Can I retire at age 55 with 534,000?

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 $534,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$44,097$43,704$43,321$42,947$42,582$41,235
2 years$21,830$21,424$21,030$20,648$20,277$18,933
3 years$14,409$14,001$13,608$13,229$12,865$11,564
4 years$10,699$10,292$9,903$9,531$9,175$7,929
5 years$8,474$8,069$7,685$7,321$6,975$5,787
6 years$6,991$6,589$6,211$5,854$5,519$4,389
7 years$5,932$5,533$5,161$4,813$4,488$3,417
8 years$5,138$4,743$4,377$4,038$3,724$2,710
9 years$4,521$4,130$3,770$3,439$3,136$2,179
10 years$4,027$3,640$3,287$2,965$2,672$1,770
11 years$3,624$3,241$2,894$2,580$2,298$1,450
12 years$3,288$2,909$2,568$2,263$1,991$1,195
13 years$3,004$2,629$2,294$1,998$1,736$990
14 years$2,761$2,389$2,061$1,774$1,522$824
15 years$2,550$2,183$1,861$1,582$1,340$688
16 years$2,366$2,003$1,687$1,416$1,184$576
17 years$2,204$1,844$1,536$1,272$1,050$483
18 years$2,059$1,704$1,402$1,147$934$406
19 years$1,931$1,579$1,283$1,036$832$342
20 years$1,815$1,468$1,178$938$743$288
21 years$1,710$1,367$1,083$852$665$243
22 years$1,615$1,276$998$774$596$205
23 years$1,529$1,194$922$705$535$174
24 years$1,450$1,118$853$643$481$147
25 years$1,377$1,049$790$587$433$124
26 years$1,310$986$732$537$390$105
27 years$1,248$928$680$492$352$89
28 years$1,190$875$632$450$317$76
29 years$1,137$825$588$413$286$64
30 years$1,087$779$548$379$259$54
31 years$1,041$737$511$348$234$46
32 years$997$697$477$320$212$39
33 years$956$660$445$294$192$33
34 years$918$626$416$271$173$28
35 years$882$593$389$249$157$24
36 years$848$563$364$230$142$20
37 years$816$535$340$211$129$17
38 years$786$508$319$195$117$15
39 years$757$483$299$180$106$12
40 years$730$460$280$166$96$10
41 years$704$438$262$153$87$9
42 years$680$417$246$141$79$8
43 years$657$397$231$130$72$6
44 years$634$379$217$120$65$5
45 years$613$361$204$111$59$5
46 years$593$344$191$103$54$4
47 years$574$329$180$95$49$3
48 years$556$314$169$88$44$3
49 years$538$300$159$81$40$2
50 years$521$286$149$75$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $534,000, adding $4,724 every year, while hoping to spend $24,377 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: 82/6/12 Blend
54$534,000$534,000$534,000$534,000
55$593,341$565,039$556,762$640,338
56$627,925$566,789$549,476$673,587
57$665,219$567,807$541,130$706,391
58$705,475$568,033$531,661$741,684
59$748,967$567,401$521,006$779,703
60$795,999$565,841$509,097$820,709
61$846,903$563,280$495,864$864,990
62$902,046$559,639$481,234$912,861
63$961,829$554,835$465,129$964,673
64$1,026,694$548,781$447,470$1,020,809
65$1,097,129$541,383$428,172$1,081,693
66$1,173,668$532,543$407,148$1,147,791
67$1,256,900$522,156$384,305$1,219,617
68$1,347,473$510,110$359,548$1,297,737
69$1,446,098$496,289$332,777$1,382,776
70$1,553,561$480,567$303,885$1,475,422
71$1,670,723$462,814$272,765$1,576,432
72$1,798,536$442,891$239,301$1,686,642
73$1,938,043$420,649$203,373$1,806,972
74$2,090,395$395,933$164,859$1,938,437
75$2,256,860$368,578$123,626$2,082,155
76$2,438,831$338,410$79,539$2,239,359
77$2,637,844$305,244$32,456$2,411,406
78$2,855,590$268,886$0$2,599,794
79$3,093,929$229,131$0$2,808,450
80$3,354,911$185,760$0$3,041,499
81$3,640,793$138,543$0$3,296,804
82$3,954,062$87,240$0$3,576,598
83$4,297,454$31,592$0$3,883,337
84$4,673,985$0$0$4,219,729
85$5,086,974$0$0$4,590,650
86$5,540,081$0$0$4,999,901
87$6,037,332$0$0$5,449,038
88$6,583,166$0$0$5,942,070
89$7,182,471$0$0$6,483,413
90$7,840,632$0$0$7,077,935
91$8,563,580$0$0$7,730,993
92$9,357,850$0$0$8,448,494
93$10,230,639$0$0$9,236,941
94$11,189,880$0$0$10,103,501
95$12,244,308$0$0$11,056,069
96$13,403,549$0$0$12,103,341
97$14,678,207$0$0$13,254,902
98$16,079,967$0$0$14,521,307
99$17,621,701$0$0$15,914,190
100$19,317,591$0$0$17,446,366