Can I retire at age 55 with 608,000?

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 $608,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$50,208$49,761$49,325$48,899$48,483$47,562
2 years$24,855$24,393$23,944$23,509$23,087$22,163
3 years$16,406$15,941$15,493$15,062$14,647$13,749
4 years$12,182$11,718$11,275$10,852$10,447$9,581
5 years$9,648$9,187$8,750$8,335$7,941$7,110
6 years$7,959$7,502$7,071$6,666$6,284$5,489
7 years$6,754$6,300$5,876$5,480$5,110$4,351
8 years$5,850$5,400$4,984$4,597$4,240$3,516
9 years$5,147$4,702$4,292$3,916$3,570$2,882
10 years$4,585$4,145$3,742$3,375$3,042$2,389
11 years$4,126$3,690$3,295$2,938$2,616$1,997
12 years$3,743$3,312$2,924$2,577$2,267$1,681
13 years$3,420$2,993$2,612$2,275$1,977$1,423
14 years$3,143$2,720$2,347$2,019$1,733$1,210
15 years$2,903$2,485$2,119$1,801$1,526$1,033
16 years$2,694$2,280$1,921$1,613$1,349$885
17 years$2,509$2,100$1,748$1,449$1,196$760
18 years$2,345$1,940$1,596$1,306$1,063$654
19 years$2,198$1,798$1,461$1,180$948$564
20 years$2,066$1,671$1,341$1,069$846$487
21 years$1,947$1,557$1,233$970$758$421
22 years$1,839$1,453$1,137$882$679$365
23 years$1,741$1,359$1,050$803$610$316
24 years$1,650$1,273$971$732$548$274
25 years$1,568$1,195$899$669$493$238
26 years$1,491$1,123$834$612$444$207
27 years$1,421$1,057$774$560$400$180
28 years$1,355$996$720$513$361$156
29 years$1,294$939$670$470$326$136
30 years$1,238$887$624$432$295$118
31 years$1,185$839$582$396$266$103
32 years$1,135$794$543$364$241$90
33 years$1,089$752$507$335$218$78
34 years$1,045$712$473$308$198$68
35 years$1,004$676$443$284$179$59
36 years$966$641$414$261$162$52
37 years$929$609$388$241$147$45
38 years$895$579$363$222$133$39
39 years$862$550$340$205$121$34
40 years$831$524$319$189$110$30
41 years$802$498$299$174$99$26
42 years$774$475$280$161$90$23
43 years$748$452$263$148$82$20
44 years$722$431$247$137$74$17
45 years$698$411$232$127$67$15
46 years$675$392$218$117$61$13
47 years$654$374$205$108$56$11
48 years$633$357$192$100$50$10
49 years$613$341$181$92$46$9
50 years$594$326$170$85$42$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $608,000, adding $5,293 every year, while hoping to spend $43,262 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: 76/7/17 Blend
54$608,000$608,000$608,000$608,000
55$675,476$643,252$633,828$723,846
56$698,344$628,741$609,031$742,037
57$722,094$612,069$581,953$756,073
58$746,772$593,084$552,472$770,297
59$772,424$571,626$520,461$784,715
60$799,101$547,526$485,786$799,333
61$826,858$520,603$448,309$814,161
62$855,753$490,668$407,882$829,207
63$885,848$457,519$364,355$844,482
64$917,212$420,945$317,568$860,000
65$949,917$380,720$267,356$875,776
66$984,040$336,608$213,544$891,828
67$1,019,667$288,356$155,953$908,176
68$1,056,889$235,701$94,393$924,844
69$1,095,803$178,362$28,667$941,860
70$1,136,517$116,044$0$959,254
71$1,179,145$48,433$0$984,587
72$1,223,812$0$0$1,016,414
73$1,270,654$0$0$1,051,527
74$1,319,818$0$0$1,092,303
75$1,371,461$0$0$1,135,144
76$1,425,759$0$0$1,180,195
77$1,482,899$0$0$1,227,613
78$1,543,086$0$0$1,277,569
79$1,606,544$0$0$1,330,250
80$1,673,515$0$0$1,385,859
81$1,744,266$0$0$1,444,618
82$1,819,084$0$0$1,506,768
83$1,898,286$0$0$1,572,574
84$1,982,217$0$0$1,642,323
85$2,071,254$0$0$1,716,332
86$2,165,808$0$0$1,794,944
87$2,266,330$0$0$1,878,536
88$2,373,313$0$0$1,967,520
89$2,487,297$0$0$2,062,348
90$2,608,872$0$0$2,163,514
91$2,738,686$0$0$2,271,559
92$2,877,447$0$0$2,387,077
93$3,025,934$0$0$2,510,718
94$3,184,998$0$0$2,643,196
95$3,355,575$0$0$2,785,292
96$3,538,691$0$0$2,937,866
97$3,735,472$0$0$3,101,858
98$3,947,152$0$0$3,278,305
99$4,175,090$0$0$3,468,341
100$4,420,776$0$0$3,673,214