Can I retire at age 55 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$53,263$52,789$52,326$51,874$51,433$49,668
2 years$26,368$25,877$25,401$24,940$24,492$22,731
3 years$17,404$16,911$16,436$15,979$15,539$13,838
4 years$12,923$12,431$11,961$11,512$11,082$9,455
5 years$10,235$9,746$9,282$8,842$8,425$6,874
6 years$8,444$7,959$7,502$7,071$6,666$5,194
7 years$7,165$6,684$6,234$5,814$5,421$4,028
8 years$6,206$5,729$5,287$4,877$4,498$3,181
9 years$5,460$4,988$4,554$4,154$3,788$2,547
10 years$4,864$4,397$3,970$3,581$3,227$2,060
11 years$4,377$3,914$3,495$3,116$2,775$1,680
12 years$3,971$3,513$3,102$2,734$2,405$1,378
13 years$3,628$3,175$2,771$2,413$2,097$1,136
14 years$3,334$2,886$2,490$2,142$1,839$941
15 years$3,080$2,636$2,248$1,911$1,619$781
16 years$2,858$2,419$2,038$1,711$1,431$651
17 years$2,662$2,228$1,855$1,537$1,269$543
18 years$2,488$2,058$1,693$1,385$1,128$454
19 years$2,332$1,908$1,550$1,252$1,005$380
20 years$2,192$1,773$1,422$1,134$898$319
21 years$2,066$1,651$1,308$1,029$804$268
22 years$1,951$1,541$1,206$935$720$225
23 years$1,847$1,442$1,113$852$647$189
24 years$1,751$1,351$1,030$777$581$159
25 years$1,663$1,268$954$710$523$134
26 years$1,582$1,191$885$649$471$113
27 years$1,507$1,121$821$594$425$95
28 years$1,438$1,056$764$544$383$80
29 years$1,373$997$711$499$346$67
30 years$1,313$941$662$458$313$57
31 years$1,257$890$617$421$283$48
32 years$1,204$842$576$387$256$40
33 years$1,155$797$538$355$231$34
34 years$1,109$756$502$327$210$29
35 years$1,065$717$470$301$190$24
36 years$1,024$680$439$277$172$20
37 years$986$646$411$255$156$17
38 years$949$614$385$235$141$15
39 years$915$584$361$217$128$12
40 years$882$556$338$200$116$10
41 years$851$529$317$185$105$9
42 years$821$504$297$171$96$7
43 years$793$480$279$157$87$6
44 years$766$457$262$145$79$5
45 years$741$436$246$134$72$4
46 years$717$416$231$124$65$4
47 years$693$397$217$115$59$3
48 years$671$379$204$106$54$3
49 years$650$362$192$98$49$2
50 years$630$346$180$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $645,000, adding $6,316 every year, while hoping to spend $33,355 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: 31/43/26 Blend
54$645,000$645,000$645,000$645,000
55$717,305$683,120$673,122$733,655
56$754,981$681,103$660,183$744,718
57$795,381$677,870$645,691$753,236
58$838,750$673,325$629,561$761,738
59$885,352$667,368$611,702$770,246
60$935,481$659,892$592,017$778,784
61$989,458$650,785$570,407$787,387
62$1,047,635$639,925$546,768$796,091
63$1,110,399$627,187$520,990$804,942
64$1,178,176$612,436$492,960$813,996
65$1,251,434$595,529$462,558$823,315
66$1,330,686$576,316$429,659$832,973
67$1,416,498$554,637$394,135$843,057
68$1,509,489$530,323$355,847$853,666
69$1,610,345$503,196$314,655$864,915
70$1,719,814$473,067$270,410$876,935
71$1,838,723$439,736$222,957$889,877
72$1,967,981$402,991$172,135$903,912
73$2,108,587$362,609$117,773$919,237
74$2,261,641$318,355$59,697$936,072
75$2,428,353$269,979$0$954,669
76$2,610,054$217,217$0$975,946
77$2,808,210$159,791$0$1,017,306
78$3,024,434$97,407$0$1,062,588
79$3,260,500$29,754$0$1,112,259
80$3,518,364$0$0$1,166,837
81$3,800,177$0$0$1,247,482
82$4,108,308$0$0$1,351,147
83$4,445,364$0$0$1,464,644
84$4,814,217$0$0$1,588,951
85$5,218,029$0$0$1,725,147
86$5,660,281$0$0$1,874,420
87$6,144,809$0$0$2,038,078
88$6,675,835$0$0$2,217,562
89$7,258,009$0$0$2,414,459
90$7,896,455$0$0$2,630,517
91$8,596,812$0$0$2,867,660
92$9,365,297$0$0$3,128,010
93$10,208,752$0$0$3,413,904
94$11,134,718$0$0$3,727,913
95$12,151,499$0$0$4,072,875
96$13,268,246$0$0$4,451,910
97$14,495,034$0$0$4,868,461
98$15,842,969$0$0$5,326,318
99$17,324,280$0$0$5,829,655
100$18,952,443$0$0$6,383,075