Can I retire at age 55 with 591,000?

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 $591,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$48,804$48,370$47,945$47,531$47,127$46,063
2 years$24,161$23,711$23,274$22,852$22,442$21,375
3 years$15,947$15,495$15,060$14,641$14,238$13,202
4 years$11,841$11,391$10,960$10,548$10,155$9,158
5 years$9,378$8,930$8,505$8,102$7,719$6,765
6 years$7,737$7,292$6,874$6,479$6,108$5,196
7 years$6,565$6,124$5,712$5,327$4,967$4,098
8 years$5,686$5,249$4,844$4,469$4,121$3,295
9 years$5,003$4,571$4,172$3,806$3,470$2,686
10 years$4,457$4,029$3,638$3,281$2,957$2,214
11 years$4,011$3,587$3,202$2,856$2,543$1,840
12 years$3,639$3,219$2,842$2,505$2,204$1,540
13 years$3,324$2,909$2,539$2,211$1,922$1,296
14 years$3,055$2,644$2,281$1,963$1,685$1,095
15 years$2,822$2,416$2,060$1,751$1,483$929
16 years$2,618$2,216$1,868$1,567$1,311$791
17 years$2,439$2,041$1,699$1,408$1,162$675
18 years$2,279$1,886$1,551$1,269$1,034$577
19 years$2,137$1,748$1,420$1,147$921$494
20 years$2,009$1,624$1,303$1,039$823$424
21 years$1,893$1,513$1,199$943$736$364
22 years$1,788$1,412$1,105$857$660$313
23 years$1,692$1,321$1,020$781$592$269
24 years$1,604$1,238$944$712$533$232
25 years$1,524$1,161$874$650$479$200
26 years$1,449$1,092$810$594$432$173
27 years$1,381$1,027$753$544$389$149
28 years$1,317$968$700$499$351$129
29 years$1,258$913$651$457$317$111
30 years$1,203$862$606$420$286$96
31 years$1,152$815$565$385$259$83
32 years$1,103$771$528$354$234$72
33 years$1,058$731$493$326$212$62
34 years$1,016$692$460$300$192$54
35 years$976$657$430$276$174$46
36 years$939$623$402$254$158$40
37 years$903$592$377$234$143$35
38 years$870$563$353$216$129$30
39 years$838$535$331$199$117$26
40 years$808$509$310$183$106$22
41 years$779$485$290$169$97$19
42 years$752$461$272$156$88$17
43 years$727$440$256$144$80$15
44 years$702$419$240$133$72$13
45 years$679$400$225$123$66$11
46 years$657$381$212$114$60$9
47 years$635$364$199$105$54$8
48 years$615$347$187$97$49$7
49 years$596$332$176$90$45$6
50 years$577$317$165$83$40$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $591,000, adding $3,606 every year, while hoping to spend $21,869 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: 63/28/9 Blend
54$591,000$591,000$591,000$591,000
55$655,002$623,679$614,518$694,786
56$698,543$630,970$611,836$729,094
57$745,793$637,887$608,331$763,662
58$797,107$644,386$603,953$800,850
59$852,874$650,423$598,648$840,910
60$913,526$655,952$592,361$884,123
61$979,534$660,922$585,033$930,795
62$1,051,419$665,280$576,605$981,267
63$1,129,754$668,969$567,011$1,035,914
64$1,215,167$671,927$556,185$1,095,149
65$1,308,354$674,091$544,056$1,159,429
66$1,410,077$675,392$530,553$1,229,256
67$1,521,176$675,758$515,598$1,305,185
68$1,642,577$675,110$499,111$1,387,828
69$1,775,296$673,368$481,008$1,477,860
70$1,920,456$670,443$461,202$1,576,027
71$2,079,292$666,243$439,600$1,683,148
72$2,253,161$660,670$416,108$1,800,131
73$2,443,561$653,620$390,625$1,927,975
74$2,652,139$644,984$363,047$2,067,781
75$2,880,712$634,643$333,264$2,220,766
76$3,131,278$622,473$301,162$2,388,271
77$3,406,039$608,345$266,621$2,571,775
78$3,707,420$592,119$229,518$2,772,908
79$4,038,092$573,647$189,721$2,993,470
80$4,400,996$552,775$147,096$3,235,446
81$4,799,373$529,337$101,499$3,501,023
82$5,236,794$503,159$52,784$3,792,615
83$5,717,190$474,056$795$4,112,884
84$6,244,893$441,835$0$4,464,765
85$6,824,674$406,287$0$4,856,746
86$7,461,792$367,196$0$5,287,568
87$8,162,038$324,332$0$5,761,107
88$8,931,791$277,449$0$6,281,723
89$9,778,082$226,293$0$6,854,219
90$10,708,655$170,589$0$7,483,893
91$11,732,042$110,053$0$8,176,584
92$12,857,645$44,380$0$8,938,729
93$14,095,820$0$0$9,777,426
94$15,457,980$0$0$10,708,740
95$16,956,699$0$0$11,748,512
96$18,605,831$0$0$12,892,687
97$20,420,639$0$0$14,151,861
98$22,417,944$0$0$15,537,711
99$24,616,278$0$0$17,063,101
100$27,036,060$0$0$18,742,209