Can I retire at age 55 with 578,000?

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 $578,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$47,731$47,306$46,891$46,486$46,091$44,723
2 years$23,629$23,189$22,762$22,349$21,948$20,581
3 years$15,596$15,154$14,729$14,319$13,925$12,602
4 years$11,581$11,140$10,719$10,316$9,931$8,662
5 years$9,172$8,734$8,318$7,924$7,550$6,338
6 years$7,567$7,132$6,722$6,337$5,974$4,821
7 years$6,420$5,989$5,586$5,210$4,858$3,764
8 years$5,561$5,134$4,738$4,370$4,030$2,994
9 years$4,893$4,470$4,081$3,723$3,394$2,415
10 years$4,359$3,940$3,558$3,209$2,892$1,968
11 years$3,922$3,508$3,132$2,793$2,487$1,617
12 years$3,559$3,148$2,780$2,450$2,155$1,337
13 years$3,251$2,845$2,483$2,163$1,880$1,112
14 years$2,988$2,586$2,231$1,920$1,648$928
15 years$2,760$2,362$2,015$1,712$1,451$777
16 years$2,561$2,168$1,826$1,533$1,282$653
17 years$2,385$1,996$1,662$1,377$1,137$550
18 years$2,229$1,845$1,517$1,241$1,011$464
19 years$2,090$1,710$1,389$1,122$901$392
20 years$1,964$1,589$1,275$1,016$805$332
21 years$1,851$1,480$1,172$922$720$281
22 years$1,748$1,381$1,081$838$646$238
23 years$1,655$1,292$998$763$579$202
24 years$1,569$1,210$923$696$521$172
25 years$1,490$1,136$855$636$469$146
26 years$1,418$1,068$793$581$422$124
27 years$1,350$1,005$736$532$381$106
28 years$1,288$947$684$488$343$90
29 years$1,230$893$637$447$310$76
30 years$1,177$843$593$410$280$65
31 years$1,126$797$553$377$253$55
32 years$1,079$754$516$346$229$47
33 years$1,035$714$482$319$207$40
34 years$994$677$450$293$188$34
35 years$955$642$421$270$170$29
36 years$918$610$394$248$154$25
37 years$883$579$368$229$140$21
38 years$851$550$345$211$127$18
39 years$820$523$323$195$115$15
40 years$790$498$303$179$104$13
41 years$762$474$284$166$94$11
42 years$736$451$266$153$86$10
43 years$711$430$250$141$78$8
44 years$687$410$235$130$71$7
45 years$664$391$220$120$64$6
46 years$642$373$207$111$58$5
47 years$621$356$194$103$53$4
48 years$601$340$183$95$48$4
49 years$583$324$172$88$44$3
50 years$564$310$162$81$40$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $578,000, adding $2,066 every year, while hoping to spend $21,884 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: 47/35/18 Blend
54$578,000$578,000$578,000$578,000
55$639,087$608,453$599,494$665,775
56$680,990$614,983$596,293$691,087
57$726,433$621,099$592,251$716,170
58$775,754$626,759$587,317$742,929
59$829,326$631,915$581,437$771,531
60$887,558$636,519$574,555$802,159
61$950,899$640,518$566,613$835,015
62$1,019,844$643,857$557,548$870,325
63$1,094,938$646,476$547,295$908,337
64$1,176,780$648,312$535,788$949,324
65$1,266,030$649,298$522,956$993,592
66$1,363,414$649,362$508,724$1,041,476
67$1,469,731$648,430$493,015$1,093,349
68$1,585,861$646,420$475,748$1,149,620
69$1,712,772$643,248$456,839$1,210,746
70$1,851,530$638,822$436,198$1,277,227
71$2,003,309$633,048$413,734$1,349,621
72$2,169,402$625,822$389,349$1,428,541
73$2,351,231$617,038$362,943$1,514,666
74$2,550,365$606,581$334,409$1,608,746
75$2,768,528$594,329$303,638$1,711,610
76$3,007,621$580,155$270,514$1,824,174
77$3,269,739$563,922$234,916$1,947,450
78$3,557,185$545,488$196,719$2,082,556
79$3,872,500$524,699$155,791$2,230,727
80$4,218,481$501,394$111,995$2,393,327
81$4,598,207$475,404$65,188$2,571,862
82$5,015,073$446,547$15,221$2,767,997
83$5,472,816$414,634$0$2,983,568
84$5,975,555$379,463$0$3,227,922
85$6,527,825$340,820$0$3,499,577
86$7,134,624$298,480$0$3,798,110
87$7,801,456$252,207$0$4,126,286
88$8,534,387$201,748$0$4,487,154
89$9,340,098$146,837$0$4,884,076
90$10,225,951$87,195$0$5,320,762
91$11,200,055$22,524$0$5,801,304
92$12,271,346$0$0$6,330,215
93$13,449,669$0$0$6,930,760
94$14,745,870$0$0$7,601,001
95$16,171,901$0$0$8,338,450
96$17,740,927$0$0$9,149,927
97$19,467,459$0$0$10,042,944
98$21,367,480$0$0$11,025,780
99$23,458,606$0$0$12,107,557
100$25,760,244$0$0$13,298,325