Can I retire at age 55 with 584,000?

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 $584,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$48,226$47,797$47,377$46,968$46,569$44,899
2 years$23,874$23,430$22,999$22,581$22,176$20,511
3 years$15,758$15,312$14,882$14,468$14,069$12,462
4 years$11,701$11,256$10,830$10,423$10,034$8,498
5 years$9,267$8,825$8,405$8,006$7,628$6,166
6 years$7,645$7,206$6,792$6,403$6,036$4,649
7 years$6,487$6,052$5,644$5,264$4,909$3,596
8 years$5,619$5,187$4,787$4,416$4,072$2,834
9 years$4,944$4,516$4,123$3,761$3,429$2,263
10 years$4,404$3,981$3,594$3,242$2,922$1,826
11 years$3,963$3,544$3,164$2,822$2,513$1,485
12 years$3,596$3,181$2,808$2,475$2,178$1,215
13 years$3,285$2,875$2,509$2,185$1,899$999
14 years$3,019$2,613$2,254$1,940$1,665$825
15 years$2,789$2,387$2,035$1,730$1,466$683
16 years$2,587$2,190$1,845$1,549$1,295$567
17 years$2,410$2,017$1,679$1,392$1,149$472
18 years$2,252$1,864$1,533$1,254$1,021$394
19 years$2,111$1,727$1,403$1,133$910$329
20 years$1,985$1,605$1,288$1,026$813$275
21 years$1,870$1,495$1,185$931$728$230
22 years$1,767$1,396$1,092$847$652$193
23 years$1,672$1,305$1,008$771$585$161
24 years$1,585$1,223$932$703$526$135
25 years$1,506$1,148$864$642$474$113
26 years$1,432$1,079$801$587$427$95
27 years$1,364$1,015$744$538$385$80
28 years$1,302$957$691$493$347$67
29 years$1,243$902$643$452$313$56
30 years$1,189$852$599$415$283$47
31 years$1,138$806$559$381$256$40
32 years$1,090$762$521$350$232$33
33 years$1,046$722$487$322$210$28
34 years$1,004$684$455$296$190$24
35 years$965$649$425$273$172$20
36 years$928$616$398$251$156$17
37 years$893$585$372$231$141$14
38 years$859$556$349$213$128$12
39 years$828$529$327$197$116$10
40 years$798$503$306$181$105$8
41 years$770$479$287$167$95$7
42 years$744$456$269$154$87$6
43 years$718$434$253$143$79$5
44 years$694$414$237$132$71$4
45 years$671$395$223$122$65$4
46 years$649$377$209$112$59$3
47 years$628$360$197$104$53$2
48 years$608$343$185$96$49$2
49 years$589$328$174$89$44$2
50 years$570$313$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 $584,000, adding $4,138 every year, while hoping to spend $45,714 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: 36/49/15 Blend
54$584,000$584,000$584,000$584,000
55$647,836$616,884$607,832$668,043
56$665,276$598,472$579,555$664,593
57$682,963$577,626$548,799$656,227
58$700,873$554,178$515,432$646,211
59$718,980$527,950$479,317$634,422
60$737,253$498,756$440,310$620,729
61$755,654$466,397$398,263$604,992
62$774,144$430,664$353,017$587,063
63$792,674$391,333$304,410$566,784
64$811,190$348,172$252,272$543,987
65$829,632$300,933$196,423$518,492
66$847,929$249,353$136,678$490,110
67$866,003$193,157$72,842$458,636
68$883,765$132,052$4,712$423,854
69$901,117$65,730$0$385,533
70$917,945$0$0$354,311
71$934,124$0$0$323,861
72$949,515$0$0$328,495
73$963,958$0$0$332,707
74$977,279$0$0$336,425
75$989,281$0$0$339,572
76$999,745$0$0$342,057
77$1,008,428$0$0$343,783
78$1,015,057$0$0$344,640
79$1,019,332$0$0$344,507
80$1,020,915$0$0$343,249
81$1,019,435$0$0$340,716
82$1,014,478$0$0$336,742
83$1,005,583$0$0$331,143
84$992,241$0$0$323,715
85$973,887$0$0$314,231
86$949,894$0$0$302,440
87$919,570$0$0$288,066
88$882,145$0$0$270,802
89$836,769$0$0$250,307
90$782,502$0$0$226,205
91$718,301$0$0$198,082
92$643,015$0$0$165,478
93$555,371$0$0$127,885
94$453,960$0$0$84,741
95$337,226$0$0$35,427
96$203,450$0$0$0
97$50,731$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0