Can I retire at age 55 with 655,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.6%
1 years$54,089$53,607$53,137$52,679$52,231$51,450
2 years$26,777$26,278$25,795$25,326$24,872$24,087
3 years$17,674$17,173$16,691$16,227$15,780$15,015
4 years$13,123$12,624$12,147$11,690$11,254$10,516
5 years$10,394$9,897$9,426$8,979$8,555$7,846
6 years$8,575$8,082$7,618$7,181$6,769$6,089
7 years$7,276$6,787$6,331$5,904$5,505$4,854
8 years$6,302$5,818$5,369$4,953$4,567$3,945
9 years$5,545$5,066$4,624$4,218$3,846$3,253
10 years$4,940$4,465$4,031$3,636$3,277$2,713
11 years$4,445$3,975$3,549$3,165$2,819$2,282
12 years$4,033$3,568$3,150$2,776$2,442$1,934
13 years$3,684$3,224$2,814$2,451$2,130$1,648
14 years$3,386$2,931$2,529$2,175$1,867$1,411
15 years$3,128$2,677$2,283$1,940$1,644$1,212
16 years$2,902$2,456$2,070$1,737$1,453$1,046
17 years$2,703$2,262$1,883$1,561$1,288$904
18 years$2,526$2,090$1,719$1,407$1,145$784
19 years$2,368$1,937$1,574$1,271$1,021$681
20 years$2,226$1,800$1,445$1,151$912$592
21 years$2,098$1,677$1,329$1,045$816$516
22 years$1,981$1,565$1,225$950$731$451
23 years$1,875$1,464$1,131$865$657$394
24 years$1,778$1,372$1,046$789$590$344
25 years$1,689$1,287$969$721$531$301
26 years$1,606$1,210$898$659$478$264
27 years$1,530$1,139$834$603$431$231
28 years$1,460$1,073$775$553$389$203
29 years$1,394$1,012$722$507$351$178
30 years$1,333$956$672$465$318$156
31 years$1,276$904$627$427$287$137
32 years$1,223$855$585$392$260$120
33 years$1,173$810$546$361$235$106
34 years$1,126$767$510$332$213$93
35 years$1,082$728$477$306$193$82
36 years$1,040$691$446$282$175$72
37 years$1,001$656$418$259$158$63
38 years$964$624$391$239$143$55
39 years$929$593$366$220$130$49
40 years$895$564$343$203$118$43
41 years$864$537$322$188$107$38
42 years$834$511$302$173$97$33
43 years$805$487$283$160$88$29
44 years$778$464$266$148$80$26
45 years$752$443$250$136$73$23
46 years$728$423$235$126$66$20
47 years$704$403$220$116$60$18
48 years$682$385$207$107$54$15
49 years$660$368$195$99$49$14
50 years$640$351$183$92$45$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $655,000, adding $2,108 every year, while hoping to spend $25,907 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: 34/37/29 Blend
54$655,000$655,000$655,000$655,000
55$723,984$689,269$679,117$742,194
56$770,266$695,479$674,302$762,361
57$820,400$701,124$668,458$781,640
58$874,752$706,150$661,523$801,932
59$933,724$710,499$653,431$823,348
60$997,758$714,108$644,116$846,009
61$1,067,341$716,911$633,505$870,049
62$1,143,007$718,837$621,525$895,620
63$1,225,346$719,811$608,098$922,890
64$1,315,004$719,755$593,142$952,046
65$1,412,694$718,583$576,572$983,297
66$1,519,201$716,206$558,299$1,016,876
67$1,635,388$712,528$538,230$1,053,040
68$1,762,204$707,448$516,268$1,092,078
69$1,900,696$700,860$492,310$1,134,310
70$2,052,014$692,650$466,250$1,180,090
71$2,217,427$682,697$437,976$1,229,813
72$2,398,329$670,874$407,373$1,283,919
73$2,596,257$657,045$374,318$1,342,893
74$2,812,902$641,067$338,685$1,407,276
75$3,050,128$622,789$300,341$1,477,669
76$3,309,985$602,050$259,147$1,554,734
77$3,594,734$578,681$214,958$1,639,210
78$3,906,861$552,501$167,624$1,731,914
79$4,249,108$523,320$116,986$1,833,752
80$4,624,491$490,937$62,880$1,945,726
81$5,036,336$455,140$5,133$2,068,949
82$5,488,304$415,704$0$2,204,651
83$5,984,428$372,390$0$2,371,676
84$6,529,151$324,948$0$2,556,883
85$7,127,366$273,112$0$2,760,413
86$7,784,464$216,602$0$2,984,175
87$8,506,385$155,121$0$3,230,279
88$9,299,671$88,356$0$3,501,056
89$10,171,529$15,978$0$3,799,076
90$11,129,901$0$0$4,127,179
91$12,183,534$0$0$4,513,890
92$13,342,067$0$0$4,946,362
93$14,616,119$0$0$5,422,065
94$16,017,388$0$0$5,945,382
95$17,558,765$0$0$6,521,141
96$19,254,452$0$0$7,154,661
97$21,120,097$0$0$7,851,803
98$23,172,941$0$0$8,619,026
99$25,431,981$0$0$9,463,446
100$27,918,147$0$0$10,392,903