Can I retire at age 55 with 543,000?

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 $543,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$44,840$44,441$44,051$43,671$43,300$42,015
2 years$22,198$21,785$21,384$20,996$20,619$19,335
3 years$14,652$14,237$13,837$13,452$13,081$11,839
4 years$10,879$10,465$10,070$9,691$9,330$8,138
5 years$8,616$8,205$7,815$7,444$7,092$5,954
6 years$7,108$6,700$6,315$5,953$5,612$4,529
7 years$6,032$5,627$5,248$4,894$4,564$3,536
8 years$5,224$4,823$4,451$4,106$3,786$2,813
9 years$4,597$4,199$3,833$3,497$3,189$2,268
10 years$4,095$3,702$3,342$3,015$2,717$1,849
11 years$3,685$3,295$2,942$2,624$2,337$1,519
12 years$3,343$2,958$2,611$2,301$2,025$1,256
13 years$3,054$2,673$2,333$2,032$1,766$1,044
14 years$2,807$2,430$2,096$1,803$1,548$872
15 years$2,593$2,219$1,893$1,608$1,363$730
16 years$2,406$2,036$1,716$1,440$1,204$614
17 years$2,241$1,875$1,561$1,294$1,068$517
18 years$2,094$1,733$1,425$1,166$950$436
19 years$1,963$1,606$1,305$1,054$846$368
20 years$1,845$1,492$1,198$954$756$312
21 years$1,739$1,390$1,101$866$677$264
22 years$1,643$1,298$1,015$787$606$224
23 years$1,555$1,214$937$717$544$190
24 years$1,474$1,137$867$654$489$161
25 years$1,400$1,067$803$597$440$137
26 years$1,332$1,003$745$546$397$117
27 years$1,269$944$691$500$358$99
28 years$1,210$889$643$458$323$84
29 years$1,156$839$598$420$291$72
30 years$1,105$792$557$386$263$61
31 years$1,058$749$519$354$238$52
32 years$1,014$709$485$325$215$44
33 years$972$671$453$299$195$38
34 years$934$636$423$275$176$32
35 years$897$603$395$253$160$27
36 years$862$573$370$233$145$23
37 years$830$544$346$215$131$20
38 years$799$517$324$198$119$17
39 years$770$492$304$183$108$14
40 years$742$468$285$169$98$12
41 years$716$445$267$156$89$10
42 years$691$424$250$144$81$9
43 years$668$404$235$133$73$8
44 years$645$385$221$122$66$6
45 years$624$367$207$113$60$6
46 years$603$350$194$104$55$5
47 years$584$334$183$96$50$4
48 years$565$319$172$89$45$3
49 years$547$305$161$82$41$3
50 years$530$291$152$76$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $543,000, adding $5,603 every year, while hoping to spend $29,678 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: 43/49/8 Blend
54$543,000$543,000$543,000$543,000
55$604,165$575,386$566,970$628,514
56$634,213$572,003$554,386$642,608
57$666,331$567,460$540,386$654,405
58$700,699$561,667$524,892$666,504
59$737,514$554,533$507,819$678,945
60$776,993$545,957$489,083$691,773
61$819,372$535,835$468,594$705,037
62$864,913$524,055$446,256$718,797
63$913,900$510,501$421,972$733,120
64$966,649$495,046$395,639$748,081
65$1,023,502$477,559$367,148$763,768
66$1,084,841$457,900$336,389$780,278
67$1,151,079$435,922$303,242$797,724
68$1,222,674$411,467$267,586$816,231
69$1,300,129$384,371$229,293$835,942
70$1,383,996$354,459$188,228$857,018
71$1,474,882$321,546$144,251$879,639
72$1,573,454$285,436$97,218$904,011
73$1,680,447$245,922$46,975$930,361
74$1,796,667$202,788$0$958,948
75$1,923,004$155,801$0$990,628
76$2,060,435$104,720$0$1,029,472
77$2,210,033$49,285$0$1,071,845
78$2,372,983$0$0$1,118,166
79$2,550,586$0$0$1,174,715
80$2,744,274$0$0$1,265,429
81$2,955,625$0$0$1,364,478
82$3,186,374$0$0$1,472,684
83$3,438,431$0$0$1,590,952
84$3,713,900$0$0$1,720,276
85$4,015,097$0$0$1,861,754
86$4,344,570$0$0$2,016,592
87$4,705,128$0$0$2,186,119
88$5,099,861$0$0$2,371,798
89$5,532,173$0$0$2,575,242
90$6,005,814$0$0$2,798,225
91$6,524,910$0$0$3,042,701
92$7,094,009$0$0$3,310,825
93$7,718,118$0$0$3,604,967
94$8,402,753$0$0$3,927,739
95$9,153,988$0$0$4,282,019
96$9,978,515$0$0$4,670,975
97$10,883,704$0$0$5,098,099
98$11,877,676$0$0$5,567,236
99$12,969,373$0$0$6,082,622
100$14,168,649$0$0$6,648,925