Can I retire at age 55 with 606,000?

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 $606,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$50,043$49,597$49,162$48,738$48,323$47,270
2 years$24,774$24,312$23,865$23,432$23,011$21,956
3 years$16,352$15,888$15,442$15,013$14,599$13,574
4 years$12,142$11,680$11,238$10,816$10,412$9,425
5 years$9,616$9,157$8,721$8,308$7,915$6,969
6 years$7,933$7,477$7,048$6,644$6,263$5,359
7 years$6,731$6,279$5,857$5,462$5,094$4,232
8 years$5,830$5,383$4,967$4,582$4,226$3,406
9 years$5,130$4,687$4,278$3,903$3,559$2,780
10 years$4,570$4,131$3,730$3,364$3,032$2,294
11 years$4,112$3,678$3,284$2,928$2,608$1,909
12 years$3,731$3,301$2,914$2,568$2,260$1,600
13 years$3,409$2,983$2,604$2,267$1,971$1,348
14 years$3,133$2,711$2,339$2,013$1,727$1,141
15 years$2,894$2,477$2,112$1,795$1,521$969
16 years$2,685$2,273$1,915$1,607$1,344$826
17 years$2,501$2,093$1,743$1,444$1,192$706
18 years$2,337$1,934$1,591$1,301$1,060$604
19 years$2,191$1,792$1,456$1,176$945$518
20 years$2,060$1,666$1,336$1,065$844$445
21 years$1,941$1,551$1,229$967$755$383
22 years$1,833$1,448$1,133$879$677$330
23 years$1,735$1,354$1,046$800$608$284
24 years$1,645$1,269$967$730$546$245
25 years$1,562$1,191$896$667$491$212
26 years$1,486$1,119$831$610$443$183
27 years$1,416$1,053$772$558$399$158
28 years$1,351$993$717$511$360$137
29 years$1,290$936$668$469$325$118
30 years$1,234$884$622$430$294$102
31 years$1,181$836$580$395$266$89
32 years$1,132$791$541$363$240$77
33 years$1,085$749$505$334$217$67
34 years$1,042$710$472$307$197$58
35 years$1,001$673$441$283$178$50
36 years$962$639$413$260$162$43
37 years$926$607$386$240$146$37
38 years$892$577$362$221$133$32
39 years$859$549$339$204$120$28
40 years$828$522$318$188$109$24
41 years$799$497$298$174$99$21
42 years$772$473$279$160$90$18
43 years$745$451$262$148$82$16
44 years$720$430$246$137$74$14
45 years$696$410$231$126$67$12
46 years$673$391$217$116$61$10
47 years$651$373$204$108$55$9
48 years$631$356$192$99$50$8
49 years$611$340$180$92$46$7
50 years$592$325$169$85$42$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $606,000, adding $3,322 every year, while hoping to spend $25,601 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: 51/25/24 Blend
54$606,000$606,000$606,000$606,000
55$671,239$639,121$629,728$700,809
56$712,466$643,198$623,584$725,742
57$757,040$646,618$616,377$749,965
58$805,276$649,320$608,043$775,780
59$857,518$651,241$598,517$803,348
60$914,148$652,315$587,731$832,850
61$975,583$652,470$575,611$864,482
62$1,042,282$651,630$562,084$898,465
63$1,114,751$649,716$547,070$935,043
64$1,193,546$646,643$530,487$974,485
65$1,279,278$642,319$512,249$1,017,090
66$1,372,620$636,648$492,265$1,063,188
67$1,474,314$629,530$470,442$1,113,147
68$1,585,173$620,856$446,681$1,167,371
69$1,706,094$610,512$420,879$1,226,309
70$1,838,066$598,378$392,928$1,290,457
71$1,982,175$584,324$362,717$1,360,365
72$2,139,616$568,215$330,127$1,436,641
73$2,311,706$549,907$295,037$1,519,956
74$2,499,897$529,249$257,317$1,611,054
75$2,705,783$506,079$216,833$1,710,757
76$2,931,123$480,227$173,447$1,819,973
77$3,177,852$451,512$127,012$1,939,707
78$3,448,101$419,745$77,376$2,071,069
79$3,744,219$384,724$24,379$2,215,286
80$4,068,789$346,235$0$2,373,714
81$4,424,659$304,055$0$2,556,092
82$4,814,965$257,944$0$2,763,031
83$5,243,161$207,652$0$2,990,159
84$5,713,050$152,914$0$3,239,543
85$6,228,823$93,449$0$3,513,463
86$6,795,095$28,960$0$3,814,437
87$7,416,952$0$0$4,145,240
88$8,099,994$0$0$4,520,173
89$8,850,392$0$0$4,940,898
90$9,674,942$0$0$5,403,266
91$10,581,134$0$0$5,911,485
92$11,577,216$0$0$6,470,190
93$12,672,278$0$0$7,084,489
94$13,876,334$0$0$7,760,009
95$15,200,415$0$0$8,502,947
96$16,656,676$0$0$9,320,135
97$18,258,509$0$0$10,219,098
98$20,020,669$0$0$11,208,127
99$21,959,412$0$0$12,296,357
100$24,092,651$0$0$13,493,854