Can I retire at age 55 with 592,000?

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 $592,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$48,887$48,451$48,026$47,612$47,207$46,559
2 years$24,201$23,751$23,314$22,890$22,479$21,828
3 years$15,974$15,521$15,086$14,666$14,262$13,627
4 years$11,861$11,410$10,978$10,566$10,172$9,558
5 years$9,394$8,945$8,520$8,116$7,732$7,142
6 years$7,750$7,305$6,885$6,490$6,118$5,552
7 years$6,576$6,134$5,722$5,336$4,976$4,434
8 years$5,696$5,258$4,852$4,476$4,128$3,610
9 years$5,012$4,578$4,179$3,813$3,476$2,982
10 years$4,465$4,036$3,644$3,287$2,962$2,491
11 years$4,017$3,593$3,208$2,860$2,547$2,100
12 years$3,645$3,225$2,847$2,509$2,208$1,782
13 years$3,330$2,914$2,543$2,215$1,925$1,522
14 years$3,060$2,649$2,285$1,966$1,687$1,305
15 years$2,827$2,420$2,063$1,754$1,486$1,124
16 years$2,623$2,220$1,871$1,570$1,313$972
17 years$2,443$2,045$1,702$1,411$1,164$842
18 years$2,283$1,889$1,554$1,271$1,035$731
19 years$2,140$1,751$1,423$1,149$923$637
20 years$2,012$1,627$1,306$1,040$824$555
21 years$1,896$1,516$1,201$944$738$485
22 years$1,791$1,415$1,107$859$661$424
23 years$1,695$1,323$1,022$782$593$371
24 years$1,607$1,240$945$713$533$326
25 years$1,526$1,163$875$651$480$286
26 years$1,452$1,093$812$595$432$251
27 years$1,383$1,029$754$545$390$220
28 years$1,319$970$701$499$352$194
29 years$1,260$915$652$458$318$170
30 years$1,205$864$607$420$287$150
31 years$1,154$817$566$386$259$132
32 years$1,105$773$528$355$235$116
33 years$1,060$732$493$326$212$102
34 years$1,018$694$461$300$192$90
35 years$978$658$431$276$174$79
36 years$940$624$403$254$158$70
37 years$905$593$377$234$143$62
38 years$871$564$353$216$130$54
39 years$839$536$331$199$118$48
40 years$809$510$310$184$107$42
41 years$781$485$291$170$97$37
42 years$754$462$273$156$88$33
43 years$728$440$256$144$80$29
44 years$703$420$240$133$72$26
45 years$680$400$226$123$66$23
46 years$658$382$212$114$60$20
47 years$636$364$199$105$54$18
48 years$616$348$187$97$49$15
49 years$597$332$176$90$45$14
50 years$578$317$165$83$41$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $592,000, adding $4,589 every year, while hoping to spend $30,755 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: 41/48/11 Blend
54$592,000$592,000$592,000$592,000
55$657,118$625,742$616,566$681,740
56$691,420$623,680$604,497$697,414
57$728,191$620,486$590,994$710,956
58$767,650$616,073$575,975$724,928
59$810,036$610,347$559,357$739,382
60$855,615$603,209$541,050$754,378
61$904,676$594,554$520,963$769,984
62$957,537$584,271$499,000$786,276
63$1,014,548$572,243$475,059$803,342
64$1,076,094$558,345$449,035$821,282
65$1,142,597$542,445$420,819$840,207
66$1,214,520$524,403$390,295$860,242
67$1,292,373$504,071$357,342$881,532
68$1,376,718$481,294$321,836$904,235
69$1,468,171$455,904$283,645$928,532
70$1,567,409$427,728$242,631$954,627
71$1,675,178$396,580$198,653$982,746
72$1,792,298$362,265$151,560$1,013,144
73$1,919,672$324,575$101,196$1,046,107
74$2,058,291$283,291$47,399$1,081,956
75$2,209,248$238,184$0$1,121,047
76$2,373,744$189,008$0$1,164,957
77$2,553,102$135,506$0$1,218,969
78$2,748,778$77,405$0$1,278,036
79$2,962,373$14,418$0$1,342,737
80$3,195,652$0$0$1,413,714
81$3,450,555$0$0$1,520,080
82$3,729,220$0$0$1,644,759
83$4,034,000$0$0$1,781,199
84$4,367,486$0$0$1,930,570
85$4,732,532$0$0$2,094,158
86$5,132,278$0$0$2,273,382
87$5,570,185$0$0$2,469,805
88$6,050,062$0$0$2,685,145
89$6,576,106$0$0$2,921,298
90$7,152,938$0$0$3,180,350
91$7,785,648$0$0$3,464,599
92$8,479,843$0$0$3,776,577
93$9,241,697$0$0$4,119,072
94$10,078,013$0$0$4,495,156
95$10,996,283$0$0$4,908,213
96$12,004,762$0$0$5,361,970
97$13,112,542$0$0$5,860,533
98$14,329,640$0$0$6,408,427
99$15,667,089$0$0$7,010,634
100$17,137,046$0$0$7,672,646