Can I retire at age 55 with 621,000?

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 $621,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$51,282$50,825$50,379$49,944$49,519$47,973
2 years$25,387$24,914$24,456$24,012$23,581$22,036
3 years$16,757$16,282$15,825$15,384$14,961$13,467
4 years$12,442$11,969$11,516$11,084$10,670$9,238
5 years$9,854$9,384$8,937$8,513$8,111$6,745
6 years$8,129$7,662$7,222$6,808$6,418$5,119
7 years$6,898$6,435$6,002$5,597$5,220$3,988
8 years$5,975$5,516$5,090$4,695$4,330$3,165
9 years$5,257$4,803$4,384$4,000$3,647$2,546
10 years$4,683$4,233$3,822$3,448$3,107$2,070
11 years$4,214$3,769$3,365$3,000$2,672$1,696
12 years$3,824$3,383$2,986$2,632$2,316$1,399
13 years$3,493$3,057$2,668$2,323$2,019$1,160
14 years$3,210$2,779$2,397$2,063$1,770$966
15 years$2,965$2,538$2,164$1,839$1,559$807
16 years$2,751$2,329$1,962$1,647$1,377$676
17 years$2,563$2,145$1,786$1,480$1,221$567
18 years$2,395$1,982$1,630$1,334$1,086$477
19 years$2,245$1,837$1,492$1,205$968$402
20 years$2,111$1,707$1,370$1,091$865$339
21 years$1,989$1,590$1,260$991$774$286
22 years$1,879$1,484$1,161$901$694$242
23 years$1,778$1,388$1,072$820$623$205
24 years$1,686$1,300$991$748$560$173
25 years$1,601$1,220$918$683$504$147
26 years$1,523$1,147$852$625$454$124
27 years$1,451$1,079$791$572$409$106
28 years$1,384$1,017$735$524$369$89
29 years$1,322$960$684$480$333$76
30 years$1,264$906$637$441$301$64
31 years$1,210$857$594$405$272$55
32 years$1,160$811$554$372$246$46
33 years$1,112$768$518$342$223$39
34 years$1,068$728$484$315$202$33
35 years$1,026$690$452$290$183$28
36 years$986$655$423$267$166$24
37 years$949$622$396$246$150$20
38 years$914$591$371$227$136$17
39 years$881$562$347$209$123$15
40 years$849$535$326$193$112$13
41 years$819$509$305$178$102$11
42 years$791$485$286$164$92$9
43 years$764$462$269$152$84$8
44 years$738$440$252$140$76$7
45 years$713$420$237$129$69$6
46 years$690$401$222$119$63$5
47 years$668$382$209$110$57$4
48 years$646$365$196$102$52$3
49 years$626$349$185$94$47$3
50 years$606$333$174$87$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $621,000, adding $6,125 every year, while hoping to spend $23,698 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: 76/8/16 Blend
54$621,000$621,000$621,000$621,000
55$690,660$657,747$648,121$740,265
56$735,893$664,762$644,619$780,895
57$784,945$671,327$640,205$821,867
58$838,181$677,394$634,824$866,144
59$896,003$682,913$628,417$914,047
60$958,850$687,831$620,925$965,933
61$1,027,209$692,090$612,282$1,022,191
62$1,101,613$695,631$602,422$1,083,253
63$1,182,649$698,389$591,274$1,149,594
64$1,270,965$700,295$578,767$1,221,737
65$1,367,270$701,277$564,823$1,300,260
66$1,472,349$701,257$549,362$1,385,798
67$1,587,062$700,152$532,299$1,479,053
68$1,712,360$697,876$513,548$1,580,797
69$1,849,285$694,337$493,017$1,691,882
70$1,998,988$689,435$470,608$1,813,248
71$2,162,734$683,067$446,224$1,945,929
72$2,341,918$675,123$419,757$2,091,065
73$2,538,074$665,484$391,099$2,249,915
74$2,752,892$654,027$360,136$2,423,865
75$2,988,234$640,621$326,747$2,614,443
76$3,246,149$625,127$290,808$2,823,333
77$3,528,894$607,396$252,188$3,052,392
78$3,838,956$587,273$210,751$3,303,666
79$4,179,072$564,593$166,354$3,579,412
80$4,552,260$539,180$118,850$3,882,117
81$4,961,841$510,850$68,081$4,214,522
82$5,411,475$479,408$13,888$4,579,649
83$5,905,192$444,646$0$4,980,828
84$6,447,433$406,345$0$5,429,234
85$7,043,091$364,275$0$5,924,430
86$7,697,553$318,191$0$6,468,534
87$8,416,756$267,835$0$7,066,497
88$9,207,240$212,935$0$7,723,773
89$10,076,212$153,201$0$8,446,373
90$11,031,608$88,331$0$9,240,919
91$12,082,174$18,001$0$10,114,708
92$13,237,547$0$0$11,075,782
93$14,508,341$0$0$12,138,119
94$15,906,255$0$0$13,308,494
95$17,444,175$0$0$14,596,113
96$19,136,300$0$0$16,012,869
97$20,998,276$0$0$17,571,865
98$23,047,341$0$0$19,287,537
99$25,302,488$0$0$21,175,794
100$27,784,647$0$0$23,254,161