Can I retire at age 55 with 572,000?

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 $572,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$47,235$46,814$46,404$46,003$45,612$45,363
2 years$23,384$22,948$22,526$22,117$21,720$21,468
3 years$15,434$14,997$14,576$14,171$13,780$13,534
4 years$11,460$11,024$10,608$10,209$9,828$9,589
5 years$9,077$8,643$8,232$7,842$7,471$7,241
6 years$7,488$7,058$6,653$6,271$5,912$5,690
7 years$6,354$5,927$5,528$5,156$4,808$4,594
8 years$5,503$5,081$4,688$4,325$3,989$3,783
9 years$4,842$4,424$4,038$3,684$3,359$3,162
10 years$4,314$3,899$3,521$3,176$2,862$2,674
11 years$3,882$3,471$3,099$2,764$2,461$2,282
12 years$3,522$3,116$2,751$2,424$2,133$1,961
13 years$3,218$2,816$2,458$2,140$1,860$1,696
14 years$2,957$2,559$2,208$1,900$1,630$1,474
15 years$2,731$2,338$1,994$1,694$1,436$1,287
16 years$2,534$2,145$1,808$1,517$1,269$1,128
17 years$2,360$1,976$1,645$1,363$1,125$991
18 years$2,206$1,825$1,501$1,228$1,000$873
19 years$2,068$1,692$1,375$1,110$892$771
20 years$1,944$1,572$1,261$1,005$796$683
21 years$1,832$1,464$1,160$912$713$605
22 years$1,730$1,367$1,069$830$639$537
23 years$1,638$1,278$987$755$573$478
24 years$1,553$1,198$913$689$515$425
25 years$1,475$1,124$846$629$464$379
26 years$1,403$1,056$784$575$418$338
27 years$1,336$994$728$527$377$301
28 years$1,275$937$677$483$340$269
29 years$1,218$884$630$442$307$241
30 years$1,164$835$587$406$277$215
31 years$1,115$789$547$373$251$193
32 years$1,068$747$511$343$227$172
33 years$1,024$707$477$315$205$154
34 years$983$670$445$290$186$138
35 years$945$636$416$267$168$124
36 years$908$603$390$246$152$111
37 years$874$573$365$227$138$99
38 years$842$545$341$209$125$89
39 years$811$518$320$193$114$80
40 years$782$493$300$178$103$72
41 years$754$469$281$164$93$64
42 years$728$447$264$151$85$58
43 years$703$426$247$140$77$52
44 years$680$406$232$129$70$47
45 years$657$387$218$119$63$42
46 years$635$369$205$110$58$38
47 years$615$352$192$102$52$34
48 years$595$336$181$94$48$30
49 years$576$321$170$87$43$27
50 years$558$307$160$80$39$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $572,000, adding $6,590 every year, while hoping to spend $27,533 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: 70/5/25 Blend
54$572,000$572,000$572,000$572,000
55$637,142$606,826$597,960$677,258
56$672,835$607,265$588,696$705,389
57$711,247$606,803$578,200$732,360
58$752,624$605,367$566,400$761,232
59$797,241$602,879$553,223$792,195
60$845,395$599,256$538,592$825,454
61$897,416$594,410$522,426$861,238
62$953,666$588,250$504,641$899,800
63$1,014,542$580,677$485,148$941,418
64$1,080,481$571,585$463,856$986,399
65$1,151,963$560,866$440,668$1,035,084
66$1,229,517$548,401$415,484$1,087,848
67$1,313,722$534,068$388,197$1,145,105
68$1,405,218$517,734$358,699$1,207,314
69$1,504,708$499,260$326,873$1,274,979
70$1,612,965$478,501$292,600$1,348,658
71$1,730,840$455,300$255,754$1,428,967
72$1,859,269$429,492$216,205$1,516,585
73$1,999,281$400,905$173,815$1,612,263
74$2,152,012$369,353$128,441$1,716,830
75$2,318,708$334,642$79,935$1,831,199
76$2,500,744$296,567$28,141$1,956,379
77$2,699,631$254,910$0$2,093,483
78$2,917,036$209,443$0$2,250,977
79$3,154,789$159,922$0$2,431,461
80$3,414,911$106,091$0$2,628,964
81$3,699,622$47,679$0$2,845,184
82$4,011,370$0$0$3,081,995
83$4,352,850$0$0$3,342,316
84$4,727,028$0$0$3,630,470
85$5,137,174$0$0$3,946,354
86$5,586,886$0$0$4,292,744
87$6,080,129$0$0$4,672,696
88$6,621,270$0$0$5,089,580
89$7,215,117$0$0$5,547,105
90$7,866,968$0$0$6,049,356
91$8,582,660$0$0$6,600,835
92$9,368,620$0$0$7,206,500
93$10,231,929$0$0$7,871,813
94$11,180,389$0$0$8,602,790
95$12,222,593$0$0$9,406,061
96$13,368,009$0$0$10,288,927
97$14,627,067$0$0$11,259,435
98$16,011,257$0$0$12,326,447
99$17,533,240$0$0$13,499,729
100$19,206,963$0$0$14,790,039