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%12.6%
1 years$51,116$50,661$50,217$49,783$49,360$48,824
2 years$25,305$24,834$24,377$23,934$23,505$22,965
3 years$16,703$16,229$15,774$15,335$14,912$14,386
4 years$12,402$11,930$11,479$11,048$10,636$10,126
5 years$9,822$9,353$8,908$8,486$8,085$7,594
6 years$8,103$7,638$7,199$6,786$6,397$5,926
7 years$6,876$6,414$5,983$5,579$5,203$4,751
8 years$5,956$5,498$5,074$4,680$4,316$3,884
9 years$5,240$4,787$4,370$3,987$3,635$3,221
10 years$4,668$4,220$3,810$3,437$3,097$2,703
11 years$4,201$3,756$3,354$2,991$2,664$2,288
12 years$3,811$3,372$2,977$2,623$2,308$1,951
13 years$3,482$3,047$2,659$2,316$2,013$1,673
14 years$3,200$2,770$2,390$2,056$1,764$1,442
15 years$2,956$2,530$2,157$1,833$1,554$1,248
16 years$2,742$2,321$1,956$1,642$1,373$1,084
17 years$2,554$2,138$1,780$1,475$1,217$944
18 years$2,387$1,975$1,625$1,329$1,082$824
19 years$2,238$1,831$1,487$1,201$965$721
20 years$2,104$1,701$1,365$1,088$862$632
21 years$1,983$1,585$1,256$987$771$555
22 years$1,872$1,479$1,157$898$691$488
23 years$1,772$1,384$1,069$818$621$429
24 years$1,680$1,296$988$746$558$378
25 years$1,596$1,216$915$681$502$334
26 years$1,518$1,143$849$623$452$295
27 years$1,446$1,076$788$570$408$260
28 years$1,380$1,014$733$522$368$230
29 years$1,318$956$682$479$332$203
30 years$1,260$903$635$439$300$180
31 years$1,206$854$592$404$271$159
32 years$1,156$808$553$371$245$141
33 years$1,109$765$516$341$222$125
34 years$1,064$725$482$314$201$111
35 years$1,022$688$451$289$182$98
36 years$983$653$422$266$165$87
37 years$946$620$395$245$150$77
38 years$911$589$370$226$136$68
39 years$878$560$346$208$123$61
40 years$846$533$324$192$112$54
41 years$816$507$304$177$101$48
42 years$788$483$285$164$92$42
43 years$761$461$268$151$83$38
44 years$735$439$251$139$76$33
45 years$711$419$236$129$69$30
46 years$688$399$222$119$62$26
47 years$665$381$208$110$57$23
48 years$644$364$196$102$51$21
49 years$624$347$184$94$47$18
50 years$604$332$173$87$42$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $619,000, adding $6,251 every year, while hoping to spend $45,682 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: 65/14/21 Blend
54$619,000$619,000$619,000$619,000
55$688,586$655,779$646,184$729,269
56$710,216$639,307$619,226$740,908
57$732,522$620,496$589,834$747,867
58$755,524$599,185$557,878$754,404
59$779,242$575,200$523,222$760,481
60$803,700$548,360$485,725$766,055
61$828,919$518,472$445,238$771,082
62$854,923$485,330$401,608$775,515
63$881,734$448,721$354,671$779,305
64$909,378$408,416$304,260$782,398
65$937,880$364,173$250,197$784,741
66$967,265$315,739$192,300$786,272
67$997,559$262,843$130,375$786,931
68$1,028,790$205,202$64,223$786,652
69$1,060,985$142,515$0$785,365
70$1,094,172$74,465$0$784,424
71$1,128,381$718$0$797,774
72$1,163,641$0$0$810,978
73$1,199,983$0$0$836,185
74$1,237,438$0$0$862,278
75$1,276,038$0$0$889,168
76$1,315,814$0$0$916,877
77$1,356,801$0$0$945,428
78$1,399,032$0$0$974,845
79$1,442,542$0$0$1,005,152
80$1,487,365$0$0$1,036,372
81$1,533,536$0$0$1,068,531
82$1,581,093$0$0$1,101,652
83$1,630,072$0$0$1,135,763
84$1,680,509$0$0$1,170,887
85$1,732,442$0$0$1,207,052
86$1,785,908$0$0$1,244,282
87$1,840,946$0$0$1,282,605
88$1,897,594$0$0$1,322,045
89$1,955,889$0$0$1,362,630
90$2,015,869$0$0$1,404,385
91$2,077,572$0$0$1,447,336
92$2,141,036$0$0$1,491,509
93$2,206,297$0$0$1,536,929
94$2,273,391$0$0$1,583,620
95$2,342,354$0$0$1,631,607
96$2,413,218$0$0$1,680,911
97$2,486,017$0$0$1,731,555
98$2,560,781$0$0$1,783,559
99$2,637,539$0$0$1,836,943
100$2,716,315$0$0$1,891,722