Can I retire at age 55 with 624,000?

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 $624,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$51,529$51,070$50,623$50,185$49,759$49,487
2 years$25,510$25,034$24,574$24,128$23,695$23,420
3 years$16,837$16,360$15,901$15,459$15,033$14,764
4 years$12,502$12,027$11,572$11,137$10,722$10,461
5 years$9,902$9,429$8,980$8,554$8,150$7,899
6 years$8,169$7,699$7,257$6,841$6,449$6,207
7 years$6,931$6,466$6,031$5,624$5,245$5,012
8 years$6,004$5,543$5,115$4,718$4,351$4,127
9 years$5,283$4,826$4,405$4,019$3,664$3,450
10 years$4,706$4,254$3,841$3,464$3,122$2,917
11 years$4,235$3,787$3,381$3,015$2,685$2,489
12 years$3,842$3,399$3,001$2,645$2,327$2,140
13 years$3,510$3,072$2,681$2,335$2,029$1,850
14 years$3,226$2,792$2,409$2,073$1,779$1,609
15 years$2,980$2,551$2,175$1,848$1,566$1,404
16 years$2,765$2,340$1,972$1,655$1,384$1,230
17 years$2,575$2,155$1,794$1,487$1,227$1,081
18 years$2,407$1,991$1,638$1,340$1,091$953
19 years$2,256$1,846$1,499$1,211$973$841
20 years$2,121$1,715$1,376$1,097$869$745
21 years$1,999$1,597$1,266$995$777$660
22 years$1,888$1,491$1,167$905$697$586
23 years$1,786$1,395$1,077$824$626$521
24 years$1,694$1,307$996$752$562$464
25 years$1,609$1,226$923$686$506$413
26 years$1,530$1,153$856$628$456$368
27 years$1,458$1,085$795$575$411$329
28 years$1,391$1,022$739$526$371$294
29 years$1,328$964$687$483$335$262
30 years$1,270$911$640$443$302$235
31 years$1,216$861$597$407$273$210
32 years$1,165$814$557$374$247$188
33 years$1,117$771$520$344$224$168
34 years$1,073$731$486$316$203$151
35 years$1,031$693$454$291$184$135
36 years$991$658$425$268$166$121
37 years$954$625$398$247$151$109
38 years$918$594$372$228$137$97
39 years$885$565$349$210$124$87
40 years$853$537$327$194$112$78
41 years$823$512$307$179$102$70
42 years$794$487$288$165$93$63
43 years$767$464$270$152$84$57
44 years$741$443$253$141$76$51
45 years$717$422$238$130$69$46
46 years$693$403$223$120$63$41
47 years$671$384$210$111$57$37
48 years$649$367$197$102$52$33
49 years$629$350$185$95$47$30
50 years$609$335$174$87$43$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $624,000, adding $4,265 every year, while hoping to spend $24,000 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: 67/8/25 Blend
54$624,000$624,000$624,000$624,000
55$692,047$658,975$649,303$733,676
56$737,100$665,729$645,519$768,944
57$785,944$672,010$640,804$804,381
58$838,941$677,768$635,101$842,587
59$896,487$682,953$628,351$883,836
60$959,020$687,509$620,492$928,429
61$1,027,021$691,378$611,460$976,701
62$1,101,019$694,497$601,185$1,029,020
63$1,181,595$696,800$589,597$1,085,790
64$1,269,391$698,217$576,622$1,147,460
65$1,365,111$698,672$562,181$1,214,524
66$1,469,532$698,085$546,193$1,287,528
67$1,583,506$696,374$528,573$1,367,072
68$1,707,974$693,447$509,230$1,453,820
69$1,843,971$689,209$488,073$1,548,504
70$1,992,636$683,560$465,004$1,651,931
71$2,155,223$676,393$439,919$1,764,993
72$2,333,113$667,593$412,714$1,888,672
73$2,527,826$657,041$383,276$2,024,052
74$2,741,038$644,609$351,489$2,172,328
75$2,974,591$630,163$317,231$2,334,819
76$3,230,517$613,558$280,375$2,512,980
77$3,511,051$594,644$240,790$2,708,415
78$3,818,657$573,261$198,335$2,922,894
79$4,156,048$549,238$152,867$3,158,367
80$4,526,210$522,396$104,234$3,416,988
81$4,932,437$492,547$52,278$3,701,128
82$5,378,351$459,487$0$4,013,406
83$5,867,948$423,007$0$4,357,553
84$6,405,624$382,880$0$4,750,844
85$6,996,227$338,871$0$5,182,876
86$7,645,094$290,727$0$5,657,569
87$8,358,106$238,185$0$6,179,242
88$9,141,742$180,965$0$6,752,656
89$10,003,138$118,771$0$7,383,054
90$10,950,158$51,291$0$8,076,216
91$11,991,465$0$0$8,838,510
92$13,136,604$0$0$9,678,873
93$14,396,091$0$0$10,608,160
94$15,781,511$0$0$11,630,408
95$17,305,629$0$0$12,755,042
96$18,982,512$0$0$13,992,446
97$20,827,656$0$0$15,354,061
98$22,858,135$0$0$16,852,495
99$25,092,764$0$0$18,501,637
100$27,552,273$0$0$20,316,792