Can I retire at age 55 with 499,000?

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 $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%19.4%
1 years$41,207$40,840$40,482$40,132$39,791$38,288
2 years$20,399$20,020$19,651$19,294$18,948$17,451
3 years$13,465$13,083$12,716$12,362$12,021$10,578
4 years$9,998$9,617$9,254$8,906$8,574$7,194
5 years$7,918$7,540$7,181$6,841$6,518$5,206
6 years$6,532$6,157$5,804$5,471$5,157$3,915
7 years$5,543$5,171$4,823$4,498$4,194$3,020
8 years$4,801$4,432$4,090$3,773$3,479$2,373
9 years$4,224$3,859$3,523$3,214$2,930$1,889
10 years$3,763$3,402$3,071$2,770$2,497$1,519
11 years$3,386$3,028$2,704$2,411$2,147$1,232
12 years$3,072$2,718$2,400$2,115$1,861$1,004
13 years$2,807$2,456$2,144$1,867$1,623$823
14 years$2,580$2,233$1,926$1,657$1,422$677
15 years$2,383$2,040$1,739$1,478$1,252$559
16 years$2,211$1,871$1,577$1,323$1,107$462
17 years$2,059$1,723$1,435$1,189$981$383
18 years$1,924$1,592$1,310$1,072$873$318
19 years$1,804$1,476$1,199$968$778$265
20 years$1,696$1,371$1,100$877$695$221
21 years$1,598$1,277$1,012$796$622$184
22 years$1,509$1,192$933$724$557$153
23 years$1,429$1,115$861$659$500$128
24 years$1,355$1,045$797$601$450$107
25 years$1,286$981$738$549$405$89
26 years$1,224$922$684$502$364$75
27 years$1,166$867$635$459$329$62
28 years$1,112$817$591$421$296$52
29 years$1,062$771$550$386$268$44
30 years$1,016$728$512$354$242$37
31 years$972$688$477$325$219$31
32 years$932$651$445$299$198$26
33 years$894$617$416$275$179$21
34 years$858$585$389$253$162$18
35 years$824$554$363$233$147$15
36 years$793$526$340$214$133$13
37 years$763$500$318$198$121$11
38 years$734$475$298$182$109$9
39 years$708$452$279$168$99$7
40 years$682$430$262$155$90$6
41 years$658$409$245$143$82$5
42 years$635$390$230$132$74$4
43 years$614$371$216$122$67$4
44 years$593$354$203$112$61$3
45 years$573$337$190$104$55$3
46 years$554$322$179$96$50$2
47 years$536$307$168$89$46$2
48 years$519$293$158$82$41$1
49 years$503$280$148$76$38$1
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 $2,957 every year, while hoping to spend $36,059 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: 68/11/21 Blend
54$499,000$499,000$499,000$499,000
55$552,948$526,501$518,767$587,451
56$570,982$513,933$497,779$598,347
57$589,648$499,541$474,879$605,802
58$608,970$483,197$449,966$613,091
59$628,977$464,766$422,933$620,195
60$649,699$444,105$393,667$627,096
61$671,166$421,065$362,053$633,774
62$693,412$395,483$327,968$640,210
63$716,471$367,193$291,286$646,383
64$740,380$336,015$251,873$652,271
65$765,179$301,760$209,591$657,852
66$790,911$264,229$164,296$663,103
67$817,618$223,211$115,834$668,000
68$845,350$178,483$64,050$672,520
69$874,157$129,810$8,777$676,638
70$904,094$76,944$0$680,329
71$935,219$19,621$0$694,817
72$967,594$0$0$711,657
73$1,001,286$0$0$734,032
74$1,036,367$0$0$759,807
75$1,072,915$0$0$786,665
76$1,111,012$0$0$814,667
77$1,150,747$0$0$843,880
78$1,192,217$0$0$874,375
79$1,235,527$0$0$906,230
80$1,280,787$0$0$939,528
81$1,328,120$0$0$974,360
82$1,377,657$0$0$1,010,823
83$1,429,539$0$0$1,049,023
84$1,483,922$0$0$1,089,076
85$1,540,972$0$0$1,131,105
86$1,600,870$0$0$1,175,245
87$1,663,813$0$0$1,221,644
88$1,730,015$0$0$1,270,461
89$1,799,710$0$0$1,321,870
90$1,873,150$0$0$1,376,061
91$1,950,612$0$0$1,433,238
92$2,032,397$0$0$1,493,628
93$2,118,833$0$0$1,557,474
94$2,210,278$0$0$1,625,045
95$2,307,123$0$0$1,696,632
96$2,409,795$0$0$1,772,555
97$2,518,761$0$0$1,853,163
98$2,634,531$0$0$1,938,836
99$2,757,664$0$0$2,029,993
100$2,888,771$0$0$2,127,089