Can I retire at age 55 with 647,000?

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 $647,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$53,429$52,953$52,488$52,035$51,593$49,861
2 years$26,450$25,957$25,480$25,017$24,568$22,841
3 years$17,458$16,963$16,487$16,029$15,587$13,918
4 years$12,963$12,470$11,998$11,548$11,117$9,519
5 years$10,267$9,777$9,311$8,870$8,451$6,928
6 years$8,470$7,983$7,525$7,093$6,687$5,241
7 years$7,187$6,704$6,253$5,832$5,438$4,069
8 years$6,225$5,747$5,303$4,892$4,511$3,217
9 years$5,477$5,004$4,568$4,167$3,799$2,579
10 years$4,879$4,410$3,982$3,592$3,237$2,089
11 years$4,391$3,926$3,506$3,126$2,784$1,705
12 years$3,984$3,524$3,111$2,742$2,413$1,401
13 years$3,639$3,185$2,780$2,421$2,104$1,157
14 years$3,345$2,895$2,498$2,149$1,844$959
15 years$3,090$2,645$2,255$1,916$1,624$798
16 years$2,866$2,426$2,045$1,716$1,435$665
17 years$2,670$2,235$1,860$1,542$1,272$556
18 years$2,495$2,065$1,698$1,389$1,131$466
19 years$2,339$1,914$1,555$1,255$1,008$391
20 years$2,199$1,778$1,427$1,137$901$328
21 years$2,072$1,656$1,312$1,032$806$276
22 years$1,957$1,546$1,210$938$723$232
23 years$1,852$1,446$1,117$855$649$195
24 years$1,756$1,355$1,033$779$583$165
25 years$1,668$1,271$957$712$525$139
26 years$1,587$1,195$887$651$473$117
27 years$1,512$1,125$824$596$426$99
28 years$1,442$1,060$766$546$384$83
29 years$1,377$1,000$713$501$347$70
30 years$1,317$944$664$459$314$59
31 years$1,261$893$619$422$284$50
32 years$1,208$845$577$388$257$42
33 years$1,159$800$539$357$232$36
34 years$1,112$758$504$328$210$30
35 years$1,069$719$471$302$190$26
36 years$1,028$682$441$278$172$22
37 years$989$648$412$256$156$18
38 years$952$616$386$236$142$15
39 years$917$586$362$218$129$13
40 years$885$557$339$201$117$11
41 years$853$530$318$185$106$9
42 years$824$505$298$171$96$8
43 years$796$481$280$158$87$7
44 years$769$459$263$146$79$6
45 years$743$438$247$135$72$5
46 years$719$417$232$124$65$4
47 years$696$398$218$115$59$3
48 years$673$380$205$106$54$3
49 years$652$363$192$98$49$2
50 years$632$347$181$91$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $647,000, adding $4,920 every year, while hoping to spend $28,147 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: 51/27/22 Blend
54$647,000$647,000$647,000$647,000
55$718,069$683,778$673,749$750,057
56$761,364$687,335$666,372$776,263
57$808,131$690,123$657,804$801,458
58$858,696$692,074$647,976$828,265
59$913,415$693,117$636,814$856,848
60$972,679$693,176$624,244$887,390
61$1,036,921$692,170$610,184$920,091
62$1,106,614$690,013$594,552$955,174
63$1,182,279$686,614$577,260$992,888
64$1,264,489$681,877$558,217$1,033,505
65$1,353,876$675,698$537,326$1,077,330
66$1,451,134$667,969$514,489$1,124,700
67$1,557,025$658,576$489,600$1,175,987
68$1,672,391$647,395$462,550$1,231,604
69$1,798,155$634,297$433,226$1,292,008
70$1,935,335$619,146$401,507$1,357,706
71$2,085,051$601,796$367,270$1,429,256
72$2,248,536$582,094$330,383$1,507,280
73$2,427,147$559,877$290,711$1,592,463
74$2,622,378$534,973$248,112$1,685,563
75$2,835,874$507,200$202,437$1,787,421
76$3,069,446$476,366$153,532$1,898,964
77$3,325,088$442,266$101,234$2,021,218
78$3,604,996$404,687$45,374$2,155,319
79$3,911,589$363,399$0$2,302,521
80$4,247,529$318,163$0$2,467,554
81$4,615,748$268,725$0$2,660,191
82$5,019,478$214,816$0$2,871,509
83$5,462,276$156,153$0$3,103,428
84$5,948,059$92,435$0$3,358,064
85$6,481,144$23,348$0$3,637,753
86$7,066,284$0$0$3,945,072
87$7,708,718$0$0$4,298,147
88$8,414,211$0$0$4,693,568
89$9,189,121$0$0$5,127,968
90$10,040,445$0$0$5,605,280
91$10,975,897$0$0$6,129,837
92$12,003,972$0$0$6,706,412
93$13,134,029$0$0$7,340,265
94$14,376,381$0$0$8,037,189
95$15,742,386$0$0$8,803,569
96$17,244,562$0$0$9,646,437
97$18,896,698$0$0$10,573,542
98$20,713,987$0$0$11,593,421
99$22,713,170$0$0$12,715,482
100$24,912,689$0$0$13,950,088