Can I retire at age 55 with 610,000?

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 $610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$50,373$49,925$49,487$49,059$48,642$48,034
2 years$24,937$24,473$24,023$23,586$23,163$22,551
3 years$16,460$15,993$15,544$15,112$14,696$14,099
4 years$12,222$11,757$11,312$10,887$10,481$9,904
5 years$9,680$9,217$8,779$8,363$7,967$7,412
6 years$7,985$7,527$7,095$6,688$6,304$5,771
7 years$6,776$6,321$5,896$5,498$5,127$4,617
8 years$5,869$5,418$5,000$4,612$4,253$3,765
9 years$5,164$4,718$4,306$3,929$3,582$3,116
10 years$4,600$4,158$3,754$3,387$3,052$2,608
11 years$4,140$3,702$3,305$2,947$2,625$2,202
12 years$3,756$3,323$2,933$2,585$2,275$1,873
13 years$3,431$3,003$2,621$2,282$1,984$1,602
14 years$3,153$2,729$2,355$2,026$1,739$1,377
15 years$2,913$2,493$2,126$1,807$1,531$1,188
16 years$2,703$2,288$1,928$1,618$1,353$1,029
17 years$2,517$2,107$1,754$1,454$1,200$894
18 years$2,353$1,947$1,601$1,310$1,067$778
19 years$2,205$1,804$1,466$1,184$951$679
20 years$2,073$1,677$1,345$1,072$849$593
21 years$1,954$1,562$1,237$973$760$519
22 years$1,845$1,458$1,140$885$681$455
23 years$1,746$1,363$1,053$806$612$400
24 years$1,656$1,277$974$735$550$351
25 years$1,573$1,199$902$671$495$309
26 years$1,496$1,127$837$614$446$272
27 years$1,425$1,060$777$562$402$239
28 years$1,360$999$722$515$362$211
29 years$1,299$943$672$472$327$186
30 years$1,242$890$626$433$296$164
31 years$1,189$841$584$398$267$145
32 years$1,139$796$544$366$242$128
33 years$1,092$754$508$336$219$113
34 years$1,049$715$475$309$198$99
35 years$1,008$678$444$285$179$88
36 years$969$643$415$262$163$78
37 years$932$611$389$242$147$69
38 years$898$581$364$223$134$61
39 years$865$552$341$205$121$54
40 years$834$525$320$189$110$47
41 years$805$500$300$175$100$42
42 years$777$476$281$161$90$37
43 years$750$454$264$149$82$33
44 years$725$433$248$137$75$29
45 years$701$412$233$127$68$26
46 years$678$394$218$117$61$23
47 years$656$376$205$108$56$20
48 years$635$358$193$100$51$18
49 years$615$342$181$93$46$16
50 years$596$327$170$86$42$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $610,000, adding $3,255 every year, while hoping to spend $26,199 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: 50/45/5 Blend
54$610,000$610,000$610,000$610,000
55$675,578$643,248$633,793$708,389
56$716,611$646,891$627,149$734,708
57$760,952$649,835$619,405$760,195
58$808,909$652,018$610,496$787,258
59$860,824$653,373$600,354$816,048
60$917,071$653,831$588,908$846,737
61$978,061$653,317$576,085$879,512
62$1,044,247$651,753$561,807$914,580
63$1,116,125$649,055$545,993$952,174
64$1,194,245$645,133$528,559$992,547
65$1,279,207$639,894$509,415$1,035,983
66$1,371,675$633,237$488,469$1,082,794
67$1,472,376$625,057$465,623$1,133,328
68$1,582,115$615,240$440,778$1,187,969
69$1,701,773$603,669$413,826$1,247,141
70$1,832,321$590,217$384,657$1,311,314
71$1,974,830$574,750$353,155$1,381,008
72$2,130,477$557,127$319,200$1,456,801
73$2,300,558$537,198$282,665$1,539,328
74$2,486,499$514,805$243,419$1,629,294
75$2,689,872$489,780$201,323$1,727,478
76$2,912,406$461,946$156,234$1,834,744
77$3,156,005$431,116$108,002$1,952,043
78$3,422,767$397,090$56,470$2,080,430
79$3,715,002$359,660$1,475$2,221,071
80$4,035,253$318,604$0$2,375,253
81$4,386,321$273,688$0$2,547,453
82$4,771,292$224,665$0$2,736,474
83$5,193,563$171,272$0$2,943,987
84$5,656,876$113,235$0$3,171,923
85$6,165,356$50,261$0$3,422,416
86$6,723,541$0$0$3,697,824
87$7,336,436$0$0$4,009,641
88$8,009,548$0$0$4,379,495
89$8,748,950$0$0$4,785,841
90$9,561,327$0$0$5,232,364
91$10,454,046$0$0$5,723,120
92$11,435,222$0$0$6,262,581
93$12,513,796$0$0$6,855,671
94$13,699,619$0$0$7,507,817
95$15,003,542$0$0$8,224,998
96$16,437,522$0$0$9,013,799
97$18,014,732$0$0$9,881,479
98$19,749,686$0$0$10,836,032
99$21,658,375$0$0$11,886,270
100$23,758,418$0$0$13,041,897