Can I retire at age 55 with 555,000?

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 $555,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$45,831$45,423$45,025$44,636$44,256$44,033
2 years$22,689$22,266$21,857$21,460$21,075$20,849
3 years$14,976$14,551$14,143$13,749$13,371$13,150
4 years$11,120$10,697$10,292$9,906$9,536$9,322
5 years$8,807$8,386$7,987$7,609$7,249$7,042
6 years$7,265$6,848$6,455$6,085$5,736$5,537
7 years$6,165$5,751$5,364$5,002$4,665$4,473
8 years$5,340$4,930$4,549$4,196$3,870$3,686
9 years$4,698$4,292$3,918$3,574$3,259$3,083
10 years$4,186$3,783$3,416$3,081$2,777$2,608
11 years$3,766$3,368$3,007$2,682$2,388$2,227
12 years$3,417$3,023$2,669$2,352$2,070$1,915
13 years$3,122$2,732$2,385$2,077$1,805$1,658
14 years$2,869$2,483$2,143$1,843$1,582$1,442
15 years$2,650$2,268$1,934$1,644$1,393$1,260
16 years$2,459$2,081$1,754$1,472$1,231$1,104
17 years$2,290$1,917$1,596$1,323$1,092$971
18 years$2,140$1,771$1,457$1,192$971$856
19 years$2,007$1,642$1,334$1,077$865$757
20 years$1,886$1,525$1,224$975$773$670
21 years$1,778$1,421$1,126$885$691$595
22 years$1,679$1,326$1,038$805$620$528
23 years$1,589$1,240$958$733$556$470
24 years$1,507$1,162$886$669$500$419
25 years$1,431$1,091$821$611$450$373
26 years$1,361$1,025$761$558$405$333
27 years$1,297$965$707$511$365$298
28 years$1,237$909$657$468$330$266
29 years$1,181$858$611$429$298$238
30 years$1,130$810$570$394$269$213
31 years$1,081$766$531$362$243$191
32 years$1,036$724$495$333$220$171
33 years$994$686$463$306$199$153
34 years$954$650$432$281$180$137
35 years$917$617$404$259$163$123
36 years$881$585$378$239$148$110
37 years$848$556$354$220$134$99
38 years$817$528$331$203$122$89
39 years$787$502$310$187$110$80
40 years$759$478$291$172$100$72
41 years$732$455$273$159$91$64
42 years$707$433$256$147$82$58
43 years$682$413$240$135$75$52
44 years$659$394$225$125$68$47
45 years$637$375$212$115$62$42
46 years$617$358$199$107$56$38
47 years$597$342$187$99$51$34
48 years$578$326$175$91$46$30
49 years$559$311$165$84$42$27
50 years$542$298$155$78$38$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $555,000, adding $5,392 every year, while hoping to spend $26,506 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: 66/14/20 Blend
54$555,000$555,000$555,000$555,000
55$617,172$587,757$579,154$654,461
56$651,921$588,355$570,354$680,734
57$689,327$588,094$560,370$705,910
58$729,631$586,903$549,136$732,801
59$773,101$584,709$536,580$761,577
60$820,030$581,433$522,628$792,423
61$870,741$576,990$507,203$825,547
62$925,586$571,293$490,224$861,174
63$984,956$564,246$471,606$899,558
64$1,049,277$555,750$451,261$940,977
65$1,119,021$545,699$429,096$985,737
66$1,194,704$533,981$405,014$1,034,179
67$1,276,895$520,478$378,913$1,086,679
68$1,366,221$505,064$350,689$1,143,650
69$1,463,369$487,605$320,230$1,205,552
70$1,569,096$467,961$287,422$1,272,891
71$1,684,236$445,984$252,143$1,346,226
72$1,809,706$421,515$214,267$1,426,174
73$1,946,514$394,387$173,663$1,513,419
74$2,095,772$364,426$130,195$1,608,714
75$2,258,702$331,443$83,717$1,712,891
76$2,436,649$295,244$34,081$1,826,869
77$2,631,094$255,618$0$1,951,662
78$2,843,670$212,347$0$2,092,423
79$3,076,170$165,198$0$2,254,379
80$3,330,572$113,926$0$2,431,654
81$3,609,054$58,271$0$2,625,790
82$3,914,011$0$0$2,838,492
83$4,248,085$0$0$3,071,951
84$4,614,182$0$0$3,337,660
85$5,015,503$0$0$3,628,972
86$5,455,576$0$0$3,948,450
87$5,938,283$0$0$4,298,919
88$6,467,903$0$0$4,683,488
89$7,049,148$0$0$5,105,586
90$7,687,207$0$0$5,568,985
91$8,387,798$0$0$6,077,844
92$9,157,220$0$0$6,636,742
93$10,002,409$0$0$7,250,725
94$10,931,009$0$0$7,925,351
95$11,951,439$0$0$8,666,743
96$13,072,975$0$0$9,481,647
97$14,305,836$0$0$10,377,494
98$15,661,281$0$0$11,362,472
99$17,151,712$0$0$12,445,602
100$18,790,797$0$0$13,636,822