Can I retire at age 55 with 614,000?

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 $614,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$50,704$50,252$49,811$49,381$48,961$48,551
2 years$25,101$24,633$24,180$23,741$23,315$22,901
3 years$16,568$16,098$15,646$15,211$14,792$14,388
4 years$12,302$11,834$11,386$10,959$10,550$10,159
5 years$9,743$9,278$8,836$8,417$8,020$7,642
6 years$8,038$7,576$7,141$6,731$6,346$5,983
7 years$6,820$6,362$5,934$5,534$5,161$4,812
8 years$5,907$5,454$5,033$4,643$4,281$3,947
9 years$5,198$4,748$4,335$3,954$3,606$3,286
10 years$4,631$4,186$3,779$3,409$3,072$2,767
11 years$4,167$3,726$3,327$2,967$2,642$2,351
12 years$3,780$3,344$2,953$2,602$2,290$2,012
13 years$3,454$3,022$2,638$2,297$1,997$1,732
14 years$3,174$2,747$2,370$2,039$1,750$1,499
15 years$2,932$2,510$2,140$1,819$1,541$1,302
16 years$2,720$2,303$1,940$1,628$1,362$1,136
17 years$2,534$2,121$1,766$1,463$1,208$993
18 years$2,368$1,959$1,612$1,319$1,074$871
19 years$2,220$1,816$1,475$1,191$957$765
20 years$2,087$1,688$1,354$1,079$855$674
21 years$1,967$1,572$1,246$979$765$594
22 years$1,857$1,467$1,148$890$686$525
23 years$1,758$1,372$1,060$811$616$464
24 years$1,667$1,286$980$740$553$411
25 years$1,583$1,207$908$675$498$364
26 years$1,506$1,134$842$618$448$323
27 years$1,435$1,067$782$565$404$287
28 years$1,368$1,006$727$518$365$255
29 years$1,307$949$676$475$329$226
30 years$1,250$896$630$436$298$201
31 years$1,196$847$587$400$269$179
32 years$1,146$801$548$368$243$159
33 years$1,100$759$512$338$220$142
34 years$1,056$719$478$311$199$126
35 years$1,014$682$447$287$181$112
36 years$975$648$418$264$164$100
37 years$938$615$391$243$148$89
38 years$904$585$367$224$134$80
39 years$871$556$343$207$122$71
40 years$839$529$322$191$111$63
41 years$810$503$302$176$100$56
42 years$782$479$283$162$91$50
43 years$755$457$266$150$83$45
44 years$730$435$249$138$75$40
45 years$705$415$234$128$68$36
46 years$682$396$220$118$62$32
47 years$660$378$207$109$56$28
48 years$639$361$194$101$51$25
49 years$619$345$182$93$46$23
50 years$599$329$172$86$42$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $614,000, adding $5,346 every year, while hoping to spend $20,918 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: 60/10/30 Blend
54$614,000$614,000$614,000$614,000
55$682,142$649,600$640,083$717,214
56$729,464$659,174$639,270$751,370
57$780,912$668,516$637,727$785,942
58$836,884$677,593$635,410$823,240
59$897,820$686,368$632,270$863,534
60$964,201$694,804$628,255$907,124
61$1,036,560$702,859$623,311$954,340
62$1,115,480$710,491$617,384$1,005,547
63$1,201,606$717,652$610,413$1,061,148
64$1,295,646$724,292$602,338$1,121,586
65$1,398,379$730,360$593,093$1,187,352
66$1,510,664$735,798$582,613$1,258,986
67$1,633,446$740,547$570,825$1,337,086
68$1,767,766$744,542$557,656$1,422,310
69$1,914,770$747,716$543,028$1,515,383
70$2,075,718$749,996$526,862$1,617,109
71$2,252,001$751,305$509,071$1,728,371
72$2,445,149$751,563$489,569$1,850,146
73$2,656,846$750,681$468,261$1,983,509
74$2,888,948$748,569$445,052$2,129,647
75$3,143,499$745,127$419,840$2,289,872
76$3,422,751$740,253$392,519$2,465,628
77$3,729,183$733,837$362,980$2,658,508
78$4,065,526$725,762$331,107$2,870,271
79$4,434,790$715,904$296,778$3,102,856
80$4,840,287$704,132$259,869$3,358,401
81$5,285,669$690,307$220,248$3,639,266
82$5,774,958$674,283$177,777$3,948,051
83$6,312,585$655,904$132,313$4,287,625
84$6,903,429$635,004$83,706$4,661,151
85$7,552,869$611,409$31,800$5,072,120
86$8,266,828$584,934$0$5,524,377
87$9,051,834$555,385$0$6,029,717
88$9,915,076$522,555$0$6,596,620
89$10,864,478$486,224$0$7,220,111
90$11,908,768$446,162$0$7,905,936
91$13,057,563$402,124$0$8,660,429
92$14,321,459$353,853$0$9,490,568
93$15,712,131$301,075$0$10,404,044
94$17,242,443$243,503$0$11,409,330
95$18,926,569$180,831$0$12,515,767
96$20,780,126$112,738$0$13,733,646
97$22,820,321$38,885$0$15,074,309
98$25,066,116$0$0$16,550,254
99$27,538,403$0$0$18,179,778
100$30,260,202$0$0$19,978,530