Can I retire at age 55 with 558,000?

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 $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%11.6%
1 years$46,079$45,669$45,268$44,877$44,496$44,197
2 years$22,811$22,387$21,975$21,576$21,188$20,887
3 years$15,057$14,630$14,219$13,824$13,443$13,148
4 years$11,180$10,755$10,348$9,959$9,588$9,302
5 years$8,854$8,432$8,030$7,650$7,288$7,013
6 years$7,305$6,885$6,490$6,117$5,767$5,501
7 years$6,198$5,782$5,393$5,030$4,690$4,435
8 years$5,369$4,956$4,574$4,219$3,891$3,646
9 years$4,724$4,315$3,939$3,594$3,277$3,042
10 years$4,208$3,804$3,434$3,098$2,792$2,568
11 years$3,787$3,386$3,024$2,696$2,401$2,187
12 years$3,436$3,039$2,683$2,365$2,081$1,876
13 years$3,139$2,747$2,397$2,088$1,814$1,620
14 years$2,885$2,497$2,154$1,853$1,591$1,405
15 years$2,665$2,281$1,945$1,653$1,400$1,224
16 years$2,472$2,093$1,763$1,480$1,238$1,070
17 years$2,303$1,927$1,605$1,330$1,097$939
18 years$2,152$1,781$1,465$1,198$976$826
19 years$2,017$1,650$1,341$1,083$870$728
20 years$1,896$1,534$1,231$981$777$642
21 years$1,787$1,429$1,132$890$695$568
22 years$1,688$1,333$1,043$809$623$503
23 years$1,597$1,247$963$737$559$447
24 years$1,515$1,169$891$672$503$397
25 years$1,439$1,097$825$614$452$352
26 years$1,369$1,031$765$561$408$314
27 years$1,304$970$711$514$367$279
28 years$1,244$914$661$471$332$249
29 years$1,188$862$615$432$299$222
30 years$1,136$814$573$396$271$198
31 years$1,087$770$534$364$245$177
32 years$1,042$728$498$334$221$158
33 years$999$690$465$307$200$141
34 years$959$654$435$283$181$126
35 years$922$620$406$260$164$112
36 years$886$589$380$240$149$101
37 years$853$559$356$221$135$90
38 years$821$531$333$204$122$80
39 years$791$505$312$188$111$72
40 years$763$481$293$173$101$64
41 years$736$457$274$160$91$58
42 years$710$436$257$148$83$52
43 years$686$415$241$136$75$46
44 years$663$396$227$126$68$41
45 years$641$377$213$116$62$37
46 years$620$360$200$107$56$33
47 years$600$344$188$99$51$30
48 years$581$328$176$92$46$27
49 years$562$313$166$85$42$24
50 years$545$299$156$78$38$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $558,000, adding $2,062 every year, while hoping to spend $40,203 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: 54/32/14 Blend
54$558,000$558,000$558,000$558,000
55$617,043$587,469$578,820$647,980
56$637,206$573,479$555,435$655,287
57$658,078$557,457$529,919$658,739
58$679,688$539,259$502,158$661,579
59$702,070$518,736$472,034$663,758
60$725,256$495,729$439,421$665,225
61$749,281$470,068$404,191$665,926
62$774,183$441,577$366,207$665,804
63$800,003$410,067$325,328$664,799
64$826,781$375,339$281,405$662,848
65$854,565$337,183$234,283$659,885
66$883,401$295,375$183,802$655,841
67$913,340$249,681$129,793$650,643
68$944,439$199,853$72,078$644,215
69$976,754$145,629$10,476$636,478
70$1,010,350$86,731$0$627,347
71$1,045,291$22,867$0$624,992
72$1,081,652$0$0$623,272
73$1,119,508$0$0$636,851
74$1,158,942$0$0$659,393
75$1,200,044$0$0$682,898
76$1,242,909$0$0$707,423
77$1,287,641$0$0$733,028
78$1,334,351$0$0$759,778
79$1,383,160$0$0$787,743
80$1,434,197$0$0$817,001
81$1,487,604$0$0$847,634
82$1,543,533$0$0$879,731
83$1,602,148$0$0$913,390
84$1,663,630$0$0$948,716
85$1,728,171$0$0$985,823
86$1,795,983$0$0$1,024,836
87$1,867,296$0$0$1,065,889
88$1,942,359$0$0$1,109,130
89$2,021,442$0$0$1,154,719
90$2,104,843$0$0$1,202,831
91$2,192,882$0$0$1,253,656
92$2,285,913$0$0$1,307,401
93$2,384,316$0$0$1,364,292
94$2,488,513$0$0$1,424,578
95$2,598,958$0$0$1,488,529
96$2,716,152$0$0$1,556,441
97$2,840,642$0$0$1,628,635
98$2,973,024$0$0$1,705,467
99$3,113,951$0$0$1,787,323
100$3,264,140$0$0$1,874,627