Can I retire at age 55 with 535,000?

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 $535,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$44,180$43,786$43,402$43,028$42,662$41,664
2 years$21,871$21,464$21,069$20,686$20,315$19,316
3 years$14,436$14,027$13,633$13,254$12,889$11,919
4 years$10,719$10,311$9,921$9,549$9,192$8,259
5 years$8,490$8,084$7,699$7,334$6,988$6,094
6 years$7,004$6,601$6,222$5,865$5,529$4,676
7 years$5,943$5,544$5,171$4,822$4,497$3,684
8 years$5,147$4,752$4,385$4,045$3,731$2,958
9 years$4,529$4,137$3,777$3,446$3,142$2,409
10 years$4,035$3,647$3,293$2,970$2,677$1,983
11 years$3,631$3,247$2,899$2,585$2,302$1,646
12 years$3,294$2,914$2,573$2,267$1,995$1,376
13 years$3,009$2,633$2,299$2,002$1,740$1,156
14 years$2,766$2,394$2,065$1,777$1,525$976
15 years$2,555$2,187$1,865$1,585$1,343$827
16 years$2,370$2,006$1,691$1,419$1,187$702
17 years$2,208$1,848$1,538$1,275$1,052$598
18 years$2,063$1,707$1,404$1,149$936$511
19 years$1,934$1,582$1,286$1,038$834$437
20 years$1,818$1,470$1,180$940$745$374
21 years$1,714$1,370$1,085$853$667$321
22 years$1,618$1,279$1,000$776$597$276
23 years$1,532$1,196$924$707$536$237
24 years$1,452$1,120$854$644$482$204
25 years$1,379$1,051$791$589$434$175
26 years$1,312$988$734$538$391$151
27 years$1,250$930$681$493$352$130
28 years$1,192$876$633$451$318$112
29 years$1,139$827$589$414$287$97
30 years$1,089$781$549$380$259$83
31 years$1,042$738$512$349$234$72
32 years$999$698$478$321$212$62
33 years$958$661$446$295$192$54
34 years$920$627$417$271$174$46
35 years$884$595$389$250$157$40
36 years$850$564$364$230$143$35
37 years$818$536$341$212$129$30
38 years$787$509$319$195$117$26
39 years$759$484$299$180$106$22
40 years$731$461$280$166$96$19
41 years$706$439$263$153$87$17
42 years$681$418$247$141$79$14
43 years$658$398$231$131$72$12
44 years$636$379$217$121$65$11
45 years$615$362$204$111$59$9
46 years$594$345$192$103$54$8
47 years$575$329$180$95$49$7
48 years$557$314$169$88$44$6
49 years$539$300$159$81$40$5
50 years$522$287$149$75$37$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $535,000, adding $6,671 every year, while hoping to spend $38,715 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: 69/14/17 Blend
54$535,000$535,000$535,000$535,000
55$596,451$568,096$559,804$634,744
56$616,097$554,740$537,365$647,765
57$636,449$539,433$512,876$656,798
58$657,538$522,036$486,229$665,708
59$679,398$502,407$457,309$674,480
60$702,063$480,392$425,996$683,098
61$725,571$455,829$392,164$691,544
62$749,962$428,547$355,684$699,800
63$775,278$398,366$316,420$707,848
64$801,564$365,093$274,227$715,670
65$828,868$328,528$228,959$723,246
66$857,242$288,455$180,458$730,556
67$886,741$244,649$128,563$737,582
68$917,423$196,872$73,105$744,304
69$949,353$144,870$13,906$750,700
70$982,597$88,379$0$756,753
71$1,017,229$27,117$0$771,379
72$1,053,327$0$0$788,894
73$1,090,976$0$0$812,833
74$1,130,267$0$0$842,183
75$1,171,298$0$0$872,839
76$1,214,175$0$0$904,881
77$1,259,013$0$0$938,397
78$1,305,936$0$0$973,479
79$1,355,077$0$0$1,010,230
80$1,406,583$0$0$1,048,760
81$1,460,611$0$0$1,089,187
82$1,517,332$0$0$1,131,642
83$1,576,933$0$0$1,176,265
84$1,639,616$0$0$1,223,209
85$1,705,599$0$0$1,272,640
86$1,775,124$0$0$1,324,741
87$1,848,450$0$0$1,379,708
88$1,925,861$0$0$1,437,757
89$2,007,668$0$0$1,499,122
90$2,094,208$0$0$1,564,061
91$2,185,850$0$0$1,632,851
92$2,282,999$0$0$1,705,800
93$2,386,093$0$0$1,783,241
94$2,495,615$0$0$1,865,540
95$2,612,092$0$0$1,953,097
96$2,736,100$0$0$2,046,348
97$2,868,271$0$0$2,145,773
98$3,009,295$0$0$2,251,896
99$3,159,930$0$0$2,365,292
100$3,321,006$0$0$2,486,591