Can I retire at age 55 with 514,000?

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 $514,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$42,446$42,068$41,699$41,339$40,987$39,899
2 years$21,013$20,621$20,242$19,874$19,518$18,429
3 years$13,869$13,476$13,098$12,734$12,383$11,328
4 years$10,298$9,906$9,532$9,174$8,832$7,818
5 years$8,156$7,767$7,397$7,046$6,714$5,745
6 years$6,729$6,342$5,978$5,635$5,312$4,389
7 years$5,709$5,326$4,968$4,633$4,320$3,442
8 years$4,945$4,566$4,213$3,886$3,584$2,751
9 years$4,351$3,975$3,629$3,310$3,018$2,229
10 years$3,876$3,504$3,164$2,854$2,572$1,826
11 years$3,488$3,119$2,785$2,483$2,212$1,508
12 years$3,165$2,800$2,472$2,178$1,917$1,254
13 years$2,891$2,530$2,208$1,923$1,671$1,048
14 years$2,657$2,300$1,984$1,707$1,465$880
15 years$2,454$2,101$1,791$1,522$1,290$741
16 years$2,277$1,928$1,624$1,363$1,140$626
17 years$2,121$1,775$1,478$1,225$1,011$530
18 years$1,982$1,640$1,349$1,104$899$450
19 years$1,858$1,520$1,235$997$801$383
20 years$1,747$1,413$1,134$903$716$326
21 years$1,646$1,316$1,043$820$640$278
22 years$1,555$1,228$961$745$574$237
23 years$1,472$1,149$887$679$515$202
24 years$1,395$1,076$821$619$463$173
25 years$1,325$1,010$760$565$417$148
26 years$1,261$949$705$517$375$127
27 years$1,201$893$655$473$338$108
28 years$1,146$842$608$434$305$93
29 years$1,094$794$566$398$276$79
30 years$1,046$750$527$365$249$68
31 years$1,002$709$492$335$225$58
32 years$960$671$459$308$204$50
33 years$920$635$428$283$184$43
34 years$884$602$400$261$167$37
35 years$849$571$374$240$151$32
36 years$816$542$350$221$137$27
37 years$786$515$328$204$124$23
38 years$756$489$307$188$113$20
39 years$729$465$287$173$102$17
40 years$703$443$269$160$93$15
41 years$678$421$253$147$84$13
42 years$654$401$237$136$76$11
43 years$632$382$222$125$69$9
44 years$611$364$209$116$63$8
45 years$590$348$196$107$57$7
46 years$571$332$184$99$52$6
47 years$553$316$173$91$47$5
48 years$535$302$163$84$43$4
49 years$518$288$153$78$39$4
50 years$502$276$144$72$35$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $514,000, adding $4,959 every year, while hoping to spend $33,360 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: 69/12/19 Blend
54$514,000$514,000$514,000$514,000
55$571,543$544,301$536,334$608,001
56$594,346$535,477$518,807$624,143
57$618,356$525,103$499,574$637,410
58$643,662$513,067$478,543$651,102
59$670,360$499,251$455,619$665,260
60$698,554$483,531$430,699$679,928
61$728,358$465,776$403,679$695,154
62$759,896$445,844$374,448$710,994
63$793,304$423,590$342,891$727,510
64$828,731$398,855$308,887$744,772
65$866,338$371,476$272,312$762,857
66$906,304$341,277$233,033$781,854
67$948,821$308,074$190,914$801,859
68$994,102$271,671$145,811$822,980
69$1,042,380$231,862$97,574$845,341
70$1,093,908$188,429$46,049$869,075
71$1,148,967$141,142$0$894,335
72$1,207,861$89,757$0$923,101
73$1,270,926$34,019$0$963,829
74$1,338,529$0$0$1,007,419
75$1,411,073$0$0$1,057,620
76$1,489,002$0$0$1,116,392
77$1,572,801$0$0$1,179,613
78$1,663,002$0$0$1,247,686
79$1,760,192$0$0$1,321,057
80$1,865,013$0$0$1,400,215
81$1,978,173$0$0$1,485,695
82$2,100,447$0$0$1,578,088
83$2,232,689$0$0$1,678,042
84$2,375,836$0$0$1,786,269
85$2,530,920$0$0$1,903,554
86$2,699,074$0$0$2,030,756
87$2,881,545$0$0$2,168,824
88$3,079,703$0$0$2,318,799
89$3,295,057$0$0$2,481,827
90$3,529,266$0$0$2,659,169
91$3,784,155$0$0$2,852,213
92$4,061,732$0$0$3,062,483
93$4,364,207$0$0$3,291,661
94$4,694,012$0$0$3,541,594
95$5,053,824$0$0$3,814,317
96$5,446,589$0$0$4,112,070
97$5,875,549$0$0$4,437,317
98$6,344,277$0$0$4,792,772
99$6,856,701$0$0$5,181,424
100$7,417,150$0$0$5,606,561