Can I retire at age 55 with 555,000?

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 $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%18.3%
1 years$45,831$45,423$45,025$44,636$44,256$42,771
2 years$22,689$22,266$21,857$21,460$21,075$19,593
3 years$14,976$14,551$14,143$13,749$13,371$11,939
4 years$11,120$10,697$10,292$9,906$9,536$8,165
5 years$8,807$8,386$7,987$7,609$7,249$5,943
6 years$7,265$6,848$6,455$6,085$5,736$4,496
7 years$6,165$5,751$5,364$5,002$4,665$3,490
8 years$5,340$4,930$4,549$4,196$3,870$2,760
9 years$4,698$4,292$3,918$3,574$3,259$2,212
10 years$4,186$3,783$3,416$3,081$2,777$1,792
11 years$3,766$3,368$3,007$2,682$2,388$1,463
12 years$3,417$3,023$2,669$2,352$2,070$1,202
13 years$3,122$2,732$2,385$2,077$1,805$992
14 years$2,869$2,483$2,143$1,843$1,582$823
15 years$2,650$2,268$1,934$1,644$1,393$684
16 years$2,459$2,081$1,754$1,472$1,231$571
17 years$2,290$1,917$1,596$1,323$1,092$477
18 years$2,140$1,771$1,457$1,192$971$399
19 years$2,007$1,642$1,334$1,077$865$335
20 years$1,886$1,525$1,224$975$773$281
21 years$1,778$1,421$1,126$885$691$237
22 years$1,679$1,326$1,038$805$620$199
23 years$1,589$1,240$958$733$556$168
24 years$1,507$1,162$886$669$500$141
25 years$1,431$1,091$821$611$450$119
26 years$1,361$1,025$761$558$405$100
27 years$1,297$965$707$511$365$85
28 years$1,237$909$657$468$330$71
29 years$1,181$858$611$429$298$60
30 years$1,130$810$570$394$269$51
31 years$1,081$766$531$362$243$43
32 years$1,036$724$495$333$220$36
33 years$994$686$463$306$199$31
34 years$954$650$432$281$180$26
35 years$917$617$404$259$163$22
36 years$881$585$378$239$148$19
37 years$848$556$354$220$134$16
38 years$817$528$331$203$122$13
39 years$787$502$310$187$110$11
40 years$759$478$291$172$100$9
41 years$732$455$273$159$91$8
42 years$707$433$256$147$82$7
43 years$682$413$240$135$75$6
44 years$659$394$225$125$68$5
45 years$637$375$212$115$62$4
46 years$617$358$199$107$56$3
47 years$597$342$187$99$51$3
48 years$578$326$175$91$46$2
49 years$559$311$165$84$42$2
50 years$542$298$155$78$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $555,000, adding $2,778 every year, while hoping to spend $36,370 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: 70/12/18 Blend
54$555,000$555,000$555,000$555,000
55$614,476$585,061$576,458$654,654
56$638,455$575,031$557,072$671,745
57$663,661$563,291$535,817$685,858
58$690,180$549,719$512,594$700,392
59$718,108$534,184$487,295$715,381
60$747,546$516,551$459,811$730,869
61$778,608$496,673$430,026$746,902
62$811,414$474,398$397,820$763,531
63$846,098$449,564$363,067$780,818
64$882,805$421,998$325,635$798,826
65$921,694$391,518$285,386$817,631
66$962,938$357,934$242,178$837,316
67$1,006,728$321,043$195,861$857,973
68$1,053,269$280,628$146,277$879,706
69$1,102,788$236,465$93,263$902,632
70$1,155,534$188,314$36,650$926,879
71$1,211,779$135,922$0$952,593
72$1,271,820$79,021$0$984,500
73$1,335,983$17,330$0$1,026,024
74$1,404,625$0$0$1,070,356
75$1,478,138$0$0$1,124,289
76$1,556,952$0$0$1,184,584
77$1,641,538$0$0$1,249,315
78$1,732,415$0$0$1,318,883
79$1,830,149$0$0$1,393,724
80$1,935,364$0$0$1,474,318
81$2,048,746$0$0$1,561,194
82$2,171,045$0$0$1,654,931
83$2,303,089$0$0$1,756,165
84$2,445,785$0$0$1,865,597
85$2,600,131$0$0$1,983,996
86$2,767,225$0$0$2,112,207
87$2,948,270$0$0$2,251,159
88$3,144,595$0$0$2,401,875
89$3,357,656$0$0$2,565,478
90$3,589,057$0$0$2,743,205
91$3,840,561$0$0$2,936,416
92$4,114,110$0$0$3,146,607
93$4,411,839$0$0$3,375,423
94$4,736,095$0$0$3,624,677
95$5,089,464$0$0$3,896,360
96$5,474,791$0$0$4,192,667
97$5,895,206$0$0$4,516,012
98$6,354,157$0$0$4,869,053
99$6,855,436$0$0$5,254,715
100$7,403,220$0$0$5,676,218