Can I retire at age 55 with 612,000?

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 $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%13.7%
1 years$50,538$50,088$49,649$49,220$48,802$48,053
2 years$25,019$24,553$24,101$23,664$23,239$22,486
3 years$16,514$16,046$15,595$15,162$14,744$14,010
4 years$12,262$11,795$11,349$10,923$10,515$9,807
5 years$9,711$9,248$8,808$8,390$7,994$7,313
6 years$8,012$7,551$7,118$6,709$6,325$5,673
7 years$6,798$6,342$5,915$5,516$5,144$4,520
8 years$5,888$5,436$5,016$4,627$4,267$3,671
9 years$5,181$4,733$4,321$3,942$3,594$3,026
10 years$4,615$4,172$3,767$3,398$3,062$2,522
11 years$4,153$3,714$3,316$2,957$2,633$2,120
12 years$3,768$3,333$2,943$2,594$2,282$1,795
13 years$3,443$3,012$2,629$2,290$1,990$1,528
14 years$3,164$2,738$2,363$2,033$1,744$1,308
15 years$2,922$2,501$2,133$1,813$1,536$1,123
16 years$2,711$2,295$1,934$1,623$1,357$968
17 years$2,525$2,114$1,760$1,458$1,204$836
18 years$2,360$1,953$1,606$1,314$1,070$725
19 years$2,213$1,810$1,471$1,188$954$629
20 years$2,080$1,682$1,350$1,076$852$547
21 years$1,960$1,567$1,241$976$762$476
22 years$1,851$1,463$1,144$888$683$415
23 years$1,752$1,368$1,056$808$614$362
24 years$1,661$1,282$977$737$551$317
25 years$1,578$1,203$905$673$496$277
26 years$1,501$1,130$839$616$447$242
27 years$1,430$1,064$779$563$403$212
28 years$1,364$1,002$725$516$364$186
29 years$1,303$946$674$473$328$163
30 years$1,246$893$628$434$297$143
31 years$1,193$844$585$399$268$125
32 years$1,143$799$546$367$243$110
33 years$1,096$757$510$337$220$97
34 years$1,052$717$477$310$199$85
35 years$1,011$680$446$286$180$74
36 years$972$645$417$263$163$65
37 years$935$613$390$242$148$57
38 years$901$583$365$223$134$50
39 years$868$554$342$206$122$44
40 years$837$527$321$190$110$39
41 years$807$502$301$175$100$34
42 years$779$478$282$162$91$30
43 years$753$455$265$149$82$26
44 years$727$434$249$138$75$23
45 years$703$414$233$127$68$20
46 years$680$395$219$118$62$18
47 years$658$377$206$109$56$16
48 years$637$360$194$100$51$14
49 years$617$343$182$93$46$12
50 years$598$328$171$86$42$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $612,000, adding $4,142 every year, while hoping to spend $54,053 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: 81/10/9 Blend
54$612,000$612,000$612,000$612,000
55$678,696$646,260$636,774$732,454
56$690,412$620,415$600,594$742,428
57$701,510$591,492$561,391$745,818
58$711,872$559,283$519,005$747,915
59$721,363$523,568$473,272$748,561
60$729,834$484,115$424,018$747,582
61$737,118$440,677$371,064$744,788
62$743,029$392,996$314,220$739,967
63$747,361$340,796$253,290$732,888
64$749,885$283,787$188,067$723,297
65$750,343$221,663$118,338$710,915
66$748,454$154,101$43,878$695,432
67$743,902$80,757$0$676,510
68$736,337$1,271$0$657,196
69$725,372$0$0$638,379
70$710,577$0$0$624,742
71$691,477$0$0$607,393
72$667,544$0$0$585,720
73$638,194$0$0$559,202
74$602,781$0$0$527,262
75$560,589$0$0$489,261
76$510,829$0$0$444,493
77$452,624$0$0$392,176
78$385,008$0$0$331,448
79$306,910$0$0$261,351
80$217,150$0$0$180,832
81$114,420$0$0$88,724
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0