Can I retire at age 55 with 613,000?

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 $613,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$50,621$50,170$49,730$49,301$48,881$47,934
2 years$25,060$24,593$24,141$23,702$23,277$22,326
3 years$16,541$16,072$15,621$15,186$14,768$13,843
4 years$12,282$11,815$11,368$10,941$10,533$9,641
5 years$9,727$9,263$8,822$8,404$8,007$7,152
6 years$8,025$7,564$7,129$6,720$6,335$5,517
7 years$6,809$6,352$5,925$5,525$5,152$4,372
8 years$5,898$5,445$5,025$4,635$4,274$3,531
9 years$5,189$4,741$4,328$3,948$3,600$2,892
10 years$4,623$4,179$3,773$3,403$3,067$2,396
11 years$4,160$3,720$3,322$2,962$2,638$2,001
12 years$3,774$3,339$2,948$2,598$2,286$1,684
13 years$3,448$3,017$2,634$2,294$1,993$1,424
14 years$3,169$2,743$2,366$2,036$1,747$1,210
15 years$2,927$2,506$2,137$1,816$1,538$1,033
16 years$2,716$2,299$1,937$1,626$1,360$884
17 years$2,530$2,117$1,763$1,461$1,206$758
18 years$2,364$1,956$1,609$1,316$1,072$652
19 years$2,216$1,813$1,473$1,190$955$562
20 years$2,083$1,685$1,352$1,077$853$485
21 years$1,963$1,569$1,243$978$764$419
22 years$1,854$1,465$1,146$889$685$363
23 years$1,755$1,370$1,058$810$615$314
24 years$1,664$1,284$979$738$552$272
25 years$1,580$1,205$906$674$497$236
26 years$1,503$1,132$841$617$448$205
27 years$1,432$1,066$781$564$404$178
28 years$1,366$1,004$726$517$364$155
29 years$1,305$947$675$474$329$135
30 years$1,248$895$629$435$297$117
31 years$1,194$846$586$400$269$102
32 years$1,145$800$547$367$243$89
33 years$1,098$758$511$338$220$77
34 years$1,054$718$477$311$199$67
35 years$1,013$681$446$286$180$58
36 years$974$647$417$263$163$51
37 years$937$614$391$243$148$44
38 years$902$584$366$224$134$39
39 years$869$555$343$206$122$34
40 years$838$528$321$190$110$29
41 years$809$503$301$176$100$26
42 years$780$479$283$162$91$22
43 years$754$456$265$150$83$19
44 years$728$435$249$138$75$17
45 years$704$415$234$128$68$15
46 years$681$395$220$118$62$13
47 years$659$377$206$109$56$11
48 years$638$360$194$101$51$10
49 years$618$344$182$93$46$9
50 years$599$329$171$86$42$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $613,000, adding $3,390 every year, while hoping to spend $48,428 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: 63/20/17 Blend
54$613,000$613,000$613,000$613,000
55$679,023$646,534$637,032$718,706
56$696,756$626,687$606,846$725,938
57$714,675$604,244$574,025$728,033
58$732,748$579,028$538,431$729,170
59$750,937$550,849$499,917$729,256
60$769,199$519,508$458,331$728,196
61$787,488$484,794$413,515$725,882
62$805,746$446,483$365,302$722,201
63$823,911$404,340$313,519$717,029
64$841,913$358,116$257,985$710,233
65$859,671$307,546$198,510$701,668
66$877,094$252,353$134,897$691,179
67$894,081$192,242$66,940$678,598
68$910,518$126,902$0$663,743
69$926,277$56,006$0$647,429
70$941,213$0$0$641,453
71$955,168$0$0$638,049
72$967,962$0$0$646,141
73$979,394$0$0$653,263
74$989,243$0$0$659,260
75$997,260$0$0$663,959
76$1,003,168$0$0$667,166
77$1,006,662$0$0$668,669
78$1,007,398$0$0$668,228
79$1,004,998$0$0$665,580
80$999,041$0$0$660,432
81$989,060$0$0$652,457
82$974,536$0$0$641,297
83$954,896$0$0$626,550
84$929,502$0$0$607,774
85$897,651$0$0$584,478
86$858,560$0$0$556,119
87$811,367$0$0$522,096
88$755,115$0$0$481,745
89$688,746$0$0$434,329
90$611,092$0$0$379,035
91$520,857$0$0$314,964
92$416,612$0$0$241,122
93$296,777$0$0$156,410
94$159,606$0$0$59,614
95$3,169$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