Can I retire at age 55 with 644,000?

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 $644,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$53,181$52,707$52,245$51,794$51,353$51,008
2 years$26,327$25,837$25,362$24,901$24,454$24,106
3 years$17,377$16,885$16,411$15,954$15,515$15,175
4 years$12,903$12,412$11,943$11,494$11,065$10,735
5 years$10,219$9,731$9,268$8,829$8,412$8,093
6 years$8,431$7,946$7,490$7,060$6,656$6,349
7 years$7,153$6,673$6,224$5,805$5,413$5,118
8 years$6,196$5,720$5,279$4,869$4,491$4,208
9 years$5,452$4,980$4,546$4,148$3,782$3,511
10 years$4,857$4,390$3,964$3,575$3,222$2,963
11 years$4,370$3,908$3,490$3,112$2,771$2,524
12 years$3,965$3,508$3,097$2,729$2,401$2,166
13 years$3,623$3,170$2,767$2,410$2,094$1,869
14 years$3,329$2,881$2,486$2,139$1,836$1,622
15 years$3,075$2,632$2,245$1,908$1,616$1,413
16 years$2,853$2,415$2,035$1,708$1,428$1,235
17 years$2,657$2,224$1,852$1,535$1,267$1,084
18 years$2,484$2,055$1,690$1,383$1,126$953
19 years$2,328$1,905$1,548$1,250$1,004$840
20 years$2,189$1,770$1,420$1,132$897$741
21 years$2,063$1,649$1,306$1,027$802$656
22 years$1,948$1,539$1,204$934$719$581
23 years$1,844$1,439$1,112$851$646$515
24 years$1,748$1,349$1,028$776$580$458
25 years$1,660$1,266$952$708$522$407
26 years$1,579$1,189$883$648$470$362
27 years$1,505$1,119$820$593$424$322
28 years$1,435$1,055$762$543$383$287
29 years$1,371$995$709$498$346$256
30 years$1,311$940$661$457$312$228
31 years$1,255$888$616$420$282$204
32 years$1,202$841$575$386$255$182
33 years$1,153$796$537$355$231$163
34 years$1,107$754$501$327$209$145
35 years$1,064$716$469$301$189$130
36 years$1,023$679$439$277$172$116
37 years$984$645$411$255$156$104
38 years$948$613$384$235$141$93
39 years$913$583$360$217$128$83
40 years$880$555$338$200$116$74
41 years$849$528$317$184$105$66
42 years$820$503$297$170$96$60
43 years$792$479$279$157$87$53
44 years$765$457$262$145$79$48
45 years$740$435$246$134$71$43
46 years$715$415$231$124$65$38
47 years$692$396$217$114$59$34
48 years$670$378$204$106$53$31
49 years$649$361$191$98$49$27
50 years$629$345$180$90$44$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $644,000, adding $6,854 every year, while hoping to spend $31,806 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: 81/9/10 Blend
54$644,000$644,000$644,000$644,000
55$716,758$682,626$672,644$773,118
56$756,026$682,233$661,336$810,661
57$798,233$680,755$648,584$846,975
58$843,646$678,105$634,304$885,885
59$892,557$674,191$618,412$927,634
60$945,286$668,916$600,818$972,491
61$1,002,188$662,175$581,427$1,020,751
62$1,063,648$653,859$560,143$1,072,739
63$1,130,094$643,851$536,861$1,128,815
64$1,201,992$632,028$511,474$1,189,373
65$1,279,858$618,260$483,871$1,254,848
66$1,364,257$602,409$453,934$1,325,721
67$1,455,811$584,326$421,541$1,402,520
68$1,555,204$563,859$386,563$1,485,829
69$1,663,188$540,842$348,866$1,576,289
70$1,780,592$515,101$308,312$1,674,608
71$1,908,325$486,454$264,753$1,781,568
72$2,047,389$454,705$218,038$1,898,027
73$2,198,888$419,650$168,006$2,024,936
74$2,364,032$381,072$114,493$2,163,338
75$2,544,159$338,739$57,324$2,314,386
76$2,740,737$292,411$0$2,479,350
77$2,955,384$241,831$0$2,660,024
78$3,189,880$186,728$0$2,864,111
79$3,446,185$126,815$0$3,087,211
80$3,726,459$61,792$0$3,331,221
81$4,033,076$0$0$3,598,233
82$4,368,653$0$0$3,891,408
83$4,736,072$0$0$4,219,117
84$5,138,505$0$0$4,578,072
85$5,579,445$0$0$4,971,392
86$6,062,742$0$0$5,402,510
87$6,592,631$0$0$5,875,210
88$7,173,781$0$0$6,393,657
89$7,811,332$0$0$6,962,439
90$8,510,947$0$0$7,586,611
91$9,278,863$0$0$8,271,740
92$10,121,951$0$0$9,023,957
93$11,047,777$0$0$9,850,018
94$12,064,679$0$0$10,757,365
95$13,181,841$0$0$11,754,194
96$14,409,380$0$0$12,849,537
97$15,758,443$0$0$14,053,341
98$17,241,308$0$0$15,376,568
99$18,871,504$0$0$16,831,293
100$20,663,935$0$0$18,430,818