Can I retire at age 55 with 639,000?

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 $639,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$52,768$52,298$51,839$51,392$50,955$49,166
2 years$26,123$25,636$25,165$24,708$24,264$22,481
3 years$17,242$16,754$16,283$15,830$15,394$13,673
4 years$12,803$12,316$11,850$11,405$10,979$9,332
5 years$10,140$9,656$9,196$8,760$8,346$6,778
6 years$8,365$7,885$7,432$7,005$6,604$5,116
7 years$7,098$6,621$6,176$5,760$5,371$3,963
8 years$6,148$5,676$5,238$4,832$4,456$3,126
9 years$5,410$4,942$4,511$4,115$3,752$2,500
10 years$4,819$4,356$3,933$3,548$3,197$2,019
11 years$4,336$3,878$3,463$3,087$2,750$1,644
12 years$3,934$3,481$3,073$2,708$2,383$1,347
13 years$3,594$3,145$2,745$2,391$2,078$1,110
14 years$3,303$2,859$2,467$2,122$1,821$917
15 years$3,051$2,612$2,227$1,893$1,604$761
16 years$2,831$2,396$2,019$1,695$1,417$633
17 years$2,637$2,207$1,837$1,523$1,257$527
18 years$2,464$2,039$1,677$1,372$1,117$440
19 years$2,310$1,890$1,536$1,240$996$368
20 years$2,172$1,756$1,409$1,123$890$308
21 years$2,047$1,636$1,296$1,019$796$258
22 years$1,933$1,527$1,195$927$714$217
23 years$1,829$1,428$1,103$844$641$182
24 years$1,735$1,338$1,020$770$576$153
25 years$1,647$1,256$945$703$518$128
26 years$1,567$1,180$876$643$467$108
27 years$1,493$1,111$814$588$421$91
28 years$1,424$1,047$756$539$380$76
29 years$1,360$987$704$494$343$64
30 years$1,301$932$656$454$310$54
31 years$1,245$882$611$417$280$45
32 years$1,193$834$570$383$253$38
33 years$1,144$790$533$352$229$32
34 years$1,099$749$498$324$208$27
35 years$1,055$710$465$298$188$23
36 years$1,015$674$435$275$170$19
37 years$977$640$407$253$154$16
38 years$940$608$381$233$140$14
39 years$906$578$357$215$127$11
40 years$874$550$335$198$115$10
41 years$843$524$314$183$104$8
42 years$814$499$295$169$95$7
43 years$786$475$276$156$86$6
44 years$759$453$260$144$78$5
45 years$734$432$244$133$71$4
46 years$710$412$229$123$64$3
47 years$687$393$215$113$58$3
48 years$665$376$202$105$53$2
49 years$644$359$190$97$48$2
50 years$624$343$179$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $639,000, adding $3,533 every year, while hoping to spend $27,893 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: 49/36/15 Blend
54$639,000$639,000$639,000$639,000
55$707,822$673,955$664,051$739,402
56$750,342$677,301$656,619$764,894
57$796,264$679,876$648,002$789,396
58$845,906$681,613$638,133$815,397
59$899,617$682,440$626,939$843,049
60$957,780$682,282$614,344$872,518
61$1,020,817$681,058$600,268$903,990
62$1,089,193$678,682$584,629$937,669
63$1,163,417$675,063$567,341$973,783
64$1,244,050$670,106$548,311$1,012,586
65$1,331,710$663,708$527,446$1,054,357
66$1,427,075$655,760$504,646$1,099,406
67$1,530,892$646,148$479,808$1,148,077
68$1,643,984$634,751$452,822$1,200,753
69$1,767,255$621,438$423,577$1,257,854
70$1,901,701$606,074$391,952$1,319,849
71$2,048,417$588,514$357,825$1,387,255
72$2,208,609$568,605$321,065$1,460,647
73$2,383,605$546,185$281,539$1,540,659
74$2,574,867$521,082$239,105$1,627,993
75$2,784,004$493,116$193,616$1,723,429
76$3,012,788$462,094$144,917$1,827,825
77$3,263,169$427,813$92,849$1,942,135
78$3,537,297$390,060$37,243$2,067,411
79$3,837,535$348,607$0$2,204,818
80$4,166,490$303,216$0$2,359,181
81$4,527,031$253,632$0$2,534,979
82$4,922,317$199,589$0$2,727,850
83$5,355,828$140,803$0$2,939,565
84$5,831,398$76,978$0$3,172,082
85$6,353,248$7,797$0$3,427,561
86$6,926,028$0$0$3,708,389
87$7,554,862$0$0$4,043,767
88$8,245,392$0$0$4,415,515
89$9,003,834$0$0$4,823,898
90$9,837,035$0$0$5,272,613
91$10,752,539$0$0$5,765,733
92$11,758,657$0$0$6,307,743
93$12,864,543$0$0$6,903,586
94$14,080,285$0$0$7,558,707
95$15,416,995$0$0$8,279,106
96$16,886,915$0$0$9,071,392
97$18,503,535$0$0$9,942,848
98$20,281,716$0$0$10,901,496
99$22,237,832$0$0$11,956,178
100$24,389,925$0$0$13,116,633