Can I retire at age 55 with 621,000?

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 $621,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$51,282$50,825$50,379$49,944$49,519$48,679
2 years$25,387$24,914$24,456$24,012$23,581$22,737
3 years$16,757$16,282$15,825$15,384$14,961$14,139
4 years$12,442$11,969$11,516$11,084$10,670$9,877
5 years$9,854$9,384$8,937$8,513$8,111$7,350
6 years$8,129$7,662$7,222$6,808$6,418$5,689
7 years$6,898$6,435$6,002$5,597$5,220$4,523
8 years$5,975$5,516$5,090$4,695$4,330$3,665
9 years$5,257$4,803$4,384$4,000$3,647$3,013
10 years$4,683$4,233$3,822$3,448$3,107$2,505
11 years$4,214$3,769$3,365$3,000$2,672$2,101
12 years$3,824$3,383$2,986$2,632$2,316$1,774
13 years$3,493$3,057$2,668$2,323$2,019$1,507
14 years$3,210$2,779$2,397$2,063$1,770$1,286
15 years$2,965$2,538$2,164$1,839$1,559$1,101
16 years$2,751$2,329$1,962$1,647$1,377$946
17 years$2,563$2,145$1,786$1,480$1,221$816
18 years$2,395$1,982$1,630$1,334$1,086$704
19 years$2,245$1,837$1,492$1,205$968$610
20 years$2,111$1,707$1,370$1,091$865$529
21 years$1,989$1,590$1,260$991$774$459
22 years$1,879$1,484$1,161$901$694$399
23 years$1,778$1,388$1,072$820$623$347
24 years$1,686$1,300$991$748$560$302
25 years$1,601$1,220$918$683$504$263
26 years$1,523$1,147$852$625$454$230
27 years$1,451$1,079$791$572$409$201
28 years$1,384$1,017$735$524$369$175
29 years$1,322$960$684$480$333$153
30 years$1,264$906$637$441$301$134
31 years$1,210$857$594$405$272$117
32 years$1,160$811$554$372$246$102
33 years$1,112$768$518$342$223$89
34 years$1,068$728$484$315$202$78
35 years$1,026$690$452$290$183$69
36 years$986$655$423$267$166$60
37 years$949$622$396$246$150$53
38 years$914$591$371$227$136$46
39 years$881$562$347$209$123$40
40 years$849$535$326$193$112$35
41 years$819$509$305$178$102$31
42 years$791$485$286$164$92$27
43 years$764$462$269$152$84$24
44 years$738$440$252$140$76$21
45 years$713$420$237$129$69$18
46 years$690$401$222$119$63$16
47 years$668$382$209$110$57$14
48 years$646$365$196$102$52$12
49 years$626$349$185$94$47$11
50 years$606$333$174$87$43$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $621,000, adding $4,296 every year, while hoping to spend $39,818 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: 60/23/17 Blend
54$621,000$621,000$621,000$621,000
55$688,773$655,860$646,235$726,850
56$716,662$645,631$625,518$742,840
57$746,061$633,567$602,772$755,476
58$777,082$619,534$577,888$768,337
59$809,848$603,395$550,750$781,451
60$844,490$584,999$521,238$794,848
61$881,156$564,192$489,227$808,564
62$920,003$540,806$454,585$822,643
63$961,205$514,667$417,176$837,132
64$1,004,951$485,589$376,854$852,087
65$1,051,449$453,376$333,472$867,571
66$1,100,926$417,821$286,873$883,658
67$1,153,630$378,703$236,892$900,428
68$1,209,832$335,792$183,360$917,977
69$1,269,830$288,841$126,098$936,411
70$1,333,952$237,593$64,921$955,851
71$1,402,553$181,774$0$976,434
72$1,476,027$121,094$0$998,379
73$1,554,803$55,249$0$1,034,365
74$1,639,354$0$0$1,072,839
75$1,730,196$0$0$1,118,131
76$1,827,898$0$0$1,181,916
77$1,933,085$0$0$1,250,625
78$2,046,441$0$0$1,324,709
79$2,168,719$0$0$1,404,664
80$2,300,746$0$0$1,491,038
81$2,443,430$0$0$1,584,429
82$2,597,770$0$0$1,685,497
83$2,764,864$0$0$1,794,967
84$2,945,919$0$0$1,913,636
85$3,142,261$0$0$2,042,379
86$3,355,349$0$0$2,182,162
87$3,586,788$0$0$2,334,043
88$3,838,344$0$0$2,499,189
89$4,111,958$0$0$2,678,883
90$4,409,767$0$0$2,874,536
91$4,734,122$0$0$3,087,702
92$5,087,609$0$0$3,320,089
93$5,473,077$0$0$3,573,579
94$5,893,658$0$0$3,850,243
95$6,352,801$0$0$4,152,359
96$6,854,304$0$0$4,482,437
97$7,402,346$0$0$4,843,239
98$8,001,528$0$0$5,237,806
99$8,656,918$0$0$5,669,486
100$9,374,093$0$0$6,141,967