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%11.2%
1 years$48,887$48,451$48,026$47,612$47,207$46,968
2 years$24,201$23,751$23,314$22,890$22,479$22,239
3 years$15,974$15,521$15,086$14,666$14,262$14,027
4 years$11,861$11,410$10,978$10,566$10,172$9,943
5 years$9,394$8,945$8,520$8,116$7,732$7,512
6 years$7,750$7,305$6,885$6,490$6,118$5,906
7 years$6,576$6,134$5,722$5,336$4,976$4,771
8 years$5,696$5,258$4,852$4,476$4,128$3,932
9 years$5,012$4,578$4,179$3,813$3,476$3,288
10 years$4,465$4,036$3,644$3,287$2,962$2,782
11 years$4,017$3,593$3,208$2,860$2,547$2,375
12 years$3,645$3,225$2,847$2,509$2,208$2,043
13 years$3,330$2,914$2,543$2,215$1,925$1,768
14 years$3,060$2,649$2,285$1,966$1,687$1,538
15 years$2,827$2,420$2,063$1,754$1,486$1,343
16 years$2,623$2,220$1,871$1,570$1,313$1,178
17 years$2,443$2,045$1,702$1,411$1,164$1,036
18 years$2,283$1,889$1,554$1,271$1,035$913
19 years$2,140$1,751$1,423$1,149$923$807
20 years$2,012$1,627$1,306$1,040$824$715
21 years$1,896$1,516$1,201$944$738$634
22 years$1,791$1,415$1,107$859$661$564
23 years$1,695$1,323$1,022$782$593$501
24 years$1,607$1,240$945$713$533$447
25 years$1,526$1,163$875$651$480$398
26 years$1,452$1,093$812$595$432$355
27 years$1,383$1,029$754$545$390$317
28 years$1,319$970$701$499$352$284
29 years$1,260$915$652$458$318$254
30 years$1,205$864$607$420$287$227
31 years$1,154$817$566$386$259$203
32 years$1,105$773$528$355$235$182
33 years$1,060$732$493$326$212$163
34 years$1,018$694$461$300$192$146
35 years$978$658$431$276$174$131
36 years$940$624$403$254$158$118
37 years$905$593$377$234$143$106
38 years$871$564$353$216$130$95
39 years$839$536$331$199$118$85
40 years$809$510$310$184$107$76
41 years$781$485$291$170$97$69
42 years$754$462$273$156$88$62
43 years$728$440$256$144$80$55
44 years$703$420$240$133$72$50
45 years$680$400$226$123$66$45
46 years$658$382$212$114$60$40
47 years$636$364$199$105$54$36
48 years$616$348$187$97$49$32
49 years$597$332$176$90$45$29
50 years$578$317$165$83$41$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $592,000, adding $5,459 every year, while hoping to spend $26,582 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: 41/36/23 Blend
54$592,000$592,000$592,000$592,000
55$658,015$626,639$617,463$680,344
56$696,849$629,061$609,865$699,277
57$738,754$630,711$601,121$716,815
58$784,014$631,523$591,166$735,266
59$832,943$631,427$579,929$754,729
60$885,884$630,348$567,338$775,315
61$943,217$628,208$553,317$797,145
62$1,005,358$624,923$537,785$820,359
63$1,072,763$620,403$520,660$845,109
64$1,145,938$614,555$501,855$871,566
65$1,225,434$607,279$481,278$899,922
66$1,311,861$598,468$458,833$930,388
67$1,405,889$588,011$434,422$963,201
68$1,508,254$575,789$407,940$998,626
69$1,619,768$561,674$379,278$1,036,954
70$1,741,323$545,535$348,323$1,078,511
71$1,873,902$527,230$314,955$1,123,661
72$2,018,584$506,609$279,051$1,172,805
73$2,176,562$483,514$240,481$1,226,390
74$2,349,143$457,779$199,109$1,284,914
75$2,537,771$429,225$154,794$1,348,928
76$2,744,032$397,666$107,389$1,419,042
77$2,969,676$362,904$56,739$1,495,937
78$3,216,627$324,730$2,683$1,580,363
79$3,487,004$282,923$0$1,673,157
80$3,783,141$237,249$0$1,788,740
81$4,107,609$187,462$0$1,916,220
82$4,463,238$133,300$0$2,056,117
83$4,853,146$74,490$0$2,209,735
84$5,280,766$10,739$0$2,378,517
85$5,749,880$0$0$2,564,053
86$6,264,654$0$0$2,791,184
87$6,829,676$0$0$3,045,234
88$7,450,000$0$0$3,324,231
89$8,131,193$0$0$3,630,690
90$8,879,389$0$0$3,967,381
91$9,701,344$0$0$4,337,355
92$10,604,500$0$0$4,743,973
93$11,597,057$0$0$5,190,938
94$12,688,048$0$0$5,682,331
95$13,887,425$0$0$6,222,647
96$15,206,152$0$0$6,816,837
97$16,656,309$0$0$7,470,358
98$18,251,204$0$0$8,189,222
99$20,005,502$0$0$8,980,052
100$21,935,357$0$0$9,850,146