Can I retire at age 55 with 612,000?

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 $612,000?

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$50,538$50,088$49,649$49,220$48,802$47,564
2 years$25,019$24,553$24,101$23,664$23,239$22,000
3 years$16,514$16,046$15,595$15,162$14,744$13,542
4 years$12,262$11,795$11,349$10,923$10,515$9,361
5 years$9,711$9,248$8,808$8,390$7,994$6,889
6 years$8,012$7,551$7,118$6,709$6,325$5,271
7 years$6,798$6,342$5,915$5,516$5,144$4,142
8 years$5,888$5,436$5,016$4,627$4,267$3,316
9 years$5,181$4,733$4,321$3,942$3,594$2,692
10 years$4,615$4,172$3,767$3,398$3,062$2,209
11 years$4,153$3,714$3,316$2,957$2,633$1,828
12 years$3,768$3,333$2,943$2,594$2,282$1,523
13 years$3,443$3,012$2,629$2,290$1,990$1,275
14 years$3,164$2,738$2,363$2,033$1,744$1,073
15 years$2,922$2,501$2,133$1,813$1,536$906
16 years$2,711$2,295$1,934$1,623$1,357$767
17 years$2,525$2,114$1,760$1,458$1,204$651
18 years$2,360$1,953$1,606$1,314$1,070$554
19 years$2,213$1,810$1,471$1,188$954$472
20 years$2,080$1,682$1,350$1,076$852$403
21 years$1,960$1,567$1,241$976$762$344
22 years$1,851$1,463$1,144$888$683$294
23 years$1,752$1,368$1,056$808$614$252
24 years$1,661$1,282$977$737$551$216
25 years$1,578$1,203$905$673$496$185
26 years$1,501$1,130$839$616$447$159
27 years$1,430$1,064$779$563$403$136
28 years$1,364$1,002$725$516$364$117
29 years$1,303$946$674$473$328$100
30 years$1,246$893$628$434$297$86
31 years$1,193$844$585$399$268$74
32 years$1,143$799$546$367$243$64
33 years$1,096$757$510$337$220$55
34 years$1,052$717$477$310$199$47
35 years$1,011$680$446$286$180$40
36 years$972$645$417$263$163$35
37 years$935$613$390$242$148$30
38 years$901$583$365$223$134$26
39 years$868$554$342$206$122$22
40 years$837$527$321$190$110$19
41 years$807$502$301$175$100$16
42 years$779$478$282$162$91$14
43 years$753$455$265$149$82$12
44 years$727$434$249$138$75$10
45 years$703$414$233$127$68$9
46 years$680$395$219$118$62$8
47 years$658$377$206$109$56$7
48 years$637$360$194$100$51$6
49 years$617$343$182$93$46$5
50 years$598$328$171$86$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $612,000, adding $5,056 every year, while hoping to spend $42,568 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: 35/39/26 Blend
54$612,000$612,000$612,000$612,000
55$679,639$647,203$637,717$697,944
56$703,670$633,624$613,789$698,436
57$728,726$617,953$587,632$694,751
58$754,866$600,042$559,127$689,939
59$782,154$579,736$528,150$683,929
60$810,659$556,869$494,569$676,644
61$840,457$531,266$458,247$668,006
62$871,629$502,743$419,043$657,931
63$904,261$471,104$376,807$646,333
64$938,449$436,141$331,384$633,123
65$974,296$397,637$282,610$618,207
66$1,011,913$355,361$230,317$601,488
67$1,051,422$309,067$174,326$582,866
68$1,092,954$258,498$114,453$562,235
69$1,136,652$203,381$50,504$539,488
70$1,182,672$143,428$0$514,514
71$1,231,184$78,336$0$492,117
72$1,282,372$7,782$0$482,530
73$1,336,438$0$0$471,665
74$1,393,602$0$0$488,888
75$1,454,103$0$0$510,692
76$1,518,203$0$0$533,836
77$1,586,188$0$0$558,428
78$1,658,372$0$0$584,588
79$1,735,096$0$0$612,446
80$1,816,734$0$0$642,146
81$1,903,695$0$0$673,842
82$1,996,429$0$0$707,706
83$2,095,427$0$0$743,927
84$2,201,226$0$0$782,709
85$2,314,416$0$0$824,278
86$2,435,645$0$0$868,881
87$2,565,622$0$0$916,791
88$2,705,125$0$0$968,305
89$2,855,009$0$0$1,023,751
90$3,016,210$0$0$1,083,487
91$3,189,758$0$0$1,147,909
92$3,376,784$0$0$1,217,450
93$3,578,530$0$0$1,292,587
94$3,796,359$0$0$1,373,842
95$4,031,770$0$0$1,461,792
96$4,286,410$0$0$1,557,069
97$4,562,092$0$0$1,660,369
98$4,860,804$0$0$1,772,457
99$5,184,737$0$0$1,894,174
100$5,536,296$0$0$2,026,444