Can I retire at age 55 with 554,000?

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 $554,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$45,749$45,341$44,944$44,556$44,177$43,697
2 years$22,648$22,226$21,817$21,421$21,037$20,554
3 years$14,949$14,525$14,117$13,725$13,346$12,875
4 years$11,100$10,677$10,274$9,888$9,519$9,063
5 years$8,791$8,371$7,973$7,595$7,236$6,797
6 years$7,252$6,836$6,443$6,074$5,726$5,304
7 years$6,154$5,741$5,354$4,993$4,656$4,252
8 years$5,330$4,921$4,541$4,189$3,863$3,476
9 years$4,690$4,284$3,911$3,568$3,253$2,883
10 years$4,178$3,777$3,410$3,076$2,772$2,419
11 years$3,760$3,362$3,002$2,677$2,384$2,047
12 years$3,411$3,018$2,664$2,348$2,066$1,746
13 years$3,116$2,727$2,380$2,073$1,801$1,497
14 years$2,864$2,479$2,139$1,840$1,579$1,290
15 years$2,645$2,264$1,931$1,641$1,390$1,117
16 years$2,454$2,078$1,751$1,469$1,229$970
17 years$2,286$1,913$1,593$1,320$1,090$845
18 years$2,137$1,768$1,454$1,190$969$737
19 years$2,003$1,639$1,331$1,075$864$645
20 years$1,883$1,523$1,222$974$771$566
21 years$1,774$1,418$1,124$884$690$497
22 years$1,676$1,324$1,036$803$619$437
23 years$1,586$1,238$956$732$555$384
24 years$1,504$1,160$884$667$499$339
25 years$1,428$1,089$819$609$449$299
26 years$1,359$1,023$760$557$405$264
27 years$1,294$963$705$510$365$233
28 years$1,235$907$656$467$329$206
29 years$1,179$856$610$429$297$182
30 years$1,128$808$568$393$269$161
31 years$1,080$764$530$361$243$143
32 years$1,034$723$494$332$220$126
33 years$992$685$462$305$199$112
34 years$952$649$431$281$180$99
35 years$915$616$403$259$163$88
36 years$880$584$377$238$148$78
37 years$847$555$353$219$134$69
38 years$815$527$331$202$121$61
39 years$786$502$310$186$110$54
40 years$757$477$290$172$100$48
41 years$731$454$272$159$91$43
42 years$705$433$255$146$82$38
43 years$681$412$240$135$75$34
44 years$658$393$225$125$68$30
45 years$636$375$211$115$61$27
46 years$615$357$198$106$56$24
47 years$596$341$186$98$51$21
48 years$577$326$175$91$46$19
49 years$558$311$165$84$42$16
50 years$541$297$155$78$38$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $554,000, adding $5,732 every year, while hoping to spend $32,619 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: 70/23/7 Blend
54$554,000$554,000$554,000$554,000
55$616,421$587,059$578,472$658,493
56$644,589$581,118$563,144$681,134
57$674,538$573,793$546,210$701,336
58$706,413$564,982$527,580$722,547
59$740,377$554,575$507,164$744,858
60$776,605$542,459$484,863$768,370
61$815,290$528,512$460,578$793,195
62$856,645$512,604$434,203$819,459
63$900,902$494,600$405,627$847,299
64$948,314$474,356$374,736$876,869
65$999,161$451,718$341,409$908,339
66$1,053,749$426,526$305,520$941,897
67$1,112,415$398,609$266,938$977,751
68$1,175,526$367,786$225,526$1,016,133
69$1,243,489$333,867$181,140$1,057,300
70$1,316,748$296,650$133,631$1,101,535
71$1,395,792$255,921$82,843$1,149,151
72$1,481,157$211,455$28,613$1,200,499
73$1,573,434$163,015$0$1,255,962
74$1,673,271$110,350$0$1,318,154
75$1,781,380$53,193$0$1,387,783
76$1,898,546$0$0$1,463,249
77$2,025,630$0$0$1,547,354
78$2,163,580$0$0$1,653,289
79$2,313,438$0$0$1,768,395
80$2,476,350$0$0$1,893,555
81$2,653,578$0$0$2,029,743
82$2,846,509$0$0$2,178,027
83$3,056,671$0$0$2,339,586
84$3,285,744$0$0$2,515,716
85$3,535,576$0$0$2,707,841
86$3,808,204$0$0$2,917,532
87$4,105,868$0$0$3,146,516
88$4,431,035$0$0$3,396,696
89$4,786,419$0$0$3,670,165
90$5,175,010$0$0$3,969,229
91$5,600,099$0$0$4,296,425
92$6,065,310$0$0$4,654,549
93$6,574,634$0$0$5,046,678
94$7,132,464$0$0$5,476,201
95$7,743,641$0$0$5,946,851
96$8,413,493$0$0$6,462,737
97$9,147,890$0$0$7,028,387
98$9,953,297$0$0$7,648,786
99$10,836,833$0$0$8,329,426
100$11,806,342$0$0$9,076,357