Can I retire at age 55 with 567,000?

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 $567,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$46,822$46,405$45,998$45,601$45,213$43,696
2 years$23,179$22,748$22,329$21,924$21,530$20,017
3 years$15,299$14,866$14,449$14,047$13,660$12,197
4 years$11,360$10,928$10,515$10,120$9,742$8,342
5 years$8,997$8,568$8,160$7,773$7,406$6,072
6 years$7,423$6,996$6,594$6,216$5,860$4,593
7 years$6,298$5,875$5,480$5,111$4,766$3,566
8 years$5,455$5,036$4,647$4,287$3,954$2,820
9 years$4,800$4,385$4,003$3,652$3,330$2,260
10 years$4,276$3,865$3,490$3,148$2,837$1,830
11 years$3,848$3,441$3,072$2,740$2,440$1,494
12 years$3,491$3,088$2,727$2,403$2,114$1,228
13 years$3,189$2,791$2,436$2,121$1,844$1,014
14 years$2,931$2,537$2,189$1,883$1,616$840
15 years$2,708$2,318$1,976$1,679$1,423$699
16 years$2,512$2,126$1,792$1,504$1,258$583
17 years$2,340$1,958$1,630$1,351$1,115$487
18 years$2,187$1,809$1,488$1,218$992$408
19 years$2,050$1,677$1,363$1,100$884$342
20 years$1,927$1,558$1,250$996$789$287
21 years$1,816$1,452$1,150$904$706$242
22 years$1,715$1,355$1,060$822$633$203
23 years$1,623$1,267$979$749$568$171
24 years$1,539$1,187$905$683$511$144
25 years$1,462$1,114$838$624$460$122
26 years$1,391$1,047$778$570$414$103
27 years$1,325$986$722$522$373$86
28 years$1,264$929$671$478$337$73
29 years$1,207$876$625$439$304$62
30 years$1,154$827$582$403$275$52
31 years$1,105$782$542$370$249$44
32 years$1,059$740$506$340$225$37
33 years$1,015$701$473$312$203$31
34 years$975$664$442$287$184$26
35 years$937$630$413$265$167$22
36 years$901$598$386$244$151$19
37 years$867$568$361$225$137$16
38 years$834$540$338$207$124$13
39 years$804$513$317$191$113$11
40 years$775$488$297$176$102$10
41 years$748$465$279$162$93$8
42 years$722$443$261$150$84$7
43 years$697$422$245$138$76$6
44 years$674$402$230$128$69$5
45 years$651$383$216$118$63$4
46 years$630$366$203$109$57$4
47 years$610$349$191$101$52$3
48 years$590$333$179$93$47$3
49 years$571$318$169$86$43$2
50 years$554$304$158$79$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $567,000, adding $5,592 every year, while hoping to spend $20,773 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: 33/39/28 Blend
54$567,000$567,000$567,000$567,000
55$630,602$600,551$591,763$645,902
56$672,821$607,876$589,484$665,325
57$718,650$614,863$586,434$684,010
58$768,436$621,475$582,562$703,745
59$822,559$627,670$577,821$724,635
60$881,439$633,404$572,156$746,801
61$945,536$638,631$565,514$770,376
62$1,015,358$643,301$557,836$795,507
63$1,091,463$647,361$549,062$822,358
64$1,174,465$650,756$539,129$851,110
65$1,265,042$653,424$527,971$881,968
66$1,363,937$655,303$515,519$915,154
67$1,471,971$656,324$501,700$950,920
68$1,590,044$656,416$486,440$989,541
69$1,719,150$655,503$469,657$1,031,324
70$1,860,384$653,503$451,271$1,076,611
71$2,014,948$650,330$431,194$1,125,779
72$2,184,170$645,893$409,336$1,179,246
73$2,369,508$640,094$385,602$1,237,477
74$2,572,572$632,833$359,893$1,300,986
75$2,795,131$623,998$332,106$1,370,343
76$3,039,136$613,476$302,134$1,446,177
77$3,306,735$601,144$269,863$1,529,189
78$3,600,294$586,872$235,175$1,620,151
79$3,922,419$570,523$197,948$1,719,919
80$4,275,979$551,952$158,053$1,829,441
81$4,664,137$531,006$115,355$1,949,764
82$5,090,375$507,521$69,716$2,082,049
83$5,558,531$481,327$20,988$2,227,578
84$6,072,829$452,240$0$2,387,770
85$6,637,927$420,069$0$2,573,458
86$7,258,953$384,611$0$2,784,405
87$7,941,559$345,649$0$3,016,300
88$8,691,970$302,958$0$3,271,315
89$9,517,044$256,296$0$3,551,845
90$10,424,338$205,410$0$3,860,534
91$11,422,178$150,033$0$4,200,299
92$12,519,736$89,880$0$4,574,359
93$13,727,119$24,654$0$4,986,268
94$15,055,461$0$0$5,439,945
95$16,517,032$0$0$5,959,440
96$18,125,350$0$0$6,542,836
97$19,895,308$0$0$7,184,967
98$21,843,319$0$0$7,891,800
99$23,987,466$0$0$8,669,911
100$26,347,674$0$0$9,526,543