Can I retire at age 55 with 547,000?

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 $547,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$45,171$44,768$44,376$43,993$43,619$42,426
2 years$22,362$21,945$21,542$21,150$20,771$19,578
3 years$14,760$14,341$13,939$13,551$13,178$12,023
4 years$10,959$10,543$10,144$9,763$9,399$8,289
5 years$8,680$8,265$7,872$7,499$7,145$6,084
6 years$7,161$6,749$6,362$5,997$5,653$4,643
7 years$6,076$5,668$5,287$4,930$4,598$3,638
8 years$5,263$4,859$4,484$4,136$3,814$2,904
9 years$4,631$4,230$3,862$3,523$3,212$2,350
10 years$4,125$3,729$3,367$3,037$2,737$1,923
11 years$3,712$3,320$2,964$2,643$2,354$1,586
12 years$3,368$2,979$2,630$2,318$2,040$1,317
13 years$3,077$2,693$2,350$2,047$1,779$1,099
14 years$2,828$2,447$2,112$1,817$1,559$921
15 years$2,612$2,236$1,907$1,620$1,373$775
16 years$2,423$2,051$1,729$1,451$1,213$654
17 years$2,257$1,889$1,573$1,303$1,076$553
18 years$2,110$1,746$1,436$1,175$957$469
19 years$1,978$1,618$1,314$1,061$853$398
20 years$1,859$1,503$1,206$961$762$338
21 years$1,752$1,400$1,110$872$682$288
22 years$1,655$1,307$1,023$793$611$245
23 years$1,566$1,223$944$722$548$209
24 years$1,485$1,145$873$659$493$178
25 years$1,410$1,075$809$602$444$152
26 years$1,342$1,010$750$550$400$130
27 years$1,278$951$697$504$360$111
28 years$1,219$896$648$461$325$95
29 years$1,164$845$603$423$293$81
30 years$1,113$798$561$388$265$70
31 years$1,066$755$523$357$240$60
32 years$1,021$714$488$328$217$51
33 years$980$676$456$301$196$44
34 years$940$641$426$277$178$37
35 years$904$608$398$255$161$32
36 years$869$577$373$235$146$27
37 years$836$548$349$217$132$23
38 years$805$521$327$200$120$20
39 years$776$495$306$184$109$17
40 years$748$471$287$170$99$15
41 years$721$448$269$157$89$13
42 years$696$427$252$145$81$11
43 years$673$407$237$133$74$9
44 years$650$388$222$123$67$8
45 years$628$370$209$114$61$7
46 years$608$353$196$105$55$6
47 years$588$337$184$97$50$5
48 years$569$321$173$90$45$4
49 years$551$307$163$83$41$4
50 years$534$293$153$77$37$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $547,000, adding $6,539 every year, while hoping to spend $20,796 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: 62/15/23 Blend
54$547,000$547,000$547,000$547,000
55$609,539$580,548$572,069$643,266
56$649,585$586,868$569,107$673,178
57$693,019$592,801$565,348$702,949
58$740,164$598,305$560,745$734,988
59$791,377$603,338$555,245$769,521
60$847,048$607,852$548,797$806,796
61$907,608$611,799$541,343$847,084
62$973,532$615,125$532,826$890,688
63$1,045,341$617,774$523,184$937,941
64$1,123,608$619,687$512,353$989,211
65$1,208,965$620,801$500,266$1,044,902
66$1,302,107$621,047$486,852$1,105,463
67$1,403,799$620,356$472,039$1,171,387
68$1,514,883$618,650$455,749$1,243,220
69$1,636,286$615,849$437,902$1,321,564
70$1,769,030$611,868$418,414$1,407,083
71$1,914,237$606,616$397,197$1,500,509
72$2,073,146$599,997$374,160$1,602,651
73$2,247,119$591,909$349,206$1,714,402
74$2,437,656$582,243$322,235$1,836,745
75$2,646,410$570,886$293,143$1,970,766
76$2,875,200$557,716$261,819$2,117,665
77$3,126,030$542,604$228,151$2,278,763
78$3,401,109$525,415$192,017$2,455,519
79$3,702,867$506,005$153,294$2,649,541
80$4,033,981$484,221$111,852$2,862,604
81$4,397,402$459,903$67,554$3,096,666
82$4,796,379$432,880$20,258$3,353,887
83$5,234,490$402,971$0$3,636,648
84$5,715,678$369,987$0$3,954,991
85$6,244,286$333,725$0$4,310,187
86$6,825,099$293,974$0$4,700,494
87$7,463,388$250,507$0$5,129,477
88$8,164,959$203,087$0$5,601,066
89$8,936,210$151,464$0$6,119,593
90$9,784,189$95,371$0$6,689,831
91$10,716,661$34,529$0$7,317,041
92$11,742,181$0$0$8,007,021
93$12,870,176$0$0$8,771,339
94$14,111,031$0$0$9,618,445
95$15,476,188$0$0$10,550,457
96$16,978,254$0$0$11,575,989
97$18,631,122$0$0$12,704,531
98$20,450,096$0$0$13,946,539
99$22,452,041$0$0$15,313,536
100$24,655,540$0$0$16,818,217