Can I retire at age 55 with 551,000?

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 $551,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$45,501$45,096$44,700$44,314$43,938$43,015
2 years$22,525$22,106$21,699$21,305$20,923$19,998
3 years$14,868$14,446$14,041$13,650$13,274$12,376
4 years$11,040$10,620$10,218$9,834$9,467$8,602
5 years$8,743$8,326$7,930$7,554$7,197$6,367
6 years$7,213$6,799$6,408$6,041$5,695$4,902
7 years$6,120$5,710$5,325$4,966$4,631$3,875
8 years$5,301$4,894$4,516$4,166$3,842$3,122
9 years$4,665$4,261$3,890$3,549$3,236$2,552
10 years$4,155$3,756$3,391$3,059$2,757$2,108
11 years$3,739$3,344$2,986$2,662$2,371$1,757
12 years$3,393$3,001$2,650$2,335$2,055$1,474
13 years$3,099$2,712$2,367$2,062$1,792$1,244
14 years$2,848$2,465$2,127$1,830$1,571$1,054
15 years$2,631$2,252$1,920$1,632$1,383$897
16 years$2,441$2,066$1,741$1,461$1,222$765
17 years$2,274$1,903$1,584$1,313$1,084$655
18 years$2,125$1,758$1,446$1,183$964$561
19 years$1,992$1,630$1,324$1,069$859$482
20 years$1,873$1,514$1,215$968$767$415
21 years$1,765$1,411$1,118$879$686$358
22 years$1,667$1,317$1,030$799$615$308
23 years$1,577$1,232$951$728$552$266
24 years$1,496$1,154$880$664$496$230
25 years$1,421$1,083$815$606$447$199
26 years$1,351$1,018$756$554$402$172
27 years$1,287$958$702$507$363$149
28 years$1,228$903$652$465$327$129
29 years$1,173$851$607$426$296$112
30 years$1,122$804$565$391$267$97
31 years$1,074$760$527$359$241$84
32 years$1,029$719$492$330$218$73
33 years$987$681$459$304$198$63
34 years$947$646$429$279$179$55
35 years$910$612$401$257$162$48
36 years$875$581$375$237$147$41
37 years$842$552$351$218$133$36
38 years$811$525$329$201$121$31
39 years$781$499$308$185$109$27
40 years$753$475$289$171$99$24
41 years$727$452$271$158$90$20
42 years$702$430$254$146$82$18
43 years$678$410$238$134$74$15
44 years$655$391$224$124$67$13
45 years$633$373$210$115$61$12
46 years$612$355$197$106$55$10
47 years$592$339$185$98$50$9
48 years$573$324$174$90$46$8
49 years$555$309$164$84$42$7
50 years$538$295$154$77$38$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $551,000, adding $4,481 every year, while hoping to spend $20,805 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: 51/27/22 Blend
54$551,000$551,000$551,000$551,000
55$611,824$582,621$574,081$639,066
56$652,094$589,033$571,176$664,797
57$695,774$595,062$567,477$690,264
58$743,190$600,667$562,934$717,519
59$794,700$605,805$557,498$746,742
60$850,700$610,430$551,114$778,129
61$911,621$614,491$543,727$811,896
62$977,943$617,937$535,278$848,284
63$1,050,190$620,713$525,706$887,559
64$1,128,939$622,757$514,947$930,014
65$1,214,827$624,009$502,934$975,972
66$1,308,554$624,400$489,597$1,025,794
67$1,410,890$623,859$474,862$1,079,874
68$1,522,684$622,311$458,653$1,138,652
69$1,644,868$619,675$440,889$1,202,610
70$1,778,473$615,867$421,486$1,272,284
71$1,924,628$610,796$400,357$1,348,264
72$2,084,581$604,366$377,410$1,431,203
73$2,259,704$596,475$352,548$1,521,821
74$2,451,508$587,016$325,673$1,620,915
75$2,661,657$575,876$296,679$1,729,363
76$2,891,984$562,932$265,456$1,848,138
77$3,144,509$548,058$231,891$1,978,312
78$3,421,453$531,117$195,863$2,121,067
79$3,725,266$511,967$157,250$2,277,713
80$4,058,646$490,455$115,920$2,449,692
81$4,424,562$466,422$71,737$2,638,598
82$4,826,287$439,696$24,560$2,846,190
83$5,267,426$410,100$0$3,074,409
84$5,751,951$377,442$0$3,331,451
85$6,284,236$341,522$0$3,620,175
86$6,869,099$302,128$0$3,937,457
87$7,511,851$259,036$0$4,286,218
88$8,218,339$212,009$0$4,669,677
89$8,995,009$160,796$0$5,091,384
90$9,848,958$105,133$0$5,555,255
91$10,788,008$44,741$0$6,065,605
92$11,820,777$0$0$6,627,195
93$12,956,758$0$0$7,251,413
94$14,206,413$0$0$7,952,782
95$15,581,267$0$0$8,724,485
96$17,094,018$0$0$9,573,658
97$18,758,659$0$0$10,508,164
98$20,590,607$0$0$11,536,666
99$22,606,848$0$0$12,668,710
100$24,826,100$0$0$13,914,815