Can I retire at age 55 with 517,000?

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 $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%13%
1 years$42,693$42,313$41,942$41,580$41,226$40,711
2 years$21,135$20,742$20,360$19,990$19,632$19,113
3 years$13,950$13,555$13,174$12,808$12,455$11,950
4 years$10,358$9,964$9,588$9,227$8,883$8,394
5 years$8,204$7,812$7,440$7,088$6,753$6,282
6 years$6,768$6,379$6,013$5,668$5,343$4,892
7 years$5,743$5,357$4,997$4,660$4,345$3,913
8 years$4,974$4,592$4,238$3,909$3,605$3,191
9 years$4,377$3,998$3,650$3,330$3,036$2,641
10 years$3,899$3,524$3,182$2,870$2,587$2,210
11 years$3,508$3,137$2,801$2,498$2,225$1,866
12 years$3,183$2,816$2,486$2,191$1,928$1,587
13 years$2,908$2,545$2,221$1,934$1,681$1,358
14 years$2,673$2,313$1,996$1,717$1,474$1,167
15 years$2,469$2,113$1,802$1,531$1,298$1,007
16 years$2,291$1,939$1,634$1,371$1,147$872
17 years$2,133$1,786$1,487$1,232$1,017$758
18 years$1,994$1,650$1,357$1,110$904$660
19 years$1,869$1,529$1,242$1,003$806$575
20 years$1,757$1,421$1,140$909$720$503
21 years$1,656$1,324$1,049$825$644$440
22 years$1,564$1,235$967$750$577$386
23 years$1,480$1,156$892$683$518$339
24 years$1,403$1,083$825$623$466$298
25 years$1,333$1,016$764$569$419$262
26 years$1,268$955$709$520$378$230
27 years$1,208$899$658$476$340$203
28 years$1,152$847$612$436$307$179
29 years$1,101$799$570$400$277$157
30 years$1,052$754$531$367$251$139
31 years$1,007$713$495$337$227$123
32 years$965$675$461$310$205$108
33 years$926$639$431$285$185$95
34 years$889$606$403$262$168$84
35 years$854$574$376$241$152$74
36 years$821$545$352$222$138$66
37 years$790$518$330$205$125$58
38 years$761$492$309$189$113$51
39 years$733$468$289$174$103$45
40 years$707$445$271$161$93$40
41 years$682$424$254$148$85$36
42 years$658$404$238$137$77$31
43 years$636$385$224$126$70$28
44 years$614$367$210$116$63$25
45 years$594$350$197$108$57$22
46 years$574$334$185$99$52$19
47 years$556$318$174$92$47$17
48 years$538$304$163$85$43$15
49 years$521$290$154$78$39$13
50 years$505$277$144$72$35$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $517,000, adding $5,559 every year, while hoping to spend $30,322 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: 70/24/6 Blend
54$517,000$517,000$517,000$517,000
55$575,468$548,067$540,054$614,898
56$601,903$542,660$525,883$636,286
57$630,019$535,972$510,221$655,406
58$659,954$527,907$492,987$675,488
59$691,861$518,367$474,094$696,620
60$725,907$507,243$453,452$718,898
61$762,276$494,424$430,969$742,429
62$801,167$479,790$406,546$767,332
63$842,801$463,215$380,080$793,739
64$887,420$444,565$351,465$821,795
65$935,286$423,698$320,589$851,662
66$986,692$400,466$287,335$883,520
67$1,041,955$374,709$251,582$917,567
68$1,101,426$346,261$213,201$954,022
69$1,165,488$314,945$172,060$993,130
70$1,234,564$280,573$128,020$1,035,160
71$1,309,116$242,948$80,936$1,080,411
72$1,389,655$201,862$30,656$1,129,215
73$1,476,739$157,092$0$1,181,937
74$1,570,984$108,408$0$1,240,456
75$1,673,066$55,561$0$1,305,939
76$1,783,729$0$0$1,376,928
77$1,903,789$0$0$1,454,437
78$2,034,147$0$0$1,554,549
79$2,175,790$0$0$1,663,353
80$2,329,807$0$0$1,781,688
81$2,497,394$0$0$1,910,475
82$2,679,868$0$0$2,050,732
83$2,878,679$0$0$2,203,574
84$3,095,420$0$0$2,370,232
85$3,331,848$0$0$2,552,058
86$3,589,892$0$0$2,750,543
87$3,871,681$0$0$2,967,325
88$4,179,554$0$0$3,204,211
89$4,516,088$0$0$3,463,186
90$4,884,120$0$0$3,746,440
91$5,286,775$0$0$4,056,381
92$5,727,491$0$0$4,395,662
93$6,210,057$0$0$4,767,204
94$6,738,643$0$0$5,174,223
95$7,317,842$0$0$5,620,262
96$7,952,713$0$0$6,109,223
97$8,648,827$0$0$6,645,402
98$9,412,320$0$0$7,233,532
99$10,249,951$0$0$7,878,825
100$11,169,163$0$0$8,587,025