Can I retire at age 55 with 622,000?

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 $622,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$51,364$50,907$50,460$50,025$49,599$48,341
2 years$25,428$24,954$24,495$24,050$23,619$22,360
3 years$16,783$16,308$15,850$15,409$14,985$13,764
4 years$12,462$11,988$11,535$11,101$10,687$9,514
5 years$9,870$9,399$8,951$8,527$8,124$7,002
6 years$8,143$7,675$7,234$6,819$6,428$5,358
7 years$6,909$6,445$6,012$5,606$5,228$4,209
8 years$5,984$5,525$5,098$4,703$4,337$3,370
9 years$5,266$4,810$4,391$4,006$3,653$2,736
10 years$4,691$4,240$3,828$3,453$3,112$2,245
11 years$4,221$3,775$3,370$3,005$2,677$1,858
12 years$3,830$3,388$2,991$2,636$2,319$1,548
13 years$3,499$3,062$2,672$2,327$2,023$1,296
14 years$3,215$2,783$2,401$2,066$1,773$1,090
15 years$2,970$2,542$2,168$1,842$1,561$920
16 years$2,756$2,333$1,966$1,650$1,380$779
17 years$2,567$2,148$1,789$1,482$1,223$662
18 years$2,399$1,985$1,633$1,336$1,088$563
19 years$2,249$1,840$1,495$1,207$970$479
20 years$2,114$1,710$1,372$1,093$866$409
21 years$1,992$1,592$1,262$992$775$350
22 years$1,882$1,486$1,163$902$695$299
23 years$1,781$1,390$1,074$822$624$256
24 years$1,688$1,303$993$749$560$219
25 years$1,604$1,222$920$684$504$188
26 years$1,525$1,149$853$626$454$161
27 years$1,453$1,081$792$573$410$138
28 years$1,386$1,019$736$525$370$119
29 years$1,324$961$685$481$334$102
30 years$1,266$908$638$442$302$88
31 years$1,212$858$595$406$273$75
32 years$1,161$812$555$373$247$65
33 years$1,114$769$518$343$223$56
34 years$1,069$729$484$315$202$48
35 years$1,027$691$453$290$183$41
36 years$988$656$424$267$166$35
37 years$951$623$396$246$150$30
38 years$915$592$371$227$136$26
39 years$882$563$348$209$124$22
40 years$850$536$326$193$112$19
41 years$820$510$306$178$102$17
42 years$792$486$287$164$92$14
43 years$765$463$269$152$84$12
44 years$739$441$253$140$76$11
45 years$714$421$237$129$69$9
46 years$691$401$223$120$63$8
47 years$669$383$209$110$57$7
48 years$647$366$197$102$52$6
49 years$627$349$185$94$47$5
50 years$607$333$174$87$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $622,000, adding $4,341 every year, while hoping to spend $20,736 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: 22/48/30 Blend
54$622,000$622,000$622,000$622,000
55$689,922$656,956$647,315$698,504
56$738,231$667,084$646,937$716,685
57$790,772$677,013$645,851$734,125
58$847,956$686,712$644,013$752,342
59$910,234$696,146$641,373$771,414
60$978,101$705,280$637,882$791,428
61$1,052,103$714,075$633,487$812,479
62$1,132,842$722,490$628,133$834,676
63$1,220,980$730,479$621,763$858,138
64$1,317,244$737,997$614,317$883,001
65$1,422,436$744,992$605,729$909,414
66$1,537,439$751,411$595,936$937,542
67$1,663,225$757,197$584,867$967,572
68$1,800,863$762,289$572,449$999,710
69$1,951,532$766,622$558,607$1,034,185
70$2,116,529$770,128$543,262$1,071,252
71$2,297,283$772,732$526,329$1,111,195
72$2,495,367$774,358$507,722$1,154,330
73$2,712,515$774,921$487,351$1,201,007
74$2,950,634$774,335$465,120$1,251,614
75$3,211,826$772,505$440,929$1,306,584
76$3,498,407$769,333$414,675$1,366,396
77$3,812,928$764,713$386,250$1,431,581
78$4,158,196$758,533$355,539$1,502,729
79$4,537,307$750,676$322,424$1,580,495
80$4,953,669$741,016$286,782$1,665,602
81$5,411,037$729,419$248,482$1,758,854
82$5,913,547$715,745$207,391$1,861,142
83$6,465,756$699,845$163,366$1,973,450
84$7,072,686$681,559$116,262$2,096,872
85$7,739,866$660,722$65,922$2,232,616
86$8,473,390$637,155$12,188$2,382,021
87$9,279,971$610,671$0$2,546,567
88$10,167,006$581,071$0$2,742,349
89$11,142,643$548,147$0$2,961,828
90$12,215,862$511,675$0$3,203,163
91$13,396,554$471,421$0$3,468,635
92$14,695,618$427,137$0$3,760,759
93$16,125,065$378,560$0$4,082,316
94$17,698,126$325,413$0$4,436,372
95$19,429,380$267,404$0$4,826,315
96$21,334,893$204,223$0$5,255,883
97$23,432,365$135,543$0$5,729,202
98$25,741,301$61,020$0$6,250,826
99$28,283,192$0$0$6,825,783
100$31,081,718$0$0$7,470,029