Can I retire at age 55 with 570,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$47,070$46,651$46,242$45,842$45,453$43,736
2 years$23,302$22,868$22,447$22,040$21,644$19,934
3 years$15,380$14,945$14,525$14,121$13,732$12,083
4 years$11,420$10,986$10,570$10,173$9,794$8,218
5 years$9,045$8,613$8,203$7,814$7,445$5,947
6 years$7,462$7,033$6,629$6,249$5,891$4,471
7 years$6,331$5,906$5,509$5,138$4,791$3,450
8 years$5,484$5,063$4,672$4,310$3,975$2,710
9 years$4,825$4,408$4,024$3,671$3,347$2,158
10 years$4,299$3,886$3,508$3,164$2,852$1,735
11 years$3,868$3,459$3,089$2,754$2,453$1,407
12 years$3,510$3,105$2,741$2,416$2,126$1,147
13 years$3,206$2,806$2,449$2,133$1,853$940
14 years$2,947$2,550$2,200$1,893$1,625$774
15 years$2,722$2,330$1,987$1,688$1,431$638
16 years$2,525$2,138$1,801$1,512$1,264$528
17 years$2,352$1,969$1,639$1,358$1,121$438
18 years$2,198$1,819$1,496$1,224$997$364
19 years$2,061$1,686$1,370$1,106$888$303
20 years$1,937$1,567$1,257$1,002$794$252
21 years$1,826$1,459$1,156$909$710$210
22 years$1,724$1,362$1,066$827$637$175
23 years$1,632$1,274$984$753$571$146
24 years$1,547$1,194$910$687$514$122
25 years$1,470$1,120$843$627$462$102
26 years$1,398$1,053$782$573$416$85
27 years$1,332$991$726$525$375$71
28 years$1,270$934$675$481$339$60
29 years$1,213$881$628$441$306$50
30 years$1,160$832$585$405$276$42
31 years$1,111$786$545$372$250$35
32 years$1,064$744$509$342$226$29
33 years$1,021$705$475$314$205$24
34 years$980$668$444$289$185$20
35 years$942$633$415$266$168$17
36 years$905$601$388$245$152$14
37 years$871$571$363$226$138$12
38 years$839$543$340$208$125$10
39 years$808$516$319$192$113$8
40 years$779$491$299$177$103$7
41 years$752$467$280$163$93$6
42 years$726$445$263$151$85$5
43 years$701$424$247$139$77$4
44 years$677$404$231$128$70$3
45 years$655$385$217$119$63$3
46 years$633$368$204$110$57$2
47 years$613$351$192$101$52$2
48 years$593$335$180$94$47$2
49 years$574$320$169$86$43$1
50 years$557$306$159$80$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $570,000, adding $6,830 every year, while hoping to spend $22,308 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: 72/23/5 Blend
54$570,000$570,000$570,000$570,000
55$635,185$604,975$596,140$680,141
56$676,238$610,883$592,375$716,604
57$720,732$616,333$587,737$753,046
58$768,992$621,279$582,171$792,310
59$821,379$625,672$575,624$834,667
60$878,289$629,460$568,037$880,414
61$940,158$632,586$559,349$929,882
62$1,007,464$634,993$549,498$983,432
63$1,080,734$636,617$538,415$1,041,465
64$1,160,550$637,392$526,032$1,104,421
65$1,247,548$637,246$512,277$1,172,785
66$1,342,432$636,105$497,072$1,247,094
67$1,445,974$633,888$480,338$1,327,937
68$1,559,026$630,511$461,992$1,415,966
69$1,682,525$625,884$441,947$1,511,896
70$1,817,501$619,912$420,111$1,616,519
71$1,965,091$612,492$396,389$1,730,706
72$2,126,544$603,518$370,682$1,855,419
73$2,303,238$592,877$342,886$1,991,717
74$2,496,688$580,447$312,892$2,140,768
75$2,708,563$566,102$280,587$2,303,861
76$2,940,701$549,706$245,852$2,482,414
77$3,195,127$531,116$208,562$2,677,994
78$3,474,071$510,181$168,590$2,892,327
79$3,779,987$486,741$125,799$3,127,314
80$4,115,582$460,627$80,049$3,385,055
81$4,483,833$431,660$31,192$3,667,863
82$4,888,022$399,649$0$3,978,287
83$5,331,764$364,396$0$4,320,256
84$5,819,040$325,688$0$4,697,601
85$6,354,237$283,301$0$5,112,083
86$6,942,186$236,999$0$5,567,478
87$7,588,210$186,533$0$6,067,949
88$8,298,172$131,639$0$6,618,085
89$9,078,534$72,037$0$7,222,945
90$9,936,413$7,435$0$7,888,106
91$10,879,648$0$0$8,619,713
92$11,916,880$0$0$9,440,355
93$13,057,626$0$0$10,344,997
94$14,312,373$0$0$11,340,077
95$15,692,674$0$0$12,434,761
96$17,211,260$0$0$13,639,150
97$18,882,156$0$0$14,964,372
98$20,720,818$0$0$16,422,689
99$22,744,272$0$0$18,027,610
100$24,971,281$0$0$19,794,023