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%15.7%
1 years$53,676$53,198$52,732$52,276$51,832$50,620
2 years$26,572$26,078$25,598$25,133$24,682$23,468
3 years$17,539$17,042$16,564$16,103$15,659$14,481
4 years$13,023$12,528$12,054$11,601$11,168$10,035
5 years$10,314$9,822$9,354$8,911$8,490$7,404
6 years$8,509$8,020$7,560$7,126$6,718$5,681
7 years$7,220$6,735$6,282$5,859$5,463$4,476
8 years$6,254$5,773$5,328$4,915$4,532$3,594
9 years$5,503$5,027$4,589$4,186$3,817$2,927
10 years$4,902$4,431$4,001$3,609$3,252$2,409
11 years$4,411$3,945$3,522$3,141$2,797$2,000
12 years$4,002$3,540$3,126$2,755$2,424$1,672
13 years$3,656$3,200$2,793$2,432$2,114$1,405
14 years$3,360$2,908$2,509$2,159$1,853$1,186
15 years$3,104$2,657$2,266$1,925$1,631$1,004
16 years$2,880$2,438$2,054$1,724$1,442$853
17 years$2,682$2,245$1,869$1,549$1,278$727
18 years$2,507$2,074$1,706$1,396$1,137$621
19 years$2,350$1,923$1,562$1,261$1,013$531
20 years$2,209$1,786$1,433$1,142$905$455
21 years$2,082$1,664$1,319$1,037$810$390
22 years$1,966$1,553$1,215$943$726$335
23 years$1,861$1,453$1,122$858$652$288
24 years$1,764$1,361$1,038$783$586$247
25 years$1,676$1,277$961$715$527$213
26 years$1,594$1,201$891$654$475$183
27 years$1,519$1,130$828$598$428$158
28 years$1,449$1,065$769$548$386$136
29 years$1,384$1,004$716$503$349$117
30 years$1,323$949$667$461$315$101
31 years$1,267$897$622$424$285$87
32 years$1,214$848$580$390$258$75
33 years$1,164$803$542$358$233$65
34 years$1,117$762$506$330$211$56
35 years$1,074$722$473$303$191$49
36 years$1,032$686$443$279$173$42
37 years$993$651$414$257$157$36
38 years$957$619$388$237$142$31
39 years$922$588$364$219$129$27
40 years$889$560$341$202$117$23
41 years$857$533$319$186$106$20
42 years$828$508$300$172$96$17
43 years$799$484$281$159$87$15
44 years$772$461$264$146$79$13
45 years$747$440$248$135$72$11
46 years$722$419$233$125$65$10
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 $5,218 every year, while hoping to spend $35,554 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: 70/23/7 Blend
54$650,000$650,000$650,000$650,000
55$721,682$687,232$677,157$771,046
56$757,465$683,078$662,013$800,224
57$795,705$677,528$645,170$827,266
58$836,617$670,476$626,533$855,881
59$880,435$661,812$606,004$886,214
60$927,413$651,415$583,479$918,426
61$977,835$639,160$558,851$952,697
62$1,032,008$624,913$532,007$989,225
63$1,090,271$608,532$502,827$1,028,228
64$1,152,997$589,868$471,190$1,069,949
65$1,220,593$568,762$436,966$1,114,655
66$1,293,509$545,047$400,020$1,162,641
67$1,372,238$518,545$360,211$1,214,236
68$1,457,320$489,068$317,392$1,269,802
69$1,549,353$456,418$271,411$1,329,739
70$1,648,989$420,385$222,105$1,394,489
71$1,756,948$380,746$169,308$1,464,542
72$1,874,022$337,268$112,845$1,540,440
73$2,001,081$289,702$52,534$1,622,779
74$2,139,080$237,787$0$1,712,222
75$2,289,073$181,245$0$1,810,384
76$2,452,217$119,784$0$1,921,431
77$2,629,785$53,096$0$2,042,346
78$2,823,181$0$0$2,174,131
79$3,033,945$0$0$2,322,737
80$3,263,775$0$0$2,499,472
81$3,514,539$0$0$2,692,338
82$3,788,294$0$0$2,902,922
83$4,087,304$0$0$3,132,967
84$4,414,059$0$0$3,384,396
85$4,771,303$0$0$3,659,326
86$5,162,057$0$0$3,960,084
87$5,589,646$0$0$4,289,236
88$6,057,733$0$0$4,649,605
89$6,570,351$0$0$5,044,303
90$7,131,939$0$0$5,476,754
91$7,747,388$0$0$5,950,730
92$8,422,085$0$0$6,470,385
93$9,161,962$0$0$7,040,294
94$9,973,552$0$0$7,665,496
95$10,864,052$0$0$8,351,543
96$11,841,389$0$0$9,104,547
97$12,914,294$0$0$9,931,244
98$14,092,385$0$0$10,839,053
99$15,386,259$0$0$11,836,144
100$16,807,585$0$0$12,931,522