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%11.3%
1 years$54,089$53,607$53,137$52,679$52,231$51,945
2 years$26,777$26,278$25,795$25,326$24,872$24,584
3 years$17,674$17,173$16,691$16,227$15,780$15,498
4 years$13,123$12,624$12,147$11,690$11,254$10,981
5 years$10,394$9,897$9,426$8,979$8,555$8,291
6 years$8,575$8,082$7,618$7,181$6,769$6,515
7 years$7,276$6,787$6,331$5,904$5,505$5,261
8 years$6,302$5,818$5,369$4,953$4,567$4,332
9 years$5,545$5,066$4,624$4,218$3,846$3,621
10 years$4,940$4,465$4,031$3,636$3,277$3,062
11 years$4,445$3,975$3,549$3,165$2,819$2,613
12 years$4,033$3,568$3,150$2,776$2,442$2,246
13 years$3,684$3,224$2,814$2,451$2,130$1,942
14 years$3,386$2,931$2,529$2,175$1,867$1,688
15 years$3,128$2,677$2,283$1,940$1,644$1,474
16 years$2,902$2,456$2,070$1,737$1,453$1,291
17 years$2,703$2,262$1,883$1,561$1,288$1,135
18 years$2,526$2,090$1,719$1,407$1,145$1,000
19 years$2,368$1,937$1,574$1,271$1,021$883
20 years$2,226$1,800$1,445$1,151$912$782
21 years$2,098$1,677$1,329$1,045$816$693
22 years$1,981$1,565$1,225$950$731$615
23 years$1,875$1,464$1,131$865$657$547
24 years$1,778$1,372$1,046$789$590$487
25 years$1,689$1,287$969$721$531$434
26 years$1,606$1,210$898$659$478$387
27 years$1,530$1,139$834$603$431$345
28 years$1,460$1,073$775$553$389$308
29 years$1,394$1,012$722$507$351$276
30 years$1,333$956$672$465$318$246
31 years$1,276$904$627$427$287$220
32 years$1,223$855$585$392$260$197
33 years$1,173$810$546$361$235$177
34 years$1,126$767$510$332$213$158
35 years$1,082$728$477$306$193$142
36 years$1,040$691$446$282$175$127
37 years$1,001$656$418$259$158$114
38 years$964$624$391$239$143$102
39 years$929$593$366$220$130$92
40 years$895$564$343$203$118$82
41 years$864$537$322$188$107$74
42 years$834$511$302$173$97$66
43 years$805$487$283$160$88$59
44 years$778$464$266$148$80$53
45 years$752$443$250$136$73$48
46 years$728$423$235$126$66$43
47 years$704$403$220$116$60$39
48 years$682$385$207$107$54$35
49 years$660$368$195$99$49$31
50 years$640$351$183$92$45$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $655,000, adding $4,988 every year, while hoping to spend $20,877 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: 43/32/25 Blend
54$655,000$655,000$655,000$655,000
55$726,955$692,240$682,088$752,731
56$778,892$703,947$682,725$783,294
57$835,426$715,528$682,683$814,008
58$897,005$726,954$681,919$846,875
59$964,120$738,196$680,384$882,106
60$1,037,314$749,221$678,030$919,934
61$1,117,181$759,994$674,805$960,616
62$1,204,377$770,477$670,655$1,004,438
63$1,299,625$780,632$665,523$1,051,712
64$1,403,718$790,414$659,350$1,102,785
65$1,517,533$799,780$652,073$1,158,042
66$1,642,031$808,679$643,628$1,217,905
67$1,778,274$817,060$633,945$1,282,841
68$1,927,430$824,868$622,954$1,353,368
69$2,090,784$832,043$610,579$1,430,055
70$2,269,754$838,522$596,743$1,513,533
71$2,465,898$844,239$581,363$1,604,496
72$2,680,934$849,122$564,354$1,703,713
73$2,916,755$853,094$545,625$1,812,032
74$3,175,445$856,076$525,084$1,930,389
75$3,459,297$857,981$502,632$2,059,817
76$3,770,842$858,719$478,166$2,201,457
77$4,112,863$858,191$451,580$2,356,569
78$4,488,428$856,295$422,761$2,526,543
79$4,900,916$852,922$391,592$2,712,913
80$5,354,050$847,956$357,951$2,917,373
81$5,851,931$841,274$321,710$3,141,792
82$6,399,076$832,745$282,736$3,388,233
83$7,000,463$822,230$240,888$3,658,971
84$7,661,575$809,584$196,023$3,956,518
85$8,388,453$794,651$147,987$4,283,645
86$9,187,753$777,267$96,622$4,643,411
87$10,066,807$757,256$41,762$5,039,188
88$11,033,694$734,434$0$5,474,699
89$12,097,316$708,607$0$5,958,526
90$13,267,480$679,567$0$6,502,901
91$14,554,993$647,095$0$7,101,719
92$15,971,760$610,961$0$7,760,545
93$17,530,901$570,919$0$8,485,511
94$19,246,869$526,711$0$9,283,380
95$21,135,593$478,062$0$10,161,607
96$23,214,621$424,685$0$11,128,411
97$25,503,290$366,273$0$12,192,851
98$28,022,909$302,503$0$13,364,916
99$30,796,954$233,034$0$14,655,615
100$33,851,296$157,506$0$16,077,087