Can I retire at age 55 with 573,000?

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 $573,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$47,318$46,896$46,485$46,084$45,692$44,354
2 years$23,425$22,988$22,566$22,156$21,758$20,421
3 years$15,461$15,023$14,601$14,195$13,804$12,510
4 years$11,480$11,044$10,626$10,227$9,845$8,603
5 years$9,093$8,658$8,246$7,855$7,484$6,298
6 years$7,501$7,070$6,664$6,282$5,922$4,793
7 years$6,365$5,938$5,538$5,165$4,816$3,745
8 years$5,513$5,090$4,697$4,333$3,995$2,980
9 years$4,851$4,431$4,045$3,690$3,365$2,405
10 years$4,321$3,906$3,527$3,181$2,867$1,961
11 years$3,888$3,477$3,105$2,769$2,466$1,613
12 years$3,528$3,121$2,755$2,428$2,137$1,335
13 years$3,223$2,821$2,462$2,144$1,863$1,110
14 years$2,962$2,564$2,212$1,903$1,633$927
15 years$2,736$2,342$1,997$1,697$1,438$777
16 years$2,539$2,149$1,811$1,520$1,271$654
17 years$2,364$1,979$1,648$1,365$1,127$551
18 years$2,210$1,829$1,504$1,231$1,002$465
19 years$2,072$1,695$1,377$1,112$893$393
20 years$1,947$1,575$1,264$1,007$798$333
21 years$1,835$1,467$1,162$914$714$282
22 years$1,733$1,369$1,071$831$640$240
23 years$1,640$1,281$989$757$574$203
24 years$1,555$1,200$915$690$516$173
25 years$1,477$1,126$847$630$465$147
26 years$1,405$1,058$786$576$418$125
27 years$1,339$996$730$528$377$107
28 years$1,277$939$678$483$340$91
29 years$1,220$885$631$443$307$77
30 years$1,166$836$588$407$278$66
31 years$1,117$790$548$374$251$56
32 years$1,070$748$511$343$227$48
33 years$1,026$708$478$316$206$41
34 years$985$671$446$291$186$35
35 years$946$637$417$267$169$30
36 years$910$604$390$246$153$25
37 years$876$574$365$227$138$22
38 years$843$545$342$209$126$18
39 years$813$519$320$193$114$16
40 years$783$494$300$178$103$13
41 years$756$470$282$164$94$11
42 years$730$447$264$151$85$10
43 years$705$426$248$140$77$8
44 years$681$406$233$129$70$7
45 years$658$387$219$119$64$6
46 years$637$370$205$110$58$5
47 years$616$353$193$102$52$4
48 years$596$337$181$94$48$4
49 years$577$322$170$87$43$3
50 years$559$307$160$80$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $573,000, adding $5,186 every year, while hoping to spend $27,436 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: 71/11/18 Blend
54$573,000$573,000$573,000$573,000
55$636,795$606,426$597,545$678,930
56$672,557$606,950$588,371$708,160
57$711,046$606,579$577,970$736,374
58$752,513$605,241$566,272$766,568
59$797,232$602,860$553,204$798,933
60$845,502$599,353$538,689$833,680
61$897,655$594,633$522,647$871,044
62$954,053$588,608$504,994$911,282
63$1,015,097$581,180$485,641$954,679
64$1,081,225$572,246$464,498$1,001,551
65$1,152,919$561,695$441,468$1,052,243
66$1,230,711$549,412$416,451$1,107,139
67$1,315,183$535,273$389,342$1,166,662
68$1,406,978$519,148$360,031$1,231,280
69$1,506,802$500,898$328,405$1,301,507
70$1,615,432$480,378$294,342$1,377,912
71$1,733,723$457,433$257,720$1,461,123
72$1,862,615$431,900$218,406$1,551,834
73$2,003,144$403,605$176,264$1,650,809
74$2,156,449$372,366$131,153$1,758,891
75$2,323,783$337,989$82,924$1,877,013
76$2,506,529$300,270$31,421$2,006,203
77$2,706,204$258,993$0$2,147,593
78$2,924,483$213,929$0$2,306,958
79$3,163,207$164,839$0$2,487,890
80$3,424,405$111,466$0$2,685,905
81$3,710,308$53,542$0$2,902,720
82$4,023,378$0$0$3,140,226
83$4,366,320$0$0$3,401,622
84$4,742,119$0$0$3,695,192
85$5,154,058$0$0$4,017,025
86$5,605,754$0$0$4,369,949
87$6,101,191$0$0$4,757,082
88$6,644,758$0$0$5,181,856
89$7,241,289$0$0$5,648,054
90$7,896,106$0$0$6,159,839
91$8,615,075$0$0$6,721,801
92$9,404,657$0$0$7,338,993
93$10,271,967$0$0$8,016,983
94$11,224,846$0$0$8,761,904
95$12,271,931$0$0$9,580,514
96$13,422,736$0$0$10,480,256
97$14,687,743$0$0$11,469,332
98$16,078,502$0$0$12,556,776
99$17,607,736$0$0$13,752,543
100$19,289,462$0$0$15,067,600