Can I retire at age 55 with 507,000?

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 $507,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$41,868$41,495$41,131$40,776$40,429$39,776
2 years$20,727$20,341$19,966$19,604$19,252$18,595
3 years$13,680$13,293$12,920$12,560$12,214$11,575
4 years$10,158$9,772$9,402$9,049$8,711$8,094
5 years$8,045$7,661$7,296$6,950$6,622$6,029
6 years$6,637$6,256$5,897$5,558$5,240$4,672
7 years$5,632$5,254$4,900$4,570$4,261$3,718
8 years$4,878$4,503$4,156$3,834$3,535$3,017
9 years$4,292$3,921$3,579$3,265$2,977$2,483
10 years$3,824$3,456$3,121$2,815$2,537$2,067
11 years$3,441$3,077$2,747$2,450$2,182$1,736
12 years$3,122$2,762$2,438$2,149$1,891$1,468
13 years$2,852$2,496$2,178$1,897$1,649$1,248
14 years$2,621$2,268$1,957$1,684$1,445$1,066
15 years$2,421$2,072$1,767$1,502$1,272$915
16 years$2,246$1,901$1,602$1,345$1,125$787
17 years$2,092$1,751$1,458$1,208$997$679
18 years$1,955$1,618$1,331$1,089$887$588
19 years$1,833$1,500$1,218$984$790$509
20 years$1,723$1,393$1,118$891$706$442
21 years$1,624$1,298$1,028$809$632$384
22 years$1,534$1,212$948$735$566$335
23 years$1,451$1,133$875$670$508$292
24 years$1,376$1,062$809$611$457$254
25 years$1,307$996$750$558$411$222
26 years$1,243$936$695$510$370$194
27 years$1,185$881$646$467$334$170
28 years$1,130$830$600$428$301$148
29 years$1,079$783$559$392$272$130
30 years$1,032$740$520$360$246$114
31 years$988$699$485$331$222$100
32 years$947$662$453$304$201$87
33 years$908$627$423$279$182$76
34 years$872$594$395$257$165$67
35 years$837$563$369$237$149$59
36 years$805$535$345$218$135$51
37 years$775$508$323$201$122$45
38 years$746$483$303$185$111$40
39 years$719$459$284$171$101$35
40 years$693$437$266$157$91$30
41 years$669$416$249$145$83$27
42 years$645$396$234$134$75$23
43 years$623$377$219$124$68$21
44 years$602$360$206$114$62$18
45 years$582$343$193$105$56$16
46 years$563$327$182$97$51$14
47 years$545$312$171$90$46$12
48 years$528$298$160$83$42$11
49 years$511$285$151$77$38$9
50 years$495$272$142$71$35$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $507,000, adding $6,807 every year, while hoping to spend $27,485 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: 57/34/9 Blend
54$507,000$507,000$507,000$507,000
55$565,735$538,864$531,006$596,398
56$594,197$536,025$519,551$615,019
57$624,640$532,125$506,791$631,635
58$657,238$527,084$492,653$649,072
59$692,181$520,816$477,062$667,412
60$729,677$513,230$459,937$686,745
61$769,955$504,229$441,195$707,173
62$813,265$493,711$420,751$728,808
63$859,884$481,568$398,511$751,778
64$910,113$467,686$374,382$776,223
65$964,285$451,943$348,265$802,298
66$1,022,764$434,211$320,054$830,178
67$1,085,953$414,354$289,642$860,056
68$1,154,291$392,228$256,916$892,147
69$1,228,263$367,681$221,757$926,690
70$1,308,401$340,553$184,042$963,952
71$1,395,291$310,674$143,641$1,004,228
72$1,489,578$277,864$100,419$1,047,845
73$1,591,969$241,933$54,237$1,095,167
74$1,703,242$202,681$4,947$1,146,600
75$1,824,256$159,895$0$1,202,591
76$1,955,953$113,353$0$1,268,214
77$2,099,370$62,816$0$1,340,250
78$2,255,648$8,037$0$1,418,850
79$2,426,045$0$0$1,504,710
80$2,611,942$0$0$1,617,774
81$2,814,861$0$0$1,744,514
82$3,036,478$0$0$1,882,977
83$3,278,637$0$0$2,034,319
84$3,543,367$0$0$2,199,816
85$3,832,905$0$0$2,380,870
86$4,149,711$0$0$2,579,026
87$4,496,496$0$0$2,795,987
88$4,876,244$0$0$3,033,626
89$5,292,240$0$0$3,294,006
90$5,748,105$0$0$3,579,399
91$6,247,824$0$0$3,892,309
92$6,795,786$0$0$4,235,492
93$7,396,828$0$0$4,611,984
94$8,056,273$0$0$5,025,129
95$8,779,989$0$0$5,478,611
96$9,574,435$0$0$5,976,486
97$10,446,731$0$0$6,523,225
98$11,404,715$0$0$7,123,752
99$12,457,024$0$0$7,783,489
100$13,613,173$0$0$8,508,413