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%16.9%
1 years$45,171$44,768$44,376$43,993$43,619$42,392
2 years$22,362$21,945$21,542$21,150$20,771$19,545
3 years$14,760$14,341$13,939$13,551$13,178$11,990
4 years$10,959$10,543$10,144$9,763$9,399$8,259
5 years$8,680$8,265$7,872$7,499$7,145$6,056
6 years$7,161$6,749$6,362$5,997$5,653$4,616
7 years$6,076$5,668$5,287$4,930$4,598$3,612
8 years$5,263$4,859$4,484$4,136$3,814$2,880
9 years$4,631$4,230$3,862$3,523$3,212$2,328
10 years$4,125$3,729$3,367$3,037$2,737$1,902
11 years$3,712$3,320$2,964$2,643$2,354$1,567
12 years$3,368$2,979$2,630$2,318$2,040$1,300
13 years$3,077$2,693$2,350$2,047$1,779$1,083
14 years$2,828$2,447$2,112$1,817$1,559$907
15 years$2,612$2,236$1,907$1,620$1,373$762
16 years$2,423$2,051$1,729$1,451$1,213$642
17 years$2,257$1,889$1,573$1,303$1,076$542
18 years$2,110$1,746$1,436$1,175$957$459
19 years$1,978$1,618$1,314$1,061$853$389
20 years$1,859$1,503$1,206$961$762$330
21 years$1,752$1,400$1,110$872$682$280
22 years$1,655$1,307$1,023$793$611$238
23 years$1,566$1,223$944$722$548$203
24 years$1,485$1,145$873$659$493$173
25 years$1,410$1,075$809$602$444$147
26 years$1,342$1,010$750$550$400$126
27 years$1,278$951$697$504$360$107
28 years$1,219$896$648$461$325$92
29 years$1,164$845$603$423$293$78
30 years$1,113$798$561$388$265$67
31 years$1,066$755$523$357$240$57
32 years$1,021$714$488$328$217$49
33 years$980$676$456$301$196$42
34 years$940$641$426$277$178$36
35 years$904$608$398$255$161$30
36 years$869$577$373$235$146$26
37 years$836$548$349$217$132$22
38 years$805$521$327$200$120$19
39 years$776$495$306$184$109$16
40 years$748$471$287$170$99$14
41 years$721$448$269$157$89$12
42 years$696$427$252$145$81$10
43 years$673$407$237$133$74$9
44 years$650$388$222$123$67$7
45 years$628$370$209$114$61$6
46 years$608$353$196$105$55$5
47 years$588$337$184$97$50$5
48 years$569$321$173$90$45$4
49 years$551$307$163$83$41$3
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 $6,979 every year, while hoping to spend $40,746 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: 58/28/14 Blend
54$547,000$547,000$547,000$547,000
55$609,993$581,002$572,523$642,815
56$628,859$566,118$548,349$650,925
57$648,283$549,138$522,000$654,647
58$668,280$529,918$493,359$657,748
59$688,864$508,304$462,306$660,175
60$710,049$484,131$428,714$661,871
61$731,848$457,228$392,450$662,776
62$754,277$427,412$353,377$662,824
63$777,348$394,490$311,350$661,947
64$801,075$358,258$266,218$660,072
65$825,473$318,500$217,825$657,122
66$850,553$274,989$166,004$653,015
67$876,330$227,484$110,586$647,663
68$902,815$175,730$51,390$640,974
69$930,021$119,459$0$632,849
70$957,957$58,387$0$624,945
71$986,635$0$0$623,697
72$1,016,063$0$0$623,732
73$1,046,250$0$0$642,217
74$1,077,203$0$0$661,166
75$1,108,926$0$0$680,581
76$1,141,423$0$0$700,463
77$1,174,695$0$0$720,813
78$1,208,741$0$0$741,629
79$1,243,559$0$0$762,908
80$1,279,141$0$0$784,645
81$1,315,478$0$0$806,833
82$1,352,556$0$0$829,461
83$1,390,357$0$0$852,519
84$1,428,858$0$0$875,989
85$1,468,033$0$0$899,853
86$1,507,846$0$0$924,089
87$1,548,258$0$0$948,669
88$1,589,220$0$0$973,562
89$1,630,675$0$0$998,729
90$1,672,559$0$0$1,024,128
91$1,714,795$0$0$1,049,709
92$1,757,296$0$0$1,075,415
93$1,799,961$0$0$1,101,180
94$1,842,675$0$0$1,126,929
95$1,885,309$0$0$1,152,577
96$1,927,713$0$0$1,178,028
97$1,969,721$0$0$1,203,174
98$2,011,144$0$0$1,227,893
99$2,051,767$0$0$1,252,045
100$2,091,352$0$0$1,275,476