Can I retire at age 55 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$53,759$53,280$52,813$52,357$51,912$51,628
2 years$26,613$26,118$25,637$25,172$24,720$24,433
3 years$17,566$17,068$16,589$16,128$15,683$15,403
4 years$13,043$12,547$12,073$11,619$11,185$10,914
5 years$10,330$9,837$9,369$8,925$8,503$8,241
6 years$8,522$8,033$7,571$7,137$6,728$6,475
7 years$7,231$6,746$6,292$5,868$5,472$5,229
8 years$6,263$5,782$5,336$4,922$4,539$4,306
9 years$5,511$5,035$4,596$4,193$3,823$3,599
10 years$4,910$4,438$4,007$3,614$3,257$3,043
11 years$4,418$3,951$3,528$3,145$2,801$2,597
12 years$4,008$3,546$3,131$2,759$2,428$2,232
13 years$3,662$3,204$2,797$2,436$2,117$1,931
14 years$3,365$2,913$2,513$2,162$1,856$1,678
15 years$3,109$2,661$2,269$1,928$1,634$1,465
16 years$2,884$2,441$2,057$1,727$1,444$1,284
17 years$2,686$2,248$1,872$1,551$1,280$1,128
18 years$2,511$2,078$1,709$1,398$1,138$994
19 years$2,354$1,925$1,564$1,263$1,015$878
20 years$2,213$1,789$1,436$1,144$906$777
21 years$2,085$1,667$1,321$1,038$811$689
22 years$1,969$1,556$1,217$944$727$611
23 years$1,864$1,455$1,124$860$653$544
24 years$1,767$1,363$1,039$784$587$484
25 years$1,678$1,279$963$716$528$431
26 years$1,597$1,202$893$655$475$384
27 years$1,521$1,132$829$599$429$343
28 years$1,451$1,066$771$549$387$306
29 years$1,386$1,006$717$504$349$274
30 years$1,325$950$668$462$316$245
31 years$1,269$898$623$424$285$219
32 years$1,216$850$581$390$258$196
33 years$1,166$805$543$359$234$176
34 years$1,119$763$507$330$211$157
35 years$1,075$723$474$304$192$141
36 years$1,034$687$443$280$174$126
37 years$995$652$415$258$157$113
38 years$958$620$389$238$143$102
39 years$923$589$364$219$129$91
40 years$890$561$341$202$117$82
41 years$859$534$320$186$106$73
42 years$829$508$300$172$97$66
43 years$800$484$282$159$88$59
44 years$773$462$264$147$80$53
45 years$748$440$248$135$72$48
46 years$723$420$233$125$66$43
47 years$700$401$219$116$60$38
48 years$677$383$206$107$54$34
49 years$656$365$193$99$49$31
50 years$636$349$182$91$45$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $651,000, adding $4,879 every year, while hoping to spend $22,607 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: 73/13/14 Blend
54$651,000$651,000$651,000$651,000
55$722,435$687,932$677,841$772,629
56$772,069$697,587$676,495$816,168
57$826,009$706,957$674,346$860,592
58$884,669$716,005$671,344$908,648
59$948,506$724,690$667,435$960,690
60$1,018,023$732,969$662,563$1,017,109
61$1,093,773$740,796$656,671$1,078,335
62$1,176,365$748,122$649,696$1,144,842
63$1,266,468$754,894$641,575$1,217,153
64$1,364,821$761,057$632,241$1,295,844
65$1,472,234$766,550$621,622$1,381,550
66$1,589,602$771,311$609,647$1,474,970
67$1,717,908$775,272$596,237$1,576,875
68$1,858,236$778,362$581,312$1,688,116
69$2,011,777$780,503$564,787$1,809,629
70$2,179,846$781,616$546,575$1,942,448
71$2,363,889$781,613$526,584$2,087,710
72$2,565,497$780,404$504,716$2,246,670
73$2,786,425$777,891$480,871$2,420,711
74$3,028,604$773,971$454,944$2,611,358
75$3,294,161$768,534$426,824$2,820,291
76$3,585,438$761,466$396,396$3,049,362
77$3,905,018$752,642$363,539$3,300,614
78$4,255,741$741,933$328,129$3,576,297
79$4,640,738$729,200$290,034$3,878,892
80$5,063,460$714,297$249,116$4,211,134
81$5,527,704$697,068$205,232$4,576,037
82$6,037,655$677,350$158,233$4,976,924
83$6,597,924$654,969$107,962$5,417,458
84$7,213,591$629,741$54,257$5,901,676
85$7,890,250$601,470$0$6,434,028
86$8,634,065$569,952$0$7,019,876
87$9,451,829$534,969$0$7,672,849
88$10,351,023$496,290$0$8,390,823
89$11,339,890$453,671$0$9,180,394
90$12,427,513$406,855$0$10,048,835
91$13,623,899$355,571$0$11,004,157
92$14,940,073$299,530$0$12,055,191
93$16,388,182$238,429$0$13,211,668
94$17,981,612$171,947$0$14,484,311
95$19,735,109$99,745$0$15,884,937
96$21,664,923$21,466$0$17,426,571
97$23,788,959$0$0$19,123,562
98$26,126,944$0$0$21,000,778
99$28,700,616$0$0$23,070,649
100$31,533,927$0$0$25,349,372