Can I retire at age 55 with 579,000?

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 $579,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$47,813$47,387$46,972$46,566$46,170$45,937
2 years$23,670$23,229$22,802$22,388$21,986$21,751
3 years$15,623$15,180$14,754$14,344$13,949$13,719
4 years$11,601$11,159$10,737$10,334$9,948$9,725
5 years$9,188$8,749$8,333$7,938$7,563$7,347
6 years$7,580$7,144$6,734$6,348$5,984$5,776
7 years$6,431$6,000$5,596$5,219$4,867$4,667
8 years$5,571$5,143$4,746$4,378$4,037$3,845
9 years$4,902$4,478$4,088$3,729$3,400$3,216
10 years$4,367$3,947$3,564$3,214$2,897$2,721
11 years$3,929$3,514$3,137$2,798$2,491$2,323
12 years$3,565$3,154$2,784$2,454$2,159$1,998
13 years$3,257$2,850$2,488$2,166$1,883$1,729
14 years$2,993$2,591$2,235$1,923$1,650$1,504
15 years$2,765$2,367$2,018$1,715$1,453$1,314
16 years$2,565$2,171$1,830$1,536$1,284$1,152
17 years$2,389$2,000$1,665$1,380$1,139$1,013
18 years$2,233$1,848$1,520$1,243$1,013$893
19 years$2,093$1,713$1,391$1,124$902$790
20 years$1,968$1,591$1,277$1,018$806$699
21 years$1,854$1,482$1,175$924$721$620
22 years$1,751$1,384$1,082$840$647$551
23 years$1,658$1,294$999$765$580$490
24 years$1,572$1,212$924$697$522$437
25 years$1,493$1,138$856$637$469$389
26 years$1,420$1,069$794$582$423$348
27 years$1,353$1,006$737$533$381$310
28 years$1,290$948$685$488$344$277
29 years$1,233$895$638$448$311$248
30 years$1,179$845$594$411$281$222
31 years$1,128$799$554$378$254$199
32 years$1,081$756$517$347$230$178
33 years$1,037$716$483$319$208$160
34 years$995$678$451$294$188$143
35 years$956$643$422$270$170$128
36 years$920$611$394$249$154$115
37 years$885$580$369$229$140$103
38 years$852$551$346$211$127$93
39 years$821$524$324$195$115$83
40 years$792$499$304$180$104$75
41 years$764$475$285$166$95$67
42 years$737$452$267$153$86$60
43 years$712$431$251$141$78$54
44 years$688$411$235$130$71$49
45 years$665$392$221$120$64$44
46 years$643$374$207$111$58$39
47 years$622$356$195$103$53$35
48 years$603$340$183$95$48$32
49 years$584$325$172$88$44$28
50 years$565$310$162$81$40$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $579,000, adding $3,598 every year, while hoping to spend $21,701 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: 49/31/20 Blend
54$579,000$579,000$579,000$579,000
55$641,769$611,082$602,108$669,449
56$684,140$617,936$599,189$695,880
57$730,105$624,398$595,445$722,080
58$780,009$630,426$590,825$750,086
59$834,229$635,975$585,276$780,078
60$893,181$640,999$578,744$812,251
61$957,322$645,445$571,169$846,826
62$1,027,157$649,260$562,491$884,043
63$1,103,239$652,385$552,646$924,170
64$1,186,177$654,760$541,568$967,502
65$1,276,644$656,320$529,186$1,014,367
66$1,375,376$656,994$515,429$1,065,125
67$1,483,187$656,709$500,218$1,120,176
68$1,600,971$655,388$483,475$1,179,960
69$1,729,715$652,946$465,116$1,244,966
70$1,870,502$649,296$445,053$1,315,732
71$2,024,526$644,345$423,196$1,392,855
72$2,193,103$637,993$399,448$1,476,992
73$2,377,680$630,135$373,710$1,568,870
74$2,579,851$620,660$345,877$1,669,293
75$2,801,373$609,449$315,841$1,779,148
76$3,044,178$596,378$283,487$1,899,414
77$3,310,398$581,314$248,698$2,031,175
78$3,602,377$564,116$211,347$2,175,625
79$3,922,699$544,637$171,307$2,334,085
80$4,274,209$522,720$128,441$2,508,013
81$4,660,043$498,197$82,608$2,699,017
82$5,083,652$470,894$33,660$2,908,875
83$5,548,840$440,623$0$3,139,547
84$6,059,797$407,189$0$3,397,164
85$6,621,139$370,384$0$3,688,075
86$7,237,949$329,987$0$4,007,763
87$7,915,830$285,766$0$4,359,176
88$8,660,953$237,476$0$4,745,567
89$9,480,116$184,858$0$5,170,524
90$10,380,809$127,638$0$5,638,000
91$11,371,285$65,526$0$6,152,357
92$12,460,637$0$0$6,718,407
93$13,658,881$0$0$7,342,060
94$14,977,054$0$0$8,052,793
95$16,427,318$0$0$8,834,819
96$18,023,070$0$0$9,695,372
97$19,779,074$0$0$10,642,423
98$21,711,597$0$0$11,684,753
99$23,838,562$0$0$12,832,040
100$26,179,717$0$0$14,094,948