Can I retire at age 55 with 552,000?

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 $552,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$45,584$45,178$44,781$44,395$44,017$43,777
2 years$22,566$22,146$21,739$21,344$20,961$20,718
3 years$14,895$14,473$14,066$13,675$13,298$13,061
4 years$11,060$10,639$10,237$9,852$9,484$9,254
5 years$8,759$8,341$7,944$7,567$7,210$6,987
6 years$7,226$6,811$6,420$6,052$5,705$5,491
7 years$6,132$5,720$5,335$4,975$4,640$4,434
8 years$5,311$4,903$4,525$4,174$3,849$3,651
9 years$4,673$4,269$3,897$3,555$3,241$3,052
10 years$4,163$3,763$3,397$3,065$2,762$2,580
11 years$3,746$3,350$2,991$2,667$2,375$2,202
12 years$3,399$3,007$2,655$2,339$2,058$1,893
13 years$3,105$2,717$2,372$2,065$1,795$1,637
14 years$2,854$2,470$2,131$1,833$1,573$1,423
15 years$2,636$2,256$1,924$1,635$1,385$1,242
16 years$2,446$2,070$1,744$1,464$1,224$1,088
17 years$2,278$1,906$1,587$1,315$1,086$956
18 years$2,129$1,762$1,449$1,185$965$843
19 years$1,996$1,633$1,326$1,071$860$744
20 years$1,876$1,517$1,217$970$769$659
21 years$1,768$1,413$1,120$880$688$584
22 years$1,670$1,319$1,032$801$616$518
23 years$1,580$1,234$953$729$553$461
24 years$1,498$1,156$881$665$497$410
25 years$1,423$1,085$816$607$448$366
26 years$1,354$1,020$757$555$403$326
27 years$1,290$960$703$508$363$291
28 years$1,230$904$653$466$328$260
29 years$1,175$853$608$427$296$232
30 years$1,124$806$566$392$268$208
31 years$1,076$761$528$360$242$186
32 years$1,031$721$493$331$219$166
33 years$989$682$460$304$198$149
34 years$949$647$430$280$179$133
35 years$912$613$402$258$162$119
36 years$877$582$376$237$147$107
37 years$844$553$352$219$133$96
38 years$812$526$330$202$121$86
39 years$783$500$309$186$110$77
40 years$755$475$289$171$99$69
41 years$728$453$271$158$90$62
42 years$703$431$255$146$82$56
43 years$679$411$239$135$74$50
44 years$656$391$224$124$67$45
45 years$634$373$210$115$61$40
46 years$613$356$198$106$56$36
47 years$593$340$186$98$50$33
48 years$574$324$175$91$46$29
49 years$556$310$164$84$42$26
50 years$539$296$154$77$38$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $552,000, adding $3,945 every year, while hoping to spend $49,074 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: 87/5/8 Blend
54$552,000$552,000$552,000$552,000
55$612,373$583,117$574,561$664,814
56$622,621$559,476$541,595$675,957
57$632,269$533,031$505,879$681,021
58$641,205$503,594$467,270$685,011
59$649,302$470,964$425,618$687,783
60$656,420$434,931$380,766$689,179
61$662,402$395,269$332,548$689,022
62$667,074$351,744$280,795$687,119
63$670,241$304,105$225,327$683,257
64$671,687$252,088$165,958$677,199
65$671,173$195,414$102,491$668,684
66$668,433$133,789$34,724$657,425
67$663,170$66,902$0$643,105
68$655,056$0$0$628,584
69$643,729$0$0$613,945
70$628,785$0$0$599,516
71$609,778$0$0$581,188
72$586,212$0$0$558,487
73$557,542$0$0$530,888
74$523,161$0$0$497,810
75$482,398$0$0$458,611
76$434,512$0$0$412,579
77$378,684$0$0$358,928
78$314,007$0$0$296,789
79$239,479$0$0$225,201
80$153,992$0$0$143,103
81$56,323$0$0$49,322
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0