Can I retire at age 59 with 555,000?

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 $555,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$45,831$45,423$45,025$44,636$44,256$42,840
2 years$22,689$22,266$21,857$21,460$21,075$19,660
3 years$14,976$14,551$14,143$13,749$13,371$12,003
4 years$11,120$10,697$10,292$9,906$9,536$8,226
5 years$8,807$8,386$7,987$7,609$7,249$6,000
6 years$7,265$6,848$6,455$6,085$5,736$4,549
7 years$6,165$5,751$5,364$5,002$4,665$3,539
8 years$5,340$4,930$4,549$4,196$3,870$2,805
9 years$4,698$4,292$3,918$3,574$3,259$2,254
10 years$4,186$3,783$3,416$3,081$2,777$1,830
11 years$3,766$3,368$3,007$2,682$2,388$1,498
12 years$3,417$3,023$2,669$2,352$2,070$1,234
13 years$3,122$2,732$2,385$2,077$1,805$1,022
14 years$2,869$2,483$2,143$1,843$1,582$849
15 years$2,650$2,268$1,934$1,644$1,393$709
16 years$2,459$2,081$1,754$1,472$1,231$593
17 years$2,290$1,917$1,596$1,323$1,092$497
18 years$2,140$1,771$1,457$1,192$971$417
19 years$2,007$1,642$1,334$1,077$865$351
20 years$1,886$1,525$1,224$975$773$296
21 years$1,778$1,421$1,126$885$691$249
22 years$1,679$1,326$1,038$805$620$210
23 years$1,589$1,240$958$733$556$178
24 years$1,507$1,162$886$669$500$150
25 years$1,431$1,091$821$611$450$127
26 years$1,361$1,025$761$558$405$107
27 years$1,297$965$707$511$365$91
28 years$1,237$909$657$468$330$77
29 years$1,181$858$611$429$298$65
30 years$1,130$810$570$394$269$55
31 years$1,081$766$531$362$243$47
32 years$1,036$724$495$333$220$40
33 years$994$686$463$306$199$34
34 years$954$650$432$281$180$28
35 years$917$617$404$259$163$24
36 years$881$585$378$239$148$20
37 years$848$556$354$220$134$17
38 years$817$528$331$203$122$15
39 years$787$502$310$187$110$12
40 years$759$478$291$172$100$11
41 years$732$455$273$159$91$9
42 years$707$433$256$147$82$8
43 years$682$413$240$135$75$6
44 years$659$394$225$125$68$5
45 years$637$375$212$115$62$5
46 years$617$358$199$107$56$4
47 years$597$342$187$99$51$3
48 years$578$326$175$91$46$3
49 years$559$311$165$84$42$2
50 years$542$298$155$78$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $555,000, adding $3,329 every year, while hoping to spend $38,309 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: 40/50/10 Blend
58$555,000$555,000$555,000$555,000
59$615,044$585,629$577,026$637,674
60$637,018$573,564$555,596$641,851
61$659,949$559,624$532,164$642,314
62$683,895$543,677$506,623$641,956
63$708,918$525,582$478,860$640,720
64$735,083$505,192$448,758$638,545
65$762,464$482,349$416,193$635,367
66$791,138$456,887$381,039$631,122
67$821,191$428,631$343,160$625,740
68$852,714$397,395$302,417$619,151
69$885,806$362,983$258,664$611,280
70$920,577$325,187$211,747$602,051
71$957,143$283,789$161,508$591,384
72$995,633$238,556$107,781$579,197
73$1,036,186$189,244$50,390$565,405
74$1,078,954$135,594$0$549,921
75$1,124,103$77,333$0$533,814
76$1,171,812$14,173$0$521,645
77$1,222,278$0$0$507,961
78$1,275,717$0$0$522,502
79$1,332,362$0$0$546,217
80$1,392,471$0$0$571,418
81$1,456,324$0$0$598,230
82$1,524,227$0$0$626,784
83$1,596,515$0$0$657,228
84$1,673,557$0$0$689,723
85$1,755,755$0$0$724,444
86$1,843,548$0$0$761,585
87$1,937,421$0$0$801,356
88$2,037,902$0$0$843,989
89$2,145,573$0$0$889,739
90$2,261,070$0$0$938,886
91$2,385,093$0$0$991,734
92$2,518,407$0$0$1,048,621
93$2,661,855$0$0$1,109,916
94$2,816,363$0$0$1,176,025
95$2,982,944$0$0$1,247,393
96$3,162,715$0$0$1,324,511
97$3,356,902$0$0$1,407,915
98$3,566,850$0$0$1,498,198
99$3,794,041$0$0$1,596,011
100$4,040,101$0$0$1,702,068