Can I retire at age 55 with 549,000?

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 $549,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$45,336$44,932$44,538$44,154$43,778$43,321
2 years$22,444$22,026$21,620$21,228$20,847$20,386
3 years$14,814$14,394$13,990$13,601$13,226$12,777
4 years$11,000$10,581$10,181$9,799$9,433$8,998
5 years$8,712$8,296$7,901$7,526$7,171$6,752
6 years$7,187$6,774$6,385$6,019$5,674$5,271
7 years$6,098$5,689$5,306$4,948$4,614$4,228
8 years$5,282$4,876$4,500$4,151$3,828$3,458
9 years$4,648$4,246$3,876$3,536$3,224$2,870
10 years$4,140$3,742$3,379$3,048$2,747$2,410
11 years$3,726$3,332$2,975$2,653$2,362$2,041
12 years$3,380$2,990$2,640$2,327$2,047$1,741
13 years$3,088$2,702$2,359$2,054$1,785$1,494
14 years$2,838$2,456$2,119$1,823$1,565$1,289
15 years$2,622$2,244$1,913$1,626$1,378$1,116
16 years$2,432$2,059$1,735$1,456$1,218$970
17 years$2,265$1,896$1,579$1,308$1,080$845
18 years$2,117$1,752$1,441$1,179$960$739
19 years$1,985$1,624$1,319$1,065$856$647
20 years$1,866$1,509$1,211$965$764$567
21 years$1,758$1,405$1,114$876$684$498
22 years$1,661$1,312$1,026$796$613$439
23 years$1,572$1,227$948$725$550$386
24 years$1,490$1,150$876$661$495$341
25 years$1,415$1,079$812$604$445$301
26 years$1,346$1,014$753$552$401$266
27 years$1,283$954$699$505$362$235
28 years$1,224$899$650$463$326$208
29 years$1,169$848$605$425$295$184
30 years$1,118$801$563$390$266$163
31 years$1,070$757$525$358$241$144
32 years$1,025$717$490$329$218$128
33 years$983$679$458$303$197$113
34 years$944$643$427$278$178$101
35 years$907$610$400$256$162$89
36 years$872$579$374$236$146$79
37 years$839$550$350$217$133$70
38 years$808$523$328$200$120$62
39 years$778$497$307$185$109$55
40 years$751$473$288$170$99$49
41 years$724$450$270$157$90$44
42 years$699$429$253$145$81$39
43 years$675$408$238$134$74$34
44 years$652$389$223$124$67$31
45 years$631$371$209$114$61$27
46 years$610$354$197$106$55$24
47 years$590$338$185$97$50$21
48 years$571$323$174$90$46$19
49 years$553$308$163$83$41$17
50 years$536$294$153$77$38$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $549,000, adding $4,747 every year, while hoping to spend $28,970 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: 43/43/14 Blend
54$549,000$549,000$549,000$549,000
55$609,895$580,798$572,288$633,448
56$641,280$578,433$560,636$648,055
57$674,896$574,981$547,622$660,612
58$710,939$570,359$533,171$673,585
59$749,625$564,477$517,203$687,025
60$791,192$557,241$499,634$700,990
61$835,899$548,552$480,378$715,546
62$884,033$538,303$459,342$730,767
63$935,906$526,382$436,433$746,738
64$991,865$512,671$411,549$763,553
65$1,052,287$497,043$384,588$781,321
66$1,117,588$479,367$355,440$800,163
67$1,188,226$459,500$323,991$820,216
68$1,264,703$437,294$290,123$841,634
69$1,347,573$412,591$253,712$864,589
70$1,437,442$385,224$214,628$889,276
71$1,534,978$355,018$172,735$915,913
72$1,640,918$321,785$127,894$944,743
73$1,756,068$285,329$79,955$976,038
74$1,881,319$245,442$28,765$1,010,106
75$2,017,648$201,904$0$1,047,286
76$2,166,133$154,481$0$1,091,823
77$2,327,958$102,930$0$1,145,116
78$2,504,426$46,991$0$1,203,365
79$2,696,973$0$0$1,267,126
80$2,907,179$0$0$1,343,457
81$3,136,782$0$0$1,451,181
82$3,387,696$0$0$1,568,970
83$3,662,028$0$0$1,697,821
84$3,962,099$0$0$1,838,832
85$4,290,464$0$0$1,993,214
86$4,649,935$0$0$2,162,297
87$5,043,610$0$0$2,347,549
88$5,474,901$0$0$2,550,584
89$5,947,563$0$0$2,773,182
90$6,465,736$0$0$3,017,301
91$7,033,975$0$0$3,285,100
92$7,657,299$0$0$3,578,956
93$8,341,237$0$0$3,901,487
94$9,091,878$0$0$4,255,576
95$9,915,928$0$0$4,644,401
96$10,820,778$0$0$5,071,460
97$11,814,565$0$0$5,540,610
98$12,906,255$0$0$6,056,096
99$14,105,726$0$0$6,622,598
100$15,423,859$0$0$7,245,270