Can I retire at age 55 with 599,000?

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 $599,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$49,465$49,024$48,594$48,175$47,765$46,916
2 years$24,488$24,031$23,590$23,161$22,745$21,893
3 years$16,163$15,705$15,264$14,839$14,431$13,601
4 years$12,001$11,545$11,108$10,691$10,292$9,492
5 years$9,505$9,051$8,620$8,212$7,824$7,056
6 years$7,841$7,391$6,967$6,567$6,191$5,455
7 years$6,654$6,207$5,789$5,399$5,035$4,332
8 years$5,763$5,320$4,910$4,529$4,177$3,507
9 years$5,071$4,632$4,229$3,858$3,517$2,880
10 years$4,517$4,083$3,687$3,325$2,997$2,391
11 years$4,065$3,635$3,246$2,894$2,578$2,003
12 years$3,688$3,263$2,881$2,539$2,234$1,689
13 years$3,369$2,949$2,574$2,241$1,948$1,433
14 years$3,097$2,680$2,312$1,989$1,707$1,221
15 years$2,860$2,448$2,088$1,774$1,503$1,044
16 years$2,654$2,246$1,893$1,589$1,329$896
17 years$2,472$2,069$1,722$1,427$1,178$771
18 years$2,310$1,912$1,572$1,286$1,047$665
19 years$2,166$1,772$1,439$1,162$934$575
20 years$2,036$1,646$1,321$1,053$834$498
21 years$1,918$1,533$1,215$955$746$431
22 years$1,812$1,431$1,120$869$669$374
23 years$1,715$1,339$1,034$791$600$325
24 years$1,626$1,254$956$722$540$283
25 years$1,544$1,177$886$659$486$246
26 years$1,469$1,106$821$603$437$214
27 years$1,400$1,041$763$552$394$187
28 years$1,335$981$709$505$356$163
29 years$1,275$926$660$463$321$142
30 years$1,219$874$615$425$290$124
31 years$1,167$826$573$391$263$108
32 years$1,118$782$535$359$237$94
33 years$1,073$740$499$330$215$82
34 years$1,030$702$466$304$195$72
35 years$989$666$436$280$176$63
36 years$951$632$408$257$160$55
37 years$915$600$382$237$145$48
38 years$881$570$358$219$131$42
39 years$849$542$335$202$119$37
40 years$819$516$314$186$108$32
41 years$790$491$294$172$98$28
42 years$763$468$276$158$89$25
43 years$737$446$259$146$81$21
44 years$712$425$243$135$73$19
45 years$688$405$228$125$66$16
46 years$665$386$215$115$60$14
47 years$644$369$202$106$55$13
48 years$623$352$189$98$50$11
49 years$604$336$178$91$45$10
50 years$585$321$167$84$41$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $599,000, adding $2,820 every year, while hoping to spend $50,875 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: 41/36/23 Blend
54$599,000$599,000$599,000$599,000
55$663,007$631,260$621,975$685,600
56$676,503$608,061$588,681$678,854
57$689,670$582,020$552,566$666,499
58$702,422$552,945$513,482$652,108
59$714,661$520,630$471,275$635,523
60$726,276$484,861$425,783$616,575
61$737,146$445,409$376,836$595,083
62$747,133$402,032$324,259$570,850
63$756,085$354,476$267,866$543,669
64$763,832$302,471$207,465$513,315
65$770,183$245,733$142,856$479,547
66$774,928$183,961$73,828$442,106
67$777,833$116,836$163$400,715
68$778,635$44,024$0$355,074
69$777,044$0$0$324,116
70$772,740$0$0$303,332
71$765,365$0$0$298,557
72$754,522$0$0$292,170
73$739,773$0$0$283,970
74$720,630$0$0$273,738
75$696,555$0$0$261,226
76$666,950$0$0$246,165
77$631,156$0$0$228,255
78$588,439$0$0$207,162
79$537,992$0$0$182,520
80$478,920$0$0$153,922
81$410,233$0$0$120,920
82$330,838$0$0$83,018
83$239,525$0$0$39,668
84$134,959$0$0$0
85$15,664$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0