Can I retire at age 55 with 562,000?

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 $562,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$46,409$45,996$45,593$45,199$44,815$43,071
2 years$22,975$22,547$22,132$21,730$21,340$19,604
3 years$15,164$14,735$14,321$13,923$13,539$11,866
4 years$11,260$10,832$10,422$10,031$9,656$8,058
5 years$8,918$8,492$8,088$7,704$7,341$5,822
6 years$7,357$6,934$6,536$6,161$5,808$4,370
7 years$6,243$5,824$5,432$5,066$4,724$3,366
8 years$5,407$4,992$4,607$4,249$3,919$2,640
9 years$4,758$4,346$3,968$3,620$3,300$2,098
10 years$4,238$3,831$3,459$3,120$2,812$1,684
11 years$3,814$3,411$3,045$2,715$2,418$1,362
12 years$3,460$3,061$2,703$2,382$2,096$1,109
13 years$3,161$2,766$2,415$2,103$1,827$907
14 years$2,905$2,515$2,170$1,867$1,602$744
15 years$2,684$2,297$1,959$1,665$1,410$613
16 years$2,490$2,108$1,776$1,491$1,247$506
17 years$2,319$1,941$1,616$1,339$1,105$419
18 years$2,167$1,794$1,475$1,207$983$347
19 years$2,032$1,662$1,350$1,091$876$288
20 years$1,910$1,545$1,239$988$782$239
21 years$1,800$1,439$1,140$896$700$199
22 years$1,700$1,343$1,051$815$628$166
23 years$1,609$1,256$970$742$563$138
24 years$1,526$1,177$897$677$506$115
25 years$1,449$1,104$831$618$456$96
26 years$1,378$1,038$771$565$410$80
27 years$1,313$977$716$517$370$67
28 years$1,253$921$665$474$334$56
29 years$1,196$868$619$435$302$46
30 years$1,144$820$577$399$272$39
31 years$1,095$775$538$366$246$32
32 years$1,049$734$502$337$223$27
33 years$1,006$695$468$310$202$23
34 years$966$658$438$285$183$19
35 years$928$625$409$262$165$16
36 years$893$593$383$242$150$13
37 years$859$563$358$223$136$11
38 years$827$535$335$205$123$9
39 years$797$509$314$189$112$8
40 years$768$484$295$174$101$6
41 years$741$461$276$161$92$5
42 years$716$439$259$149$83$4
43 years$691$418$243$137$76$4
44 years$668$399$228$127$69$3
45 years$646$380$214$117$62$3
46 years$624$363$201$108$57$2
47 years$604$346$189$100$51$2
48 years$585$330$178$92$47$2
49 years$566$315$167$85$42$1
50 years$549$301$157$79$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $562,000, adding $3,639 every year, while hoping to spend $25,432 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: 40/50/10 Blend
54$562,000$562,000$562,000$562,000
55$623,078$593,292$584,581$645,993
56$659,572$595,303$577,105$664,477
57$698,937$596,562$568,526$681,661
58$741,437$597,002$558,780$699,679
59$787,366$596,557$547,802$718,619
60$837,044$595,155$535,519$738,577
61$890,824$592,719$521,861$759,660
62$949,094$589,169$506,750$781,990
63$1,012,281$584,417$490,105$805,701
64$1,080,854$578,374$471,844$830,944
65$1,155,329$570,943$451,879$857,886
66$1,236,274$562,020$430,118$886,715
67$1,324,313$551,498$406,466$917,639
68$1,420,133$539,262$380,823$950,891
69$1,524,490$525,189$353,084$986,728
70$1,638,216$509,151$323,140$1,025,439
71$1,762,226$491,011$290,877$1,067,345
72$1,897,527$470,625$256,176$1,112,800
73$2,045,230$447,841$218,912$1,162,202
74$2,206,554$422,495$178,956$1,215,989
75$2,382,843$394,418$136,172$1,274,652
76$2,575,577$363,429$90,418$1,338,732
77$2,786,386$329,336$41,547$1,408,833
78$3,017,061$291,938$0$1,485,622
79$3,269,580$251,022$0$1,570,975
80$3,546,115$206,360$0$1,669,387
81$3,849,064$157,716$0$1,777,350
82$4,181,062$104,838$0$1,895,896
83$4,545,014$47,459$0$2,026,165
84$4,944,121$0$0$2,169,421
85$5,381,905$0$0$2,335,148
86$5,862,248$0$0$2,545,711
87$6,389,425$0$0$2,776,882
88$6,968,144$0$0$3,030,735
89$7,603,593$0$0$3,309,555
90$8,301,486$0$0$3,615,860
91$9,068,118$0$0$3,952,423
92$9,910,422$0$0$4,322,299
93$10,836,037$0$0$4,728,855
94$11,853,381$0$0$5,175,798
95$12,971,723$0$0$5,667,215
96$14,201,279$0$0$6,207,605
97$15,553,303$0$0$6,801,929
98$17,040,193$0$0$7,455,651
99$18,675,611$0$0$8,174,789
100$20,474,606$0$0$8,965,978