Can I retire at age 55 with 643,000?

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 $643,000?

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$53,098$52,625$52,164$51,714$51,274$49,973
2 years$26,286$25,797$25,322$24,862$24,416$23,114
3 years$17,350$16,858$16,385$15,929$15,491$14,228
4 years$12,883$12,393$11,924$11,476$11,048$9,835
5 years$10,203$9,716$9,254$8,815$8,399$7,238
6 years$8,417$7,934$7,478$7,049$6,645$5,539
7 years$7,142$6,663$6,215$5,796$5,405$4,351
8 years$6,186$5,711$5,270$4,862$4,484$3,484
9 years$5,443$4,973$4,539$4,141$3,776$2,828
10 years$4,849$4,383$3,958$3,570$3,217$2,321
11 years$4,364$3,902$3,484$3,107$2,767$1,921
12 years$3,959$3,502$3,092$2,725$2,398$1,600
13 years$3,617$3,165$2,763$2,406$2,091$1,340
14 years$3,324$2,877$2,482$2,136$1,833$1,127
15 years$3,070$2,628$2,241$1,905$1,614$952
16 years$2,849$2,411$2,032$1,705$1,426$806
17 years$2,653$2,221$1,849$1,532$1,265$684
18 years$2,480$2,052$1,688$1,381$1,124$582
19 years$2,325$1,902$1,545$1,248$1,002$496
20 years$2,185$1,767$1,418$1,130$895$423
21 years$2,059$1,646$1,304$1,026$801$361
22 years$1,945$1,537$1,202$933$718$309
23 years$1,841$1,437$1,110$849$645$265
24 years$1,745$1,347$1,027$775$579$227
25 years$1,658$1,264$951$707$521$194
26 years$1,577$1,188$882$647$470$167
27 years$1,502$1,118$819$592$423$143
28 years$1,433$1,053$761$542$382$123
29 years$1,369$994$708$497$345$105
30 years$1,309$938$660$456$312$91
31 years$1,253$887$615$419$282$78
32 years$1,201$839$574$385$255$67
33 years$1,152$795$536$354$231$57
34 years$1,105$753$501$326$209$49
35 years$1,062$715$468$300$189$42
36 years$1,021$678$438$276$171$37
37 years$983$644$410$255$155$31
38 years$946$612$384$235$141$27
39 years$912$582$360$216$128$23
40 years$879$554$337$200$116$20
41 years$848$527$316$184$105$17
42 years$819$502$296$170$95$15
43 years$791$478$278$157$87$13
44 years$764$456$261$145$79$11
45 years$739$435$245$134$71$9
46 years$714$415$230$124$65$8
47 years$691$396$216$114$59$7
48 years$669$378$203$106$53$6
49 years$648$361$191$98$49$5
50 years$628$345$180$90$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $643,000, adding $2,095 every year, while hoping to spend $43,968 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: 59/12/29 Blend
54$643,000$643,000$643,000$643,000
55$710,747$676,668$666,701$746,949
56$736,462$663,043$642,254$758,335
57$763,325$647,277$615,515$765,914
58$791,409$629,218$586,359$773,277
59$820,790$608,707$554,659$780,415
60$851,550$585,573$520,280$787,321
61$883,779$559,637$483,080$793,989
62$917,575$530,710$442,914$800,413
63$953,043$498,590$399,627$806,591
64$990,298$463,066$353,059$812,523
65$1,029,465$423,912$303,042$818,212
66$1,070,678$380,891$249,402$823,663
67$1,114,085$333,753$191,955$828,887
68$1,159,848$282,233$130,511$833,897
69$1,208,140$226,050$64,871$838,711
70$1,259,152$164,908$0$843,356
71$1,313,093$98,496$0$849,463
72$1,370,189$26,483$0$876,996
73$1,430,689$0$0$905,976
74$1,494,863$0$0$943,330
75$1,563,007$0$0$986,735
76$1,635,446$0$0$1,032,904
77$1,712,533$0$0$1,082,066
78$1,794,656$0$0$1,134,472
79$1,882,241$0$0$1,190,398
80$1,975,752$0$0$1,250,145
81$2,075,700$0$0$1,314,044
82$2,182,642$0$0$1,382,456
83$2,297,192$0$0$1,455,780
84$2,420,021$0$0$1,534,450
85$2,551,867$0$0$1,618,945
86$2,693,539$0$0$1,709,790
87$2,845,925$0$0$1,807,561
88$3,010,000$0$0$1,912,892
89$3,186,836$0$0$2,026,476
90$3,377,607$0$0$2,149,077
91$3,583,608$0$0$2,281,535
92$3,806,257$0$0$2,424,770
93$4,047,116$0$0$2,579,798
94$4,307,900$0$0$2,747,730
95$4,590,495$0$0$2,929,793
96$4,896,976$0$0$3,127,332
97$5,229,622$0$0$3,341,830
98$5,590,943$0$0$3,574,915
99$5,983,697$0$0$3,828,379
100$6,410,920$0$0$4,104,195