Can I retire at age 55 with 612,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $612,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$50,538$50,088$49,649$49,220$48,802$47,392
2 years$25,019$24,553$24,101$23,664$23,239$21,829
3 years$16,514$16,046$15,595$15,162$14,744$13,379
4 years$12,262$11,795$11,349$10,923$10,515$9,206
5 years$9,711$9,248$8,808$8,390$7,994$6,743
6 years$8,012$7,551$7,118$6,709$6,325$5,134
7 years$6,798$6,342$5,915$5,516$5,144$4,013
8 years$5,888$5,436$5,016$4,627$4,267$3,196
9 years$5,181$4,733$4,321$3,942$3,594$2,581
10 years$4,615$4,172$3,767$3,398$3,062$2,106
11 years$4,153$3,714$3,316$2,957$2,633$1,733
12 years$3,768$3,333$2,943$2,594$2,282$1,435
13 years$3,443$3,012$2,629$2,290$1,990$1,194
14 years$3,164$2,738$2,363$2,033$1,744$999
15 years$2,922$2,501$2,133$1,813$1,536$838
16 years$2,711$2,295$1,934$1,623$1,357$705
17 years$2,525$2,114$1,760$1,458$1,204$594
18 years$2,360$1,953$1,606$1,314$1,070$502
19 years$2,213$1,810$1,471$1,188$954$425
20 years$2,080$1,682$1,350$1,076$852$360
21 years$1,960$1,567$1,241$976$762$306
22 years$1,851$1,463$1,144$888$683$259
23 years$1,752$1,368$1,056$808$614$221
24 years$1,661$1,282$977$737$551$188
25 years$1,578$1,203$905$673$496$160
26 years$1,501$1,130$839$616$447$136
27 years$1,430$1,064$779$563$403$116
28 years$1,364$1,002$725$516$364$99
29 years$1,303$946$674$473$328$84
30 years$1,246$893$628$434$297$72
31 years$1,193$844$585$399$268$61
32 years$1,143$799$546$367$243$52
33 years$1,096$757$510$337$220$45
34 years$1,052$717$477$310$199$38
35 years$1,011$680$446$286$180$32
36 years$972$645$417$263$163$28
37 years$935$613$390$242$148$24
38 years$901$583$365$223$134$20
39 years$868$554$342$206$122$17
40 years$837$527$321$190$110$15
41 years$807$502$301$175$100$13
42 years$779$478$282$162$91$11
43 years$753$455$265$149$82$9
44 years$727$434$249$138$75$8
45 years$703$414$233$127$68$7
46 years$680$395$219$118$62$6
47 years$658$377$206$109$56$5
48 years$637$360$194$100$51$4
49 years$617$343$182$93$46$4
50 years$598$328$171$86$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $612,000, adding $5,773 every year, while hoping to spend $28,004 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: 70/18/12 Blend
54$612,000$612,000$612,000$612,000
55$680,379$647,943$638,457$725,869
56$719,981$649,896$630,049$758,756
57$762,685$651,006$620,421$790,792
58$808,776$651,203$609,502$825,111
59$858,570$650,410$597,219$861,933
60$912,412$648,549$583,495$901,501
61$970,685$645,534$568,248$944,081
62$1,033,804$641,275$551,394$989,969
63$1,102,232$635,677$532,845$1,039,492
64$1,176,473$628,638$512,509$1,093,009
65$1,257,083$620,052$490,288$1,150,916
66$1,344,675$609,804$466,083$1,213,652
67$1,439,922$597,774$439,786$1,281,700
68$1,543,564$583,835$411,289$1,355,594
69$1,656,415$567,851$380,475$1,435,923
70$1,779,373$549,679$347,224$1,523,336
71$1,913,423$529,167$311,410$1,618,550
72$2,059,652$506,156$272,902$1,722,356
73$2,219,254$480,476$231,562$1,835,627
74$2,393,546$451,947$187,247$1,959,327
75$2,583,976$420,380$139,808$2,094,519
76$2,792,137$385,574$89,087$2,242,374
77$3,019,785$347,318$34,922$2,404,188
78$3,268,854$305,387$0$2,581,388
79$3,541,470$259,544$0$2,778,478
80$3,839,978$209,540$0$2,999,229
81$4,166,958$155,110$0$3,241,106
82$4,525,252$95,974$0$3,506,246
83$4,917,990$31,839$0$3,797,011
84$5,348,618$0$0$4,115,999
85$5,820,934$0$0$4,473,525
86$6,339,119$0$0$4,872,726
87$6,907,780$0$0$5,310,846
88$7,531,988$0$0$5,791,800
89$8,217,334$0$0$6,319,897
90$8,969,974$0$0$6,899,886
91$9,796,688$0$0$7,536,997
92$10,704,948$0$0$8,236,994
93$11,702,984$0$0$9,006,224
94$12,799,863$0$0$9,851,680
95$14,005,574$0$0$10,781,068
96$15,331,121$0$0$11,802,876
97$16,788,628$0$0$12,926,455
98$18,391,455$0$0$14,162,110
99$20,154,316$0$0$15,521,192
100$22,093,428$0$0$17,016,209