Can I retire at age 55 with 498,000?

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 $498,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$41,124$40,758$40,401$40,052$39,711$39,053
2 years$20,359$19,979$19,612$19,256$18,910$18,249
3 years$13,438$13,057$12,690$12,337$11,997$11,354
4 years$9,978$9,598$9,235$8,888$8,557$7,936
5 years$7,902$7,525$7,167$6,827$6,505$5,908
6 years$6,519$6,145$5,792$5,460$5,147$4,575
7 years$5,532$5,160$4,813$4,489$4,186$3,639
8 years$4,791$4,423$4,082$3,765$3,473$2,951
9 years$4,216$3,851$3,516$3,207$2,924$2,428
10 years$3,756$3,395$3,065$2,765$2,492$2,020
11 years$3,380$3,022$2,698$2,406$2,143$1,695
12 years$3,066$2,713$2,395$2,111$1,857$1,432
13 years$2,801$2,451$2,140$1,863$1,619$1,217
14 years$2,574$2,228$1,922$1,654$1,420$1,039
15 years$2,378$2,036$1,736$1,475$1,250$891
16 years$2,206$1,868$1,574$1,321$1,105$766
17 years$2,055$1,720$1,432$1,187$979$661
18 years$1,921$1,589$1,307$1,069$871$571
19 years$1,800$1,473$1,197$966$776$495
20 years$1,693$1,369$1,098$875$693$429
21 years$1,595$1,275$1,010$794$620$373
22 years$1,506$1,190$931$722$556$324
23 years$1,426$1,113$860$658$499$282
24 years$1,352$1,043$795$600$449$246
25 years$1,284$979$736$548$404$215
26 years$1,221$920$683$501$364$187
27 years$1,164$866$634$459$328$164
28 years$1,110$816$590$420$296$143
29 years$1,060$770$549$385$267$125
30 years$1,014$727$511$354$241$109
31 years$970$687$476$325$218$96
32 years$930$650$445$298$197$84
33 years$892$616$415$274$179$73
34 years$856$583$388$252$162$64
35 years$823$553$363$232$147$56
36 years$791$525$339$214$133$49
37 years$761$499$317$197$120$43
38 years$733$474$297$182$109$38
39 years$706$451$279$168$99$33
40 years$681$429$261$155$90$29
41 years$657$408$245$143$81$26
42 years$634$389$230$132$74$22
43 years$612$370$215$122$67$20
44 years$592$353$202$112$61$17
45 years$572$337$190$104$55$15
46 years$553$321$178$96$50$13
47 years$535$307$168$88$46$12
48 years$518$293$157$82$41$10
49 years$502$279$148$76$38$9
50 years$486$267$139$70$34$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $498,000, adding $6,643 every year, while hoping to spend $20,881 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: 54/31/15 Blend
54$498,000$498,000$498,000$498,000
55$555,648$529,254$521,535$583,098
56$590,107$532,970$516,789$606,266
57$627,381$536,169$511,185$628,671
58$667,735$538,802$504,671$652,585
59$711,460$540,820$497,193$678,158
60$758,878$542,169$488,698$705,555
61$810,339$542,791$479,125$734,957
62$866,233$542,626$468,415$766,565
63$926,984$541,611$456,502$800,604
64$993,063$539,676$443,322$837,319
65$1,064,985$536,750$428,802$876,983
66$1,143,317$532,755$412,871$919,898
67$1,228,686$527,610$395,453$966,398
68$1,321,777$521,228$376,466$1,016,850
69$1,423,349$513,518$355,827$1,071,663
70$1,534,233$504,384$333,450$1,131,287
71$1,655,347$493,721$309,243$1,196,221
72$1,787,700$481,421$283,111$1,267,015
73$1,932,404$467,369$254,954$1,344,277
74$2,090,682$451,443$224,668$1,428,681
75$2,263,882$433,514$192,144$1,520,968
76$2,453,486$413,444$157,269$1,621,959
77$2,661,128$391,090$119,924$1,732,562
78$2,888,608$366,297$79,986$1,853,779
79$3,137,906$338,906$37,326$1,986,714
80$3,411,204$308,744$0$2,132,591
81$3,710,905$275,631$0$2,294,072
82$4,039,657$239,376$0$2,477,794
83$4,400,373$199,777$0$2,679,447
84$4,796,266$156,620$0$2,900,872
85$5,230,872$109,682$0$3,144,100
86$5,708,087$58,723$0$3,411,373
87$6,232,204$3,492$0$3,705,162
88$6,807,950$0$0$4,028,196
89$7,440,535$0$0$4,402,679
90$8,135,695$0$0$4,815,566
91$8,899,753$0$0$5,269,428
92$9,739,673$0$0$5,768,409
93$10,663,127$0$0$6,317,072
94$11,678,569$0$0$6,920,449
95$12,795,312$0$0$7,584,079
96$14,023,616$0$0$8,314,069
97$15,374,788$0$0$9,117,144
98$16,861,283$0$0$10,000,717
99$18,496,826$0$0$10,972,954
100$20,296,539$0$0$12,042,851