Can I retire at age 55 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$45,418$45,014$44,619$44,234$43,858$43,508
2 years$22,484$22,066$21,660$21,266$20,885$20,533
3 years$14,841$14,420$14,015$13,626$13,250$12,906
4 years$11,020$10,600$10,200$9,816$9,450$9,117
5 years$8,728$8,311$7,915$7,540$7,184$6,862
6 years$7,200$6,786$6,397$6,030$5,684$5,375
7 years$6,109$5,699$5,316$4,957$4,623$4,326
8 years$5,292$4,885$4,508$4,159$3,835$3,550
9 years$4,656$4,254$3,883$3,542$3,230$2,957
10 years$4,148$3,749$3,385$3,053$2,752$2,491
11 years$3,732$3,338$2,980$2,657$2,367$2,118
12 years$3,386$2,996$2,645$2,331$2,051$1,814
13 years$3,094$2,707$2,363$2,058$1,788$1,563
14 years$2,843$2,461$2,123$1,827$1,568$1,353
15 years$2,626$2,248$1,917$1,629$1,380$1,177
16 years$2,437$2,063$1,738$1,459$1,220$1,027
17 years$2,270$1,900$1,582$1,311$1,082$898
18 years$2,121$1,755$1,444$1,181$962$788
19 years$1,989$1,627$1,322$1,067$857$693
20 years$1,869$1,512$1,213$967$766$611
21 years$1,762$1,408$1,116$877$685$539
22 years$1,664$1,314$1,028$798$614$477
23 years$1,575$1,229$949$726$551$422
24 years$1,493$1,152$878$663$496$374
25 years$1,418$1,081$813$605$446$331
26 years$1,349$1,016$754$553$402$294
27 years$1,285$956$700$506$362$261
28 years$1,226$901$651$464$327$232
29 years$1,171$850$606$425$295$207
30 years$1,120$803$564$390$267$184
31 years$1,072$759$526$359$241$164
32 years$1,027$718$491$330$218$146
33 years$985$680$458$303$197$130
34 years$946$644$428$279$179$116
35 years$908$611$400$257$162$103
36 years$874$580$375$236$147$92
37 years$841$551$351$218$133$82
38 years$809$524$328$201$120$73
39 years$780$498$308$185$109$65
40 years$752$474$288$171$99$58
41 years$725$451$270$158$90$52
42 years$700$429$254$145$82$46
43 years$676$409$238$134$74$41
44 years$653$390$223$124$67$37
45 years$632$372$210$114$61$33
46 years$611$355$197$106$55$30
47 years$591$339$185$98$50$26
48 years$572$323$174$90$46$24
49 years$554$309$163$83$41$21
50 years$537$295$154$77$38$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $550,000, adding $4,044 every year, while hoping to spend $43,047 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: 69/19/12 Blend
54$550,000$550,000$550,000$550,000
55$610,271$581,121$572,596$650,526
56$626,717$563,795$545,977$660,459
57$643,398$544,176$517,022$665,763
58$660,292$522,108$485,610$670,439
59$677,374$497,424$451,610$674,420
60$694,615$469,946$414,888$677,631
61$711,982$439,489$375,302$679,993
62$729,434$405,855$332,706$681,419
63$746,930$368,835$286,944$681,813
64$764,417$328,208$237,858$681,075
65$781,839$283,742$185,277$679,094
66$799,130$235,189$129,028$675,749
67$816,219$182,290$68,927$670,910
68$833,020$124,770$4,784$664,436
69$849,442$62,338$0$656,174
70$865,380$0$0$654,109
71$880,717$0$0$652,203
72$895,320$0$0$662,757
73$909,044$0$0$672,624
74$921,722$0$0$681,679
75$933,173$0$0$689,782
76$943,191$0$0$696,776
77$951,547$0$0$702,487
78$957,989$0$0$706,722
79$962,234$0$0$709,266
80$963,967$0$0$709,878
81$962,840$0$0$708,294
82$958,465$0$0$704,217
83$950,413$0$0$697,319
84$938,206$0$0$687,239
85$921,316$0$0$673,572
86$899,156$0$0$655,872
87$871,078$0$0$633,646
88$836,363$0$0$606,345
89$794,214$0$0$573,363
90$743,751$0$0$534,030
91$684,000$0$0$487,604
92$613,882$0$0$433,264
93$532,206$0$0$370,103
94$437,654$0$0$297,119
95$328,768$0$0$213,201
96$203,941$0$0$117,126
97$61,393$0$0$7,540
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0