Can I retire at age 55 with 503,000?

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 $503,000?

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$41,537$41,167$40,806$40,454$40,110$38,857
2 years$20,563$20,180$19,809$19,449$19,100$17,849
3 years$13,572$13,188$12,818$12,461$12,118$10,908
4 years$10,078$9,694$9,328$8,978$8,643$7,483
5 years$7,982$7,601$7,239$6,896$6,570$5,464
6 years$6,585$6,206$5,850$5,514$5,199$4,147
7 years$5,587$5,212$4,861$4,534$4,228$3,230
8 years$4,839$4,468$4,123$3,803$3,507$2,563
9 years$4,258$3,890$3,551$3,240$2,954$2,062
10 years$3,793$3,429$3,096$2,793$2,517$1,677
11 years$3,413$3,053$2,726$2,430$2,164$1,374
12 years$3,097$2,740$2,419$2,132$1,876$1,133
13 years$2,829$2,476$2,161$1,882$1,636$940
14 years$2,600$2,251$1,942$1,671$1,434$782
15 years$2,402$2,056$1,753$1,490$1,262$653
16 years$2,228$1,886$1,589$1,334$1,116$547
17 years$2,076$1,737$1,446$1,199$989$460
18 years$1,940$1,605$1,320$1,080$880$387
19 years$1,819$1,488$1,209$976$784$326
20 years$1,710$1,382$1,109$884$700$275
21 years$1,611$1,288$1,020$802$627$232
22 years$1,522$1,202$940$729$562$196
23 years$1,440$1,124$868$664$504$166
24 years$1,365$1,053$803$606$453$140
25 years$1,297$989$744$553$408$119
26 years$1,234$929$690$506$367$101
27 years$1,175$874$641$463$331$85
28 years$1,121$824$595$424$299$72
29 years$1,071$777$554$389$270$61
30 years$1,024$734$516$357$244$52
31 years$980$694$481$328$220$44
32 years$939$657$449$301$199$38
33 years$901$622$419$277$180$32
34 years$865$589$392$255$163$27
35 years$831$559$366$235$148$23
36 years$799$531$343$216$134$20
37 years$769$504$321$199$122$17
38 years$740$479$300$184$110$14
39 years$713$455$281$169$100$12
40 years$688$433$264$156$91$10
41 years$663$412$247$144$82$9
42 years$640$393$232$133$75$7
43 years$618$374$218$123$68$6
44 years$598$357$204$113$61$5
45 years$578$340$192$105$56$4
46 years$559$324$180$97$51$4
47 years$541$310$169$89$46$3
48 years$523$296$159$83$42$3
49 years$507$282$149$76$38$2
50 years$491$270$141$71$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $503,000, adding $2,289 every year, while hoping to spend $24,905 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: 57/37/6 Blend
54$503,000$503,000$503,000$503,000
55$556,667$530,008$522,212$587,574
56$586,948$529,480$513,207$608,091
57$619,484$528,091$503,066$627,425
58$654,477$525,773$491,724$647,870
59$692,151$522,453$479,114$669,534
60$732,751$518,055$465,166$692,536
61$776,548$512,496$449,806$717,011
62$823,838$505,690$432,956$743,105
63$874,946$497,545$414,536$770,983
64$930,229$487,964$394,462$800,827
65$990,082$476,843$372,646$832,837
66$1,054,936$464,074$348,995$867,239
67$1,125,267$449,542$323,414$904,279
68$1,201,598$433,123$295,802$944,232
69$1,284,504$414,688$266,054$987,404
70$1,374,617$394,101$234,060$1,034,130
71$1,472,632$371,217$199,706$1,084,786
72$1,579,316$345,882$162,872$1,139,786
73$1,695,511$317,935$123,433$1,199,587
74$1,822,144$287,204$81,258$1,264,698
75$1,960,234$253,509$36,212$1,335,681
76$2,110,905$216,658$0$1,413,158
77$2,275,392$176,449$0$1,498,577
78$2,455,056$132,669$0$1,594,464
79$2,651,394$85,092$0$1,699,353
80$2,866,055$33,480$0$1,814,186
81$3,100,854$0$0$1,940,006
82$3,357,791$0$0$2,087,093
83$3,639,065$0$0$2,263,077
84$3,947,101$0$0$2,455,850
85$4,284,568$0$0$2,667,086
86$4,654,404$0$0$2,898,632
87$5,059,848$0$0$3,152,521
88$5,504,463$0$0$3,430,989
89$5,992,177$0$0$3,736,505
90$6,527,315$0$0$4,071,783
91$7,114,641$0$0$4,439,815
92$7,759,403$0$0$4,843,896
93$8,467,382$0$0$5,287,658
94$9,244,944$0$0$5,775,098
95$10,099,105$0$0$6,310,622
96$11,037,593$0$0$6,899,084
97$12,068,921$0$0$7,545,829
98$13,202,467$0$0$8,256,747
99$14,448,564$0$0$9,038,329
100$15,818,595$0$0$9,897,722