Can I retire at age 55 with 571,000?

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 $571,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$47,153$46,733$46,323$45,923$45,532$44,040
2 years$23,343$22,908$22,487$22,078$21,682$20,192
3 years$15,407$14,971$14,550$14,146$13,756$12,316
4 years$11,440$11,005$10,589$10,191$9,811$8,432
5 years$9,061$8,628$8,218$7,828$7,458$6,144
6 years$7,475$7,046$6,641$6,260$5,901$4,652
7 years$6,343$5,917$5,519$5,147$4,799$3,616
8 years$5,494$5,072$4,680$4,317$3,982$2,863
9 years$4,834$4,416$4,031$3,677$3,353$2,298
10 years$4,306$3,892$3,514$3,170$2,857$1,863
11 years$3,875$3,465$3,094$2,759$2,457$1,523
12 years$3,516$3,110$2,746$2,420$2,129$1,253
13 years$3,212$2,811$2,453$2,136$1,857$1,036
14 years$2,952$2,555$2,204$1,896$1,628$860
15 years$2,727$2,334$1,990$1,691$1,433$716
16 years$2,530$2,141$1,804$1,514$1,267$598
17 years$2,356$1,972$1,642$1,361$1,123$501
18 years$2,202$1,822$1,499$1,226$999$420
19 years$2,064$1,689$1,372$1,108$890$353
20 years$1,941$1,569$1,259$1,004$795$297
21 years$1,829$1,462$1,158$911$711$250
22 years$1,727$1,365$1,068$828$638$211
23 years$1,635$1,276$986$754$572$178
24 years$1,550$1,196$912$688$515$150
25 years$1,472$1,122$844$628$463$127
26 years$1,400$1,055$783$574$417$107
27 years$1,334$993$727$526$376$90
28 years$1,273$935$676$482$339$76
29 years$1,216$882$629$442$306$65
30 years$1,162$833$586$405$277$55
31 years$1,113$788$546$372$250$46
32 years$1,066$745$510$342$226$39
33 years$1,023$706$476$315$205$33
34 years$982$669$445$290$185$28
35 years$943$635$416$267$168$24
36 years$907$602$389$245$152$20
37 years$873$572$364$226$138$17
38 years$840$544$341$208$125$14
39 years$810$517$319$192$113$12
40 years$781$492$299$177$103$10
41 years$753$468$281$164$93$9
42 years$727$446$263$151$85$7
43 years$702$425$247$139$77$6
44 years$678$405$232$129$70$5
45 years$656$386$218$119$63$4
46 years$634$368$205$110$58$4
47 years$614$352$192$101$52$3
48 years$594$336$181$94$47$3
49 years$575$320$170$87$43$2
50 years$557$306$160$80$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $571,000, adding $6,058 every year, while hoping to spend $30,895 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: 45/25/30 Blend
54$571,000$571,000$571,000$571,000
55$635,491$605,228$596,377$658,342
56$667,439$602,012$583,484$672,012
57$701,610$597,603$569,123$683,419
58$738,199$591,910$553,213$695,210
59$777,418$584,836$535,668$707,439
60$819,501$576,279$516,400$720,167
61$864,704$566,131$495,313$733,464
62$913,308$554,276$472,311$747,409
63$965,623$540,594$447,291$762,091
64$1,021,988$524,954$420,146$777,612
65$1,082,775$507,220$390,765$794,087
66$1,148,393$487,249$359,031$811,644
67$1,219,292$464,888$324,821$830,428
68$1,295,966$439,974$288,010$850,603
69$1,378,959$412,337$248,462$872,352
70$1,468,868$381,796$206,041$895,881
71$1,566,349$348,160$160,599$921,421
72$1,672,124$311,228$111,987$949,229
73$1,786,987$270,784$60,045$979,595
74$1,911,812$226,605$4,608$1,012,841
75$2,047,559$178,451$0$1,049,329
76$2,195,286$126,072$0$1,106,922
77$2,356,156$69,200$0$1,171,317
78$2,531,449$7,555$0$1,241,598
79$2,722,572$0$0$1,318,385
80$2,931,078$0$0$1,418,639
81$3,158,671$0$0$1,530,404
82$3,407,230$0$0$1,652,531
83$3,678,823$0$0$1,786,045
84$3,975,726$0$0$1,932,073
85$4,300,446$0$0$2,091,858
86$4,655,742$0$0$2,266,766
87$5,044,652$0$0$2,458,303
88$5,470,524$0$0$2,668,127
89$5,937,040$0$0$2,898,065
90$6,448,260$0$0$3,150,126
91$7,008,652$0$0$3,426,526
92$7,623,138$0$0$3,729,704
93$8,297,139$0$0$4,062,347
94$9,036,625$0$0$4,427,414
95$9,848,175$0$0$4,828,165
96$10,739,032$0$0$5,268,192
97$11,717,176$0$0$5,751,448
98$12,791,398$0$0$6,282,293
99$13,971,381$0$0$6,865,527
100$15,267,793$0$0$7,506,437