Can I retire at age 55 with 548,000?

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 $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$45,253$44,850$44,457$44,073$43,698$42,939
2 years$22,403$21,985$21,581$21,189$20,809$20,046
3 years$14,787$14,368$13,964$13,576$13,202$12,460
4 years$10,980$10,562$10,162$9,781$9,416$8,700
5 years$8,696$8,281$7,887$7,513$7,158$6,470
6 years$7,174$6,762$6,373$6,008$5,664$5,005
7 years$6,087$5,678$5,296$4,939$4,606$3,977
8 years$5,272$4,867$4,492$4,144$3,821$3,221
9 years$4,639$4,238$3,869$3,529$3,218$2,647
10 years$4,133$3,736$3,373$3,042$2,742$2,199
11 years$3,719$3,326$2,969$2,648$2,358$1,843
12 years$3,374$2,985$2,635$2,322$2,043$1,555
13 years$3,083$2,697$2,354$2,050$1,782$1,320
14 years$2,833$2,452$2,115$1,820$1,562$1,126
15 years$2,617$2,240$1,910$1,623$1,375$964
16 years$2,428$2,055$1,732$1,453$1,216$827
17 years$2,261$1,893$1,576$1,306$1,078$713
18 years$2,113$1,749$1,438$1,177$958$615
19 years$1,981$1,621$1,317$1,063$854$532
20 years$1,862$1,506$1,209$963$763$461
21 years$1,755$1,403$1,112$874$683$400
22 years$1,658$1,310$1,025$795$612$347
23 years$1,569$1,225$946$724$549$302
24 years$1,488$1,148$875$660$494$263
25 years$1,413$1,077$810$603$444$229
26 years$1,344$1,012$752$551$400$199
27 years$1,280$953$698$505$361$174
28 years$1,221$898$649$462$326$152
29 years$1,167$847$604$424$294$132
30 years$1,115$800$562$389$266$116
31 years$1,068$756$524$357$240$101
32 years$1,023$715$489$328$217$88
33 years$981$677$457$302$197$77
34 years$942$642$427$278$178$67
35 years$905$609$399$256$161$59
36 years$870$578$373$236$146$52
37 years$837$549$349$217$132$45
38 years$806$522$327$200$120$40
39 years$777$496$306$184$109$35
40 years$749$472$287$170$99$30
41 years$723$449$269$157$90$26
42 years$698$428$253$145$81$23
43 years$674$408$237$134$74$20
44 years$651$389$223$123$67$18
45 years$629$371$209$114$61$16
46 years$609$354$196$105$55$14
47 years$589$337$184$97$50$12
48 years$570$322$173$90$46$10
49 years$552$308$163$83$41$9
50 years$535$294$153$77$38$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $548,000, adding $5,448 every year, while hoping to spend $43,667 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: 60/15/25 Blend
54$548,000$548,000$548,000$548,000
55$609,516$580,472$571,978$641,701
56$625,225$562,453$544,678$646,206
57$641,073$542,089$514,999$645,925
58$657,028$519,217$482,817$644,676
59$673,053$493,666$448,000$642,376
60$689,106$465,258$410,410$638,931
61$705,141$433,801$369,904$634,245
62$721,101$399,093$326,332$628,210
63$736,927$360,922$279,537$620,713
64$752,548$319,063$229,357$611,630
65$767,887$273,276$175,620$600,828
66$782,856$223,311$118,147$588,163
67$797,357$168,902$56,754$573,480
68$811,277$109,768$0$556,612
69$824,494$45,614$0$539,716
70$836,869$0$0$536,567
71$848,247$0$0$535,796
72$858,455$0$0$541,756
73$867,301$0$0$546,790
74$874,569$0$0$550,755
75$880,020$0$0$553,494
76$883,390$0$0$554,828
77$884,382$0$0$554,561
78$882,668$0$0$552,477
79$877,883$0$0$548,333
80$869,624$0$0$541,860
81$857,442$0$0$532,761
82$840,839$0$0$520,706
83$819,264$0$0$505,331
84$792,108$0$0$486,230
85$758,694$0$0$462,955
86$718,275$0$0$435,011
87$670,022$0$0$401,848
88$613,019$0$0$362,861
89$546,253$0$0$317,378
90$468,605$0$0$264,657
91$378,835$0$0$203,878
92$275,576$0$0$134,135
93$157,314$0$0$54,426
94$22,379$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0