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%19%
1 years$53,016$52,544$52,083$51,633$51,194$49,338
2 years$26,245$25,757$25,283$24,824$24,378$22,529
3 years$17,323$16,832$16,360$15,905$15,466$13,682
4 years$12,863$12,373$11,906$11,458$11,031$9,324
5 years$10,187$9,701$9,239$8,801$8,385$6,762
6 years$8,404$7,922$7,467$7,038$6,635$5,095
7 years$7,131$6,653$6,205$5,787$5,396$3,940
8 years$6,177$5,702$5,262$4,854$4,477$3,103
9 years$5,435$4,965$4,532$4,135$3,770$2,476
10 years$4,842$4,376$3,951$3,564$3,212$1,997
11 years$4,357$3,896$3,479$3,102$2,763$1,623
12 years$3,953$3,497$3,087$2,721$2,394$1,327
13 years$3,611$3,160$2,758$2,402$2,088$1,090
14 years$3,319$2,873$2,478$2,132$1,830$900
15 years$3,066$2,624$2,238$1,902$1,611$745
16 years$2,844$2,408$2,029$1,703$1,424$618
17 years$2,649$2,217$1,846$1,530$1,263$514
18 years$2,476$2,049$1,685$1,379$1,123$428
19 years$2,321$1,899$1,543$1,246$1,001$357
20 years$2,182$1,765$1,416$1,128$894$298
21 years$2,056$1,644$1,302$1,024$800$249
22 years$1,942$1,534$1,200$931$717$209
23 years$1,838$1,435$1,108$848$644$175
24 years$1,743$1,344$1,025$773$578$146
25 years$1,655$1,262$949$706$521$123
26 years$1,575$1,186$880$646$469$103
27 years$1,500$1,116$818$591$423$86
28 years$1,431$1,052$760$542$381$72
29 years$1,367$992$707$497$344$61
30 years$1,307$937$659$456$311$51
31 years$1,251$886$614$419$281$43
32 years$1,199$838$573$385$255$36
33 years$1,150$794$535$354$230$30
34 years$1,104$752$500$326$209$25
35 years$1,060$713$467$300$189$21
36 years$1,020$677$437$276$171$18
37 years$981$643$409$254$155$15
38 years$945$611$383$234$141$13
39 years$910$581$359$216$128$11
40 years$878$553$337$199$116$9
41 years$847$526$316$184$105$7
42 years$817$501$296$170$95$6
43 years$789$478$278$157$86$5
44 years$763$455$261$145$78$4
45 years$737$434$245$134$71$4
46 years$713$414$230$123$65$3
47 years$690$395$216$114$59$3
48 years$668$377$203$105$53$2
49 years$647$360$191$97$48$2
50 years$627$344$179$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $642,000, adding $5,825 every year, while hoping to spend $45,320 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: 25/47/28 Blend
54$642,000$642,000$642,000$642,000
55$713,492$679,466$669,515$724,961
56$738,049$664,540$643,724$720,044
57$763,590$647,364$615,550$710,547
58$790,171$627,779$584,865$699,425
59$817,846$605,618$551,536$686,573
60$846,678$580,704$515,423$671,879
61$876,730$552,850$476,381$655,227
62$908,074$521,857$434,258$636,495
63$940,786$487,516$388,894$615,554
64$974,947$449,606$340,123$592,270
65$1,010,646$407,891$287,771$566,502
66$1,047,978$362,123$231,657$538,100
67$1,087,047$312,042$171,593$506,911
68$1,127,964$257,371$107,380$472,771
69$1,170,851$197,817$38,812$435,510
70$1,215,839$133,071$0$394,949
71$1,263,072$62,809$0$361,170
72$1,312,703$0$0$336,752
73$1,364,902$0$0$316,841
74$1,419,852$0$0$330,115
75$1,477,752$0$0$344,144
76$1,538,819$0$0$358,984
77$1,603,292$0$0$374,700
78$1,671,427$0$0$391,360
79$1,743,506$0$0$409,041
80$1,819,838$0$0$427,825
81$1,900,759$0$0$447,802
82$1,986,635$0$0$469,071
83$2,077,869$0$0$491,741
84$2,174,899$0$0$515,931
85$2,278,207$0$0$541,769
86$2,388,318$0$0$569,400
87$2,505,809$0$0$598,978
88$2,631,312$0$0$630,676
89$2,765,518$0$0$664,681
90$2,909,186$0$0$701,199
91$3,063,148$0$0$740,457
92$3,228,317$0$0$782,703
93$3,405,694$0$0$828,209
94$3,596,378$0$0$877,276
95$3,801,576$0$0$930,232
96$4,022,613$0$0$987,438
97$4,260,944$0$0$1,049,294
98$4,518,167$0$0$1,116,234
99$4,796,040$0$0$1,188,739
100$5,096,491$0$0$1,267,338