Can I retire at age 55 with 538,000?

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 $538,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$44,428$44,032$43,646$43,269$42,901$41,762
2 years$21,994$21,584$21,187$20,802$20,429$19,290
3 years$14,517$14,106$13,710$13,328$12,961$11,857
4 years$10,779$10,369$9,977$9,602$9,244$8,183
5 years$8,537$8,129$7,743$7,375$7,027$6,013
6 years$7,043$6,638$6,257$5,898$5,560$4,594
7 years$5,976$5,575$5,200$4,849$4,522$3,603
8 years$5,176$4,779$4,410$4,068$3,751$2,879
9 years$4,555$4,161$3,798$3,465$3,159$2,333
10 years$4,057$3,667$3,311$2,987$2,692$1,911
11 years$3,651$3,265$2,915$2,599$2,315$1,579
12 years$3,312$2,930$2,587$2,280$2,006$1,312
13 years$3,026$2,648$2,311$2,013$1,749$1,097
14 years$2,781$2,407$2,077$1,787$1,534$921
15 years$2,569$2,199$1,875$1,594$1,350$776
16 years$2,384$2,018$1,700$1,427$1,193$655
17 years$2,220$1,858$1,547$1,282$1,058$555
18 years$2,075$1,717$1,412$1,155$941$471
19 years$1,945$1,591$1,293$1,044$839$401
20 years$1,828$1,479$1,186$946$749$341
21 years$1,723$1,377$1,091$858$670$291
22 years$1,627$1,286$1,006$780$601$248
23 years$1,540$1,202$929$711$539$212
24 years$1,460$1,127$859$648$485$181
25 years$1,387$1,057$796$592$436$155
26 years$1,319$994$738$541$393$132
27 years$1,257$935$685$495$354$113
28 years$1,199$881$637$454$320$97
29 years$1,145$831$593$416$289$83
30 years$1,095$785$552$382$261$71
31 years$1,048$742$515$351$236$61
32 years$1,005$702$480$322$213$52
33 years$963$665$448$296$193$45
34 years$925$630$419$273$175$39
35 years$889$598$392$251$158$33
36 years$854$567$366$231$143$28
37 years$822$539$343$213$130$24
38 years$792$512$321$196$118$21
39 years$763$487$301$181$107$18
40 years$736$463$282$167$97$15
41 years$710$441$264$154$88$13
42 years$685$420$248$142$80$11
43 years$662$400$233$131$72$10
44 years$639$382$218$121$66$8
45 years$618$364$205$112$60$7
46 years$598$347$193$103$54$6
47 years$578$331$181$96$49$5
48 years$560$316$170$88$45$5
49 years$542$302$160$82$41$4
50 years$525$288$150$75$37$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $538,000, adding $2,064 every year, while hoping to spend $39,356 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: 43/48/9 Blend
54$538,000$538,000$538,000$538,000
55$595,005$566,491$558,152$618,955
56$613,821$552,375$534,976$621,705
57$633,237$536,247$509,704$620,528
58$653,273$517,969$482,225$618,359
59$673,950$497,392$452,422$615,122
60$695,287$474,359$420,173$610,738
61$717,308$448,704$385,350$605,121
62$740,035$420,252$347,820$598,181
63$763,491$388,817$307,445$589,824
64$787,700$354,202$264,078$579,949
65$812,689$316,201$217,567$568,448
66$838,482$274,594$167,755$555,210
67$865,108$229,150$114,475$540,116
68$892,594$179,624$57,555$523,039
69$920,970$125,757$0$503,847
70$950,267$67,276$0$482,706
71$980,515$3,894$0$465,079
72$1,011,748$0$0$445,296
73$1,044,001$0$0$457,383
74$1,077,308$0$0$471,990
75$1,111,708$0$0$487,078
76$1,147,239$0$0$502,663
77$1,183,941$0$0$518,765
78$1,221,857$0$0$535,400
79$1,261,030$0$0$552,590
80$1,301,508$0$0$570,354
81$1,343,337$0$0$588,715
82$1,386,569$0$0$607,694
83$1,431,256$0$0$627,315
84$1,477,454$0$0$647,603
85$1,525,221$0$0$668,584
86$1,574,617$0$0$690,285
87$1,625,708$0$0$712,735
88$1,678,559$0$0$735,964
89$1,733,243$0$0$760,004
90$1,789,835$0$0$784,889
91$1,848,412$0$0$810,654
92$1,909,058$0$0$837,337
93$1,971,862$0$0$864,978
94$2,036,916$0$0$893,618
95$2,104,320$0$0$923,303
96$2,174,177$0$0$954,079
97$2,246,599$0$0$985,998
98$2,321,704$0$0$1,019,111
99$2,399,617$0$0$1,053,478
100$2,480,471$0$0$1,089,158