Can I retire at age 55 with 559,000?

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 $559,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$46,162$45,751$45,349$44,958$44,575$43,783
2 years$22,852$22,427$22,014$21,614$21,226$20,431
3 years$15,084$14,656$14,245$13,849$13,467$12,693
4 years$11,200$10,774$10,366$9,977$9,605$8,858
5 years$8,870$8,447$8,045$7,663$7,301$6,584
6 years$7,318$6,897$6,501$6,128$5,777$5,091
7 years$6,209$5,792$5,403$5,039$4,698$4,043
8 years$5,378$4,965$4,582$4,227$3,898$3,273
9 years$4,732$4,323$3,946$3,600$3,283$2,687
10 years$4,216$3,811$3,441$3,103$2,797$2,231
11 years$3,793$3,392$3,029$2,701$2,405$1,869
12 years$3,442$3,045$2,688$2,369$2,084$1,576
13 years$3,144$2,752$2,402$2,092$1,818$1,337
14 years$2,890$2,501$2,158$1,857$1,593$1,139
15 years$2,669$2,285$1,948$1,656$1,403$974
16 years$2,477$2,096$1,766$1,483$1,240$836
17 years$2,307$1,931$1,607$1,332$1,099$720
18 years$2,156$1,784$1,467$1,200$978$621
19 years$2,021$1,653$1,343$1,085$871$536
20 years$1,900$1,536$1,233$982$778$464
21 years$1,790$1,431$1,134$892$696$402
22 years$1,691$1,336$1,045$811$624$349
23 years$1,600$1,249$965$738$560$303
24 years$1,517$1,171$892$673$504$264
25 years$1,441$1,099$827$615$453$230
26 years$1,371$1,032$767$562$408$200
27 years$1,306$972$712$515$368$174
28 years$1,246$916$662$472$332$152
29 years$1,190$864$616$432$300$133
30 years$1,138$816$574$397$271$116
31 years$1,089$771$535$364$245$101
32 years$1,044$730$499$335$222$88
33 years$1,001$691$466$308$201$77
34 years$961$655$435$283$182$67
35 years$923$621$407$261$164$59
36 years$888$590$381$240$149$51
37 years$854$560$356$221$135$45
38 years$823$532$334$204$122$39
39 years$793$506$313$188$111$34
40 years$764$481$293$174$101$30
41 years$737$458$275$160$91$26
42 years$712$436$258$148$83$23
43 years$687$416$242$136$75$20
44 years$664$396$227$126$68$18
45 years$642$378$213$116$62$15
46 years$621$361$200$107$56$13
47 years$601$344$188$99$51$12
48 years$582$329$177$92$46$10
49 years$563$314$166$85$42$9
50 years$546$300$156$78$38$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $559,000, adding $2,277 every year, while hoping to spend $20,279 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: 81/10/9 Blend
54$559,000$559,000$559,000$559,000
55$618,367$588,740$580,075$667,468
56$659,863$596,011$577,931$707,239
57$704,913$602,959$575,035$747,972
58$753,857$609,547$571,342$792,071
59$807,070$615,734$566,801$839,862
60$864,964$621,479$561,362$891,704
61$927,995$626,735$554,972$947,993
62$996,660$631,456$547,574$1,009,164
63$1,071,511$635,589$539,109$1,075,698
64$1,153,153$639,080$529,517$1,148,123
65$1,242,251$641,871$518,732$1,227,022
66$1,339,538$643,900$506,687$1,313,036
67$1,445,821$645,102$493,312$1,406,873
68$1,561,990$645,407$478,532$1,509,312
69$1,689,022$644,740$462,272$1,621,210
70$1,827,994$643,024$444,450$1,743,513
71$1,980,091$640,175$424,981$1,877,264
72$2,146,621$636,103$403,778$2,023,610
73$2,329,020$630,716$380,748$2,183,817
74$2,528,872$623,914$355,796$2,359,278
75$2,747,921$615,590$328,819$2,551,531
76$2,988,088$605,633$299,714$2,762,269
77$3,251,489$593,924$268,370$2,993,356
78$3,540,452$580,338$234,672$3,246,849
79$3,857,546$564,742$198,500$3,525,014
80$4,205,595$546,994$159,730$3,830,348
81$4,587,715$526,946$118,230$4,165,602
82$5,007,336$504,440$73,865$4,533,810
83$5,468,235$479,309$26,490$4,938,313
84$5,974,577$451,376$0$5,382,795
85$6,530,945$420,455$0$5,873,626
86$7,142,392$386,348$0$6,415,834
87$7,814,483$348,846$0$7,011,818
88$8,553,350$307,729$0$7,667,027
89$9,365,747$262,764$0$8,387,468
90$10,259,118$213,704$0$9,179,758
91$11,241,662$160,289$0$10,051,188
92$12,322,413$102,245$0$11,009,794
93$13,511,324$39,280$0$12,064,430
94$14,819,363$0$0$13,224,853
95$16,258,614$0$0$14,504,998
96$17,842,390$0$0$15,918,463
97$19,585,361$0$0$17,474,022
98$21,503,691$0$0$19,186,101
99$23,615,191$0$0$21,070,600
100$25,939,484$0$0$23,145,033