Can I retire at age 55 with 642,000?

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 $642,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$53,016$52,544$52,083$51,633$51,194$50,387
2 years$26,245$25,757$25,283$24,824$24,378$23,568
3 years$17,323$16,832$16,360$15,905$15,466$14,677
4 years$12,863$12,373$11,906$11,458$11,031$10,269
5 years$10,187$9,701$9,239$8,801$8,385$7,653
6 years$8,404$7,922$7,467$7,038$6,635$5,933
7 years$7,131$6,653$6,205$5,787$5,396$4,725
8 years$6,177$5,702$5,262$4,854$4,477$3,836
9 years$5,435$4,965$4,532$4,135$3,770$3,159
10 years$4,842$4,376$3,951$3,564$3,212$2,631
11 years$4,357$3,896$3,479$3,102$2,763$2,211
12 years$3,953$3,497$3,087$2,721$2,394$1,870
13 years$3,611$3,160$2,758$2,402$2,088$1,592
14 years$3,319$2,873$2,478$2,132$1,830$1,361
15 years$3,066$2,624$2,238$1,902$1,611$1,168
16 years$2,844$2,408$2,029$1,703$1,424$1,006
17 years$2,649$2,217$1,846$1,530$1,263$869
18 years$2,476$2,049$1,685$1,379$1,123$752
19 years$2,321$1,899$1,543$1,246$1,001$652
20 years$2,182$1,765$1,416$1,128$894$567
21 years$2,056$1,644$1,302$1,024$800$493
22 years$1,942$1,534$1,200$931$717$430
23 years$1,838$1,435$1,108$848$644$375
24 years$1,743$1,344$1,025$773$578$327
25 years$1,655$1,262$949$706$521$286
26 years$1,575$1,186$880$646$469$250
27 years$1,500$1,116$818$591$423$219
28 years$1,431$1,052$760$542$381$191
29 years$1,367$992$707$497$344$168
30 years$1,307$937$659$456$311$147
31 years$1,251$886$614$419$281$129
32 years$1,199$838$573$385$255$113
33 years$1,150$794$535$354$230$99
34 years$1,104$752$500$326$209$87
35 years$1,060$713$467$300$189$76
36 years$1,020$677$437$276$171$67
37 years$981$643$409$254$155$59
38 years$945$611$383$234$141$52
39 years$910$581$359$216$128$45
40 years$878$553$337$199$116$40
41 years$847$526$316$184$105$35
42 years$817$501$296$170$95$31
43 years$789$478$278$157$86$27
44 years$763$455$261$145$78$24
45 years$737$434$245$134$71$21
46 years$713$414$230$123$65$18
47 years$690$395$216$114$59$16
48 years$668$377$203$105$53$14
49 years$647$360$191$97$48$12
50 years$627$344$179$90$44$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $642,000, adding $3,718 every year, while hoping to spend $48,409 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: 85/5/10 Blend
54$642,000$642,000$642,000$642,000
55$711,319$677,293$667,342$770,432
56$732,367$658,974$638,191$791,293
57$753,939$638,134$606,441$807,275
58$776,038$614,600$571,954$823,331
59$798,665$588,186$534,586$839,438
60$821,819$558,697$494,185$855,569
61$845,498$525,927$450,593$871,695
62$869,697$489,656$403,647$887,784
63$894,411$449,654$353,174$903,799
64$919,630$405,676$298,994$919,702
65$945,341$357,463$240,919$935,447
66$971,530$304,743$178,754$950,987
67$998,178$247,228$112,295$966,268
68$1,025,263$184,612$41,327$981,230
69$1,052,755$116,574$0$995,808
70$1,080,624$42,774$0$1,013,601
71$1,108,831$0$0$1,035,804
72$1,137,331$0$0$1,059,983
73$1,166,074$0$0$1,086,737
74$1,194,999$0$0$1,113,658
75$1,224,040$0$0$1,140,680
76$1,253,117$0$0$1,167,732
77$1,282,144$0$0$1,194,731
78$1,311,019$0$0$1,221,581
79$1,339,630$0$0$1,248,178
80$1,367,848$0$0$1,274,400
81$1,395,529$0$0$1,300,113
82$1,422,511$0$0$1,325,164
83$1,448,611$0$0$1,349,381
84$1,473,624$0$0$1,372,574
85$1,497,323$0$0$1,394,528
86$1,519,450$0$0$1,415,002
87$1,539,720$0$0$1,433,729
88$1,557,815$0$0$1,450,409
89$1,573,378$0$0$1,464,710
90$1,586,014$0$0$1,476,260
91$1,595,281$0$0$1,484,646
92$1,600,689$0$0$1,489,408
93$1,601,694$0$0$1,490,035
94$1,597,690$0$0$1,485,961
95$1,588,005$0$0$1,476,556
96$1,571,894$0$0$1,461,120
97$1,548,530$0$0$1,438,880
98$1,516,996$0$0$1,408,976
99$1,476,277$0$0$1,370,456
100$1,425,248$0$0$1,322,268