Can I retire at age 55 with 500,000?

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 $500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$41,290$40,922$40,563$40,213$39,871$38,907
2 years$20,440$20,060$19,691$19,333$18,986$18,021
3 years$13,492$13,109$12,741$12,387$12,046$11,109
4 years$10,018$9,637$9,272$8,924$8,591$7,690
5 years$7,934$7,555$7,196$6,855$6,531$5,669
6 years$6,545$6,169$5,815$5,482$5,168$4,345
7 years$5,554$5,181$4,832$4,507$4,203$3,419
8 years$4,811$4,441$4,098$3,781$3,486$2,742
9 years$4,233$3,867$3,530$3,220$2,936$2,230
10 years$3,771$3,408$3,077$2,776$2,502$1,834
11 years$3,393$3,034$2,709$2,416$2,152$1,520
12 years$3,079$2,723$2,404$2,119$1,864$1,269
13 years$2,813$2,461$2,148$1,871$1,626$1,065
14 years$2,585$2,237$1,930$1,661$1,425$898
15 years$2,388$2,044$1,743$1,481$1,255$759
16 years$2,215$1,875$1,580$1,326$1,109$644
17 years$2,063$1,727$1,438$1,191$983$548
18 years$1,928$1,596$1,312$1,074$874$467
19 years$1,808$1,479$1,202$970$779$399
20 years$1,699$1,374$1,103$879$696$341
21 years$1,601$1,280$1,014$798$623$292
22 years$1,512$1,195$935$725$558$251
23 years$1,431$1,118$863$660$501$215
24 years$1,357$1,047$798$602$451$185
25 years$1,289$983$739$550$405$159
26 years$1,226$923$686$503$365$136
27 years$1,168$869$637$460$329$117
28 years$1,114$819$592$422$297$101
29 years$1,064$773$551$387$268$87
30 years$1,018$730$513$355$242$75
31 years$974$690$478$326$219$64
32 years$934$653$446$300$198$56
33 years$895$618$417$276$179$48
34 years$860$586$389$254$162$41
35 years$826$556$364$233$147$36
36 years$794$527$341$215$133$31
37 years$764$501$319$198$121$26
38 years$736$476$298$183$110$23
39 years$709$453$280$168$99$20
40 years$684$431$262$155$90$17
41 years$659$410$246$143$82$15
42 years$637$390$231$132$74$13
43 years$615$372$216$122$67$11
44 years$594$355$203$113$61$9
45 years$574$338$191$104$55$8
46 years$555$323$179$96$50$7
47 years$538$308$168$89$46$6
48 years$520$294$158$82$42$5
49 years$504$281$149$76$38$4
50 years$488$268$140$70$34$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $500,000, adding $5,966 every year, while hoping to spend $20,743 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: 28/49/23 Blend
54$500,000$500,000$500,000$500,000
55$557,154$530,654$522,904$568,603
56$591,913$534,586$518,351$581,968
57$629,523$538,015$512,950$594,093
58$670,251$540,895$506,651$606,687
59$714,395$543,176$499,401$619,802
60$762,277$544,806$491,146$633,498
61$814,257$545,729$481,827$647,844
62$870,727$545,886$471,384$662,915
63$932,120$545,212$459,753$678,798
64$998,910$543,642$446,870$695,589
65$1,071,623$541,104$432,663$713,398
66$1,150,833$537,523$417,062$732,345
67$1,237,174$532,818$399,990$752,567
68$1,331,344$526,905$381,368$774,217
69$1,434,111$519,693$361,114$797,466
70$1,546,320$511,087$339,141$822,505
71$1,668,901$500,987$315,358$849,549
72$1,802,878$489,284$289,672$878,834
73$1,949,379$475,866$261,983$910,629
74$2,109,645$460,613$232,189$945,229
75$2,285,043$443,398$200,182$982,966
76$2,477,079$424,085$165,849$1,024,208
77$2,687,409$402,534$129,073$1,069,366
78$2,917,860$378,593$89,732$1,118,897
79$3,170,441$352,104$47,698$1,173,309
80$3,447,367$322,898$2,837$1,233,167
81$3,751,076$290,797$0$1,299,099
82$4,084,253$255,614$0$1,382,855
83$4,449,858$217,150$0$1,475,618
84$4,851,148$175,195$0$1,577,590
85$5,291,713$129,527$0$1,689,763
86$5,775,506$79,912$0$1,813,237
87$6,306,884$26,104$0$1,949,228
88$6,890,644$0$0$2,099,082
89$7,532,072$0$0$2,281,629
90$8,236,990$0$0$2,497,801
91$9,011,815$0$0$2,735,501
92$9,863,614$0$0$2,996,909
93$10,800,173$0$0$3,284,426
94$11,830,070$0$0$3,600,696
95$12,962,758$0$0$3,948,636
96$14,208,650$0$0$4,331,457
97$15,579,219$0$0$4,752,698
98$17,087,106$0$0$5,216,257
99$18,746,240$0$0$5,726,432
100$20,571,968$0$0$6,287,954