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%18.5%
1 years$45,831$45,423$45,025$44,636$44,256$42,737
2 years$22,689$22,266$21,857$21,460$21,075$19,559
3 years$14,976$14,551$14,143$13,749$13,371$11,907
4 years$11,120$10,697$10,292$9,906$9,536$8,135
5 years$8,807$8,386$7,987$7,609$7,249$5,915
6 years$7,265$6,848$6,455$6,085$5,736$4,470
7 years$6,165$5,751$5,364$5,002$4,665$3,466
8 years$5,340$4,930$4,549$4,196$3,870$2,737
9 years$4,698$4,292$3,918$3,574$3,259$2,192
10 years$4,186$3,783$3,416$3,081$2,777$1,773
11 years$3,766$3,368$3,007$2,682$2,388$1,445
12 years$3,417$3,023$2,669$2,352$2,070$1,186
13 years$3,122$2,732$2,385$2,077$1,805$978
14 years$2,869$2,483$2,143$1,843$1,582$810
15 years$2,650$2,268$1,934$1,644$1,393$672
16 years$2,459$2,081$1,754$1,472$1,231$560
17 years$2,290$1,917$1,596$1,323$1,092$467
18 years$2,140$1,771$1,457$1,192$971$391
19 years$2,007$1,642$1,334$1,077$865$327
20 years$1,886$1,525$1,224$975$773$274
21 years$1,778$1,421$1,126$885$691$230
22 years$1,679$1,326$1,038$805$620$193
23 years$1,589$1,240$958$733$556$163
24 years$1,507$1,162$886$669$500$137
25 years$1,431$1,091$821$611$450$115
26 years$1,361$1,025$761$558$405$97
27 years$1,297$965$707$511$365$82
28 years$1,237$909$657$468$330$69
29 years$1,181$858$611$429$298$58
30 years$1,130$810$570$394$269$49
31 years$1,081$766$531$362$243$41
32 years$1,036$724$495$333$220$35
33 years$994$686$463$306$199$29
34 years$954$650$432$281$180$25
35 years$917$617$404$259$163$21
36 years$881$585$378$239$148$18
37 years$848$556$354$220$134$15
38 years$817$528$331$203$122$13
39 years$787$502$310$187$110$11
40 years$759$478$291$172$100$9
41 years$732$455$273$159$91$8
42 years$707$433$256$147$82$6
43 years$682$413$240$135$75$5
44 years$659$394$225$125$68$5
45 years$637$375$212$115$62$4
46 years$617$358$199$107$56$3
47 years$597$342$187$99$51$3
48 years$578$326$175$91$46$2
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 $2,840 every year, while hoping to spend $22,743 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: 53/41/6 Blend
58$555,000$555,000$555,000$555,000
59$614,539$585,124$576,522$646,111
60$653,024$589,597$571,637$672,275
61$694,672$593,527$565,826$697,988
62$739,782$596,863$559,035$725,408
63$788,681$599,551$551,204$754,701
64$841,732$601,535$542,275$786,049
65$899,332$602,752$532,184$819,654
66$961,916$603,140$520,865$855,740
67$1,029,966$602,628$508,248$894,552
68$1,104,010$601,144$494,262$936,365
69$1,184,629$598,610$478,830$981,479
70$1,272,464$594,945$461,873$1,030,229
71$1,368,218$590,061$443,309$1,082,983
72$1,472,668$583,865$423,051$1,140,148
73$1,586,665$576,259$401,009$1,202,176
74$1,711,149$567,140$377,087$1,269,563
75$1,847,154$556,398$351,187$1,342,862
76$1,995,818$543,915$323,206$1,422,679
77$2,158,393$529,569$293,035$1,509,687
78$2,336,260$513,229$260,562$1,604,629
79$2,530,937$494,755$225,669$1,708,324
80$2,744,097$474,003$188,234$1,821,680
81$2,977,582$450,816$148,126$1,945,698
82$3,233,420$425,031$105,213$2,081,483
83$3,513,845$396,474$59,355$2,230,258
84$3,821,319$364,962$10,405$2,393,371
85$4,158,550$330,302$0$2,572,313
86$4,528,524$292,289$0$2,771,407
87$4,934,528$250,705$0$2,990,677
88$5,380,183$205,323$0$3,231,473
89$5,869,479$155,901$0$3,496,021
90$6,406,809$102,183$0$3,786,777
91$6,997,013$43,901$0$4,106,452
92$7,645,426$0$0$4,458,040
93$8,357,919$0$0$4,853,517
94$9,140,966$0$0$5,309,981
95$10,001,696$0$0$5,811,789
96$10,947,963$0$0$6,363,527
97$11,988,422$0$0$6,970,249
98$13,132,605$0$0$7,637,522
99$14,391,019$0$0$8,371,481
100$15,775,235$0$0$9,178,883