Can I retire at age 55 with 549,000?

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 $549,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$45,336$44,932$44,538$44,154$43,778$43,557
2 years$22,444$22,026$21,620$21,228$20,847$20,624
3 years$14,814$14,394$13,990$13,601$13,226$13,008
4 years$11,000$10,581$10,181$9,799$9,433$9,221
5 years$8,712$8,296$7,901$7,526$7,171$6,966
6 years$7,187$6,774$6,385$6,019$5,674$5,477
7 years$6,098$5,689$5,306$4,948$4,614$4,425
8 years$5,282$4,876$4,500$4,151$3,828$3,646
9 years$4,648$4,246$3,876$3,536$3,224$3,049
10 years$4,140$3,742$3,379$3,048$2,747$2,580
11 years$3,726$3,332$2,975$2,653$2,362$2,203
12 years$3,380$2,990$2,640$2,327$2,047$1,895
13 years$3,088$2,702$2,359$2,054$1,785$1,640
14 years$2,838$2,456$2,119$1,823$1,565$1,426
15 years$2,622$2,244$1,913$1,626$1,378$1,246
16 years$2,432$2,059$1,735$1,456$1,218$1,092
17 years$2,265$1,896$1,579$1,308$1,080$961
18 years$2,117$1,752$1,441$1,179$960$847
19 years$1,985$1,624$1,319$1,065$856$749
20 years$1,866$1,509$1,211$965$764$663
21 years$1,758$1,405$1,114$876$684$588
22 years$1,661$1,312$1,026$796$613$523
23 years$1,572$1,227$948$725$550$465
24 years$1,490$1,150$876$661$495$414
25 years$1,415$1,079$812$604$445$369
26 years$1,346$1,014$753$552$401$330
27 years$1,283$954$699$505$362$294
28 years$1,224$899$650$463$326$263
29 years$1,169$848$605$425$295$235
30 years$1,118$801$563$390$266$211
31 years$1,070$757$525$358$241$189
32 years$1,025$717$490$329$218$169
33 years$983$679$458$303$197$151
34 years$944$643$427$278$178$136
35 years$907$610$400$256$162$122
36 years$872$579$374$236$146$109
37 years$839$550$350$217$133$98
38 years$808$523$328$200$120$88
39 years$778$497$307$185$109$79
40 years$751$473$288$170$99$71
41 years$724$450$270$157$90$64
42 years$699$429$253$145$81$57
43 years$675$408$238$134$74$51
44 years$652$389$223$124$67$46
45 years$631$371$209$114$61$41
46 years$610$354$197$106$55$37
47 years$590$338$185$97$50$33
48 years$571$323$174$90$46$30
49 years$553$308$163$83$41$27
50 years$536$294$153$77$38$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $549,000, adding $3,710 every year, while hoping to spend $45,387 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: 65/10/25 Blend
54$549,000$549,000$549,000$549,000
55$608,825$579,728$571,218$644,199
56$622,634$559,843$542,063$648,618
57$636,330$537,463$510,409$648,024
58$649,854$512,417$476,126$646,350
59$663,138$484,525$439,076$643,497
60$676,109$453,597$399,116$639,351
61$688,680$419,431$356,094$633,793
62$700,757$381,815$309,855$626,692
63$712,234$340,524$260,235$617,907
64$722,991$295,319$207,062$607,282
65$732,897$245,950$150,159$594,651
66$741,801$192,150$89,338$579,831
67$749,539$133,640$24,406$562,625
68$755,928$70,124$0$542,816
69$760,760$1,288$0$532,145
70$763,809$0$0$526,109
71$764,821$0$0$526,026
72$763,513$0$0$524,402
73$759,574$0$0$520,871
74$752,656$0$0$515,185
75$742,373$0$0$507,065
76$728,300$0$0$496,206
77$709,963$0$0$482,269
78$686,837$0$0$464,876
79$658,343$0$0$443,612
80$623,839$0$0$418,016
81$582,612$0$0$387,577
82$533,878$0$0$351,732
83$476,766$0$0$309,855
84$410,313$0$0$261,259
85$333,458$0$0$205,179
86$245,024$0$0$140,773
87$143,713$0$0$67,109
88$28,089$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$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