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%17.3%
1 years$50,043$49,597$49,162$48,738$48,323$46,889
2 years$24,774$24,312$23,865$23,432$23,011$21,578
3 years$16,352$15,888$15,442$15,013$14,599$13,212
4 years$12,142$11,680$11,238$10,816$10,412$9,082
5 years$9,616$9,157$8,721$8,308$7,915$6,645
6 years$7,933$7,477$7,048$6,644$6,263$5,054
7 years$6,731$6,279$5,857$5,462$5,094$3,946
8 years$5,830$5,383$4,967$4,582$4,226$3,139
9 years$5,130$4,687$4,278$3,903$3,559$2,532
10 years$4,570$4,131$3,730$3,364$3,032$2,063
11 years$4,112$3,678$3,284$2,928$2,608$1,695
12 years$3,731$3,301$2,914$2,568$2,260$1,402
13 years$3,409$2,983$2,604$2,267$1,971$1,166
14 years$3,133$2,711$2,339$2,013$1,727$973
15 years$2,894$2,477$2,112$1,795$1,521$815
16 years$2,685$2,273$1,915$1,607$1,344$685
17 years$2,501$2,093$1,743$1,444$1,192$577
18 years$2,337$1,934$1,591$1,301$1,060$486
19 years$2,191$1,792$1,456$1,176$945$411
20 years$2,060$1,666$1,336$1,065$844$348
21 years$1,941$1,551$1,229$967$755$295
22 years$1,833$1,448$1,133$879$677$250
23 years$1,735$1,354$1,046$800$608$212
24 years$1,645$1,269$967$730$546$180
25 years$1,562$1,191$896$667$491$153
26 years$1,486$1,119$831$610$443$130
27 years$1,416$1,053$772$558$399$111
28 years$1,351$993$717$511$360$94
29 years$1,290$936$668$469$325$80
30 years$1,234$884$622$430$294$68
31 years$1,181$836$580$395$266$58
32 years$1,132$791$541$363$240$49
33 years$1,085$749$505$334$217$42
34 years$1,042$710$472$307$197$36
35 years$1,001$673$441$283$178$31
36 years$962$639$413$260$162$26
37 years$926$607$386$240$146$22
38 years$892$577$362$221$133$19
39 years$859$549$339$204$120$16
40 years$828$522$318$188$109$14
41 years$799$497$298$174$99$12
42 years$772$473$279$160$90$10
43 years$745$451$262$148$82$9
44 years$720$430$246$137$74$7
45 years$696$410$231$126$67$6
46 years$673$391$217$116$61$5
47 years$651$373$204$108$55$4
48 years$631$356$192$99$50$4
49 years$611$340$180$92$46$3
50 years$592$325$169$85$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $606,000, adding $2,463 every year, while hoping to spend $42,825 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: 60/29/11 Blend
54$606,000$606,000$606,000$606,000
55$670,353$638,235$628,842$708,683
56$693,163$623,943$604,342$720,438
57$716,865$607,515$577,587$728,184
58$741,504$588,802$548,455$735,588
59$767,129$567,645$516,820$742,619
60$793,792$543,876$482,549$749,246
61$821,550$517,317$445,506$755,438
62$850,464$487,781$405,546$761,160
63$880,598$455,068$362,518$766,378
64$912,022$418,970$316,266$771,057
65$944,811$379,263$266,624$775,161
66$979,048$335,713$213,422$778,651
67$1,014,820$288,072$156,481$781,492
68$1,052,222$236,078$95,613$783,645
69$1,091,356$179,453$30,624$785,071
70$1,132,334$117,906$0$785,732
71$1,175,276$51,127$0$790,136
72$1,220,313$0$0$797,830
73$1,267,585$0$0$811,972
74$1,317,248$0$0$843,985
75$1,369,468$0$0$877,663
76$1,424,427$0$0$913,126
77$1,482,323$0$0$950,502
78$1,543,371$0$0$989,935
79$1,607,807$0$0$1,031,577
80$1,675,886$0$0$1,075,599
81$1,747,887$0$0$1,122,183
82$1,824,116$0$0$1,171,529
83$1,904,906$0$0$1,223,858
84$1,990,620$0$0$1,279,409
85$2,081,657$0$0$1,338,444
86$2,178,451$0$0$1,401,249
87$2,281,479$0$0$1,468,138
88$2,391,262$0$0$1,539,454
89$2,508,370$0$0$1,615,574
90$2,633,429$0$0$1,696,910
91$2,767,124$0$0$1,783,914
92$2,910,207$0$0$1,877,080
93$3,063,500$0$0$1,976,952
94$3,227,907$0$0$2,084,126
95$3,404,419$0$0$2,199,256
96$3,594,125$0$0$2,323,059
97$3,798,218$0$0$2,456,324
98$4,018,009$0$0$2,599,916
99$4,254,939$0$0$2,754,785
100$4,510,589$0$0$2,921,975