Can I retire at age 55 with 607,000?

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 $607,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$50,125$49,679$49,243$48,818$48,403$47,917
2 years$24,815$24,352$23,905$23,470$23,049$22,560
3 years$16,379$15,915$15,468$15,038$14,623$14,146
4 years$12,162$11,699$11,257$10,834$10,429$9,967
5 years$9,632$9,172$8,736$8,321$7,928$7,483
6 years$7,946$7,490$7,060$6,655$6,273$5,845
7 years$6,742$6,290$5,867$5,471$5,102$4,691
8 years$5,840$5,392$4,975$4,590$4,233$3,839
9 years$5,139$4,694$4,285$3,909$3,564$3,189
10 years$4,578$4,138$3,736$3,370$3,037$2,678
11 years$4,119$3,684$3,289$2,933$2,612$2,270
12 years$3,737$3,306$2,919$2,572$2,263$1,938
13 years$3,414$2,988$2,608$2,271$1,974$1,664
14 years$3,138$2,716$2,343$2,016$1,730$1,436
15 years$2,899$2,481$2,116$1,798$1,523$1,245
16 years$2,689$2,276$1,918$1,610$1,346$1,082
17 years$2,505$2,096$1,745$1,446$1,194$944
18 years$2,341$1,937$1,593$1,304$1,061$825
19 years$2,195$1,795$1,459$1,178$946$723
20 years$2,063$1,668$1,339$1,067$845$635
21 years$1,944$1,554$1,231$968$756$558
22 years$1,836$1,451$1,135$880$678$492
23 years$1,738$1,357$1,048$802$609$433
24 years$1,648$1,271$969$731$547$382
25 years$1,565$1,193$898$668$492$338
26 years$1,489$1,121$832$611$443$299
27 years$1,418$1,055$773$559$400$264
28 years$1,353$994$719$512$361$234
29 years$1,292$938$669$470$326$207
30 years$1,236$886$623$431$294$184
31 years$1,183$837$581$396$266$163
32 years$1,133$792$542$364$241$144
33 years$1,087$750$506$334$218$128
34 years$1,044$711$473$308$197$114
35 years$1,003$675$442$283$179$101
36 years$964$640$413$261$162$90
37 years$928$608$387$240$147$80
38 years$893$578$362$222$133$71
39 years$861$549$339$204$121$63
40 years$830$523$318$188$109$56
41 years$801$498$298$174$99$50
42 years$773$474$280$160$90$44
43 years$746$452$263$148$82$39
44 years$721$430$247$137$74$35
45 years$697$410$231$126$67$31
46 years$674$392$217$117$61$28
47 years$653$374$204$108$56$25
48 years$632$357$192$100$50$22
49 years$612$341$180$92$46$19
50 years$593$325$170$85$42$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $607,000, adding $6,399 every year, while hoping to spend $52,028 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: 80/6/14 Blend
54$607,000$607,000$607,000$607,000
55$675,515$643,344$633,935$727,161
56$689,060$619,510$599,815$738,194
57$702,243$592,765$562,807$742,933
58$714,972$562,911$522,761$746,642
59$727,143$529,738$479,519$749,194
60$738,643$493,026$432,914$750,449
61$749,342$452,541$382,773$750,254
62$759,095$408,037$328,917$748,441
63$767,743$359,251$271,156$744,824
64$775,107$305,908$209,293$739,201
65$780,987$247,716$143,124$731,348
66$785,161$184,368$72,432$721,018
67$787,383$115,538$0$707,942
68$787,380$40,883$0$692,273
69$784,846$0$0$684,810
70$779,443$0$0$677,039
71$770,798$0$0$669,099
72$758,495$0$0$657,923
73$742,072$0$0$643,106
74$721,020$0$0$624,197
75$694,773$0$0$600,697
76$662,706$0$0$572,054
77$624,125$0$0$537,657
78$578,264$0$0$496,830
79$524,276$0$0$448,826
80$461,222$0$0$392,816
81$388,066$0$0$327,887
82$303,662$0$0$253,028
83$206,743$0$0$167,122
84$95,910$0$0$68,935
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0