Can I retire at age 55 with 609,000?

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 $609,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$50,291$49,843$49,406$48,979$48,563$48,338
2 years$24,896$24,433$23,983$23,548$23,125$22,898
3 years$16,433$15,967$15,519$15,087$14,671$14,449
4 years$12,202$11,737$11,294$10,869$10,464$10,248
5 years$9,664$9,202$8,764$8,349$7,954$7,746
6 years$7,972$7,514$7,083$6,677$6,294$6,093
7 years$6,765$6,311$5,886$5,489$5,119$4,926
8 years$5,859$5,409$4,992$4,605$4,247$4,061
9 years$5,156$4,710$4,299$3,922$3,576$3,398
10 years$4,593$4,151$3,748$3,381$3,047$2,877
11 years$4,133$3,696$3,300$2,942$2,621$2,458
12 years$3,750$3,317$2,929$2,581$2,271$2,115
13 years$3,426$2,998$2,617$2,279$1,980$1,832
14 years$3,148$2,725$2,351$2,023$1,736$1,594
15 years$2,908$2,489$2,123$1,804$1,528$1,394
16 years$2,698$2,284$1,924$1,615$1,351$1,223
17 years$2,513$2,103$1,751$1,451$1,198$1,076
18 years$2,349$1,944$1,599$1,308$1,065$950
19 years$2,202$1,801$1,463$1,182$949$840
20 years$2,070$1,674$1,343$1,070$848$744
21 years$1,951$1,559$1,235$971$759$661
22 years$1,842$1,455$1,139$883$680$588
23 years$1,743$1,361$1,051$804$611$523
24 years$1,653$1,275$972$734$549$466
25 years$1,570$1,197$901$670$494$416
26 years$1,494$1,125$835$613$445$372
27 years$1,423$1,059$776$561$401$332
28 years$1,357$998$721$514$362$297
29 years$1,296$941$671$471$327$266
30 years$1,240$889$625$432$295$238
31 years$1,187$840$583$397$267$214
32 years$1,137$795$544$365$241$191
33 years$1,091$753$508$336$219$172
34 years$1,047$713$474$309$198$154
35 years$1,006$677$443$284$179$138
36 years$967$642$415$262$162$124
37 years$931$610$388$241$147$111
38 years$896$580$364$222$133$100
39 years$864$551$341$205$121$90
40 years$833$525$319$189$110$81
41 years$803$499$299$174$100$73
42 years$775$476$281$161$90$65
43 years$749$453$263$149$82$59
44 years$724$432$247$137$74$53
45 years$700$412$232$127$68$47
46 years$677$393$218$117$61$43
47 years$655$375$205$108$56$38
48 years$634$358$193$100$51$35
49 years$614$342$181$92$46$31
50 years$595$326$170$85$42$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $609,000, adding $6,167 every year, while hoping to spend $37,688 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: 54/41/5 Blend
54$609,000$609,000$609,000$609,000
55$677,479$645,202$635,763$713,014
56$706,482$636,717$616,961$729,222
57$737,181$626,554$596,266$742,147
58$769,707$614,589$573,575$755,284
59$804,208$600,694$548,780$768,661
60$840,841$584,732$521,769$782,306
61$879,780$566,558$492,422$796,255
62$921,217$546,018$460,617$810,549
63$965,359$522,950$426,225$825,235
64$1,012,433$497,183$389,111$840,369
65$1,062,691$468,534$349,136$856,013
66$1,116,404$436,812$306,151$872,240
67$1,173,874$401,812$260,004$889,135
68$1,235,430$363,321$210,534$906,791
69$1,301,431$321,111$157,575$925,317
70$1,372,274$274,943$100,951$944,837
71$1,448,393$224,562$40,480$965,491
72$1,530,265$169,702$0$987,437
73$1,618,413$110,078$0$1,012,139
74$1,713,413$45,393$0$1,040,905
75$1,815,894$0$0$1,071,812
76$1,926,552$0$0$1,116,260
77$2,046,148$0$0$1,186,479
78$2,175,520$0$0$1,262,484
79$2,315,589$0$0$1,344,825
80$2,467,368$0$0$1,434,101
81$2,631,968$0$0$1,530,975
82$2,810,616$0$0$1,636,174
83$3,004,656$0$0$1,750,498
84$3,215,570$0$0$1,874,827
85$3,444,987$0$0$2,010,129
86$3,694,700$0$0$2,157,471
87$3,966,680$0$0$2,318,024
88$4,263,099$0$0$2,493,080
89$4,586,345$0$0$2,684,057
90$4,939,047$0$0$2,892,519
91$5,324,098$0$0$3,120,188
92$5,744,685$0$0$3,368,956
93$6,204,314$0$0$3,640,910
94$6,706,846$0$0$3,938,345
95$7,256,531$0$0$4,263,790
96$7,858,050$0$0$4,620,027
97$8,516,556$0$0$5,010,123
98$9,237,726$0$0$5,437,452
99$10,027,807$0$0$5,905,732
100$10,893,684$0$0$6,419,057