Can I retire at age 55 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$53,263$52,789$52,326$51,874$51,433$50,436
2 years$26,368$25,877$25,401$24,940$24,492$23,491
3 years$17,404$16,911$16,436$15,979$15,539$14,566
4 years$12,923$12,431$11,961$11,512$11,082$10,145
5 years$10,235$9,746$9,282$8,842$8,425$7,525
6 years$8,444$7,959$7,502$7,071$6,666$5,805
7 years$7,165$6,684$6,234$5,814$5,421$4,600
8 years$6,206$5,729$5,287$4,877$4,498$3,715
9 years$5,460$4,988$4,554$4,154$3,788$3,043
10 years$4,864$4,397$3,970$3,581$3,227$2,521
11 years$4,377$3,914$3,495$3,116$2,775$2,106
12 years$3,971$3,513$3,102$2,734$2,405$1,772
13 years$3,628$3,175$2,771$2,413$2,097$1,499
14 years$3,334$2,886$2,490$2,142$1,839$1,274
15 years$3,080$2,636$2,248$1,911$1,619$1,086
16 years$2,858$2,419$2,038$1,711$1,431$930
17 years$2,662$2,228$1,855$1,537$1,269$798
18 years$2,488$2,058$1,693$1,385$1,128$686
19 years$2,332$1,908$1,550$1,252$1,005$591
20 years$2,192$1,773$1,422$1,134$898$510
21 years$2,066$1,651$1,308$1,029$804$441
22 years$1,951$1,541$1,206$935$720$381
23 years$1,847$1,442$1,113$852$647$330
24 years$1,751$1,351$1,030$777$581$286
25 years$1,663$1,268$954$710$523$248
26 years$1,582$1,191$885$649$471$216
27 years$1,507$1,121$821$594$425$187
28 years$1,438$1,056$764$544$383$163
29 years$1,373$997$711$499$346$142
30 years$1,313$941$662$458$313$123
31 years$1,257$890$617$421$283$107
32 years$1,204$842$576$387$256$93
33 years$1,155$797$538$355$231$81
34 years$1,109$756$502$327$210$71
35 years$1,065$717$470$301$190$62
36 years$1,024$680$439$277$172$54
37 years$986$646$411$255$156$47
38 years$949$614$385$235$141$41
39 years$915$584$361$217$128$35
40 years$882$556$338$200$116$31
41 years$851$529$317$185$105$27
42 years$821$504$297$171$96$23
43 years$793$480$279$157$87$20
44 years$766$457$262$145$79$18
45 years$741$436$246$134$72$16
46 years$717$416$231$124$65$14
47 years$693$397$217$115$59$12
48 years$671$379$204$106$54$10
49 years$650$362$192$98$49$9
50 years$630$346$180$90$44$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $645,000, adding $3,167 every year, while hoping to spend $30,117 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: 48/23/29 Blend
54$645,000$645,000$645,000$645,000
55$714,057$679,872$669,874$742,283
56$754,846$681,141$660,271$763,757
57$798,787$681,463$649,336$783,871
58$846,168$680,760$636,994$805,138
59$897,309$678,949$623,165$827,682
60$952,558$675,941$607,764$851,642
61$1,012,299$671,642$590,705$877,173
62$1,076,956$665,955$571,895$904,447
63$1,146,991$658,773$551,240$933,654
64$1,222,916$649,984$528,638$965,009
65$1,305,292$639,472$503,986$998,748
66$1,394,736$627,110$477,173$1,035,135
67$1,491,926$612,766$448,086$1,074,462
68$1,597,610$596,299$416,605$1,117,056
69$1,712,610$577,561$382,604$1,163,277
70$1,837,829$556,394$345,954$1,213,527
71$1,974,261$532,632$306,518$1,268,250
72$2,123,003$506,098$264,153$1,327,942
73$2,285,258$476,606$218,712$1,393,149
74$2,462,354$443,958$170,037$1,464,480
75$2,655,749$407,947$117,968$1,542,608
76$2,867,050$368,352$62,336$1,628,278
77$3,098,028$324,939$2,962$1,722,318
78$3,350,629$277,464$0$1,825,643
79$3,626,999$225,665$0$1,957,958
80$3,929,498$169,268$0$2,103,887
81$4,260,727$107,982$0$2,263,820
82$4,623,550$41,502$0$2,439,195
83$5,021,120$0$0$2,631,604
84$5,456,910$0$0$2,850,517
85$5,934,746$0$0$3,102,140
86$6,458,839$0$0$3,378,195
87$7,033,831$0$0$3,681,137
88$7,664,831$0$0$4,013,668
89$8,357,471$0$0$4,378,764
90$9,117,951$0$0$4,779,704
91$9,953,102$0$0$5,220,101
92$10,870,450$0$0$5,703,933
93$11,878,284$0$0$6,235,585
94$12,985,738$0$0$6,819,886
95$14,202,872$0$0$7,462,156
96$15,540,770$0$0$8,168,257
97$17,011,644$0$0$8,944,647
98$18,628,947$0$0$9,798,439
99$20,407,501$0$0$10,737,474
100$22,363,638$0$0$11,770,388