Can I retire at age 55 with 521,000?

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 $521,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$43,024$42,640$42,267$41,902$41,545$40,199
2 years$21,299$20,902$20,518$20,145$19,783$18,440
3 years$14,058$13,660$13,276$12,907$12,551$11,253
4 years$10,439$10,041$9,662$9,299$8,952$7,708
5 years$8,267$7,873$7,498$7,142$6,805$5,619
6 years$6,820$6,429$6,059$5,712$5,385$4,258
7 years$5,787$5,399$5,035$4,696$4,379$3,311
8 years$5,013$4,628$4,270$3,939$3,633$2,623
9 years$4,411$4,029$3,678$3,355$3,059$2,106
10 years$3,929$3,552$3,207$2,892$2,607$1,709
11 years$3,536$3,162$2,823$2,517$2,242$1,398
12 years$3,208$2,838$2,505$2,208$1,943$1,151
13 years$2,931$2,565$2,238$1,949$1,694$952
14 years$2,693$2,331$2,011$1,730$1,485$791
15 years$2,488$2,130$1,816$1,543$1,308$659
16 years$2,308$1,954$1,646$1,382$1,156$551
17 years$2,150$1,799$1,498$1,242$1,025$462
18 years$2,009$1,663$1,368$1,119$911$387
19 years$1,884$1,541$1,252$1,011$812$326
20 years$1,771$1,432$1,149$916$725$274
21 years$1,669$1,334$1,057$831$649$231
22 years$1,576$1,245$974$756$582$195
23 years$1,492$1,164$899$688$522$164
24 years$1,414$1,091$832$628$469$139
25 years$1,343$1,024$770$573$422$117
26 years$1,278$962$714$524$381$99
27 years$1,217$906$663$480$343$84
28 years$1,161$853$617$440$310$71
29 years$1,109$805$574$403$280$60
30 years$1,061$760$535$370$253$51
31 years$1,015$719$498$340$228$43
32 years$973$680$465$312$207$36
33 years$933$644$434$287$187$31
34 years$896$610$406$264$169$26
35 years$861$579$379$243$153$22
36 years$827$550$355$224$139$19
37 years$796$522$332$206$126$16
38 years$767$496$311$190$114$13
39 years$739$472$291$175$103$11
40 years$712$449$273$162$94$10
41 years$687$427$256$149$85$8
42 years$663$407$240$138$77$7
43 years$641$388$225$127$70$6
44 years$619$369$212$117$64$5
45 years$598$352$199$108$58$4
46 years$579$336$187$100$52$4
47 years$560$321$175$93$48$3
48 years$542$306$165$85$43$3
49 years$525$292$155$79$39$2
50 years$509$279$146$73$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $521,000, adding $2,815 every year, while hoping to spend $26,956 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: 49/40/11 Blend
54$521,000$521,000$521,000$521,000
55$577,046$549,433$541,357$603,467
56$607,223$547,674$530,812$620,139
57$639,576$544,925$519,009$635,180
58$674,296$541,111$505,880$650,903
59$711,597$536,147$491,349$667,381
60$751,710$529,949$475,340$684,693
61$794,893$522,425$457,772$702,931
62$841,425$513,477$438,561$722,197
63$891,615$503,002$417,617$742,602
64$945,802$490,892$394,850$764,274
65$1,004,359$477,030$370,162$787,355
66$1,067,694$461,294$343,452$812,003
67$1,136,256$443,556$314,616$838,395
68$1,210,542$423,678$283,543$866,727
69$1,291,094$401,514$250,119$897,220
70$1,378,510$376,913$214,222$930,118
71$1,473,448$349,712$175,728$965,695
72$1,576,631$319,739$134,507$1,004,254
73$1,688,855$286,813$90,420$1,046,134
74$1,810,994$250,744$43,326$1,091,711
75$1,944,014$211,328$0$1,141,402
76$2,088,972$168,352$0$1,196,488
77$2,247,036$121,591$0$1,262,151
78$2,419,490$70,805$0$1,333,893
79$2,607,747$15,744$0$1,412,372
80$2,813,363$0$0$1,498,316
81$3,038,049$0$0$1,611,837
82$3,283,692$0$0$1,743,577
83$3,552,367$0$0$1,887,725
84$3,846,359$0$0$2,045,515
85$4,168,186$0$0$2,218,305
86$4,520,618$0$0$2,407,589
87$4,906,708$0$0$2,615,016
88$5,329,815$0$0$2,842,399
89$5,793,642$0$0$3,091,735
90$6,302,266$0$0$3,365,225
91$6,860,176$0$0$3,665,292
92$7,472,317$0$0$3,994,606
93$8,144,138$0$0$4,356,106
94$8,881,638$0$0$4,753,032
95$9,691,427$0$0$5,188,952
96$10,580,787$0$0$5,667,795
97$11,557,737$0$0$6,193,892
98$12,631,114$0$0$6,772,012
99$13,810,652$0$0$7,407,410
100$15,107,075$0$0$8,105,875