Can I retire at age 55 with 559,000?

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 $559,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$46,162$45,751$45,349$44,958$44,575$43,658
2 years$22,852$22,427$22,014$21,614$21,226$20,306
3 years$15,084$14,656$14,245$13,849$13,467$12,572
4 years$11,200$10,774$10,366$9,977$9,605$8,743
5 years$8,870$8,447$8,045$7,663$7,301$6,475
6 years$7,318$6,897$6,501$6,128$5,777$4,987
7 years$6,209$5,792$5,403$5,039$4,698$3,945
8 years$5,378$4,965$4,582$4,227$3,898$3,180
9 years$4,732$4,323$3,946$3,600$3,283$2,601
10 years$4,216$3,811$3,441$3,103$2,797$2,150
11 years$3,793$3,392$3,029$2,701$2,405$1,793
12 years$3,442$3,045$2,688$2,369$2,084$1,505
13 years$3,144$2,752$2,402$2,092$1,818$1,271
14 years$2,890$2,501$2,158$1,857$1,593$1,078
15 years$2,669$2,285$1,948$1,656$1,403$918
16 years$2,477$2,096$1,766$1,483$1,240$784
17 years$2,307$1,931$1,607$1,332$1,099$671
18 years$2,156$1,784$1,467$1,200$978$576
19 years$2,021$1,653$1,343$1,085$871$495
20 years$1,900$1,536$1,233$982$778$426
21 years$1,790$1,431$1,134$892$696$367
22 years$1,691$1,336$1,045$811$624$317
23 years$1,600$1,249$965$738$560$274
24 years$1,517$1,171$892$673$504$237
25 years$1,441$1,099$827$615$453$205
26 years$1,371$1,032$767$562$408$178
27 years$1,306$972$712$515$368$154
28 years$1,246$916$662$472$332$133
29 years$1,190$864$616$432$300$116
30 years$1,138$816$574$397$271$100
31 years$1,089$771$535$364$245$87
32 years$1,044$730$499$335$222$76
33 years$1,001$691$466$308$201$66
34 years$961$655$435$283$182$57
35 years$923$621$407$261$164$50
36 years$888$590$381$240$149$43
37 years$854$560$356$221$135$37
38 years$823$532$334$204$122$32
39 years$793$506$313$188$111$28
40 years$764$481$293$174$101$25
41 years$737$458$275$160$91$21
42 years$712$436$258$148$83$19
43 years$687$416$242$136$75$16
44 years$664$396$227$126$68$14
45 years$642$378$213$116$62$12
46 years$621$361$200$107$56$11
47 years$601$344$188$99$51$9
48 years$582$329$177$92$46$8
49 years$563$314$166$85$42$7
50 years$546$300$156$78$38$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $559,000, adding $5,692 every year, while hoping to spend $45,311 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: 58/15/27 Blend
54$559,000$559,000$559,000$559,000
55$621,889$592,262$583,598$653,086
56$637,111$573,073$554,938$655,884
57$652,368$551,424$523,799$653,655
58$667,613$527,148$490,051$650,280
59$682,799$500,067$453,556$645,663
60$697,866$469,992$414,172$639,697
61$712,751$436,724$371,749$632,269
62$727,381$400,053$326,132$623,254
63$741,673$359,756$277,157$612,521
64$755,537$315,597$224,655$599,926
65$768,869$267,328$168,448$585,314
66$781,553$214,686$108,350$568,520
67$793,460$157,394$44,169$549,362
68$804,445$95,159$0$527,647
69$814,347$27,671$0$510,170
70$822,987$0$0$503,733
71$830,164$0$0$502,907
72$835,654$0$0$505,543
73$839,210$0$0$506,916
74$840,556$0$0$506,848
75$839,385$0$0$505,142
76$835,358$0$0$501,580
77$828,095$0$0$495,919
78$817,179$0$0$487,891
79$802,145$0$0$477,197
80$782,478$0$0$463,509
81$757,609$0$0$446,460
82$726,905$0$0$425,646
83$689,669$0$0$400,618
84$645,125$0$0$370,882
85$592,420$0$0$335,888
86$530,605$0$0$295,032
87$458,634$0$0$247,642
88$375,351$0$0$192,977
89$279,475$0$0$130,219
90$169,595$0$0$58,463
91$44,147$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$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