Can I retire at age 55 with 529,000?

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 $529,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$43,684$43,295$42,916$42,545$42,183$40,931
2 years$21,626$21,223$20,833$20,454$20,087$18,836
3 years$14,274$13,870$13,480$13,105$12,744$11,533
4 years$10,599$10,196$9,810$9,442$9,089$7,928
5 years$8,394$7,993$7,613$7,252$6,910$5,801
6 years$6,925$6,527$6,152$5,800$5,467$4,412
7 years$5,876$5,482$5,113$4,768$4,446$3,445
8 years$5,090$4,699$4,336$4,000$3,689$2,740
9 years$4,478$4,091$3,735$3,407$3,106$2,210
10 years$3,990$3,606$3,256$2,937$2,647$1,801
11 years$3,590$3,210$2,866$2,556$2,276$1,480
12 years$3,257$2,881$2,544$2,242$1,973$1,224
13 years$2,976$2,604$2,273$1,979$1,720$1,018
14 years$2,735$2,367$2,042$1,757$1,508$849
15 years$2,526$2,162$1,844$1,567$1,328$712
16 years$2,344$1,984$1,672$1,403$1,173$598
17 years$2,183$1,827$1,521$1,261$1,040$503
18 years$2,040$1,688$1,389$1,136$925$425
19 years$1,913$1,565$1,271$1,027$825$359
20 years$1,798$1,454$1,167$930$737$304
21 years$1,694$1,354$1,073$844$659$257
22 years$1,600$1,264$989$767$591$218
23 years$1,514$1,182$913$699$530$185
24 years$1,436$1,108$845$637$477$157
25 years$1,364$1,040$782$582$429$134
26 years$1,297$977$725$532$386$114
27 years$1,236$920$674$487$348$97
28 years$1,179$866$626$446$314$82
29 years$1,126$817$583$409$284$70
30 years$1,077$772$543$376$256$60
31 years$1,031$730$506$345$232$51
32 years$988$690$472$317$210$43
33 years$947$654$441$292$190$37
34 years$909$620$412$268$172$31
35 years$874$588$385$247$156$27
36 years$840$558$360$227$141$23
37 years$808$530$337$210$128$19
38 years$778$504$316$193$116$17
39 years$750$479$296$178$105$14
40 years$723$456$277$164$95$12
41 years$698$434$260$152$86$10
42 years$673$413$244$140$78$9
43 years$650$394$229$129$71$7
44 years$629$375$215$119$65$6
45 years$608$358$202$110$59$5
46 years$588$341$189$102$53$5
47 years$569$326$178$94$48$4
48 years$551$311$167$87$44$3
49 years$533$297$157$80$40$3
50 years$516$284$148$74$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $529,000, adding $6,219 every year, while hoping to spend $37,246 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: 66/17/17 Blend
54$529,000$529,000$529,000$529,000
55$589,373$561,336$553,136$625,427
56$609,859$549,212$532,037$638,204
57$631,187$535,246$508,982$647,276
58$653,403$519,307$483,868$656,284
59$676,557$501,260$456,584$665,220
60$700,702$480,958$427,016$674,077
61$725,896$458,248$395,044$682,850
62$752,203$432,967$360,543$691,532
63$779,689$404,944$323,383$700,120
64$808,429$373,997$283,427$708,609
65$838,499$339,934$240,533$717,000
66$869,987$302,551$194,551$725,290
67$902,984$261,635$145,327$733,483
68$937,590$216,957$92,698$741,582
69$973,916$168,280$36,495$749,594
70$1,012,079$115,348$0$757,530
71$1,052,207$57,896$0$769,662
72$1,094,440$0$0$789,089
73$1,138,931$0$0$810,059
74$1,185,845$0$0$843,603
75$1,235,362$0$0$879,024
76$1,287,680$0$0$916,462
77$1,343,013$0$0$956,074
78$1,401,596$0$0$998,029
79$1,463,684$0$0$1,042,514
80$1,529,558$0$0$1,089,731
81$1,599,524$0$0$1,139,902
82$1,673,915$0$0$1,193,269
83$1,753,098$0$0$1,250,098
84$1,837,474$0$0$1,310,680
85$1,927,481$0$0$1,375,333
86$2,023,601$0$0$1,444,406
87$2,126,359$0$0$1,518,281
88$2,236,334$0$0$1,597,377
89$2,354,159$0$0$1,682,155
90$2,480,528$0$0$1,773,119
91$2,616,203$0$0$1,870,821
92$2,762,021$0$0$1,975,869
93$2,918,899$0$0$2,088,931
94$3,087,847$0$0$2,210,737
95$3,269,971$0$0$2,342,093
96$3,466,487$0$0$2,483,882
97$3,678,731$0$0$2,637,075
98$3,908,172$0$0$2,802,738
99$4,156,424$0$0$2,982,044
100$4,425,261$0$0$3,176,283