Can I retire at age 55 with 618,000?

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 $618,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$51,034$50,579$50,136$49,703$49,280$47,972
2 years$25,264$24,794$24,338$23,896$23,467$22,158
3 years$16,676$16,203$15,748$15,310$14,888$13,620
4 years$12,382$11,911$11,461$11,030$10,618$9,400
5 years$9,807$9,338$8,894$8,472$8,072$6,907
6 years$8,090$7,625$7,188$6,775$6,387$5,277
7 years$6,865$6,404$5,973$5,570$5,194$4,139
8 years$5,946$5,489$5,066$4,673$4,309$3,307
9 years$5,232$4,779$4,363$3,980$3,629$2,680
10 years$4,661$4,213$3,804$3,431$3,092$2,195
11 years$4,194$3,750$3,349$2,986$2,659$1,813
12 years$3,805$3,366$2,972$2,619$2,305$1,508
13 years$3,476$3,042$2,655$2,312$2,010$1,260
14 years$3,195$2,765$2,386$2,053$1,762$1,058
15 years$2,951$2,526$2,154$1,831$1,551$891
16 years$2,738$2,318$1,953$1,639$1,371$753
17 years$2,550$2,134$1,777$1,473$1,215$638
18 years$2,383$1,972$1,622$1,327$1,081$541
19 years$2,234$1,828$1,485$1,199$963$460
20 years$2,100$1,699$1,363$1,086$860$392
21 years$1,979$1,582$1,254$986$770$334
22 years$1,869$1,477$1,155$896$690$285
23 years$1,769$1,381$1,067$816$620$243
24 years$1,678$1,294$987$744$557$208
25 years$1,593$1,215$914$680$501$178
26 years$1,516$1,141$848$622$451$152
27 years$1,444$1,074$787$569$407$130
28 years$1,377$1,012$732$521$367$112
29 years$1,316$955$681$478$332$96
30 years$1,258$902$634$439$300$82
31 years$1,204$853$591$403$271$70
32 years$1,154$807$552$370$245$60
33 years$1,107$764$515$341$222$52
34 years$1,062$724$481$313$201$44
35 years$1,021$687$450$288$182$38
36 years$982$652$421$266$165$33
37 years$944$619$394$245$149$28
38 years$909$588$369$226$135$24
39 years$876$559$346$208$123$21
40 years$845$532$324$192$111$18
41 years$815$507$304$177$101$15
42 years$787$483$285$163$92$13
43 years$760$460$267$151$83$11
44 years$734$438$251$139$76$10
45 years$710$418$236$129$69$8
46 years$687$399$221$119$62$7
47 years$664$380$208$110$57$6
48 years$643$363$195$101$51$5
49 years$623$347$184$94$47$4
50 years$603$331$173$87$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $618,000, adding $3,855 every year, while hoping to spend $40,928 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: 64/10/26 Blend
54$618,000$618,000$618,000$618,000
55$685,012$652,258$642,679$723,928
56$711,337$640,672$620,662$739,112
57$738,974$627,146$596,535$750,810
58$768,016$611,543$570,186$762,687
59$798,560$593,715$541,494$774,764
60$830,714$573,508$510,335$787,069
61$864,596$550,758$476,579$799,630
62$900,331$525,292$440,091$812,484
63$938,059$496,926$400,729$825,670
64$977,931$465,465$358,343$839,236
65$1,020,112$430,705$312,779$853,234
66$1,064,782$392,428$263,876$867,726
67$1,112,137$350,404$211,464$882,780
68$1,162,394$304,393$155,366$898,477
69$1,215,786$254,136$95,399$914,905
70$1,272,572$199,364$31,371$932,166
71$1,333,032$139,791$0$950,374
72$1,397,475$75,114$0$979,913
73$1,466,238$5,015$0$1,020,629
74$1,539,690$0$0$1,064,035
75$1,618,238$0$0$1,118,175
76$1,702,325$0$0$1,176,751
77$1,792,437$0$0$1,239,554
78$1,889,111$0$0$1,306,960
79$1,992,931$0$0$1,379,383
80$2,104,541$0$0$1,457,274
81$2,224,648$0$0$1,541,132
82$2,354,028$0$0$1,631,503
83$2,493,531$0$0$1,728,987
84$2,644,095$0$0$1,834,243
85$2,806,748$0$0$1,947,995
86$2,982,619$0$0$2,071,040
87$3,172,951$0$0$2,204,252
88$3,379,110$0$0$2,348,594
89$3,602,595$0$0$2,505,123
90$3,845,059$0$0$2,675,003
91$4,108,317$0$0$2,859,513
92$4,394,365$0$0$3,060,060
93$4,705,401$0$0$3,278,193
94$5,043,841$0$0$3,515,614
95$5,412,344$0$0$3,774,198
96$5,813,837$0$0$4,056,008
97$6,251,539$0$0$4,363,313
98$6,728,994$0$0$4,698,611
99$7,250,104$0$0$5,064,651
100$7,819,161$0$0$5,464,462