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%16.9%
1 years$53,181$52,707$52,245$51,794$51,353$49,910
2 years$26,327$25,837$25,362$24,901$24,454$23,010
3 years$17,377$16,885$16,411$15,954$15,515$14,116
4 years$12,903$12,412$11,943$11,494$11,065$9,723
5 years$10,219$9,731$9,268$8,829$8,412$7,129
6 years$8,431$7,946$7,490$7,060$6,656$5,435
7 years$7,153$6,673$6,224$5,805$5,413$4,253
8 years$6,196$5,720$5,279$4,869$4,491$3,391
9 years$5,452$4,980$4,546$4,148$3,782$2,741
10 years$4,857$4,390$3,964$3,575$3,222$2,240
11 years$4,370$3,908$3,490$3,112$2,771$1,845
12 years$3,965$3,508$3,097$2,729$2,401$1,530
13 years$3,623$3,170$2,767$2,410$2,094$1,275
14 years$3,329$2,881$2,486$2,139$1,836$1,068
15 years$3,075$2,632$2,245$1,908$1,616$897
16 years$2,853$2,415$2,035$1,708$1,428$756
17 years$2,657$2,224$1,852$1,535$1,267$638
18 years$2,484$2,055$1,690$1,383$1,126$540
19 years$2,328$1,905$1,548$1,250$1,004$458
20 years$2,189$1,770$1,420$1,132$897$388
21 years$2,063$1,649$1,306$1,027$802$330
22 years$1,948$1,539$1,204$934$719$281
23 years$1,844$1,439$1,112$851$646$239
24 years$1,748$1,349$1,028$776$580$204
25 years$1,660$1,266$952$708$522$174
26 years$1,579$1,189$883$648$470$148
27 years$1,505$1,119$820$593$424$126
28 years$1,435$1,055$762$543$383$108
29 years$1,371$995$709$498$346$92
30 years$1,311$940$661$457$312$79
31 years$1,255$888$616$420$282$67
32 years$1,202$841$575$386$255$57
33 years$1,153$796$537$355$231$49
34 years$1,107$754$501$327$209$42
35 years$1,064$716$469$301$189$36
36 years$1,023$679$439$277$172$31
37 years$984$645$411$255$156$26
38 years$948$613$384$235$141$22
39 years$913$583$360$217$128$19
40 years$880$555$338$200$116$16
41 years$849$528$317$184$105$14
42 years$820$503$297$170$96$12
43 years$792$479$279$157$87$10
44 years$765$457$262$145$79$9
45 years$740$435$246$134$71$7
46 years$715$415$231$124$65$6
47 years$692$396$217$114$59$5
48 years$670$378$204$106$53$5
49 years$649$361$191$98$49$4
50 years$629$345$180$90$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $644,000, adding $6,419 every year, while hoping to spend $20,653 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: 75/13/12 Blend
54$644,000$644,000$644,000$644,000
55$716,309$682,177$672,195$767,848
56$767,398$693,629$672,739$814,187
57$823,006$704,950$672,609$861,735
58$883,572$716,112$671,761$913,271
59$949,579$727,084$670,147$969,186
60$1,021,559$737,834$667,720$1,029,909
61$1,100,097$748,327$664,428$1,095,912
62$1,185,838$758,527$660,217$1,167,715
63$1,279,491$768,392$655,032$1,245,894
64$1,381,836$777,880$648,813$1,331,080
65$1,493,733$786,946$641,498$1,423,969
66$1,616,129$795,542$633,023$1,525,330
67$1,750,065$803,614$623,321$1,636,008
68$1,896,689$811,109$612,320$1,756,935
69$2,057,265$817,966$599,945$1,889,138
70$2,233,183$824,124$586,121$2,033,750
71$2,425,977$829,515$570,765$2,192,017
72$2,637,333$834,067$553,792$2,365,315
73$2,869,110$837,706$535,113$2,555,157
74$3,123,356$840,351$514,636$2,763,215
75$3,402,326$841,915$492,264$2,991,327
76$3,708,502$842,308$467,894$3,241,521
77$4,044,621$841,433$441,420$3,516,033
78$4,413,697$839,188$412,732$3,817,325
79$4,819,049$835,463$381,714$4,148,113
80$5,264,335$830,143$348,244$4,511,388
81$5,753,582$823,106$312,195$4,910,447
82$6,291,230$814,220$273,436$5,348,925
83$6,882,167$803,349$231,828$5,830,826
84$7,531,781$790,345$187,227$6,360,566
85$8,246,006$775,056$139,482$6,943,010
86$9,031,380$757,315$88,436$7,583,520
87$9,895,107$736,950$33,926$8,288,005
88$10,845,124$713,776$0$9,062,980
89$11,890,175$687,600$0$9,918,727
90$13,039,896$658,215$0$10,864,892
91$14,304,900$625,403$0$11,905,871
92$15,696,886$588,933$0$13,051,297
93$17,228,740$548,563$0$14,311,791
94$18,914,663$504,033$0$15,699,053
95$20,770,300$455,073$0$17,225,977
96$22,812,892$401,393$0$18,906,772
97$25,061,436$342,689$0$20,757,099
98$27,536,861$278,640$0$22,794,213
99$30,262,234$208,907$0$25,037,129
100$33,262,968$133,130$0$27,506,805