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%14.5%
1 years$51,612$51,152$50,704$50,266$49,838$48,912
2 years$25,550$25,075$24,613$24,166$23,733$22,803
3 years$16,864$16,387$15,927$15,484$15,057$14,153
4 years$12,522$12,046$11,590$11,155$10,739$9,867
5 years$9,918$9,444$8,995$8,568$8,163$7,327
6 years$8,182$7,712$7,269$6,852$6,459$5,659
7 years$6,942$6,476$6,041$5,633$5,253$4,488
8 years$6,013$5,551$5,123$4,726$4,358$3,629
9 years$5,291$4,834$4,412$4,025$3,670$2,977
10 years$4,714$4,261$3,847$3,470$3,127$2,469
11 years$4,241$3,793$3,387$3,020$2,689$2,065
12 years$3,848$3,404$3,006$2,649$2,331$1,739
13 years$3,516$3,076$2,685$2,338$2,032$1,473
14 years$3,231$2,796$2,413$2,076$1,782$1,254
15 years$2,984$2,555$2,178$1,851$1,569$1,071
16 years$2,769$2,344$1,975$1,658$1,386$918
17 years$2,579$2,159$1,797$1,489$1,229$789
18 years$2,410$1,995$1,641$1,342$1,093$679
19 years$2,260$1,849$1,502$1,213$974$586
20 years$2,124$1,718$1,378$1,098$870$507
21 years$2,002$1,600$1,268$997$779$438
22 years$1,891$1,494$1,168$906$698$380
23 years$1,789$1,397$1,079$825$627$330
24 years$1,697$1,309$998$753$563$286
25 years$1,611$1,228$924$688$507$249
26 years$1,533$1,154$857$629$456$216
27 years$1,460$1,086$796$575$412$188
28 years$1,393$1,024$740$527$371$164
29 years$1,330$966$689$483$335$143
30 years$1,272$912$641$444$303$124
31 years$1,218$862$598$408$274$108
32 years$1,167$816$558$375$248$94
33 years$1,119$773$521$344$224$82
34 years$1,074$732$487$317$203$72
35 years$1,032$695$455$292$184$63
36 years$993$659$426$269$167$55
37 years$955$626$398$248$151$48
38 years$920$595$373$228$137$42
39 years$886$566$350$210$124$36
40 years$854$538$328$194$113$32
41 years$824$512$307$179$102$28
42 years$796$488$288$165$93$24
43 years$768$465$270$153$84$21
44 years$743$443$254$141$76$18
45 years$718$423$238$130$69$16
46 years$694$403$224$120$63$14
47 years$672$385$210$111$57$12
48 years$650$367$198$103$52$11
49 years$630$351$186$95$47$9
50 years$610$335$175$88$43$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $625,000, adding $5,467 every year, while hoping to spend $42,755 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: 54/20/26 Blend
54$625,000$625,000$625,000$625,000
55$694,389$661,264$651,577$726,621
56$719,726$648,175$627,914$736,356
57$746,214$633,012$602,025$742,086
58$773,926$615,627$573,790$747,452
59$802,939$595,866$543,086$752,433
60$833,340$573,564$509,780$757,010
61$865,219$548,547$473,736$761,166
62$898,676$520,631$434,811$764,883
63$933,820$489,621$392,856$768,144
64$970,768$455,311$347,715$770,934
65$1,009,649$417,483$299,226$773,240
66$1,050,601$375,908$247,218$775,052
67$1,093,776$330,341$191,513$776,360
68$1,139,339$280,526$131,927$777,159
69$1,187,471$226,191$68,265$777,449
70$1,238,367$167,049$327$777,230
71$1,292,243$102,796$0$776,512
72$1,349,333$33,114$0$795,329
73$1,409,892$0$0$815,078
74$1,474,200$0$0$845,075
75$1,542,563$0$0$884,743
76$1,615,316$0$0$926,991
77$1,692,826$0$0$972,036
78$1,775,493$0$0$1,020,117
79$1,863,757$0$0$1,071,493
80$1,958,099$0$0$1,126,450
81$2,059,048$0$0$1,185,302
82$2,167,183$0$0$1,248,390
83$2,283,137$0$0$1,316,093
84$2,407,609$0$0$1,388,823
85$2,541,361$0$0$1,467,034
86$2,685,234$0$0$1,551,223
87$2,840,148$0$0$1,641,938
88$3,007,116$0$0$1,739,780
89$3,187,249$0$0$1,845,408
90$3,381,768$0$0$1,959,548
91$3,592,014$0$0$2,082,995
92$3,819,463$0$0$2,216,627
93$4,065,734$0$0$2,361,407
94$4,332,611$0$0$2,518,392
95$4,622,053$0$0$2,688,747
96$4,936,215$0$0$2,873,754
97$5,277,467$0$0$3,074,820
98$5,648,416$0$0$3,293,495
99$6,051,929$0$0$3,531,483
100$6,491,164$0$0$3,790,661