Can I retire at age 55 with 499,000?

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 $499,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$41,207$40,840$40,482$40,132$39,791$38,425
2 years$20,399$20,020$19,651$19,294$18,948$17,586
3 years$13,465$13,083$12,716$12,362$12,021$10,706
4 years$9,998$9,617$9,254$8,906$8,574$7,315
5 years$7,918$7,540$7,181$6,841$6,518$5,318
6 years$6,532$6,157$5,804$5,471$5,157$4,019
7 years$5,543$5,171$4,823$4,498$4,194$3,116
8 years$4,801$4,432$4,090$3,773$3,479$2,461
9 years$4,224$3,859$3,523$3,214$2,930$1,971
10 years$3,763$3,402$3,071$2,770$2,497$1,594
11 years$3,386$3,028$2,704$2,411$2,147$1,300
12 years$3,072$2,718$2,400$2,115$1,861$1,066
13 years$2,807$2,456$2,144$1,867$1,623$879
14 years$2,580$2,233$1,926$1,657$1,422$728
15 years$2,383$2,040$1,739$1,478$1,252$605
16 years$2,211$1,871$1,577$1,323$1,107$504
17 years$2,059$1,723$1,435$1,189$981$420
18 years$1,924$1,592$1,310$1,072$873$351
19 years$1,804$1,476$1,199$968$778$294
20 years$1,696$1,371$1,100$877$695$247
21 years$1,598$1,277$1,012$796$622$207
22 years$1,509$1,192$933$724$557$174
23 years$1,429$1,115$861$659$500$146
24 years$1,355$1,045$797$601$450$123
25 years$1,286$981$738$549$405$104
26 years$1,224$922$684$502$364$87
27 years$1,166$867$635$459$329$73
28 years$1,112$817$591$421$296$62
29 years$1,062$771$550$386$268$52
30 years$1,016$728$512$354$242$44
31 years$972$688$477$325$219$37
32 years$932$651$445$299$198$31
33 years$894$617$416$275$179$26
34 years$858$585$389$253$162$22
35 years$824$554$363$233$147$19
36 years$793$526$340$214$133$16
37 years$763$500$318$198$121$13
38 years$734$475$298$182$109$11
39 years$708$452$279$168$99$9
40 years$682$430$262$155$90$8
41 years$658$409$245$143$82$7
42 years$635$390$230$132$74$6
43 years$614$371$216$122$67$5
44 years$593$354$203$112$61$4
45 years$573$337$190$104$55$3
46 years$554$322$179$96$50$3
47 years$536$307$168$89$46$2
48 years$519$293$158$82$41$2
49 years$503$280$148$76$38$2
50 years$487$268$139$70$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $499,000, adding $4,128 every year, while hoping to spend $39,261 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: 57/16/27 Blend
54$499,000$499,000$499,000$499,000
55$554,156$527,709$519,975$581,435
56$568,907$511,793$495,620$584,687
57$583,846$493,782$469,134$583,756
58$598,951$473,531$440,404$581,930
59$614,198$450,887$409,311$579,135
60$629,555$425,690$375,732$575,291
61$644,989$397,768$339,538$570,311
62$660,461$366,942$300,596$564,104
63$675,926$333,020$258,764$556,571
64$691,334$295,801$213,895$547,605
65$706,626$255,072$165,837$537,091
66$721,739$210,607$114,430$524,907
67$736,600$162,170$59,506$510,919
68$751,125$109,508$892$494,987
69$765,222$52,357$0$476,957
70$778,788$0$0$474,426
71$791,707$0$0$472,567
72$803,848$0$0$479,414
73$815,066$0$0$485,657
74$825,199$0$0$491,193
75$834,065$0$0$495,907
76$841,464$0$0$499,673
77$847,171$0$0$502,348
78$850,937$0$0$503,775
79$852,483$0$0$503,778
80$851,501$0$0$502,162
81$847,649$0$0$498,713
82$840,547$0$0$493,189
83$829,774$0$0$485,326
84$814,861$0$0$474,829
85$795,292$0$0$461,370
86$770,492$0$0$444,590
87$739,826$0$0$424,086
88$702,591$0$0$399,418
89$658,007$0$0$370,093
90$605,215$0$0$335,570
91$543,260$0$0$295,249
92$471,089$0$0$248,467
93$387,539$0$0$194,491
94$291,321$0$0$132,511
95$181,012$0$0$61,632
96$55,042$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0