Can I retire at age 55 with 580,000?

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 $580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$47,896$47,469$47,053$46,647$46,250$45,150
2 years$23,711$23,269$22,841$22,426$22,024$20,922
3 years$15,650$15,207$14,780$14,369$13,973$12,904
4 years$11,621$11,179$10,756$10,352$9,966$8,937
5 years$9,204$8,764$8,347$7,951$7,576$6,591
6 years$7,593$7,157$6,746$6,359$5,994$5,055
7 years$6,443$6,010$5,606$5,228$4,875$3,980
8 years$5,580$5,152$4,754$4,385$4,044$3,194
9 years$4,910$4,486$4,095$3,735$3,406$2,599
10 years$4,374$3,954$3,570$3,220$2,902$2,138
11 years$3,936$3,520$3,143$2,802$2,496$1,774
12 years$3,571$3,159$2,789$2,458$2,163$1,482
13 years$3,263$2,855$2,492$2,170$1,886$1,244
14 years$2,998$2,595$2,239$1,926$1,653$1,050
15 years$2,770$2,371$2,022$1,718$1,456$889
16 years$2,570$2,175$1,833$1,538$1,287$754
17 years$2,393$2,003$1,668$1,382$1,141$642
18 years$2,237$1,851$1,522$1,246$1,014$548
19 years$2,097$1,715$1,394$1,125$904$468
20 years$1,971$1,594$1,279$1,019$808$401
21 years$1,858$1,485$1,177$925$723$343
22 years$1,754$1,386$1,084$841$648$295
23 years$1,660$1,296$1,001$766$581$253
24 years$1,574$1,215$926$699$523$217
25 years$1,495$1,140$858$638$470$187
26 years$1,422$1,071$795$583$424$161
27 years$1,355$1,008$739$534$382$139
28 years$1,293$950$687$489$345$119
29 years$1,235$896$639$449$311$103
30 years$1,181$846$595$412$281$89
31 years$1,130$800$555$378$254$76
32 years$1,083$757$518$348$230$66
33 years$1,039$717$483$320$208$57
34 years$997$680$452$294$188$49
35 years$958$645$422$271$171$42
36 years$921$612$395$249$155$36
37 years$886$581$370$230$140$31
38 years$854$552$346$212$127$27
39 years$822$525$324$195$115$23
40 years$793$500$304$180$104$20
41 years$765$476$285$166$95$17
42 years$738$453$267$153$86$15
43 years$713$431$251$142$78$13
44 years$689$411$236$131$71$11
45 years$666$392$221$121$64$10
46 years$644$374$208$111$58$8
47 years$624$357$195$103$53$7
48 years$604$341$183$95$48$6
49 years$585$326$172$88$44$5
50 years$566$311$162$81$40$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $580,000, adding $3,859 every year, while hoping to spend $25,838 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: 36/39/25 Blend
54$580,000$580,000$580,000$580,000
55$643,141$612,401$603,411$661,337
56$681,249$614,917$596,133$677,625
57$722,379$616,690$587,746$692,556
58$766,812$617,657$578,185$708,166
59$814,854$617,751$567,382$724,532
60$866,847$616,898$555,267$741,740
61$923,162$615,023$541,766$759,889
62$984,211$612,045$526,801$779,088
63$1,050,443$607,878$510,292$799,460
64$1,122,355$602,431$492,153$821,144
65$1,200,493$595,607$472,297$844,291
66$1,285,455$587,304$450,632$869,077
67$1,377,903$577,413$427,059$895,691
68$1,478,562$565,820$401,479$924,351
69$1,588,232$552,402$373,785$955,295
70$1,707,793$537,030$343,868$988,792
71$1,838,212$519,569$311,612$1,025,140
72$1,980,555$499,873$276,896$1,064,671
73$2,135,994$477,789$239,594$1,107,756
74$2,305,821$453,157$199,576$1,154,806
75$2,491,457$425,803$156,704$1,206,281
76$2,694,466$395,549$110,835$1,262,691
77$2,916,573$362,202$61,819$1,324,601
78$3,159,673$325,559$9,499$1,392,641
79$3,425,856$285,408$0$1,467,512
80$3,717,423$241,522$0$1,562,348
81$4,036,906$193,663$0$1,669,160
82$4,387,096$141,579$0$1,786,414
83$4,771,067$85,003$0$1,915,221
84$5,192,201$23,654$0$2,056,806
85$5,654,228$0$0$2,212,528
86$6,161,252$0$0$2,402,239
87$6,717,798$0$0$2,621,707
88$7,328,846$0$0$2,862,756
89$7,999,884$0$0$3,127,561
90$8,736,959$0$0$3,418,519
91$9,546,729$0$0$3,738,272
92$10,436,533$0$0$4,089,728
93$11,414,451$0$0$4,476,092
94$12,489,388$0$0$4,900,895
95$13,671,155$0$0$5,368,028
96$14,970,560$0$0$5,881,777
97$16,399,510$0$0$6,446,864
98$17,971,124$0$0$7,068,491
99$19,699,857$0$0$7,752,392
100$21,601,635$0$0$8,504,883