Can I retire at age 55 with 625,000?

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 $625,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$51,612$51,152$50,704$50,266$49,838$49,277
2 years$25,550$25,075$24,613$24,166$23,733$23,167
3 years$16,864$16,387$15,927$15,484$15,057$14,505
4 years$12,522$12,046$11,590$11,155$10,739$10,205
5 years$9,918$9,444$8,995$8,568$8,163$7,650
6 years$8,182$7,712$7,269$6,852$6,459$5,966
7 years$6,942$6,476$6,041$5,633$5,253$4,780
8 years$6,013$5,551$5,123$4,726$4,358$3,905
9 years$5,291$4,834$4,412$4,025$3,670$3,238
10 years$4,714$4,261$3,847$3,470$3,127$2,714
11 years$4,241$3,793$3,387$3,020$2,689$2,296
12 years$3,848$3,404$3,006$2,649$2,331$1,957
13 years$3,516$3,076$2,685$2,338$2,032$1,677
14 years$3,231$2,796$2,413$2,076$1,782$1,444
15 years$2,984$2,555$2,178$1,851$1,569$1,249
16 years$2,769$2,344$1,975$1,658$1,386$1,084
17 years$2,579$2,159$1,797$1,489$1,229$943
18 years$2,410$1,995$1,641$1,342$1,093$823
19 years$2,260$1,849$1,502$1,213$974$720
20 years$2,124$1,718$1,378$1,098$870$630
21 years$2,002$1,600$1,268$997$779$553
22 years$1,891$1,494$1,168$906$698$486
23 years$1,789$1,397$1,079$825$627$427
24 years$1,697$1,309$998$753$563$376
25 years$1,611$1,228$924$688$507$332
26 years$1,533$1,154$857$629$456$293
27 years$1,460$1,086$796$575$412$258
28 years$1,393$1,024$740$527$371$228
29 years$1,330$966$689$483$335$202
30 years$1,272$912$641$444$303$178
31 years$1,218$862$598$408$274$158
32 years$1,167$816$558$375$248$139
33 years$1,119$773$521$344$224$123
34 years$1,074$732$487$317$203$109
35 years$1,032$695$455$292$184$97
36 years$993$659$426$269$167$86
37 years$955$626$398$248$151$76
38 years$920$595$373$228$137$67
39 years$886$566$350$210$124$60
40 years$854$538$328$194$113$53
41 years$824$512$307$179$102$47
42 years$796$488$288$165$93$42
43 years$768$465$270$153$84$37
44 years$743$443$254$141$76$33
45 years$718$423$238$130$69$29
46 years$694$403$224$120$63$26
47 years$672$385$210$111$57$23
48 years$650$367$198$103$52$20
49 years$630$351$186$95$47$18
50 years$610$335$175$88$43$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $625,000, adding $4,749 every year, while hoping to spend $34,112 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: 38/46/16 Blend
54$625,000$625,000$625,000$625,000
55$693,649$660,524$650,836$716,497
56$728,106$656,594$636,344$729,380
57$764,934$651,329$620,224$739,672
58$804,340$644,627$602,384$750,068
59$846,549$636,380$582,729$760,595
60$891,808$626,474$561,162$771,285
61$940,390$614,788$537,578$782,176
62$992,591$601,194$511,869$793,315
63$1,048,741$585,558$483,921$804,753
64$1,109,196$567,734$453,617$816,552
65$1,174,353$547,572$420,832$828,785
66$1,244,645$524,911$385,438$841,533
67$1,320,548$499,580$347,299$854,892
68$1,402,584$471,400$306,274$868,971
69$1,491,329$440,181$262,215$883,895
70$1,587,416$405,720$214,970$899,805
71$1,691,538$367,806$164,378$916,864
72$1,804,460$326,214$110,270$935,255
73$1,927,023$280,706$52,471$955,188
74$2,060,149$231,031$0$976,897
75$2,204,857$176,924$0$1,002,221
76$2,362,264$118,105$0$1,039,551
77$2,533,600$54,277$0$1,080,290
78$2,720,220$0$0$1,124,856
79$2,923,613$0$0$1,181,240
80$3,145,419$0$0$1,272,768
81$3,387,443$0$0$1,372,719
82$3,651,670$0$0$1,481,924
83$3,940,289$0$0$1,601,297
84$4,255,704$0$0$1,731,845
85$4,600,568$0$0$1,874,677
86$4,977,797$0$0$2,031,012
87$5,390,605$0$0$2,202,194
88$5,842,529$0$0$2,389,704
89$6,337,465$0$0$2,595,171
90$6,879,703$0$0$2,820,389
91$7,473,967$0$0$3,067,335
92$8,125,461$0$0$3,338,187
93$8,839,916$0$0$3,635,343
94$9,623,643$0$0$3,961,443
95$10,483,596$0$0$4,319,397
96$11,427,431$0$0$4,712,410
97$12,463,584$0$0$5,144,012
98$13,601,347$0$0$5,618,092
99$14,850,957$0$0$6,138,934
100$16,223,688$0$0$6,711,257