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%14.1%
1 years$49,878$49,433$49,000$48,577$48,164$47,346
2 years$24,692$24,232$23,786$23,354$22,935$22,114
3 years$16,298$15,836$15,391$14,963$14,551$13,752
4 years$12,102$11,641$11,201$10,780$10,378$9,607
5 years$9,584$9,127$8,692$8,280$7,889$7,149
6 years$7,907$7,453$7,025$6,622$6,242$5,533
7 years$6,709$6,259$5,838$5,444$5,077$4,399
8 years$5,811$5,365$4,951$4,567$4,212$3,565
9 years$5,113$4,671$4,264$3,890$3,547$2,931
10 years$4,555$4,117$3,718$3,353$3,022$2,437
11 years$4,099$3,665$3,273$2,918$2,599$2,043
12 years$3,719$3,290$2,905$2,560$2,252$1,726
13 years$3,398$2,973$2,595$2,260$1,964$1,465
14 years$3,122$2,702$2,332$2,006$1,722$1,250
15 years$2,884$2,469$2,105$1,789$1,516$1,071
16 years$2,676$2,265$1,909$1,602$1,340$921
17 years$2,492$2,086$1,737$1,439$1,188$793
18 years$2,329$1,928$1,585$1,297$1,056$685
19 years$2,184$1,786$1,451$1,172$941$593
20 years$2,053$1,660$1,332$1,062$841$514
21 years$1,934$1,546$1,225$963$753$446
22 years$1,827$1,443$1,129$876$675$388
23 years$1,729$1,350$1,043$798$606$338
24 years$1,640$1,265$964$728$544$294
25 years$1,557$1,187$893$664$490$256
26 years$1,481$1,116$828$608$441$224
27 years$1,411$1,050$769$556$398$195
28 years$1,346$989$715$510$359$170
29 years$1,286$933$665$467$324$149
30 years$1,229$881$620$429$293$130
31 years$1,177$833$578$394$265$114
32 years$1,128$788$539$362$239$99
33 years$1,082$747$503$333$217$87
34 years$1,038$708$470$306$196$76
35 years$998$671$440$282$178$67
36 years$959$637$411$260$161$58
37 years$923$605$385$239$146$51
38 years$889$575$361$220$132$45
39 years$856$547$338$203$120$39
40 years$826$520$317$188$109$34
41 years$797$495$297$173$99$30
42 years$769$472$278$160$90$26
43 years$743$449$261$147$81$23
44 years$718$428$245$136$74$20
45 years$694$408$230$126$67$18
46 years$671$390$216$116$61$16
47 years$649$372$203$107$55$14
48 years$629$355$191$99$50$12
49 years$609$339$180$92$46$10
50 years$590$324$169$85$41$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $604,000, adding $2,674 every year, while hoping to spend $23,906 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: 78/5/17 Blend
54$604,000$604,000$604,000$604,000
55$668,366$636,354$626,992$717,795
56$711,104$642,100$622,561$756,526
57$757,399$647,326$617,179$795,719
58$807,591$651,981$610,791$838,056
59$862,049$656,012$603,337$883,842
60$921,182$659,361$594,753$933,416
61$985,441$661,968$584,975$987,148
62$1,055,318$663,766$573,934$1,045,448
63$1,131,357$664,688$561,558$1,108,767
64$1,214,157$664,659$547,771$1,177,602
65$1,304,375$663,601$532,496$1,252,501
66$1,402,737$661,433$515,650$1,334,068
67$1,510,039$658,066$497,147$1,422,968
68$1,627,158$653,407$476,897$1,519,937
69$1,755,062$647,357$454,806$1,625,781
70$1,894,812$639,812$430,777$1,741,392
71$2,047,580$630,660$404,705$1,867,753
72$2,214,655$619,784$376,484$2,005,947
73$2,397,455$607,059$346,002$2,157,167
74$2,597,544$592,353$313,141$2,322,730
75$2,816,641$575,526$277,779$2,504,084
76$3,056,642$556,430$239,788$2,702,829
77$3,319,633$534,909$199,034$2,920,728
78$3,607,912$510,796$155,379$3,159,721
79$3,924,011$483,917$108,675$3,421,950
80$4,270,716$454,085$58,772$3,709,776
81$4,651,099$421,105$5,511$4,025,798
82$5,068,541$384,769$0$4,372,885
83$5,526,768$344,858$0$4,763,506
84$6,029,883$301,141$0$5,193,508
85$6,582,406$253,372$0$5,665,761
86$7,189,317$201,293$0$6,184,532
87$7,856,102$144,630$0$6,754,523
88$8,588,802$83,095$0$7,380,911
89$9,394,077$16,384$0$8,069,404
90$10,279,260$0$0$8,826,288
91$11,252,432$0$0$9,661,563
92$12,322,495$0$0$10,581,013
93$13,499,257$0$0$11,592,168
94$14,793,525$0$0$12,704,314
95$16,217,204$0$0$13,927,686
96$17,783,414$0$0$15,273,560
97$19,506,606$0$0$16,754,358
98$21,402,706$0$0$18,383,768
99$23,489,261$0$0$20,176,874
100$25,785,604$0$0$22,150,291