Can I retire at age 55 with 509,000?

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 $509,000?

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$42,033$41,658$41,293$40,937$40,588$40,215
2 years$20,808$20,421$20,045$19,681$19,328$18,951
3 years$13,734$13,345$12,971$12,610$12,262$11,895
4 years$10,198$9,810$9,439$9,085$8,746$8,390
5 years$8,077$7,691$7,325$6,978$6,648$6,305
6 years$6,663$6,280$5,920$5,580$5,261$4,931
7 years$5,654$5,274$4,919$4,588$4,278$3,962
8 years$4,897$4,521$4,172$3,849$3,549$3,246
9 years$4,309$3,936$3,593$3,278$2,989$2,699
10 years$3,839$3,470$3,133$2,826$2,547$2,270
11 years$3,454$3,089$2,758$2,459$2,190$1,926
12 years$3,134$2,772$2,448$2,157$1,898$1,646
13 years$2,863$2,505$2,187$1,904$1,655$1,416
14 years$2,631$2,277$1,965$1,691$1,451$1,223
15 years$2,431$2,080$1,774$1,508$1,277$1,061
16 years$2,255$1,909$1,608$1,350$1,129$924
17 years$2,100$1,758$1,464$1,213$1,001$807
18 years$1,963$1,624$1,336$1,093$890$707
19 years$1,840$1,505$1,223$988$793$620
20 years$1,730$1,399$1,123$895$709$545
21 years$1,630$1,303$1,033$812$634$480
22 years$1,540$1,216$952$738$568$424
23 years$1,457$1,138$879$672$510$374
24 years$1,382$1,066$813$613$459$331
25 years$1,312$1,000$753$560$413$292
26 years$1,248$940$698$512$372$259
27 years$1,189$885$648$469$335$230
28 years$1,134$834$603$429$302$204
29 years$1,084$787$561$394$273$181
30 years$1,036$743$522$361$247$160
31 years$992$702$487$332$223$142
32 years$950$664$454$305$202$126
33 years$912$629$424$280$183$112
34 years$875$596$396$258$165$100
35 years$841$566$371$238$150$89
36 years$808$537$347$219$136$79
37 years$778$510$324$202$123$70
38 years$749$485$304$186$111$63
39 years$722$461$285$171$101$56
40 years$696$438$267$158$92$50
41 years$671$417$250$146$83$44
42 years$648$397$235$135$75$39
43 years$626$379$220$124$69$35
44 years$605$361$207$115$62$31
45 years$585$344$194$106$56$28
46 years$565$328$182$98$51$25
47 years$547$313$171$90$47$22
48 years$530$299$161$84$42$20
49 years$513$286$151$77$38$17
50 years$497$273$142$71$35$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $509,000, adding $5,215 every year, while hoping to spend $38,411 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: 67/20/13 Blend
54$509,000$509,000$509,000$509,000
55$566,297$539,320$531,431$602,226
56$583,191$524,878$508,365$612,385
57$600,520$508,441$483,239$618,462
58$618,288$489,870$455,943$624,127
59$636,500$469,019$426,363$629,338
60$655,156$445,734$394,379$634,046
61$674,257$419,851$359,866$638,203
62$693,804$391,196$322,694$641,753
63$713,793$359,586$282,726$644,638
64$734,222$324,828$239,819$646,797
65$755,085$286,717$193,826$648,161
66$776,374$245,036$144,589$648,661
67$798,079$199,558$91,948$648,217
68$820,188$150,040$35,732$646,748
69$842,683$96,229$0$644,165
70$865,546$37,853$0$643,737
71$888,754$0$0$647,505
72$912,279$0$0$656,008
73$936,090$0$0$673,035
74$960,147$0$0$690,227
75$984,409$0$0$707,551
76$1,008,825$0$0$724,971
77$1,033,338$0$0$742,444
78$1,057,881$0$0$759,919
79$1,082,381$0$0$777,342
80$1,106,753$0$0$794,649
81$1,130,900$0$0$811,769
82$1,154,716$0$0$828,621
83$1,178,077$0$0$845,115
84$1,200,847$0$0$861,149
85$1,222,871$0$0$876,608
86$1,243,977$0$0$891,363
87$1,263,972$0$0$905,272
88$1,282,640$0$0$918,174
89$1,299,738$0$0$929,890
90$1,314,998$0$0$940,219
91$1,328,119$0$0$948,940
92$1,338,766$0$0$955,804
93$1,346,568$0$0$960,535
94$1,351,109$0$0$962,828
95$1,351,931$0$0$962,339
96$1,348,521$0$0$958,693
97$1,340,312$0$0$951,467
98$1,326,674$0$0$940,196
99$1,306,910$0$0$924,364
100$1,280,244$0$0$903,397