Can I retire at age 55 with 554,000?

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 $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%15.7%
1 years$45,749$45,341$44,944$44,556$44,177$43,144
2 years$22,648$22,226$21,817$21,421$21,037$20,002
3 years$14,949$14,525$14,117$13,725$13,346$12,342
4 years$11,100$10,677$10,274$9,888$9,519$8,553
5 years$8,791$8,371$7,973$7,595$7,236$6,311
6 years$7,252$6,836$6,443$6,074$5,726$4,842
7 years$6,154$5,741$5,354$4,993$4,656$3,815
8 years$5,330$4,921$4,541$4,189$3,863$3,063
9 years$4,690$4,284$3,911$3,568$3,253$2,495
10 years$4,178$3,777$3,410$3,076$2,772$2,053
11 years$3,760$3,362$3,002$2,677$2,384$1,705
12 years$3,411$3,018$2,664$2,348$2,066$1,425
13 years$3,116$2,727$2,380$2,073$1,801$1,197
14 years$2,864$2,479$2,139$1,840$1,579$1,011
15 years$2,645$2,264$1,931$1,641$1,390$856
16 years$2,454$2,078$1,751$1,469$1,229$727
17 years$2,286$1,913$1,593$1,320$1,090$620
18 years$2,137$1,768$1,454$1,190$969$529
19 years$2,003$1,639$1,331$1,075$864$452
20 years$1,883$1,523$1,222$974$771$388
21 years$1,774$1,418$1,124$884$690$332
22 years$1,676$1,324$1,036$803$619$285
23 years$1,586$1,238$956$732$555$245
24 years$1,504$1,160$884$667$499$211
25 years$1,428$1,089$819$609$449$182
26 years$1,359$1,023$760$557$405$156
27 years$1,294$963$705$510$365$135
28 years$1,235$907$656$467$329$116
29 years$1,179$856$610$429$297$100
30 years$1,128$808$568$393$269$86
31 years$1,080$764$530$361$243$75
32 years$1,034$723$494$332$220$64
33 years$992$685$462$305$199$56
34 years$952$649$431$281$180$48
35 years$915$616$403$259$163$41
36 years$880$584$377$238$148$36
37 years$847$555$353$219$134$31
38 years$815$527$331$202$121$27
39 years$786$502$310$186$110$23
40 years$757$477$290$172$100$20
41 years$731$454$272$159$91$17
42 years$705$433$255$146$82$15
43 years$681$412$240$135$75$13
44 years$658$393$225$125$68$11
45 years$636$375$211$115$61$10
46 years$615$357$198$106$56$8
47 years$596$341$186$98$51$7
48 years$577$326$175$91$46$6
49 years$558$311$165$84$42$5
50 years$541$297$155$78$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $554,000, adding $6,227 every year, while hoping to spend $22,227 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: 48/41/11 Blend
54$554,000$554,000$554,000$554,000
55$616,931$587,569$578,982$644,394
56$656,209$592,711$574,729$669,085
57$698,748$597,359$569,588$693,056
58$744,857$601,467$563,506$718,577
59$794,877$604,984$556,428$745,801
60$849,182$607,855$548,296$774,896
61$908,182$610,023$539,047$806,047
62$972,331$611,428$528,619$839,461
63$1,042,125$612,005$516,944$875,366
64$1,118,112$611,684$503,953$914,012
65$1,200,896$610,393$489,572$955,681
66$1,291,139$608,053$473,724$1,000,679
67$1,389,570$604,583$456,329$1,049,350
68$1,496,994$599,896$437,304$1,102,070
69$1,614,294$593,897$416,560$1,159,257
70$1,742,444$586,490$394,007$1,221,375
71$1,882,516$577,570$369,548$1,288,934
72$2,035,688$567,027$343,083$1,362,499
73$2,203,260$554,743$314,509$1,442,695
74$2,386,663$540,596$283,715$1,530,214
75$2,587,471$524,453$250,587$1,625,819
76$2,807,418$506,176$215,007$1,730,355
77$3,048,414$485,619$176,850$1,844,754
78$3,312,564$462,626$135,986$1,970,047
79$3,602,183$437,031$92,279$2,107,374
80$3,919,822$408,663$45,587$2,257,995
81$4,268,293$377,336$0$2,423,298
82$4,650,690$342,857$0$2,605,319
83$5,070,423$305,020$0$2,811,000
84$5,531,248$263,608$0$3,036,876
85$6,037,302$218,391$0$3,285,038
86$6,593,142$169,127$0$3,557,793
87$7,203,789$115,561$0$3,857,685
88$7,874,773$57,421$0$4,187,524
89$8,612,188$0$0$4,550,410
90$9,422,747$0$0$4,952,280
91$10,313,844$0$0$5,422,627
92$11,293,627$0$0$5,939,854
93$12,371,072$0$0$6,508,708
94$13,556,071$0$0$7,134,419
95$14,859,518$0$0$7,822,750
96$16,293,420$0$0$8,580,051
97$17,871,004$0$0$9,413,316
98$19,606,845$0$0$10,330,255
99$21,517,001$0$0$11,339,361
100$23,619,166$0$0$12,449,990