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%14.4%
1 years$53,098$52,625$52,164$51,714$51,274$50,341
2 years$26,286$25,797$25,322$24,862$24,416$23,480
3 years$17,350$16,858$16,385$15,929$15,491$14,580
4 years$12,883$12,393$11,924$11,476$11,048$10,170
5 years$10,203$9,716$9,254$8,815$8,399$7,556
6 years$8,417$7,934$7,478$7,049$6,645$5,839
7 years$7,142$6,663$6,215$5,796$5,405$4,634
8 years$6,186$5,711$5,270$4,862$4,484$3,749
9 years$5,443$4,973$4,539$4,141$3,776$3,077
10 years$4,849$4,383$3,958$3,570$3,217$2,553
11 years$4,364$3,902$3,484$3,107$2,767$2,137
12 years$3,959$3,502$3,092$2,725$2,398$1,801
13 years$3,617$3,165$2,763$2,406$2,091$1,527
14 years$3,324$2,877$2,482$2,136$1,833$1,300
15 years$3,070$2,628$2,241$1,905$1,614$1,111
16 years$2,849$2,411$2,032$1,705$1,426$953
17 years$2,653$2,221$1,849$1,532$1,265$820
18 years$2,480$2,052$1,688$1,381$1,124$706
19 years$2,325$1,902$1,545$1,248$1,002$610
20 years$2,185$1,767$1,418$1,130$895$528
21 years$2,059$1,646$1,304$1,026$801$457
22 years$1,945$1,537$1,202$933$718$396
23 years$1,841$1,437$1,110$849$645$344
24 years$1,745$1,347$1,027$775$579$299
25 years$1,658$1,264$951$707$521$260
26 years$1,577$1,188$882$647$470$226
27 years$1,502$1,118$819$592$423$197
28 years$1,433$1,053$761$542$382$172
29 years$1,369$994$708$497$345$150
30 years$1,309$938$660$456$312$130
31 years$1,253$887$615$419$282$114
32 years$1,201$839$574$385$255$99
33 years$1,152$795$536$354$231$87
34 years$1,105$753$501$326$209$76
35 years$1,062$715$468$300$189$66
36 years$1,021$678$438$276$171$58
37 years$983$644$410$255$155$50
38 years$946$612$384$235$141$44
39 years$912$582$360$216$128$38
40 years$879$554$337$200$116$34
41 years$848$527$316$184$105$29
42 years$819$502$296$170$95$26
43 years$791$478$278$157$87$22
44 years$764$456$261$145$79$20
45 years$739$435$245$134$71$17
46 years$714$415$230$124$65$15
47 years$691$396$216$114$59$13
48 years$669$378$203$106$53$11
49 years$648$361$191$98$49$10
50 years$628$345$180$90$44$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $643,000, adding $4,921 every year, while hoping to spend $36,336 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: 77/12/11 Blend
54$643,000$643,000$643,000$643,000
55$713,662$679,583$669,617$766,795
56$747,794$674,221$653,387$797,091
57$784,190$667,379$635,397$825,175
58$823,042$658,945$615,547$854,935
59$864,562$648,803$593,737$886,524
60$908,980$636,827$569,860$920,110
61$956,549$622,885$543,804$955,879
62$1,007,549$606,838$515,453$994,036
63$1,062,284$588,538$484,685$1,034,809
64$1,121,088$567,828$451,374$1,078,446
65$1,184,330$544,542$415,386$1,125,224
66$1,252,412$518,505$376,582$1,175,448
67$1,325,779$489,532$334,818$1,229,454
68$1,404,916$457,427$289,942$1,287,612
69$1,490,357$421,981$241,795$1,350,333
70$1,582,692$382,976$190,213$1,418,069
71$1,682,564$340,180$135,023$1,491,319
72$1,790,684$293,347$76,045$1,570,633
73$1,907,832$242,219$13,091$1,656,622
74$2,034,866$186,523$0$1,749,954
75$2,172,729$125,969$0$1,857,722
76$2,322,459$60,253$0$1,976,445
77$2,485,196$0$0$2,105,514
78$2,662,197$0$0$2,247,396
79$2,854,843$0$0$2,410,499
80$3,064,654$0$0$2,588,155
81$3,293,301$0$0$2,781,783
82$3,542,626$0$0$2,992,945
83$3,814,655$0$0$3,223,359
84$4,111,617$0$0$3,474,917
85$4,435,967$0$0$3,749,701
86$4,790,407$0$0$4,050,004
87$5,177,912$0$0$4,378,350
88$5,601,757$0$0$4,737,518
89$6,065,549$0$0$5,130,566
90$6,573,259$0$0$5,560,865
91$7,129,260$0$0$6,032,124
92$7,738,367$0$0$6,548,430
93$8,405,883$0$0$7,114,280
94$9,137,649$0$0$7,734,632
95$9,940,098$0$0$8,414,943
96$10,820,315$0$0$9,161,224
97$11,786,103$0$0$9,980,096
98$12,846,058$0$0$10,878,852
99$14,009,648$0$0$11,865,527
100$15,287,303$0$0$12,948,968