Can I retire at age 55 with 649,000?

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 $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%
1 years$53,594$53,116$52,651$52,196$51,752$51,297
2 years$26,532$26,037$25,559$25,094$24,644$24,185
3 years$17,512$17,016$16,538$16,078$15,635$15,187
4 years$13,003$12,508$12,035$11,583$11,151$10,717
5 years$10,299$9,807$9,340$8,897$8,477$8,059
6 years$8,496$8,008$7,548$7,115$6,707$6,305
7 years$7,209$6,725$6,273$5,850$5,455$5,069
8 years$6,244$5,765$5,320$4,907$4,525$4,155
9 years$5,494$5,019$4,582$4,180$3,811$3,457
10 years$4,895$4,424$3,994$3,603$3,247$2,909
11 years$4,404$3,939$3,517$3,136$2,793$2,470
12 years$3,996$3,535$3,121$2,750$2,420$2,113
13 years$3,651$3,195$2,788$2,428$2,110$1,818
14 years$3,355$2,904$2,505$2,156$1,850$1,572
15 years$3,099$2,653$2,262$1,922$1,629$1,365
16 years$2,875$2,434$2,051$1,721$1,440$1,189
17 years$2,678$2,241$1,866$1,547$1,276$1,040
18 years$2,503$2,071$1,704$1,394$1,135$911
19 years$2,346$1,920$1,560$1,259$1,012$800
20 years$2,206$1,784$1,431$1,141$904$704
21 years$2,079$1,661$1,317$1,035$809$620
22 years$1,963$1,551$1,213$941$725$547
23 years$1,858$1,451$1,120$857$651$484
24 years$1,762$1,359$1,036$782$585$428
25 years$1,673$1,275$960$714$526$379
26 years$1,592$1,199$890$653$474$336
27 years$1,516$1,128$826$598$427$298
28 years$1,446$1,063$768$547$386$264
29 years$1,382$1,003$715$502$348$235
30 years$1,321$947$666$461$315$208
31 years$1,265$895$621$423$284$185
32 years$1,212$847$579$389$257$165
33 years$1,162$802$541$358$233$147
34 years$1,116$760$505$329$211$130
35 years$1,072$721$472$303$191$116
36 years$1,031$685$442$279$173$103
37 years$992$650$414$257$157$92
38 years$955$618$387$237$142$82
39 years$920$588$363$218$129$73
40 years$887$559$340$201$117$65
41 years$856$532$319$186$106$58
42 years$826$507$299$172$96$52
43 years$798$483$281$158$87$46
44 years$771$460$264$146$79$41
45 years$745$439$247$135$72$37
46 years$721$419$232$125$65$33
47 years$698$400$218$115$59$29
48 years$675$381$205$106$54$26
49 years$654$364$193$98$49$23
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 $2,713 every year, while hoping to spend $28,443 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: 75/5/20 Blend
54$649,000$649,000$649,000$649,000
55$717,996$683,599$673,540$768,260
56$760,969$686,833$665,840$805,186
57$807,371$689,271$656,930$841,906
58$857,524$690,846$646,737$881,417
59$911,777$691,483$635,189$923,990
60$970,518$691,105$622,207$969,926
61$1,034,171$689,630$607,712$1,019,554
62$1,103,204$686,969$591,617$1,073,239
63$1,178,130$683,030$573,836$1,131,382
64$1,259,514$677,713$554,274$1,194,425
65$1,347,977$670,914$532,835$1,262,856
66$1,444,203$662,521$509,418$1,337,215
67$1,548,945$652,418$483,916$1,418,094
68$1,663,029$640,478$456,219$1,506,148
69$1,787,367$626,570$426,211$1,602,100
70$1,922,961$610,554$393,771$1,706,744
71$2,070,913$592,282$358,773$1,820,961
72$2,232,439$571,596$321,085$1,945,717
73$2,408,874$548,331$280,568$2,082,079
74$2,601,691$522,311$237,078$2,231,227
75$2,812,509$493,350$190,466$2,394,457
76$3,043,112$461,251$140,574$2,573,201
77$3,295,465$425,807$87,238$2,769,039
78$3,571,728$386,798$30,286$2,983,709
79$3,874,285$343,991$0$3,219,132
80$4,205,756$297,142$0$3,483,931
81$4,569,031$245,990$0$3,781,252
82$4,967,291$190,261$0$4,107,240
83$5,404,037$129,667$0$4,464,774
84$5,883,130$63,901$0$4,857,028
85$6,408,818$0$0$5,287,497
86$6,985,783$0$0$5,760,436
87$7,619,181$0$0$6,283,520
88$8,314,692$0$0$6,857,928
89$9,078,574$0$0$7,488,830
90$9,917,719$0$0$8,181,923
91$10,839,720$0$0$8,943,482
92$11,852,943$0$0$9,780,421
93$12,966,603$0$0$10,700,356
94$14,190,854$0$0$11,711,678
95$15,536,880$0$0$12,823,631
96$17,017,005$0$0$14,046,400
97$18,644,807$0$0$15,391,206
98$20,435,245$0$0$16,870,414
99$22,404,800$0$0$18,497,643
100$24,571,633$0$0$20,287,902