Can I retire at age 55 with 619,000?

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 $619,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$51,116$50,661$50,217$49,783$49,360$49,111
2 years$25,305$24,834$24,377$23,934$23,505$23,253
3 years$16,703$16,229$15,774$15,335$14,912$14,666
4 years$12,402$11,930$11,479$11,048$10,636$10,397
5 years$9,822$9,353$8,908$8,486$8,085$7,854
6 years$8,103$7,638$7,199$6,786$6,397$6,175
7 years$6,876$6,414$5,983$5,579$5,203$4,989
8 years$5,956$5,498$5,074$4,680$4,316$4,111
9 years$5,240$4,787$4,370$3,987$3,635$3,438
10 years$4,668$4,220$3,810$3,437$3,097$2,909
11 years$4,201$3,756$3,354$2,991$2,664$2,483
12 years$3,811$3,372$2,977$2,623$2,308$2,136
13 years$3,482$3,047$2,659$2,316$2,013$1,849
14 years$3,200$2,770$2,390$2,056$1,764$1,608
15 years$2,956$2,530$2,157$1,833$1,554$1,405
16 years$2,742$2,321$1,956$1,642$1,373$1,232
17 years$2,554$2,138$1,780$1,475$1,217$1,083
18 years$2,387$1,975$1,625$1,329$1,082$955
19 years$2,238$1,831$1,487$1,201$965$844
20 years$2,104$1,701$1,365$1,088$862$748
21 years$1,983$1,585$1,256$987$771$663
22 years$1,872$1,479$1,157$898$691$589
23 years$1,772$1,384$1,069$818$621$524
24 years$1,680$1,296$988$746$558$467
25 years$1,596$1,216$915$681$502$416
26 years$1,518$1,143$849$623$452$372
27 years$1,446$1,076$788$570$408$332
28 years$1,380$1,014$733$522$368$297
29 years$1,318$956$682$479$332$265
30 years$1,260$903$635$439$300$237
31 years$1,206$854$592$404$271$213
32 years$1,156$808$553$371$245$190
33 years$1,109$765$516$341$222$171
34 years$1,064$725$482$314$201$153
35 years$1,022$688$451$289$182$137
36 years$983$653$422$266$165$123
37 years$946$620$395$245$150$110
38 years$911$589$370$226$136$99
39 years$878$560$346$208$123$89
40 years$846$533$324$192$112$80
41 years$816$507$304$177$101$72
42 years$788$483$285$164$92$64
43 years$761$461$268$151$83$58
44 years$735$439$251$139$76$52
45 years$711$419$236$129$69$47
46 years$688$399$222$119$62$42
47 years$665$381$208$110$57$38
48 years$644$364$196$102$51$34
49 years$624$347$184$94$47$30
50 years$604$332$173$87$42$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $619,000, adding $6,057 every year, while hoping to spend $50,228 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: 42/38/20 Blend
54$619,000$619,000$619,000$619,000
55$688,386$655,579$645,984$713,038
56$705,159$634,260$614,183$709,799
57$721,960$610,213$579,632$700,962
58$738,737$583,251$542,188$690,359
59$755,435$553,177$501,698$677,852
60$771,989$519,782$458,004$663,296
61$788,325$482,845$410,940$646,535
62$804,362$442,132$360,334$627,402
63$820,007$397,396$306,005$605,719
64$835,156$348,377$247,765$581,295
65$849,692$294,798$185,416$553,925
66$863,486$236,369$118,752$523,391
67$876,391$172,781$47,560$489,457
68$888,245$103,709$0$451,874
69$898,866$28,810$0$416,435
70$908,050$0$0$388,013
71$915,573$0$0$378,052
72$921,182$0$0$379,208
73$924,598$0$0$379,304
74$925,510$0$0$378,194
75$923,574$0$0$375,718
76$918,405$0$0$371,695
77$909,579$0$0$365,929
78$896,624$0$0$358,198
79$879,017$0$0$348,260
80$856,179$0$0$335,844
81$827,467$0$0$320,652
82$792,171$0$0$302,352
83$749,505$0$0$280,579
84$698,597$0$0$254,928
85$638,485$0$0$224,951
86$568,104$0$0$190,152
87$486,275$0$0$149,986
88$391,697$0$0$103,846
89$282,930$0$0$51,065
90$158,385$0$0$0
91$16,303$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0