Can I retire at age 55 with 492,000?

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 $492,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$40,629$40,267$39,914$39,569$39,233$37,931
2 years$20,113$19,739$19,376$19,024$18,682$17,384
3 years$13,276$12,899$12,537$12,189$11,853$10,598
4 years$9,858$9,482$9,124$8,781$8,454$7,252
5 years$7,807$7,434$7,081$6,745$6,426$5,281
6 years$6,441$6,071$5,722$5,394$5,085$3,997
7 years$5,465$5,098$4,755$4,435$4,135$3,105
8 years$4,734$4,370$4,033$3,720$3,431$2,457
9 years$4,165$3,805$3,473$3,169$2,889$1,970
10 years$3,710$3,354$3,028$2,731$2,462$1,597
11 years$3,339$2,986$2,666$2,377$2,117$1,305
12 years$3,029$2,680$2,366$2,085$1,835$1,072
13 years$2,768$2,422$2,114$1,841$1,600$886
14 years$2,543$2,201$1,899$1,634$1,402$735
15 years$2,349$2,011$1,715$1,457$1,235$612
16 years$2,180$1,845$1,555$1,305$1,091$511
17 years$2,030$1,699$1,415$1,172$968$427
18 years$1,897$1,570$1,291$1,057$860$358
19 years$1,779$1,455$1,182$955$767$300
20 years$1,672$1,352$1,085$865$685$253
21 years$1,576$1,260$998$785$613$212
22 years$1,488$1,176$920$714$549$179
23 years$1,409$1,100$849$650$493$151
24 years$1,336$1,030$785$593$443$127
25 years$1,268$967$727$541$399$107
26 years$1,207$909$675$495$359$91
27 years$1,150$855$627$453$324$76
28 years$1,097$806$582$415$292$65
29 years$1,047$760$542$381$264$55
30 years$1,001$718$505$349$239$46
31 years$959$679$471$321$216$39
32 years$919$642$439$295$195$33
33 years$881$608$410$271$177$28
34 years$846$576$383$249$160$24
35 years$813$547$358$230$145$20
36 years$781$519$335$211$131$17
37 years$752$493$314$195$119$14
38 years$724$468$294$180$108$12
39 years$698$445$275$166$98$10
40 years$673$424$258$153$89$9
41 years$649$403$242$141$80$7
42 years$626$384$227$130$73$6
43 years$605$366$213$120$66$5
44 years$585$349$200$111$60$4
45 years$565$333$188$102$55$4
46 years$547$317$176$95$50$3
47 years$529$303$166$87$45$3
48 years$512$289$156$81$41$2
49 years$496$276$146$75$37$2
50 years$480$264$137$69$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $492,000, adding $3,041 every year, while hoping to spend $31,102 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: 53/38/9 Blend
54$492,000$492,000$492,000$492,000
55$545,321$519,245$511,619$572,832
56$567,851$511,595$495,666$584,201
57$591,637$502,529$478,136$592,927
58$616,774$491,943$458,943$601,685
59$643,366$479,729$437,999$610,484
60$671,527$465,773$415,209$619,335
61$701,379$449,952$390,475$628,253
62$733,059$432,140$363,696$637,257
63$766,715$412,198$334,763$646,369
64$802,509$389,985$303,567$655,616
65$840,618$365,347$269,989$665,030
66$881,236$338,124$233,909$674,650
67$924,575$308,145$195,198$684,520
68$970,869$275,232$153,724$694,692
69$1,020,372$239,193$109,349$705,226
70$1,073,365$199,828$61,926$716,192
71$1,130,154$156,925$11,307$727,671
72$1,191,075$110,260$0$739,757
73$1,256,498$59,596$0$756,655
74$1,326,828$4,684$0$775,813
75$1,402,511$0$0$796,296
76$1,484,033$0$0$841,170
77$1,571,933$0$0$891,703
78$1,666,799$0$0$946,278
79$1,769,279$0$0$1,005,275
80$1,880,084$0$0$1,069,107
81$1,999,998$0$0$1,138,231
82$2,129,879$0$0$1,213,148
83$2,270,674$0$0$1,294,410
84$2,423,421$0$0$1,382,621
85$2,589,264$0$0$1,478,451
86$2,769,461$0$0$1,582,631
87$2,965,395$0$0$1,695,968
88$3,178,587$0$0$1,819,352
89$3,410,713$0$0$1,953,757
90$3,663,616$0$0$2,100,261
91$3,939,322$0$0$2,260,045
92$4,240,063$0$0$2,434,412
93$4,568,297$0$0$2,624,796
94$4,926,726$0$0$2,832,775
95$5,318,328$0$0$3,060,085
96$5,746,379$0$0$3,308,639
97$6,214,487$0$0$3,580,543
98$6,726,624$0$0$3,878,115
99$7,287,164$0$0$4,203,909
100$7,900,924$0$0$4,560,737