Can I retire at age 55 with 558,000?

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 $558,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$46,079$45,669$45,268$44,877$44,496$43,123
2 years$22,811$22,387$21,975$21,576$21,188$19,818
3 years$15,057$14,630$14,219$13,824$13,443$12,117
4 years$11,180$10,755$10,348$9,959$9,588$8,316
5 years$8,854$8,432$8,030$7,650$7,288$6,075
6 years$7,305$6,885$6,490$6,117$5,767$4,613
7 years$6,198$5,782$5,393$5,030$4,690$3,596
8 years$5,369$4,956$4,574$4,219$3,891$2,855
9 years$4,724$4,315$3,939$3,594$3,277$2,299
10 years$4,208$3,804$3,434$3,098$2,792$1,870
11 years$3,787$3,386$3,024$2,696$2,401$1,533
12 years$3,436$3,039$2,683$2,365$2,081$1,266
13 years$3,139$2,747$2,397$2,088$1,814$1,050
14 years$2,885$2,497$2,154$1,853$1,591$875
15 years$2,665$2,281$1,945$1,653$1,400$731
16 years$2,472$2,093$1,763$1,480$1,238$613
17 years$2,303$1,927$1,605$1,330$1,097$515
18 years$2,152$1,781$1,465$1,198$976$434
19 years$2,017$1,650$1,341$1,083$870$366
20 years$1,896$1,534$1,231$981$777$309
21 years$1,787$1,429$1,132$890$695$261
22 years$1,688$1,333$1,043$809$623$221
23 years$1,597$1,247$963$737$559$187
24 years$1,515$1,169$891$672$503$158
25 years$1,439$1,097$825$614$452$134
26 years$1,369$1,031$765$561$408$114
27 years$1,304$970$711$514$367$97
28 years$1,244$914$661$471$332$82
29 years$1,188$862$615$432$299$70
30 years$1,136$814$573$396$271$59
31 years$1,087$770$534$364$245$50
32 years$1,042$728$498$334$221$43
33 years$999$690$465$307$200$36
34 years$959$654$435$283$181$31
35 years$922$620$406$260$164$26
36 years$886$589$380$240$149$22
37 years$853$559$356$221$135$19
38 years$821$531$333$204$122$16
39 years$791$505$312$188$111$14
40 years$763$481$293$173$101$12
41 years$736$457$274$160$91$10
42 years$710$436$257$148$83$8
43 years$686$415$241$136$75$7
44 years$663$396$227$126$68$6
45 years$641$377$213$116$62$5
46 years$620$360$200$107$56$4
47 years$600$344$188$99$51$4
48 years$581$328$176$92$46$3
49 years$562$313$166$85$42$3
50 years$545$299$156$78$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $558,000, adding $4,006 every year, while hoping to spend $35,246 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: 75/14/11 Blend
54$558,000$558,000$558,000$558,000
55$619,048$589,474$580,825$663,885
56$644,690$580,857$562,781$685,385
57$671,765$570,636$542,952$704,110
58$700,384$558,696$521,239$723,648
59$730,665$544,914$497,543$744,066
60$762,738$529,160$471,756$765,443
61$796,745$511,297$443,768$787,861
62$832,842$491,179$413,462$811,415
63$871,198$468,653$380,719$836,209
64$911,998$443,555$345,411$862,358
65$955,446$415,713$307,406$889,990
66$1,001,763$384,945$266,567$919,246
67$1,051,195$351,059$222,748$950,284
68$1,104,007$313,851$175,800$983,276
69$1,160,491$273,105$125,566$1,018,415
70$1,220,970$228,596$71,880$1,055,914
71$1,285,793$180,082$14,573$1,096,009
72$1,355,347$127,309$0$1,138,963
73$1,430,056$70,010$0$1,190,531
74$1,510,384$7,903$0$1,247,747
75$1,596,840$0$0$1,309,277
76$1,689,986$0$0$1,384,675
77$1,790,436$0$0$1,467,315
78$1,898,866$0$0$1,556,540
79$2,016,018$0$0$1,652,961
80$2,142,710$0$0$1,757,253
81$2,279,837$0$0$1,870,158
82$2,428,387$0$0$1,992,489
83$2,589,442$0$0$2,125,142
84$2,764,196$0$0$2,269,103
85$2,953,960$0$0$2,425,454
86$3,160,176$0$0$2,595,388
87$3,384,431$0$0$2,780,215
88$3,628,470$0$0$2,981,377
89$3,894,215$0$0$3,200,462
90$4,183,777$0$0$3,439,215
91$4,499,485$0$0$3,699,559
92$4,843,896$0$0$3,983,608
93$5,219,830$0$0$4,293,692
94$5,630,388$0$0$4,632,372
95$6,078,984$0$0$5,002,471
96$6,569,377$0$0$5,407,093
97$7,105,705$0$0$5,849,660
98$7,692,526$0$0$6,333,937
99$8,334,857$0$0$6,864,069
100$9,038,223$0$0$7,444,624