Can I retire at age 55 with 537,000?

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 $537,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$44,345$43,950$43,565$43,188$42,821$42,216
2 years$21,953$21,544$21,148$20,764$20,391$19,783
3 years$14,490$14,079$13,684$13,303$12,937$12,344
4 years$10,759$10,350$9,958$9,584$9,227$8,654
5 years$8,521$8,114$7,728$7,362$7,014$6,463
6 years$7,030$6,626$6,246$5,887$5,550$5,021
7 years$5,965$5,564$5,190$4,840$4,514$4,008
8 years$5,167$4,770$4,402$4,060$3,744$3,261
9 years$4,546$4,153$3,791$3,459$3,153$2,692
10 years$4,050$3,661$3,305$2,981$2,687$2,248
11 years$3,644$3,259$2,910$2,595$2,311$1,893
12 years$3,306$2,925$2,582$2,276$2,002$1,606
13 years$3,021$2,643$2,307$2,009$1,746$1,370
14 years$2,776$2,403$2,073$1,784$1,531$1,175
15 years$2,564$2,195$1,872$1,591$1,348$1,011
16 years$2,379$2,014$1,697$1,424$1,191$873
17 years$2,216$1,855$1,544$1,280$1,056$756
18 years$2,071$1,714$1,410$1,153$939$656
19 years$1,942$1,588$1,290$1,042$837$571
20 years$1,825$1,476$1,184$944$748$498
21 years$1,720$1,375$1,089$857$669$434
22 years$1,624$1,283$1,004$779$600$380
23 years$1,537$1,200$927$709$538$332
24 years$1,458$1,125$857$647$484$291
25 years$1,384$1,055$794$591$435$255
26 years$1,317$992$736$540$392$224
27 years$1,255$933$684$494$354$196
28 years$1,197$880$636$453$319$172
29 years$1,143$830$592$415$288$151
30 years$1,093$784$551$381$260$133
31 years$1,046$741$514$350$235$117
32 years$1,003$701$479$322$213$103
33 years$962$664$448$296$193$91
34 years$923$629$418$272$174$80
35 years$887$597$391$251$158$70
36 years$853$566$366$231$143$62
37 years$821$538$342$213$130$54
38 years$790$511$321$196$118$48
39 years$761$486$300$181$107$42
40 years$734$463$281$167$97$37
41 years$708$440$264$154$88$33
42 years$684$419$248$142$80$29
43 years$660$400$232$131$72$25
44 years$638$381$218$121$66$22
45 years$617$363$205$112$60$20
46 years$597$346$192$103$54$17
47 years$577$331$181$95$49$15
48 years$559$316$170$88$45$14
49 years$541$301$160$81$41$12
50 years$524$288$150$75$37$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $537,000, adding $5,521 every year, while hoping to spend $20,162 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: 63/24/13 Blend
54$537,000$537,000$537,000$537,000
55$597,469$569,008$560,684$632,925
56$636,959$575,437$558,015$663,783
57$679,800$581,506$554,581$694,647
58$726,315$587,174$550,334$727,853
59$776,855$592,402$545,226$763,629
60$831,809$597,144$539,206$802,225
61$891,603$601,353$532,219$843,920
62$956,706$604,980$524,208$889,020
63$1,027,637$607,970$515,116$937,860
64$1,104,963$610,268$504,879$990,815
65$1,189,309$611,812$493,433$1,048,294
66$1,281,366$612,538$480,710$1,110,751
67$1,381,892$612,378$466,640$1,178,685
68$1,491,720$611,260$451,148$1,252,648
69$1,611,771$609,107$434,156$1,333,248
70$1,743,055$605,837$415,584$1,421,156
71$1,886,687$601,363$395,347$1,517,113
72$2,043,894$595,595$373,356$1,621,935
73$2,216,026$588,434$349,518$1,736,523
74$2,404,570$579,777$323,736$1,861,870
75$2,611,165$569,514$295,910$1,999,074
76$2,837,614$557,531$265,934$2,149,342
77$3,085,905$543,704$233,697$2,314,009
78$3,358,226$527,904$199,084$2,494,546
79$3,656,986$509,992$161,974$2,692,575
80$3,984,841$489,824$122,243$2,909,887
81$4,344,714$467,245$79,757$3,148,454
82$4,739,827$442,093$34,382$3,410,455
83$5,173,728$414,194$0$3,698,289
84$5,650,326$383,367$0$4,016,552
85$6,173,927$349,419$0$4,371,434
86$6,749,274$312,147$0$4,761,401
87$7,381,592$271,335$0$5,190,027
88$8,076,640$226,756$0$5,661,252
89$8,840,760$178,170$0$6,179,420
90$9,680,939$125,322$0$6,749,316
91$10,604,877$67,945$0$7,376,219
92$11,621,056$5,756$0$8,065,947
93$12,738,822$0$0$8,824,912
94$13,968,470$0$0$9,676,437
95$15,321,347$0$0$10,615,014
96$16,809,952$0$0$11,647,800
97$18,448,059$0$0$12,784,357
98$20,250,842$0$0$14,035,221
99$22,235,023$0$0$15,411,999
100$24,419,027$0$0$16,927,481