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%13.7%
1 years$51,116$50,661$50,217$49,783$49,360$48,602
2 years$25,305$24,834$24,377$23,934$23,505$22,743
3 years$16,703$16,229$15,774$15,335$14,912$14,171
4 years$12,402$11,930$11,479$11,048$10,636$9,920
5 years$9,822$9,353$8,908$8,486$8,085$7,397
6 years$8,103$7,638$7,199$6,786$6,397$5,737
7 years$6,876$6,414$5,983$5,579$5,203$4,571
8 years$5,956$5,498$5,074$4,680$4,316$3,713
9 years$5,240$4,787$4,370$3,987$3,635$3,060
10 years$4,668$4,220$3,810$3,437$3,097$2,550
11 years$4,201$3,756$3,354$2,991$2,664$2,144
12 years$3,811$3,372$2,977$2,623$2,308$1,815
13 years$3,482$3,047$2,659$2,316$2,013$1,546
14 years$3,200$2,770$2,390$2,056$1,764$1,323
15 years$2,956$2,530$2,157$1,833$1,554$1,136
16 years$2,742$2,321$1,956$1,642$1,373$979
17 years$2,554$2,138$1,780$1,475$1,217$846
18 years$2,387$1,975$1,625$1,329$1,082$733
19 years$2,238$1,831$1,487$1,201$965$636
20 years$2,104$1,701$1,365$1,088$862$553
21 years$1,983$1,585$1,256$987$771$482
22 years$1,872$1,479$1,157$898$691$420
23 years$1,772$1,384$1,069$818$621$367
24 years$1,680$1,296$988$746$558$320
25 years$1,596$1,216$915$681$502$280
26 years$1,518$1,143$849$623$452$245
27 years$1,446$1,076$788$570$408$215
28 years$1,380$1,014$733$522$368$188
29 years$1,318$956$682$479$332$165
30 years$1,260$903$635$439$300$145
31 years$1,206$854$592$404$271$127
32 years$1,156$808$553$371$245$111
33 years$1,109$765$516$341$222$98
34 years$1,064$725$482$314$201$86
35 years$1,022$688$451$289$182$75
36 years$983$653$422$266$165$66
37 years$946$620$395$245$150$58
38 years$911$589$370$226$136$51
39 years$878$560$346$208$123$45
40 years$846$533$324$192$112$39
41 years$816$507$304$177$101$35
42 years$788$483$285$164$92$30
43 years$761$461$268$151$83$27
44 years$735$439$251$139$76$24
45 years$711$419$236$129$69$21
46 years$688$399$222$119$62$18
47 years$665$381$208$110$57$16
48 years$644$364$196$102$51$14
49 years$624$347$184$94$47$12
50 years$604$332$173$87$42$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $619,000, adding $6,293 every year, while hoping to spend $47,714 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: 35/41/24 Blend
54$619,000$619,000$619,000$619,000
55$688,629$655,822$646,228$707,543
56$708,102$637,190$617,109$703,472
57$727,962$616,046$585,416$694,279
58$748,198$592,216$551,011$683,407
59$768,797$565,517$513,752$670,736
60$789,741$535,755$473,490$656,139
61$811,012$502,724$430,069$639,482
62$832,585$466,207$383,326$620,622
63$854,432$425,974$333,091$599,408
64$876,520$381,784$279,186$575,677
65$898,812$333,378$221,425$549,260
66$921,264$280,486$159,616$519,976
67$943,825$222,822$93,555$487,630
68$966,438$160,083$23,032$452,020
69$989,037$91,950$0$412,927
70$1,011,548$18,085$0$383,496
71$1,033,887$0$0$357,270
72$1,055,957$0$0$356,059
73$1,077,652$0$0$362,813
74$1,098,851$0$0$369,325
75$1,119,417$0$0$375,541
76$1,139,199$0$0$381,399
77$1,158,024$0$0$386,834
78$1,175,702$0$0$391,768
79$1,192,020$0$0$396,118
80$1,206,738$0$0$399,790
81$1,219,592$0$0$402,680
82$1,230,284$0$0$404,671
83$1,238,485$0$0$405,634
84$1,243,828$0$0$405,425
85$1,245,905$0$0$403,885
86$1,244,262$0$0$400,837
87$1,238,398$0$0$396,084
88$1,227,753$0$0$389,408
89$1,211,707$0$0$380,569
90$1,189,575$0$0$369,299
91$1,160,595$0$0$355,302
92$1,123,924$0$0$338,249
93$1,078,628$0$0$317,778
94$1,023,674$0$0$293,488
95$957,918$0$0$264,933
96$880,095$0$0$231,624
97$788,805$0$0$193,017
98$682,499$0$0$148,511
99$559,468$0$0$97,444
100$417,818$0$0$39,082