Can I retire at age 55 with 520,000?

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 $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%16.1%
1 years$42,941$42,559$42,185$41,821$41,466$40,430
2 years$21,258$20,862$20,478$20,106$19,745$18,709
3 years$14,031$13,634$13,251$12,882$12,527$11,522
4 years$10,419$10,022$9,643$9,281$8,935$7,968
5 years$8,251$7,857$7,484$7,129$6,792$5,867
6 years$6,807$6,416$6,048$5,701$5,374$4,492
7 years$5,776$5,388$5,026$4,687$4,371$3,531
8 years$5,003$4,619$4,262$3,932$3,626$2,829
9 years$4,402$4,021$3,671$3,349$3,054$2,298
10 years$3,922$3,545$3,201$2,887$2,602$1,887
11 years$3,529$3,156$2,818$2,512$2,238$1,562
12 years$3,202$2,832$2,501$2,204$1,939$1,302
13 years$2,925$2,560$2,234$1,946$1,691$1,092
14 years$2,688$2,327$2,007$1,727$1,482$919
15 years$2,483$2,125$1,812$1,540$1,305$776
16 years$2,304$1,950$1,643$1,379$1,153$658
17 years$2,146$1,796$1,495$1,239$1,023$559
18 years$2,005$1,660$1,365$1,117$909$476
19 years$1,880$1,538$1,250$1,009$811$405
20 years$1,767$1,429$1,147$914$724$346
21 years$1,665$1,331$1,055$829$648$296
22 years$1,573$1,243$972$754$581$253
23 years$1,489$1,162$898$687$521$217
24 years$1,412$1,089$830$626$469$186
25 years$1,341$1,022$769$572$422$160
26 years$1,275$960$713$523$380$137
27 years$1,215$904$662$479$342$118
28 years$1,159$852$616$439$309$101
29 years$1,107$804$573$402$279$87
30 years$1,058$759$534$369$252$75
31 years$1,013$717$497$339$228$64
32 years$971$679$464$312$206$55
33 years$931$643$433$287$187$48
34 years$894$609$405$264$169$41
35 years$859$578$379$243$153$35
36 years$826$548$354$224$139$30
37 years$795$521$331$206$126$26
38 years$765$495$310$190$114$22
39 years$737$471$291$175$103$19
40 years$711$448$273$161$94$17
41 years$686$426$256$149$85$14
42 years$662$406$240$137$77$12
43 years$639$387$225$127$70$11
44 years$618$369$211$117$64$9
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$4
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 $3,764 every year, while hoping to spend $31,290 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: 59/20/21 Blend
54$520,000$520,000$520,000$520,000
55$576,923$549,363$541,303$607,542
56$602,476$542,989$526,144$622,393
57$629,588$535,254$509,429$634,850
58$658,383$526,059$491,072$647,743
59$689,000$515,297$470,984$661,117
60$721,588$502,857$449,073$675,029
61$756,313$488,621$425,240$689,538
62$793,356$472,462$399,384$704,715
63$832,913$454,248$371,399$720,637
64$875,203$433,838$341,173$737,391
65$920,462$411,085$308,591$755,076
66$968,951$385,830$273,530$773,802
67$1,020,956$357,908$235,866$793,692
68$1,076,791$327,142$195,464$814,885
69$1,136,799$293,347$152,187$837,536
70$1,201,358$256,327$105,892$861,817
71$1,270,884$215,874$56,426$887,923
72$1,345,831$171,769$3,633$916,070
73$1,426,700$123,781$0$946,498
74$1,514,042$71,664$0$991,288
75$1,608,459$15,160$0$1,040,565
76$1,710,616$0$0$1,093,889
77$1,821,244$0$0$1,161,798
78$1,941,144$0$0$1,239,051
79$2,071,199$0$0$1,322,885
80$2,212,379$0$0$1,413,929
81$2,365,752$0$0$1,512,877
82$2,532,493$0$0$1,620,491
83$2,713,892$0$0$1,737,611
84$2,911,370$0$0$1,865,161
85$3,126,493$0$0$2,004,155
86$3,360,980$0$0$2,155,712
87$3,616,725$0$0$2,321,062
88$3,895,814$0$0$2,501,560
89$4,200,540$0$0$2,698,698
90$4,533,431$0$0$2,914,116
91$4,897,266$0$0$3,149,621
92$5,295,107$0$0$3,407,203
93$5,730,324$0$0$3,689,052
94$6,206,630$0$0$3,997,581
95$6,728,112$0$0$4,335,446
96$7,299,269$0$0$4,705,571
97$7,925,059$0$0$5,111,178
98$8,610,938$0$0$5,555,815
99$9,362,920$0$0$6,043,389
100$10,187,624$0$0$6,578,203