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%20%
1 years$45,501$45,096$44,700$44,314$43,938$42,178
2 years$22,525$22,106$21,699$21,305$20,923$19,172
3 years$14,868$14,446$14,041$13,650$13,274$11,587
4 years$11,040$10,620$10,218$9,834$9,467$7,857
5 years$8,743$8,326$7,930$7,554$7,197$5,668
6 years$7,213$6,799$6,408$6,041$5,695$4,248
7 years$6,120$5,710$5,325$4,966$4,631$3,266
8 years$5,301$4,894$4,516$4,166$3,842$2,556
9 years$4,665$4,261$3,890$3,549$3,236$2,028
10 years$4,155$3,756$3,391$3,059$2,757$1,625
11 years$3,739$3,344$2,986$2,662$2,371$1,312
12 years$3,393$3,001$2,650$2,335$2,055$1,066
13 years$3,099$2,712$2,367$2,062$1,792$870
14 years$2,848$2,465$2,127$1,830$1,571$713
15 years$2,631$2,252$1,920$1,632$1,383$586
16 years$2,441$2,066$1,741$1,461$1,222$482
17 years$2,274$1,903$1,584$1,313$1,084$398
18 years$2,125$1,758$1,446$1,183$964$329
19 years$1,992$1,630$1,324$1,069$859$273
20 years$1,873$1,514$1,215$968$767$226
21 years$1,765$1,411$1,118$879$686$187
22 years$1,667$1,317$1,030$799$615$156
23 years$1,577$1,232$951$728$552$129
24 years$1,496$1,154$880$664$496$107
25 years$1,421$1,083$815$606$447$89
26 years$1,351$1,018$756$554$402$74
27 years$1,287$958$702$507$363$62
28 years$1,228$903$652$465$327$51
29 years$1,173$851$607$426$296$43
30 years$1,122$804$565$391$267$36
31 years$1,074$760$527$359$241$30
32 years$1,029$719$492$330$218$25
33 years$987$681$459$304$198$21
34 years$947$646$429$279$179$17
35 years$910$612$401$257$162$14
36 years$875$581$375$237$147$12
37 years$842$552$351$218$133$10
38 years$811$525$329$201$121$8
39 years$781$499$308$185$109$7
40 years$753$475$289$171$99$6
41 years$727$452$271$158$90$5
42 years$702$430$254$146$82$4
43 years$678$410$238$134$74$3
44 years$655$391$224$124$67$3
45 years$633$373$210$115$61$2
46 years$612$355$197$106$55$2
47 years$592$339$185$98$50$2
48 years$573$324$174$90$46$1
49 years$555$309$164$84$42$1
50 years$538$295$154$77$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $551,000, adding $4,449 every year, while hoping to spend $40,817 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: 81/7/12 Blend
54$551,000$551,000$551,000$551,000
55$611,791$582,588$574,048$659,657
56$630,765$567,706$549,849$676,824
57$650,306$550,727$523,472$689,872
58$670,429$531,504$494,800$702,994
59$691,149$509,884$463,713$716,177
60$712,481$485,703$430,082$729,407
61$734,441$458,789$393,776$742,669
62$757,042$428,959$354,656$755,946
63$780,302$396,019$312,578$769,219
64$804,234$359,765$267,391$782,468
65$828,853$319,981$218,936$795,671
66$854,176$276,440$167,050$808,805
67$880,216$228,899$111,561$821,844
68$906,988$177,105$52,288$834,761
69$934,506$120,789$0$847,524
70$962,783$59,665$0$861,505
71$991,833$0$0$882,500
72$1,021,667$0$0$904,301
73$1,052,298$0$0$931,401
74$1,083,735$0$0$959,214
75$1,115,988$0$0$987,747
76$1,149,065$0$0$1,017,007
77$1,182,972$0$0$1,047,000
78$1,217,713$0$0$1,077,729
79$1,253,292$0$0$1,109,197
80$1,289,708$0$0$1,141,402
81$1,326,958$0$0$1,174,344
82$1,365,038$0$0$1,208,015
83$1,403,938$0$0$1,242,409
84$1,443,645$0$0$1,277,513
85$1,484,142$0$0$1,313,311
86$1,525,407$0$0$1,349,784
87$1,567,412$0$0$1,386,906
88$1,610,124$0$0$1,424,647
89$1,653,501$0$0$1,462,971
90$1,697,497$0$0$1,501,833
91$1,742,053$0$0$1,541,183
92$1,787,103$0$0$1,580,961
93$1,832,570$0$0$1,621,097
94$1,878,365$0$0$1,661,512
95$1,924,385$0$0$1,702,113
96$1,970,515$0$0$1,742,797
97$2,016,619$0$0$1,783,443
98$2,062,547$0$0$1,823,915
99$2,108,127$0$0$1,864,060
100$2,153,165$0$0$1,903,705