Can I retire at age 55 with 508,000?

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 $508,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$41,950$41,576$41,212$40,856$40,509$39,025
2 years$20,767$20,381$20,006$19,642$19,290$17,811
3 years$13,707$13,319$12,945$12,585$12,238$10,812
4 years$10,178$9,791$9,421$9,067$8,728$7,365
5 years$8,061$7,676$7,311$6,964$6,635$5,338
6 years$6,650$6,268$5,908$5,569$5,250$4,020
7 years$5,643$5,264$4,910$4,579$4,270$3,107
8 years$4,888$4,512$4,164$3,841$3,542$2,445
9 years$4,301$3,929$3,586$3,272$2,983$1,950
10 years$3,831$3,463$3,127$2,820$2,542$1,572
11 years$3,447$3,083$2,753$2,454$2,186$1,276
12 years$3,128$2,767$2,443$2,153$1,894$1,043
13 years$2,858$2,501$2,183$1,901$1,652$857
14 years$2,626$2,273$1,961$1,687$1,448$706
15 years$2,426$2,076$1,771$1,505$1,275$584
16 years$2,251$1,905$1,605$1,347$1,127$484
17 years$2,096$1,754$1,461$1,211$999$402
18 years$1,959$1,621$1,333$1,091$888$335
19 years$1,837$1,503$1,221$986$792$279
20 years$1,727$1,396$1,120$893$707$233
21 years$1,627$1,301$1,030$810$633$195
22 years$1,537$1,214$950$737$567$163
23 years$1,454$1,135$877$671$509$136
24 years$1,379$1,064$811$612$458$114
25 years$1,310$998$751$559$412$96
26 years$1,246$938$697$511$371$80
27 years$1,187$883$647$468$335$67
28 years$1,132$832$601$429$302$56
29 years$1,081$785$560$393$273$47
30 years$1,034$741$521$361$246$40
31 years$990$701$486$331$223$33
32 years$949$663$453$304$201$28
33 years$910$628$423$280$182$23
34 years$873$595$396$258$165$20
35 years$839$564$370$237$149$16
36 years$807$536$346$218$135$14
37 years$776$509$324$201$123$12
38 years$748$484$303$185$111$10
39 years$720$460$284$171$101$8
40 years$695$438$266$158$92$7
41 years$670$416$250$146$83$6
42 years$647$397$234$134$75$5
43 years$625$378$220$124$68$4
44 years$604$360$206$114$62$3
45 years$584$344$194$106$56$3
46 years$564$328$182$98$51$2
47 years$546$313$171$90$46$2
48 years$529$299$161$83$42$2
49 years$512$285$151$77$38$1
50 years$496$272$142$71$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $508,000, adding $4,794 every year, while hoping to spend $35,813 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: 39/40/21 Blend
54$508,000$508,000$508,000$508,000
55$564,761$537,837$529,963$583,091
56$584,262$526,086$509,612$584,984
57$604,552$512,559$487,379$583,283
58$625,673$497,132$463,163$580,713
59$647,671$479,671$436,859$577,217
60$670,596$460,037$408,356$572,733
61$694,500$438,083$377,539$567,196
62$719,441$413,650$344,289$560,540
63$745,480$386,575$308,479$552,695
64$772,684$356,682$269,977$543,586
65$801,124$323,786$228,648$533,138
66$830,879$287,692$184,348$521,271
67$862,031$248,191$136,926$507,902
68$894,673$205,068$86,228$492,945
69$928,903$158,089$32,090$476,310
70$964,828$107,012$0$457,904
71$1,002,564$51,580$0$443,386
72$1,042,238$0$0$434,948
73$1,083,988$0$0$429,063
74$1,127,962$0$0$446,803
75$1,174,324$0$0$465,532
76$1,223,251$0$0$485,326
77$1,274,937$0$0$506,267
78$1,329,592$0$0$528,444
79$1,387,448$0$0$551,955
80$1,448,755$0$0$576,907
81$1,513,789$0$0$603,417
82$1,582,851$0$0$631,612
83$1,656,268$0$0$661,632
84$1,734,400$0$0$693,631
85$1,817,642$0$0$727,775
86$1,906,424$0$0$764,250
87$2,001,218$0$0$803,255
88$2,102,542$0$0$845,012
89$2,210,963$0$0$889,762
90$2,327,103$0$0$937,772
91$2,451,643$0$0$989,332
92$2,585,332$0$0$1,044,763
93$2,728,992$0$0$1,104,415
94$2,883,524$0$0$1,168,673
95$3,049,917$0$0$1,237,961
96$3,229,259$0$0$1,312,745
97$3,422,744$0$0$1,393,534
98$3,631,684$0$0$1,480,892
99$3,857,520$0$0$1,575,433
100$4,101,836$0$0$1,677,838