Can I retire at age 55 with 519,000?

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 $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%18.5%
1 years$42,859$42,477$42,104$41,741$41,386$39,965
2 years$21,217$20,822$20,439$20,068$19,708$18,291
3 years$14,004$13,607$13,225$12,858$12,503$11,135
4 years$10,398$10,003$9,625$9,263$8,917$7,608
5 years$8,236$7,842$7,469$7,115$6,779$5,531
6 years$6,794$6,404$6,036$5,690$5,364$4,180
7 years$5,765$5,378$5,016$4,678$4,362$3,241
8 years$4,993$4,610$4,254$3,924$3,619$2,560
9 years$4,394$4,014$3,664$3,343$3,048$2,049
10 years$3,914$3,538$3,194$2,881$2,597$1,658
11 years$3,522$3,150$2,812$2,508$2,233$1,352
12 years$3,196$2,827$2,496$2,200$1,935$1,109
13 years$2,919$2,555$2,230$1,942$1,688$914
14 years$2,683$2,322$2,004$1,724$1,479$757
15 years$2,478$2,121$1,809$1,537$1,303$629
16 years$2,299$1,946$1,640$1,376$1,151$524
17 years$2,142$1,792$1,492$1,237$1,021$437
18 years$2,002$1,656$1,362$1,115$908$365
19 years$1,876$1,535$1,247$1,007$809$306
20 years$1,764$1,426$1,145$912$723$257
21 years$1,662$1,329$1,053$828$647$215
22 years$1,570$1,240$970$753$580$181
23 years$1,486$1,160$896$685$520$152
24 years$1,409$1,087$829$625$468$128
25 years$1,338$1,020$767$571$421$108
26 years$1,273$959$712$522$379$91
27 years$1,213$902$661$478$342$76
28 years$1,157$850$614$438$308$64
29 years$1,105$802$572$401$278$54
30 years$1,056$757$533$368$252$46
31 years$1,011$716$497$338$227$39
32 years$969$677$463$311$206$32
33 years$929$642$433$286$186$27
34 years$892$608$404$263$169$23
35 years$857$577$378$242$153$19
36 years$824$547$353$223$138$16
37 years$793$520$331$206$125$14
38 years$764$494$310$189$114$12
39 years$736$470$290$175$103$10
40 years$710$447$272$161$94$8
41 years$685$426$255$149$85$7
42 years$661$405$239$137$77$6
43 years$638$386$225$127$70$5
44 years$617$368$211$117$63$4
45 years$596$351$198$108$58$4
46 years$577$335$186$100$52$3
47 years$558$320$175$92$47$3
48 years$540$305$164$85$43$2
49 years$523$291$154$79$39$2
50 years$507$278$145$73$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $519,000, adding $3,846 every year, while hoping to spend $32,214 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: 59/24/17 Blend
54$519,000$519,000$519,000$519,000
55$575,905$548,398$540,354$607,136
56$600,372$540,994$524,180$621,307
57$626,255$532,148$506,385$632,866
58$653,664$521,754$486,880$644,730
59$682,720$509,703$465,573$656,933
60$713,555$495,876$442,367$669,515
61$746,313$480,149$417,162$682,520
62$781,151$462,390$389,851$696,000
63$818,243$442,461$360,325$710,012
64$857,776$420,214$328,468$724,622
65$899,958$395,494$294,161$739,904
66$945,015$368,134$257,276$755,942
67$993,195$337,962$217,684$772,830
68$1,044,772$304,793$175,247$790,675
69$1,100,043$268,432$129,822$809,598
70$1,159,335$228,673$81,259$829,732
71$1,223,009$185,299$29,403$851,230
72$1,291,458$138,081$0$874,262
73$1,365,116$86,776$0$903,723
74$1,444,457$31,128$0$941,120
75$1,530,005$0$0$981,385
76$1,622,332$0$0$1,032,512
77$1,722,068$0$0$1,096,657
78$1,829,907$0$0$1,166,047
79$1,946,610$0$0$1,241,178
80$2,073,013$0$0$1,322,591
81$2,210,036$0$0$1,410,886
82$2,358,691$0$0$1,506,719
83$2,520,091$0$0$1,610,812
84$2,695,459$0$0$1,723,960
85$2,886,142$0$0$1,847,038
86$3,093,620$0$0$1,981,008
87$3,319,524$0$0$2,126,928
88$3,565,646$0$0$2,285,964
89$3,833,959$0$0$2,459,397
90$4,126,636$0$0$2,648,639
91$4,446,067$0$0$2,855,242
92$4,794,883$0$0$3,080,917
93$5,175,981$0$0$3,327,545
94$5,592,549$0$0$3,597,200
95$6,048,099$0$0$3,892,162
96$6,546,495$0$0$4,214,943
97$7,091,996$0$0$4,568,311
98$7,689,286$0$0$4,955,310
99$8,343,528$0$0$5,379,296
100$9,060,406$0$0$5,843,962