Can I retire at age 55 with 649,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $649,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$53,594$53,116$52,651$52,196$51,752$51,319
2 years$26,532$26,037$25,559$25,094$24,644$24,207
3 years$17,512$17,016$16,538$16,078$15,635$15,208
4 years$13,003$12,508$12,035$11,583$11,151$10,738
5 years$10,299$9,807$9,340$8,897$8,477$8,078
6 years$8,496$8,008$7,548$7,115$6,707$6,324
7 years$7,209$6,725$6,273$5,850$5,455$5,087
8 years$6,244$5,765$5,320$4,907$4,525$4,172
9 years$5,494$5,019$4,582$4,180$3,811$3,473
10 years$4,895$4,424$3,994$3,603$3,247$2,924
11 years$4,404$3,939$3,517$3,136$2,793$2,485
12 years$3,996$3,535$3,121$2,750$2,420$2,126
13 years$3,651$3,195$2,788$2,428$2,110$1,831
14 years$3,355$2,904$2,505$2,156$1,850$1,584
15 years$3,099$2,653$2,262$1,922$1,629$1,377
16 years$2,875$2,434$2,051$1,721$1,440$1,200
17 years$2,678$2,241$1,866$1,547$1,276$1,050
18 years$2,503$2,071$1,704$1,394$1,135$921
19 years$2,346$1,920$1,560$1,259$1,012$809
20 years$2,206$1,784$1,431$1,141$904$712
21 years$2,079$1,661$1,317$1,035$809$628
22 years$1,963$1,551$1,213$941$725$555
23 years$1,858$1,451$1,120$857$651$491
24 years$1,762$1,359$1,036$782$585$434
25 years$1,673$1,275$960$714$526$385
26 years$1,592$1,199$890$653$474$341
27 years$1,516$1,128$826$598$427$303
28 years$1,446$1,063$768$547$386$269
29 years$1,382$1,003$715$502$348$239
30 years$1,321$947$666$461$315$213
31 years$1,265$895$621$423$284$189
32 years$1,212$847$579$389$257$168
33 years$1,162$802$541$358$233$150
34 years$1,116$760$505$329$211$133
35 years$1,072$721$472$303$191$119
36 years$1,031$685$442$279$173$106
37 years$992$650$414$257$157$94
38 years$955$618$387$237$142$84
39 years$920$588$363$218$129$75
40 years$887$559$340$201$117$67
41 years$856$532$319$186$106$60
42 years$826$507$299$172$96$53
43 years$798$483$281$158$87$47
44 years$771$460$264$146$79$42
45 years$745$439$247$135$72$38
46 years$721$419$232$125$65$34
47 years$698$400$218$115$59$30
48 years$675$381$205$106$54$27
49 years$654$364$193$98$49$24
50 years$634$348$181$91$44$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $649,000, adding $5,441 every year, while hoping to spend $23,471 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: 56/39/5 Blend
54$649,000$649,000$649,000$649,000
55$720,810$686,413$676,354$760,158
56$769,360$695,075$674,039$795,926
57$822,075$703,374$670,859$831,750
58$879,356$711,268$666,762$870,180
59$941,642$718,712$661,691$911,467
60$1,009,418$725,658$655,586$955,886
61$1,083,217$732,053$648,386$1,003,742
62$1,163,625$737,843$640,027$1,055,372
63$1,251,286$742,969$630,439$1,111,145
64$1,346,912$747,369$619,554$1,171,471
65$1,451,283$750,977$607,295$1,236,802
66$1,565,261$753,721$593,586$1,307,635
67$1,689,791$755,527$578,345$1,384,520
68$1,825,917$756,315$561,487$1,468,064
69$1,974,787$756,001$542,922$1,558,935
70$2,137,663$754,493$522,559$1,657,872
71$2,315,939$751,698$500,299$1,765,691
72$2,511,147$747,513$476,041$1,883,289
73$2,724,974$741,831$449,678$2,011,659
74$2,959,278$734,537$421,099$2,151,896
75$3,216,106$725,511$390,188$2,305,207
76$3,497,713$714,625$356,823$2,472,925
77$3,806,581$701,743$320,878$2,656,520
78$4,145,445$686,721$282,220$2,857,614
79$4,517,316$669,407$240,710$3,077,996
80$4,925,513$649,638$196,205$3,319,640
81$5,373,690$627,246$148,552$3,584,725
82$5,865,873$602,047$97,596$3,875,652
83$6,406,497$573,853$43,170$4,195,072
84$7,000,447$542,459$0$4,545,908
85$7,653,106$507,652$0$4,932,180
86$8,370,402$469,206$0$5,359,160
87$9,158,867$426,882$0$5,828,475
88$10,025,699$380,426$0$6,344,463
89$10,978,825$329,572$0$6,911,906
90$12,026,981$274,036$0$7,536,082
91$13,179,790$213,522$0$8,222,806
92$14,447,858$147,713$0$8,978,493
93$15,842,865$76,277$0$9,810,218
94$17,377,685$0$0$10,725,780
95$19,066,500$0$0$11,734,268
96$20,924,938$0$0$12,880,138
97$22,970,216$0$0$14,141,278
98$25,221,307$0$0$15,529,398
99$27,699,116$0$0$17,057,395
100$30,426,676$0$0$18,739,484