Can I retire at age 55 with 520,000?

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 $520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$42,941$42,559$42,185$41,821$41,466$40,463
2 years$21,258$20,862$20,478$20,106$19,745$18,742
3 years$14,031$13,634$13,251$12,882$12,527$11,553
4 years$10,419$10,022$9,643$9,281$8,935$7,998
5 years$8,251$7,857$7,484$7,129$6,792$5,895
6 years$6,807$6,416$6,048$5,701$5,374$4,519
7 years$5,776$5,388$5,026$4,687$4,371$3,556
8 years$5,003$4,619$4,262$3,932$3,626$2,852
9 years$4,402$4,021$3,671$3,349$3,054$2,320
10 years$3,922$3,545$3,201$2,887$2,602$1,907
11 years$3,529$3,156$2,818$2,512$2,238$1,581
12 years$3,202$2,832$2,501$2,204$1,939$1,320
13 years$2,925$2,560$2,234$1,946$1,691$1,108
14 years$2,688$2,327$2,007$1,727$1,482$934
15 years$2,483$2,125$1,812$1,540$1,305$790
16 years$2,304$1,950$1,643$1,379$1,153$670
17 years$2,146$1,796$1,495$1,239$1,023$570
18 years$2,005$1,660$1,365$1,117$909$486
19 years$1,880$1,538$1,250$1,009$811$415
20 years$1,767$1,429$1,147$914$724$355
21 years$1,665$1,331$1,055$829$648$304
22 years$1,573$1,243$972$754$581$261
23 years$1,489$1,162$898$687$521$224
24 years$1,412$1,089$830$626$469$192
25 years$1,341$1,022$769$572$422$165
26 years$1,275$960$713$523$380$142
27 years$1,215$904$662$479$342$122
28 years$1,159$852$616$439$309$105
29 years$1,107$804$573$402$279$90
30 years$1,058$759$534$369$252$78
31 years$1,013$717$497$339$228$67
32 years$971$679$464$312$206$58
33 years$931$643$433$287$187$50
34 years$894$609$405$264$169$43
35 years$859$578$379$243$153$37
36 years$826$548$354$224$139$32
37 years$795$521$331$206$126$27
38 years$765$495$310$190$114$24
39 years$737$471$291$175$103$20
40 years$711$448$273$161$94$18
41 years$686$426$256$149$85$15
42 years$662$406$240$137$77$13
43 years$639$387$225$127$70$11
44 years$618$369$211$117$64$10
45 years$597$352$198$108$58$8
46 years$578$335$186$100$52$7
47 years$559$320$175$92$48$6
48 years$541$306$164$85$43$5
49 years$524$292$155$79$39$5
50 years$508$279$145$73$36$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $520,000, adding $4,776 every year, while hoping to spend $40,224 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: 55/29/16 Blend
54$520,000$520,000$520,000$520,000
55$577,966$550,406$542,346$607,054
56$594,121$534,578$517,717$611,569
57$610,575$516,627$490,914$611,751
58$627,317$496,404$461,823$611,041
59$644,332$473,757$430,323$609,364
60$661,603$448,520$396,288$606,639
61$679,110$420,521$359,587$602,778
62$696,828$389,575$320,082$597,690
63$714,729$355,489$277,629$591,273
64$732,782$318,058$232,080$583,423
65$750,947$277,065$183,277$574,023
66$769,184$232,281$131,056$562,952
67$787,442$183,465$75,248$550,079
68$805,667$130,360$15,674$535,262
69$823,794$72,697$0$518,351
70$841,753$10,190$0$507,361
71$859,462$0$0$497,328
72$876,831$0$0$503,758
73$893,757$0$0$513,144
74$910,126$0$0$522,166
75$925,808$0$0$530,743
76$940,660$0$0$538,787
77$954,520$0$0$546,200
78$967,207$0$0$552,871
79$978,522$0$0$558,679
80$988,239$0$0$563,485
81$996,110$0$0$567,137
82$1,001,856$0$0$569,467
83$1,005,169$0$0$570,285
84$1,005,705$0$0$569,383
85$1,003,083$0$0$566,529
86$996,880$0$0$561,464
87$986,626$0$0$553,902
88$971,799$0$0$543,527
89$951,824$0$0$529,987
90$926,059$0$0$512,894
91$893,797$0$0$491,815
92$854,252$0$0$466,274
93$806,556$0$0$435,744
94$749,748$0$0$399,640
95$682,764$0$0$357,315
96$604,430$0$0$308,057
97$513,444$0$0$251,074
98$408,369$0$0$185,494
99$287,617$0$0$110,353
100$149,433$0$0$24,585