Can I retire at age 55 with 548,000?

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 $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$45,253$44,850$44,457$44,073$43,698$43,459
2 years$22,403$21,985$21,581$21,189$20,809$20,568
3 years$14,787$14,368$13,964$13,576$13,202$12,966
4 years$10,980$10,562$10,162$9,781$9,416$9,187
5 years$8,696$8,281$7,887$7,513$7,158$6,937
6 years$7,174$6,762$6,373$6,008$5,664$5,451
7 years$6,087$5,678$5,296$4,939$4,606$4,401
8 years$5,272$4,867$4,492$4,144$3,821$3,625
9 years$4,639$4,238$3,869$3,529$3,218$3,030
10 years$4,133$3,736$3,373$3,042$2,742$2,562
11 years$3,719$3,326$2,969$2,648$2,358$2,186
12 years$3,374$2,985$2,635$2,322$2,043$1,879
13 years$3,083$2,697$2,354$2,050$1,782$1,625
14 years$2,833$2,452$2,115$1,820$1,562$1,413
15 years$2,617$2,240$1,910$1,623$1,375$1,233
16 years$2,428$2,055$1,732$1,453$1,216$1,080
17 years$2,261$1,893$1,576$1,306$1,078$950
18 years$2,113$1,749$1,438$1,177$958$837
19 years$1,981$1,621$1,317$1,063$854$739
20 years$1,862$1,506$1,209$963$763$654
21 years$1,755$1,403$1,112$874$683$580
22 years$1,658$1,310$1,025$795$612$515
23 years$1,569$1,225$946$724$549$458
24 years$1,488$1,148$875$660$494$407
25 years$1,413$1,077$810$603$444$363
26 years$1,344$1,012$752$551$400$324
27 years$1,280$953$698$505$361$289
28 years$1,221$898$649$462$326$258
29 years$1,167$847$604$424$294$231
30 years$1,115$800$562$389$266$206
31 years$1,068$756$524$357$240$184
32 years$1,023$715$489$328$217$165
33 years$981$677$457$302$197$148
34 years$942$642$427$278$178$132
35 years$905$609$399$256$161$119
36 years$870$578$373$236$146$106
37 years$837$549$349$217$132$95
38 years$806$522$327$200$120$85
39 years$777$496$306$184$109$77
40 years$749$472$287$170$99$69
41 years$723$449$269$157$90$62
42 years$698$428$253$145$81$55
43 years$674$408$237$134$74$50
44 years$651$389$223$123$67$45
45 years$629$371$209$114$61$40
46 years$609$354$196$105$55$36
47 years$589$337$184$97$50$32
48 years$570$322$173$90$46$29
49 years$552$308$163$83$41$26
50 years$535$294$153$77$38$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $548,000, adding $3,243 every year, while hoping to spend $28,328 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: 31/42/27 Blend
54$548,000$548,000$548,000$548,000
55$607,241$578,197$569,703$620,956
56$639,039$576,388$558,647$629,987
57$673,131$573,541$546,272$636,984
58$709,721$569,575$532,502$643,954
59$749,032$564,404$517,262$650,915
60$791,312$557,938$500,468$657,887
61$836,829$550,081$482,037$664,898
62$885,880$540,729$461,880$671,978
63$938,791$529,776$439,904$679,165
64$995,919$517,107$416,012$686,505
65$1,057,658$502,600$390,104$694,049
66$1,124,439$486,127$362,072$701,860
67$1,196,736$467,552$331,806$710,008
68$1,275,073$446,731$299,191$718,577
69$1,360,022$423,513$264,106$727,662
70$1,452,215$397,736$226,424$737,372
71$1,552,346$369,230$186,015$747,834
72$1,661,179$337,816$142,740$759,190
73$1,779,554$303,303$96,456$771,603
74$1,908,394$265,490$47,012$785,260
75$2,048,716$224,166$0$800,369
76$2,201,640$179,105$0$818,827
77$2,368,396$130,070$0$853,807
78$2,550,341$76,812$0$892,101
79$2,748,966$19,065$0$934,105
80$2,965,912$0$0$980,254
81$3,202,989$0$0$1,051,117
82$3,462,186$0$0$1,138,306
83$3,745,695$0$0$1,233,758
84$4,055,928$0$0$1,338,296
85$4,395,542$0$0$1,452,825
86$4,767,463$0$0$1,578,345
87$5,174,913$0$0$1,715,953
88$5,621,439$0$0$1,866,860
89$6,110,949$0$0$2,032,400
90$6,647,748$0$0$2,214,042
91$7,236,575$0$0$2,413,402
92$7,882,650$0$0$2,632,264
93$8,591,726$0$0$2,872,589
94$9,370,136$0$0$3,136,541
95$10,224,859$0$0$3,426,500
96$11,163,582$0$0$3,745,091
97$12,194,771$0$0$4,095,204
98$13,327,755$0$0$4,480,025
99$14,572,811$0$0$4,903,061
100$15,941,260$0$0$5,368,179