Can I retire at age 55 with 550,000?

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 $550,000?

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$45,418$45,014$44,619$44,234$43,858$43,096
2 years$22,484$22,066$21,660$21,266$20,885$20,119
3 years$14,841$14,420$14,015$13,626$13,250$12,505
4 years$11,020$10,600$10,200$9,816$9,450$8,732
5 years$8,728$8,311$7,915$7,540$7,184$6,494
6 years$7,200$6,786$6,397$6,030$5,684$5,024
7 years$6,109$5,699$5,316$4,957$4,623$3,991
8 years$5,292$4,885$4,508$4,159$3,835$3,233
9 years$4,656$4,254$3,883$3,542$3,230$2,656
10 years$4,148$3,749$3,385$3,053$2,752$2,207
11 years$3,732$3,338$2,980$2,657$2,367$1,850
12 years$3,386$2,996$2,645$2,331$2,051$1,561
13 years$3,094$2,707$2,363$2,058$1,788$1,325
14 years$2,843$2,461$2,123$1,827$1,568$1,130
15 years$2,626$2,248$1,917$1,629$1,380$967
16 years$2,437$2,063$1,738$1,459$1,220$830
17 years$2,270$1,900$1,582$1,311$1,082$715
18 years$2,121$1,755$1,444$1,181$962$617
19 years$1,989$1,627$1,322$1,067$857$534
20 years$1,869$1,512$1,213$967$766$462
21 years$1,762$1,408$1,116$877$685$401
22 years$1,664$1,314$1,028$798$614$348
23 years$1,575$1,229$949$726$551$303
24 years$1,493$1,152$878$663$496$264
25 years$1,418$1,081$813$605$446$230
26 years$1,349$1,016$754$553$402$200
27 years$1,285$956$700$506$362$175
28 years$1,226$901$651$464$327$152
29 years$1,171$850$606$425$295$133
30 years$1,120$803$564$390$267$116
31 years$1,072$759$526$359$241$101
32 years$1,027$718$491$330$218$89
33 years$985$680$458$303$197$77
34 years$946$644$428$279$179$68
35 years$908$611$400$257$162$59
36 years$874$580$375$236$147$52
37 years$841$551$351$218$133$45
38 years$809$524$328$201$120$40
39 years$780$498$308$185$109$35
40 years$752$474$288$171$99$30
41 years$725$451$270$158$90$27
42 years$700$429$254$145$82$23
43 years$676$409$238$134$74$20
44 years$653$390$223$124$67$18
45 years$632$372$210$114$61$16
46 years$611$355$197$106$55$14
47 years$591$339$185$98$50$12
48 years$572$323$174$90$46$10
49 years$554$309$163$83$41$9
50 years$537$295$154$77$38$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $550,000, adding $3,894 every year, while hoping to spend $43,056 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: 48/43/9 Blend
54$550,000$550,000$550,000$550,000
55$610,117$580,967$572,442$637,736
56$626,537$563,623$545,807$639,761
57$643,190$543,986$516,837$637,123
58$660,052$521,898$485,409$633,265
59$677,099$497,193$451,392$628,086
60$694,302$469,694$414,651$621,480
61$711,625$439,213$375,046$613,329
62$729,030$405,554$332,430$603,512
63$746,472$368,507$286,647$591,896
64$763,900$327,852$237,538$578,340
65$781,257$283,355$184,934$562,692
66$798,476$234,771$128,661$544,790
67$815,484$181,838$68,534$524,461
68$832,196$124,281$4,363$501,519
69$848,520$61,811$0$475,765
70$864,349$0$0$453,142
71$879,566$0$0$430,894
72$894,036$0$0$437,466
73$907,612$0$0$443,530
74$920,128$0$0$448,999
75$931,398$0$0$453,773
76$941,217$0$0$457,741
77$949,354$0$0$460,782
78$955,554$0$0$462,757
79$959,530$0$0$463,516
80$960,968$0$0$462,889
81$959,514$0$0$460,689
82$954,778$0$0$456,708
83$946,328$0$0$450,716
84$933,681$0$0$442,456
85$916,306$0$0$431,645
86$893,611$0$0$417,970
87$864,943$0$0$401,082
88$829,576$0$0$380,596
89$786,708$0$0$356,087
90$735,452$0$0$327,083
91$674,826$0$0$293,063
92$603,743$0$0$253,450
93$521,003$0$0$207,608
94$425,276$0$0$154,831
95$315,097$0$0$94,342
96$188,842$0$0$25,279
97$44,719$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0