Can I retire at age 55 with 581,000?

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 $581,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$47,978$47,551$47,134$46,727$46,330$44,757
2 years$23,752$23,309$22,881$22,465$22,062$20,493
3 years$15,677$15,233$14,805$14,394$13,997$12,482
4 years$11,641$11,198$10,774$10,370$9,983$8,532
5 years$9,219$8,779$8,361$7,965$7,589$6,207
6 years$7,606$7,169$6,757$6,370$6,005$4,693
7 years$6,454$6,020$5,615$5,237$4,883$3,641
8 years$5,590$5,161$4,762$4,393$4,051$2,877
9 years$4,919$4,493$4,102$3,742$3,412$2,305
10 years$4,382$3,961$3,576$3,226$2,907$1,866
11 years$3,943$3,526$3,148$2,807$2,500$1,522
12 years$3,577$3,165$2,794$2,462$2,167$1,250
13 years$3,268$2,860$2,496$2,174$1,889$1,031
14 years$3,004$2,600$2,243$1,930$1,656$854
15 years$2,774$2,375$2,025$1,721$1,458$710
16 years$2,574$2,179$1,836$1,541$1,289$592
17 years$2,397$2,007$1,671$1,384$1,143$494
18 years$2,241$1,854$1,525$1,248$1,016$414
19 years$2,101$1,718$1,396$1,127$906$347
20 years$1,975$1,597$1,281$1,021$809$291
21 years$1,861$1,487$1,179$927$724$244
22 years$1,758$1,388$1,086$843$649$205
23 years$1,663$1,299$1,003$767$582$173
24 years$1,577$1,217$928$700$524$145
25 years$1,498$1,142$859$639$471$123
26 years$1,425$1,073$797$584$424$103
27 years$1,357$1,010$740$535$383$87
28 years$1,295$952$688$490$345$73
29 years$1,237$898$640$449$312$62
30 years$1,183$848$596$412$282$52
31 years$1,132$801$556$379$255$44
32 years$1,085$758$519$348$230$37
33 years$1,040$718$484$320$208$31
34 years$999$681$452$295$189$26
35 years$960$646$423$271$171$22
36 years$923$613$396$250$155$19
37 years$888$582$370$230$140$16
38 years$855$553$347$212$127$13
39 years$824$526$325$196$115$11
40 years$794$500$305$180$105$10
41 years$766$476$286$166$95$8
42 years$740$454$268$154$86$7
43 years$714$432$251$142$78$6
44 years$690$412$236$131$71$5
45 years$667$393$222$121$64$4
46 years$645$375$208$112$59$3
47 years$625$358$195$103$53$3
48 years$605$341$184$95$48$2
49 years$586$326$173$88$44$2
50 years$567$311$162$81$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $581,000, adding $6,392 every year, while hoping to spend $35,991 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: 78/6/16 Blend
54$581,000$581,000$581,000$581,000
55$646,855$616,062$607,057$694,590
56$674,540$607,955$589,099$718,851
57$703,843$598,245$569,334$740,264
58$734,890$586,814$547,662$762,758
59$767,821$573,540$523,980$786,425
60$802,787$558,291$498,181$811,371
61$839,954$540,930$470,153$837,710
62$879,503$521,309$439,777$865,571
63$921,633$499,274$406,930$895,093
64$966,561$474,661$371,484$926,433
65$1,014,527$447,295$333,305$959,762
66$1,065,790$416,994$292,252$995,271
67$1,120,637$383,563$248,179$1,033,168
68$1,179,382$346,798$200,933$1,073,685
69$1,242,369$306,481$150,354$1,117,078
70$1,309,975$262,383$96,276$1,163,630
71$1,382,614$214,262$38,523$1,213,653
72$1,460,743$161,862$0$1,267,492
73$1,544,859$104,914$0$1,329,474
74$1,635,511$43,131$0$1,403,348
75$1,733,301$0$0$1,483,029
76$1,838,892$0$0$1,570,638
77$1,953,010$0$0$1,668,414
78$2,076,454$0$0$1,774,197
79$2,210,103$0$0$1,888,741
80$2,354,923$0$0$2,012,876
81$2,511,975$0$0$2,147,515
82$2,682,427$0$0$2,293,661
83$2,867,563$0$0$2,452,418
84$3,068,796$0$0$2,624,998
85$3,287,681$0$0$2,812,739
86$3,525,927$0$0$3,017,109
87$3,785,415$0$0$3,239,725
88$4,068,216$0$0$3,482,367
89$4,376,608$0$0$3,746,991
90$4,713,100$0$0$4,035,755
91$5,080,451$0$0$4,351,029
92$5,481,701$0$0$4,695,425
93$5,920,193$0$0$5,071,819
94$6,399,612$0$0$5,483,374
95$6,924,012$0$0$5,933,577
96$7,497,857$0$0$6,426,263
97$8,126,063$0$0$6,965,658
98$8,814,045$0$0$7,556,416
99$9,567,763$0$0$8,203,658
100$10,393,783$0$0$8,913,029