Can I retire at age 55 with 643,000?

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 $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%18.2%
1 years$53,098$52,625$52,164$51,714$51,274$49,573
2 years$26,286$25,797$25,322$24,862$24,416$22,719
3 years$17,350$16,858$16,385$15,929$15,491$13,851
4 years$12,883$12,393$11,924$11,476$11,048$9,478
5 years$10,203$9,716$9,254$8,815$8,399$6,902
6 years$8,417$7,934$7,478$7,049$6,645$5,224
7 years$7,142$6,663$6,215$5,796$5,405$4,058
8 years$6,186$5,711$5,270$4,862$4,484$3,211
9 years$5,443$4,973$4,539$4,141$3,776$2,575
10 years$4,849$4,383$3,958$3,570$3,217$2,087
11 years$4,364$3,902$3,484$3,107$2,767$1,705
12 years$3,959$3,502$3,092$2,725$2,398$1,402
13 years$3,617$3,165$2,763$2,406$2,091$1,158
14 years$3,324$2,877$2,482$2,136$1,833$961
15 years$3,070$2,628$2,241$1,905$1,614$800
16 years$2,849$2,411$2,032$1,705$1,426$667
17 years$2,653$2,221$1,849$1,532$1,265$558
18 years$2,480$2,052$1,688$1,381$1,124$468
19 years$2,325$1,902$1,545$1,248$1,002$393
20 years$2,185$1,767$1,418$1,130$895$330
21 years$2,059$1,646$1,304$1,026$801$278
22 years$1,945$1,537$1,202$933$718$234
23 years$1,841$1,437$1,110$849$645$197
24 years$1,745$1,347$1,027$775$579$166
25 years$1,658$1,264$951$707$521$140
26 years$1,577$1,188$882$647$470$118
27 years$1,502$1,118$819$592$423$100
28 years$1,433$1,053$761$542$382$84
29 years$1,369$994$708$497$345$71
30 years$1,309$938$660$456$312$60
31 years$1,253$887$615$419$282$51
32 years$1,201$839$574$385$255$43
33 years$1,152$795$536$354$231$36
34 years$1,105$753$501$326$209$31
35 years$1,062$715$468$300$189$26
36 years$1,021$678$438$276$171$22
37 years$983$644$410$255$155$19
38 years$946$612$384$235$141$16
39 years$912$582$360$216$128$13
40 years$879$554$337$200$116$11
41 years$848$527$316$184$105$10
42 years$819$502$296$170$95$8
43 years$791$478$278$157$87$7
44 years$764$456$261$145$79$6
45 years$739$435$245$134$71$5
46 years$714$415$230$124$65$4
47 years$691$396$216$114$59$3
48 years$669$378$203$106$53$3
49 years$648$361$191$98$49$2
50 years$628$345$180$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $643,000, adding $6,495 every year, while hoping to spend $45,462 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: 31/40/29 Blend
54$643,000$643,000$643,000$643,000
55$715,286$681,207$671,240$730,963
56$739,874$666,214$645,355$728,669
57$765,446$648,964$617,080$721,785
58$792,055$629,297$586,285$713,489
59$819,756$607,044$552,838$703,690
60$848,611$582,030$516,598$692,291
61$878,685$554,064$477,419$679,193
62$910,046$522,949$435,149$664,290
63$942,771$488,474$389,626$647,472
64$976,941$450,416$340,686$628,624
65$1,012,644$408,541$288,154$607,624
66$1,049,974$362,600$231,847$584,346
67$1,089,034$312,330$171,576$558,659
68$1,129,934$257,453$107,143$530,424
69$1,172,796$197,677$38,341$499,499
70$1,217,750$132,691$0$465,731
71$1,264,936$62,169$0$439,822
72$1,314,510$0$0$424,119
73$1,366,637$0$0$412,914
74$1,421,499$0$0$429,957
75$1,479,295$0$0$447,948
76$1,540,239$0$0$466,959
77$1,604,567$0$0$487,069
78$1,672,533$0$0$508,364
79$1,744,417$0$0$530,936
80$1,820,524$0$0$554,889
81$1,901,186$0$0$580,333
82$1,986,768$0$0$607,391
83$2,077,666$0$0$636,197
84$2,174,315$0$0$666,896
85$2,277,192$0$0$699,651
86$2,386,816$0$0$734,635
87$2,503,759$0$0$772,041
88$2,628,645$0$0$812,081
89$2,762,159$0$0$854,985
90$2,905,050$0$0$901,008
91$3,058,143$0$0$950,428
92$3,222,340$0$0$1,003,551
93$3,398,632$0$0$1,060,712
94$3,588,105$0$0$1,122,279
95$3,791,953$0$0$1,188,658
96$4,011,486$0$0$1,260,292
97$4,248,143$0$0$1,337,670
98$4,503,505$0$0$1,421,329
99$4,779,308$0$0$1,511,859
100$5,077,461$0$0$1,609,907