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%14.8%
1 years$51,282$50,825$50,379$49,944$49,519$48,539
2 years$25,387$24,914$24,456$24,012$23,581$22,598
3 years$16,757$16,282$15,825$15,384$14,961$14,005
4 years$12,442$11,969$11,516$11,084$10,670$9,749
5 years$9,854$9,384$8,937$8,513$8,111$7,228
6 years$8,129$7,662$7,222$6,808$6,418$5,573
7 years$6,898$6,435$6,002$5,597$5,220$4,413
8 years$5,975$5,516$5,090$4,695$4,330$3,562
9 years$5,257$4,803$4,384$4,000$3,647$2,916
10 years$4,683$4,233$3,822$3,448$3,107$2,414
11 years$4,214$3,769$3,365$3,000$2,672$2,016
12 years$3,824$3,383$2,986$2,632$2,316$1,694
13 years$3,493$3,057$2,668$2,323$2,019$1,432
14 years$3,210$2,779$2,397$2,063$1,770$1,216
15 years$2,965$2,538$2,164$1,839$1,559$1,037
16 years$2,751$2,329$1,962$1,647$1,377$887
17 years$2,563$2,145$1,786$1,480$1,221$760
18 years$2,395$1,982$1,630$1,334$1,086$653
19 years$2,245$1,837$1,492$1,205$968$563
20 years$2,111$1,707$1,370$1,091$865$485
21 years$1,989$1,590$1,260$991$774$419
22 years$1,879$1,484$1,161$901$694$362
23 years$1,778$1,388$1,072$820$623$314
24 years$1,686$1,300$991$748$560$272
25 years$1,601$1,220$918$683$504$235
26 years$1,523$1,147$852$625$454$204
27 years$1,451$1,079$791$572$409$177
28 years$1,384$1,017$735$524$369$154
29 years$1,322$960$684$480$333$134
30 years$1,264$906$637$441$301$116
31 years$1,210$857$594$405$272$101
32 years$1,160$811$554$372$246$88
33 years$1,112$768$518$342$223$76
34 years$1,068$728$484$315$202$66
35 years$1,026$690$452$290$183$58
36 years$986$655$423$267$166$50
37 years$949$622$396$246$150$44
38 years$914$591$371$227$136$38
39 years$881$562$347$209$123$33
40 years$849$535$326$193$112$29
41 years$819$509$305$178$102$25
42 years$791$485$286$164$92$22
43 years$764$462$269$152$84$19
44 years$738$440$252$140$76$17
45 years$713$420$237$129$69$14
46 years$690$401$222$119$63$13
47 years$668$382$209$110$57$11
48 years$646$365$196$102$52$10
49 years$626$349$185$94$47$8
50 years$606$333$174$87$43$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $621,000, adding $2,355 every year, while hoping to spend $29,379 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: 58/21/21 Blend
54$621,000$621,000$621,000$621,000
55$686,771$653,858$644,233$722,630
56$725,563$654,638$634,555$748,073
57$767,327$654,472$623,569$772,421
58$812,334$653,282$611,200$798,319
59$860,886$650,985$597,368$825,923
60$913,308$647,496$581,992$855,406
61$969,963$642,721$564,986$886,960
62$1,031,247$636,562$546,261$920,798
63$1,097,596$628,915$525,722$957,154
64$1,169,489$619,670$503,272$996,290
65$1,247,453$608,710$478,808$1,038,494
66$1,332,068$595,912$452,223$1,084,087
67$1,423,971$581,144$423,405$1,133,422
68$1,523,863$564,267$392,236$1,186,893
69$1,632,516$545,134$358,594$1,244,932
70$1,750,777$523,590$322,351$1,308,021
71$1,879,581$499,471$283,375$1,376,691
72$2,019,955$472,602$241,525$1,451,530
73$2,173,030$442,799$196,655$1,533,190
74$2,340,050$409,867$148,614$1,622,389
75$2,522,386$373,601$97,243$1,719,924
76$2,721,545$333,783$42,376$1,826,674
77$2,939,187$290,183$0$1,943,613
78$3,177,140$242,557$0$2,075,441
79$3,437,416$190,650$0$2,230,091
80$3,722,230$134,191$0$2,399,413
81$4,034,023$72,891$0$2,584,904
82$4,375,481$6,451$0$2,788,213
83$4,749,562$0$0$3,011,162
84$5,159,525$0$0$3,270,882
85$5,608,957$0$0$3,557,294
86$6,101,811$0$0$3,871,434
87$6,642,440$0$0$4,216,081
88$7,235,637$0$0$4,594,299
89$7,886,683$0$0$5,009,464
90$8,601,397$0$0$5,465,291
91$9,386,185$0$0$5,965,876
92$10,248,105$0$0$6,515,729
93$11,194,934$0$0$7,119,820
94$12,235,238$0$0$7,783,621
95$13,378,453$0$0$8,513,164
96$14,634,976$0$0$9,315,091
97$16,016,259$0$0$10,196,724
98$17,534,921$0$0$11,166,125
99$19,204,864$0$0$12,232,179
100$21,041,406$0$0$13,404,674