Can I retire at age 55 with 544,000?

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 $544,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$44,923$44,523$44,132$43,751$43,379$41,840
2 years$22,239$21,825$21,424$21,034$20,657$19,123
3 years$14,679$14,263$13,862$13,477$13,106$11,624
4 years$10,899$10,485$10,088$9,709$9,347$7,930
5 years$8,632$8,220$7,829$7,458$7,105$5,757
6 years$7,121$6,712$6,327$5,964$5,622$4,343
7 years$6,043$5,637$5,258$4,903$4,572$3,362
8 years$5,234$4,832$4,459$4,113$3,793$2,651
9 years$4,605$4,207$3,841$3,504$3,194$2,118
10 years$4,103$3,708$3,348$3,020$2,722$1,710
11 years$3,692$3,301$2,948$2,628$2,341$1,392
12 years$3,349$2,963$2,616$2,305$2,029$1,139
13 years$3,060$2,678$2,337$2,035$1,769$938
14 years$2,812$2,434$2,100$1,807$1,551$775
15 years$2,598$2,224$1,896$1,611$1,365$642
16 years$2,410$2,040$1,719$1,443$1,207$534
17 years$2,245$1,879$1,564$1,296$1,070$444
18 years$2,098$1,736$1,428$1,168$951$371
19 years$1,967$1,609$1,307$1,056$848$310
20 years$1,849$1,495$1,200$956$757$259
21 years$1,742$1,393$1,104$868$678$217
22 years$1,646$1,300$1,017$789$608$182
23 years$1,557$1,216$939$718$545$153
24 years$1,477$1,139$868$655$490$128
25 years$1,403$1,069$804$598$441$107
26 years$1,334$1,005$746$547$397$90
27 years$1,271$946$693$501$358$76
28 years$1,212$891$644$459$323$64
29 years$1,158$841$599$421$292$54
30 years$1,107$794$558$386$264$45
31 years$1,060$750$520$355$238$38
32 years$1,016$710$486$326$216$32
33 years$974$672$453$300$195$27
34 years$935$637$424$276$177$23
35 years$899$605$396$254$160$19
36 years$864$574$370$234$145$16
37 years$831$545$347$215$131$13
38 years$801$518$325$199$119$11
39 years$771$492$304$183$108$10
40 years$744$469$285$169$98$8
41 years$718$446$267$156$89$7
42 years$693$425$251$144$81$6
43 years$669$405$235$133$73$5
44 years$646$386$221$123$66$4
45 years$625$368$207$113$60$3
46 years$604$351$195$105$55$3
47 years$585$335$183$97$50$2
48 years$566$320$172$89$45$2
49 years$548$305$162$82$41$2
50 years$531$292$152$76$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $544,000, adding $4,603 every year, while hoping to spend $34,145 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: 66/18/16 Blend
54$544,000$544,000$544,000$544,000
55$604,236$575,404$566,972$641,488
56$629,538$567,269$549,636$658,836
57$656,277$557,591$530,574$673,397
58$684,562$546,258$509,693$688,473
59$714,515$533,152$486,896$704,113
60$746,267$518,148$462,078$720,373
61$779,962$501,113$435,134$737,313
62$815,758$481,907$405,950$755,005
63$853,826$460,382$374,411$773,525
64$894,356$436,380$340,393$792,962
65$937,553$409,735$303,769$813,412
66$983,643$380,272$264,405$834,985
67$1,032,874$347,804$222,162$857,803
68$1,085,516$312,136$176,894$882,002
69$1,141,868$273,060$128,449$907,734
70$1,202,255$230,357$76,668$935,169
71$1,267,035$183,794$21,387$964,495
72$1,336,600$133,128$0$995,924
73$1,411,382$78,099$0$1,036,111
74$1,491,852$18,435$0$1,083,210
75$1,578,530$0$0$1,133,890
76$1,671,986$0$0$1,197,648
77$1,772,846$0$0$1,270,426
78$1,881,800$0$0$1,349,071
79$1,999,603$0$0$1,434,134
80$2,127,086$0$0$1,526,219
81$2,265,163$0$0$1,625,988
82$2,414,840$0$0$1,734,173
83$2,577,220$0$0$1,851,577
84$2,753,519$0$0$1,979,082
85$2,945,073$0$0$2,117,659
86$3,153,353$0$0$2,268,378
87$3,379,976$0$0$2,432,414
88$3,626,721$0$0$2,611,061
89$3,895,547$0$0$2,805,741
90$4,188,608$0$0$3,018,022
91$4,508,277$0$0$3,249,628
92$4,857,164$0$0$3,502,456
93$5,238,141$0$0$3,778,596
94$5,654,373$0$0$4,080,347
95$6,109,342$0$0$4,410,241
96$6,606,882$0$0$4,771,065
97$7,151,214$0$0$5,165,890
98$7,746,987$0$0$5,598,094
99$8,399,318$0$0$6,071,400
100$9,113,845$0$0$6,589,905