Can I retire at age 55 with 572,000?

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 $572,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$47,235$46,814$46,404$46,003$45,612$45,325
2 years$23,384$22,948$22,526$22,117$21,720$21,430
3 years$15,434$14,997$14,576$14,171$13,780$13,497
4 years$11,460$11,024$10,608$10,209$9,828$9,553
5 years$9,077$8,643$8,232$7,842$7,471$7,206
6 years$7,488$7,058$6,653$6,271$5,912$5,656
7 years$6,354$5,927$5,528$5,156$4,808$4,562
8 years$5,503$5,081$4,688$4,325$3,989$3,753
9 years$4,842$4,424$4,038$3,684$3,359$3,133
10 years$4,314$3,899$3,521$3,176$2,862$2,646
11 years$3,882$3,471$3,099$2,764$2,461$2,255
12 years$3,522$3,116$2,751$2,424$2,133$1,936
13 years$3,218$2,816$2,458$2,140$1,860$1,672
14 years$2,957$2,559$2,208$1,900$1,630$1,452
15 years$2,731$2,338$1,994$1,694$1,436$1,266
16 years$2,534$2,145$1,808$1,517$1,269$1,107
17 years$2,360$1,976$1,645$1,363$1,125$972
18 years$2,206$1,825$1,501$1,228$1,000$855
19 years$2,068$1,692$1,375$1,110$892$754
20 years$1,944$1,572$1,261$1,005$796$666
21 years$1,832$1,464$1,160$912$713$590
22 years$1,730$1,367$1,069$830$639$523
23 years$1,638$1,278$987$755$573$464
24 years$1,553$1,198$913$689$515$413
25 years$1,475$1,124$846$629$464$367
26 years$1,403$1,056$784$575$418$327
27 years$1,336$994$728$527$377$291
28 years$1,275$937$677$483$340$260
29 years$1,218$884$630$442$307$232
30 years$1,164$835$587$406$277$207
31 years$1,115$789$547$373$251$185
32 years$1,068$747$511$343$227$165
33 years$1,024$707$477$315$205$148
34 years$983$670$445$290$186$132
35 years$945$636$416$267$168$118
36 years$908$603$390$246$152$106
37 years$874$573$365$227$138$95
38 years$842$545$341$209$125$85
39 years$811$518$320$193$114$76
40 years$782$493$300$178$103$68
41 years$754$469$281$164$93$61
42 years$728$447$264$151$85$54
43 years$703$426$247$140$77$49
44 years$680$406$232$129$70$44
45 years$657$387$218$119$63$39
46 years$635$369$205$110$58$35
47 years$615$352$192$102$52$31
48 years$595$336$181$94$48$28
49 years$576$321$170$87$43$25
50 years$558$307$160$80$39$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $572,000, adding $3,897 every year, while hoping to spend $29,690 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: 35/49/16 Blend
54$572,000$572,000$572,000$572,000
55$634,364$604,048$595,182$653,318
56$667,479$602,056$583,530$665,458
57$702,977$598,972$570,494$675,473
58$741,069$594,710$555,994$685,643
59$781,988$589,181$539,949$695,999
60$825,988$582,288$522,275$706,576
61$873,350$573,932$502,883$717,415
62$924,381$564,003$481,678$728,563
63$979,419$552,390$458,565$740,078
64$1,038,833$538,971$433,441$752,023
65$1,103,033$523,620$406,201$764,473
66$1,172,466$506,201$376,732$777,512
67$1,247,624$486,571$344,919$791,238
68$1,329,049$464,580$310,641$805,763
69$1,417,335$440,068$273,770$821,212
70$1,513,137$412,865$234,175$837,730
71$1,617,175$382,793$191,718$855,479
72$1,730,240$349,663$146,254$874,645
73$1,853,203$313,275$97,632$895,434
74$1,987,023$273,419$45,696$918,083
75$2,132,753$229,870$0$942,857
76$2,291,554$182,394$0$971,714
77$2,464,702$130,741$0$1,011,761
78$2,653,603$74,648$0$1,055,597
79$2,859,803$13,839$0$1,103,674
80$3,085,005$0$0$1,156,498
81$3,331,082$0$0$1,242,662
82$3,600,099$0$0$1,345,094
83$3,894,327$0$0$1,457,209
84$4,216,267$0$0$1,579,969
85$4,568,673$0$0$1,714,435
86$4,954,579$0$0$1,861,777
87$5,377,325$0$0$2,023,280
88$5,840,587$0$0$2,200,361
89$6,348,418$0$0$2,394,582
90$6,905,279$0$0$2,607,662
91$7,516,083$0$0$2,841,495
92$8,186,242$0$0$3,098,166
93$8,921,719$0$0$3,379,972
94$9,729,080$0$0$3,689,445
95$10,615,557$0$0$4,029,373
96$11,589,120$0$0$4,402,827
97$12,658,546$0$0$4,813,191
98$13,833,504$0$0$5,264,193
99$15,124,647$0$0$5,759,938
100$16,543,711$0$0$6,304,951