Can I retire at age 55 with 653,000?

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 $653,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$53,924$53,444$52,975$52,518$52,071$50,424
2 years$26,695$26,198$25,716$25,249$24,796$23,152
3 years$17,620$17,121$16,640$16,177$15,731$14,142
4 years$13,083$12,585$12,110$11,655$11,220$9,696
5 years$10,362$9,867$9,398$8,952$8,529$7,076
6 years$8,548$8,057$7,595$7,159$6,749$5,367
7 years$7,253$6,766$6,311$5,886$5,489$4,179
8 years$6,283$5,800$5,352$4,937$4,553$3,314
9 years$5,528$5,050$4,610$4,206$3,835$2,665
10 years$4,925$4,451$4,019$3,625$3,267$2,165
11 years$4,431$3,963$3,538$3,155$2,810$1,773
12 years$4,021$3,557$3,140$2,767$2,435$1,462
13 years$3,673$3,214$2,806$2,443$2,123$1,211
14 years$3,376$2,922$2,521$2,169$1,861$1,007
15 years$3,118$2,669$2,276$1,934$1,639$841
16 years$2,893$2,449$2,063$1,732$1,448$704
17 years$2,695$2,255$1,878$1,556$1,284$591
18 years$2,518$2,084$1,714$1,402$1,142$496
19 years$2,361$1,931$1,569$1,267$1,018$418
20 years$2,219$1,795$1,440$1,148$909$352
21 years$2,091$1,672$1,325$1,042$814$297
22 years$1,975$1,560$1,221$947$729$251
23 years$1,869$1,459$1,127$862$655$212
24 years$1,773$1,367$1,042$787$588$180
25 years$1,684$1,283$966$718$529$152
26 years$1,602$1,206$896$657$477$129
27 years$1,526$1,135$832$601$430$109
28 years$1,455$1,070$773$551$388$92
29 years$1,390$1,009$719$505$350$78
30 years$1,329$953$670$464$317$66
31 years$1,272$901$625$426$286$56
32 years$1,219$852$583$391$259$48
33 years$1,169$807$544$360$234$40
34 years$1,123$765$508$331$212$34
35 years$1,079$726$475$305$192$29
36 years$1,037$689$445$281$174$25
37 years$998$654$416$259$158$21
38 years$961$622$390$238$143$18
39 years$926$591$365$220$130$15
40 years$893$562$342$203$118$13
41 years$861$535$321$187$107$11
42 years$831$510$301$173$97$9
43 years$803$486$283$159$88$8
44 years$776$463$265$147$80$7
45 years$750$442$249$136$72$6
46 years$725$421$234$126$66$5
47 years$702$402$220$116$60$4
48 years$680$384$206$107$54$3
49 years$658$366$194$99$49$3
50 years$638$350$182$92$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $653,000, adding $3,904 every year, while hoping to spend $20,943 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: 59/30/11 Blend
54$653,000$653,000$653,000$653,000
55$723,633$689,024$678,902$764,192
56$775,160$700,503$679,363$803,426
57$831,242$711,842$679,136$843,487
58$892,319$723,014$678,178$886,662
59$958,880$733,985$676,441$933,252
60$1,031,459$744,724$673,875$983,590
61$1,110,647$755,195$670,429$1,038,042
62$1,197,092$765,359$666,048$1,097,012
63$1,291,510$775,175$660,674$1,160,945
64$1,394,685$784,601$654,249$1,230,332
65$1,507,485$793,588$646,708$1,305,714
66$1,630,863$802,088$637,987$1,387,689
67$1,765,868$810,048$628,017$1,476,913
68$1,913,657$817,410$616,725$1,574,113
69$2,075,501$824,114$604,037$1,680,088
70$2,252,803$830,097$589,873$1,795,721
71$2,447,106$835,289$574,151$1,921,985
72$2,660,111$839,618$556,785$2,059,952
73$2,893,689$843,006$537,684$2,210,805
74$3,149,903$845,371$516,754$2,375,849
75$3,431,024$846,625$493,896$2,556,520
76$3,739,554$846,675$469,007$2,754,406
77$4,078,249$845,422$441,979$2,971,254
78$4,450,144$842,762$412,700$3,208,993
79$4,858,584$838,582$381,051$3,469,748
80$5,307,252$832,766$346,909$3,755,864
81$5,800,207$825,187$310,145$4,069,925
82$6,341,920$815,712$270,626$4,414,781
83$6,937,315$804,201$228,211$4,793,574
84$7,591,818$790,504$182,754$5,209,768
85$8,311,408$774,464$134,101$5,667,184
86$9,102,671$755,911$82,092$6,170,032
87$9,972,863$734,671$26,562$6,722,955
88$10,929,978$710,553$0$7,331,074
89$11,982,826$683,360$0$8,003,870
90$13,141,111$652,881$0$8,747,303
91$14,415,526$618,894$0$9,565,136
92$15,817,853$581,164$0$10,464,954
93$17,361,074$539,440$0$11,455,120
94$19,059,492$493,461$0$12,544,850
95$20,928,868$442,948$0$13,744,304
96$22,986,567$387,608$0$15,064,680
97$25,251,724$327,128$0$16,518,322
98$27,745,425$261,182$0$18,118,835
99$30,490,900$189,422$0$19,881,215
100$33,513,750$111,482$0$21,821,990