Can I retire at age 55 with 516,000?

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 $516,000?

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$42,611$42,231$41,861$41,499$41,147$40,768
2 years$21,094$20,702$20,321$19,952$19,594$19,212
3 years$13,923$13,529$13,149$12,783$12,431$12,058
4 years$10,338$9,945$9,569$9,210$8,866$8,505
5 years$8,188$7,797$7,426$7,074$6,740$6,392
6 years$6,755$6,367$6,001$5,657$5,333$4,998
7 years$5,732$5,347$4,987$4,651$4,337$4,016
8 years$4,965$4,583$4,229$3,902$3,598$3,290
9 years$4,368$3,991$3,643$3,323$3,030$2,736
10 years$3,891$3,517$3,176$2,865$2,582$2,301
11 years$3,502$3,131$2,796$2,493$2,220$1,952
12 years$3,177$2,811$2,481$2,187$1,924$1,669
13 years$2,903$2,540$2,217$1,931$1,678$1,435
14 years$2,668$2,309$1,992$1,714$1,471$1,240
15 years$2,464$2,109$1,798$1,528$1,295$1,076
16 years$2,286$1,935$1,631$1,369$1,145$937
17 years$2,129$1,782$1,484$1,230$1,015$818
18 years$1,990$1,647$1,354$1,108$902$717
19 years$1,866$1,526$1,240$1,001$804$629
20 years$1,754$1,418$1,138$907$718$553
21 years$1,653$1,321$1,047$823$643$487
22 years$1,561$1,233$965$748$576$429
23 years$1,477$1,153$891$682$517$379
24 years$1,401$1,081$824$622$465$335
25 years$1,330$1,014$763$568$418$296
26 years$1,266$953$708$519$377$263
27 years$1,206$897$657$475$340$233
28 years$1,150$845$611$435$307$206
29 years$1,098$797$568$399$277$183
30 years$1,050$753$529$366$250$163
31 years$1,005$712$494$336$226$144
32 years$963$674$461$309$205$128
33 years$924$638$430$284$185$114
34 years$887$605$402$262$168$101
35 years$852$573$376$241$152$90
36 years$820$544$351$222$138$80
37 years$789$517$329$204$125$71
38 years$759$491$308$188$113$63
39 years$732$467$289$174$102$56
40 years$705$444$270$160$93$50
41 years$681$423$254$148$84$45
42 years$657$403$238$136$77$40
43 years$634$384$223$126$69$35
44 years$613$366$210$116$63$32
45 years$593$349$197$107$57$28
46 years$573$333$185$99$52$25
47 years$555$318$174$92$47$22
48 years$537$303$163$85$43$20
49 years$520$290$153$78$39$18
50 years$504$277$144$72$35$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $516,000, adding $6,511 every year, while hoping to spend $41,863 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: 50/20/30 Blend
54$516,000$516,000$516,000$516,000
55$575,348$548,000$540,002$598,939
56$589,492$530,310$513,550$598,451
57$603,675$510,350$484,809$593,267
58$617,857$487,965$453,658$586,829
59$631,994$462,991$419,971$579,039
60$646,032$435,252$383,615$569,792
61$659,914$404,566$344,452$558,973
62$673,574$370,738$302,340$546,462
63$686,936$333,562$257,126$532,126
64$699,919$292,822$208,655$515,827
65$712,427$248,287$156,762$497,414
66$724,357$199,715$101,275$476,724
67$735,590$146,849$42,016$453,585
68$745,995$89,420$0$427,809
69$755,426$27,141$0$405,989
70$763,719$0$0$395,909
71$770,692$0$0$392,805
72$776,142$0$0$394,805
73$779,844$0$0$395,810
74$781,545$0$0$395,680
75$780,969$0$0$394,262
76$777,804$0$0$391,382
77$771,708$0$0$386,852
78$762,298$0$0$380,459
79$749,153$0$0$371,970
80$731,804$0$0$361,125
81$709,732$0$0$347,637
82$682,362$0$0$331,188
83$649,057$0$0$311,426
84$609,114$0$0$287,962
85$561,754$0$0$260,365
86$506,113$0$0$228,158
87$441,239$0$0$190,816
88$366,079$0$0$147,755
89$279,467$0$0$98,332
90$180,116$0$0$41,837
91$66,604$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$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