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%14.5%
1 years$46,409$45,996$45,593$45,199$44,815$43,982
2 years$22,975$22,547$22,132$21,730$21,340$20,504
3 years$15,164$14,735$14,321$13,923$13,539$12,726
4 years$11,260$10,832$10,422$10,031$9,656$8,872
5 years$8,918$8,492$8,088$7,704$7,341$6,588
6 years$7,357$6,934$6,536$6,161$5,808$5,088
7 years$6,243$5,824$5,432$5,066$4,724$4,036
8 years$5,407$4,992$4,607$4,249$3,919$3,263
9 years$4,758$4,346$3,968$3,620$3,300$2,677
10 years$4,238$3,831$3,459$3,120$2,812$2,220
11 years$3,814$3,411$3,045$2,715$2,418$1,857
12 years$3,460$3,061$2,703$2,382$2,096$1,564
13 years$3,161$2,766$2,415$2,103$1,827$1,325
14 years$2,905$2,515$2,170$1,867$1,602$1,127
15 years$2,684$2,297$1,959$1,665$1,410$963
16 years$2,490$2,108$1,776$1,491$1,247$825
17 years$2,319$1,941$1,616$1,339$1,105$709
18 years$2,167$1,794$1,475$1,207$983$611
19 years$2,032$1,662$1,350$1,091$876$527
20 years$1,910$1,545$1,239$988$782$456
21 years$1,800$1,439$1,140$896$700$394
22 years$1,700$1,343$1,051$815$628$342
23 years$1,609$1,256$970$742$563$296
24 years$1,526$1,177$897$677$506$257
25 years$1,449$1,104$831$618$456$224
26 years$1,378$1,038$771$565$410$194
27 years$1,313$977$716$517$370$169
28 years$1,253$921$665$474$334$147
29 years$1,196$868$619$435$302$128
30 years$1,144$820$577$399$272$112
31 years$1,095$775$538$366$246$97
32 years$1,049$734$502$337$223$85
33 years$1,006$695$468$310$202$74
34 years$966$658$438$285$183$65
35 years$928$625$409$262$165$56
36 years$893$593$383$242$150$49
37 years$859$563$358$223$136$43
38 years$827$535$335$205$123$37
39 years$797$509$314$189$112$33
40 years$768$484$295$174$101$28
41 years$741$461$276$161$92$25
42 years$716$439$259$149$83$22
43 years$691$418$243$137$76$19
44 years$668$399$228$127$69$17
45 years$646$380$214$117$62$14
46 years$624$363$201$108$57$13
47 years$604$346$189$100$51$11
48 years$585$330$178$92$47$10
49 years$566$315$167$85$42$8
50 years$549$301$157$79$39$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $562,000, adding $4,986 every year, while hoping to spend $47,154 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: 44/36/20 Blend
54$562,000$562,000$562,000$562,000
55$624,467$594,681$585,970$648,131
56$637,991$573,649$555,429$644,262
57$651,314$550,006$522,284$635,052
58$664,366$523,574$486,398$624,094
59$677,068$494,166$447,629$611,250
60$689,331$461,582$405,826$596,370
61$701,056$425,612$360,834$579,296
62$712,130$386,034$312,489$559,854
63$722,431$342,613$260,621$537,862
64$731,819$295,101$205,052$513,122
65$740,139$243,236$145,596$485,420
66$747,219$186,740$82,059$454,529
67$752,866$125,320$14,238$420,203
68$756,865$58,668$0$382,178
69$758,980$0$0$352,577
70$758,945$0$0$328,101
71$756,467$0$0$325,642
72$751,219$0$0$321,802
73$742,841$0$0$316,402
74$730,930$0$0$309,247
75$715,042$0$0$300,121
76$694,685$0$0$288,783
77$669,313$0$0$274,966
78$638,321$0$0$258,378
79$601,042$0$0$238,691
80$556,735$0$0$215,546
81$504,582$0$0$188,545
82$443,678$0$0$157,246
83$373,021$0$0$121,162
84$291,507$0$0$79,757
85$197,912$0$0$32,434
86$90,885$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$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