Can I retire at age 55 with 506,000?

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 $506,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$41,785$41,413$41,050$40,695$40,349$39,406
2 years$20,686$20,300$19,927$19,565$19,214$18,269
3 years$13,653$13,267$12,894$12,535$12,190$11,273
4 years$10,138$9,752$9,384$9,031$8,694$7,812
5 years$8,029$7,646$7,282$6,937$6,609$5,764
6 years$6,624$6,243$5,885$5,547$5,230$4,423
7 years$5,621$5,243$4,890$4,561$4,253$3,485
8 years$4,868$4,494$4,147$3,826$3,528$2,798
9 years$4,284$3,913$3,572$3,259$2,971$2,278
10 years$3,816$3,449$3,114$2,809$2,532$1,876
11 years$3,434$3,071$2,742$2,445$2,177$1,557
12 years$3,115$2,756$2,433$2,144$1,887$1,301
13 years$2,846$2,491$2,174$1,893$1,645$1,093
14 years$2,616$2,264$1,953$1,681$1,442$923
15 years$2,416$2,068$1,764$1,499$1,270$782
16 years$2,242$1,898$1,599$1,342$1,122$664
17 years$2,088$1,748$1,455$1,206$995$566
18 years$1,951$1,615$1,328$1,087$885$483
19 years$1,829$1,497$1,216$982$789$413
20 years$1,720$1,391$1,116$889$704$354
21 years$1,621$1,295$1,026$807$630$304
22 years$1,531$1,209$946$734$565$261
23 years$1,449$1,131$873$668$507$224
24 years$1,374$1,060$808$610$456$193
25 years$1,305$994$748$557$410$166
26 years$1,241$935$694$509$370$143
27 years$1,182$880$644$466$333$123
28 years$1,128$829$599$427$301$106
29 years$1,077$782$557$391$271$91
30 years$1,030$738$519$359$245$79
31 years$986$698$484$330$222$68
32 years$945$660$452$303$201$59
33 years$906$625$422$279$182$51
34 years$870$593$394$257$164$44
35 years$836$562$368$236$149$38
36 years$804$534$345$218$135$33
37 years$773$507$323$200$122$28
38 years$745$482$302$185$111$24
39 years$717$458$283$170$101$21
40 years$692$436$265$157$91$18
41 years$667$415$249$145$83$16
42 years$644$395$233$134$75$14
43 years$622$376$219$123$68$12
44 years$601$359$205$114$62$10
45 years$581$342$193$105$56$9
46 years$562$326$181$97$51$8
47 years$544$312$170$90$46$7
48 years$527$297$160$83$42$6
49 years$510$284$150$77$38$5
50 years$494$271$141$71$35$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $506,000, adding $6,264 every year, while hoping to spend $28,454 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: 28/46/26 Blend
54$506,000$506,000$506,000$506,000
55$564,073$537,255$529,412$575,170
56$591,334$533,306$516,873$580,503
57$620,422$528,209$502,960$583,338
58$651,492$521,880$487,596$585,801
59$684,718$514,225$470,704$587,881
60$720,285$505,148$452,199$589,566
61$758,401$494,547$431,995$590,847
62$799,292$482,313$410,000$591,717
63$843,204$468,331$386,119$592,171
64$890,410$452,479$360,254$592,209
65$941,209$434,628$332,300$591,831
66$995,930$414,642$302,149$591,045
67$1,054,931$392,375$269,687$589,861
68$1,118,609$367,677$234,796$588,296
69$1,187,398$340,384$197,353$586,373
70$1,261,777$310,327$157,229$584,123
71$1,342,270$277,325$114,288$581,585
72$1,429,454$241,187$68,390$578,806
73$1,523,966$201,712$19,388$575,847
74$1,626,501$158,687$0$572,778
75$1,737,829$111,888$0$578,814
76$1,858,793$61,076$0$591,261
77$1,990,322$6,000$0$604,899
78$2,133,438$0$0$619,916
79$2,289,265$0$0$663,656
80$2,459,040$0$0$714,696
81$2,644,125$0$0$770,418
82$2,846,017$0$0$831,282
83$3,066,367$0$0$897,796
84$3,306,989$0$0$970,519
85$3,569,882$0$0$1,050,066
86$3,857,246$0$0$1,137,114
87$4,171,503$0$0$1,232,409
88$4,515,320$0$0$1,336,773
89$4,891,633$0$0$1,451,109
90$5,303,676$0$0$1,576,414
91$5,755,010$0$0$1,713,785
92$6,249,557$0$0$1,864,430
93$6,791,635$0$0$2,029,679
94$7,386,001$0$0$2,211,000
95$8,037,892$0$0$2,410,004
96$8,753,080$0$0$2,628,473
97$9,537,920$0$0$2,868,363
98$10,399,413$0$0$3,131,833
99$11,345,269$0$0$3,421,261
100$12,383,984$0$0$3,739,265