Can I retire at age 55 with 533,000?

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 $533,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$44,015$43,623$43,240$42,867$42,502$41,060
2 years$21,789$21,384$20,990$20,609$20,239$18,800
3 years$14,382$13,974$13,582$13,204$12,841$11,450
4 years$10,679$10,273$9,884$9,513$9,158$7,827
5 years$8,458$8,054$7,671$7,307$6,962$5,694
6 years$6,977$6,577$6,199$5,843$5,509$4,305
7 years$5,920$5,523$5,151$4,804$4,480$3,340
8 years$5,128$4,734$4,369$4,030$3,717$2,640
9 years$4,512$4,122$3,763$3,433$3,130$2,115
10 years$4,020$3,633$3,281$2,959$2,667$1,712
11 years$3,617$3,235$2,888$2,575$2,294$1,396
12 years$3,282$2,903$2,563$2,259$1,988$1,146
13 years$2,998$2,624$2,290$1,994$1,733$946
14 years$2,755$2,385$2,058$1,770$1,519$784
15 years$2,545$2,179$1,858$1,579$1,338$651
16 years$2,361$1,999$1,684$1,414$1,182$543
17 years$2,199$1,841$1,533$1,270$1,048$453
18 years$2,056$1,701$1,399$1,145$932$379
19 years$1,927$1,576$1,281$1,034$831$318
20 years$1,811$1,465$1,175$937$742$267
21 years$1,707$1,365$1,081$850$664$224
22 years$1,612$1,274$996$773$595$188
23 years$1,526$1,191$920$704$534$159
24 years$1,447$1,116$851$642$480$133
25 years$1,374$1,047$788$586$432$112
26 years$1,307$984$731$536$389$95
27 years$1,245$926$679$491$351$80
28 years$1,188$873$631$450$317$67
29 years$1,135$824$587$412$286$57
30 years$1,085$778$547$378$258$48
31 years$1,039$735$510$348$234$40
32 years$995$696$476$319$211$34
33 years$955$659$444$294$191$29
34 years$916$624$415$270$173$24
35 years$880$592$388$249$157$21
36 years$847$562$363$229$142$17
37 years$815$534$340$211$129$15
38 years$784$507$318$195$117$12
39 years$756$483$298$179$106$10
40 years$729$459$279$165$96$9
41 years$703$437$262$153$87$7
42 years$679$416$246$141$79$6
43 years$655$397$231$130$72$5
44 years$633$378$216$120$65$4
45 years$612$360$203$111$59$4
46 years$592$344$191$102$54$3
47 years$573$328$179$95$49$3
48 years$555$313$169$87$44$2
49 years$537$299$158$81$40$2
50 years$520$286$149$75$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $533,000, adding $6,590 every year, while hoping to spend $34,382 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: 76/5/19 Blend
54$533,000$533,000$533,000$533,000
55$594,164$565,915$557,653$636,223
56$618,186$557,062$539,752$656,108
57$643,507$546,624$520,099$673,007
58$670,221$534,485$498,600$690,625
59$698,434$520,526$475,153$709,024
60$728,261$504,618$449,657$728,273
61$759,825$486,625$422,002$748,447
62$793,263$466,406$392,075$769,631
63$828,724$443,808$359,758$791,918
64$866,370$418,670$324,926$815,413
65$906,378$390,824$287,450$840,229
66$948,945$360,091$247,195$866,494
67$994,282$326,280$204,021$894,349
68$1,042,622$289,191$157,779$923,950
69$1,094,222$248,613$108,317$955,469
70$1,149,360$204,323$55,473$989,097
71$1,208,343$156,083$0$1,025,046
72$1,271,507$103,644$0$1,063,737
73$1,339,222$46,744$0$1,117,257
74$1,411,891$0$0$1,174,671
75$1,489,958$0$0$1,237,155
76$1,573,911$0$0$1,307,129
77$1,664,284$0$0$1,382,471
78$1,761,666$0$0$1,463,671
79$1,866,700$0$0$1,551,269
80$1,980,096$0$0$1,645,858
81$2,102,633$0$0$1,748,091
82$2,235,167$0$0$1,858,684
83$2,378,638$0$0$1,978,424
84$2,534,080$0$0$2,108,178
85$2,702,632$0$0$2,248,898
86$2,885,544$0$0$2,401,629
87$3,084,190$0$0$2,567,525
88$3,300,085$0$0$2,747,852
89$3,534,892$0$0$2,944,002
90$3,790,443$0$0$3,157,510
91$4,068,752$0$0$3,390,062
92$4,372,037$0$0$3,643,515
93$4,702,737$0$0$3,919,911
94$5,063,539$0$0$4,221,500
95$5,457,397$0$0$4,550,756
96$5,887,567$0$0$4,910,404
97$6,357,630$0$0$5,303,443
98$6,871,529$0$0$5,733,176
99$7,433,607$0$0$6,203,239
100$8,048,643$0$0$6,717,634