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%14.3%
1 years$53,346$52,871$52,407$51,955$51,513$50,597
2 years$26,409$25,917$25,440$24,978$24,530$23,610
3 years$17,431$16,937$16,462$16,004$15,563$14,668
4 years$12,943$12,451$11,980$11,530$11,100$10,237
5 years$10,251$9,761$9,297$8,856$8,438$7,609
6 years$8,457$7,971$7,513$7,082$6,676$5,883
7 years$7,176$6,694$6,244$5,823$5,430$4,672
8 years$6,215$5,738$5,295$4,885$4,504$3,782
9 years$5,469$4,996$4,561$4,161$3,793$3,106
10 years$4,872$4,404$3,976$3,586$3,232$2,579
11 years$4,384$3,920$3,500$3,121$2,780$2,160
12 years$3,977$3,519$3,107$2,738$2,409$1,821
13 years$3,634$3,180$2,775$2,417$2,101$1,545
14 years$3,340$2,890$2,494$2,146$1,841$1,316
15 years$3,085$2,640$2,252$1,913$1,621$1,126
16 years$2,862$2,423$2,041$1,713$1,433$966
17 years$2,666$2,231$1,858$1,539$1,271$832
18 years$2,491$2,062$1,696$1,387$1,130$717
19 years$2,336$1,911$1,552$1,254$1,007$620
20 years$2,196$1,775$1,425$1,135$899$537
21 years$2,069$1,654$1,310$1,030$805$465
22 years$1,954$1,544$1,208$937$721$404
23 years$1,849$1,444$1,115$853$648$351
24 years$1,754$1,353$1,031$778$582$305
25 years$1,665$1,270$955$711$524$265
26 years$1,584$1,193$886$650$472$231
27 years$1,509$1,123$823$595$425$201
28 years$1,440$1,058$765$545$384$176
29 years$1,375$998$712$500$347$153
30 years$1,315$943$663$459$313$134
31 years$1,259$891$618$421$283$117
32 years$1,206$843$577$387$256$102
33 years$1,157$799$538$356$232$89
34 years$1,111$757$503$328$210$78
35 years$1,067$718$470$302$190$68
36 years$1,026$681$440$278$172$59
37 years$987$647$412$256$156$52
38 years$951$615$386$236$142$45
39 years$916$585$361$217$128$40
40 years$883$556$339$201$116$35
41 years$852$530$318$185$106$30
42 years$822$504$298$171$96$26
43 years$794$481$279$158$87$23
44 years$768$458$262$146$79$20
45 years$742$437$246$134$72$18
46 years$718$417$231$124$65$15
47 years$694$398$217$115$59$14
48 years$672$380$204$106$54$12
49 years$651$363$192$98$49$10
50 years$631$346$181$91$44$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $646,000, adding $5,027 every year, while hoping to spend $35,176 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: 77/11/12 Blend
54$646,000$646,000$646,000$646,000
55$717,077$682,839$672,826$770,250
56$752,792$678,871$657,939$801,999
57$790,971$673,530$641,374$831,828
58$831,828$666,711$623,038$863,543
59$875,598$658,304$602,833$897,318
60$922,539$648,190$580,658$933,345
61$972,933$636,246$556,405$971,838
62$1,027,090$622,341$529,963$1,013,030
63$1,085,352$606,334$501,215$1,057,180
64$1,148,091$588,078$470,039$1,104,572
65$1,215,719$567,416$436,308$1,155,523
66$1,288,686$544,183$399,888$1,210,378
67$1,367,488$518,204$360,641$1,269,521
68$1,452,670$489,294$318,420$1,333,375
69$1,544,830$457,257$273,075$1,402,406
70$1,644,626$421,886$224,446$1,477,129
71$1,752,781$382,962$172,368$1,558,113
72$1,870,090$340,253$116,668$1,645,984
73$1,997,429$293,514$57,166$1,741,433
74$2,135,758$242,489$0$1,845,225
75$2,286,137$186,902$0$1,959,012
76$2,449,730$126,467$0$2,090,776
77$2,627,816$60,878$0$2,234,243
78$2,821,807$0$0$2,390,569
79$3,033,251$0$0$2,562,267
80$3,263,857$0$0$2,757,581
81$3,515,504$0$0$2,970,737
82$3,790,258$0$0$3,203,489
83$4,090,396$0$0$3,457,768
84$4,418,425$0$0$3,735,701
85$4,777,103$0$0$4,039,629
86$5,169,469$0$0$4,372,128
87$5,598,866$0$0$4,736,036
88$6,068,979$0$0$5,134,478
89$6,583,862$0$0$5,570,896
90$7,147,983$0$0$6,049,078
91$7,766,260$0$0$6,573,198
92$8,444,110$0$0$7,147,852
93$9,187,500$0$0$7,778,103
94$10,003,003$0$0$8,469,527
95$10,897,855$0$0$9,228,264
96$11,880,030$0$0$10,061,081
97$12,958,311$0$0$10,975,428
98$14,142,371$0$0$11,979,514
99$15,442,869$0$0$13,082,381
100$16,871,544$0$0$14,293,992