Can I retire at age 55 with 551,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.7%
1 years$45,501$45,096$44,700$44,314$43,938$43,443
2 years$22,525$22,106$21,699$21,305$20,923$20,424
3 years$14,868$14,446$14,041$13,650$13,274$12,788
4 years$11,040$10,620$10,218$9,834$9,467$8,997
5 years$8,743$8,326$7,930$7,554$7,197$6,744
6 years$7,213$6,799$6,408$6,041$5,695$5,259
7 years$6,120$5,710$5,325$4,966$4,631$4,214
8 years$5,301$4,894$4,516$4,166$3,842$3,443
9 years$4,665$4,261$3,890$3,549$3,236$2,854
10 years$4,155$3,756$3,391$3,059$2,757$2,393
11 years$3,739$3,344$2,986$2,662$2,371$2,024
12 years$3,393$3,001$2,650$2,335$2,055$1,725
13 years$3,099$2,712$2,367$2,062$1,792$1,478
14 years$2,848$2,465$2,127$1,830$1,571$1,273
15 years$2,631$2,252$1,920$1,632$1,383$1,101
16 years$2,441$2,066$1,741$1,461$1,222$956
17 years$2,274$1,903$1,584$1,313$1,084$832
18 years$2,125$1,758$1,446$1,183$964$726
19 years$1,992$1,630$1,324$1,069$859$635
20 years$1,873$1,514$1,215$968$767$556
21 years$1,765$1,411$1,118$879$686$488
22 years$1,667$1,317$1,030$799$615$428
23 years$1,577$1,232$951$728$552$377
24 years$1,496$1,154$880$664$496$332
25 years$1,421$1,083$815$606$447$292
26 years$1,351$1,018$756$554$402$258
27 years$1,287$958$702$507$363$228
28 years$1,228$903$652$465$327$201
29 years$1,173$851$607$426$296$178
30 years$1,122$804$565$391$267$157
31 years$1,074$760$527$359$241$139
32 years$1,029$719$492$330$218$123
33 years$987$681$459$304$198$109
34 years$947$646$429$279$179$96
35 years$910$612$401$257$162$85
36 years$875$581$375$237$147$76
37 years$842$552$351$218$133$67
38 years$811$525$329$201$121$59
39 years$781$499$308$185$109$53
40 years$753$475$289$171$99$47
41 years$727$452$271$158$90$41
42 years$702$430$254$146$82$37
43 years$678$410$238$134$74$32
44 years$655$391$224$124$67$29
45 years$633$373$210$115$61$26
46 years$612$355$197$106$55$23
47 years$592$339$185$98$50$20
48 years$573$324$174$90$46$18
49 years$555$309$164$84$42$16
50 years$538$295$154$77$38$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $551,000, adding $3,452 every year, while hoping to spend $37,987 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: 71/22/7 Blend
54$551,000$551,000$551,000$551,000
55$610,763$581,560$573,019$653,236
56$632,643$569,638$551,798$669,831
57$655,481$555,860$528,592$682,950
58$679,336$540,092$503,295$696,258
59$704,269$522,198$475,797$709,763
60$730,349$502,029$445,980$723,476
61$757,646$479,431$413,722$737,409
62$786,242$454,239$378,898$751,577
63$816,221$426,279$341,373$765,997
64$847,676$395,367$301,009$780,689
65$880,707$361,309$257,662$795,677
66$915,425$323,898$211,179$810,989
67$951,948$282,919$161,403$826,655
68$990,405$238,140$108,168$842,713
69$1,030,938$189,320$51,303$859,204
70$1,073,699$136,203$0$876,176
71$1,118,857$78,518$0$894,386
72$1,166,594$15,978$0$917,330
73$1,217,109$0$0$941,259
74$1,270,619$0$0$978,789
75$1,327,362$0$0$1,022,702
76$1,387,598$0$0$1,069,332
77$1,451,611$0$0$1,118,902
78$1,519,711$0$0$1,171,653
79$1,592,238$0$0$1,227,852
80$1,669,565$0$0$1,287,789
81$1,752,099$0$0$1,351,782
82$1,840,287$0$0$1,420,180
83$1,934,618$0$0$1,493,367
84$2,035,630$0$0$1,571,761
85$2,143,912$0$0$1,655,822
86$2,260,108$0$0$1,746,055
87$2,384,928$0$0$1,843,015
88$2,519,150$0$0$1,947,308
89$2,663,628$0$0$2,059,603
90$2,819,299$0$0$2,180,633
91$2,987,194$0$0$2,311,202
92$3,168,445$0$0$2,452,196
93$3,364,296$0$0$2,604,587
94$3,576,112$0$0$2,769,444
95$3,805,395$0$0$2,947,940
96$4,053,799$0$0$3,141,367
97$4,323,137$0$0$3,351,145
98$4,615,407$0$0$3,578,835
99$4,932,805$0$0$3,826,154
100$5,277,747$0$0$4,094,992