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%12.1%
1 years$49,465$49,024$48,594$48,175$47,765$47,345
2 years$24,488$24,031$23,590$23,161$22,745$22,322
3 years$16,163$15,705$15,264$14,839$14,431$14,017
4 years$12,001$11,545$11,108$10,691$10,292$9,892
5 years$9,505$9,051$8,620$8,212$7,824$7,438
6 years$7,841$7,391$6,967$6,567$6,191$5,819
7 years$6,654$6,207$5,789$5,399$5,035$4,678
8 years$5,763$5,320$4,910$4,529$4,177$3,835
9 years$5,071$4,632$4,229$3,858$3,517$3,191
10 years$4,517$4,083$3,687$3,325$2,997$2,685
11 years$4,065$3,635$3,246$2,894$2,578$2,280
12 years$3,688$3,263$2,881$2,539$2,234$1,950
13 years$3,369$2,949$2,574$2,241$1,948$1,678
14 years$3,097$2,680$2,312$1,989$1,707$1,451
15 years$2,860$2,448$2,088$1,774$1,503$1,260
16 years$2,654$2,246$1,893$1,589$1,329$1,098
17 years$2,472$2,069$1,722$1,427$1,178$959
18 years$2,310$1,912$1,572$1,286$1,047$841
19 years$2,166$1,772$1,439$1,162$934$738
20 years$2,036$1,646$1,321$1,053$834$650
21 years$1,918$1,533$1,215$955$746$572
22 years$1,812$1,431$1,120$869$669$505
23 years$1,715$1,339$1,034$791$600$446
24 years$1,626$1,254$956$722$540$395
25 years$1,544$1,177$886$659$486$350
26 years$1,469$1,106$821$603$437$310
27 years$1,400$1,041$763$552$394$275
28 years$1,335$981$709$505$356$244
29 years$1,275$926$660$463$321$217
30 years$1,219$874$615$425$290$192
31 years$1,167$826$573$391$263$171
32 years$1,118$782$535$359$237$152
33 years$1,073$740$499$330$215$135
34 years$1,030$702$466$304$195$120
35 years$989$666$436$280$176$107
36 years$951$632$408$257$160$95
37 years$915$600$382$237$145$85
38 years$881$570$358$219$131$76
39 years$849$542$335$202$119$67
40 years$819$516$314$186$108$60
41 years$790$491$294$172$98$53
42 years$763$468$276$158$89$48
43 years$737$446$259$146$81$42
44 years$712$425$243$135$73$38
45 years$688$405$228$125$66$34
46 years$665$386$215$115$60$30
47 years$644$369$202$106$55$27
48 years$623$352$189$98$50$24
49 years$604$336$178$91$45$21
50 years$585$321$167$84$41$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $599,000, adding $4,969 every year, while hoping to spend $42,577 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: 25/47/28 Blend
54$599,000$599,000$599,000$599,000
55$665,224$633,477$624,192$675,924
56$687,775$619,215$599,801$670,967
57$711,199$602,828$573,166$661,716
58$735,541$584,166$544,166$650,915
59$760,847$563,072$512,677$638,462
60$787,169$539,377$478,566$624,251
61$814,559$512,906$441,698$608,171
62$843,078$483,472$401,928$590,104
63$872,786$450,876$359,107$569,926
64$903,751$414,910$313,078$547,507
65$936,046$375,353$263,679$522,713
66$969,749$331,971$210,738$495,398
67$1,004,943$284,518$154,078$465,415
68$1,041,721$232,733$93,512$432,605
69$1,080,179$176,339$28,848$396,804
70$1,120,424$115,046$0$357,838
71$1,162,571$48,548$0$327,526
72$1,206,745$0$0$303,658
73$1,253,081$0$0$289,617
74$1,301,725$0$0$301,267
75$1,352,837$0$0$313,541
76$1,406,591$0$0$326,487
77$1,463,173$0$0$340,153
78$1,522,791$0$0$354,594
79$1,585,666$0$0$369,871
80$1,652,041$0$0$386,048
81$1,722,184$0$0$403,196
82$1,796,382$0$0$421,392
83$1,874,953$0$0$440,723
84$1,958,241$0$0$461,280
85$2,046,623$0$0$483,166
86$2,140,513$0$0$506,491
87$2,240,361$0$0$531,378
88$2,346,662$0$0$557,960
89$2,459,955$0$0$586,383
90$2,580,834$0$0$616,808
91$2,709,945$0$0$649,410
92$2,848,001$0$0$684,384
93$2,995,781$0$0$721,939
94$3,154,138$0$0$762,310
95$3,324,010$0$0$805,750
96$3,506,427$0$0$852,540
97$3,702,515$0$0$902,988
98$3,913,516$0$0$957,431
99$4,140,789$0$0$1,016,242
100$4,385,828$0$0$1,079,827