Can I retire at age 55 with 562,000?

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 $562,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$46,409$45,996$45,593$45,199$44,815$43,520
2 years$22,975$22,547$22,132$21,730$21,340$20,046
3 years$15,164$14,735$14,321$13,923$13,539$12,286
4 years$11,260$10,832$10,422$10,031$9,656$8,454
5 years$8,918$8,492$8,088$7,704$7,341$6,192
6 years$7,357$6,934$6,536$6,161$5,808$4,715
7 years$6,243$5,824$5,432$5,066$4,724$3,685
8 years$5,407$4,992$4,607$4,249$3,919$2,935
9 years$4,758$4,346$3,968$3,620$3,300$2,370
10 years$4,238$3,831$3,459$3,120$2,812$1,934
11 years$3,814$3,411$3,045$2,715$2,418$1,591
12 years$3,460$3,061$2,703$2,382$2,096$1,318
13 years$3,161$2,766$2,415$2,103$1,827$1,097
14 years$2,905$2,515$2,170$1,867$1,602$917
15 years$2,684$2,297$1,959$1,665$1,410$769
16 years$2,490$2,108$1,776$1,491$1,247$647
17 years$2,319$1,941$1,616$1,339$1,105$546
18 years$2,167$1,794$1,475$1,207$983$461
19 years$2,032$1,662$1,350$1,091$876$390
20 years$1,910$1,545$1,239$988$782$331
21 years$1,800$1,439$1,140$896$700$281
22 years$1,700$1,343$1,051$815$628$238
23 years$1,609$1,256$970$742$563$203
24 years$1,526$1,177$897$677$506$172
25 years$1,449$1,104$831$618$456$147
26 years$1,378$1,038$771$565$410$125
27 years$1,313$977$716$517$370$106
28 years$1,253$921$665$474$334$91
29 years$1,196$868$619$435$302$77
30 years$1,144$820$577$399$272$66
31 years$1,095$775$538$366$246$56
32 years$1,049$734$502$337$223$48
33 years$1,006$695$468$310$202$41
34 years$966$658$438$285$183$35
35 years$928$625$409$262$165$30
36 years$893$593$383$242$150$25
37 years$859$563$358$223$136$22
38 years$827$535$335$205$123$19
39 years$797$509$314$189$112$16
40 years$768$484$295$174$101$13
41 years$741$461$276$161$92$12
42 years$716$439$259$149$83$10
43 years$691$418$243$137$76$8
44 years$668$399$228$127$69$7
45 years$646$380$214$117$62$6
46 years$624$363$201$108$57$5
47 years$604$346$189$100$51$4
48 years$585$330$178$92$47$4
49 years$566$315$167$85$42$3
50 years$549$301$157$79$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $562,000, adding $5,541 every year, while hoping to spend $25,371 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: 47/24/29 Blend
54$562,000$562,000$562,000$562,000
55$625,040$595,254$586,543$648,993
56$661,799$597,426$579,197$668,648
57$701,458$598,855$570,755$687,078
58$744,284$599,477$561,154$706,599
59$790,575$599,225$550,326$727,328
60$840,653$598,027$538,202$749,396
61$894,877$595,808$524,709$772,945
62$953,639$592,487$509,771$798,135
63$1,017,371$587,979$493,308$825,147
64$1,086,546$582,193$475,238$854,176
65$1,161,688$575,035$455,472$885,444
66$1,243,370$566,401$433,920$919,196
67$1,332,224$556,185$410,487$955,702
68$1,428,945$544,273$385,072$995,264
69$1,534,297$530,542$357,573$1,038,218
70$1,649,124$514,867$327,880$1,084,933
71$1,774,349$497,111$295,879$1,135,822
72$1,910,994$477,130$261,452$1,191,342
73$2,060,180$454,774$224,475$1,251,997
74$2,223,143$429,882$184,819$1,318,349
75$2,401,241$402,284$142,348$1,391,019
76$2,595,972$371,801$96,922$1,470,696
77$2,808,985$338,243$48,392$1,558,140
78$3,042,095$301,410$0$1,654,196
79$3,297,299$261,089$0$1,760,848
80$3,576,799$217,058$0$1,894,127
81$3,883,018$169,079$0$2,040,238
82$4,218,624$116,903$0$2,200,502
83$4,586,558$60,266$0$2,376,372
84$4,990,057$0$0$2,569,455
85$5,432,686$0$0$2,781,818
86$5,918,374$0$0$3,032,367
87$6,451,445$0$0$3,307,427
88$7,036,665$0$0$3,609,464
89$7,679,284$0$0$3,941,196
90$8,385,084$0$0$4,305,617
91$9,160,435$0$0$4,706,025
92$10,012,353$0$0$5,146,054
93$10,948,570$0$0$5,629,707
94$11,977,603$0$0$6,161,393
95$13,108,834$0$0$6,745,970
96$14,352,599$0$0$7,388,792
97$15,720,289$0$0$8,095,756
98$17,224,451$0$0$8,873,360
99$18,878,909$0$0$9,728,762
100$20,698,895$0$0$10,669,850