Can I retire at age 55 with 543,000?

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 $543,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$44,840$44,441$44,051$43,671$43,300$41,998
2 years$22,198$21,785$21,384$20,996$20,619$19,318
3 years$14,652$14,237$13,837$13,452$13,081$11,823
4 years$10,879$10,465$10,070$9,691$9,330$8,123
5 years$8,616$8,205$7,815$7,444$7,092$5,940
6 years$7,108$6,700$6,315$5,953$5,612$4,516
7 years$6,032$5,627$5,248$4,894$4,564$3,524
8 years$5,224$4,823$4,451$4,106$3,786$2,801
9 years$4,597$4,199$3,833$3,497$3,189$2,258
10 years$4,095$3,702$3,342$3,015$2,717$1,839
11 years$3,685$3,295$2,942$2,624$2,337$1,510
12 years$3,343$2,958$2,611$2,301$2,025$1,248
13 years$3,054$2,673$2,333$2,032$1,766$1,037
14 years$2,807$2,430$2,096$1,803$1,548$865
15 years$2,593$2,219$1,893$1,608$1,363$724
16 years$2,406$2,036$1,716$1,440$1,204$608
17 years$2,241$1,875$1,561$1,294$1,068$511
18 years$2,094$1,733$1,425$1,166$950$431
19 years$1,963$1,606$1,305$1,054$846$364
20 years$1,845$1,492$1,198$954$756$308
21 years$1,739$1,390$1,101$866$677$261
22 years$1,643$1,298$1,015$787$606$221
23 years$1,555$1,214$937$717$544$187
24 years$1,474$1,137$867$654$489$159
25 years$1,400$1,067$803$597$440$135
26 years$1,332$1,003$745$546$397$115
27 years$1,269$944$691$500$358$97
28 years$1,210$889$643$458$323$83
29 years$1,156$839$598$420$291$70
30 years$1,105$792$557$386$263$60
31 years$1,058$749$519$354$238$51
32 years$1,014$709$485$325$215$43
33 years$972$671$453$299$195$37
34 years$934$636$423$275$176$31
35 years$897$603$395$253$160$27
36 years$862$573$370$233$145$23
37 years$830$544$346$215$131$19
38 years$799$517$324$198$119$16
39 years$770$492$304$183$108$14
40 years$742$468$285$169$98$12
41 years$716$445$267$156$89$10
42 years$691$424$250$144$81$9
43 years$668$404$235$133$73$7
44 years$645$385$221$122$66$6
45 years$624$367$207$113$60$5
46 years$603$350$194$104$55$5
47 years$584$334$183$96$50$4
48 years$565$319$172$89$45$3
49 years$547$305$161$82$41$3
50 years$530$291$152$76$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $543,000, adding $2,558 every year, while hoping to spend $36,970 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: 81/13/6 Blend
54$543,000$543,000$543,000$543,000
55$601,025$572,246$563,829$649,247
56$622,993$560,950$543,382$669,868
57$645,964$547,861$521,010$687,312
58$669,999$532,854$496,611$705,323
59$695,168$515,792$470,076$723,937
60$721,543$496,535$441,292$743,193
61$749,207$474,931$410,142$763,136
62$778,245$450,822$376,500$783,814
63$808,753$424,039$340,240$805,281
64$840,833$394,404$301,225$827,595
65$874,597$361,728$259,315$850,824
66$910,167$325,814$214,363$875,038
67$947,675$286,450$166,216$900,319
68$987,266$243,415$114,712$926,755
69$1,029,098$196,473$59,686$954,445
70$1,073,343$145,377$962$983,498
71$1,120,187$89,864$0$1,014,034
72$1,169,837$29,658$0$1,050,138
73$1,222,516$0$0$1,088,329
74$1,278,469$0$0$1,133,805
75$1,337,963$0$0$1,186,678
76$1,401,292$0$0$1,242,968
77$1,468,777$0$0$1,302,959
78$1,540,769$0$0$1,366,965
79$1,617,653$0$0$1,435,329
80$1,699,849$0$0$1,508,428
81$1,787,822$0$0$1,586,674
82$1,882,078$0$0$1,670,520
83$1,983,172$0$0$1,760,460
84$2,091,715$0$0$1,857,041
85$2,208,377$0$0$1,960,858
86$2,333,892$0$0$2,072,569
87$2,469,068$0$0$2,192,893
88$2,614,792$0$0$2,322,620
89$2,772,036$0$0$2,462,621
90$2,941,872$0$0$2,613,849
91$3,125,473$0$0$2,777,354
92$3,324,134$0$0$2,954,288
93$3,539,273$0$0$3,145,919
94$3,772,453$0$0$3,353,641
95$4,025,391$0$0$3,578,986
96$4,299,975$0$0$3,823,639
97$4,598,283$0$0$4,089,455
98$4,922,598$0$0$4,378,471
99$5,275,436$0$0$4,692,931
100$5,659,561$0$0$5,035,304