Can I retire at age 55 with 495,000?

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 $495,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$40,877$40,513$40,157$39,811$39,472$38,471
2 years$20,236$19,859$19,494$19,140$18,796$17,794
3 years$13,357$12,978$12,614$12,263$11,925$10,953
4 years$9,918$9,540$9,180$8,835$8,505$7,571
5 years$7,855$7,480$7,124$6,786$6,465$5,572
6 years$6,480$6,108$5,757$5,427$5,116$4,264
7 years$5,498$5,129$4,784$4,462$4,161$3,350
8 years$4,763$4,397$4,057$3,743$3,452$2,682
9 years$4,190$3,828$3,495$3,188$2,907$2,177
10 years$3,733$3,374$3,047$2,748$2,477$1,787
11 years$3,359$3,004$2,682$2,392$2,130$1,479
12 years$3,048$2,696$2,380$2,098$1,846$1,232
13 years$2,784$2,437$2,127$1,852$1,610$1,032
14 years$2,559$2,215$1,911$1,644$1,411$868
15 years$2,364$2,023$1,725$1,466$1,242$733
16 years$2,193$1,856$1,564$1,313$1,098$620
17 years$2,043$1,710$1,423$1,180$974$526
18 years$1,909$1,580$1,299$1,063$866$448
19 years$1,790$1,464$1,189$961$772$382
20 years$1,682$1,360$1,092$870$689$326
21 years$1,585$1,267$1,004$790$617$278
22 years$1,497$1,183$925$718$553$238
23 years$1,417$1,106$854$654$496$204
24 years$1,344$1,037$790$596$446$174
25 years$1,276$973$732$545$401$150
26 years$1,214$914$679$498$362$128
27 years$1,157$860$630$456$326$110
28 years$1,103$811$586$418$294$94
29 years$1,054$765$545$383$266$81
30 years$1,008$722$508$351$240$70
31 years$965$683$474$323$217$60
32 years$924$646$442$297$196$51
33 years$886$612$413$273$178$44
34 years$851$580$385$251$161$38
35 years$818$550$360$231$146$33
36 years$786$522$337$213$132$28
37 years$756$496$316$196$120$24
38 years$728$471$295$181$108$21
39 years$702$448$277$167$98$18
40 years$677$426$259$154$89$15
41 years$653$406$243$142$81$13
42 years$630$386$228$131$73$11
43 years$609$368$214$121$67$10
44 years$588$351$201$112$60$8
45 years$569$335$189$103$55$7
46 years$550$319$177$95$50$6
47 years$532$305$167$88$45$5
48 years$515$291$157$81$41$5
49 years$499$278$147$75$37$4
50 years$483$265$138$69$34$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $495,000, adding $4,401 every year, while hoping to spend $24,075 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: 69/5/26 Blend
54$495,000$495,000$495,000$495,000
55$550,030$523,795$516,122$584,022
56$580,517$523,845$507,797$607,428
57$613,307$523,091$498,385$629,858
58$648,610$521,467$487,826$653,847
59$686,655$518,906$476,055$679,548
60$727,695$515,334$463,004$707,132
61$772,007$510,673$448,602$736,786
62$819,897$504,841$432,776$768,719
63$871,700$497,752$415,447$803,160
64$927,784$489,312$396,536$840,363
65$988,555$479,425$375,957$880,608
66$1,054,458$467,987$353,621$924,204
67$1,125,982$454,889$329,437$971,495
68$1,203,668$440,013$303,308$1,022,856
69$1,288,106$423,238$275,133$1,078,706
70$1,379,949$404,433$244,807$1,139,505
71$1,479,915$383,461$212,219$1,205,762
72$1,588,793$360,177$177,255$1,278,038
73$1,707,450$334,426$139,793$1,356,954
74$1,836,844$306,047$99,710$1,443,195
75$1,978,025$274,867$56,874$1,537,516
76$2,132,153$240,704$11,148$1,640,751
77$2,300,501$203,368$0$1,753,822
78$2,484,474$162,654$0$1,888,190
79$2,685,614$118,348$0$2,038,511
80$2,905,625$70,225$0$2,202,970
81$3,146,378$18,046$0$2,382,979
82$3,409,936$0$0$2,580,093
83$3,698,570$0$0$2,798,138
84$4,014,780$0$0$3,038,131
85$4,361,321$0$0$3,301,173
86$4,741,225$0$0$3,589,569
87$5,157,833$0$0$3,905,860
88$5,614,826$0$0$4,252,842
89$6,116,254$0$0$4,633,597
90$6,666,583$0$0$5,051,518
91$7,270,730$0$0$5,510,343
92$7,934,110$0$0$6,014,192
93$8,662,690$0$0$6,567,600
94$9,463,044$0$0$7,175,563
95$10,342,412$0$0$7,843,589
96$11,308,771$0$0$8,577,740
97$12,370,908$0$0$9,384,700
98$13,538,505$0$0$10,271,828
99$14,822,229$0$0$11,247,235
100$16,233,831$0$0$12,319,855