Can I retire at age 55 with 530,000?

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 $530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$43,767$43,377$42,997$42,625$42,263$41,787
2 years$21,667$21,263$20,872$20,493$20,125$19,646
3 years$14,301$13,896$13,506$13,130$12,768$12,301
4 years$10,619$10,215$9,829$9,459$9,106$8,654
5 years$8,410$8,009$7,627$7,266$6,923$6,487
6 years$6,938$6,540$6,164$5,811$5,478$5,059
7 years$5,887$5,492$5,122$4,777$4,455$4,053
8 years$5,099$4,708$4,344$4,007$3,696$3,312
9 years$4,487$4,099$3,742$3,413$3,112$2,745
10 years$3,997$3,613$3,262$2,942$2,652$2,302
11 years$3,597$3,216$2,872$2,561$2,281$1,947
12 years$3,263$2,887$2,549$2,246$1,976$1,659
13 years$2,981$2,609$2,277$1,983$1,723$1,422
14 years$2,740$2,371$2,046$1,760$1,511$1,225
15 years$2,531$2,166$1,847$1,570$1,330$1,059
16 years$2,348$1,988$1,675$1,406$1,176$919
17 years$2,187$1,830$1,524$1,263$1,042$800
18 years$2,044$1,691$1,391$1,138$927$698
19 years$1,916$1,568$1,274$1,028$826$610
20 years$1,801$1,457$1,169$931$738$535
21 years$1,697$1,357$1,075$845$660$469
22 years$1,603$1,267$991$769$592$412
23 years$1,517$1,185$915$700$531$362
24 years$1,439$1,110$846$638$478$319
25 years$1,366$1,042$784$583$430$281
26 years$1,300$979$727$533$387$248
27 years$1,238$921$675$488$349$219
28 years$1,181$868$627$447$315$193
29 years$1,128$819$584$410$284$171
30 years$1,079$773$544$376$257$151
31 years$1,033$731$507$346$232$134
32 years$990$692$473$318$210$118
33 years$949$655$442$292$190$105
34 years$911$621$413$269$172$93
35 years$875$589$386$247$156$82
36 years$842$559$361$228$141$73
37 years$810$531$338$210$128$64
38 years$780$505$316$193$116$57
39 years$752$480$296$178$105$51
40 years$725$456$278$165$95$45
41 years$699$435$261$152$87$40
42 years$675$414$244$140$79$35
43 years$652$394$229$129$71$31
44 years$630$376$215$119$65$28
45 years$609$358$202$110$59$25
46 years$589$342$190$102$53$22
47 years$570$326$178$94$48$19
48 years$552$311$168$87$44$17
49 years$534$297$158$80$40$15
50 years$517$284$148$74$36$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $530,000, adding $2,614 every year, while hoping to spend $32,174 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: 80/12/8 Blend
54$530,000$530,000$530,000$530,000
55$586,756$558,666$550,451$632,878
56$612,373$551,808$534,659$656,621
57$639,523$543,535$517,258$678,175
58$668,331$533,745$498,163$700,861
59$698,930$522,328$477,281$724,776
60$731,467$509,168$454,515$750,028
61$766,101$494,142$429,766$776,735
62$803,009$477,120$402,929$805,025
63$842,383$457,966$373,894$835,042
64$884,433$436,533$342,547$866,944
65$929,390$412,668$308,767$900,906
66$977,507$386,209$272,430$937,120
67$1,029,062$356,982$233,405$975,797
68$1,084,359$324,806$191,557$1,017,173
69$1,143,731$289,489$146,742$1,061,506
70$1,207,546$250,828$98,811$1,109,081
71$1,276,204$208,608$47,611$1,160,213
72$1,350,150$162,602$0$1,215,249
73$1,429,866$112,571$0$1,275,174
74$1,515,886$58,261$0$1,344,187
75$1,608,796$0$0$1,418,701
76$1,709,239$0$0$1,499,328
77$1,817,922$0$0$1,594,906
78$1,935,622$0$0$1,698,425
79$2,063,194$0$0$1,810,641
80$2,201,578$0$0$1,932,379
81$2,351,808$0$0$2,064,553
82$2,515,019$0$0$2,208,162
83$2,692,462$0$0$2,364,311
84$2,885,514$0$0$2,534,210
85$3,095,687$0$0$2,719,194
86$3,324,647$0$0$2,920,731
87$3,574,226$0$0$3,140,437
88$3,846,442$0$0$3,380,089
89$4,143,516$0$0$3,641,644
90$4,467,890$0$0$3,927,257
91$4,822,254$0$0$4,239,298
92$5,209,572$0$0$4,580,379
93$5,633,102$0$0$4,953,373
94$6,096,435$0$0$5,361,445
95$6,603,523$0$0$5,808,080
96$7,158,720$0$0$6,297,114
97$7,766,819$0$0$6,832,772
98$8,433,099$0$0$7,419,709
99$9,163,371$0$0$8,063,048
100$9,964,040$0$0$8,768,432