Can I retire at age 55 with 582,000?

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 $582,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$48,061$47,633$47,215$46,808$46,409$44,692
2 years$23,793$23,349$22,920$22,504$22,100$20,389
3 years$15,704$15,259$14,831$14,418$14,021$12,370
4 years$11,661$11,217$10,793$10,388$10,000$8,422
5 years$9,235$8,794$8,376$7,979$7,602$6,101
6 years$7,619$7,181$6,769$6,381$6,015$4,592
7 years$6,465$6,031$5,625$5,246$4,892$3,547
8 years$5,600$5,169$4,770$4,401$4,058$2,790
9 years$4,927$4,501$4,109$3,748$3,418$2,224
10 years$4,389$3,967$3,582$3,231$2,912$1,791
11 years$3,950$3,532$3,154$2,812$2,504$1,454
12 years$3,583$3,170$2,799$2,467$2,170$1,187
13 years$3,274$2,865$2,501$2,178$1,893$974
14 years$3,009$2,604$2,247$1,933$1,659$803
15 years$2,779$2,379$2,028$1,724$1,461$663
16 years$2,578$2,183$1,839$1,544$1,291$550
17 years$2,402$2,010$1,674$1,387$1,145$456
18 years$2,245$1,857$1,528$1,250$1,018$380
19 years$2,104$1,721$1,399$1,129$907$316
20 years$1,978$1,600$1,284$1,023$810$264
21 years$1,864$1,490$1,181$928$725$220
22 years$1,761$1,391$1,088$844$650$184
23 years$1,666$1,301$1,005$769$583$154
24 years$1,580$1,219$929$701$524$129
25 years$1,500$1,144$861$640$472$108
26 years$1,427$1,075$798$585$425$90
27 years$1,360$1,012$741$536$383$75
28 years$1,297$953$689$491$346$63
29 years$1,239$899$641$450$312$53
30 years$1,185$849$597$413$282$44
31 years$1,134$803$557$379$255$37
32 years$1,087$760$519$349$231$31
33 years$1,042$719$485$321$209$26
34 years$1,001$682$453$295$189$22
35 years$961$647$424$272$171$18
36 years$924$614$396$250$155$15
37 years$889$583$371$230$141$13
38 years$856$554$347$212$127$11
39 years$825$527$325$196$116$9
40 years$796$501$305$181$105$8
41 years$768$477$286$167$95$6
42 years$741$454$268$154$86$5
43 years$716$433$252$142$78$5
44 years$691$413$236$131$71$4
45 years$669$394$222$121$65$3
46 years$647$375$208$112$59$3
47 years$626$358$196$103$53$2
48 years$606$342$184$95$48$2
49 years$587$327$173$88$44$2
50 years$568$312$163$82$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $582,000, adding $5,511 every year, while hoping to spend $50,402 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: 48/32/20 Blend
54$582,000$582,000$582,000$582,000
55$647,049$616,203$607,182$674,209
56$659,420$592,769$573,895$670,238
57$671,364$566,498$537,804$660,397
58$682,785$537,198$498,761$648,657
59$693,572$504,664$456,613$634,858
60$703,606$468,682$411,199$618,833
61$712,751$429,025$362,352$600,397
62$720,856$385,451$309,895$579,356
63$727,754$337,708$253,646$555,497
64$733,255$285,527$193,414$528,590
65$737,154$228,624$129,000$498,391
66$739,216$166,699$60,194$464,632
67$739,185$99,437$0$427,027
68$736,776$26,503$0$388,089
69$731,669$0$0$358,552
70$723,514$0$0$343,714
71$711,919$0$0$336,353
72$696,451$0$0$326,904
73$676,631$0$0$315,113
74$651,927$0$0$300,698
75$621,752$0$0$283,345
76$585,453$0$0$262,710
77$542,311$0$0$238,410
78$491,528$0$0$210,022
79$432,223$0$0$177,078
80$363,422$0$0$139,061
81$284,047$0$0$95,400
82$192,907$0$0$45,463
83$88,688$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0