Can I retire at age 55 with 627,000?

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 $627,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$51,777$51,316$50,866$50,427$49,998$48,631
2 years$25,632$25,155$24,692$24,244$23,809$22,442
3 years$16,918$16,439$15,977$15,533$15,105$13,781
4 years$12,562$12,084$11,628$11,191$10,773$9,502
5 years$9,949$9,474$9,023$8,596$8,190$6,974
6 years$8,208$7,736$7,292$6,874$6,480$5,322
7 years$6,965$6,497$6,060$5,651$5,270$4,170
8 years$6,033$5,569$5,139$4,741$4,372$3,328
9 years$5,308$4,849$4,426$4,038$3,682$2,694
10 years$4,729$4,274$3,859$3,481$3,137$2,204
11 years$4,255$3,805$3,397$3,029$2,698$1,818
12 years$3,860$3,415$3,015$2,657$2,338$1,509
13 years$3,527$3,086$2,694$2,346$2,039$1,260
14 years$3,241$2,805$2,420$2,082$1,787$1,056
15 years$2,994$2,563$2,185$1,857$1,574$889
16 years$2,778$2,351$1,981$1,663$1,391$750
17 years$2,587$2,165$1,803$1,494$1,233$634
18 years$2,418$2,001$1,646$1,346$1,096$537
19 years$2,267$1,854$1,507$1,217$977$456
20 years$2,131$1,723$1,383$1,102$873$388
21 years$2,008$1,605$1,272$1,000$781$330
22 years$1,897$1,498$1,172$909$700$281
23 years$1,795$1,401$1,082$828$629$240
24 years$1,702$1,313$1,001$755$565$205
25 years$1,617$1,232$927$690$508$175
26 years$1,538$1,158$860$631$458$149
27 years$1,465$1,090$798$577$413$127
28 years$1,397$1,027$742$529$373$109
29 years$1,335$969$691$485$336$93
30 years$1,276$915$643$445$304$80
31 years$1,222$865$600$409$275$68
32 years$1,171$818$560$376$249$58
33 years$1,123$775$523$346$225$50
34 years$1,078$735$488$318$204$43
35 years$1,036$697$456$293$184$37
36 years$996$661$427$270$167$31
37 years$958$628$400$248$151$27
38 years$923$597$374$229$137$23
39 years$889$568$351$211$125$20
40 years$857$540$329$195$113$17
41 years$827$514$308$180$102$14
42 years$798$490$289$166$93$12
43 years$771$466$271$153$84$11
44 years$745$445$255$141$77$9
45 years$720$424$239$130$70$8
46 years$697$404$225$121$63$7
47 years$674$386$211$111$57$6
48 years$652$368$198$103$52$5
49 years$632$352$186$95$47$4
50 years$612$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 $627,000, adding $6,378 every year, while hoping to spend $28,962 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: 33/43/24 Blend
54$627,000$627,000$627,000$627,000
55$697,533$664,302$654,583$715,261
56$737,866$666,037$645,697$730,855
57$781,342$666,887$635,541$744,591
58$828,252$666,777$624,045$758,811
59$878,913$665,629$611,130$773,579
60$933,677$663,360$596,718$788,962
61$992,928$659,880$580,723$805,042
62$1,057,089$655,096$563,060$821,906
63$1,126,625$648,909$543,635$839,658
64$1,202,047$641,213$522,354$858,412
65$1,283,919$631,895$499,116$878,297
66$1,372,859$620,837$473,816$899,458
67$1,469,546$607,914$446,345$922,059
68$1,574,731$592,993$416,588$946,285
69$1,689,236$575,932$384,426$972,341
70$1,813,967$556,582$349,734$1,000,459
71$1,949,923$534,786$312,381$1,030,898
72$2,098,201$510,376$272,231$1,063,948
73$2,260,009$483,176$229,142$1,099,934
74$2,436,676$452,998$182,965$1,139,218
75$2,629,667$419,645$133,545$1,182,205
76$2,840,594$382,908$80,719$1,229,347
77$3,071,230$342,566$24,318$1,281,147
78$3,323,529$298,385$0$1,338,166
79$3,599,642$250,119$0$1,410,216
80$3,901,938$197,508$0$1,496,050
81$4,233,024$140,274$0$1,590,259
82$4,595,774$78,129$0$1,693,754
83$4,993,350$10,765$0$1,807,547
84$5,429,236$0$0$1,932,760
85$5,907,270$0$0$2,100,036
86$6,431,677$0$0$2,289,223
87$7,007,112$0$0$2,496,920
88$7,638,702$0$0$2,724,988
89$8,332,096$0$0$2,975,482
90$9,093,516$0$0$3,250,661
91$9,929,813$0$0$3,553,016
92$10,848,539$0$0$3,885,290
93$11,858,010$0$0$4,250,508
94$12,967,389$0$0$4,651,999
95$14,186,771$0$0$5,093,432
96$15,527,276$0$0$5,578,850
97$17,001,156$0$0$6,112,705
98$18,621,910$0$0$6,699,906
99$20,404,410$0$0$7,345,857
100$22,365,041$0$0$8,056,517