Can I retire at age 55 with 563,000?

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 $563,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$46,492$46,078$45,674$45,279$44,894$44,024
2 years$23,016$22,587$22,172$21,769$21,378$20,505
3 years$15,191$14,761$14,347$13,948$13,563$12,714
4 years$11,280$10,851$10,441$10,048$9,673$8,855
5 years$8,934$8,507$8,102$7,718$7,354$6,568
6 years$7,370$6,947$6,548$6,172$5,819$5,067
7 years$6,254$5,834$5,441$5,075$4,732$4,015
8 years$5,417$5,001$4,615$4,257$3,926$3,243
9 years$4,766$4,354$3,975$3,626$3,306$2,656
10 years$4,246$3,838$3,465$3,126$2,817$2,200
11 years$3,821$3,417$3,051$2,720$2,423$1,838
12 years$3,466$3,067$2,707$2,386$2,099$1,546
13 years$3,167$2,771$2,419$2,106$1,831$1,308
14 years$2,910$2,519$2,173$1,870$1,605$1,112
15 years$2,688$2,301$1,962$1,668$1,413$948
16 years$2,494$2,111$1,779$1,493$1,249$812
17 years$2,323$1,944$1,619$1,342$1,107$696
18 years$2,171$1,797$1,478$1,209$985$599
19 years$2,036$1,665$1,353$1,092$878$516
20 years$1,913$1,547$1,242$989$784$445
21 years$1,803$1,441$1,142$898$701$385
22 years$1,703$1,345$1,053$816$629$333
23 years$1,612$1,258$972$744$564$288
24 years$1,528$1,179$899$678$507$250
25 years$1,452$1,106$832$619$456$217
26 years$1,381$1,040$772$566$411$188
27 years$1,315$979$717$518$371$164
28 years$1,255$922$666$475$335$142
29 years$1,198$870$620$436$302$124
30 years$1,146$822$578$400$273$107
31 years$1,097$777$539$367$247$93
32 years$1,051$735$503$337$223$81
33 years$1,008$696$469$310$202$71
34 years$968$660$438$285$183$62
35 years$930$626$410$263$166$54
36 years$894$594$383$242$150$47
37 years$860$564$359$223$136$41
38 years$829$536$336$206$123$35
39 years$798$510$315$190$112$31
40 years$770$485$295$175$101$27
41 years$743$462$277$161$92$23
42 years$717$440$260$149$84$20
43 years$692$419$244$137$76$18
44 years$669$399$229$127$69$16
45 years$647$381$215$117$62$14
46 years$625$363$202$108$57$12
47 years$605$347$189$100$51$10
48 years$586$331$178$92$47$9
49 years$567$316$167$85$42$8
50 years$550$302$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 $563,000, adding $5,375 every year, while hoping to spend $25,607 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: 35/39/26 Blend
54$563,000$563,000$563,000$563,000
55$625,970$596,131$587,405$642,809
56$662,574$598,096$579,837$657,780
57$702,052$599,299$571,158$671,222
58$744,672$599,675$561,303$685,222
59$790,727$599,157$550,204$699,849
60$840,537$597,672$537,791$715,178
61$894,455$595,142$523,992$731,293
62$952,872$591,486$508,727$748,290
63$1,016,213$586,617$491,918$766,278
64$1,084,949$580,443$473,479$785,376
65$1,159,595$572,866$453,322$805,721
66$1,240,721$563,784$431,356$827,466
67$1,328,952$553,087$407,484$850,779
68$1,424,975$540,658$381,604$875,853
69$1,529,547$526,375$353,613$902,901
70$1,643,501$510,107$323,399$932,161
71$1,767,754$491,718$290,848$963,899
72$1,903,314$471,061$255,840$998,413
73$2,051,291$447,982$218,250$1,036,035
74$2,212,907$422,318$177,947$1,077,134
75$2,389,509$393,897$134,793$1,122,121
76$2,582,577$362,536$88,647$1,171,455
77$2,793,742$328,043$39,358$1,225,647
78$3,024,800$290,213$0$1,285,264
79$3,277,728$248,831$0$1,354,610
80$3,554,703$203,671$0$1,442,604
81$3,858,122$154,491$0$1,539,142
82$4,190,627$101,037$0$1,645,139
83$4,555,125$43,042$0$1,761,605
84$4,954,820$0$0$1,889,660
85$5,393,237$0$0$2,039,030
86$5,874,264$0$0$2,223,266
87$6,402,179$0$0$2,425,546
88$6,981,698$0$0$2,647,687
89$7,618,011$0$0$2,891,691
90$8,316,840$0$0$3,159,762
91$9,084,486$0$0$3,454,330
92$9,927,891$0$0$3,778,070
93$10,854,702$0$0$4,133,931
94$11,873,344$0$0$4,525,160
95$12,993,099$0$0$4,955,336
96$14,224,191$0$0$5,428,402
97$15,577,888$0$0$5,948,699
98$17,066,601$0$0$6,521,016
99$18,704,006$0$0$7,150,623
100$20,505,168$0$0$7,843,331