Can I retire at age 55 with 635,000?

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 $635,000?

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$52,438$51,971$51,515$51,070$50,636$49,312
2 years$25,959$25,476$25,007$24,553$24,112$22,787
3 years$17,134$16,649$16,181$15,731$15,298$14,013
4 years$12,723$12,239$11,776$11,334$10,911$9,677
5 years$10,076$9,595$9,139$8,705$8,294$7,114
6 years$8,313$7,835$7,385$6,962$6,563$5,438
7 years$7,053$6,580$6,137$5,724$5,337$4,267
8 years$6,110$5,640$5,205$4,801$4,428$3,412
9 years$5,376$4,911$4,483$4,090$3,729$2,767
10 years$4,789$4,329$3,908$3,525$3,177$2,268
11 years$4,309$3,854$3,441$3,068$2,732$1,874
12 years$3,910$3,459$3,054$2,691$2,368$1,559
13 years$3,572$3,126$2,728$2,376$2,065$1,304
14 years$3,283$2,841$2,451$2,109$1,810$1,096
15 years$3,032$2,595$2,213$1,881$1,594$924
16 years$2,813$2,381$2,007$1,684$1,409$781
17 years$2,620$2,193$1,826$1,513$1,249$662
18 years$2,449$2,027$1,667$1,364$1,110$562
19 years$2,296$1,878$1,526$1,232$990$478
20 years$2,158$1,745$1,400$1,116$884$407
21 years$2,034$1,626$1,288$1,013$791$348
22 years$1,921$1,517$1,187$921$709$297
23 years$1,818$1,419$1,096$839$637$254
24 years$1,724$1,330$1,014$765$572$217
25 years$1,637$1,248$939$699$515$186
26 years$1,557$1,173$871$639$464$159
27 years$1,484$1,104$809$585$418$136
28 years$1,415$1,040$752$536$377$117
29 years$1,352$981$700$491$341$100
30 years$1,293$927$652$451$308$86
31 years$1,237$876$607$414$278$74
32 years$1,186$829$567$381$252$63
33 years$1,137$785$529$350$228$54
34 years$1,092$744$494$322$206$47
35 years$1,049$706$462$296$187$40
36 years$1,009$670$432$273$169$34
37 years$970$636$405$251$153$29
38 years$934$605$379$232$139$25
39 years$900$575$355$214$126$22
40 years$868$547$333$197$114$19
41 years$838$521$312$182$104$16
42 years$808$496$293$168$94$14
43 years$781$472$275$155$85$12
44 years$754$450$258$143$78$10
45 years$729$429$242$132$70$9
46 years$705$410$227$122$64$7
47 years$683$391$214$113$58$6
48 years$661$373$201$104$53$6
49 years$640$356$189$96$48$5
50 years$620$340$177$89$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $635,000, adding $6,735 every year, while hoping to spend $35,436 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: 42/39/19 Blend
54$635,000$635,000$635,000$635,000
55$706,717$673,062$663,220$732,212
56$741,099$668,339$647,734$746,202
57$777,799$662,196$630,542$757,381
58$817,019$654,527$611,548$768,750
59$858,974$645,219$590,655$780,344
60$903,906$634,151$567,759$792,205
61$952,077$621,196$542,751$804,382
62$1,003,774$606,220$515,518$816,930
63$1,059,313$589,079$485,942$829,913
64$1,119,042$569,623$453,900$843,407
65$1,183,341$547,692$419,263$857,497
66$1,252,628$523,115$381,895$872,281
67$1,327,364$495,715$341,655$887,871
68$1,408,051$465,302$298,397$904,394
69$1,495,246$431,675$251,967$921,995
70$1,589,557$394,623$202,204$940,837
71$1,691,655$353,922$148,941$961,107
72$1,802,275$309,336$92,001$983,014
73$1,922,228$260,614$31,204$1,006,795
74$2,052,404$207,493$0$1,032,717
75$2,193,782$149,693$0$1,067,908
76$2,347,439$86,920$0$1,113,071
77$2,514,562$18,862$0$1,162,296
78$2,696,453$0$0$1,216,052
79$2,894,547$0$0$1,298,381
80$3,110,423$0$0$1,396,995
81$3,345,818$0$0$1,504,602
82$3,602,645$0$0$1,622,087
83$3,883,007$0$0$1,750,421
84$4,189,223$0$0$1,890,676
85$4,523,843$0$0$2,044,031
86$4,889,675$0$0$2,211,784
87$5,289,810$0$0$2,395,365
88$5,727,652$0$0$2,596,348
89$6,206,950$0$0$2,816,465
90$6,731,832$0$0$3,057,626
91$7,306,842$0$0$3,321,932
92$7,936,987$0$0$3,611,699
93$8,627,779$0$0$3,929,477
94$9,385,291$0$0$4,278,074
95$10,216,209$0$0$4,660,583
96$11,127,900$0$0$5,080,412
97$12,128,477$0$0$5,541,313
98$13,226,877$0$0$6,047,421
99$14,432,944$0$0$6,603,290
100$15,757,524$0$0$7,213,938