Can I retire at age 55 with 558,000?

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 $558,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$46,079$45,669$45,268$44,877$44,496$42,883
2 years$22,811$22,387$21,975$21,576$21,188$19,581
3 years$15,057$14,630$14,219$13,824$13,443$11,892
4 years$11,180$10,755$10,348$9,959$9,588$8,104
5 years$8,854$8,432$8,030$7,650$7,288$5,877
6 years$7,305$6,885$6,490$6,117$5,767$4,429
7 years$6,198$5,782$5,393$5,030$4,690$3,424
8 years$5,369$4,956$4,574$4,219$3,891$2,697
9 years$4,724$4,315$3,939$3,594$3,277$2,152
10 years$4,208$3,804$3,434$3,098$2,792$1,736
11 years$3,787$3,386$3,024$2,696$2,401$1,410
12 years$3,436$3,039$2,683$2,365$2,081$1,153
13 years$3,139$2,747$2,397$2,088$1,814$948
14 years$2,885$2,497$2,154$1,853$1,591$782
15 years$2,665$2,281$1,945$1,653$1,400$647
16 years$2,472$2,093$1,763$1,480$1,238$537
17 years$2,303$1,927$1,605$1,330$1,097$447
18 years$2,152$1,781$1,465$1,198$976$372
19 years$2,017$1,650$1,341$1,083$870$310
20 years$1,896$1,534$1,231$981$777$259
21 years$1,787$1,429$1,132$890$695$217
22 years$1,688$1,333$1,043$809$623$181
23 years$1,597$1,247$963$737$559$152
24 years$1,515$1,169$891$672$503$127
25 years$1,439$1,097$825$614$452$107
26 years$1,369$1,031$765$561$408$89
27 years$1,304$970$711$514$367$75
28 years$1,244$914$661$471$332$63
29 years$1,188$862$615$432$299$53
30 years$1,136$814$573$396$271$44
31 years$1,087$770$534$364$245$37
32 years$1,042$728$498$334$221$31
33 years$999$690$465$307$200$26
34 years$959$654$435$283$181$22
35 years$922$620$406$260$164$19
36 years$886$589$380$240$149$16
37 years$853$559$356$221$135$13
38 years$821$531$333$204$122$11
39 years$791$505$312$188$111$9
40 years$763$481$293$173$101$8
41 years$736$457$274$160$91$7
42 years$710$436$257$148$83$5
43 years$686$415$241$136$75$5
44 years$663$396$227$126$68$4
45 years$641$377$213$116$62$3
46 years$620$360$200$107$56$3
47 years$600$344$188$99$51$2
48 years$581$328$176$92$46$2
49 years$562$313$166$85$42$2
50 years$545$299$156$78$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $558,000, adding $5,468 every year, while hoping to spend $39,055 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: 45/42/13 Blend
54$558,000$558,000$558,000$558,000
55$620,556$590,982$582,333$645,949
56$642,299$578,386$560,287$651,562
57$664,950$563,864$536,194$653,252
58$688,562$547,280$509,943$654,223
59$713,189$528,490$481,420$654,424
60$738,891$507,344$450,505$653,802
61$765,734$483,679$417,072$652,300
62$793,786$457,326$380,991$649,861
63$823,122$428,106$342,124$646,424
64$853,824$395,827$300,329$641,928
65$885,981$360,289$255,457$636,307
66$919,687$321,279$207,351$629,494
67$955,046$278,573$155,848$621,420
68$992,171$231,933$100,779$612,013
69$1,031,183$181,108$41,966$601,200
70$1,072,215$125,834$0$588,904
71$1,115,412$65,831$0$577,934
72$1,160,931$804$0$571,724
73$1,208,943$0$0$564,396
74$1,259,634$0$0$588,045
75$1,313,209$0$0$613,459
76$1,369,888$0$0$640,377
77$1,429,915$0$0$668,917
78$1,493,553$0$0$699,210
79$1,561,094$0$0$731,397
80$1,632,852$0$0$765,636
81$1,709,173$0$0$802,095
82$1,790,438$0$0$840,961
83$1,877,060$0$0$882,439
84$1,969,493$0$0$926,752
85$2,068,235$0$0$974,146
86$2,173,831$0$0$1,024,889
87$2,286,879$0$0$1,079,276
88$2,408,034$0$0$1,137,631
89$2,538,015$0$0$1,200,309
90$2,677,613$0$0$1,267,699
91$2,827,691$0$0$1,340,229
92$2,989,202$0$0$1,418,368
93$3,163,190$0$0$1,502,634
94$3,350,800$0$0$1,593,591
95$3,553,294$0$0$1,691,863
96$3,772,053$0$0$1,798,134
97$4,008,601$0$0$1,913,157
98$4,264,608$0$0$2,037,757
99$4,541,913$0$0$2,172,845
100$4,842,535$0$0$2,319,420