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%15.1%
1 years$41,124$40,758$40,401$40,052$39,711$38,878
2 years$20,359$19,979$19,612$19,256$18,910$18,074
3 years$13,438$13,057$12,690$12,337$11,997$11,185
4 years$9,978$9,598$9,235$8,888$8,557$7,775
5 years$7,902$7,525$7,167$6,827$6,505$5,755
6 years$6,519$6,145$5,792$5,460$5,147$4,430
7 years$5,532$5,160$4,813$4,489$4,186$3,502
8 years$4,791$4,423$4,082$3,765$3,473$2,822
9 years$4,216$3,851$3,516$3,207$2,924$2,306
10 years$3,756$3,395$3,065$2,765$2,492$1,905
11 years$3,380$3,022$2,698$2,406$2,143$1,588
12 years$3,066$2,713$2,395$2,111$1,857$1,332
13 years$2,801$2,451$2,140$1,863$1,619$1,124
14 years$2,574$2,228$1,922$1,654$1,420$953
15 years$2,378$2,036$1,736$1,475$1,250$810
16 years$2,206$1,868$1,574$1,321$1,105$692
17 years$2,055$1,720$1,432$1,187$979$592
18 years$1,921$1,589$1,307$1,069$871$507
19 years$1,800$1,473$1,197$966$776$436
20 years$1,693$1,369$1,098$875$693$375
21 years$1,595$1,275$1,010$794$620$323
22 years$1,506$1,190$931$722$556$279
23 years$1,426$1,113$860$658$499$241
24 years$1,352$1,043$795$600$449$208
25 years$1,284$979$736$548$404$180
26 years$1,221$920$683$501$364$156
27 years$1,164$866$634$459$328$135
28 years$1,110$816$590$420$296$117
29 years$1,060$770$549$385$267$101
30 years$1,014$727$511$354$241$88
31 years$970$687$476$325$218$76
32 years$930$650$445$298$197$66
33 years$892$616$415$274$179$57
34 years$856$583$388$252$162$50
35 years$823$553$363$232$147$43
36 years$791$525$339$214$133$37
37 years$761$499$317$197$120$32
38 years$733$474$297$182$109$28
39 years$706$451$279$168$99$24
40 years$681$429$261$155$90$21
41 years$657$408$245$143$81$18
42 years$634$389$230$132$74$16
43 years$612$370$215$122$67$14
44 years$592$353$202$112$61$12
45 years$572$337$190$104$55$10
46 years$553$321$178$96$50$9
47 years$535$307$168$88$46$8
48 years$518$293$157$82$41$7
49 years$502$279$148$76$38$6
50 years$486$267$139$70$34$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $498,000, adding $5,624 every year, while hoping to spend $35,451 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: 73/5/22 Blend
54$498,000$498,000$498,000$498,000
55$554,597$528,203$520,484$591,709
56$573,446$516,366$500,201$605,308
57$593,030$502,760$478,050$615,412
58$613,386$487,262$453,931$625,594
59$634,554$469,740$427,740$635,855
60$656,577$450,055$399,368$646,198
61$679,501$428,062$368,700$656,627
62$703,376$403,602$335,617$667,145
63$728,255$376,514$299,995$677,760
64$754,195$346,621$261,704$688,478
65$781,259$313,741$220,606$699,309
66$809,512$277,680$176,562$710,264
67$839,027$238,231$129,421$721,357
68$869,881$195,177$79,030$732,603
69$902,159$148,291$25,227$744,022
70$935,951$97,328$0$755,636
71$971,355$42,035$0$775,026
72$1,008,478$0$0$801,478
73$1,047,437$0$0$830,125
74$1,088,356$0$0$862,649
75$1,131,372$0$0$896,848
76$1,176,634$0$0$932,841
77$1,224,304$0$0$970,757
78$1,274,557$0$0$1,010,738
79$1,327,585$0$0$1,052,937
80$1,383,598$0$0$1,097,523
81$1,442,822$0$0$1,144,677
82$1,505,507$0$0$1,194,601
83$1,571,925$0$0$1,247,511
84$1,642,373$0$0$1,303,646
85$1,717,174$0$0$1,363,268
86$1,796,685$0$0$1,426,660
87$1,881,293$0$0$1,494,135
88$1,971,424$0$0$1,566,034
89$2,067,543$0$0$1,642,730
90$2,170,159$0$0$1,724,634
91$2,279,831$0$0$1,812,194
92$2,397,172$0$0$1,905,903
93$2,522,853$0$0$2,006,298
94$2,657,610$0$0$2,113,973
95$2,802,252$0$0$2,229,576
96$2,957,664$0$0$2,353,820
97$3,124,820$0$0$2,487,487
98$3,304,788$0$0$2,631,436
99$3,498,742$0$0$2,786,610
100$3,707,971$0$0$2,954,044