Can I retire at age 55 with 616,000?

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 $616,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$50,869$50,416$49,974$49,542$49,121$48,873
2 years$25,183$24,714$24,259$23,818$23,391$23,140
3 years$16,622$16,151$15,697$15,261$14,840$14,595
4 years$12,342$11,872$11,424$10,994$10,584$10,347
5 years$9,775$9,308$8,865$8,445$8,046$7,816
6 years$8,064$7,601$7,164$6,753$6,366$6,145
7 years$6,842$6,383$5,954$5,552$5,178$4,965
8 years$5,927$5,471$5,049$4,658$4,295$4,091
9 years$5,215$4,764$4,349$3,967$3,617$3,421
10 years$4,646$4,199$3,791$3,420$3,082$2,895
11 years$4,180$3,738$3,338$2,976$2,651$2,471
12 years$3,793$3,355$2,962$2,611$2,297$2,126
13 years$3,465$3,032$2,647$2,305$2,003$1,840
14 years$3,184$2,756$2,378$2,046$1,756$1,600
15 years$2,942$2,518$2,147$1,825$1,546$1,398
16 years$2,729$2,310$1,947$1,634$1,366$1,226
17 years$2,542$2,127$1,771$1,468$1,212$1,078
18 years$2,376$1,966$1,617$1,323$1,077$950
19 years$2,227$1,822$1,480$1,195$960$840
20 years$2,094$1,693$1,359$1,083$858$744
21 years$1,973$1,577$1,250$983$767$660
22 years$1,863$1,472$1,152$893$688$586
23 years$1,764$1,377$1,063$814$618$522
24 years$1,672$1,290$983$742$555$465
25 years$1,588$1,211$911$678$499$414
26 years$1,511$1,138$845$620$450$370
27 years$1,439$1,071$784$567$406$330
28 years$1,373$1,009$729$520$366$295
29 years$1,311$952$679$477$330$264
30 years$1,254$899$632$437$299$236
31 years$1,200$850$589$402$270$212
32 years$1,150$804$550$369$244$190
33 years$1,103$761$513$339$221$170
34 years$1,059$722$480$312$200$152
35 years$1,017$685$448$288$181$137
36 years$978$650$420$265$164$122
37 years$941$617$393$244$149$110
38 years$907$586$368$225$135$99
39 years$873$558$345$207$122$89
40 years$842$531$323$191$111$79
41 years$812$505$303$176$101$71
42 years$784$481$284$163$91$64
43 years$757$458$267$150$83$58
44 years$732$437$250$139$75$52
45 years$708$417$235$128$68$46
46 years$684$397$221$118$62$42
47 years$662$379$207$109$56$38
48 years$641$362$195$101$51$34
49 years$621$346$183$93$46$30
50 years$601$330$172$86$42$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $616,000, adding $4,243 every year, while hoping to spend $25,937 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: 44/49/7 Blend
54$616,000$616,000$616,000$616,000
55$683,209$650,561$641,013$711,731
56$725,299$654,841$634,890$736,175
57$770,814$658,463$627,693$759,647
58$820,074$661,364$619,358$784,484
59$873,434$663,484$609,818$810,823
60$931,282$664,753$599,005$838,810
61$994,047$665,100$586,846$868,612
62$1,062,199$664,449$573,265$900,413
63$1,136,255$662,718$558,181$934,415
64$1,216,785$659,824$541,512$970,846
65$1,304,415$655,673$523,170$1,009,955
66$1,399,834$650,169$503,065$1,052,020
67$1,503,800$643,211$481,101$1,097,350
68$1,617,148$634,688$457,178$1,146,286
69$1,740,797$624,487$431,193$1,199,207
70$1,875,756$612,486$403,036$1,256,533
71$2,023,140$598,554$372,594$1,318,728
72$2,184,172$582,555$339,748$1,386,308
73$2,360,202$564,344$304,374$1,459,844
74$2,552,714$543,769$266,342$1,539,966
75$2,763,343$520,665$225,517$1,627,376
76$2,993,889$494,863$181,757$1,722,846
77$3,246,334$466,180$134,914$1,827,235
78$3,522,862$434,425$84,835$1,941,491
79$3,825,875$399,393$31,359$2,066,663
80$4,158,022$360,871$0$2,203,913
81$4,522,218$318,631$0$2,356,446
82$4,921,674$272,434$0$2,526,387
83$5,359,928$222,026$0$2,712,975
84$5,840,875$167,140$0$2,917,962
85$6,368,808$107,493$0$3,143,285
86$6,948,452$42,787$0$3,391,081
87$7,585,017$0$0$3,663,713
88$8,284,237$0$0$3,978,509
89$9,052,432$0$0$4,349,784
90$9,896,564$0$0$4,757,840
91$10,824,303$0$0$5,206,397
92$11,844,097$0$0$5,699,549
93$12,965,255$0$0$6,241,808
94$14,198,032$0$0$6,838,146
95$15,553,728$0$0$7,494,041
96$17,044,790$0$0$8,215,527
97$18,684,936$0$0$9,009,252
98$20,489,276$0$0$9,882,543
99$22,474,461$0$0$10,843,473
100$24,658,836$0$0$11,900,933