Can I retire at age 55 with 578,000?

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 $578,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$47,731$47,306$46,891$46,486$46,091$44,922
2 years$23,629$23,189$22,762$22,349$21,948$20,778
3 years$15,596$15,154$14,729$14,319$13,925$12,790
4 years$11,581$11,140$10,719$10,316$9,931$8,841
5 years$9,172$8,734$8,318$7,924$7,550$6,506
6 years$7,567$7,132$6,722$6,337$5,974$4,979
7 years$6,420$5,989$5,586$5,210$4,858$3,911
8 years$5,561$5,134$4,738$4,370$4,030$3,131
9 years$4,893$4,470$4,081$3,723$3,394$2,542
10 years$4,359$3,940$3,558$3,209$2,892$2,086
11 years$3,922$3,508$3,132$2,793$2,487$1,726
12 years$3,559$3,148$2,780$2,450$2,155$1,438
13 years$3,251$2,845$2,483$2,163$1,880$1,205
14 years$2,988$2,586$2,231$1,920$1,648$1,013
15 years$2,760$2,362$2,015$1,712$1,451$855
16 years$2,561$2,168$1,826$1,533$1,282$724
17 years$2,385$1,996$1,662$1,377$1,137$615
18 years$2,229$1,845$1,517$1,241$1,011$523
19 years$2,090$1,710$1,389$1,122$901$446
20 years$1,964$1,589$1,275$1,016$805$380
21 years$1,851$1,480$1,172$922$720$325
22 years$1,748$1,381$1,081$838$646$278
23 years$1,655$1,292$998$763$579$238
24 years$1,569$1,210$923$696$521$204
25 years$1,490$1,136$855$636$469$175
26 years$1,418$1,068$793$581$422$150
27 years$1,350$1,005$736$532$381$129
28 years$1,288$947$684$488$343$110
29 years$1,230$893$637$447$310$95
30 years$1,177$843$593$410$280$81
31 years$1,126$797$553$377$253$70
32 years$1,079$754$516$346$229$60
33 years$1,035$714$482$319$207$52
34 years$994$677$450$293$188$44
35 years$955$642$421$270$170$38
36 years$918$610$394$248$154$33
37 years$883$579$368$229$140$28
38 years$851$550$345$211$127$24
39 years$820$523$323$195$115$21
40 years$790$498$303$179$104$18
41 years$762$474$284$166$94$15
42 years$736$451$266$153$86$13
43 years$711$430$250$141$78$11
44 years$687$410$235$130$71$10
45 years$664$391$220$120$64$8
46 years$642$373$207$111$58$7
47 years$621$356$194$103$53$6
48 years$601$340$183$95$48$5
49 years$583$324$172$88$44$5
50 years$564$310$162$81$40$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $578,000, adding $4,756 every year, while hoping to spend $27,721 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: 58/33/9 Blend
54$578,000$578,000$578,000$578,000
55$641,862$611,228$602,269$677,477
56$677,837$611,683$592,950$702,456
57$716,552$611,231$582,390$726,136
58$758,258$609,799$570,517$751,268
59$803,229$607,309$557,259$777,994
60$851,768$603,676$542,536$806,471
61$904,206$598,814$526,269$836,873
62$960,908$592,629$508,372$869,394
63$1,022,274$585,021$488,756$904,246
64$1,088,745$575,886$467,328$941,667
65$1,160,806$565,113$443,992$981,918
66$1,238,988$552,584$418,646$1,025,291
67$1,323,878$538,174$391,184$1,072,106
68$1,416,120$521,751$361,495$1,122,719
69$1,516,423$503,175$329,464$1,177,524
70$1,625,566$482,298$294,969$1,236,958
71$1,744,408$458,965$257,884$1,301,502
72$1,873,891$433,008$218,077$1,371,691
73$2,015,057$404,254$175,411$1,448,115
74$2,169,047$372,517$129,742$1,531,428
75$2,337,120$337,600$80,918$1,622,353
76$2,520,662$299,298$28,785$1,721,688
77$2,721,197$257,392$0$1,830,319
78$2,940,405$211,650$0$1,951,800
79$3,180,135$161,829$0$2,087,752
80$3,442,420$107,671$0$2,236,619
81$3,729,503$48,902$0$2,399,738
82$4,043,851$0$0$2,578,588
83$4,388,181$0$0$2,780,162
84$4,765,487$0$0$3,020,546
85$5,179,064$0$0$3,284,089
86$5,632,542$0$0$3,573,109
87$6,129,919$0$0$3,890,163
88$6,675,598$0$0$4,238,062
89$7,274,430$0$0$4,619,907
90$7,931,757$0$0$5,039,112
91$8,653,465$0$0$5,499,436
92$9,446,036$0$0$6,005,023
93$10,316,612$0$0$6,560,436
94$11,273,059$0$0$7,170,703
95$12,324,045$0$0$7,841,362
96$13,479,118$0$0$8,578,514
97$14,748,795$0$0$9,388,882
98$16,144,666$0$0$10,279,871
99$17,679,497$0$0$11,259,641
100$19,367,356$0$0$12,337,180