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%14.6%
1 years$40,464$40,103$39,752$39,408$39,073$38,331
2 years$20,032$19,658$19,297$18,946$18,606$17,862
3 years$13,222$12,847$12,486$12,139$11,805$11,081
4 years$9,817$9,444$9,087$8,746$8,419$7,721
5 years$7,775$7,404$7,052$6,717$6,400$5,730
6 years$6,415$6,046$5,699$5,372$5,064$4,423
7 years$5,443$5,077$4,736$4,417$4,119$3,507
8 years$4,714$4,352$4,016$3,705$3,417$2,834
9 years$4,148$3,789$3,459$3,156$2,877$2,323
10 years$3,695$3,340$3,016$2,720$2,452$1,925
11 years$3,325$2,974$2,655$2,368$2,109$1,609
12 years$3,017$2,669$2,356$2,077$1,827$1,355
13 years$2,756$2,412$2,105$1,833$1,593$1,147
14 years$2,533$2,192$1,892$1,627$1,397$975
15 years$2,340$2,003$1,708$1,451$1,230$832
16 years$2,171$1,838$1,548$1,300$1,087$713
17 years$2,022$1,692$1,409$1,168$964$612
18 years$1,890$1,564$1,286$1,052$857$527
19 years$1,772$1,449$1,177$951$764$454
20 years$1,665$1,347$1,081$861$682$392
21 years$1,569$1,254$994$782$610$339
22 years$1,482$1,171$916$711$547$294
23 years$1,403$1,095$846$647$491$255
24 years$1,330$1,026$782$590$442$221
25 years$1,263$963$725$539$397$192
26 years$1,202$905$672$493$358$167
27 years$1,145$852$624$451$323$145
28 years$1,092$803$580$413$291$126
29 years$1,043$757$540$379$263$110
30 years$997$715$503$348$238$95
31 years$955$676$469$319$215$83
32 years$915$640$437$294$194$72
33 years$878$606$408$270$176$63
34 years$842$574$382$248$159$55
35 years$809$544$357$229$144$48
36 years$778$517$334$211$131$42
37 years$749$491$312$194$118$36
38 years$721$466$292$179$107$32
39 years$695$444$274$165$97$28
40 years$670$422$257$152$88$24
41 years$646$402$241$140$80$21
42 years$624$383$226$130$73$18
43 years$603$365$212$120$66$16
44 years$582$347$199$110$60$14
45 years$563$331$187$102$54$12
46 years$544$316$175$94$49$11
47 years$527$302$165$87$45$9
48 years$510$288$155$80$41$8
49 years$494$275$146$74$37$7
50 years$478$263$137$69$34$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $490,000, adding $5,518 every year, while hoping to spend $30,072 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: 47/29/24 Blend
54$490,000$490,000$490,000$490,000
55$545,672$519,702$512,107$567,347
56$569,334$513,171$497,266$576,580
57$594,402$505,312$480,920$583,189
58$620,987$496,028$462,987$589,760
59$649,211$485,217$443,381$596,301
60$679,208$472,771$422,012$602,829
61$711,124$458,573$398,786$609,359
62$745,118$442,503$373,605$615,914
63$781,366$424,431$346,366$622,520
64$820,059$404,221$316,962$629,207
65$861,406$381,730$285,282$636,013
66$905,639$356,804$251,209$642,982
67$953,009$329,282$214,619$650,165
68$1,003,793$298,994$175,386$657,623
69$1,058,295$265,759$133,376$665,424
70$1,116,847$229,388$88,451$673,648
71$1,179,816$189,679$40,464$682,389
72$1,247,603$146,419$0$691,752
73$1,320,649$99,383$0$704,609
74$1,399,438$48,336$0$729,584
75$1,484,502$0$0$756,503
76$1,576,425$0$0$787,813
77$1,675,851$0$0$838,406
78$1,783,485$0$0$893,222
79$1,900,103$0$0$952,662
80$2,026,560$0$0$1,017,168
81$2,163,793$0$0$1,087,224
82$2,312,836$0$0$1,163,364
83$2,474,824$0$0$1,246,176
84$2,651,007$0$0$1,336,305
85$2,842,757$0$0$1,434,463
86$3,051,589$0$0$1,541,431
87$3,279,167$0$0$1,658,070
88$3,527,321$0$0$1,785,329
89$3,798,067$0$0$1,924,248
90$4,093,625$0$0$2,075,978
91$4,416,437$0$0$2,241,780
92$4,769,192$0$0$2,423,047
93$5,154,849$0$0$2,621,311
94$5,576,668$0$0$2,838,257
95$6,038,237$0$0$3,075,743
96$6,543,508$0$0$3,335,815
97$7,096,832$0$0$3,620,723
98$7,703,000$0$0$3,932,949
99$8,367,289$0$0$4,275,224
100$9,095,512$0$0$4,650,556