Can I retire at age 55 with 490,000?

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 $490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$40,464$40,103$39,752$39,408$39,073$38,098
2 years$20,032$19,658$19,297$18,946$18,606$17,630
3 years$13,222$12,847$12,486$12,139$11,805$10,857
4 years$9,817$9,444$9,087$8,746$8,419$7,509
5 years$7,775$7,404$7,052$6,717$6,400$5,529
6 years$6,415$6,046$5,699$5,372$5,064$4,233
7 years$5,443$5,077$4,736$4,417$4,119$3,328
8 years$4,714$4,352$4,016$3,705$3,417$2,666
9 years$4,148$3,789$3,459$3,156$2,877$2,165
10 years$3,695$3,340$3,016$2,720$2,452$1,778
11 years$3,325$2,974$2,655$2,368$2,109$1,472
12 years$3,017$2,669$2,356$2,077$1,827$1,227
13 years$2,756$2,412$2,105$1,833$1,593$1,029
14 years$2,533$2,192$1,892$1,627$1,397$866
15 years$2,340$2,003$1,708$1,451$1,230$731
16 years$2,171$1,838$1,548$1,300$1,087$620
17 years$2,022$1,692$1,409$1,168$964$526
18 years$1,890$1,564$1,286$1,052$857$448
19 years$1,772$1,449$1,177$951$764$382
20 years$1,665$1,347$1,081$861$682$326
21 years$1,569$1,254$994$782$610$279
22 years$1,482$1,171$916$711$547$239
23 years$1,403$1,095$846$647$491$205
24 years$1,330$1,026$782$590$442$175
25 years$1,263$963$725$539$397$150
26 years$1,202$905$672$493$358$129
27 years$1,145$852$624$451$323$111
28 years$1,092$803$580$413$291$95
29 years$1,043$757$540$379$263$82
30 years$997$715$503$348$238$70
31 years$955$676$469$319$215$61
32 years$915$640$437$294$194$52
33 years$878$606$408$270$176$45
34 years$842$574$382$248$159$39
35 years$809$544$357$229$144$33
36 years$778$517$334$211$131$29
37 years$749$491$312$194$118$25
38 years$721$466$292$179$107$21
39 years$695$444$274$165$97$18
40 years$670$422$257$152$88$16
41 years$646$402$241$140$80$14
42 years$624$383$226$130$73$12
43 years$603$365$212$120$66$10
44 years$582$347$199$110$60$9
45 years$563$331$187$102$54$7
46 years$544$316$175$94$49$6
47 years$527$302$165$87$45$6
48 years$510$288$155$80$41$5
49 years$494$275$146$74$37$4
50 years$478$263$137$69$34$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $490,000, adding $5,403 every year, while hoping to spend $35,236 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: 28/48/24 Blend
54$490,000$490,000$490,000$490,000
55$545,553$519,583$511,988$556,615
56$563,709$507,552$491,649$553,703
57$582,535$493,750$469,447$547,127
58$602,064$478,054$445,284$539,329
59$622,328$460,332$419,054$530,228
60$643,363$440,446$390,650$519,738
61$665,206$418,248$359,957$507,768
62$687,899$393,584$326,857$494,224
63$711,483$366,288$291,226$479,005
64$736,006$336,188$252,934$462,006
65$761,517$303,099$211,845$443,116
66$788,069$266,828$167,819$422,219
67$815,718$227,169$120,707$399,193
68$844,527$183,906$70,356$373,909
69$874,560$136,809$16,605$346,232
70$905,890$85,637$0$316,022
71$938,592$30,135$0$293,567
72$972,750$0$0$273,490
73$1,008,451$0$0$267,248
74$1,045,794$0$0$277,387
75$1,084,881$0$0$288,021
76$1,125,827$0$0$299,183
77$1,168,753$0$0$310,910
78$1,213,792$0$0$323,241
79$1,261,089$0$0$336,220
80$1,310,800$0$0$349,892
81$1,363,096$0$0$364,310
82$1,418,162$0$0$379,528
83$1,476,199$0$0$395,607
84$1,537,428$0$0$412,613
85$1,602,087$0$0$430,618
86$1,670,439$0$0$449,702
87$1,742,769$0$0$469,949
88$1,819,387$0$0$491,455
89$1,900,635$0$0$514,322
90$1,986,883$0$0$538,662
91$2,078,539$0$0$564,600
92$2,176,046$0$0$592,269
93$2,279,893$0$0$621,818
94$2,390,612$0$0$653,409
95$2,508,786$0$0$687,219
96$2,635,055$0$0$723,444
97$2,770,121$0$0$762,296
98$2,914,752$0$0$804,011
99$3,069,790$0$0$848,846
100$3,236,161$0$0$897,083