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $641,000, adding $5,128 every year, while hoping to spend $43,871 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: 82/9/9 Blend
54$641,000$641,000$641,000$641,000
55$711,672$677,699$667,763$768,707
56$737,584$664,227$643,455$793,321
57$764,668$648,626$616,862$813,984
58$792,999$630,743$587,861$835,337
59$822,655$610,419$556,324$857,426
60$853,722$587,486$522,118$880,299
61$886,294$561,765$485,100$904,012
62$920,470$533,066$445,126$928,624
63$956,362$501,190$402,041$954,202
64$994,088$465,925$355,687$980,817
65$1,033,777$427,048$305,894$1,008,552
66$1,075,571$384,322$252,490$1,037,494
67$1,119,623$337,497$195,292$1,067,743
68$1,166,099$286,310$134,110$1,099,406
69$1,215,184$230,481$68,745$1,132,604
70$1,267,074$169,716$0$1,167,469
71$1,321,987$103,704$0$1,204,246
72$1,380,160$32,115$0$1,250,050
73$1,441,851$0$0$1,298,475
74$1,507,344$0$0$1,354,236
75$1,576,948$0$0$1,416,885
76$1,651,000$0$0$1,483,546
77$1,729,872$0$0$1,554,554
78$1,813,969$0$0$1,630,276
79$1,903,734$0$0$1,711,111
80$1,999,654$0$0$1,797,499
81$2,102,264$0$0$1,889,923
82$2,212,147$0$0$1,988,910
83$2,329,944$0$0$2,095,039
84$2,456,360$0$0$2,208,946
85$2,592,167$0$0$2,331,329
86$2,738,211$0$0$2,462,952
87$2,895,424$0$0$2,604,656
88$3,064,826$0$0$2,757,365
89$3,247,541$0$0$2,922,091
90$3,444,801$0$0$3,099,949
91$3,657,961$0$0$3,292,162
92$3,888,509$0$0$3,500,075
93$4,138,083$0$0$3,725,167
94$4,408,481$0$0$3,969,063
95$4,701,681$0$0$4,233,550
96$5,019,859$0$0$4,520,594
97$5,365,408$0$0$4,832,356
98$5,740,958$0$0$5,171,213
99$6,149,406$0$0$5,539,781
100$6,593,935$0$0$5,940,938