Can I retire at age 55 with 611,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $611,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$50,456$50,006$49,568$49,140$48,722$46,919
2 years$24,978$24,513$24,062$23,625$23,201$21,405
3 years$16,487$16,019$15,570$15,137$14,720$12,987
4 years$12,242$11,776$11,331$10,905$10,498$8,842
5 years$9,696$9,233$8,793$8,376$7,981$6,405
6 years$7,999$7,539$7,106$6,699$6,315$4,821
7 years$6,787$6,331$5,905$5,507$5,136$3,724
8 years$5,879$5,427$5,008$4,620$4,260$2,929
9 years$5,172$4,725$4,314$3,935$3,588$2,335
10 years$4,608$4,165$3,761$3,392$3,057$1,880
11 years$4,146$3,708$3,311$2,952$2,629$1,526
12 years$3,762$3,328$2,938$2,589$2,278$1,246
13 years$3,437$3,008$2,625$2,286$1,987$1,023
14 years$3,159$2,734$2,359$2,029$1,742$843
15 years$2,918$2,497$2,130$1,810$1,533$696
16 years$2,707$2,291$1,931$1,620$1,355$577
17 years$2,521$2,110$1,757$1,456$1,202$479
18 years$2,356$1,950$1,604$1,312$1,068$399
19 years$2,209$1,807$1,468$1,186$952$332
20 years$2,077$1,679$1,347$1,074$851$277
21 years$1,957$1,564$1,239$975$761$231
22 years$1,848$1,460$1,142$886$682$193
23 years$1,749$1,366$1,055$807$613$161
24 years$1,659$1,280$975$736$551$135
25 years$1,575$1,201$903$672$495$113
26 years$1,498$1,129$838$615$446$95
27 years$1,428$1,062$778$563$402$79
28 years$1,362$1,001$723$515$363$66
29 years$1,301$944$673$473$328$56
30 years$1,244$892$627$434$296$47
31 years$1,191$843$585$398$268$39
32 years$1,141$798$545$366$242$33
33 years$1,094$755$509$337$219$27
34 years$1,050$716$476$310$198$23
35 years$1,009$679$445$285$180$19
36 years$970$644$416$263$163$16
37 years$934$612$389$242$148$14
38 years$899$582$365$223$134$11
39 years$866$553$342$206$121$10
40 years$835$526$320$190$110$8
41 years$806$501$300$175$100$7
42 years$778$477$282$162$91$6
43 years$751$455$264$149$82$5
44 years$726$433$248$138$75$4
45 years$702$413$233$127$68$3
46 years$679$394$219$117$62$3
47 years$657$376$206$109$56$2
48 years$636$359$193$100$51$2
49 years$616$343$182$93$46$2
50 years$597$328$171$86$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $611,000, adding $5,049 every year, while hoping to spend $24,034 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: 70/9/21 Blend
54$611,000$611,000$611,000$611,000
55$678,530$646,147$636,677$722,170
56$722,168$652,236$632,433$758,037
57$769,452$657,818$627,242$793,978
58$820,727$662,843$621,046$832,731
59$876,376$667,257$613,786$874,570
60$936,817$671,003$605,398$919,801
61$1,002,511$674,021$595,818$968,758
62$1,073,965$676,246$584,976$1,021,813
63$1,151,737$677,609$572,800$1,079,373
64$1,236,441$678,039$559,216$1,141,889
65$1,328,753$677,457$544,144$1,209,857
66$1,429,415$675,782$527,502$1,283,827
67$1,539,246$672,927$509,205$1,364,401
68$1,659,148$668,798$489,161$1,452,247
69$1,790,110$663,299$467,278$1,548,099
70$1,933,225$656,325$443,455$1,652,769
71$2,089,695$647,765$417,592$1,767,152
72$2,260,842$637,503$389,579$1,892,232
73$2,448,122$625,416$359,304$2,029,098
74$2,653,140$611,371$326,651$2,178,949
75$2,877,663$595,230$291,496$2,343,109
76$3,123,635$576,847$253,711$2,523,035
77$3,393,198$556,065$213,163$2,720,338
78$3,688,711$532,719$169,711$2,936,791
79$4,012,774$506,636$123,210$3,174,349
80$4,368,246$477,631$73,507$3,435,172
81$4,758,282$445,509$20,444$3,721,636
82$5,186,351$410,064$0$4,036,366
83$5,656,280$371,078$0$4,390,360
84$6,172,281$328,321$0$4,784,117
85$6,738,994$281,549$0$5,216,606
86$7,361,531$230,505$0$5,691,746
87$8,045,525$174,918$0$6,213,857
88$8,797,180$114,500$0$6,787,697
89$9,623,330$48,948$0$7,418,509
90$10,531,506$0$0$8,112,071
91$11,530,003$0$0$8,876,936
92$12,627,963$0$0$9,723,356
93$13,835,454$0$0$10,654,253
94$15,163,571$0$0$11,678,182
95$16,624,539$0$0$12,804,574
96$18,231,825$0$0$14,043,818
97$20,000,269$0$0$15,407,359
98$21,946,222$0$0$16,907,810
99$24,087,699$0$0$18,559,068
100$26,444,550$0$0$20,376,444