Can I retire at age 55 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$53,676$53,198$52,732$52,276$51,832$50,579
2 years$26,572$26,078$25,598$25,133$24,682$23,427
3 years$17,539$17,042$16,564$16,103$15,659$14,442
4 years$13,023$12,528$12,054$11,601$11,168$9,998
5 years$10,314$9,822$9,354$8,911$8,490$7,369
6 years$8,509$8,020$7,560$7,126$6,718$5,648
7 years$7,220$6,735$6,282$5,859$5,463$4,445
8 years$6,254$5,773$5,328$4,915$4,532$3,565
9 years$5,503$5,027$4,589$4,186$3,817$2,900
10 years$4,902$4,431$4,001$3,609$3,252$2,384
11 years$4,411$3,945$3,522$3,141$2,797$1,976
12 years$4,002$3,540$3,126$2,755$2,424$1,650
13 years$3,656$3,200$2,793$2,432$2,114$1,384
14 years$3,360$2,908$2,509$2,159$1,853$1,167
15 years$3,104$2,657$2,266$1,925$1,631$987
16 years$2,880$2,438$2,054$1,724$1,442$838
17 years$2,682$2,245$1,869$1,549$1,278$713
18 years$2,507$2,074$1,706$1,396$1,137$607
19 years$2,350$1,923$1,562$1,261$1,013$519
20 years$2,209$1,786$1,433$1,142$905$444
21 years$2,082$1,664$1,319$1,037$810$380
22 years$1,966$1,553$1,215$943$726$326
23 years$1,861$1,453$1,122$858$652$279
24 years$1,764$1,361$1,038$783$586$240
25 years$1,676$1,277$961$715$527$206
26 years$1,594$1,201$891$654$475$177
27 years$1,519$1,130$828$598$428$153
28 years$1,449$1,065$769$548$386$131
29 years$1,384$1,004$716$503$349$113
30 years$1,323$949$667$461$315$97
31 years$1,267$897$622$424$285$84
32 years$1,214$848$580$390$258$72
33 years$1,164$803$542$358$233$62
34 years$1,117$762$506$330$211$54
35 years$1,074$722$473$303$191$46
36 years$1,032$686$443$279$173$40
37 years$993$651$414$257$157$34
38 years$957$619$388$237$142$30
39 years$922$588$364$219$129$26
40 years$889$560$341$202$117$22
41 years$857$533$319$186$106$19
42 years$828$508$300$172$96$16
43 years$799$484$281$159$87$14
44 years$772$461$264$146$79$12
45 years$747$440$248$135$72$11
46 years$722$419$233$125$65$9
47 years$699$400$219$115$59$8
48 years$676$382$206$107$54$7
49 years$655$365$193$99$49$6
50 years$635$348$182$91$45$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $650,000, adding $2,576 every year, while hoping to spend $28,840 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: 33/44/23 Blend
54$650,000$650,000$650,000$650,000
55$718,957$684,507$674,432$737,546
56$761,605$687,362$666,340$754,548
57$807,637$689,391$657,010$770,067
58$857,367$690,522$646,371$786,207
59$911,140$690,680$634,347$803,042
60$969,338$689,785$620,859$820,654
61$1,032,378$687,752$605,825$839,136
62$1,100,719$684,490$589,159$858,592
63$1,174,867$679,904$570,770$879,143
64$1,255,376$673,893$550,564$900,919
65$1,342,859$666,348$528,442$924,070
66$1,437,988$657,156$504,302$948,763
67$1,541,501$646,195$478,034$975,187
68$1,654,213$633,338$449,528$1,003,551
69$1,777,020$618,448$418,663$1,034,090
70$1,910,906$601,382$385,319$1,067,067
71$2,056,956$581,987$349,365$1,102,775
72$2,216,364$560,104$310,667$1,141,543
73$2,390,444$535,560$269,086$1,183,736
74$2,580,643$508,176$224,474$1,229,763
75$2,788,553$477,760$176,678$1,280,078
76$3,015,927$444,113$125,538$1,335,188
77$3,264,696$407,018$70,888$1,395,657
78$3,536,985$366,253$12,553$1,462,112
79$3,835,136$321,577$0$1,535,252
80$4,161,726$272,740$0$1,628,049
81$4,519,592$219,475$0$1,733,251
82$4,911,863$161,502$0$1,848,778
83$5,341,980$98,522$0$1,975,748
84$5,813,736$30,224$0$2,115,392
85$6,331,307$0$0$2,269,078
86$6,899,295$0$0$2,459,487
87$7,522,767$0$0$2,684,659
88$8,207,304$0$0$2,931,989
89$8,959,057$0$0$3,203,712
90$9,784,799$0$0$3,502,290
91$10,691,992$0$0$3,830,434
92$11,688,856$0$0$4,191,132
93$12,784,449$0$0$4,587,677
94$13,988,747$0$0$5,023,694
95$15,312,742$0$0$5,503,180
96$16,768,544$0$0$6,030,535
97$18,369,497$0$0$6,610,611
98$20,130,299$0$0$7,248,750
99$22,067,147$0$0$7,950,842
100$24,197,886$0$0$8,723,372