Can I retire at age 55 with 567,000?

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 $567,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$46,822$46,405$45,998$45,601$45,213$44,556
2 years$23,179$22,748$22,329$21,924$21,530$20,869
3 years$15,299$14,866$14,449$14,047$13,660$13,016
4 years$11,360$10,928$10,515$10,120$9,742$9,120
5 years$8,997$8,568$8,160$7,773$7,406$6,808
6 years$7,423$6,996$6,594$6,216$5,860$5,286
7 years$6,298$5,875$5,480$5,111$4,766$4,217
8 years$5,455$5,036$4,647$4,287$3,954$3,429
9 years$4,800$4,385$4,003$3,652$3,330$2,830
10 years$4,276$3,865$3,490$3,148$2,837$2,361
11 years$3,848$3,441$3,072$2,740$2,440$1,987
12 years$3,491$3,088$2,727$2,403$2,114$1,685
13 years$3,189$2,791$2,436$2,121$1,844$1,436
14 years$2,931$2,537$2,189$1,883$1,616$1,231
15 years$2,708$2,318$1,976$1,679$1,423$1,059
16 years$2,512$2,126$1,792$1,504$1,258$914
17 years$2,340$1,958$1,630$1,351$1,115$791
18 years$2,187$1,809$1,488$1,218$992$686
19 years$2,050$1,677$1,363$1,100$884$596
20 years$1,927$1,558$1,250$996$789$519
21 years$1,816$1,452$1,150$904$706$453
22 years$1,715$1,355$1,060$822$633$395
23 years$1,623$1,267$979$749$568$346
24 years$1,539$1,187$905$683$511$302
25 years$1,462$1,114$838$624$460$265
26 years$1,391$1,047$778$570$414$232
27 years$1,325$986$722$522$373$204
28 years$1,264$929$671$478$337$179
29 years$1,207$876$625$439$304$157
30 years$1,154$827$582$403$275$138
31 years$1,105$782$542$370$249$121
32 years$1,059$740$506$340$225$106
33 years$1,015$701$473$312$203$94
34 years$975$664$442$287$184$82
35 years$937$630$413$265$167$72
36 years$901$598$386$244$151$64
37 years$867$568$361$225$137$56
38 years$834$540$338$207$124$49
39 years$804$513$317$191$113$43
40 years$775$488$297$176$102$38
41 years$748$465$279$162$93$34
42 years$722$443$261$150$84$30
43 years$697$422$245$138$76$26
44 years$674$402$230$128$69$23
45 years$651$383$216$118$63$20
46 years$630$366$203$109$57$18
47 years$610$349$191$101$52$16
48 years$590$333$179$93$47$14
49 years$571$318$169$86$43$12
50 years$554$304$158$79$39$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $567,000, adding $2,495 every year, while hoping to spend $21,883 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: 39/50/11 Blend
54$567,000$567,000$567,000$567,000
55$627,408$597,357$588,568$649,697
56$668,120$603,344$585,002$671,687
57$712,251$608,891$580,583$693,110
58$760,128$613,953$575,259$715,788
59$812,107$618,483$568,976$739,843
60$868,583$622,430$561,678$765,410
61$929,990$625,740$553,306$792,642
62$996,804$628,356$543,796$821,707
63$1,069,549$630,217$533,085$852,789
64$1,148,803$631,258$521,103$886,097
65$1,235,201$631,409$507,780$921,858
66$1,329,441$630,599$493,041$960,326
67$1,432,295$628,749$476,808$1,001,782
68$1,544,608$625,776$459,000$1,046,538
69$1,667,312$621,594$439,531$1,094,940
70$1,801,435$616,109$418,312$1,147,368
71$1,948,106$609,223$395,250$1,204,248
72$2,108,570$600,832$370,248$1,266,048
73$2,284,196$590,825$343,204$1,333,288
74$2,476,494$579,085$314,011$1,406,541
75$2,687,124$565,488$282,558$1,486,446
76$2,917,917$549,902$248,730$1,573,705
77$3,170,886$532,190$212,404$1,669,099
78$3,448,252$512,202$173,455$1,773,490
79$3,752,458$489,784$131,750$1,887,831
80$4,086,196$464,771$87,151$2,013,177
81$4,452,431$436,989$39,514$2,150,695
82$4,854,431$406,252$0$2,301,675
83$5,295,791$372,367$0$2,468,872
84$5,780,475$335,127$0$2,657,570
85$6,312,850$294,314$0$2,864,888
86$6,897,724$249,699$0$3,092,772
87$7,540,396$201,038$0$3,343,371
88$8,246,701$148,074$0$3,619,060
89$9,023,072$90,536$0$3,922,460
90$9,876,591$28,138$0$4,256,464
91$10,815,063$0$0$4,624,269
92$11,847,089$0$0$5,051,093
93$12,982,140$0$0$5,537,638
94$14,230,657$0$0$6,072,908
95$15,604,139$0$0$6,661,844
96$17,115,258$0$0$7,309,891
97$18,777,975$0$0$8,023,047
98$20,607,673$0$0$8,807,924
99$22,621,303$0$0$9,671,803
100$24,837,539$0$0$10,622,710