Can I retire at age 55 with 539,000?

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 $539,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$44,510$44,114$43,727$43,349$42,981$41,456
2 years$22,035$21,624$21,227$20,841$20,467$18,947
3 years$14,544$14,132$13,735$13,353$12,985$11,518
4 years$10,799$10,388$9,996$9,620$9,261$7,857
5 years$8,553$8,145$7,757$7,389$7,040$5,704
6 years$7,056$6,651$6,269$5,909$5,571$4,303
7 years$5,987$5,585$5,209$4,858$4,530$3,331
8 years$5,186$4,788$4,418$4,075$3,758$2,626
9 years$4,563$4,168$3,805$3,471$3,165$2,099
10 years$4,065$3,674$3,317$2,992$2,697$1,694
11 years$3,658$3,271$2,921$2,604$2,319$1,379
12 years$3,319$2,936$2,592$2,284$2,010$1,129
13 years$3,032$2,653$2,316$2,017$1,753$929
14 years$2,786$2,412$2,081$1,790$1,536$768
15 years$2,574$2,203$1,879$1,597$1,353$636
16 years$2,388$2,021$1,703$1,430$1,196$529
17 years$2,224$1,862$1,550$1,284$1,060$440
18 years$2,079$1,720$1,415$1,158$943$367
19 years$1,949$1,594$1,295$1,046$840$307
20 years$1,832$1,481$1,189$947$750$257
21 years$1,726$1,380$1,093$860$672$215
22 years$1,630$1,288$1,008$782$602$180
23 years$1,543$1,205$930$712$540$151
24 years$1,463$1,129$861$649$486$127
25 years$1,390$1,059$797$593$437$106
26 years$1,322$996$739$542$394$89
27 years$1,259$937$686$496$355$75
28 years$1,201$883$638$455$320$63
29 years$1,147$833$594$417$289$53
30 years$1,097$787$553$383$261$45
31 years$1,050$744$516$351$236$38
32 years$1,006$704$481$323$214$32
33 years$965$666$449$297$193$27
34 years$927$631$420$273$175$22
35 years$890$599$392$252$159$19
36 years$856$568$367$232$144$16
37 years$824$540$344$213$130$13
38 years$793$513$322$197$118$11
39 years$764$488$301$181$107$9
40 years$737$464$283$167$97$8
41 years$711$442$265$154$88$7
42 years$686$421$249$142$80$6
43 years$663$401$233$132$73$5
44 years$640$382$219$121$66$4
45 years$619$364$206$112$60$3
46 years$599$348$193$104$54$3
47 years$579$332$181$96$49$2
48 years$561$317$170$88$45$2
49 years$543$302$160$82$41$2
50 years$526$289$151$76$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $539,000, adding $5,916 every year, while hoping to spend $31,073 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: 56/18/26 Blend
54$539,000$539,000$539,000$539,000
55$600,080$571,513$563,159$629,106
56$628,227$566,456$548,963$644,630
57$658,203$560,110$533,251$657,786
58$690,163$552,378$515,937$671,477
59$724,275$543,159$496,936$685,764
60$760,722$532,346$476,155$700,716
61$799,709$519,824$453,499$716,411
62$841,456$505,472$428,868$732,936
63$886,207$489,162$402,158$750,390
64$934,228$470,759$373,258$768,881
65$985,813$450,120$342,056$788,533
66$1,041,283$427,093$308,432$809,484
67$1,100,990$401,517$272,261$831,888
68$1,165,323$373,223$233,414$855,918
69$1,234,707$342,032$191,754$881,765
70$1,309,610$307,754$147,140$909,644
71$1,390,544$270,189$99,424$939,796
72$1,478,076$229,124$48,451$972,487
73$1,572,826$184,337$0$1,008,014
74$1,675,475$135,591$0$1,048,359
75$1,786,775$82,636$0$1,106,692
76$1,907,550$25,209$0$1,170,017
77$2,038,708$0$0$1,238,841
78$2,181,246$0$0$1,321,046
79$2,336,262$0$0$1,415,921
80$2,504,965$0$0$1,519,217
81$2,688,684$0$0$1,631,754
82$2,888,880$0$0$1,754,433
83$3,107,164$0$0$1,888,248
84$3,345,306$0$0$2,034,289
85$3,605,258$0$0$2,193,760
86$3,889,164$0$0$2,367,984
87$4,199,388$0$0$2,558,419
88$4,538,532$0$0$2,766,668
89$4,909,458$0$0$2,994,498
90$5,315,321$0$0$3,243,855
91$5,759,592$0$0$3,516,879
92$6,246,095$0$0$3,815,929
93$6,779,041$0$0$4,143,603
94$7,363,067$0$0$4,502,760
95$8,003,279$0$0$4,896,552
96$8,705,301$0$0$5,328,448
97$9,475,329$0$0$5,802,269
98$10,320,186$0$0$6,322,225
99$11,247,387$0$0$6,892,952
100$12,265,211$0$0$7,519,558