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%13.8%
1 years$40,877$40,513$40,157$39,811$39,472$38,850
2 years$20,236$19,859$19,494$19,140$18,796$18,171
3 years$13,357$12,978$12,614$12,263$11,925$11,317
4 years$9,918$9,540$9,180$8,835$8,505$7,918
5 years$7,855$7,480$7,124$6,786$6,465$5,901
6 years$6,480$6,108$5,757$5,427$5,116$4,575
7 years$5,498$5,129$4,784$4,462$4,161$3,643
8 years$4,763$4,397$4,057$3,743$3,452$2,957
9 years$4,190$3,828$3,495$3,188$2,907$2,436
10 years$3,733$3,374$3,047$2,748$2,477$2,029
11 years$3,359$3,004$2,682$2,392$2,130$1,705
12 years$3,048$2,696$2,380$2,098$1,846$1,442
13 years$2,784$2,437$2,127$1,852$1,610$1,227
14 years$2,559$2,215$1,911$1,644$1,411$1,049
15 years$2,364$2,023$1,725$1,466$1,242$901
16 years$2,193$1,856$1,564$1,313$1,098$776
17 years$2,043$1,710$1,423$1,180$974$670
18 years$1,909$1,580$1,299$1,063$866$580
19 years$1,790$1,464$1,189$961$772$503
20 years$1,682$1,360$1,092$870$689$437
21 years$1,585$1,267$1,004$790$617$380
22 years$1,497$1,183$925$718$553$331
23 years$1,417$1,106$854$654$496$289
24 years$1,344$1,037$790$596$446$252
25 years$1,276$973$732$545$401$220
26 years$1,214$914$679$498$362$193
27 years$1,157$860$630$456$326$169
28 years$1,103$811$586$418$294$148
29 years$1,054$765$545$383$266$129
30 years$1,008$722$508$351$240$113
31 years$965$683$474$323$217$99
32 years$924$646$442$297$196$87
33 years$886$612$413$273$178$76
34 years$851$580$385$251$161$67
35 years$818$550$360$231$146$59
36 years$786$522$337$213$132$52
37 years$756$496$316$196$120$45
38 years$728$471$295$181$108$40
39 years$702$448$277$167$98$35
40 years$677$426$259$154$89$31
41 years$653$406$243$142$81$27
42 years$630$386$228$131$73$24
43 years$609$368$214$121$67$21
44 years$588$351$201$112$60$18
45 years$569$335$189$103$55$16
46 years$550$319$177$95$50$14
47 years$532$305$167$88$45$12
48 years$515$291$157$81$41$11
49 years$499$278$147$75$37$10
50 years$483$265$138$69$34$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $495,000, adding $2,107 every year, while hoping to spend $21,488 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: 64/29/7 Blend
54$495,000$495,000$495,000$495,000
55$547,663$521,428$513,756$581,870
56$580,662$524,115$508,104$607,600
57$616,306$526,214$501,542$632,962
58$654,843$527,672$494,017$660,101
59$696,545$528,436$485,475$689,190
60$741,710$528,446$475,855$720,416
61$790,666$527,642$465,098$753,987
62$843,775$525,957$453,140$790,135
63$901,433$523,323$439,913$829,113
64$964,078$519,664$425,349$871,202
65$1,032,190$514,903$409,374$916,711
66$1,106,297$508,957$391,912$965,983
67$1,186,980$501,737$372,882$1,019,395
68$1,274,881$493,151$352,202$1,077,364
69$1,370,702$483,099$329,784$1,140,351
70$1,475,220$471,476$305,538$1,208,863
71$1,589,286$458,173$279,368$1,283,463
72$1,713,840$443,070$251,174$1,364,768
73$1,849,916$426,045$220,852$1,453,464
74$1,998,652$406,966$188,295$1,550,304
75$2,161,300$385,692$153,388$1,656,123
76$2,339,240$362,079$116,014$1,771,839
77$2,533,990$335,968$76,049$1,898,468
78$2,747,224$307,198$33,363$2,037,130
79$2,980,783$275,592$0$2,189,062
80$3,236,695$240,969$0$2,356,538
81$3,517,194$203,132$0$2,542,873
82$3,824,740$161,878$0$2,747,244
83$4,162,043$116,989$0$2,971,497
84$4,532,087$68,237$0$3,217,666
85$4,938,159$15,380$0$3,487,997
86$5,383,881$0$0$3,784,966
87$5,873,239$0$0$4,124,655
88$6,410,629$0$0$4,503,110
89$7,000,889$0$0$4,918,836
90$7,649,352$0$0$5,375,593
91$8,361,891$0$0$5,877,523
92$9,144,976$0$0$6,429,189
93$10,005,737$0$0$7,035,618
94$10,952,026$0$0$7,702,348
95$11,992,496$0$0$8,435,481
96$13,136,680$0$0$9,241,740
97$14,395,081$0$0$10,128,531
98$15,779,271$0$0$11,104,015
99$17,301,998$0$0$12,177,184
100$18,977,310$0$0$13,357,942