Can I retire at age 55 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$53,759$53,280$52,813$52,357$51,912$50,190
2 years$26,613$26,118$25,637$25,172$24,720$23,002
3 years$17,566$17,068$16,589$16,128$15,683$14,023
4 years$13,043$12,547$12,073$11,619$11,185$9,596
5 years$10,330$9,837$9,369$8,925$8,503$6,988
6 years$8,522$8,033$7,571$7,137$6,728$5,289
7 years$7,231$6,746$6,292$5,868$5,472$4,108
8 years$6,263$5,782$5,336$4,922$4,539$3,251
9 years$5,511$5,035$4,596$4,193$3,823$2,607
10 years$4,910$4,438$4,007$3,614$3,257$2,113
11 years$4,418$3,951$3,528$3,145$2,801$1,726
12 years$4,008$3,546$3,131$2,759$2,428$1,419
13 years$3,662$3,204$2,797$2,436$2,117$1,172
14 years$3,365$2,913$2,513$2,162$1,856$973
15 years$3,109$2,661$2,269$1,928$1,634$810
16 years$2,884$2,441$2,057$1,727$1,444$676
17 years$2,686$2,248$1,872$1,551$1,280$565
18 years$2,511$2,078$1,709$1,398$1,138$474
19 years$2,354$1,925$1,564$1,263$1,015$398
20 years$2,213$1,789$1,436$1,144$906$334
21 years$2,085$1,667$1,321$1,038$811$281
22 years$1,969$1,556$1,217$944$727$237
23 years$1,864$1,455$1,124$860$653$199
24 years$1,767$1,363$1,039$784$587$168
25 years$1,678$1,279$963$716$528$142
26 years$1,597$1,202$893$655$475$120
27 years$1,521$1,132$829$599$429$101
28 years$1,451$1,066$771$549$387$85
29 years$1,386$1,006$717$504$349$72
30 years$1,325$950$668$462$316$61
31 years$1,269$898$623$424$285$52
32 years$1,216$850$581$390$258$44
33 years$1,166$805$543$359$234$37
34 years$1,119$763$507$330$211$31
35 years$1,075$723$474$304$192$26
36 years$1,034$687$443$280$174$22
37 years$995$652$415$258$157$19
38 years$958$620$389$238$143$16
39 years$923$589$364$219$129$13
40 years$890$561$341$202$117$11
41 years$859$534$320$186$106$10
42 years$829$508$300$172$97$8
43 years$800$484$282$159$88$7
44 years$773$462$264$147$80$6
45 years$748$440$248$135$72$5
46 years$723$420$233$125$66$4
47 years$700$401$219$116$60$4
48 years$677$383$206$107$54$3
49 years$656$365$193$99$49$3
50 years$636$349$182$91$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $651,000, adding $3,445 every year, while hoping to spend $26,540 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: 56/25/19 Blend
54$651,000$651,000$651,000$651,000
55$720,956$686,453$676,362$757,483
56$766,255$691,850$670,782$788,166
57$815,285$696,623$664,125$818,435
58$868,398$700,712$656,328$850,823
59$925,983$704,055$647,323$885,540
60$988,465$706,586$637,040$922,817
61$1,056,314$708,234$625,406$962,912
62$1,130,044$708,923$612,343$1,006,107
63$1,210,223$708,575$597,772$1,052,716
64$1,297,476$707,105$581,607$1,103,085
65$1,392,488$704,423$563,760$1,157,597
66$1,496,015$700,433$544,140$1,216,676
67$1,608,890$695,035$522,649$1,280,789
68$1,732,026$688,122$499,188$1,350,454
69$1,866,432$679,579$473,649$1,426,241
70$2,013,216$669,286$445,925$1,508,781
71$2,173,598$657,116$415,898$1,598,773
72$2,348,924$642,932$383,449$1,696,985
73$2,540,671$626,593$348,451$1,804,270
74$2,750,470$607,947$310,775$1,921,567
75$2,980,113$586,832$270,281$2,049,913
76$3,231,577$563,079$226,828$2,190,456
77$3,507,036$536,508$180,265$2,344,461
78$3,808,886$506,929$130,436$2,513,326
79$4,139,764$474,140$77,177$2,698,594
80$4,502,577$437,930$20,320$2,901,970
81$4,900,525$398,073$0$3,125,334
82$5,337,131$354,332$0$3,378,944
83$5,816,279$306,455$0$3,661,840
84$6,342,246$254,177$0$3,972,467
85$6,919,741$197,218$0$4,313,657
86$7,553,954$135,281$0$4,688,536
87$8,250,601$68,054$0$5,100,549
88$9,015,980$0$0$5,553,494
89$9,857,028$0$0$6,052,881
90$10,781,387$0$0$6,622,374
91$11,797,477$0$0$7,248,446
92$12,914,576$0$0$7,936,822
93$14,142,901$0$0$8,693,806
94$15,493,713$0$0$9,526,346
95$16,979,418$0$0$10,442,097
96$18,613,683$0$0$11,449,493
97$20,411,567$0$0$12,557,826
98$22,389,664$0$0$13,777,334
99$24,566,253$0$0$15,119,298
100$26,961,480$0$0$16,596,148