Can I retire at age 55 with 611,000?

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 $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%16.7%
1 years$50,456$50,006$49,568$49,140$48,722$47,390
2 years$24,978$24,513$24,062$23,625$23,201$21,869
3 years$16,487$16,019$15,570$15,137$14,720$13,429
4 years$12,242$11,776$11,331$10,905$10,498$9,259
5 years$9,696$9,233$8,793$8,376$7,981$6,796
6 years$7,999$7,539$7,106$6,699$6,315$5,186
7 years$6,787$6,331$5,905$5,507$5,136$4,063
8 years$5,879$5,427$5,008$4,620$4,260$3,243
9 years$5,172$4,725$4,314$3,935$3,588$2,625
10 years$4,608$4,165$3,761$3,392$3,057$2,148
11 years$4,146$3,708$3,311$2,952$2,629$1,772
12 years$3,762$3,328$2,938$2,589$2,278$1,471
13 years$3,437$3,008$2,625$2,286$1,987$1,228
14 years$3,159$2,734$2,359$2,029$1,742$1,029
15 years$2,918$2,497$2,130$1,810$1,533$866
16 years$2,707$2,291$1,931$1,620$1,355$730
17 years$2,521$2,110$1,757$1,456$1,202$618
18 years$2,356$1,950$1,604$1,312$1,068$524
19 years$2,209$1,807$1,468$1,186$952$444
20 years$2,077$1,679$1,347$1,074$851$378
21 years$1,957$1,564$1,239$975$761$322
22 years$1,848$1,460$1,142$886$682$274
23 years$1,749$1,366$1,055$807$613$234
24 years$1,659$1,280$975$736$551$199
25 years$1,575$1,201$903$672$495$170
26 years$1,498$1,129$838$615$446$145
27 years$1,428$1,062$778$563$402$124
28 years$1,362$1,001$723$515$363$106
29 years$1,301$944$673$473$328$91
30 years$1,244$892$627$434$296$78
31 years$1,191$843$585$398$268$67
32 years$1,141$798$545$366$242$57
33 years$1,094$755$509$337$219$49
34 years$1,050$716$476$310$198$42
35 years$1,009$679$445$285$180$36
36 years$970$644$416$263$163$31
37 years$934$612$389$242$148$26
38 years$899$582$365$223$134$22
39 years$866$553$342$206$121$19
40 years$835$526$320$190$110$16
41 years$806$501$300$175$100$14
42 years$778$477$282$162$91$12
43 years$751$455$264$149$82$10
44 years$726$433$248$138$75$9
45 years$702$413$233$127$68$8
46 years$679$394$219$117$62$7
47 years$657$376$206$109$56$6
48 years$636$359$193$100$51$5
49 years$616$343$182$93$46$4
50 years$597$328$171$86$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $611,000, adding $6,206 every year, while hoping to spend $46,649 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: 77/17/6 Blend
54$611,000$611,000$611,000$611,000
55$679,723$647,340$637,870$731,198
56$699,421$629,426$609,604$747,945
57$719,564$609,070$578,829$759,638
58$740,150$586,104$545,409$771,081
59$761,171$560,349$509,206$782,229
60$782,621$531,617$470,075$793,032
61$804,488$499,706$427,863$803,436
62$826,760$464,406$382,410$813,384
63$849,421$425,493$333,552$822,811
64$872,451$382,731$281,115$831,647
65$895,825$335,870$224,917$839,818
66$919,518$284,646$164,770$847,241
67$943,495$228,779$100,476$853,827
68$967,718$167,976$31,829$859,477
69$992,144$101,926$0$864,086
70$1,016,721$30,299$0$870,190
71$1,041,391$0$0$877,359
72$1,066,089$0$0$892,271
73$1,090,737$0$0$912,797
74$1,115,251$0$0$933,197
75$1,139,533$0$0$953,387
76$1,163,473$0$0$973,274
77$1,186,947$0$0$992,753
78$1,209,818$0$0$1,011,706
79$1,231,927$0$0$1,029,998
80$1,253,102$0$0$1,047,482
81$1,273,145$0$0$1,063,991
82$1,291,837$0$0$1,079,338
83$1,308,935$0$0$1,093,316
84$1,324,164$0$0$1,105,691
85$1,337,220$0$0$1,116,206
86$1,347,766$0$0$1,124,572
87$1,355,422$0$0$1,130,468
88$1,359,770$0$0$1,133,538
89$1,360,344$0$0$1,133,386
90$1,356,625$0$0$1,129,572
91$1,348,040$0$0$1,121,607
92$1,333,949$0$0$1,108,949
93$1,313,646$0$0$1,090,998
94$1,286,346$0$0$1,067,087
95$1,251,181$0$0$1,036,478
96$1,207,188$0$0$998,355
97$1,153,303$0$0$951,812
98$1,088,345$0$0$895,848
99$1,011,009$0$0$829,355
100$919,853$0$0$751,106