Can I retire at age 55 with 584,000?

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 $584,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$48,226$47,797$47,377$46,968$46,569$45,816
2 years$23,874$23,430$22,999$22,581$22,176$21,420
3 years$15,758$15,312$14,882$14,468$14,069$13,333
4 years$11,701$11,256$10,830$10,423$10,034$9,324
5 years$9,267$8,825$8,405$8,006$7,628$6,945
6 years$7,645$7,206$6,792$6,403$6,036$5,381
7 years$6,487$6,052$5,644$5,264$4,909$4,283
8 years$5,619$5,187$4,787$4,416$4,072$3,475
9 years$4,944$4,516$4,123$3,761$3,429$2,860
10 years$4,404$3,981$3,594$3,242$2,922$2,381
11 years$3,963$3,544$3,164$2,822$2,513$1,999
12 years$3,596$3,181$2,808$2,475$2,178$1,690
13 years$3,285$2,875$2,509$2,185$1,899$1,438
14 years$3,019$2,613$2,254$1,940$1,665$1,228
15 years$2,789$2,387$2,035$1,730$1,466$1,054
16 years$2,587$2,190$1,845$1,549$1,295$907
17 years$2,410$2,017$1,679$1,392$1,149$782
18 years$2,252$1,864$1,533$1,254$1,021$677
19 years$2,111$1,727$1,403$1,133$910$587
20 years$1,985$1,605$1,288$1,026$813$509
21 years$1,870$1,495$1,185$931$728$443
22 years$1,767$1,396$1,092$847$652$386
23 years$1,672$1,305$1,008$771$585$336
24 years$1,585$1,223$932$703$526$293
25 years$1,506$1,148$864$642$474$256
26 years$1,432$1,079$801$587$427$224
27 years$1,364$1,015$744$538$385$195
28 years$1,302$957$691$493$347$171
29 years$1,243$902$643$452$313$150
30 years$1,189$852$599$415$283$131
31 years$1,138$806$559$381$256$115
32 years$1,090$762$521$350$232$100
33 years$1,046$722$487$322$210$88
34 years$1,004$684$455$296$190$77
35 years$965$649$425$273$172$68
36 years$928$616$398$251$156$59
37 years$893$585$372$231$141$52
38 years$859$556$349$213$128$46
39 years$828$529$327$197$116$40
40 years$798$503$306$181$105$35
41 years$770$479$287$167$95$31
42 years$744$456$269$154$87$27
43 years$718$434$253$143$79$24
44 years$694$414$237$132$71$21
45 years$671$395$223$122$65$18
46 years$649$377$209$112$59$16
47 years$628$360$197$104$53$14
48 years$608$343$185$96$49$12
49 years$589$328$174$89$44$11
50 years$570$313$163$82$40$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $584,000, adding $3,709 every year, while hoping to spend $28,732 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: 38/49/13 Blend
54$584,000$584,000$584,000$584,000
55$647,394$616,442$607,390$669,309
56$682,857$616,077$597,167$684,907
57$720,975$614,731$585,638$698,694
58$761,988$612,326$572,730$712,964
59$806,159$608,778$558,365$727,777
60$853,779$604,000$542,462$743,196
61$905,166$597,898$524,936$759,297
62$960,670$590,372$505,698$776,162
63$1,020,675$581,317$484,656$793,886
64$1,085,604$570,622$461,713$812,576
65$1,155,922$558,169$436,767$832,353
66$1,232,140$543,832$409,712$853,351
67$1,314,818$527,480$380,437$875,724
68$1,404,576$508,973$348,828$899,641
69$1,502,091$488,161$314,762$925,296
70$1,608,112$464,888$278,114$952,904
71$1,723,460$438,989$238,752$982,706
72$1,849,040$410,287$196,537$1,014,972
73$1,985,848$378,597$151,327$1,050,004
74$2,134,979$343,722$102,971$1,088,141
75$2,297,638$305,456$51,312$1,129,760
76$2,475,153$263,579$0$1,175,280
77$2,668,983$217,859$0$1,225,703
78$2,880,737$168,052$0$1,288,652
79$3,112,185$113,899$0$1,357,610
80$3,365,276$55,127$0$1,433,252
81$3,642,154$0$0$1,516,330
82$3,945,183$0$0$1,612,287
83$4,276,964$0$0$1,749,970
84$4,640,363$0$0$1,900,854
85$5,038,532$0$0$2,066,257
86$5,474,949$0$0$2,247,635
87$5,953,437$0$0$2,446,588
88$6,478,214$0$0$2,664,879
89$7,053,919$0$0$2,904,452
90$7,685,666$0$0$3,167,445
91$8,379,088$0$0$3,456,215
92$9,140,387$0$0$3,773,359
93$9,976,398$0$0$4,121,738
94$10,894,648$0$0$4,504,501
95$11,903,430$0$0$4,925,120
96$13,011,880$0$0$5,387,418
97$14,230,063$0$0$5,895,609
98$15,569,066$0$0$6,454,334
99$17,041,104$0$0$7,068,705
100$18,659,636$0$0$7,744,358