Can I retire at age 55 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$53,842$53,362$52,894$52,437$51,991$51,384
2 years$26,654$26,158$25,677$25,210$24,758$24,147
3 years$17,593$17,094$16,615$16,152$15,707$15,111
4 years$13,063$12,566$12,091$11,637$11,203$10,626
5 years$10,346$9,852$9,383$8,938$8,516$7,961
6 years$8,535$8,045$7,583$7,148$6,738$6,205
7 years$7,242$6,756$6,302$5,877$5,480$4,969
8 years$6,273$5,791$5,344$4,930$4,546$4,057
9 years$5,520$5,042$4,603$4,199$3,829$3,362
10 years$4,917$4,445$4,013$3,620$3,262$2,817
11 years$4,425$3,957$3,533$3,150$2,806$2,381
12 years$4,014$3,551$3,135$2,763$2,431$2,028
13 years$3,668$3,209$2,801$2,439$2,120$1,737
14 years$3,371$2,917$2,517$2,165$1,858$1,495
15 years$3,113$2,665$2,272$1,931$1,636$1,292
16 years$2,889$2,445$2,060$1,729$1,446$1,121
17 years$2,690$2,252$1,875$1,554$1,282$975
18 years$2,515$2,081$1,711$1,400$1,140$850
19 years$2,357$1,928$1,567$1,265$1,016$742
20 years$2,216$1,792$1,438$1,146$908$650
21 years$2,088$1,669$1,323$1,040$812$570
22 years$1,972$1,558$1,219$946$728$500
23 years$1,867$1,457$1,126$861$654$440
24 years$1,770$1,365$1,041$785$587$387
25 years$1,681$1,281$964$717$529$341
26 years$1,599$1,204$894$656$476$300
27 years$1,523$1,133$830$600$429$265
28 years$1,453$1,068$772$550$387$234
29 years$1,388$1,007$718$504$350$206
30 years$1,327$951$669$463$316$182
31 years$1,270$899$624$425$286$161
32 years$1,217$851$582$391$258$142
33 years$1,168$806$543$359$234$126
34 years$1,121$764$508$331$212$111
35 years$1,077$725$475$304$192$99
36 years$1,036$688$444$280$174$87
37 years$996$653$416$258$158$77
38 years$959$621$389$238$143$68
39 years$925$590$365$219$130$61
40 years$891$562$342$202$117$54
41 years$860$535$320$187$107$47
42 years$830$509$301$172$97$42
43 years$802$485$282$159$88$37
44 years$775$462$265$147$80$33
45 years$749$441$249$136$72$29
46 years$724$421$234$125$66$26
47 years$701$401$219$116$60$23
48 years$679$383$206$107$54$20
49 years$657$366$194$99$49$18
50 years$637$350$182$91$45$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $652,000, adding $6,345 every year, while hoping to spend $36,901 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: 70/10/20 Blend
54$652,000$652,000$652,000$652,000
55$725,049$690,493$680,387$771,828
56$759,741$685,065$663,917$798,418
57$796,736$678,134$645,660$822,558
58$836,228$669,587$625,514$848,067
59$878,433$659,306$603,378$875,079
60$923,585$647,164$579,143$903,739
61$971,942$633,027$552,696$934,208
62$1,023,788$616,753$523,919$966,667
63$1,079,432$598,192$492,688$1,001,312
64$1,139,215$577,184$458,875$1,038,363
65$1,203,511$553,562$422,343$1,078,063
66$1,272,730$527,148$382,953$1,120,682
67$1,347,324$497,753$340,556$1,166,516
68$1,427,786$465,178$295,000$1,215,896
69$1,514,661$429,212$246,123$1,269,184
70$1,608,546$389,634$193,758$1,326,785
71$1,710,098$346,206$137,729$1,389,144
72$1,820,039$298,681$77,855$1,456,755
73$1,939,163$246,797$13,943$1,530,162
74$2,068,342$190,274$0$1,609,969
75$2,208,536$128,821$0$1,708,423
76$2,360,800$62,126$0$1,818,607
77$2,526,295$0$0$1,938,406
78$2,706,299$0$0$2,069,882
79$2,902,217$0$0$2,220,453
80$3,115,594$0$0$2,384,475
81$3,348,132$0$0$2,563,260
82$3,601,703$0$0$2,758,251
83$3,878,369$0$0$2,971,038
84$4,180,397$0$0$3,203,369
85$4,510,285$0$0$3,457,171
86$4,870,781$0$0$3,734,563
87$5,264,912$0$0$4,037,878
88$5,696,010$0$0$4,369,688
89$6,167,743$0$0$4,732,820
90$6,684,151$0$0$5,130,390
91$7,249,682$0$0$5,565,830
92$7,869,236$0$0$6,042,916
93$8,548,207$0$0$6,565,811
94$9,292,537$0$0$7,139,096
95$10,108,769$0$0$7,767,819
96$11,004,112$0$0$8,457,539
97$11,986,503$0$0$9,214,378
98$13,064,688$0$0$10,045,081
99$14,248,297$0$0$10,957,077
100$15,547,941$0$0$11,958,550