Can I retire at age 55 with 604,000?

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 $604,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$49,878$49,433$49,000$48,577$48,164$47,405
2 years$24,692$24,232$23,786$23,354$22,935$22,173
3 years$16,298$15,836$15,391$14,963$14,551$13,808
4 years$12,102$11,641$11,201$10,780$10,378$9,661
5 years$9,584$9,127$8,692$8,280$7,889$7,200
6 years$7,907$7,453$7,025$6,622$6,242$5,582
7 years$6,709$6,259$5,838$5,444$5,077$4,445
8 years$5,811$5,365$4,951$4,567$4,212$3,609
9 years$5,113$4,671$4,264$3,890$3,547$2,972
10 years$4,555$4,117$3,718$3,353$3,022$2,475
11 years$4,099$3,665$3,273$2,918$2,599$2,080
12 years$3,719$3,290$2,905$2,560$2,252$1,760
13 years$3,398$2,973$2,595$2,260$1,964$1,498
14 years$3,122$2,702$2,332$2,006$1,722$1,280
15 years$2,884$2,469$2,105$1,789$1,516$1,099
16 years$2,676$2,265$1,909$1,602$1,340$946
17 years$2,492$2,086$1,737$1,439$1,188$817
18 years$2,329$1,928$1,585$1,297$1,056$708
19 years$2,184$1,786$1,451$1,172$941$614
20 years$2,053$1,660$1,332$1,062$841$533
21 years$1,934$1,546$1,225$963$753$464
22 years$1,827$1,443$1,129$876$675$404
23 years$1,729$1,350$1,043$798$606$353
24 years$1,640$1,265$964$728$544$308
25 years$1,557$1,187$893$664$490$269
26 years$1,481$1,116$828$608$441$235
27 years$1,411$1,050$769$556$398$206
28 years$1,346$989$715$510$359$180
29 years$1,286$933$665$467$324$158
30 years$1,229$881$620$429$293$138
31 years$1,177$833$578$394$265$121
32 years$1,128$788$539$362$239$106
33 years$1,082$747$503$333$217$93
34 years$1,038$708$470$306$196$82
35 years$998$671$440$282$178$72
36 years$959$637$411$260$161$63
37 years$923$605$385$239$146$55
38 years$889$575$361$220$132$48
39 years$856$547$338$203$120$43
40 years$826$520$317$188$109$37
41 years$797$495$297$173$99$33
42 years$769$472$278$160$90$29
43 years$743$449$261$147$81$25
44 years$718$428$245$136$74$22
45 years$694$408$230$126$67$20
46 years$671$390$216$116$61$17
47 years$649$372$203$107$55$15
48 years$629$355$191$99$50$13
49 years$609$339$180$92$46$12
50 years$590$324$169$85$41$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $604,000, adding $2,854 every year, while hoping to spend $29,559 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: 63/19/18 Blend
54$604,000$604,000$604,000$604,000
55$668,552$636,540$627,178$707,457
56$705,294$636,280$616,738$733,709
57$744,792$635,016$604,957$758,767
58$787,298$632,669$591,760$785,436
59$833,085$629,152$577,067$813,873
60$882,455$624,376$560,794$844,257
61$935,740$618,245$542,855$876,780
62$993,302$610,656$523,157$911,658
63$1,055,543$601,502$501,607$949,131
64$1,122,901$590,668$478,104$989,461
65$1,195,860$578,034$452,543$1,032,942
66$1,274,951$563,471$424,817$1,079,896
67$1,360,759$546,844$394,811$1,130,680
68$1,453,926$528,008$362,406$1,185,690
69$1,555,158$506,813$327,479$1,245,364
70$1,665,233$483,096$289,898$1,310,185
71$1,785,006$456,687$249,529$1,380,687
72$1,915,419$427,407$206,231$1,457,463
73$2,057,507$395,065$159,855$1,541,164
74$2,212,409$359,459$110,246$1,632,515
75$2,381,380$320,378$57,245$1,732,314
76$2,565,800$277,596$682$1,841,442
77$2,767,189$230,875$0$1,960,875
78$2,987,219$179,965$0$2,103,153
79$3,227,732$124,600$0$2,258,889
80$3,490,756$64,501$0$2,429,302
81$3,778,523$0$0$2,615,884
82$4,093,491$0$0$2,820,410
83$4,438,367$0$0$3,059,165
84$4,816,131$0$0$3,320,732
85$5,230,066$0$0$3,607,389
86$5,683,788$0$0$3,921,645
87$6,181,277$0$0$4,266,264
88$6,726,919$0$0$4,644,289
89$7,325,543$0$0$5,059,073
90$7,982,471$0$0$5,514,308
91$8,703,561$0$0$6,014,063
92$9,495,269$0$0$6,562,818
93$10,364,705$0$0$7,165,507
94$11,319,704$0$0$7,827,570
95$12,368,892$0$0$8,554,995
96$13,521,777$0$0$9,354,382
97$14,788,831$0$0$10,233,000
98$16,181,591$0$0$11,198,857
99$17,712,768$0$0$12,260,778
100$19,396,366$0$0$13,428,483