Can I retire at age 55 with 581,000?

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 $581,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$47,978$47,551$47,134$46,727$46,330$44,793
2 years$23,752$23,309$22,881$22,465$22,062$20,528
3 years$15,677$15,233$14,805$14,394$13,997$12,515
4 years$11,641$11,198$10,774$10,370$9,983$8,564
5 years$9,219$8,779$8,361$7,965$7,589$6,236
6 years$7,606$7,169$6,757$6,370$6,005$4,720
7 years$6,454$6,020$5,615$5,237$4,883$3,666
8 years$5,590$5,161$4,762$4,393$4,051$2,901
9 years$4,919$4,493$4,102$3,742$3,412$2,327
10 years$4,382$3,961$3,576$3,226$2,907$1,886
11 years$3,943$3,526$3,148$2,807$2,500$1,540
12 years$3,577$3,165$2,794$2,462$2,167$1,266
13 years$3,268$2,860$2,496$2,174$1,889$1,046
14 years$3,004$2,600$2,243$1,930$1,656$868
15 years$2,774$2,375$2,025$1,721$1,458$723
16 years$2,574$2,179$1,836$1,541$1,289$603
17 years$2,397$2,007$1,671$1,384$1,143$504
18 years$2,241$1,854$1,525$1,248$1,016$423
19 years$2,101$1,718$1,396$1,127$906$355
20 years$1,975$1,597$1,281$1,021$809$298
21 years$1,861$1,487$1,179$927$724$251
22 years$1,758$1,388$1,086$843$649$211
23 years$1,663$1,299$1,003$767$582$178
24 years$1,577$1,217$928$700$524$150
25 years$1,498$1,142$859$639$471$127
26 years$1,425$1,073$797$584$424$107
27 years$1,357$1,010$740$535$383$90
28 years$1,295$952$688$490$345$76
29 years$1,237$898$640$449$312$64
30 years$1,183$848$596$412$282$54
31 years$1,132$801$556$379$255$46
32 years$1,085$758$519$348$230$39
33 years$1,040$718$484$320$208$33
34 years$999$681$452$295$189$28
35 years$960$646$423$271$171$23
36 years$923$613$396$250$155$20
37 years$888$582$370$230$140$17
38 years$855$553$347$212$127$14
39 years$824$526$325$196$115$12
40 years$794$500$305$180$105$10
41 years$766$476$286$166$95$9
42 years$740$454$268$154$86$7
43 years$714$432$251$142$78$6
44 years$690$412$236$131$71$5
45 years$667$393$222$121$64$4
46 years$645$375$208$112$59$4
47 years$625$358$195$103$53$3
48 years$605$341$184$95$48$3
49 years$586$326$173$88$44$2
50 years$567$311$162$81$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $581,000, adding $6,118 every year, while hoping to spend $42,242 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: 26/44/30 Blend
54$581,000$581,000$581,000$581,000
55$646,573$615,780$606,774$657,239
56$667,578$601,008$582,156$651,786
57$689,310$584,096$555,297$641,961
58$711,798$564,896$526,078$630,568
59$735,074$543,248$494,374$617,503
60$759,170$518,985$460,054$602,658
61$784,121$491,932$422,982$585,919
62$809,964$461,899$383,014$567,165
63$836,738$428,689$340,003$546,272
64$864,483$392,093$293,791$523,104
65$893,244$351,889$244,216$497,523
66$923,067$307,843$191,110$469,381
67$954,001$259,709$134,293$438,524
68$986,099$207,225$73,582$404,789
69$1,019,417$150,115$8,783$368,004
70$1,054,015$88,088$0$327,990
71$1,089,956$20,836$0$303,882
72$1,127,309$0$0$280,414
73$1,166,146$0$0$279,794
74$1,206,546$0$0$289,658
75$1,248,592$0$0$299,940
76$1,292,375$0$0$310,664
77$1,337,992$0$0$321,855
78$1,385,546$0$0$333,543
79$1,435,149$0$0$345,757
80$1,486,923$0$0$358,530
81$1,540,997$0$0$371,897
82$1,597,512$0$0$385,896
83$1,656,622$0$0$400,570
84$1,718,489$0$0$415,962
85$1,783,293$0$0$432,123
86$1,851,227$0$0$449,104
87$1,922,501$0$0$466,964
88$1,997,341$0$0$485,765
89$2,075,996$0$0$505,576
90$2,158,733$0$0$526,471
91$2,245,846$0$0$548,531
92$2,337,653$0$0$571,845
93$2,434,499$0$0$596,508
94$2,536,764$0$0$622,627
95$2,644,859$0$0$650,316
96$2,759,234$0$0$679,701
97$2,880,381$0$0$710,919
98$3,008,835$0$0$744,121
99$3,145,183$0$0$779,471
100$3,290,066$0$0$817,150