Can I retire at age 55 with 527,000?

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 $527,000?

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 years$43,519$43,132$42,753$42,384$42,024$40,991
2 years$21,544$21,143$20,754$20,377$20,011$18,977
3 years$14,220$13,817$13,429$13,056$12,696$11,693
4 years$10,559$10,157$9,773$9,406$9,055$8,091
5 years$8,363$7,963$7,584$7,225$6,883$5,961
6 years$6,899$6,503$6,129$5,778$5,447$4,566
7 years$5,854$5,461$5,093$4,750$4,430$3,591
8 years$5,070$4,681$4,320$3,985$3,675$2,879
9 years$4,461$4,076$3,720$3,394$3,095$2,340
10 years$3,974$3,592$3,244$2,926$2,637$1,923
11 years$3,576$3,198$2,856$2,546$2,268$1,593
12 years$3,245$2,870$2,534$2,233$1,965$1,329
13 years$2,964$2,594$2,264$1,972$1,714$1,114
14 years$2,724$2,358$2,034$1,750$1,502$939
15 years$2,517$2,154$1,837$1,561$1,323$793
16 years$2,335$1,976$1,665$1,398$1,169$673
17 years$2,175$1,820$1,515$1,256$1,036$572
18 years$2,032$1,682$1,383$1,132$922$487
19 years$1,905$1,559$1,266$1,023$821$416
20 years$1,791$1,448$1,162$926$734$355
21 years$1,688$1,349$1,069$841$657$304
22 years$1,594$1,259$985$764$589$260
23 years$1,509$1,178$910$696$528$223
24 years$1,431$1,104$841$635$475$192
25 years$1,359$1,036$779$580$427$164
26 years$1,292$973$723$530$385$141
27 years$1,231$916$671$485$347$121
28 years$1,175$863$624$445$313$104
29 years$1,122$814$581$408$283$90
30 years$1,073$769$541$374$255$77
31 years$1,027$727$504$344$231$67
32 years$984$688$470$316$209$57
33 years$944$651$439$290$189$49
34 years$906$617$410$267$171$42
35 years$870$586$384$246$155$37
36 years$837$556$359$227$140$32
37 years$805$528$336$209$127$27
38 years$776$502$315$192$115$23
39 years$747$477$295$177$105$20
40 years$720$454$276$164$95$17
41 years$695$432$259$151$86$15
42 years$671$411$243$139$78$13
43 years$648$392$228$129$71$11
44 years$626$374$214$119$64$10
45 years$605$356$201$110$58$8
46 years$585$340$189$101$53$7
47 years$567$324$177$94$48$6
48 years$548$310$167$86$44$5
49 years$531$296$157$80$40$5
50 years$515$283$147$74$36$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $527,000, adding $2,903 every year, while hoping to spend $37,243 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: 28/44/28 Blend
54$527,000$527,000$527,000$527,000
55$583,748$555,817$547,649$594,965
56$603,665$543,426$526,369$591,769
57$624,364$529,180$503,128$584,929
58$645,887$512,947$477,821$576,831
59$668,277$494,592$450,337$567,394
60$691,581$473,967$420,564$556,530
61$715,850$450,918$388,379$544,151
62$741,135$425,282$353,659$530,160
63$767,497$396,886$316,273$514,458
64$794,996$365,549$276,082$496,941
65$823,701$331,076$232,946$477,499
66$853,684$293,263$186,715$456,018
67$885,022$251,896$137,233$432,376
68$917,802$206,746$84,337$406,449
69$952,114$157,573$27,859$378,104
70$988,057$104,122$0$347,203
71$1,025,740$46,125$0$323,287
72$1,065,279$0$0$306,032
73$1,106,801$0$0$295,093
74$1,150,443$0$0$307,097
75$1,196,355$0$0$319,756
76$1,244,700$0$0$333,117
77$1,295,656$0$0$347,235
78$1,349,414$0$0$362,168
79$1,406,187$0$0$377,978
80$1,466,203$0$0$394,735
81$1,529,713$0$0$412,515
82$1,596,991$0$0$431,400
83$1,668,335$0$0$451,481
84$1,744,072$0$0$472,857
85$1,824,561$0$0$495,635
86$1,910,190$0$0$519,936
87$2,001,389$0$0$545,888
88$2,098,626$0$0$573,634
89$2,202,413$0$0$603,330
90$2,313,313$0$0$635,147
91$2,431,942$0$0$669,274
92$2,558,975$0$0$705,916
93$2,695,153$0$0$745,299
94$2,841,289$0$0$787,671
95$2,998,274$0$0$833,306
96$3,167,088$0$0$882,502
97$3,348,805$0$0$935,589
98$3,544,606$0$0$992,927
99$3,755,786$0$0$1,054,914
100$3,983,770$0$0$1,121,985