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 $4,640 every year, while hoping to spend $31,627 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: 62/30/8 Blend
54$603,000$603,000$603,000$603,000
55$669,292$637,333$627,987$709,392
56$703,909$634,912$615,373$734,338
57$740,997$631,311$601,277$757,464
58$780,774$626,441$585,616$781,903
59$823,481$620,205$568,302$807,778
60$869,381$612,499$549,245$835,232
61$918,762$603,216$528,349$864,419
62$971,943$592,241$505,515$895,512
63$1,029,271$579,450$480,640$928,702
64$1,091,129$564,716$453,614$964,201
65$1,157,939$547,902$424,325$1,002,244
66$1,230,162$528,862$392,653$1,043,092
67$1,308,306$507,444$358,474$1,087,034
68$1,392,930$483,486$321,660$1,134,389
69$1,484,647$456,815$282,074$1,185,512
70$1,584,134$427,251$239,576$1,240,796
71$1,692,131$394,603$194,018$1,300,675
72$1,809,457$358,666$145,246$1,365,630
73$1,937,008$319,228$93,098$1,436,196
74$2,075,774$276,061$37,408$1,512,963
75$2,226,842$228,927$0$1,596,582
76$2,391,408$177,572$0$1,689,659
77$2,570,788$121,730$0$1,794,641
78$2,766,432$61,119$0$1,909,234
79$2,979,935$0$0$2,034,434
80$3,213,052$0$0$2,172,847
81$3,467,715$0$0$2,346,136
82$3,746,052$0$0$2,535,579
83$4,050,406$0$0$2,742,773
84$4,383,354$0$0$2,969,481
85$4,747,738$0$0$3,217,642
86$5,146,682$0$0$3,489,392
87$5,583,632$0$0$3,787,082
88$6,062,378$0$0$4,113,302
89$6,587,096$0$0$4,470,905
90$7,162,386$0$0$4,863,031
91$7,793,312$0$0$5,293,142
92$8,485,455$0$0$5,765,047
93$9,244,959$0$0$6,282,945
94$10,078,592$0$0$6,851,459
95$10,993,812$0$0$7,475,683
96$11,998,831$0$0$8,161,226
97$13,102,697$0$0$8,914,271
98$14,315,377$0$0$9,741,624
99$15,647,850$0$0$10,650,788
100$17,112,213$0$0$11,650,026