Can I retire at age 55 with 515,000?

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 $515,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$42,528$42,149$41,780$41,419$41,067$40,825
2 years$21,054$20,661$20,281$19,913$19,556$19,312
3 years$13,896$13,502$13,123$12,758$12,407$12,168
4 years$10,318$9,926$9,551$9,192$8,849$8,618
5 years$8,172$7,782$7,412$7,060$6,727$6,503
6 years$6,742$6,355$5,990$5,646$5,323$5,107
7 years$5,721$5,337$4,977$4,642$4,329$4,122
8 years$4,955$4,574$4,221$3,894$3,591$3,393
9 years$4,360$3,983$3,636$3,317$3,024$2,834
10 years$3,884$3,511$3,170$2,859$2,577$2,395
11 years$3,495$3,125$2,791$2,488$2,216$2,042
12 years$3,171$2,805$2,477$2,183$1,920$1,754
13 years$2,897$2,535$2,213$1,927$1,675$1,516
14 years$2,662$2,304$1,988$1,710$1,468$1,317
15 years$2,459$2,105$1,795$1,525$1,293$1,149
16 years$2,282$1,931$1,627$1,366$1,142$1,006
17 years$2,125$1,779$1,481$1,227$1,013$884
18 years$1,986$1,644$1,352$1,106$901$778
19 years$1,862$1,523$1,238$999$803$687
20 years$1,750$1,415$1,136$905$717$607
21 years$1,649$1,318$1,045$821$642$538
22 years$1,558$1,231$963$747$575$477
23 years$1,474$1,151$889$680$516$424
24 years$1,398$1,078$822$620$464$377
25 years$1,328$1,012$762$567$418$336
26 years$1,263$951$706$518$376$299
27 years$1,203$895$656$474$339$267
28 years$1,148$844$610$434$306$238
29 years$1,096$796$567$398$276$213
30 years$1,048$752$528$366$250$190
31 years$1,004$710$493$336$226$170
32 years$962$672$460$309$204$152
33 years$922$637$429$284$185$136
34 years$885$603$401$261$167$122
35 years$851$572$375$240$152$109
36 years$818$543$351$221$137$97
37 years$787$516$328$204$124$87
38 years$758$490$307$188$113$78
39 years$730$466$288$173$102$70
40 years$704$444$270$160$93$63
41 years$679$422$253$148$84$56
42 years$656$402$237$136$76$51
43 years$633$383$223$126$69$45
44 years$612$365$209$116$63$41
45 years$592$348$196$107$57$36
46 years$572$332$184$99$52$33
47 years$554$317$173$91$47$29
48 years$536$303$163$85$43$26
49 years$519$289$153$78$39$24
50 years$503$276$144$72$35$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $515,000, adding $4,073 every year, while hoping to spend $28,804 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: 74/5/21 Blend
54$515,000$515,000$515,000$515,000
55$571,731$544,436$536,454$610,863
56$599,401$540,466$523,778$633,429
57$628,927$535,337$509,712$654,267
58$660,469$528,960$494,179$676,368
59$694,201$521,243$477,098$699,851
60$730,315$512,089$458,386$724,850
61$769,019$501,393$437,954$751,510
62$810,543$489,046$415,710$779,993
63$855,141$474,931$391,558$810,477
64$903,087$458,925$365,397$843,162
65$954,687$440,898$337,123$878,264
66$1,010,275$420,711$306,626$916,024
67$1,070,215$398,218$273,790$956,710
68$1,134,912$373,266$238,497$1,000,616
69$1,204,807$345,689$200,621$1,048,066
70$1,280,386$315,317$160,031$1,099,420
71$1,362,184$281,967$116,591$1,155,074
72$1,450,789$245,445$70,158$1,215,466
73$1,546,845$205,548$20,584$1,281,081
74$1,651,064$162,060$0$1,352,453
75$1,764,225$114,754$0$1,437,413
76$1,887,189$63,390$0$1,534,764
77$2,020,901$7,714$0$1,640,645
78$2,166,399$0$0$1,755,891
79$2,324,828$0$0$1,884,310
80$2,497,446$0$0$2,024,713
81$2,685,640$0$0$2,177,806
82$2,890,933$0$0$2,344,832
83$3,115,003$0$0$2,527,158
84$3,359,699$0$0$2,726,291
85$3,627,053$0$0$2,943,888
86$3,919,304$0$0$3,181,775
87$4,238,917$0$0$3,441,961
88$4,588,605$0$0$3,726,659
89$4,971,357$0$0$4,038,305
90$5,390,463$0$0$4,379,582
91$5,849,547$0$0$4,753,445
92$6,352,599$0$0$5,163,146
93$6,904,014$0$0$5,612,270
94$7,508,633$0$0$6,104,763
95$8,171,784$0$0$6,644,971
96$8,899,342$0$0$7,237,683
97$9,697,772$0$0$7,888,171
98$10,574,200$0$0$8,602,245
99$11,536,471$0$0$9,386,302
100$12,593,231$0$0$10,247,393