Can I retire at age 55 with 555,000?

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 $555,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$45,831$45,423$45,025$44,636$44,256$43,978
2 years$22,689$22,266$21,857$21,460$21,075$20,793
3 years$14,976$14,551$14,143$13,749$13,371$13,095
4 years$11,120$10,697$10,292$9,906$9,536$9,269
5 years$8,807$8,386$7,987$7,609$7,249$6,992
6 years$7,265$6,848$6,455$6,085$5,736$5,488
7 years$6,165$5,751$5,364$5,002$4,665$4,427
8 years$5,340$4,930$4,549$4,196$3,870$3,641
9 years$4,698$4,292$3,918$3,574$3,259$3,040
10 years$4,186$3,783$3,416$3,081$2,777$2,567
11 years$3,766$3,368$3,007$2,682$2,388$2,188
12 years$3,417$3,023$2,669$2,352$2,070$1,878
13 years$3,122$2,732$2,385$2,077$1,805$1,623
14 years$2,869$2,483$2,143$1,843$1,582$1,409
15 years$2,650$2,268$1,934$1,644$1,393$1,228
16 years$2,459$2,081$1,754$1,472$1,231$1,074
17 years$2,290$1,917$1,596$1,323$1,092$943
18 years$2,140$1,771$1,457$1,192$971$830
19 years$2,007$1,642$1,334$1,077$865$732
20 years$1,886$1,525$1,224$975$773$647
21 years$1,778$1,421$1,126$885$691$572
22 years$1,679$1,326$1,038$805$620$507
23 years$1,589$1,240$958$733$556$450
24 years$1,507$1,162$886$669$500$400
25 years$1,431$1,091$821$611$450$356
26 years$1,361$1,025$761$558$405$317
27 years$1,297$965$707$511$365$283
28 years$1,237$909$657$468$330$252
29 years$1,181$858$611$429$298$225
30 years$1,130$810$570$394$269$201
31 years$1,081$766$531$362$243$179
32 years$1,036$724$495$333$220$160
33 years$994$686$463$306$199$143
34 years$954$650$432$281$180$128
35 years$917$617$404$259$163$115
36 years$881$585$378$239$148$103
37 years$848$556$354$220$134$92
38 years$817$528$331$203$122$82
39 years$787$502$310$187$110$74
40 years$759$478$291$172$100$66
41 years$732$455$273$159$91$59
42 years$707$433$256$147$82$53
43 years$682$413$240$135$75$47
44 years$659$394$225$125$68$42
45 years$637$375$212$115$62$38
46 years$617$358$199$107$56$34
47 years$597$342$187$99$51$31
48 years$578$326$175$91$46$27
49 years$559$311$165$84$42$25
50 years$542$298$155$78$38$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $555,000, adding $3,228 every year, while hoping to spend $41,320 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: 84/5/11 Blend
54$555,000$555,000$555,000$555,000
55$614,940$585,525$576,922$665,230
56$633,699$570,251$552,285$683,336
57$652,988$552,845$525,437$697,352
58$672,815$533,156$496,262$711,488
59$693,191$511,030$464,636$725,729
60$714,126$486,300$430,430$740,061
61$735,628$458,790$393,511$754,469
62$757,706$428,314$353,738$768,935
63$780,368$394,678$310,964$783,439
64$803,621$357,672$265,037$797,959
65$827,470$317,079$215,796$812,473
66$851,922$272,665$163,075$826,952
67$876,980$224,187$106,699$841,369
68$902,645$171,386$46,487$855,691
69$928,919$113,988$0$869,883
70$955,800$51,705$0$885,993
71$983,285$0$0$907,849
72$1,011,369$0$0$930,837
73$1,040,042$0$0$957,211
74$1,069,294$0$0$984,114
75$1,099,109$0$0$1,011,533
76$1,129,469$0$0$1,039,452
77$1,160,351$0$0$1,067,847
78$1,191,726$0$0$1,096,693
79$1,223,562$0$0$1,125,959
80$1,255,819$0$0$1,155,608
81$1,288,450$0$0$1,185,598
82$1,321,403$0$0$1,215,879
83$1,354,616$0$0$1,246,392
84$1,388,017$0$0$1,277,073
85$1,421,524$0$0$1,307,845
86$1,455,045$0$0$1,338,621
87$1,488,474$0$0$1,369,305
88$1,521,690$0$0$1,399,783
89$1,554,558$0$0$1,429,931
90$1,586,925$0$0$1,459,606
91$1,618,618$0$0$1,488,648
92$1,649,443$0$0$1,516,877
93$1,679,183$0$0$1,544,093
94$1,707,593$0$0$1,570,067
95$1,734,402$0$0$1,594,549
96$1,759,302$0$0$1,617,253
97$1,781,954$0$0$1,637,866
98$1,801,977$0$0$1,656,034
99$1,818,948$0$0$1,671,365
100$1,832,395$0$0$1,683,422