Can I retire at age 55 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$49,547$49,106$48,676$48,255$47,845$45,947
2 years$24,528$24,072$23,629$23,200$22,783$20,894
3 years$16,190$15,731$15,289$14,864$14,455$12,634
4 years$12,021$11,564$11,127$10,709$10,309$8,572
5 years$9,521$9,066$8,635$8,225$7,837$6,186
6 years$7,855$7,403$6,978$6,578$6,201$4,639
7 years$6,665$6,217$5,799$5,408$5,043$3,568
8 years$5,773$5,329$4,918$4,537$4,184$2,795
9 years$5,079$4,640$4,236$3,864$3,523$2,219
10 years$4,525$4,090$3,693$3,331$3,002$1,779
11 years$4,072$3,641$3,251$2,899$2,582$1,437
12 years$3,694$3,268$2,885$2,543$2,237$1,168
13 years$3,375$2,953$2,578$2,245$1,951$954
14 years$3,102$2,685$2,316$1,993$1,710$782
15 years$2,865$2,452$2,091$1,777$1,506$643
16 years$2,658$2,250$1,896$1,591$1,331$530
17 years$2,476$2,072$1,725$1,430$1,180$438
18 years$2,314$1,915$1,575$1,289$1,049$362
19 years$2,169$1,775$1,442$1,164$935$300
20 years$2,039$1,649$1,323$1,054$835$249
21 years$1,922$1,536$1,217$957$748$207
22 years$1,815$1,434$1,122$870$670$172
23 years$1,718$1,341$1,036$792$601$143
24 years$1,629$1,256$958$723$541$119
25 years$1,547$1,179$887$660$486$99
26 years$1,472$1,108$823$604$438$82
27 years$1,402$1,043$764$552$395$69
28 years$1,337$983$710$506$356$57
29 years$1,277$927$661$464$322$48
30 years$1,221$876$616$426$291$40
31 years$1,169$828$574$391$263$33
32 years$1,120$783$536$360$238$28
33 years$1,075$742$500$331$215$23
34 years$1,032$703$467$304$195$19
35 years$991$667$437$280$177$16
36 years$953$633$409$258$160$13
37 years$917$601$382$238$145$11
38 years$883$571$358$219$131$9
39 years$851$543$336$202$119$8
40 years$820$517$315$186$108$6
41 years$791$492$295$172$98$5
42 years$764$468$277$159$89$4
43 years$738$446$260$146$81$4
44 years$713$425$244$135$73$3
45 years$689$406$229$125$67$3
46 years$667$387$215$115$60$2
47 years$645$369$202$107$55$2
48 years$624$353$190$98$50$2
49 years$605$337$178$91$45$1
50 years$586$322$168$84$41$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $600,000, adding $2,993 every year, while hoping to spend $32,040 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: 46/48/6 Blend
54$600,000$600,000$600,000$600,000
55$664,287$632,487$623,187$693,631
56$697,954$629,389$609,974$711,011
57$733,981$625,065$595,244$726,261
58$772,576$619,421$578,913$742,051
59$813,964$612,358$560,892$758,441
60$858,395$603,771$541,089$775,498
61$906,143$593,547$519,407$793,297
62$957,507$581,568$495,744$811,927
63$1,012,817$567,709$469,995$831,483
64$1,072,434$551,837$442,050$852,076
65$1,136,756$533,810$411,792$873,828
66$1,206,219$513,481$379,101$896,880
67$1,281,302$490,691$343,850$921,387
68$1,362,534$465,274$305,909$947,523
69$1,450,494$437,053$265,138$975,487
70$1,545,818$405,843$221,394$1,005,498
71$1,649,208$371,445$174,527$1,037,802
72$1,761,434$333,653$124,380$1,072,676
73$1,883,343$292,244$70,789$1,110,429
74$2,015,867$246,987$13,584$1,151,405
75$2,160,032$197,636$0$1,195,989
76$2,316,966$143,931$0$1,247,650
77$2,487,910$85,598$0$1,304,954
78$2,674,231$22,346$0$1,367,577
79$2,877,433$0$0$1,436,128
80$3,099,169$0$0$1,535,647
81$3,341,262$0$0$1,657,254
82$3,605,717$0$0$1,790,162
83$3,894,741$0$0$1,935,488
84$4,210,765$0$0$2,094,463
85$4,556,464$0$0$2,268,443
86$4,934,785$0$0$2,458,920
87$5,348,971$0$0$2,667,537
88$5,802,596$0$0$2,896,104
89$6,299,594$0$0$3,146,613
90$6,844,297$0$0$3,421,261
91$7,441,478$0$0$3,722,464
92$8,096,391$0$0$4,052,884
93$8,814,826$0$0$4,415,456
94$9,603,158$0$0$4,813,409
95$10,468,411$0$0$5,250,303
96$11,418,319$0$0$5,730,056
97$12,461,406$0$0$6,256,986
98$13,607,057$0$0$6,835,851
99$14,865,615$0$0$7,471,891
100$16,248,470$0$0$8,170,879