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%13.2%
1 years$46,079$45,669$45,268$44,877$44,496$43,903
2 years$22,811$22,387$21,975$21,576$21,188$20,593
3 years$15,057$14,630$14,219$13,824$13,443$12,862
4 years$11,180$10,755$10,348$9,959$9,588$9,026
5 years$8,854$8,432$8,030$7,650$7,288$6,748
6 years$7,305$6,885$6,490$6,117$5,767$5,249
7 years$6,198$5,782$5,393$5,030$4,690$4,194
8 years$5,369$4,956$4,574$4,219$3,891$3,416
9 years$4,724$4,315$3,939$3,594$3,277$2,824
10 years$4,208$3,804$3,434$3,098$2,792$2,360
11 years$3,787$3,386$3,024$2,696$2,401$1,991
12 years$3,436$3,039$2,683$2,365$2,081$1,691
13 years$3,139$2,747$2,397$2,088$1,814$1,445
14 years$2,885$2,497$2,154$1,853$1,591$1,240
15 years$2,665$2,281$1,945$1,653$1,400$1,069
16 years$2,472$2,093$1,763$1,480$1,238$924
17 years$2,303$1,927$1,605$1,330$1,097$802
18 years$2,152$1,781$1,465$1,198$976$697
19 years$2,017$1,650$1,341$1,083$870$607
20 years$1,896$1,534$1,231$981$777$530
21 years$1,787$1,429$1,132$890$695$463
22 years$1,688$1,333$1,043$809$623$405
23 years$1,597$1,247$963$737$559$355
24 years$1,515$1,169$891$672$503$312
25 years$1,439$1,097$825$614$452$273
26 years$1,369$1,031$765$561$408$240
27 years$1,304$970$711$514$367$211
28 years$1,244$914$661$471$332$186
29 years$1,188$862$615$432$299$164
30 years$1,136$814$573$396$271$144
31 years$1,087$770$534$364$245$127
32 years$1,042$728$498$334$221$112
33 years$999$690$465$307$200$99
34 years$959$654$435$283$181$87
35 years$922$620$406$260$164$77
36 years$886$589$380$240$149$68
37 years$853$559$356$221$135$60
38 years$821$531$333$204$122$53
39 years$791$505$312$188$111$46
40 years$763$481$293$173$101$41
41 years$736$457$274$160$91$36
42 years$710$436$257$148$83$32
43 years$686$415$241$136$75$28
44 years$663$396$227$126$68$25
45 years$641$377$213$116$62$22
46 years$620$360$200$107$56$19
47 years$600$344$188$99$51$17
48 years$581$328$176$92$46$15
49 years$562$313$166$85$42$13
50 years$545$299$156$78$38$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $558,000, adding $3,863 every year, while hoping to spend $44,291 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: 64/26/10 Blend
54$558,000$558,000$558,000$558,000
55$618,901$589,327$580,678$656,920
56$634,903$571,078$553,005$664,528
57$651,054$550,452$522,921$667,305
58$667,320$527,283$490,298$669,211
59$683,667$501,399$455,003$670,161
60$700,051$472,618$416,896$670,061
61$716,426$440,746$375,832$668,810
62$732,738$405,579$331,658$666,299
63$748,926$366,901$284,217$662,409
64$764,920$324,483$233,343$657,013
65$780,644$278,085$178,861$649,972
66$796,008$227,450$120,592$641,136
67$810,916$172,310$58,347$630,343
68$825,257$112,380$0$617,417
69$838,906$47,360$0$603,031
70$851,726$0$0$592,815
71$863,562$0$0$586,937
72$874,242$0$0$593,773
73$883,573$0$0$599,635
74$891,340$0$0$604,372
75$897,306$0$0$607,815
76$901,204$0$0$609,776
77$902,739$0$0$610,045
78$901,584$0$0$608,391
79$897,374$0$0$604,556
80$889,705$0$0$598,255
81$878,130$0$0$589,170
82$862,150$0$0$576,950
83$841,215$0$0$561,205
84$814,716$0$0$541,505
85$781,976$0$0$517,372
86$742,248$0$0$488,277
87$694,704$0$0$453,635
88$638,427$0$0$412,800
89$572,406$0$0$365,056
90$495,519$0$0$309,612
91$406,529$0$0$245,594
92$304,067$0$0$172,033
93$186,619$0$0$87,864
94$52,516$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0