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%14%
1 years$42,693$42,313$41,942$41,580$41,226$40,543
2 years$21,135$20,742$20,360$19,990$19,632$18,945
3 years$13,950$13,555$13,174$12,808$12,455$11,787
4 years$10,358$9,964$9,588$9,227$8,883$8,239
5 years$8,204$7,812$7,440$7,088$6,753$6,134
6 years$6,768$6,379$6,013$5,668$5,343$4,750
7 years$5,743$5,357$4,997$4,660$4,345$3,778
8 years$4,974$4,592$4,238$3,909$3,605$3,064
9 years$4,377$3,998$3,650$3,330$3,036$2,521
10 years$3,899$3,524$3,182$2,870$2,587$2,097
11 years$3,508$3,137$2,801$2,498$2,225$1,759
12 years$3,183$2,816$2,486$2,191$1,928$1,487
13 years$2,908$2,545$2,221$1,934$1,681$1,263
14 years$2,673$2,313$1,996$1,717$1,474$1,079
15 years$2,469$2,113$1,802$1,531$1,298$925
16 years$2,291$1,939$1,634$1,371$1,147$795
17 years$2,133$1,786$1,487$1,232$1,017$686
18 years$1,994$1,650$1,357$1,110$904$593
19 years$1,869$1,529$1,242$1,003$806$513
20 years$1,757$1,421$1,140$909$720$445
21 years$1,656$1,324$1,049$825$644$387
22 years$1,564$1,235$967$750$577$337
23 years$1,480$1,156$892$683$518$293
24 years$1,403$1,083$825$623$466$256
25 years$1,333$1,016$764$569$419$223
26 years$1,268$955$709$520$378$195
27 years$1,208$899$658$476$340$170
28 years$1,152$847$612$436$307$149
29 years$1,101$799$570$400$277$130
30 years$1,052$754$531$367$251$114
31 years$1,007$713$495$337$227$99
32 years$965$675$461$310$205$87
33 years$926$639$431$285$185$76
34 years$889$606$403$262$168$67
35 years$854$574$376$241$152$58
36 years$821$545$352$222$138$51
37 years$790$518$330$205$125$45
38 years$761$492$309$189$113$39
39 years$733$468$289$174$103$34
40 years$707$445$271$161$93$30
41 years$682$424$254$148$85$26
42 years$658$404$238$137$77$23
43 years$636$385$224$126$70$20
44 years$614$367$210$116$63$18
45 years$594$350$197$108$57$16
46 years$574$334$185$99$52$14
47 years$556$318$174$92$47$12
48 years$538$304$163$85$43$11
49 years$521$290$154$78$39$9
50 years$505$277$144$72$35$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $517,000, adding $5,412 every year, while hoping to spend $24,830 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: 69/23/8 Blend
54$517,000$517,000$517,000$517,000
55$575,316$547,915$539,902$613,823
56$607,580$548,344$531,570$640,469
57$642,302$547,962$522,126$666,068
58$679,707$546,703$511,508$693,401
59$720,042$544,496$499,648$722,632
60$763,578$541,268$486,478$753,946
61$810,613$536,940$471,925$787,542
62$861,473$531,428$455,912$823,643
63$916,519$524,643$438,361$862,495
64$976,145$516,492$419,187$904,369
65$1,040,787$506,875$398,305$949,564
66$1,110,922$495,687$375,623$998,411
67$1,187,075$482,815$351,046$1,051,275
68$1,269,827$468,142$324,475$1,108,559
69$1,359,811$451,543$295,807$1,170,708
70$1,457,728$432,885$264,933$1,238,213
71$1,564,348$412,029$231,740$1,311,617
72$1,680,518$388,825$196,110$1,391,518
73$1,807,171$363,117$157,920$1,478,577
74$1,945,332$334,740$117,040$1,573,525
75$2,096,132$303,517$73,336$1,677,166
76$2,260,812$269,265$26,668$1,790,390
77$2,440,743$231,787$0$1,914,178
78$2,637,430$190,876$0$2,051,588
79$2,852,534$146,314$0$2,204,400
80$3,087,879$97,871$0$2,371,666
81$3,345,478$45,301$0$2,554,859
82$3,627,545$0$0$2,755,599
83$3,936,518$0$0$2,978,625
84$4,275,085$0$0$3,235,603
85$4,646,202$0$0$3,517,318
86$5,053,127$0$0$3,826,246
87$5,499,449$0$0$4,165,114
88$5,989,119$0$0$4,536,928
89$6,526,490$0$0$4,944,996
90$7,116,357$0$0$5,392,964
91$7,764,002$0$0$5,884,848
92$8,475,242$0$0$6,425,070
93$9,256,488$0$0$7,018,505
94$10,114,798$0$0$7,670,519
95$11,057,952$0$0$8,387,026
96$12,094,518$0$0$9,174,542
97$13,233,937$0$0$10,040,243
98$14,486,608$0$0$10,992,038
99$15,863,990$0$0$12,038,639
100$17,378,708$0$0$13,189,643