Can I retire at age 55 with 489,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $489,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$40,381$40,021$39,671$39,328$38,994$37,595
2 years$19,991$19,618$19,258$18,908$18,568$17,175
3 years$13,195$12,821$12,461$12,114$11,781$10,435
4 years$9,797$9,425$9,068$8,728$8,402$7,115
5 years$7,760$7,389$7,037$6,704$6,387$5,163
6 years$6,401$6,034$5,687$5,361$5,054$3,892
7 years$5,432$5,067$4,726$4,408$4,110$3,011
8 years$4,705$4,343$4,008$3,697$3,410$2,373
9 years$4,140$3,782$3,452$3,149$2,872$1,895
10 years$3,688$3,333$3,010$2,715$2,447$1,529
11 years$3,318$2,968$2,650$2,363$2,104$1,243
12 years$3,011$2,664$2,352$2,072$1,823$1,017
13 years$2,751$2,407$2,101$1,830$1,590$837
14 years$2,528$2,188$1,888$1,624$1,394$691
15 years$2,335$1,999$1,704$1,448$1,227$572
16 years$2,166$1,834$1,545$1,297$1,085$475
17 years$2,018$1,689$1,406$1,165$962$395
18 years$1,886$1,561$1,284$1,050$855$330
19 years$1,768$1,446$1,175$949$762$275
20 years$1,662$1,344$1,078$859$681$230
21 years$1,566$1,252$992$780$609$192
22 years$1,479$1,169$914$709$546$161
23 years$1,400$1,093$844$646$490$135
24 years$1,327$1,024$781$589$441$113
25 years$1,261$961$723$538$396$95
26 years$1,199$903$671$492$357$80
27 years$1,143$850$623$450$322$67
28 years$1,090$801$579$413$291$56
29 years$1,041$756$539$378$262$47
30 years$995$714$502$347$237$40
31 years$953$675$468$319$214$33
32 years$913$638$436$293$194$28
33 years$876$604$408$269$175$24
34 years$841$573$381$248$159$20
35 years$808$543$356$228$144$17
36 years$777$516$333$210$130$14
37 years$747$490$312$194$118$12
38 years$720$466$292$179$107$10
39 years$693$443$273$165$97$8
40 years$669$421$256$152$88$7
41 years$645$401$240$140$80$6
42 years$623$382$225$129$73$5
43 years$601$364$212$119$66$4
44 years$581$347$199$110$60$3
45 years$562$331$186$102$54$3
46 years$543$315$175$94$49$2
47 years$526$301$165$87$45$2
48 years$509$287$155$80$41$2
49 years$493$274$145$74$37$1
50 years$477$262$137$69$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $489,000, adding $5,201 every year, while hoping to spend $33,250 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: 71/13/16 Blend
54$489,000$489,000$489,000$489,000
55$544,243$518,326$510,746$580,516
56$564,378$508,346$492,479$595,317
57$585,452$496,763$472,484$607,014
58$607,527$483,463$450,671$618,961
59$630,667$468,325$426,941$631,178
60$654,945$451,222$401,193$643,687
61$680,437$432,020$373,321$656,511
62$707,228$410,576$343,214$669,680
63$735,410$386,739$310,756$683,225
64$765,082$360,348$275,826$697,182
65$796,351$331,237$238,298$711,593
66$829,338$299,226$198,039$726,503
67$864,169$264,127$154,912$741,966
68$900,985$225,740$108,773$758,039
69$939,940$183,856$59,471$774,790
70$981,200$138,251$6,850$792,293
71$1,024,949$88,692$0$810,631
72$1,071,386$34,930$0$838,318
73$1,120,728$0$0$868,836
74$1,173,216$0$0$904,495
75$1,229,110$0$0$947,804
76$1,288,696$0$0$993,988
77$1,352,287$0$0$1,043,293
78$1,420,228$0$0$1,095,986
79$1,492,894$0$0$1,152,361
80$1,570,697$0$0$1,212,741
81$1,654,090$0$0$1,277,479
82$1,743,570$0$0$1,346,964
83$1,839,681$0$0$1,421,620
84$1,943,021$0$0$1,501,914
85$2,054,245$0$0$1,588,361
86$2,174,075$0$0$1,681,522
87$2,303,302$0$0$1,782,017
88$2,442,795$0$0$1,890,525
89$2,593,511$0$0$2,007,794
90$2,756,498$0$0$2,134,644
91$2,932,911$0$0$2,271,977
92$3,124,018$0$0$2,420,785
93$3,331,215$0$0$2,582,159
94$3,556,035$0$0$2,757,299
95$3,800,166$0$0$2,947,524
96$4,065,462$0$0$3,154,284
97$4,353,966$0$0$3,379,177
98$4,667,922$0$0$3,623,958
99$5,009,802$0$0$3,890,560
100$5,382,326$0$0$4,181,110