Can I retire at age 55 with 599,000?

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 $599,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$49,465$49,024$48,594$48,175$47,765$46,573
2 years$24,488$24,031$23,590$23,161$22,745$21,551
3 years$16,163$15,705$15,264$14,839$14,431$13,273
4 years$12,001$11,545$11,108$10,691$10,292$9,179
5 years$9,505$9,051$8,620$8,212$7,824$6,759
6 years$7,841$7,391$6,967$6,567$6,191$5,175
7 years$6,654$6,207$5,789$5,399$5,035$4,068
8 years$5,763$5,320$4,910$4,529$4,177$3,259
9 years$5,071$4,632$4,229$3,858$3,517$2,647
10 years$4,517$4,083$3,687$3,325$2,997$2,174
11 years$4,065$3,635$3,246$2,894$2,578$1,800
12 years$3,688$3,263$2,881$2,539$2,234$1,500
13 years$3,369$2,949$2,574$2,241$1,948$1,257
14 years$3,097$2,680$2,312$1,989$1,707$1,058
15 years$2,860$2,448$2,088$1,774$1,503$894
16 years$2,654$2,246$1,893$1,589$1,329$758
17 years$2,472$2,069$1,722$1,427$1,178$644
18 years$2,310$1,912$1,572$1,286$1,047$548
19 years$2,166$1,772$1,439$1,162$934$467
20 years$2,036$1,646$1,321$1,053$834$399
21 years$1,918$1,533$1,215$955$746$341
22 years$1,812$1,431$1,120$869$669$292
23 years$1,715$1,339$1,034$791$600$250
24 years$1,626$1,254$956$722$540$214
25 years$1,544$1,177$886$659$486$184
26 years$1,469$1,106$821$603$437$158
27 years$1,400$1,041$763$552$394$136
28 years$1,335$981$709$505$356$117
29 years$1,275$926$660$463$321$100
30 years$1,219$874$615$425$290$86
31 years$1,167$826$573$391$263$74
32 years$1,118$782$535$359$237$64
33 years$1,073$740$499$330$215$55
34 years$1,030$702$466$304$195$47
35 years$989$666$436$280$176$41
36 years$951$632$408$257$160$35
37 years$915$600$382$237$145$30
38 years$881$570$358$219$131$26
39 years$849$542$335$202$119$22
40 years$819$516$314$186$108$19
41 years$790$491$294$172$98$17
42 years$763$468$276$158$89$14
43 years$737$446$259$146$81$12
44 years$712$425$243$135$73$11
45 years$688$405$228$125$66$9
46 years$665$386$215$115$60$8
47 years$644$369$202$106$55$7
48 years$623$352$189$98$50$6
49 years$604$336$178$91$45$5
50 years$585$321$167$84$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $599,000, adding $5,403 every year, while hoping to spend $37,432 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: 34/41/25 Blend
54$599,000$599,000$599,000$599,000
55$665,671$633,924$624,640$683,098
56$693,742$625,159$605,738$687,828
57$723,422$614,710$584,948$689,162
58$754,835$602,455$562,168$689,857
59$788,117$588,264$537,290$689,881
60$823,418$572,001$510,201$689,201
61$860,898$553,522$480,785$687,785
62$900,737$532,671$448,918$685,603
63$943,128$509,288$414,473$682,625
64$988,284$483,200$377,315$678,822
65$1,036,438$454,226$337,304$674,166
66$1,087,846$422,174$294,294$668,634
67$1,142,786$386,840$248,133$662,204
68$1,201,566$348,011$198,661$654,857
69$1,264,521$305,459$145,711$646,577
70$1,332,019$258,944$89,110$637,356
71$1,404,466$208,213$28,676$627,190
72$1,482,305$152,999$0$616,079
73$1,566,023$93,018$0$613,590
74$1,656,154$27,973$0$618,970
75$1,753,286$0$0$624,647
76$1,858,064$0$0$649,870
77$1,971,197$0$0$690,800
78$2,093,463$0$0$735,106
79$2,225,718$0$0$783,107
80$2,368,903$0$0$835,155
81$2,524,052$0$0$891,634
82$2,692,302$0$0$952,971
83$2,874,903$0$0$1,019,631
84$3,073,232$0$0$1,092,128
85$3,288,800$0$0$1,171,028
86$3,523,272$0$0$1,256,951
87$3,778,479$0$0$1,350,583
88$4,056,436$0$0$1,452,676
89$4,359,361$0$0$1,564,060
90$4,689,692$0$0$1,685,645
91$5,050,116$0$0$1,818,437
92$5,443,588$0$0$1,963,540
93$5,873,364$0$0$2,122,172
94$6,343,023$0$0$2,295,673
95$6,856,512$0$0$2,485,518
96$7,418,171$0$0$2,693,330
97$8,032,781$0$0$2,920,900
98$8,705,607$0$0$3,170,197
99$9,442,446$0$0$3,443,389
100$10,249,682$0$0$3,742,868