Can I retire at age 55 with 603,000?

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 $603,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$49,795$49,352$48,919$48,497$48,084$47,681
2 years$24,651$24,192$23,747$23,316$22,897$22,491
3 years$16,271$15,810$15,366$14,939$14,527$14,130
4 years$12,081$11,622$11,182$10,762$10,361$9,977
5 years$9,569$9,112$8,678$8,267$7,876$7,505
6 years$7,894$7,440$7,013$6,611$6,232$5,876
7 years$6,698$6,248$5,828$5,435$5,068$4,726
8 years$5,802$5,356$4,943$4,559$4,205$3,877
9 years$5,105$4,663$4,257$3,884$3,541$3,227
10 years$4,548$4,111$3,711$3,348$3,017$2,717
11 years$4,092$3,659$3,267$2,913$2,595$2,309
12 years$3,713$3,284$2,900$2,556$2,249$1,976
13 years$3,392$2,968$2,591$2,256$1,961$1,701
14 years$3,117$2,698$2,328$2,003$1,719$1,472
15 years$2,879$2,465$2,102$1,786$1,513$1,279
16 years$2,672$2,261$1,905$1,599$1,338$1,115
17 years$2,488$2,083$1,734$1,437$1,186$975
18 years$2,326$1,924$1,583$1,295$1,054$855
19 years$2,180$1,783$1,449$1,170$940$752
20 years$2,049$1,657$1,330$1,060$840$662
21 years$1,931$1,544$1,223$962$751$584
22 years$1,824$1,441$1,127$874$673$515
23 years$1,726$1,348$1,041$796$605$456
24 years$1,637$1,263$963$726$543$404
25 years$1,555$1,185$892$663$489$358
26 years$1,479$1,114$827$607$440$317
27 years$1,409$1,048$768$555$397$282
28 years$1,344$988$714$509$358$250
29 years$1,284$932$664$466$324$222
30 years$1,227$880$619$428$292$198
31 years$1,175$832$577$393$264$176
32 years$1,126$787$538$361$239$156
33 years$1,080$745$503$332$216$139
34 years$1,037$706$470$306$196$124
35 years$996$670$439$281$177$110
36 years$958$636$411$259$161$98
37 years$922$604$384$239$146$88
38 years$887$574$360$220$132$78
39 years$855$546$337$203$120$70
40 years$824$519$316$187$109$62
41 years$795$494$296$173$99$55
42 years$768$471$278$159$89$49
43 years$741$449$261$147$81$44
44 years$716$428$245$136$74$39
45 years$693$408$230$125$67$35
46 years$670$389$216$116$61$31
47 years$648$371$203$107$55$28
48 years$628$354$191$99$50$25
49 years$608$338$179$91$45$22
50 years$589$323$168$85$41$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $603,000, adding $2,105 every year, while hoping to spend $55,848 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: 67/26/7 Blend
54$603,000$603,000$603,000$603,000
55$666,677$634,718$625,372$710,409
56$675,257$606,398$586,900$711,374
57$682,839$574,818$545,267$705,504
58$689,264$539,759$500,310$697,595
59$694,353$500,991$451,854$687,439
60$697,907$458,270$399,721$674,811
61$699,704$411,336$343,722$659,463
62$699,499$359,916$283,662$641,124
63$697,018$303,722$219,335$619,501
64$691,959$242,450$150,527$594,270
65$683,985$175,775$77,016$565,079
66$672,723$103,360$0$531,545
67$657,759$24,843$0$493,352
68$638,637$0$0$456,080
69$614,848$0$0$430,698
70$585,832$0$0$408,541
71$550,967$0$0$382,042
72$509,564$0$0$350,693
73$460,864$0$0$313,932
74$404,026$0$0$271,136
75$338,119$0$0$221,618
76$262,115$0$0$164,619
77$174,878$0$0$99,298
78$75,153$0$0$24,727
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$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