Can I retire at age 55 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$53,098$52,625$52,164$51,714$51,274$49,852
2 years$26,286$25,797$25,322$24,862$24,416$22,995
3 years$17,350$16,858$16,385$15,929$15,491$14,114
4 years$12,883$12,393$11,924$11,476$11,048$9,726
5 years$10,203$9,716$9,254$8,815$8,399$7,135
6 years$8,417$7,934$7,478$7,049$6,645$5,442
7 years$7,142$6,663$6,215$5,796$5,405$4,261
8 years$6,186$5,711$5,270$4,862$4,484$3,399
9 years$5,443$4,973$4,539$4,141$3,776$2,750
10 years$4,849$4,383$3,958$3,570$3,217$2,248
11 years$4,364$3,902$3,484$3,107$2,767$1,853
12 years$3,959$3,502$3,092$2,725$2,398$1,538
13 years$3,617$3,165$2,763$2,406$2,091$1,283
14 years$3,324$2,877$2,482$2,136$1,833$1,075
15 years$3,070$2,628$2,241$1,905$1,614$903
16 years$2,849$2,411$2,032$1,705$1,426$762
17 years$2,653$2,221$1,849$1,532$1,265$644
18 years$2,480$2,052$1,688$1,381$1,124$545
19 years$2,325$1,902$1,545$1,248$1,002$462
20 years$2,185$1,767$1,418$1,130$895$393
21 years$2,059$1,646$1,304$1,026$801$334
22 years$1,945$1,537$1,202$933$718$284
23 years$1,841$1,437$1,110$849$645$242
24 years$1,745$1,347$1,027$775$579$207
25 years$1,658$1,264$951$707$521$176
26 years$1,577$1,188$882$647$470$150
27 years$1,502$1,118$819$592$423$128
28 years$1,433$1,053$761$542$382$110
29 years$1,369$994$708$497$345$94
30 years$1,309$938$660$456$312$80
31 years$1,253$887$615$419$282$69
32 years$1,201$839$574$385$255$59
33 years$1,152$795$536$354$231$50
34 years$1,105$753$501$326$209$43
35 years$1,062$715$468$300$189$37
36 years$1,021$678$438$276$171$31
37 years$983$644$410$255$155$27
38 years$946$612$384$235$141$23
39 years$912$582$360$216$128$20
40 years$879$554$337$200$116$17
41 years$848$527$316$184$105$14
42 years$819$502$296$170$95$12
43 years$791$478$278$157$87$11
44 years$764$456$261$145$79$9
45 years$739$435$245$134$71$8
46 years$714$415$230$124$65$7
47 years$691$396$216$114$59$6
48 years$669$378$203$106$53$5
49 years$648$361$191$98$49$4
50 years$628$345$180$90$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $643,000, adding $6,012 every year, while hoping to spend $31,182 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: 60/22/18 Blend
54$643,000$643,000$643,000$643,000
55$714,787$680,708$670,742$754,006
56$754,518$680,886$660,034$781,397
57$797,257$680,027$647,923$807,285
58$843,276$678,047$634,328$834,812
59$892,878$674,859$619,165$864,139
60$946,392$670,368$602,348$895,447
61$1,004,182$664,473$583,784$928,936
62$1,066,645$657,070$563,378$964,827
63$1,134,221$648,044$541,029$1,003,366
64$1,207,391$637,278$516,633$1,044,824
65$1,286,686$624,645$490,081$1,089,503
66$1,372,686$610,011$461,257$1,137,736
67$1,466,034$593,235$430,043$1,189,890
68$1,567,433$574,168$396,313$1,246,374
69$1,677,658$552,649$359,937$1,307,641
70$1,797,563$528,512$320,778$1,374,188
71$1,928,084$501,579$278,694$1,446,571
72$2,070,255$471,663$233,536$1,525,399
73$2,225,210$438,563$185,149$1,611,349
74$2,394,200$402,071$133,370$1,705,169
75$2,578,601$361,965$78,030$1,807,687
76$2,779,926$318,010$18,953$1,919,816
77$2,999,844$269,957$0$2,042,567
78$3,240,188$217,546$0$2,185,527
79$3,502,980$160,498$0$2,345,896
80$3,790,444$98,523$0$2,521,434
81$4,105,029$31,310$0$2,713,689
82$4,449,433$0$0$2,924,369
83$4,826,625$0$0$3,165,396
84$5,239,877$0$0$3,437,820
85$5,692,789$0$0$3,736,442
86$6,189,330$0$0$4,063,884
87$6,733,868$0$0$4,423,034
88$7,331,215$0$0$4,817,074
89$7,986,672$0$0$5,249,508
90$8,706,078$0$0$5,724,193
91$9,495,863$0$0$6,245,383
92$10,363,112$0$0$6,817,759
93$11,315,628$0$0$7,446,482
94$12,362,009$0$0$8,137,233
95$13,511,724$0$0$8,896,274
96$14,775,207$0$0$9,730,502
97$16,163,952$0$0$10,647,516
98$17,690,622$0$0$11,655,687
99$19,369,167$0$0$12,764,239
100$21,214,958$0$0$13,983,332