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%11.5%
1 years$50,291$49,843$49,406$48,979$48,563$48,256
2 years$24,896$24,433$23,983$23,548$23,125$22,816
3 years$16,433$15,967$15,519$15,087$14,671$14,370
4 years$12,202$11,737$11,294$10,869$10,464$10,171
5 years$9,664$9,202$8,764$8,349$7,954$7,672
6 years$7,972$7,514$7,083$6,677$6,294$6,022
7 years$6,765$6,311$5,886$5,489$5,119$4,857
8 years$5,859$5,409$4,992$4,605$4,247$3,996
9 years$5,156$4,710$4,299$3,922$3,576$3,336
10 years$4,593$4,151$3,748$3,381$3,047$2,817
11 years$4,133$3,696$3,300$2,942$2,621$2,401
12 years$3,750$3,317$2,929$2,581$2,271$2,061
13 years$3,426$2,998$2,617$2,279$1,980$1,780
14 years$3,148$2,725$2,351$2,023$1,736$1,546
15 years$2,908$2,489$2,123$1,804$1,528$1,348
16 years$2,698$2,284$1,924$1,615$1,351$1,179
17 years$2,513$2,103$1,751$1,451$1,198$1,035
18 years$2,349$1,944$1,599$1,308$1,065$911
19 years$2,202$1,801$1,463$1,182$949$803
20 years$2,070$1,674$1,343$1,070$848$710
21 years$1,951$1,559$1,235$971$759$628
22 years$1,842$1,455$1,139$883$680$557
23 years$1,743$1,361$1,051$804$611$494
24 years$1,653$1,275$972$734$549$439
25 years$1,570$1,197$901$670$494$391
26 years$1,494$1,125$835$613$445$348
27 years$1,423$1,059$776$561$401$310
28 years$1,357$998$721$514$362$276
29 years$1,296$941$671$471$327$247
30 years$1,240$889$625$432$295$220
31 years$1,187$840$583$397$267$197
32 years$1,137$795$544$365$241$176
33 years$1,091$753$508$336$219$157
34 years$1,047$713$474$309$198$141
35 years$1,006$677$443$284$179$126
36 years$967$642$415$262$162$112
37 years$931$610$388$241$147$101
38 years$896$580$364$222$133$90
39 years$864$551$341$205$121$81
40 years$833$525$319$189$110$72
41 years$803$499$299$174$100$65
42 years$775$476$281$161$90$58
43 years$749$453$263$149$82$52
44 years$724$432$247$137$74$47
45 years$700$412$232$127$68$42
46 years$677$393$218$117$61$37
47 years$655$375$205$108$56$33
48 years$634$358$193$100$51$30
49 years$614$342$181$92$46$27
50 years$595$326$170$85$42$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $609,000, adding $6,560 every year, while hoping to spend $35,417 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: 55/28/17 Blend
54$609,000$609,000$609,000$609,000
55$677,885$645,608$636,168$711,754
56$709,345$639,559$619,796$729,526
57$742,828$632,027$601,689$744,516
58$778,502$622,901$581,751$760,047
59$816,551$612,066$559,882$776,179
60$857,179$599,396$535,977$792,981
61$900,607$584,762$509,928$810,529
62$947,078$568,025$481,620$828,910
63$996,860$549,038$450,934$848,222
64$1,050,244$527,646$417,745$868,576
65$1,107,552$503,684$381,923$890,093
66$1,169,137$476,979$343,331$912,914
67$1,235,385$447,346$301,829$937,193
68$1,306,720$414,592$257,266$963,106
69$1,383,609$378,511$209,488$990,846
70$1,466,564$338,885$158,333$1,020,633
71$1,556,149$295,485$103,632$1,052,711
72$1,652,980$248,069$45,208$1,087,351
73$1,757,739$196,379$0$1,124,859
74$1,871,173$140,145$0$1,168,684
75$1,994,102$79,082$0$1,225,048
76$2,127,430$12,886$0$1,286,200
77$2,272,150$0$0$1,352,650
78$2,429,355$0$0$1,443,065
79$2,600,246$0$0$1,545,717
80$2,786,146$0$0$1,657,437
81$2,988,509$0$0$1,779,105
82$3,208,935$0$0$1,911,690
83$3,449,186$0$0$2,056,259
84$3,711,200$0$0$2,213,985
85$3,997,112$0$0$2,386,162
86$4,309,268$0$0$2,574,210
87$4,650,254$0$0$2,779,697
88$5,022,916$0$0$3,004,344
89$5,430,388$0$0$3,250,051
90$5,876,118$0$0$3,518,907
91$6,363,905$0$0$3,813,213
92$6,897,932$0$0$4,135,502
93$7,482,805$0$0$4,488,565
94$8,123,594$0$0$4,875,475
95$8,825,887$0$0$5,299,615
96$9,595,835$0$0$5,764,714
97$10,440,214$0$0$6,274,875
98$11,366,485$0$0$6,834,620
99$12,382,870$0$0$7,448,931
100$13,498,421$0$0$8,123,292