Can I retire at age 55 with 632,000?

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 $632,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$52,190$51,725$51,272$50,829$50,397$48,454
2 years$25,837$25,355$24,889$24,437$23,998$22,065
3 years$17,053$16,570$16,105$15,657$15,226$13,362
4 years$12,663$12,181$11,720$11,280$10,859$9,079
5 years$10,029$9,550$9,095$8,664$8,255$6,563
6 years$8,273$7,798$7,350$6,929$6,532$4,929
7 years$7,020$6,549$6,108$5,697$5,312$3,798
8 years$6,081$5,614$5,180$4,779$4,407$2,980
9 years$5,350$4,888$4,462$4,070$3,711$2,370
10 years$4,766$4,308$3,890$3,509$3,162$1,904
11 years$4,289$3,835$3,425$3,054$2,720$1,541
12 years$3,891$3,442$3,039$2,678$2,357$1,255
13 years$3,555$3,111$2,715$2,365$2,055$1,027
14 years$3,267$2,828$2,440$2,099$1,801$844
15 years$3,018$2,583$2,203$1,872$1,586$696
16 years$2,800$2,370$1,997$1,676$1,402$575
17 years$2,608$2,183$1,817$1,506$1,243$476
18 years$2,437$2,017$1,659$1,357$1,105$395
19 years$2,285$1,869$1,519$1,226$985$328
20 years$2,148$1,737$1,394$1,111$880$272
21 years$2,024$1,618$1,282$1,008$787$227
22 years$1,912$1,510$1,182$917$706$189
23 years$1,809$1,413$1,091$835$634$157
24 years$1,716$1,323$1,009$761$569$131
25 years$1,629$1,242$935$695$512$109
26 years$1,550$1,167$867$636$462$91
27 years$1,477$1,099$805$582$416$76
28 years$1,409$1,035$748$533$376$64
29 years$1,345$977$696$489$339$53
30 years$1,286$922$649$449$306$44
31 years$1,231$872$605$412$277$37
32 years$1,180$825$564$379$251$31
33 years$1,132$781$527$348$227$26
34 years$1,087$740$492$320$205$22
35 years$1,044$702$460$295$186$18
36 years$1,004$667$430$272$168$15
37 years$966$633$403$250$153$13
38 years$930$602$377$231$138$11
39 years$896$572$353$213$126$9
40 years$864$544$331$196$114$7
41 years$834$518$311$181$103$6
42 years$805$493$291$167$94$5
43 years$777$470$273$154$85$4
44 years$751$448$257$142$77$4
45 years$726$427$241$132$70$3
46 years$702$408$226$121$64$3
47 years$679$389$213$112$58$2
48 years$658$371$200$104$52$2
49 years$637$355$188$96$48$1
50 years$617$339$177$89$43$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $632,000, adding $6,660 every year, while hoping to spend $22,881 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: 40/42/18 Blend
54$632,000$632,000$632,000$632,000
55$703,334$669,838$660,042$727,471
56$750,729$678,315$657,808$753,786
57$802,191$686,440$654,732$779,530
58$858,111$694,172$650,763$806,901
59$918,920$701,468$645,844$836,060
60$985,089$708,279$639,919$867,183
61$1,057,139$714,556$632,928$900,466
62$1,135,643$720,245$624,807$936,126
63$1,221,230$725,289$615,490$974,404
64$1,314,595$729,627$604,908$1,015,566
65$1,416,499$733,195$592,988$1,059,907
66$1,527,785$735,924$579,656$1,107,752
67$1,649,376$737,741$564,831$1,159,462
68$1,782,290$738,568$548,431$1,215,437
69$1,927,649$738,323$530,369$1,276,119
70$2,086,687$736,919$510,554$1,341,995
71$2,260,763$734,262$488,891$1,413,607
72$2,451,374$730,254$465,282$1,491,553
73$2,660,167$724,789$439,622$1,576,493
74$2,888,958$717,758$411,803$1,669,158
75$3,139,745$709,042$381,712$1,770,358
76$3,414,731$698,516$349,231$1,880,984
77$3,716,338$686,049$314,236$2,002,026
78$4,047,239$671,499$276,597$2,134,574
79$4,410,375$654,720$236,180$2,279,836
80$4,808,985$635,554$192,845$2,439,142
81$5,246,640$613,834$146,443$2,613,968
82$5,727,270$589,384$96,821$2,805,939
83$6,255,207$562,019$43,820$3,016,853
84$6,835,221$531,542$0$3,248,695
85$7,472,570$497,743$0$3,506,106
86$8,173,042$460,403$0$3,798,199
87$8,943,019$419,289$0$4,119,260
88$9,789,528$374,155$0$4,472,278
89$10,720,311$324,741$0$4,860,551
90$11,743,901$270,771$0$5,287,718
91$12,869,695$211,955$0$5,757,794
92$14,108,050$147,986$0$6,275,208
93$15,470,374$78,541$0$6,844,847
94$16,969,240$3,277$0$7,472,101
95$18,618,498$0$0$8,162,916
96$20,433,410$0$0$8,959,977
97$22,430,791$0$0$9,838,940
98$24,629,171$0$0$10,806,456
99$27,048,963$0$0$11,871,523
100$29,712,665$0$0$13,044,055