Can I retire at age 55 with 560,000?

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 $560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$46,244$45,832$45,430$45,038$44,655$44,281
2 years$22,893$22,467$22,054$21,653$21,264$20,887
3 years$15,111$14,682$14,270$13,873$13,491$13,123
4 years$11,220$10,793$10,385$9,995$9,622$9,265
5 years$8,886$8,462$8,059$7,677$7,314$6,970
6 years$7,331$6,910$6,513$6,139$5,788$5,457
7 years$6,220$5,803$5,412$5,048$4,707$4,389
8 years$5,388$4,974$4,590$4,234$3,905$3,600
9 years$4,741$4,331$3,953$3,607$3,288$2,997
10 years$4,223$3,817$3,447$3,109$2,802$2,523
11 years$3,800$3,398$3,034$2,706$2,410$2,144
12 years$3,448$3,050$2,693$2,373$2,088$1,835
13 years$3,150$2,757$2,406$2,095$1,821$1,580
14 years$2,895$2,506$2,162$1,860$1,596$1,367
15 years$2,674$2,289$1,952$1,659$1,405$1,188
16 years$2,481$2,100$1,770$1,485$1,242$1,036
17 years$2,311$1,934$1,610$1,334$1,101$906
18 years$2,160$1,787$1,470$1,203$979$794
19 years$2,025$1,656$1,346$1,087$873$698
20 years$1,903$1,539$1,235$984$780$615
21 years$1,794$1,434$1,136$893$698$542
22 years$1,694$1,338$1,047$812$625$479
23 years$1,603$1,252$967$740$561$423
24 years$1,520$1,173$894$675$505$375
25 years$1,444$1,101$828$616$454$332
26 years$1,373$1,034$768$563$409$295
27 years$1,308$973$713$516$369$261
28 years$1,248$917$663$472$333$232
29 years$1,192$865$617$433$300$206
30 years$1,140$817$575$398$271$183
31 years$1,091$773$536$365$245$163
32 years$1,046$731$500$336$222$145
33 years$1,003$692$467$309$201$129
34 years$963$656$436$284$182$115
35 years$925$622$408$261$165$103
36 years$889$591$381$241$149$91
37 years$856$561$357$222$135$81
38 years$824$533$334$204$123$73
39 years$794$507$313$188$111$65
40 years$766$482$294$174$101$58
41 years$739$459$275$160$92$51
42 years$713$437$258$148$83$46
43 years$689$417$242$137$75$41
44 years$665$397$227$126$68$37
45 years$643$379$214$117$62$33
46 years$622$361$201$108$56$29
47 years$602$345$188$99$51$26
48 years$583$329$177$92$47$23
49 years$564$314$166$85$42$21
50 years$547$300$156$78$38$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $560,000, adding $4,361 every year, while hoping to spend $26,721 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: 27/44/29 Blend
54$560,000$560,000$560,000$560,000
55$621,618$591,938$583,258$632,718
56$656,593$592,512$574,367$642,661
57$694,238$592,219$564,281$650,757
58$734,800$590,987$552,934$658,911
59$778,547$588,743$540,255$667,147
60$825,773$585,405$526,167$675,493
61$876,801$580,890$510,594$683,984
62$931,990$575,108$493,453$692,660
63$991,728$567,964$474,659$701,568
64$1,056,447$559,357$454,123$710,762
65$1,126,620$549,180$431,751$720,307
66$1,202,766$537,321$407,446$730,275
67$1,285,458$523,660$381,105$740,750
68$1,375,325$508,069$352,622$751,831
69$1,473,059$490,415$321,886$763,627
70$1,579,421$470,556$288,780$776,264
71$1,695,250$448,341$253,182$789,886
72$1,821,468$423,612$214,965$804,657
73$1,959,088$396,200$173,998$820,760
74$2,109,229$365,927$130,140$838,405
75$2,273,119$332,606$83,248$857,827
76$2,452,111$296,038$33,171$879,292
77$2,647,695$256,013$0$903,099
78$2,861,511$212,308$0$935,857
79$3,095,365$164,691$0$983,032
80$3,351,243$112,912$0$1,034,827
81$3,631,336$56,711$0$1,091,772
82$3,938,055$0$0$1,154,456
83$4,274,052$0$0$1,225,561
84$4,642,252$0$0$1,333,662
85$5,045,874$0$0$1,452,256
86$5,488,465$0$0$1,582,398
87$5,973,928$0$0$1,725,248
88$6,506,567$0$0$1,882,084
89$7,091,119$0$0$2,054,314
90$7,732,803$0$0$2,243,490
91$8,437,368$0$0$2,451,321
92$9,211,146$0$0$2,679,688
93$10,061,115$0$0$2,930,666
94$10,994,960$0$0$3,206,540
95$12,021,146$0$0$3,509,828
96$13,149,001$0$0$3,843,301
97$14,388,801$0$0$4,210,016
98$15,751,867$0$0$4,613,339
99$17,250,671$0$0$5,056,978
100$18,898,954$0$0$5,545,021