Can I retire at age 55 with 609,000?

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 $609,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$50,291$49,843$49,406$48,979$48,563$46,970
2 years$24,896$24,433$23,983$23,548$23,125$21,536
3 years$16,433$15,967$15,519$15,087$14,671$13,136
4 years$12,202$11,737$11,294$10,869$10,464$8,993
5 years$9,664$9,202$8,764$8,349$7,954$6,552
6 years$7,972$7,514$7,083$6,677$6,294$4,962
7 years$6,765$6,311$5,886$5,489$5,119$3,857
8 years$5,859$5,409$4,992$4,605$4,247$3,053
9 years$5,156$4,710$4,299$3,922$3,576$2,450
10 years$4,593$4,151$3,748$3,381$3,047$1,987
11 years$4,133$3,696$3,300$2,942$2,621$1,624
12 years$3,750$3,317$2,929$2,581$2,271$1,336
13 years$3,426$2,998$2,617$2,279$1,980$1,105
14 years$3,148$2,725$2,351$2,023$1,736$917
15 years$2,908$2,489$2,123$1,804$1,528$764
16 years$2,698$2,284$1,924$1,615$1,351$638
17 years$2,513$2,103$1,751$1,451$1,198$534
18 years$2,349$1,944$1,599$1,308$1,065$448
19 years$2,202$1,801$1,463$1,182$949$376
20 years$2,070$1,674$1,343$1,070$848$317
21 years$1,951$1,559$1,235$971$759$266
22 years$1,842$1,455$1,139$883$680$225
23 years$1,743$1,361$1,051$804$611$189
24 years$1,653$1,275$972$734$549$160
25 years$1,570$1,197$901$670$494$135
26 years$1,494$1,125$835$613$445$114
27 years$1,423$1,059$776$561$401$96
28 years$1,357$998$721$514$362$81
29 years$1,296$941$671$471$327$69
30 years$1,240$889$625$432$295$58
31 years$1,187$840$583$397$267$49
32 years$1,137$795$544$365$241$42
33 years$1,091$753$508$336$219$35
34 years$1,047$713$474$309$198$30
35 years$1,006$677$443$284$179$25
36 years$967$642$415$262$162$21
37 years$931$610$388$241$147$18
38 years$896$580$364$222$133$15
39 years$864$551$341$205$121$13
40 years$833$525$319$189$110$11
41 years$803$499$299$174$100$9
42 years$775$476$281$161$90$8
43 years$749$453$263$149$82$7
44 years$724$432$247$137$74$6
45 years$700$412$232$127$68$5
46 years$677$393$218$117$61$4
47 years$655$375$205$108$56$3
48 years$634$358$193$100$51$3
49 years$614$342$181$92$46$2
50 years$595$326$170$85$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $609,000, adding $6,337 every year, while hoping to spend $35,075 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: 55/39/6 Blend
54$609,000$609,000$609,000$609,000
55$677,655$645,378$635,938$713,687
56$709,456$639,682$619,923$733,025
57$743,325$632,531$602,195$749,619
58$779,437$623,817$582,661$766,823
59$817,981$613,426$561,221$784,701
60$859,166$601,235$537,774$803,322
61$903,222$587,116$512,209$822,765
62$950,398$570,932$484,416$843,120
63$1,000,970$552,540$454,276$864,488
64$1,055,240$531,785$421,665$886,981
65$1,113,539$508,507$386,456$910,726
66$1,176,231$482,535$348,512$935,864
67$1,243,714$453,686$307,695$962,556
68$1,316,427$421,771$263,857$990,980
69$1,394,851$386,586$216,844$1,021,335
70$1,479,514$347,918$166,497$1,053,844
71$1,570,999$305,540$112,649$1,088,756
72$1,669,943$259,214$55,125$1,126,351
73$1,777,049$208,687$0$1,166,940
74$1,893,088$153,692$0$1,211,270
75$2,018,908$93,948$0$1,263,119
76$2,155,443$29,158$0$1,319,398
77$2,303,718$0$0$1,380,602
78$2,464,863$0$0$1,464,870
79$2,640,119$0$0$1,570,177
80$2,830,852$0$0$1,684,835
81$3,038,565$0$0$1,809,755
82$3,264,912$0$0$1,945,938
83$3,511,713$0$0$2,094,488
84$3,780,973$0$0$2,256,616
85$4,074,895$0$0$2,433,659
86$4,395,908$0$0$2,627,086
87$4,746,683$0$0$2,838,517
88$5,130,163$0$0$3,069,733
89$5,549,586$0$0$3,322,696
90$6,008,519$0$0$3,599,567
91$6,510,888$0$0$3,902,724
92$7,061,019$0$0$4,234,787
93$7,663,673$0$0$4,598,641
94$8,324,094$0$0$4,997,463
95$9,048,057$0$0$5,434,753
96$9,841,925$0$0$5,914,364
97$10,712,702$0$0$6,440,541
98$11,668,106$0$0$7,017,960
99$12,716,637$0$0$7,651,771
100$13,867,656$0$0$8,347,647