Can I retire at age 55 with 491,000?

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 $491,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$40,546$40,185$39,833$39,489$39,153$38,552
2 years$20,072$19,699$19,336$18,985$18,644$18,040
3 years$13,249$12,873$12,512$12,164$11,829$11,240
4 years$9,838$9,463$9,105$8,763$8,436$7,868
5 years$7,791$7,419$7,066$6,731$6,413$5,867
6 years$6,428$6,058$5,711$5,383$5,075$4,551
7 years$5,454$5,088$4,745$4,426$4,127$3,626
8 years$4,724$4,361$4,025$3,713$3,424$2,946
9 years$4,157$3,797$3,466$3,162$2,883$2,428
10 years$3,703$3,347$3,022$2,726$2,457$2,023
11 years$3,332$2,980$2,661$2,372$2,113$1,701
12 years$3,023$2,674$2,361$2,081$1,831$1,440
13 years$2,762$2,417$2,110$1,837$1,597$1,226
14 years$2,538$2,197$1,895$1,631$1,400$1,049
15 years$2,345$2,007$1,711$1,454$1,232$901
16 years$2,175$1,841$1,552$1,302$1,089$777
17 years$2,026$1,696$1,412$1,170$966$671
18 years$1,894$1,567$1,289$1,054$859$581
19 years$1,775$1,452$1,180$953$765$505
20 years$1,669$1,349$1,083$863$684$439
21 years$1,573$1,257$996$783$612$382
22 years$1,485$1,173$918$712$548$333
23 years$1,406$1,097$848$648$492$291
24 years$1,333$1,028$784$591$442$254
25 years$1,266$965$726$540$398$222
26 years$1,204$907$673$494$359$194
27 years$1,147$853$625$452$323$170
28 years$1,094$804$581$414$292$149
29 years$1,045$759$541$380$263$131
30 years$999$717$504$349$238$115
31 years$957$677$470$320$215$101
32 years$917$641$438$294$195$88
33 years$879$607$409$271$176$77
34 years$844$575$382$249$159$68
35 years$811$546$357$229$144$60
36 years$780$518$334$211$131$52
37 years$750$492$313$194$119$46
38 years$723$467$293$179$108$40
39 years$696$444$275$165$98$36
40 years$671$423$257$152$88$31
41 years$648$403$241$141$80$27
42 years$625$383$226$130$73$24
43 years$604$365$212$120$66$21
44 years$583$348$199$111$60$19
45 years$564$332$187$102$54$16
46 years$545$317$176$94$49$14
47 years$528$302$165$87$45$13
48 years$511$289$155$81$41$11
49 years$495$276$146$74$37$10
50 years$479$263$137$69$34$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $491,000, adding $6,889 every year, while hoping to spend $39,537 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: 51/25/24 Blend
54$491,000$491,000$491,000$491,000
55$548,188$522,165$514,555$572,147
56$562,036$505,684$489,725$573,004
57$575,972$487,070$462,739$569,357
58$589,962$466,178$433,481$564,583
59$603,969$442,852$401,834$558,590
60$617,950$416,928$367,672$551,281
61$631,858$388,234$330,866$542,551
62$645,637$356,587$291,279$532,289
63$659,225$321,793$248,770$520,372
64$672,552$283,647$203,190$506,672
65$685,541$241,934$154,386$491,050
66$698,103$196,426$102,194$473,357
67$710,139$146,880$46,448$453,431
68$721,539$93,043$0$431,101
69$732,179$34,646$0$409,522
70$741,922$0$0$398,064
71$750,612$0$0$392,521
72$758,079$0$0$395,793
73$764,131$0$0$398,241
74$768,556$0$0$399,745
75$771,116$0$0$400,169
76$771,548$0$0$399,366
77$769,560$0$0$397,169
78$764,828$0$0$393,397
79$756,992$0$0$387,844
80$745,652$0$0$380,287
81$730,366$0$0$370,474
82$710,643$0$0$358,129
83$685,941$0$0$342,946
84$655,658$0$0$324,586
85$619,128$0$0$302,672
86$575,615$0$0$276,790
87$524,303$0$0$246,480
88$464,292$0$0$211,235
89$394,585$0$0$170,492
90$314,080$0$0$123,632
91$221,560$0$0$69,968
92$115,679$0$0$8,743
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0