Can I retire at age 55 with 568,000?

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 $568,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$46,905$46,487$46,079$45,682$45,293$44,270
2 years$23,220$22,788$22,369$21,962$21,568$20,543
3 years$15,326$14,892$14,474$14,071$13,684$12,688
4 years$11,380$10,947$10,533$10,138$9,759$8,802
5 years$9,013$8,583$8,174$7,787$7,419$6,501
6 years$7,436$7,008$6,606$6,227$5,870$4,994
7 years$6,309$5,886$5,490$5,120$4,774$3,939
8 years$5,465$5,045$4,656$4,295$3,961$3,166
9 years$4,808$4,393$4,010$3,658$3,335$2,582
10 years$4,284$3,872$3,496$3,153$2,842$2,128
11 years$3,855$3,447$3,078$2,744$2,444$1,769
12 years$3,497$3,094$2,731$2,407$2,118$1,480
13 years$3,195$2,796$2,440$2,125$1,847$1,245
14 years$2,936$2,541$2,193$1,887$1,619$1,053
15 years$2,712$2,322$1,980$1,682$1,426$893
16 years$2,516$2,130$1,795$1,506$1,260$760
17 years$2,344$1,962$1,633$1,354$1,117$648
18 years$2,191$1,813$1,491$1,220$993$554
19 years$2,054$1,680$1,365$1,102$885$475
20 years$1,930$1,561$1,253$998$791$407
21 years$1,819$1,454$1,152$906$708$350
22 years$1,718$1,357$1,062$824$634$301
23 years$1,626$1,270$981$750$569$259
24 years$1,542$1,189$907$684$512$223
25 years$1,464$1,116$840$625$461$192
26 years$1,393$1,049$779$571$415$166
27 years$1,327$987$723$523$374$143
28 years$1,266$930$672$479$337$124
29 years$1,209$878$626$439$305$107
30 years$1,156$829$583$403$275$92
31 years$1,107$784$543$370$249$80
32 years$1,061$741$507$340$225$69
33 years$1,017$702$473$313$204$60
34 years$976$665$442$288$185$52
35 years$938$631$414$265$167$45
36 years$902$599$387$244$151$39
37 years$868$569$362$225$137$33
38 years$836$541$339$207$124$29
39 years$805$514$318$191$113$25
40 years$777$489$298$176$102$22
41 years$749$466$279$163$93$19
42 years$723$443$262$150$84$16
43 years$698$423$246$139$76$14
44 years$675$403$231$128$69$12
45 years$652$384$217$118$63$10
46 years$631$366$203$109$57$9
47 years$611$350$191$101$52$8
48 years$591$334$180$93$47$7
49 years$572$319$169$86$43$6
50 years$555$304$159$80$39$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $568,000, adding $4,989 every year, while hoping to spend $41,511 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: 70/6/24 Blend
54$568,000$568,000$568,000$568,000
55$631,082$600,978$592,174$671,101
56$651,285$586,259$567,845$683,787
57$672,158$569,427$541,309$692,361
58$693,724$550,335$512,449$700,756
59$716,010$528,827$481,142$708,950
60$739,042$504,739$447,259$716,922
61$762,848$477,895$410,666$724,650
62$787,458$448,111$371,223$732,110
63$812,902$415,192$328,782$739,277
64$839,213$378,931$283,191$746,125
65$866,424$339,111$234,290$752,627
66$894,572$295,500$181,912$758,755
67$923,694$247,855$125,881$764,479
68$953,829$195,918$66,017$769,769
69$985,020$139,418$2,128$774,593
70$1,017,310$78,068$0$778,917
71$1,050,746$11,563$0$799,622
72$1,085,376$0$0$821,439
73$1,121,254$0$0$847,829
74$1,158,435$0$0$875,971
75$1,196,976$0$0$905,146
76$1,236,940$0$0$935,401
77$1,278,394$0$0$966,788
78$1,321,408$0$0$999,358
79$1,366,056$0$0$1,033,171
80$1,412,420$0$0$1,068,286
81$1,460,583$0$0$1,104,770
82$1,510,639$0$0$1,142,693
83$1,562,684$0$0$1,182,128
84$1,616,823$0$0$1,223,156
85$1,673,169$0$0$1,265,864
86$1,731,843$0$0$1,310,343
87$1,792,973$0$0$1,356,692
88$1,856,700$0$0$1,405,019
89$1,923,174$0$0$1,455,439
90$1,992,556$0$0$1,508,075
91$2,065,022$0$0$1,563,063
92$2,140,759$0$0$1,620,545
93$2,219,973$0$0$1,680,679
94$2,302,884$0$0$1,743,634
95$2,389,730$0$0$1,809,594
96$2,480,772$0$0$1,878,757
97$2,576,289$0$0$1,951,340
98$2,676,587$0$0$2,027,575
99$2,781,997$0$0$2,107,718
100$2,892,879$0$0$2,192,046