Can I retire at age 55 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$53,346$52,871$52,407$51,955$51,513$50,639
2 years$26,409$25,917$25,440$24,978$24,530$23,652
3 years$17,431$16,937$16,462$16,004$15,563$14,708
4 years$12,943$12,451$11,980$11,530$11,100$10,275
5 years$10,251$9,761$9,297$8,856$8,438$7,646
6 years$8,457$7,971$7,513$7,082$6,676$5,918
7 years$7,176$6,694$6,244$5,823$5,430$4,705
8 years$6,215$5,738$5,295$4,885$4,504$3,813
9 years$5,469$4,996$4,561$4,161$3,793$3,135
10 years$4,872$4,404$3,976$3,586$3,232$2,606
11 years$4,384$3,920$3,500$3,121$2,780$2,185
12 years$3,977$3,519$3,107$2,738$2,409$1,846
13 years$3,634$3,180$2,775$2,417$2,101$1,567
14 years$3,340$2,890$2,494$2,146$1,841$1,337
15 years$3,085$2,640$2,252$1,913$1,621$1,146
16 years$2,862$2,423$2,041$1,713$1,433$985
17 years$2,666$2,231$1,858$1,539$1,271$848
18 years$2,491$2,062$1,696$1,387$1,130$733
19 years$2,336$1,911$1,552$1,254$1,007$634
20 years$2,196$1,775$1,425$1,135$899$550
21 years$2,069$1,654$1,310$1,030$805$477
22 years$1,954$1,544$1,208$937$721$415
23 years$1,849$1,444$1,115$853$648$361
24 years$1,754$1,353$1,031$778$582$314
25 years$1,665$1,270$955$711$524$274
26 years$1,584$1,193$886$650$472$239
27 years$1,509$1,123$823$595$425$209
28 years$1,440$1,058$765$545$384$182
29 years$1,375$998$712$500$347$159
30 years$1,315$943$663$459$313$139
31 years$1,259$891$618$421$283$122
32 years$1,206$843$577$387$256$106
33 years$1,157$799$538$356$232$93
34 years$1,111$757$503$328$210$81
35 years$1,067$718$470$302$190$71
36 years$1,026$681$440$278$172$62
37 years$987$647$412$256$156$55
38 years$951$615$386$236$142$48
39 years$916$585$361$217$128$42
40 years$883$556$339$201$116$37
41 years$852$530$318$185$106$32
42 years$822$504$298$171$96$28
43 years$794$481$279$158$87$25
44 years$768$458$262$146$79$22
45 years$742$437$246$134$72$19
46 years$718$417$231$124$65$17
47 years$694$398$217$115$59$15
48 years$672$380$204$106$54$13
49 years$651$363$192$98$49$11
50 years$631$346$181$91$44$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $646,000, adding $5,690 every year, while hoping to spend $20,824 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: 78/6/16 Blend
54$646,000$646,000$646,000$646,000
55$717,761$683,523$673,510$770,836
56$768,816$694,859$673,916$817,964
57$824,381$706,053$673,638$866,445
58$884,894$717,075$672,630$919,049
59$950,836$727,895$670,846$976,182
60$1,022,738$738,479$668,237$1,038,288
61$1,101,184$748,791$664,750$1,105,859
62$1,186,817$758,794$660,331$1,179,436
63$1,280,343$768,446$654,923$1,259,614
64$1,382,542$777,703$648,467$1,347,052
65$1,494,271$786,521$640,900$1,442,472
66$1,616,474$794,847$632,157$1,546,672
67$1,750,189$802,630$622,170$1,660,530
68$1,896,562$809,812$610,866$1,785,016
69$2,056,852$816,334$598,171$1,921,195
70$2,232,448$822,131$584,006$2,070,244
71$2,424,876$827,134$568,289$2,233,458
72$2,635,821$831,271$550,934$2,412,267
73$2,867,136$834,465$531,852$2,608,242
74$3,120,863$836,632$510,948$2,823,119
75$3,399,250$837,686$488,124$3,058,809
76$3,704,774$837,534$463,277$3,317,417
77$4,040,165$836,076$436,300$3,601,267
78$4,408,426$833,208$407,080$3,912,915
79$4,812,869$828,819$375,501$4,255,181
80$5,257,141$822,791$341,440$4,631,173
81$5,745,260$814,998$304,768$5,044,315
82$6,281,651$805,307$265,353$5,498,381
83$6,871,191$793,579$223,054$5,997,530
84$7,519,251$779,664$177,725$6,546,348
85$8,231,751$763,403$129,215$7,149,885
86$9,015,210$744,630$77,364$7,813,710
87$9,876,812$723,168$22,006$8,543,959
88$10,824,472$698,828$0$9,347,396
89$11,866,910$671,413$0$10,237,802
90$13,013,735$640,712$0$11,221,484
91$14,275,533$606,504$0$12,303,766
92$15,663,968$568,553$0$13,494,660
93$17,191,891$526,610$0$14,805,197
94$18,873,464$480,414$0$16,247,532
95$20,724,289$429,686$0$17,835,058
96$22,761,559$374,133$0$19,582,536
97$25,004,217$313,445$0$21,506,229
98$27,473,137$247,294$0$23,624,057
99$30,191,320$175,334$0$25,955,770
100$33,184,108$97,199$0$28,523,128