Can I retire at age 55 with 517,000?

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 $517,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$42,693$42,313$41,942$41,580$41,226$40,830
2 years$21,135$20,742$20,360$19,990$19,632$19,232
3 years$13,950$13,555$13,174$12,808$12,455$12,065
4 years$10,358$9,964$9,588$9,227$8,883$8,506
5 years$8,204$7,812$7,440$7,088$6,753$6,389
6 years$6,768$6,379$6,013$5,668$5,343$4,993
7 years$5,743$5,357$4,997$4,660$4,345$4,010
8 years$4,974$4,592$4,238$3,909$3,605$3,283
9 years$4,377$3,998$3,650$3,330$3,036$2,728
10 years$3,899$3,524$3,182$2,870$2,587$2,293
11 years$3,508$3,137$2,801$2,498$2,225$1,945
12 years$3,183$2,816$2,486$2,191$1,928$1,661
13 years$2,908$2,545$2,221$1,934$1,681$1,428
14 years$2,673$2,313$1,996$1,717$1,474$1,233
15 years$2,469$2,113$1,802$1,531$1,298$1,069
16 years$2,291$1,939$1,634$1,371$1,147$930
17 years$2,133$1,786$1,487$1,232$1,017$812
18 years$1,994$1,650$1,357$1,110$904$710
19 years$1,869$1,529$1,242$1,003$806$623
20 years$1,757$1,421$1,140$909$720$547
21 years$1,656$1,324$1,049$825$644$482
22 years$1,564$1,235$967$750$577$424
23 years$1,480$1,156$892$683$518$374
24 years$1,403$1,083$825$623$466$331
25 years$1,333$1,016$764$569$419$292
26 years$1,268$955$709$520$378$259
27 years$1,208$899$658$476$340$229
28 years$1,152$847$612$436$307$203
29 years$1,101$799$570$400$277$180
30 years$1,052$754$531$367$251$160
31 years$1,007$713$495$337$227$142
32 years$965$675$461$310$205$126
33 years$926$639$431$285$185$112
34 years$889$606$403$262$168$99
35 years$854$574$376$241$152$88
36 years$821$545$352$222$138$78
37 years$790$518$330$205$125$70
38 years$761$492$309$189$113$62
39 years$733$468$289$174$103$55
40 years$707$445$271$161$93$49
41 years$682$424$254$148$85$44
42 years$658$404$238$137$77$39
43 years$636$385$224$126$70$34
44 years$614$367$210$116$63$31
45 years$594$350$197$108$57$27
46 years$574$334$185$99$52$24
47 years$556$318$174$92$47$22
48 years$538$304$163$85$43$19
49 years$521$290$154$78$39$17
50 years$505$277$144$72$35$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $517,000, adding $5,338 every year, while hoping to spend $37,218 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: 59/30/11 Blend
54$517,000$517,000$517,000$517,000
55$575,240$547,839$539,826$607,352
56$594,315$535,084$518,310$616,838
57$614,088$520,456$494,826$622,519
58$634,591$503,824$469,269$627,811
59$655,859$485,051$441,529$632,681
60$677,926$463,988$411,490$637,094
61$700,833$440,482$379,033$641,010
62$724,619$414,366$344,032$644,392
63$749,329$385,469$306,356$647,199
64$775,009$353,606$265,868$649,388
65$801,710$318,583$222,424$650,913
66$829,486$280,195$175,877$651,729
67$858,394$238,225$126,069$651,788
68$888,496$192,443$72,838$651,039
69$919,858$142,609$16,014$649,429
70$952,553$88,466$0$646,906
71$986,657$29,744$0$648,650
72$1,022,253$0$0$651,714
73$1,059,431$0$0$665,351
74$1,098,288$0$0$689,876
75$1,138,929$0$0$715,537
76$1,181,466$0$0$742,407
77$1,226,022$0$0$770,565
78$1,272,731$0$0$800,097
79$1,321,736$0$0$831,096
80$1,373,194$0$0$863,662
81$1,427,274$0$0$897,906
82$1,484,163$0$0$933,946
83$1,544,060$0$0$971,913
84$1,607,185$0$0$1,011,948
85$1,673,777$0$0$1,054,204
86$1,744,094$0$0$1,098,850
87$1,818,420$0$0$1,146,069
88$1,897,066$0$0$1,196,062
89$1,980,368$0$0$1,249,046
90$2,068,696$0$0$1,305,261
91$2,162,452$0$0$1,364,967
92$2,262,078$0$0$1,428,450
93$2,368,057$0$0$1,496,022
94$2,480,915$0$0$1,568,025
95$2,601,232$0$0$1,644,835
96$2,729,639$0$0$1,726,860
97$2,866,832$0$0$1,814,551
98$3,013,569$0$0$1,908,400
99$3,170,684$0$0$2,008,948
100$3,339,091$0$0$2,116,788