Can I retire at age 55 with 489,000?

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 $489,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$40,381$40,021$39,671$39,328$38,994$38,300
2 years$19,991$19,618$19,258$18,908$18,568$17,872
3 years$13,195$12,821$12,461$12,114$11,781$11,103
4 years$9,797$9,425$9,068$8,728$8,402$7,749
5 years$7,760$7,389$7,037$6,704$6,387$5,760
6 years$6,401$6,034$5,687$5,361$5,054$4,453
7 years$5,432$5,067$4,726$4,408$4,110$3,536
8 years$4,705$4,343$4,008$3,697$3,410$2,863
9 years$4,140$3,782$3,452$3,149$2,872$2,351
10 years$3,688$3,333$3,010$2,715$2,447$1,952
11 years$3,318$2,968$2,650$2,363$2,104$1,635
12 years$3,011$2,664$2,352$2,072$1,823$1,379
13 years$2,751$2,407$2,101$1,830$1,590$1,169
14 years$2,528$2,188$1,888$1,624$1,394$997
15 years$2,335$1,999$1,704$1,448$1,227$852
16 years$2,166$1,834$1,545$1,297$1,085$732
17 years$2,018$1,689$1,406$1,165$962$630
18 years$1,886$1,561$1,284$1,050$855$543
19 years$1,768$1,446$1,175$949$762$469
20 years$1,662$1,344$1,078$859$681$406
21 years$1,566$1,252$992$780$609$352
22 years$1,479$1,169$914$709$546$306
23 years$1,400$1,093$844$646$490$265
24 years$1,327$1,024$781$589$441$231
25 years$1,261$961$723$538$396$201
26 years$1,199$903$671$492$357$175
27 years$1,143$850$623$450$322$152
28 years$1,090$801$579$413$291$133
29 years$1,041$756$539$378$262$116
30 years$995$714$502$347$237$101
31 years$953$675$468$319$214$88
32 years$913$638$436$293$194$77
33 years$876$604$408$269$175$67
34 years$841$573$381$248$159$59
35 years$808$543$356$228$144$51
36 years$777$516$333$210$130$45
37 years$747$490$312$194$118$39
38 years$720$466$292$179$107$34
39 years$693$443$273$165$97$30
40 years$669$421$256$152$88$26
41 years$645$401$240$140$80$23
42 years$623$382$225$129$73$20
43 years$601$364$212$119$66$18
44 years$581$347$199$110$60$15
45 years$562$331$186$102$54$13
46 years$543$315$175$94$49$12
47 years$526$301$165$87$45$10
48 years$509$287$155$80$41$9
49 years$493$274$145$74$37$8
50 years$477$262$137$69$34$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $489,000, adding $3,053 every year, while hoping to spend $31,290 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: 50/41/9 Blend
54$489,000$489,000$489,000$489,000
55$542,027$516,110$508,531$567,698
56$564,022$508,107$492,274$577,564
57$587,211$498,663$474,424$584,697
58$611,684$487,675$454,895$591,719
59$637,537$475,033$433,595$598,628
60$664,876$460,620$410,431$605,424
61$693,816$444,313$385,304$612,108
62$724,484$425,983$358,110$618,683
63$757,017$405,492$328,742$625,158
64$791,565$382,693$297,087$631,541
65$828,293$357,434$263,028$637,845
66$867,381$329,550$226,442$644,090
67$909,026$298,870$187,199$650,297
68$953,444$265,212$145,168$656,495
69$1,000,870$228,382$100,206$662,718
70$1,051,565$188,179$52,169$669,007
71$1,105,812$144,387$903$675,414
72$1,163,922$96,779$0$681,997
73$1,226,236$45,116$0$693,993
74$1,293,130$0$0$706,745
75$1,365,014$0$0$725,176
76$1,442,341$0$0$766,934
77$1,525,604$0$0$811,937
78$1,615,349$0$0$860,483
79$1,712,172$0$0$912,901
80$1,816,732$0$0$969,553
81$1,929,749$0$0$1,030,834
82$2,052,017$0$0$1,097,181
83$2,184,408$0$0$1,169,074
84$2,327,879$0$0$1,247,038
85$2,483,485$0$0$1,331,655
86$2,652,385$0$0$1,423,562
87$2,835,854$0$0$1,523,459
88$3,035,294$0$0$1,632,119
89$3,252,248$0$0$1,750,390
90$3,488,412$0$0$1,879,207
91$3,745,655$0$0$2,019,596
92$4,026,032$0$0$2,172,689
93$4,331,804$0$0$2,339,732
94$4,665,461$0$0$2,522,093
95$5,029,743$0$0$2,721,283
96$5,427,667$0$0$2,938,960
97$5,862,553$0$0$3,176,954
98$6,338,057$0$0$3,437,278
99$6,858,205$0$0$3,722,147
100$7,427,428$0$0$4,034,002