Can I retire at age 55 with 655,000?

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 $655,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$54,089$53,607$53,137$52,679$52,231$51,281
2 years$26,777$26,278$25,795$25,326$24,872$23,918
3 years$17,674$17,173$16,691$16,227$15,780$14,852
4 years$13,123$12,624$12,147$11,690$11,254$10,360
5 years$10,394$9,897$9,426$8,979$8,555$7,697
6 years$8,575$8,082$7,618$7,181$6,769$5,948
7 years$7,276$6,787$6,331$5,904$5,505$4,720
8 years$6,302$5,818$5,369$4,953$4,567$3,819
9 years$5,545$5,066$4,624$4,218$3,846$3,134
10 years$4,940$4,465$4,031$3,636$3,277$2,601
11 years$4,445$3,975$3,549$3,165$2,819$2,177
12 years$4,033$3,568$3,150$2,776$2,442$1,835
13 years$3,684$3,224$2,814$2,451$2,130$1,555
14 years$3,386$2,931$2,529$2,175$1,867$1,324
15 years$3,128$2,677$2,283$1,940$1,644$1,132
16 years$2,902$2,456$2,070$1,737$1,453$971
17 years$2,703$2,262$1,883$1,561$1,288$835
18 years$2,526$2,090$1,719$1,407$1,145$719
19 years$2,368$1,937$1,574$1,271$1,021$621
20 years$2,226$1,800$1,445$1,151$912$537
21 years$2,098$1,677$1,329$1,045$816$466
22 years$1,981$1,565$1,225$950$731$404
23 years$1,875$1,464$1,131$865$657$350
24 years$1,778$1,372$1,046$789$590$305
25 years$1,689$1,287$969$721$531$265
26 years$1,606$1,210$898$659$478$230
27 years$1,530$1,139$834$603$431$201
28 years$1,460$1,073$775$553$389$175
29 years$1,394$1,012$722$507$351$152
30 years$1,333$956$672$465$318$133
31 years$1,276$904$627$427$287$116
32 years$1,223$855$585$392$260$101
33 years$1,173$810$546$361$235$88
34 years$1,126$767$510$332$213$77
35 years$1,082$728$477$306$193$67
36 years$1,040$691$446$282$175$59
37 years$1,001$656$418$259$158$51
38 years$964$624$391$239$143$45
39 years$929$593$366$220$130$39
40 years$895$564$343$203$118$34
41 years$864$537$322$188$107$30
42 years$834$511$302$173$97$26
43 years$805$487$283$160$88$23
44 years$778$464$266$148$80$20
45 years$752$443$250$136$73$17
46 years$728$423$235$126$66$15
47 years$704$403$220$116$60$13
48 years$682$385$207$107$54$12
49 years$660$368$195$99$49$10
50 years$640$351$183$92$45$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $655,000, adding $5,756 every year, while hoping to spend $31,525 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: 36/36/28 Blend
54$655,000$655,000$655,000$655,000
55$727,747$693,032$682,880$747,662
56$768,435$693,449$672,214$763,391
57$812,217$692,829$660,134$777,097
58$859,374$691,088$646,560$791,290
59$910,217$688,139$631,407$806,033
60$965,087$683,885$614,586$821,401
61$1,024,357$678,226$596,006$837,477
62$1,088,438$671,057$575,570$854,357
63$1,157,784$662,264$553,176$872,148
64$1,232,890$651,726$528,719$890,971
65$1,314,303$639,319$502,089$910,963
66$1,402,622$624,907$473,170$932,280
67$1,498,510$608,347$441,842$955,093
68$1,602,692$589,491$407,978$979,598
69$1,715,968$568,177$371,446$1,006,014
70$1,839,217$544,237$332,110$1,034,586
71$1,973,406$517,494$289,824$1,065,590
72$2,119,600$487,757$244,440$1,099,332
73$2,278,970$454,828$195,799$1,136,157
74$2,452,806$418,496$143,739$1,176,449
75$2,642,526$378,536$88,089$1,220,639
76$2,849,693$334,714$28,669$1,269,204
77$3,076,027$286,780$0$1,322,679
78$3,323,420$234,471$0$1,392,039
79$3,593,957$177,508$0$1,477,383
80$3,889,933$115,598$0$1,570,936
81$4,213,873$48,430$0$1,673,583
82$4,568,562$0$0$1,786,303
83$4,957,062$0$0$1,919,816
84$5,382,748$0$0$2,087,221
85$5,849,337$0$0$2,270,807
86$6,360,920$0$0$2,472,196
87$6,922,005$0$0$2,693,173
88$7,537,558$0$0$2,935,708
89$8,213,047$0$0$3,201,968
90$8,954,495$0$0$3,494,342
91$9,768,538$0$0$3,815,459
92$10,662,485$0$0$4,168,219
93$11,644,387$0$0$4,555,812
94$12,723,115$0$0$4,981,757
95$13,908,440$0$0$5,449,928
96$15,211,127$0$0$5,964,593
97$16,643,034$0$0$6,530,455
98$18,217,227$0$0$7,152,696
99$19,948,101$0$0$7,837,023
100$21,851,515$0$0$8,589,727