Can I retire at age 55 with 503,000?

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 $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%
1 years$41,537$41,167$40,806$40,454$40,110$38,967
2 years$20,563$20,180$19,809$19,449$19,100$17,957
3 years$13,572$13,188$12,818$12,461$12,118$11,011
4 years$10,078$9,694$9,328$8,978$8,643$7,580
5 years$7,982$7,601$7,239$6,896$6,570$5,555
6 years$6,585$6,206$5,850$5,514$5,199$4,232
7 years$5,587$5,212$4,861$4,534$4,228$3,310
8 years$4,839$4,468$4,123$3,803$3,507$2,638
9 years$4,258$3,890$3,551$3,240$2,954$2,131
10 years$3,793$3,429$3,096$2,793$2,517$1,740
11 years$3,413$3,053$2,726$2,430$2,164$1,433
12 years$3,097$2,740$2,419$2,132$1,876$1,187
13 years$2,829$2,476$2,161$1,882$1,636$989
14 years$2,600$2,251$1,942$1,671$1,434$827
15 years$2,402$2,056$1,753$1,490$1,262$694
16 years$2,228$1,886$1,589$1,334$1,116$585
17 years$2,076$1,737$1,446$1,199$989$493
18 years$1,940$1,605$1,320$1,080$880$417
19 years$1,819$1,488$1,209$976$784$353
20 years$1,710$1,382$1,109$884$700$300
21 years$1,611$1,288$1,020$802$627$254
22 years$1,522$1,202$940$729$562$216
23 years$1,440$1,124$868$664$504$184
24 years$1,365$1,053$803$606$453$157
25 years$1,297$989$744$553$408$133
26 years$1,234$929$690$506$367$114
27 years$1,175$874$641$463$331$97
28 years$1,121$824$595$424$299$83
29 years$1,071$777$554$389$270$71
30 years$1,024$734$516$357$244$60
31 years$980$694$481$328$220$51
32 years$939$657$449$301$199$44
33 years$901$622$419$277$180$37
34 years$865$589$392$255$163$32
35 years$831$559$366$235$148$27
36 years$799$531$343$216$134$23
37 years$769$504$321$199$122$20
38 years$740$479$300$184$110$17
39 years$713$455$281$169$100$15
40 years$688$433$264$156$91$12
41 years$663$412$247$144$82$11
42 years$640$393$232$133$75$9
43 years$618$374$218$123$68$8
44 years$598$357$204$113$61$7
45 years$578$340$192$105$56$6
46 years$559$324$180$97$51$5
47 years$541$310$169$89$46$4
48 years$523$296$159$83$42$4
49 years$507$282$149$76$38$3
50 years$491$270$141$71$34$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $503,000, adding $6,032 every year, while hoping to spend $30,356 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: 24/47/29 Blend
54$503,000$503,000$503,000$503,000
55$560,528$533,869$526,073$568,778
56$585,403$527,730$511,397$570,136
57$611,799$520,273$495,213$568,648
58$639,837$511,401$477,437$566,422
59$669,652$501,012$457,984$563,416
60$701,392$488,997$436,762$559,591
61$735,218$475,241$413,677$554,902
62$771,305$459,624$388,631$549,308
63$809,849$442,015$361,520$542,765
64$851,059$422,280$332,237$535,230
65$895,170$400,274$300,669$526,660
66$942,434$375,844$266,699$517,011
67$993,132$348,831$230,203$506,243
68$1,047,570$319,062$191,053$494,312
69$1,106,085$286,359$149,116$481,179
70$1,169,046$250,530$104,252$466,807
71$1,236,858$211,376$56,313$451,160
72$1,309,967$168,683$5,149$434,205
73$1,388,862$122,226$0$415,913
74$1,474,080$71,770$0$411,562
75$1,566,213$17,063$0$408,526
76$1,665,909$0$0$405,251
77$1,773,882$0$0$423,591
78$1,890,917$0$0$453,109
79$2,017,877$0$0$485,207
80$2,155,711$0$0$520,134
81$2,305,462$0$0$558,165
82$2,468,278$0$0$599,602
83$2,645,423$0$0$644,777
84$2,838,286$0$0$694,057
85$3,048,396$0$0$747,844
86$3,277,437$0$0$806,581
87$3,527,261$0$0$870,757
88$3,799,905$0$0$940,909
89$4,097,615$0$0$1,017,628
90$4,422,859$0$0$1,101,566
91$4,778,358$0$0$1,193,440
92$5,167,105$0$0$1,294,041
93$5,592,398$0$0$1,404,236
94$6,057,865$0$0$1,524,986
95$6,567,503$0$0$1,657,343
96$7,125,715$0$0$1,802,470
97$7,737,346$0$0$1,961,647
98$8,407,735$0$0$2,136,283
99$9,142,760$0$0$2,327,930
100$9,948,898$0$0$2,538,297