Can I retire at age 55 with 498,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.7%
1 years$41,124$40,758$40,401$40,052$39,711$38,626
2 years$20,359$19,979$19,612$19,256$18,910$17,825
3 years$13,438$13,057$12,690$12,337$11,997$10,946
4 years$9,978$9,598$9,235$8,888$8,557$7,547
5 years$7,902$7,525$7,167$6,827$6,505$5,539
6 years$6,519$6,145$5,792$5,460$5,147$4,227
7 years$5,532$5,160$4,813$4,489$4,186$3,312
8 years$4,791$4,423$4,082$3,765$3,473$2,644
9 years$4,216$3,851$3,516$3,207$2,924$2,140
10 years$3,756$3,395$3,065$2,765$2,492$1,750
11 years$3,380$3,022$2,698$2,406$2,143$1,444
12 years$3,066$2,713$2,395$2,111$1,857$1,199
13 years$2,801$2,451$2,140$1,863$1,619$1,001
14 years$2,574$2,228$1,922$1,654$1,420$839
15 years$2,378$2,036$1,736$1,475$1,250$706
16 years$2,206$1,868$1,574$1,321$1,105$595
17 years$2,055$1,720$1,432$1,187$979$504
18 years$1,921$1,589$1,307$1,069$871$427
19 years$1,800$1,473$1,197$966$776$362
20 years$1,693$1,369$1,098$875$693$308
21 years$1,595$1,275$1,010$794$620$262
22 years$1,506$1,190$931$722$556$223
23 years$1,426$1,113$860$658$499$190
24 years$1,352$1,043$795$600$449$162
25 years$1,284$979$736$548$404$139
26 years$1,221$920$683$501$364$118
27 years$1,164$866$634$459$328$101
28 years$1,110$816$590$420$296$87
29 years$1,060$770$549$385$267$74
30 years$1,014$727$511$354$241$63
31 years$970$687$476$325$218$54
32 years$930$650$445$298$197$46
33 years$892$616$415$274$179$40
34 years$856$583$388$252$162$34
35 years$823$553$363$232$147$29
36 years$791$525$339$214$133$25
37 years$761$499$317$197$120$21
38 years$733$474$297$182$109$18
39 years$706$451$279$168$99$16
40 years$681$429$261$155$90$13
41 years$657$408$245$143$81$11
42 years$634$389$230$132$74$10
43 years$612$370$215$122$67$8
44 years$592$353$202$112$61$7
45 years$572$337$190$104$55$6
46 years$553$321$178$96$50$5
47 years$535$307$168$88$46$5
48 years$518$293$157$82$41$4
49 years$502$279$148$76$38$3
50 years$486$267$139$70$34$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $498,000, adding $4,222 every year, while hoping to spend $24,908 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: 39/42/19 Blend
54$498,000$498,000$498,000$498,000
55$553,151$526,757$519,038$571,442
56$583,070$526,066$509,924$584,266
57$615,207$524,507$499,670$595,432
58$649,760$522,010$488,211$606,990
59$686,950$518,502$475,480$618,987
60$727,016$513,906$461,406$631,480
61$770,225$508,140$445,916$644,531
62$816,865$501,117$428,932$658,212
63$867,258$492,744$410,373$672,603
64$921,753$482,924$390,156$687,797
65$980,737$471,552$368,191$703,895
66$1,044,634$458,520$344,387$721,014
67$1,113,910$443,710$318,647$739,284
68$1,189,077$427,001$290,871$758,852
69$1,270,701$408,262$260,953$779,882
70$1,359,401$387,355$228,783$802,559
71$1,455,859$364,135$194,247$827,089
72$1,560,828$338,448$157,225$853,704
73$1,675,131$310,131$117,591$882,662
74$1,799,679$279,012$75,215$914,253
75$1,935,472$244,910$29,960$948,801
76$2,083,612$207,632$0$986,665
77$2,245,309$166,974$0$1,031,965
78$2,421,898$122,723$0$1,088,155
79$2,614,847$74,653$0$1,149,688
80$2,825,774$22,523$0$1,217,152
81$3,056,458$0$0$1,291,200
82$3,308,859$0$0$1,388,234
83$3,585,135$0$0$1,505,906
84$3,887,662$0$0$1,634,827
85$4,219,058$0$0$1,776,120
86$4,582,205$0$0$1,931,022
87$4,980,275$0$0$2,100,898
88$5,416,765$0$0$2,287,248
89$5,895,525$0$0$2,491,725
90$6,420,796$0$0$2,716,151
91$6,997,247$0$0$2,962,532
92$7,630,025$0$0$3,233,078
93$8,324,797$0$0$3,530,223
94$9,087,806$0$0$3,856,649
95$9,925,928$0$0$4,215,311
96$10,846,741$0$0$4,609,462
97$11,858,590$0$0$5,042,689
98$12,970,671$0$0$5,518,941
99$14,193,113$0$0$6,042,571
100$15,537,076$0$0$6,618,373