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%17.7%
1 years$41,124$40,758$40,401$40,052$39,711$38,471
2 years$20,359$19,979$19,612$19,256$18,910$17,671
3 years$13,438$13,057$12,690$12,337$11,997$10,799
4 years$9,978$9,598$9,235$8,888$8,557$7,408
5 years$7,902$7,525$7,167$6,827$6,505$5,409
6 years$6,519$6,145$5,792$5,460$5,147$4,105
7 years$5,532$5,160$4,813$4,489$4,186$3,198
8 years$4,791$4,423$4,082$3,765$3,473$2,538
9 years$4,216$3,851$3,516$3,207$2,924$2,042
10 years$3,756$3,395$3,065$2,765$2,492$1,660
11 years$3,380$3,022$2,698$2,406$2,143$1,360
12 years$3,066$2,713$2,395$2,111$1,857$1,122
13 years$2,801$2,451$2,140$1,863$1,619$930
14 years$2,574$2,228$1,922$1,654$1,420$774
15 years$2,378$2,036$1,736$1,475$1,250$647
16 years$2,206$1,868$1,574$1,321$1,105$542
17 years$2,055$1,720$1,432$1,187$979$455
18 years$1,921$1,589$1,307$1,069$871$383
19 years$1,800$1,473$1,197$966$776$322
20 years$1,693$1,369$1,098$875$693$272
21 years$1,595$1,275$1,010$794$620$230
22 years$1,506$1,190$931$722$556$194
23 years$1,426$1,113$860$658$499$164
24 years$1,352$1,043$795$600$449$139
25 years$1,284$979$736$548$404$118
26 years$1,221$920$683$501$364$100
27 years$1,164$866$634$459$328$85
28 years$1,110$816$590$420$296$72
29 years$1,060$770$549$385$267$61
30 years$1,014$727$511$354$241$52
31 years$970$687$476$325$218$44
32 years$930$650$445$298$197$37
33 years$892$616$415$274$179$32
34 years$856$583$388$252$162$27
35 years$823$553$363$232$147$23
36 years$791$525$339$214$133$19
37 years$761$499$317$197$120$16
38 years$733$474$297$182$109$14
39 years$706$451$279$168$99$12
40 years$681$429$261$155$90$10
41 years$657$408$245$143$81$9
42 years$634$389$230$132$74$7
43 years$612$370$215$122$67$6
44 years$592$353$202$112$61$5
45 years$572$337$190$104$55$4
46 years$553$321$178$96$50$4
47 years$535$307$168$88$46$3
48 years$518$293$157$82$41$3
49 years$502$279$148$76$38$2
50 years$486$267$139$70$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $498,000, adding $2,569 every year, while hoping to spend $24,301 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: 29/49/22 Blend
54$498,000$498,000$498,000$498,000
55$551,446$525,052$517,333$563,577
56$581,837$524,923$508,808$573,023
57$614,514$523,974$499,182$580,839
58$649,684$522,138$488,394$588,733
59$687,574$519,346$476,378$596,728
60$728,436$515,522$463,065$604,849
61$772,543$510,590$448,385$613,128
62$820,198$504,465$432,262$621,601
63$871,733$497,058$414,617$630,311
64$927,513$488,277$395,369$639,309
65$987,938$478,021$374,433$648,651
66$1,053,450$466,186$351,719$658,406
67$1,124,534$452,661$327,133$668,648
68$1,201,722$437,327$300,578$679,466
69$1,285,602$420,061$271,952$690,961
70$1,376,819$400,729$241,148$703,245
71$1,476,082$379,193$208,054$716,450
72$1,584,174$355,305$172,555$730,723
73$1,701,953$328,908$134,529$746,230
74$1,830,366$299,838$93,849$763,161
75$1,970,453$267,920$50,383$781,728
76$2,123,361$232,970$3,993$802,172
77$2,290,352$194,793$0$824,762
78$2,472,813$153,183$0$860,487
79$2,672,273$107,923$0$900,698
80$2,890,417$58,783$0$944,877
81$3,129,097$5,521$0$993,492
82$3,390,354$0$0$1,047,062
83$3,676,434$0$0$1,134,270
84$3,989,814$0$0$1,233,139
85$4,333,216$0$0$1,341,563
86$4,709,644$0$0$1,460,500
87$5,122,403$0$0$1,591,004
88$5,575,133$0$0$1,734,238
89$6,071,843$0$0$1,891,482
90$6,616,952$0$0$2,064,145
91$7,215,324$0$0$2,253,782
92$7,872,319$0$0$2,462,104
93$8,593,839$0$0$2,690,995
94$9,386,388$0$0$2,942,532
95$10,257,131$0$0$3,219,003
96$11,213,960$0$0$3,522,928
97$12,265,569$0$0$3,857,086
98$13,421,537$0$0$4,224,533
99$14,692,418$0$0$4,628,643
100$16,089,838$0$0$5,073,127