Can I retire at age 55 with 577,000?

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 $577,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$47,648$47,224$46,810$46,405$46,011$45,045
2 years$23,588$23,149$22,723$22,310$21,910$20,941
3 years$15,569$15,128$14,703$14,294$13,901$12,960
4 years$11,561$11,121$10,700$10,298$9,914$9,008
5 years$9,156$8,719$8,304$7,910$7,536$6,668
6 years$7,553$7,120$6,711$6,326$5,963$5,133
7 years$6,409$5,979$5,577$5,201$4,850$4,058
8 years$5,551$5,125$4,729$4,363$4,023$3,270
9 years$4,885$4,462$4,073$3,716$3,388$2,672
10 years$4,352$3,933$3,551$3,203$2,887$2,208
11 years$3,916$3,502$3,127$2,788$2,483$1,840
12 years$3,553$3,143$2,775$2,445$2,152$1,544
13 years$3,246$2,840$2,479$2,159$1,876$1,302
14 years$2,983$2,582$2,227$1,916$1,645$1,104
15 years$2,755$2,358$2,011$1,709$1,448$939
16 years$2,556$2,164$1,823$1,530$1,280$801
17 years$2,381$1,993$1,659$1,375$1,135$686
18 years$2,225$1,841$1,515$1,239$1,009$588
19 years$2,086$1,707$1,387$1,120$899$505
20 years$1,961$1,586$1,272$1,014$803$435
21 years$1,848$1,477$1,170$920$719$374
22 years$1,745$1,379$1,079$837$644$323
23 years$1,652$1,290$996$762$578$279
24 years$1,566$1,208$921$695$520$241
25 years$1,488$1,134$853$635$468$208
26 years$1,415$1,066$791$580$421$180
27 years$1,348$1,003$735$531$380$156
28 years$1,286$945$683$487$343$135
29 years$1,228$892$636$446$310$117
30 years$1,175$842$592$410$280$102
31 years$1,124$796$552$376$253$88
32 years$1,077$753$515$346$229$76
33 years$1,033$713$481$318$207$66
34 years$992$676$449$293$187$58
35 years$953$641$420$269$170$50
36 years$916$609$393$248$154$43
37 years$882$578$368$229$139$38
38 years$849$549$344$211$126$33
39 years$818$522$323$194$115$28
40 years$789$497$302$179$104$25
41 years$761$473$284$165$94$21
42 years$735$451$266$153$86$19
43 years$709$429$250$141$78$16
44 years$686$409$234$130$70$14
45 years$663$390$220$120$64$12
46 years$641$372$207$111$58$11
47 years$620$355$194$102$53$9
48 years$600$339$182$95$48$8
49 years$581$324$171$88$44$7
50 years$563$309$161$81$40$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $577,000, adding $6,608 every year, while hoping to spend $30,076 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: 53/42/5 Blend
54$577,000$577,000$577,000$577,000
55$642,670$612,089$603,146$675,680
56$676,222$610,081$591,350$696,744
57$712,188$606,966$578,152$715,773
58$750,783$602,659$563,472$735,737
59$792,241$597,068$547,227$756,731
60$836,823$590,098$529,332$778,858
61$884,810$581,644$509,696$802,233
62$936,515$571,599$488,225$826,987
63$992,280$559,848$464,821$853,263
64$1,052,481$546,268$439,381$881,222
65$1,117,530$530,731$411,796$911,042
66$1,187,881$513,100$381,954$942,923
67$1,264,034$493,231$349,739$977,087
68$1,346,537$470,970$315,026$1,013,780
69$1,435,992$446,156$277,688$1,053,277
70$1,533,063$418,618$237,590$1,095,883
71$1,638,479$388,174$194,593$1,141,936
72$1,753,043$354,633$148,551$1,191,814
73$1,877,636$317,793$99,310$1,245,935
74$2,013,230$277,440$46,712$1,304,764
75$2,160,893$233,349$0$1,368,816
76$2,321,800$185,279$0$1,439,167
77$2,497,246$132,980$0$1,518,642
78$2,688,654$76,184$0$1,605,460
79$2,897,591$14,612$0$1,700,414
80$3,125,782$0$0$1,804,379
81$3,375,127$0$0$1,942,375
82$3,647,717$0$0$2,100,674
83$3,945,853$0$0$2,273,864
84$4,272,070$0$0$2,463,425
85$4,629,158$0$0$2,670,988
86$5,020,193$0$0$2,898,344
87$5,448,556$0$0$3,147,471
88$5,917,976$0$0$3,420,544
89$6,432,558$0$0$3,719,960
90$6,996,822$0$0$4,048,357
91$7,615,747$0$0$4,408,643
92$8,294,818$0$0$4,804,020
93$9,040,076$0$0$5,238,014
94$9,858,174$0$0$5,714,512
95$10,756,443$0$0$6,237,792
96$11,742,956$0$0$6,812,570
97$12,826,608$0$0$7,444,038
98$14,017,198$0$0$8,137,919
99$15,325,520$0$0$8,900,514
100$16,763,465$0$0$9,738,770