Can I retire at age 55 with 648,000?

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 $648,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$53,511$53,035$52,570$52,116$51,672$50,921
2 years$26,491$25,997$25,519$25,056$24,606$23,851
3 years$17,485$16,990$16,513$16,053$15,611$14,875
4 years$12,983$12,489$12,017$11,566$11,134$10,423
5 years$10,283$9,792$9,326$8,883$8,464$7,780
6 years$8,483$7,996$7,537$7,104$6,697$6,042
7 years$7,198$6,715$6,263$5,841$5,447$4,819
8 years$6,235$5,756$5,311$4,900$4,518$3,919
9 years$5,486$5,011$4,575$4,173$3,805$3,234
10 years$4,887$4,417$3,988$3,598$3,242$2,698
11 years$4,397$3,932$3,511$3,131$2,788$2,271
12 years$3,990$3,530$3,116$2,746$2,416$1,925
13 years$3,645$3,190$2,784$2,425$2,107$1,642
14 years$3,350$2,899$2,502$2,152$1,847$1,406
15 years$3,094$2,649$2,259$1,919$1,626$1,210
16 years$2,871$2,430$2,048$1,719$1,437$1,044
17 years$2,674$2,238$1,863$1,544$1,274$904
18 years$2,499$2,068$1,701$1,392$1,133$784
19 years$2,343$1,917$1,557$1,257$1,010$681
20 years$2,202$1,781$1,429$1,139$902$593
21 years$2,075$1,659$1,314$1,034$807$517
22 years$1,960$1,549$1,211$940$724$452
23 years$1,855$1,448$1,119$856$650$395
24 years$1,759$1,357$1,035$781$584$346
25 years$1,671$1,273$958$713$525$303
26 years$1,589$1,197$889$652$473$265
27 years$1,514$1,126$825$597$427$233
28 years$1,444$1,061$767$547$385$204
29 years$1,379$1,001$714$501$348$179
30 years$1,319$946$665$460$314$157
31 years$1,263$894$620$423$284$138
32 years$1,210$846$578$388$257$122
33 years$1,160$801$540$357$232$107
34 years$1,114$759$505$329$210$94
35 years$1,070$720$472$302$191$83
36 years$1,029$683$441$279$173$73
37 years$990$649$413$257$157$64
38 years$954$617$387$237$142$56
39 years$919$587$362$218$129$50
40 years$886$558$340$201$117$44
41 years$855$531$319$186$106$38
42 years$825$506$299$171$96$34
43 years$797$482$280$158$87$30
44 years$770$460$263$146$79$26
45 years$744$438$247$135$72$23
46 years$720$418$232$125$65$20
47 years$697$399$218$115$59$18
48 years$674$381$205$106$54$16
49 years$653$364$193$98$49$14
50 years$633$347$181$91$44$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $648,000, adding $3,629 every year, while hoping to spend $41,762 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: 37/42/21 Blend
54$648,000$648,000$648,000$648,000
55$717,839$683,495$673,451$739,744
56$746,624$672,552$651,577$745,061
57$776,946$659,673$627,571$746,631
58$808,917$644,719$601,317$747,475
59$842,659$627,543$572,694$747,551
60$878,307$607,990$541,576$746,817
61$916,006$585,893$507,831$745,233
62$955,917$561,080$471,321$742,757
63$998,212$533,364$431,902$739,346
64$1,043,082$502,552$389,423$734,961
65$1,090,735$468,435$343,727$729,560
66$1,141,399$430,797$294,651$723,104
67$1,195,321$389,406$242,021$715,557
68$1,252,775$344,018$185,660$706,882
69$1,314,058$294,375$125,380$697,048
70$1,379,498$240,205$60,986$686,025
71$1,449,451$181,220$0$673,789
72$1,524,311$117,116$0$662,051
73$1,604,508$47,572$0$663,762
74$1,690,514$0$0$665,285
75$1,782,846$0$0$679,497
76$1,882,072$0$0$718,461
77$1,988,817$0$0$760,444
78$2,103,766$0$0$805,723
79$2,227,670$0$0$854,604
80$2,361,355$0$0$907,421
81$2,505,731$0$0$964,544
82$2,661,793$0$0$1,026,376
83$2,830,639$0$0$1,093,365
84$3,013,473$0$0$1,165,999
85$3,211,621$0$0$1,244,816
86$3,426,539$0$0$1,330,409
87$3,659,830$0$0$1,423,429
88$3,913,256$0$0$1,524,593
89$4,188,755$0$0$1,634,688
90$4,488,460$0$0$1,754,583
91$4,814,718$0$0$1,885,232
92$5,170,109$0$0$2,027,684
93$5,557,475$0$0$2,183,097
94$5,979,943$0$0$2,352,743
95$6,440,954$0$0$2,538,022
96$6,944,297$0$0$2,740,476
97$7,494,141$0$0$2,961,803
98$8,095,077$0$0$3,203,872
99$8,752,160$0$0$3,468,742
100$9,470,954$0$0$3,758,677