Can I retire at age 55 with 532,000?

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 $532,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$43,932$43,541$43,159$42,786$42,422$41,532
2 years$21,749$21,343$20,951$20,570$20,201$19,308
3 years$14,355$13,948$13,557$13,180$12,816$11,949
4 years$10,659$10,253$9,866$9,495$9,141$8,305
5 years$8,442$8,039$7,656$7,293$6,949$6,148
6 years$6,964$6,564$6,187$5,832$5,498$4,733
7 years$5,909$5,513$5,142$4,795$4,472$3,741
8 years$5,119$4,725$4,361$4,023$3,710$3,015
9 years$4,504$4,114$3,756$3,426$3,124$2,464
10 years$4,012$3,627$3,274$2,954$2,662$2,036
11 years$3,610$3,229$2,883$2,570$2,289$1,696
12 years$3,276$2,898$2,558$2,255$1,984$1,423
13 years$2,993$2,619$2,286$1,990$1,730$1,201
14 years$2,750$2,380$2,054$1,767$1,516$1,018
15 years$2,540$2,174$1,854$1,576$1,335$866
16 years$2,357$1,995$1,681$1,411$1,180$739
17 years$2,195$1,837$1,530$1,268$1,046$632
18 years$2,052$1,698$1,396$1,142$930$542
19 years$1,923$1,574$1,278$1,032$829$466
20 years$1,808$1,462$1,173$935$741$401
21 years$1,704$1,362$1,079$849$663$345
22 years$1,609$1,271$995$772$594$298
23 years$1,523$1,189$918$703$533$257
24 years$1,444$1,114$849$641$479$222
25 years$1,372$1,045$787$585$431$192
26 years$1,305$983$730$535$389$166
27 years$1,243$925$677$490$350$144
28 years$1,186$871$630$449$316$125
29 years$1,132$822$586$412$285$108
30 years$1,083$776$546$378$258$94
31 years$1,037$734$509$347$233$81
32 years$993$694$475$319$211$70
33 years$953$658$443$293$191$61
34 years$915$623$414$270$173$53
35 years$879$591$387$248$157$46
36 years$845$561$362$229$142$40
37 years$813$533$339$211$129$35
38 years$783$506$318$194$117$30
39 years$754$482$298$179$106$26
40 years$727$458$279$165$96$23
41 years$702$436$261$152$87$20
42 years$677$415$245$141$79$17
43 years$654$396$230$130$72$15
44 years$632$377$216$120$65$13
45 years$611$360$203$111$59$11
46 years$591$343$191$102$54$10
47 years$572$328$179$94$49$8
48 years$554$313$168$87$44$7
49 years$536$299$158$81$40$6
50 years$519$285$149$75$36$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $532,000, adding $6,744 every year, while hoping to spend $23,889 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: 55/40/5 Blend
54$532,000$532,000$532,000$532,000
55$593,220$565,024$556,778$624,868
56$628,311$567,293$550,013$649,244
57$666,181$568,872$542,220$672,519
58$707,087$569,702$533,340$697,265
59$751,313$569,722$523,311$723,627
60$799,173$568,863$512,067$751,761
61$851,007$567,056$499,540$781,842
62$907,193$564,226$485,658$814,064
63$968,146$560,292$470,347$848,641
64$1,034,322$555,171$453,528$885,809
65$1,106,221$548,773$435,120$925,830
66$1,184,396$541,003$415,036$968,996
67$1,269,452$531,760$393,188$1,015,626
68$1,362,058$520,938$369,482$1,066,076
69$1,462,949$508,425$343,820$1,120,738
70$1,572,932$494,099$316,100$1,180,048
71$1,692,897$477,836$286,216$1,244,487
72$1,823,823$459,502$254,055$1,314,585
73$1,966,790$438,953$219,502$1,390,931
74$2,122,982$416,042$182,435$1,474,175
75$2,293,706$390,608$142,727$1,565,035
76$2,480,401$362,485$100,245$1,664,307
77$2,684,650$331,495$54,852$1,772,868
78$2,908,197$297,451$6,402$1,891,690
79$3,152,962$260,154$0$2,021,846
80$3,421,058$219,396$0$2,166,937
81$3,714,816$174,956$0$2,326,380
82$4,036,797$126,599$0$2,501,287
83$4,389,828$74,080$0$2,693,268
84$4,777,018$17,137$0$2,904,098
85$5,201,793$0$0$3,135,739
86$5,667,928$0$0$3,409,945
87$6,179,578$0$0$3,719,256
88$6,741,322$0$0$4,058,904
89$7,358,204$0$0$4,431,946
90$8,035,780$0$0$4,841,747
91$8,780,170$0$0$5,292,016
92$9,598,118$0$0$5,786,841
93$10,497,050$0$0$6,330,721
94$11,485,152$0$0$6,928,615
95$12,571,438$0$0$7,585,989
96$13,765,842$0$0$8,308,859
97$15,079,306$0$0$9,103,860
98$16,523,888$0$0$9,978,296
99$18,112,872$0$0$10,940,219
100$19,860,894$0$0$11,998,499