Can I retire at age 55 with 557,000?

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 $557,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$45,997$45,587$45,187$44,797$44,416$43,644
2 years$22,771$22,346$21,935$21,537$21,150$20,375
3 years$15,030$14,604$14,194$13,799$13,419$12,665
4 years$11,160$10,735$10,329$9,941$9,570$8,843
5 years$8,839$8,417$8,016$7,636$7,275$6,577
6 years$7,292$6,873$6,478$6,107$5,757$5,087
7 years$6,187$5,772$5,383$5,021$4,682$4,042
8 years$5,359$4,947$4,566$4,212$3,884$3,274
9 years$4,715$4,308$3,932$3,587$3,271$2,690
10 years$4,201$3,797$3,428$3,092$2,787$2,235
11 years$3,780$3,380$3,018$2,691$2,397$1,873
12 years$3,429$3,034$2,679$2,361$2,077$1,581
13 years$3,133$2,742$2,393$2,084$1,811$1,342
14 years$2,879$2,492$2,150$1,850$1,588$1,144
15 years$2,660$2,277$1,941$1,650$1,398$979
16 years$2,468$2,089$1,760$1,477$1,236$841
17 years$2,298$1,924$1,602$1,327$1,095$724
18 years$2,148$1,778$1,462$1,196$974$625
19 years$2,014$1,647$1,338$1,081$868$541
20 years$1,893$1,531$1,228$979$775$468
21 years$1,784$1,426$1,130$888$694$406
22 years$1,685$1,331$1,041$808$622$353
23 years$1,595$1,245$962$736$558$307
24 years$1,512$1,166$889$671$502$267
25 years$1,436$1,095$824$613$452$233
26 years$1,366$1,029$764$560$407$203
27 years$1,301$968$709$513$367$177
28 years$1,241$912$659$470$331$154
29 years$1,186$861$614$431$299$135
30 years$1,134$813$572$395$270$118
31 years$1,085$768$533$363$244$103
32 years$1,040$727$497$334$221$90
33 years$998$689$464$307$200$78
34 years$958$653$434$282$181$69
35 years$920$619$406$260$164$60
36 years$885$587$379$239$148$52
37 years$851$558$355$221$135$46
38 years$820$530$332$203$122$40
39 years$790$504$312$187$111$35
40 years$762$480$292$173$100$31
41 years$735$457$274$160$91$27
42 years$709$435$257$147$83$24
43 years$685$414$241$136$75$21
44 years$662$395$226$125$68$18
45 years$640$377$212$116$62$16
46 years$619$359$199$107$56$14
47 years$599$343$187$99$51$12
48 years$580$327$176$91$46$11
49 years$561$313$166$84$42$9
50 years$544$299$156$78$38$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $557,000, adding $4,592 every year, while hoping to spend $28,981 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: 38/43/19 Blend
54$557,000$557,000$557,000$557,000
55$618,551$589,030$580,396$638,374
56$650,807$587,057$569,004$651,109
57$685,383$584,015$556,259$661,778
58$722,483$579,823$542,084$672,706
59$762,334$574,392$526,402$683,933
60$805,184$567,629$509,128$695,505
61$851,305$559,435$490,176$707,474
62$900,995$549,705$469,455$719,900
63$954,585$538,329$446,869$732,852
64$1,012,433$525,188$422,321$746,408
65$1,074,938$510,158$395,704$760,659
66$1,142,534$493,108$366,913$775,706
67$1,215,700$473,898$335,832$791,664
68$1,294,962$452,381$302,344$808,665
69$1,380,901$428,399$266,324$826,856
70$1,474,151$401,789$227,645$846,403
71$1,575,413$372,376$186,170$867,495
72$1,685,458$339,975$141,759$890,344
73$1,805,132$304,391$94,264$915,187
74$1,935,366$265,417$43,534$942,291
75$2,077,187$222,836$0$971,957
76$2,231,723$176,418$0$1,006,670
77$2,400,216$125,919$0$1,054,214
78$2,584,031$71,083$0$1,106,211
79$2,784,675$11,638$0$1,163,168
80$3,003,801$0$0$1,225,650
81$3,243,234$0$0$1,319,220
82$3,504,980$0$0$1,427,603
83$3,791,248$0$0$1,546,216
84$4,104,472$0$0$1,676,077
85$4,447,330$0$0$1,818,307
86$4,822,771$0$0$1,974,139
87$5,234,045$0$0$2,144,932
88$5,684,728$0$0$2,332,184
89$6,178,761$0$0$2,537,542
90$6,720,482$0$0$2,762,822
91$7,314,670$0$0$3,010,024
92$7,966,590$0$0$3,281,350
93$8,682,038$0$0$3,579,227
94$9,467,403$0$0$3,906,327
95$10,329,718$0$0$4,265,596
96$11,276,734$0$0$4,660,276
97$12,316,987$0$0$5,093,940
98$13,459,881$0$0$5,570,525
99$14,715,777$0$0$6,094,367
100$16,096,089$0$0$6,670,244