Can I retire at age 55 with 519,000?

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 $519,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$42,859$42,477$42,104$41,741$41,386$40,501
2 years$21,217$20,822$20,439$20,068$19,708$18,820
3 years$14,004$13,607$13,225$12,858$12,503$11,641
4 years$10,398$10,003$9,625$9,263$8,917$8,087
5 years$8,236$7,842$7,469$7,115$6,779$5,983
6 years$6,794$6,404$6,036$5,690$5,364$4,603
7 years$5,765$5,378$5,016$4,678$4,362$3,637
8 years$4,993$4,610$4,254$3,924$3,619$2,929
9 years$4,394$4,014$3,664$3,343$3,048$2,392
10 years$3,914$3,538$3,194$2,881$2,597$1,975
11 years$3,522$3,150$2,812$2,508$2,233$1,645
12 years$3,196$2,827$2,496$2,200$1,935$1,379
13 years$2,919$2,555$2,230$1,942$1,688$1,163
14 years$2,683$2,322$2,004$1,724$1,479$985
15 years$2,478$2,121$1,809$1,537$1,303$837
16 years$2,299$1,946$1,640$1,376$1,151$714
17 years$2,142$1,792$1,492$1,237$1,021$610
18 years$2,002$1,656$1,362$1,115$908$523
19 years$1,876$1,535$1,247$1,007$809$449
20 years$1,764$1,426$1,145$912$723$386
21 years$1,662$1,329$1,053$828$647$332
22 years$1,570$1,240$970$753$580$286
23 years$1,486$1,160$896$685$520$247
24 years$1,409$1,087$829$625$468$213
25 years$1,338$1,020$767$571$421$184
26 years$1,273$959$712$522$379$159
27 years$1,213$902$661$478$342$138
28 years$1,157$850$614$438$308$119
29 years$1,105$802$572$401$278$103
30 years$1,056$757$533$368$252$90
31 years$1,011$716$497$338$227$78
32 years$969$677$463$311$206$67
33 years$929$642$433$286$186$58
34 years$892$608$404$263$169$51
35 years$857$577$378$242$153$44
36 years$824$547$353$223$138$38
37 years$793$520$331$206$125$33
38 years$764$494$310$189$114$29
39 years$736$470$290$175$103$25
40 years$710$447$272$161$94$22
41 years$685$426$255$149$85$19
42 years$661$405$239$137$77$16
43 years$638$386$225$127$70$14
44 years$617$368$211$117$63$12
45 years$596$351$198$108$58$11
46 years$577$335$186$100$52$9
47 years$558$320$175$92$47$8
48 years$540$305$164$85$43$7
49 years$523$291$154$79$39$6
50 years$507$278$145$73$36$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $519,000, adding $4,823 every year, while hoping to spend $31,484 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: 53/34/13 Blend
54$519,000$519,000$519,000$519,000
55$576,913$549,406$541,361$605,264
56$602,259$542,828$525,998$618,546
57$629,136$534,873$509,065$629,210
58$657,665$525,439$490,477$640,093
59$687,982$514,420$470,142$651,222
60$720,233$501,704$447,969$662,631
61$754,579$487,170$423,858$674,357
62$791,196$470,691$397,707$686,446
63$830,277$452,134$369,410$698,946
64$872,033$431,356$338,853$711,917
65$916,696$408,208$305,920$725,423
66$964,519$382,531$270,489$739,542
67$1,015,782$354,156$232,432$754,357
68$1,070,789$322,908$191,616$769,967
69$1,129,876$288,597$147,901$786,481
70$1,193,411$251,025$101,143$804,026
71$1,261,797$209,984$51,190$822,740
72$1,335,478$165,251$0$842,784
73$1,414,942$116,593$0$864,631
74$1,500,723$63,763$0$895,784
75$1,593,410$6,500$0$929,386
76$1,693,649$0$0$965,716
77$1,802,149$0$0$1,025,839
78$1,919,693$0$0$1,093,650
79$2,047,139$0$0$1,167,217
80$2,185,431$0$0$1,247,092
81$2,335,607$0$0$1,333,880
82$2,498,810$0$0$1,428,248
83$2,676,297$0$0$1,530,927
84$2,869,449$0$0$1,642,726
85$3,079,788$0$0$1,764,530
86$3,308,988$0$0$1,897,318
87$3,558,890$0$0$2,042,163
88$3,831,523$0$0$2,200,249
89$4,129,117$0$0$2,372,878
90$4,454,130$0$0$2,561,483
91$4,809,265$0$0$2,767,644
92$5,197,499$0$0$2,993,096
93$5,622,111$0$0$3,239,754
94$6,086,708$0$0$3,509,725
95$6,595,266$0$0$3,805,326
96$7,152,159$0$0$4,129,114
97$7,762,207$0$0$4,483,902
98$8,430,717$0$0$4,872,786
99$9,163,533$0$0$5,299,180
100$9,967,091$0$0$5,766,841