Can I retire at age 55 with 626,000?

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 $626,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$51,694$51,234$50,785$50,346$49,918$48,613
2 years$25,591$25,115$24,653$24,205$23,771$22,464
3 years$16,891$16,413$15,952$15,508$15,081$13,815
4 years$12,542$12,065$11,609$11,173$10,756$9,539
5 years$9,934$9,459$9,009$8,582$8,176$7,013
6 years$8,195$7,724$7,281$6,863$6,470$5,361
7 years$6,954$6,487$6,050$5,642$5,262$4,207
8 years$6,023$5,560$5,131$4,733$4,365$3,364
9 years$5,299$4,841$4,419$4,032$3,676$2,728
10 years$4,721$4,267$3,853$3,475$3,132$2,236
11 years$4,248$3,799$3,392$3,025$2,694$1,848
12 years$3,854$3,410$3,010$2,653$2,334$1,537
13 years$3,521$3,081$2,690$2,342$2,036$1,286
14 years$3,236$2,801$2,417$2,079$1,784$1,080
15 years$2,989$2,559$2,182$1,854$1,571$910
16 years$2,773$2,348$1,978$1,660$1,389$770
17 years$2,583$2,162$1,800$1,492$1,231$652
18 years$2,414$1,998$1,643$1,344$1,095$554
19 years$2,263$1,852$1,504$1,215$976$471
20 years$2,128$1,721$1,381$1,100$872$402
21 years$2,005$1,603$1,270$998$780$343
22 years$1,894$1,496$1,170$908$699$293
23 years$1,792$1,399$1,081$827$628$250
24 years$1,699$1,311$999$754$564$214
25 years$1,614$1,230$926$689$508$183
26 years$1,535$1,156$858$630$457$157
27 years$1,463$1,088$797$576$412$134
28 years$1,395$1,025$741$528$372$115
29 years$1,333$967$690$484$336$99
30 years$1,274$914$642$444$303$85
31 years$1,220$864$599$408$274$73
32 years$1,169$817$559$375$248$62
33 years$1,121$774$522$345$225$53
34 years$1,076$733$487$317$203$46
35 years$1,034$696$456$292$184$39
36 years$994$660$426$269$167$34
37 years$957$627$399$248$151$29
38 years$921$596$374$229$137$25
39 years$888$567$350$211$124$21
40 years$856$539$328$194$113$18
41 years$826$513$308$179$102$16
42 years$797$489$289$165$93$14
43 years$770$466$271$153$84$12
44 years$744$444$254$141$76$10
45 years$719$423$239$130$69$9
46 years$695$404$224$120$63$7
47 years$673$385$211$111$57$6
48 years$651$368$198$103$52$5
49 years$631$351$186$95$47$5
50 years$611$336$175$88$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $626,000, adding $2,951 every year, while hoping to spend $38,465 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: 24/46/30 Blend
54$626,000$626,000$626,000$626,000
55$692,896$659,718$650,015$702,961
56$722,645$651,118$630,864$703,250
57$754,139$640,807$609,782$700,142
58$787,516$628,661$586,665$696,017
59$822,925$614,548$561,401$690,817
60$860,532$598,329$533,876$684,483
61$900,514$579,856$503,969$676,955
62$943,070$558,972$471,555$668,168
63$988,413$535,512$436,502$658,061
64$1,036,780$509,300$398,674$646,567
65$1,088,428$480,152$357,926$633,622
66$1,143,639$447,872$314,108$619,160
67$1,202,725$412,251$267,065$603,113
68$1,266,023$373,072$216,632$585,416
69$1,333,908$330,103$162,640$566,002
70$1,406,787$283,099$104,909$544,806
71$1,485,110$231,802$43,254$521,766
72$1,569,370$175,938$0$496,818
73$1,660,106$115,219$0$477,121
74$1,757,913$49,341$0$470,648
75$1,863,443$0$0$463,555
76$1,977,414$0$0$467,013
77$2,100,612$0$0$497,833
78$2,233,904$0$0$531,267
79$2,378,241$0$0$567,566
80$2,534,669$0$0$607,003
81$2,704,340$0$0$649,881
82$2,888,517$0$0$696,533
83$3,088,593$0$0$747,326
84$3,306,099$0$0$802,661
85$3,542,718$0$0$862,982
86$3,800,303$0$0$928,777
87$4,080,892$0$0$1,000,584
88$4,386,731$0$0$1,078,992
89$4,720,286$0$0$1,164,652
90$5,084,277$0$0$1,258,282
91$5,481,694$0$0$1,360,669
92$5,915,831$0$0$1,472,682
93$6,390,312$0$0$1,595,277
94$6,909,129$0$0$1,729,506
95$7,476,676$0$0$1,876,530
96$8,097,792$0$0$2,037,624
97$8,777,803$0$0$2,214,195
98$9,522,579$0$0$2,407,791
99$10,338,578$0$0$2,620,118
100$11,232,918$0$0$2,853,055