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%19.6%
1 years$50,373$49,925$49,487$49,059$48,642$46,768
2 years$24,937$24,473$24,023$23,586$23,163$21,297
3 years$16,460$15,993$15,544$15,112$14,696$12,896
4 years$12,222$11,757$11,312$10,887$10,481$8,763
5 years$9,680$9,217$8,779$8,363$7,967$6,334
6 years$7,985$7,527$7,095$6,688$6,304$4,757
7 years$6,776$6,321$5,896$5,498$5,127$3,666
8 years$5,869$5,418$5,000$4,612$4,253$2,877
9 years$5,164$4,718$4,306$3,929$3,582$2,288
10 years$4,600$4,158$3,754$3,387$3,052$1,838
11 years$4,140$3,702$3,305$2,947$2,625$1,488
12 years$3,756$3,323$2,933$2,585$2,275$1,212
13 years$3,431$3,003$2,621$2,282$1,984$992
14 years$3,153$2,729$2,355$2,026$1,739$815
15 years$2,913$2,493$2,126$1,807$1,531$671
16 years$2,703$2,288$1,928$1,618$1,353$555
17 years$2,517$2,107$1,754$1,454$1,200$459
18 years$2,353$1,947$1,601$1,310$1,067$381
19 years$2,205$1,804$1,466$1,184$951$316
20 years$2,073$1,677$1,345$1,072$849$263
21 years$1,954$1,562$1,237$973$760$219
22 years$1,845$1,458$1,140$885$681$182
23 years$1,746$1,363$1,053$806$612$152
24 years$1,656$1,277$974$735$550$127
25 years$1,573$1,199$902$671$495$106
26 years$1,496$1,127$837$614$446$88
27 years$1,425$1,060$777$562$402$74
28 years$1,360$999$722$515$362$61
29 years$1,299$943$672$472$327$51
30 years$1,242$890$626$433$296$43
31 years$1,189$841$584$398$267$36
32 years$1,139$796$544$366$242$30
33 years$1,092$754$508$336$219$25
34 years$1,049$715$475$309$198$21
35 years$1,008$678$444$285$179$17
36 years$969$643$415$262$163$15
37 years$932$611$389$242$147$12
38 years$898$581$364$223$134$10
39 years$865$552$341$205$121$9
40 years$834$525$320$189$110$7
41 years$805$500$300$175$100$6
42 years$777$476$281$161$90$5
43 years$750$454$264$149$82$4
44 years$725$433$248$137$75$3
45 years$701$412$233$127$68$3
46 years$678$394$218$117$61$2
47 years$656$376$205$108$56$2
48 years$635$358$193$100$51$2
49 years$615$342$181$93$46$1
50 years$596$327$170$86$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $610,000, adding $4,633 every year, while hoping to spend $41,027 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: 60/33/7 Blend
54$610,000$610,000$610,000$610,000
55$676,999$644,669$635,214$716,370
56$702,400$632,605$612,841$731,232
57$729,018$618,576$588,344$742,312
58$756,932$602,440$561,608$753,362
59$786,230$584,051$532,513$764,380
60$817,007$563,251$500,934$775,365
61$849,368$539,876$466,740$786,320
62$883,423$513,749$429,796$797,249
63$919,295$484,686$389,957$808,157
64$957,118$452,491$347,076$819,054
65$997,037$416,955$300,995$829,954
66$1,039,209$377,861$251,554$840,873
67$1,083,809$334,976$198,581$851,834
68$1,131,023$288,056$141,899$862,863
69$1,181,058$236,841$81,323$873,994
70$1,234,138$181,059$16,660$885,267
71$1,290,511$120,421$0$896,730
72$1,350,443$54,622$0$912,350
73$1,414,230$0$0$929,867
74$1,482,194$0$0$954,180
75$1,554,687$0$0$1,001,299
76$1,632,096$0$0$1,051,642
77$1,714,843$0$0$1,105,488
78$1,803,393$0$0$1,163,144
79$1,898,255$0$0$1,224,945
80$1,999,987$0$0$1,291,259
81$2,109,201$0$0$1,362,491
82$2,226,569$0$0$1,439,083
83$2,352,829$0$0$1,521,522
84$2,488,790$0$0$1,610,343
85$2,635,342$0$0$1,706,134
86$2,793,463$0$0$1,809,538
87$2,964,226$0$0$1,921,265
88$3,148,810$0$0$2,042,094
89$3,348,512$0$0$2,172,880
90$3,564,757$0$0$2,314,565
91$3,799,112$0$0$2,468,183
92$4,053,300$0$0$2,634,872
93$4,329,215$0$0$2,815,885
94$4,628,942$0$0$3,012,596
95$4,954,772$0$0$3,226,522
96$5,309,228$0$0$3,459,327
97$5,695,085$0$0$3,712,844
98$6,115,394$0$0$3,989,091
99$6,573,517$0$0$4,290,288
100$7,073,150$0$0$4,618,878