Can I retire at age 55 with 553,000?

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 $553,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$45,666$45,259$44,863$44,475$44,097$43,456
2 years$22,607$22,186$21,778$21,382$20,999$20,354
3 years$14,922$14,499$14,092$13,700$13,322$12,694
4 years$11,080$10,658$10,255$9,870$9,502$8,895
5 years$8,775$8,356$7,958$7,581$7,223$6,640
6 years$7,239$6,823$6,432$6,063$5,715$5,156
7 years$6,143$5,730$5,345$4,984$4,648$4,113
8 years$5,321$4,912$4,533$4,181$3,856$3,345
9 years$4,681$4,277$3,904$3,562$3,247$2,760
10 years$4,171$3,770$3,404$3,070$2,767$2,303
11 years$3,753$3,356$2,997$2,672$2,380$1,938
12 years$3,405$3,012$2,659$2,344$2,062$1,643
13 years$3,111$2,722$2,376$2,069$1,798$1,401
14 years$2,859$2,474$2,135$1,837$1,576$1,200
15 years$2,641$2,260$1,927$1,638$1,388$1,032
16 years$2,450$2,074$1,747$1,467$1,227$891
17 years$2,282$1,910$1,590$1,318$1,088$771
18 years$2,133$1,765$1,452$1,188$967$669
19 years$1,999$1,636$1,329$1,073$862$581
20 years$1,879$1,520$1,220$972$770$506
21 years$1,771$1,416$1,122$882$689$442
22 years$1,673$1,322$1,034$802$618$386
23 years$1,583$1,236$955$730$554$337
24 years$1,501$1,158$883$666$498$295
25 years$1,426$1,087$818$608$448$258
26 years$1,356$1,021$758$556$404$226
27 years$1,292$961$704$509$364$199
28 years$1,233$906$655$466$329$174
29 years$1,177$854$609$428$297$153
30 years$1,126$807$567$393$268$134
31 years$1,078$763$529$361$242$118
32 years$1,033$722$494$331$219$104
33 years$990$684$461$305$198$91
34 years$951$648$431$280$180$80
35 years$913$615$403$258$163$71
36 years$878$583$377$238$147$62
37 years$845$554$353$219$134$55
38 years$814$526$330$202$121$48
39 years$784$501$309$186$110$42
40 years$756$476$290$172$100$37
41 years$729$453$272$158$90$33
42 years$704$432$255$146$82$29
43 years$680$411$239$135$74$25
44 years$657$392$225$125$68$22
45 years$635$374$211$115$61$20
46 years$614$357$198$106$56$17
47 years$594$340$186$98$51$15
48 years$575$325$175$91$46$13
49 years$557$310$164$84$42$12
50 years$540$296$155$78$38$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $553,000, adding $2,079 every year, while hoping to spend $36,219 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: 76/5/19 Blend
54$553,000$553,000$553,000$553,000
55$611,550$582,241$573,670$655,188
56$635,392$572,235$554,351$674,349
57$660,451$560,523$533,171$690,669
58$686,814$546,986$510,030$707,602
59$714,575$531,494$484,821$725,201
60$743,835$513,911$457,436$743,522
61$774,705$494,092$427,759$762,629
62$807,307$471,884$395,671$782,590
63$841,772$447,125$361,045$803,483
64$878,244$419,646$323,752$825,394
65$916,880$389,264$283,653$848,420
66$957,852$355,788$240,606$872,665
67$1,001,349$319,017$194,461$898,247
68$1,047,574$278,737$145,064$925,297
69$1,096,753$234,722$92,250$953,958
70$1,149,132$186,733$35,850$984,391
71$1,204,980$134,519$0$1,016,774
72$1,264,591$77,814$0$1,056,237
73$1,328,288$16,336$0$1,106,141
74$1,396,426$0$0$1,159,491
75$1,469,393$0$0$1,219,358
76$1,547,614$0$0$1,284,514
77$1,631,556$0$0$1,354,451
78$1,721,732$0$0$1,429,597
79$1,818,704$0$0$1,510,423
80$1,923,090$0$0$1,597,446
81$2,035,569$0$0$1,691,234
82$2,156,884$0$0$1,792,409
83$2,287,854$0$0$1,901,658
84$2,429,380$0$0$2,019,732
85$2,582,447$0$0$2,147,460
86$2,748,144$0$0$2,285,749
87$2,927,664$0$0$2,435,601
88$3,122,320$0$0$2,598,113
89$3,333,556$0$0$2,774,495
90$3,562,960$0$0$2,966,077
91$3,812,278$0$0$3,174,320
92$4,083,433$0$0$3,400,833
93$4,378,538$0$0$3,647,388
94$4,699,920$0$0$3,915,930
95$5,050,138$0$0$4,208,603
96$5,432,009$0$0$4,527,767
97$5,848,634$0$0$4,876,017
98$6,303,425$0$0$5,256,210
99$6,800,139$0$0$5,671,492
100$7,342,912$0$0$6,125,327