Can I retire at age 55 with 545,000?

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 $545,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$45,006$44,605$44,214$43,832$43,459$43,149
2 years$22,280$21,865$21,463$21,073$20,695$20,382
3 years$14,706$14,289$13,888$13,502$13,130$12,824
4 years$10,919$10,504$10,107$9,727$9,364$9,068
5 years$8,648$8,235$7,843$7,471$7,118$6,833
6 years$7,135$6,725$6,339$5,975$5,633$5,357
7 years$6,054$5,647$5,267$4,912$4,581$4,317
8 years$5,244$4,841$4,467$4,121$3,800$3,547
9 years$4,614$4,215$3,848$3,510$3,200$2,958
10 years$4,110$3,715$3,354$3,026$2,727$2,495
11 years$3,698$3,307$2,953$2,633$2,345$2,123
12 years$3,356$2,969$2,621$2,310$2,032$1,821
13 years$3,066$2,683$2,342$2,039$1,772$1,571
14 years$2,817$2,438$2,104$1,810$1,553$1,362
15 years$2,602$2,228$1,900$1,614$1,368$1,186
16 years$2,415$2,044$1,722$1,445$1,209$1,036
17 years$2,249$1,882$1,567$1,299$1,072$908
18 years$2,102$1,739$1,431$1,170$953$798
19 years$1,970$1,612$1,310$1,058$849$703
20 years$1,852$1,498$1,202$958$759$620
21 years$1,746$1,395$1,106$869$679$548
22 years$1,649$1,302$1,019$790$609$485
23 years$1,560$1,218$941$720$546$430
24 years$1,479$1,141$870$657$491$382
25 years$1,405$1,071$806$600$442$339
26 years$1,337$1,007$747$548$398$301
27 years$1,273$947$694$502$359$268
28 years$1,215$893$645$460$324$239
29 years$1,160$842$600$422$292$213
30 years$1,109$795$559$387$264$189
31 years$1,062$752$521$355$239$169
32 years$1,018$711$486$327$216$151
33 years$976$674$454$300$196$135
34 years$937$639$424$276$177$120
35 years$900$606$397$254$160$107
36 years$866$575$371$234$145$96
37 years$833$546$347$216$132$86
38 years$802$519$325$199$119$77
39 years$773$493$305$183$108$68
40 years$745$469$286$169$98$61
41 years$719$447$268$156$89$55
42 years$694$426$251$144$81$49
43 years$670$405$236$133$73$44
44 years$648$386$221$123$67$39
45 years$626$369$208$113$60$35
46 years$605$352$195$105$55$31
47 years$586$336$183$97$50$28
48 years$567$320$172$89$45$25
49 years$549$306$162$83$41$22
50 years$532$292$152$76$37$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $545,000, adding $6,583 every year, while hoping to spend $33,329 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: 45/35/20 Blend
54$545,000$545,000$545,000$545,000
55$607,380$578,495$570,048$630,950
56$633,871$571,380$553,683$641,039
57$661,947$562,799$535,652$648,162
58$691,735$552,645$515,865$655,196
59$723,372$540,805$494,227$662,148
60$757,011$527,158$470,638$669,029
61$792,816$511,579$444,995$675,852
62$830,968$493,932$417,187$682,636
63$871,667$474,074$387,103$689,403
64$915,129$451,856$354,623$696,182
65$961,593$427,117$319,623$703,006
66$1,011,319$399,690$281,974$709,916
67$1,064,594$369,395$241,541$716,961
68$1,121,731$336,045$198,182$724,198
69$1,183,077$299,440$151,750$731,695
70$1,249,007$259,369$102,090$739,530
71$1,319,938$215,611$49,042$747,795
72$1,396,326$167,929$0$756,593
73$1,478,670$116,077$0$767,662
74$1,567,521$59,791$0$790,798
75$1,663,482$0$0$815,724
76$1,767,218$0$0$843,123
77$1,879,457$0$0$897,736
78$2,001,003$0$0$956,930
79$2,132,736$0$0$1,021,143
80$2,275,627$0$0$1,090,853
81$2,430,740$0$0$1,166,588
82$2,599,250$0$0$1,248,930
83$2,782,446$0$0$1,338,515
84$2,981,748$0$0$1,436,048
85$3,198,715$0$0$1,542,300
86$3,435,068$0$0$1,658,124
87$3,692,697$0$0$1,784,454
88$3,973,682$0$0$1,922,321
89$4,280,314$0$0$2,072,861
90$4,615,113$0$0$2,237,321
91$4,980,856$0$0$2,417,077
92$5,380,597$0$0$2,613,641
93$5,817,701$0$0$2,828,681
94$6,295,869$0$0$3,064,031
95$6,819,181$0$0$3,321,711
96$7,392,126$0$0$3,603,947
97$8,019,650$0$0$3,913,189
98$8,707,196$0$0$4,252,135
99$9,460,764$0$0$4,623,758
100$10,286,956$0$0$5,031,330