Can I retire at age 55 with 509,000?

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 $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%14%
1 years$42,033$41,658$41,293$40,937$40,588$39,916
2 years$20,808$20,421$20,045$19,681$19,328$18,652
3 years$13,734$13,345$12,971$12,610$12,262$11,605
4 years$10,198$9,810$9,439$9,085$8,746$8,111
5 years$8,077$7,691$7,325$6,978$6,648$6,039
6 years$6,663$6,280$5,920$5,580$5,261$4,676
7 years$5,654$5,274$4,919$4,588$4,278$3,720
8 years$4,897$4,521$4,172$3,849$3,549$3,016
9 years$4,309$3,936$3,593$3,278$2,989$2,482
10 years$3,839$3,470$3,133$2,826$2,547$2,064
11 years$3,454$3,089$2,758$2,459$2,190$1,732
12 years$3,134$2,772$2,448$2,157$1,898$1,464
13 years$2,863$2,505$2,187$1,904$1,655$1,244
14 years$2,631$2,277$1,965$1,691$1,451$1,062
15 years$2,431$2,080$1,774$1,508$1,277$910
16 years$2,255$1,909$1,608$1,350$1,129$783
17 years$2,100$1,758$1,464$1,213$1,001$675
18 years$1,963$1,624$1,336$1,093$890$584
19 years$1,840$1,505$1,223$988$793$505
20 years$1,730$1,399$1,123$895$709$439
21 years$1,630$1,303$1,033$812$634$381
22 years$1,540$1,216$952$738$568$331
23 years$1,457$1,138$879$672$510$289
24 years$1,382$1,066$813$613$459$252
25 years$1,312$1,000$753$560$413$219
26 years$1,248$940$698$512$372$192
27 years$1,189$885$648$469$335$167
28 years$1,134$834$603$429$302$146
29 years$1,084$787$561$394$273$128
30 years$1,036$743$522$361$247$112
31 years$992$702$487$332$223$98
32 years$950$664$454$305$202$86
33 years$912$629$424$280$183$75
34 years$875$596$396$258$165$66
35 years$841$566$371$238$150$58
36 years$808$537$347$219$136$50
37 years$778$510$324$202$123$44
38 years$749$485$304$186$111$39
39 years$722$461$285$171$101$34
40 years$696$438$267$158$92$30
41 years$671$417$250$146$83$26
42 years$648$397$235$135$75$23
43 years$626$379$220$124$69$20
44 years$605$361$207$115$62$18
45 years$585$344$194$106$56$15
46 years$565$328$182$98$51$14
47 years$547$313$171$90$47$12
48 years$530$299$161$84$42$10
49 years$513$286$151$77$38$9
50 years$497$273$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 $509,000, adding $4,064 every year, while hoping to spend $40,283 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: 58/17/25 Blend
54$509,000$509,000$509,000$509,000
55$565,110$538,133$530,244$593,845
56$579,890$521,641$505,146$597,436
57$594,828$502,990$477,857$596,709
58$609,897$482,033$448,262$595,062
59$625,067$458,613$416,239$592,416
60$640,302$432,563$381,661$588,687
61$655,562$403,708$344,396$583,783
62$670,803$371,863$304,307$577,607
63$685,971$336,831$261,248$570,053
64$701,010$298,405$215,069$561,008
65$715,852$256,366$165,613$550,351
66$730,423$210,483$112,715$537,950
67$744,640$160,510$56,205$523,663
68$758,407$106,189$0$507,339
69$771,620$47,247$0$489,907
70$784,160$0$0$486,167
71$795,895$0$0$484,077
72$806,677$0$0$490,193
73$816,342$0$0$495,570
74$824,704$0$0$500,089
75$831,560$0$0$503,620
76$836,682$0$0$506,015
77$839,815$0$0$507,112
78$840,679$0$0$506,730
79$838,959$0$0$504,667
80$834,309$0$0$500,701
81$826,343$0$0$494,583
82$814,632$0$0$486,041
83$798,703$0$0$474,768
84$778,030$0$0$460,429
85$752,031$0$0$442,651
86$720,062$0$0$421,020
87$681,408$0$0$395,078
88$635,280$0$0$364,321
89$580,805$0$0$328,188
90$517,016$0$0$286,061
91$442,845$0$0$237,256
92$357,112$0$0$181,016
93$258,510$0$0$116,506
94$145,597$0$0$42,802
95$16,779$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0