Can I retire at age 55 with 617,000?

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 $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$50,951$50,497$50,055$49,622$49,200$48,266
2 years$25,223$24,754$24,298$23,857$23,429$22,491
3 years$16,649$16,177$15,723$15,285$14,864$13,953
4 years$12,362$11,892$11,442$11,012$10,601$9,723
5 years$9,791$9,323$8,880$8,458$8,059$7,216
6 years$8,077$7,613$7,176$6,764$6,377$5,570
7 years$6,854$6,393$5,963$5,561$5,186$4,416
8 years$5,936$5,480$5,057$4,665$4,302$3,568
9 years$5,223$4,772$4,356$3,974$3,623$2,925
10 years$4,653$4,206$3,798$3,425$3,087$2,424
11 years$4,187$3,744$3,343$2,981$2,655$2,026
12 years$3,799$3,361$2,967$2,615$2,301$1,706
13 years$3,471$3,037$2,651$2,309$2,006$1,444
14 years$3,190$2,761$2,382$2,049$1,759$1,228
15 years$2,946$2,522$2,150$1,828$1,549$1,048
16 years$2,734$2,314$1,950$1,636$1,369$898
17 years$2,546$2,131$1,774$1,470$1,213$771
18 years$2,380$1,969$1,620$1,325$1,079$663
19 years$2,231$1,825$1,483$1,197$962$572
20 years$2,097$1,696$1,361$1,084$859$494
21 years$1,976$1,580$1,252$984$769$427
22 years$1,866$1,474$1,154$895$689$370
23 years$1,766$1,379$1,065$815$619$321
24 years$1,675$1,292$985$743$556$278
25 years$1,591$1,213$912$679$500$242
26 years$1,513$1,140$846$621$451$210
27 years$1,442$1,072$786$568$406$182
28 years$1,375$1,011$730$520$367$159
29 years$1,313$953$680$477$331$138
30 years$1,256$900$633$438$299$120
31 years$1,202$851$590$402$270$105
32 years$1,152$805$551$370$245$91
33 years$1,105$763$514$340$221$79
34 years$1,061$723$480$313$200$69
35 years$1,019$686$449$288$182$60
36 years$980$651$420$265$164$53
37 years$943$618$393$244$149$46
38 years$908$587$368$225$135$40
39 years$875$559$345$208$123$35
40 years$844$531$323$192$111$30
41 years$814$506$303$177$101$26
42 years$786$482$284$163$92$23
43 years$759$459$267$151$83$20
44 years$733$438$251$139$75$18
45 years$709$417$235$128$68$15
46 years$685$398$221$119$62$13
47 years$663$380$208$110$56$12
48 years$642$363$195$101$51$10
49 years$622$346$183$94$47$9
50 years$602$331$172$86$42$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $617,000, adding $5,835 every year, while hoping to spend $45,281 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: 47/44/9 Blend
54$617,000$617,000$617,000$617,000
55$685,953$653,252$643,688$716,234
56$707,741$637,083$617,073$721,510
57$730,235$618,603$588,049$722,041
58$753,457$597,653$556,487$721,577
59$777,433$574,062$522,253$720,039
60$802,189$547,649$485,206$717,345
61$827,752$518,223$445,200$713,407
62$854,151$485,584$402,082$708,133
63$881,414$449,517$355,692$701,424
64$909,572$409,798$305,862$693,177
65$938,658$366,187$252,417$683,283
66$968,704$318,433$195,176$671,625
67$999,745$266,269$133,947$658,080
68$1,031,817$209,415$68,533$642,521
69$1,064,960$147,573$0$624,809
70$1,099,211$80,430$0$604,924
71$1,134,613$7,654$0$589,622
72$1,171,210$0$0$572,175
73$1,209,047$0$0$586,865
74$1,248,172$0$0$605,890
75$1,288,635$0$0$625,569
76$1,330,490$0$0$645,928
77$1,373,793$0$0$666,996
78$1,418,601$0$0$688,801
79$1,464,977$0$0$711,374
80$1,512,987$0$0$734,747
81$1,562,698$0$0$758,954
82$1,614,185$0$0$784,033
83$1,667,525$0$0$810,021
84$1,722,799$0$0$836,959
85$1,780,094$0$0$864,892
86$1,839,503$0$0$893,863
87$1,901,124$0$0$923,924
88$1,965,060$0$0$955,126
89$2,031,424$0$0$987,525
90$2,100,334$0$0$1,021,180
91$2,171,916$0$0$1,056,155
92$2,246,306$0$0$1,092,519
93$2,323,649$0$0$1,130,343
94$2,404,099$0$0$1,169,707
95$2,487,824$0$0$1,210,694
96$2,575,002$0$0$1,253,395
97$2,665,824$0$0$1,297,906
98$2,760,498$0$0$1,344,332
99$2,859,246$0$0$1,392,786
100$2,962,306$0$0$1,443,389