Can I retire at age 55 with 505,000?

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 $505,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$41,702$41,331$40,969$40,615$40,269$38,918
2 years$20,645$20,260$19,888$19,526$19,176$17,828
3 years$13,626$13,240$12,869$12,511$12,166$10,863
4 years$10,118$9,733$9,365$9,013$8,677$7,430
5 years$8,013$7,631$7,268$6,923$6,596$5,408
6 years$6,611$6,231$5,873$5,536$5,219$4,091
7 years$5,609$5,233$4,881$4,552$4,245$3,176
8 years$4,859$4,486$4,139$3,818$3,521$2,511
9 years$4,275$3,905$3,565$3,252$2,965$2,013
10 years$3,809$3,442$3,108$2,804$2,527$1,630
11 years$3,427$3,065$2,736$2,440$2,173$1,331
12 years$3,109$2,751$2,428$2,140$1,883$1,093
13 years$2,841$2,486$2,170$1,889$1,642$903
14 years$2,611$2,260$1,949$1,677$1,439$749
15 years$2,411$2,064$1,760$1,496$1,267$623
16 years$2,237$1,894$1,596$1,339$1,120$519
17 years$2,084$1,744$1,452$1,203$993$434
18 years$1,948$1,612$1,326$1,085$883$363
19 years$1,826$1,494$1,214$980$787$305
20 years$1,716$1,388$1,114$888$703$256
21 years$1,617$1,293$1,024$805$629$215
22 years$1,528$1,207$944$732$564$181
23 years$1,446$1,129$872$667$506$152
24 years$1,371$1,058$806$608$455$128
25 years$1,302$992$747$556$409$108
26 years$1,239$933$693$508$369$91
27 years$1,180$878$643$465$333$77
28 years$1,126$827$598$426$300$65
29 years$1,075$780$556$391$271$55
30 years$1,028$737$518$359$245$46
31 years$984$697$483$329$221$39
32 years$943$659$451$303$200$33
33 years$904$624$421$278$181$28
34 years$868$592$393$256$164$24
35 years$834$561$368$236$149$20
36 years$802$533$344$217$135$17
37 years$772$506$322$200$122$14
38 years$743$481$301$184$111$12
39 years$716$457$282$170$100$10
40 years$690$435$265$157$91$9
41 years$666$414$248$145$83$7
42 years$643$394$233$133$75$6
43 years$621$376$218$123$68$5
44 years$600$358$205$114$62$4
45 years$580$341$193$105$56$4
46 years$561$326$181$97$51$3
47 years$543$311$170$90$46$3
48 years$526$297$160$83$42$2
49 years$509$283$150$77$38$2
50 years$493$271$141$71$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $505,000, adding $4,748 every year, while hoping to spend $38,210 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: 67/15/18 Blend
54$505,000$505,000$505,000$505,000
55$561,408$534,643$526,815$596,239
56$578,016$520,185$503,808$605,669
57$595,038$503,738$478,750$611,092
58$612,475$485,165$451,531$616,089
59$630,328$464,318$422,038$620,615
60$648,597$441,045$390,152$624,624
61$667,279$415,182$355,747$628,067
62$686,371$386,555$318,695$630,888
63$705,868$354,984$278,858$633,032
64$725,763$320,274$236,096$634,434
65$746,046$282,223$190,260$635,030
66$766,705$240,614$141,196$634,746
67$787,724$195,219$88,742$633,508
68$809,086$145,800$32,729$631,231
69$830,770$92,100$0$627,828
70$852,748$33,853$0$628,398
71$874,991$0$0$634,689
72$897,463$0$0$645,160
73$920,125$0$0$661,342
74$942,928$0$0$677,611
75$965,819$0$0$693,926
76$988,736$0$0$710,243
77$1,011,610$0$0$726,508
78$1,034,360$0$0$742,663
79$1,056,898$0$0$758,640
80$1,079,120$0$0$774,364
81$1,100,914$0$0$789,750
82$1,122,149$0$0$804,702
83$1,142,683$0$0$819,112
84$1,162,352$0$0$832,860
85$1,180,976$0$0$845,812
86$1,198,351$0$0$857,817
87$1,214,251$0$0$868,708
88$1,228,424$0$0$878,296
89$1,240,588$0$0$886,372
90$1,250,428$0$0$892,705
91$1,257,596$0$0$897,036
92$1,261,703$0$0$899,076
93$1,262,318$0$0$898,507
94$1,258,961$0$0$894,973
95$1,251,101$0$0$888,080
96$1,238,145$0$0$877,391
97$1,219,441$0$0$862,422
98$1,194,261$0$0$842,636
99$1,161,802$0$0$817,437
100$1,121,172$0$0$786,167