Can I retire at age 55 with 544,000?

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 $544,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$44,923$44,523$44,132$43,751$43,379$42,926
2 years$22,239$21,825$21,424$21,034$20,657$20,201
3 years$14,679$14,263$13,862$13,477$13,106$12,660
4 years$10,899$10,485$10,088$9,709$9,347$8,916
5 years$8,632$8,220$7,829$7,458$7,105$6,690
6 years$7,121$6,712$6,327$5,964$5,622$5,223
7 years$6,043$5,637$5,258$4,903$4,572$4,190
8 years$5,234$4,832$4,459$4,113$3,793$3,427
9 years$4,605$4,207$3,841$3,504$3,194$2,844
10 years$4,103$3,708$3,348$3,020$2,722$2,388
11 years$3,692$3,301$2,948$2,628$2,341$2,022
12 years$3,349$2,963$2,616$2,305$2,029$1,725
13 years$3,060$2,678$2,337$2,035$1,769$1,481
14 years$2,812$2,434$2,100$1,807$1,551$1,277
15 years$2,598$2,224$1,896$1,611$1,365$1,106
16 years$2,410$2,040$1,719$1,443$1,207$961
17 years$2,245$1,879$1,564$1,296$1,070$838
18 years$2,098$1,736$1,428$1,168$951$732
19 years$1,967$1,609$1,307$1,056$848$641
20 years$1,849$1,495$1,200$956$757$562
21 years$1,742$1,393$1,104$868$678$494
22 years$1,646$1,300$1,017$789$608$435
23 years$1,557$1,216$939$718$545$383
24 years$1,477$1,139$868$655$490$338
25 years$1,403$1,069$804$598$441$298
26 years$1,334$1,005$746$547$397$263
27 years$1,271$946$693$501$358$233
28 years$1,212$891$644$459$323$206
29 years$1,158$841$599$421$292$182
30 years$1,107$794$558$386$264$161
31 years$1,060$750$520$355$238$143
32 years$1,016$710$486$326$216$127
33 years$974$672$453$300$195$112
34 years$935$637$424$276$177$100
35 years$899$605$396$254$160$88
36 years$864$574$370$234$145$78
37 years$831$545$347$215$131$70
38 years$801$518$325$199$119$62
39 years$771$492$304$183$108$55
40 years$744$469$285$169$98$49
41 years$718$446$267$156$89$43
42 years$693$425$251$144$81$38
43 years$669$405$235$133$73$34
44 years$646$386$221$123$66$30
45 years$625$368$207$113$60$27
46 years$604$351$195$105$55$24
47 years$585$335$183$97$50$21
48 years$566$320$172$89$45$19
49 years$548$305$162$82$41$17
50 years$531$292$152$76$37$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $544,000, adding $5,058 every year, while hoping to spend $43,003 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: 35/44/21 Blend
54$544,000$544,000$544,000$544,000
55$604,705$575,873$567,441$621,854
56$620,630$558,336$540,696$617,375
57$636,739$538,499$511,613$608,212
58$653,003$516,202$480,069$597,443
59$669,393$491,280$445,935$584,952
60$685,873$463,554$409,076$570,614
61$702,402$432,839$369,350$554,295
62$718,935$398,935$326,610$535,855
63$735,417$361,634$280,703$515,144
64$751,790$320,714$231,467$492,001
65$767,986$275,943$178,734$466,257
66$783,928$227,072$122,330$437,730
67$799,531$173,841$62,071$406,227
68$814,699$115,974$0$371,542
69$829,322$53,181$0$333,957
70$843,280$0$0$307,613
71$856,437$0$0$285,571
72$868,641$0$0$288,869
73$879,722$0$0$291,688
74$889,492$0$0$293,957
75$897,740$0$0$295,590
76$904,230$0$0$296,498
77$908,703$0$0$296,576
78$910,867$0$0$295,713
79$910,401$0$0$293,782
80$906,946$0$0$290,642
81$900,104$0$0$286,139
82$889,435$0$0$280,102
83$874,450$0$0$272,339
84$854,606$0$0$262,640
85$829,304$0$0$250,771
86$797,878$0$0$236,474
87$759,592$0$0$219,462
88$713,631$0$0$199,419
89$659,095$0$0$175,996
90$594,984$0$0$148,804
91$520,197$0$0$117,417
92$433,514$0$0$81,362
93$333,588$0$0$40,117
94$218,929$0$0$0
95$87,890$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0