Can I retire at age 55 with 505,000?

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 $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%12.2%
1 years$41,702$41,331$40,969$40,615$40,269$39,899
2 years$20,645$20,260$19,888$19,526$19,176$18,802
3 years$13,626$13,240$12,869$12,511$12,166$11,801
4 years$10,118$9,733$9,365$9,013$8,677$8,324
5 years$8,013$7,631$7,268$6,923$6,596$6,256
6 years$6,611$6,231$5,873$5,536$5,219$4,892
7 years$5,609$5,233$4,881$4,552$4,245$3,930
8 years$4,859$4,486$4,139$3,818$3,521$3,220
9 years$4,275$3,905$3,565$3,252$2,965$2,678
10 years$3,809$3,442$3,108$2,804$2,527$2,252
11 years$3,427$3,065$2,736$2,440$2,173$1,911
12 years$3,109$2,751$2,428$2,140$1,883$1,633
13 years$2,841$2,486$2,170$1,889$1,642$1,404
14 years$2,611$2,260$1,949$1,677$1,439$1,214
15 years$2,411$2,064$1,760$1,496$1,267$1,053
16 years$2,237$1,894$1,596$1,339$1,120$917
17 years$2,084$1,744$1,452$1,203$993$801
18 years$1,948$1,612$1,326$1,085$883$701
19 years$1,826$1,494$1,214$980$787$615
20 years$1,716$1,388$1,114$888$703$541
21 years$1,617$1,293$1,024$805$629$476
22 years$1,528$1,207$944$732$564$420
23 years$1,446$1,129$872$667$506$371
24 years$1,371$1,058$806$608$455$328
25 years$1,302$992$747$556$409$290
26 years$1,239$933$693$508$369$257
27 years$1,180$878$643$465$333$228
28 years$1,126$827$598$426$300$202
29 years$1,075$780$556$391$271$179
30 years$1,028$737$518$359$245$159
31 years$984$697$483$329$221$141
32 years$943$659$451$303$200$125
33 years$904$624$421$278$181$112
34 years$868$592$393$256$164$99
35 years$834$561$368$236$149$88
36 years$802$533$344$217$135$78
37 years$772$506$322$200$122$70
38 years$743$481$301$184$111$62
39 years$716$457$282$170$100$55
40 years$690$435$265$157$91$49
41 years$666$414$248$145$83$44
42 years$643$394$233$133$75$39
43 years$621$376$218$123$68$35
44 years$600$358$205$114$62$31
45 years$580$341$193$105$56$28
46 years$561$326$181$97$51$25
47 years$543$311$170$90$46$22
48 years$526$297$160$83$42$19
49 years$509$283$150$77$38$17
50 years$493$271$141$71$35$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $505,000, adding $5,906 every year, while hoping to spend $34,484 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: 42/38/20 Blend
54$505,000$505,000$505,000$505,000
55$562,602$535,837$528,010$582,714
56$583,297$525,402$509,007$587,122
57$604,947$513,301$488,212$588,098
58$627,612$499,414$465,529$588,446
59$651,361$483,617$440,856$588,125
60$676,263$465,777$414,088$587,092
61$702,396$445,755$385,114$585,307
62$729,846$423,402$353,821$582,725
63$758,703$398,562$320,087$579,302
64$789,068$371,068$283,787$574,991
65$821,048$340,747$244,790$569,746
66$854,763$307,411$202,958$563,520
67$890,341$270,866$158,149$556,265
68$927,922$230,905$110,213$547,932
69$967,660$187,309$58,995$538,473
70$1,009,721$139,846$4,331$527,840
71$1,054,288$88,274$0$515,986
72$1,101,560$32,335$0$514,386
73$1,151,756$0$0$513,208
74$1,205,114$0$0$523,332
75$1,261,895$0$0$548,527
76$1,322,383$0$0$575,404
77$1,386,893$0$0$604,108
78$1,455,765$0$0$634,794
79$1,529,377$0$0$667,636
80$1,608,137$0$0$702,822
81$1,692,499$0$0$740,561
82$1,782,956$0$0$781,080
83$1,880,050$0$0$824,629
84$1,984,379$0$0$871,482
85$2,096,594$0$0$921,941
86$2,217,415$0$0$976,335
87$2,347,628$0$0$1,035,029
88$2,488,101$0$0$1,098,421
89$2,639,783$0$0$1,166,951
90$2,803,722$0$0$1,241,101
91$2,981,064$0$0$1,321,400
92$3,173,073$0$0$1,408,431
93$3,381,137$0$0$1,502,835
94$3,606,783$0$0$1,605,317
95$3,851,688$0$0$1,716,652
96$4,117,700$0$0$1,837,692
97$4,406,849$0$0$1,969,375
98$4,721,370$0$0$2,112,734
99$5,063,719$0$0$2,268,903
100$5,436,603$0$0$2,439,133