Can I retire at age 55 with 490,000?

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 $490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$40,464$40,103$39,752$39,408$39,073$37,823
2 years$20,032$19,658$19,297$18,946$18,606$17,358
3 years$13,222$12,847$12,486$12,139$11,805$10,597
4 years$9,817$9,444$9,087$8,746$8,419$7,263
5 years$7,775$7,404$7,052$6,717$6,400$5,297
6 years$6,415$6,046$5,699$5,372$5,064$4,016
7 years$5,443$5,077$4,736$4,417$4,119$3,125
8 years$4,714$4,352$4,016$3,705$3,417$2,477
9 years$4,148$3,789$3,459$3,156$2,877$1,990
10 years$3,695$3,340$3,016$2,720$2,452$1,616
11 years$3,325$2,974$2,655$2,368$2,109$1,323
12 years$3,017$2,669$2,356$2,077$1,827$1,090
13 years$2,756$2,412$2,105$1,833$1,593$902
14 years$2,533$2,192$1,892$1,627$1,397$750
15 years$2,340$2,003$1,708$1,451$1,230$626
16 years$2,171$1,838$1,548$1,300$1,087$523
17 years$2,022$1,692$1,409$1,168$964$439
18 years$1,890$1,564$1,286$1,052$857$368
19 years$1,772$1,449$1,177$951$764$310
20 years$1,665$1,347$1,081$861$682$261
21 years$1,569$1,254$994$782$610$220
22 years$1,482$1,171$916$711$547$186
23 years$1,403$1,095$846$647$491$157
24 years$1,330$1,026$782$590$442$133
25 years$1,263$963$725$539$397$112
26 years$1,202$905$672$493$358$95
27 years$1,145$852$624$451$323$80
28 years$1,092$803$580$413$291$68
29 years$1,043$757$540$379$263$58
30 years$997$715$503$348$238$49
31 years$955$676$469$319$215$41
32 years$915$640$437$294$194$35
33 years$878$606$408$270$176$30
34 years$842$574$382$248$159$25
35 years$809$544$357$229$144$21
36 years$778$517$334$211$131$18
37 years$749$491$312$194$118$15
38 years$721$466$292$179$107$13
39 years$695$444$274$165$97$11
40 years$670$422$257$152$88$9
41 years$646$402$241$140$80$8
42 years$624$383$226$130$73$7
43 years$603$365$212$120$66$6
44 years$582$347$199$110$60$5
45 years$563$331$187$102$54$4
46 years$544$316$175$94$49$3
47 years$527$302$165$87$45$3
48 years$510$288$155$80$41$3
49 years$494$275$146$74$37$2
50 years$478$263$137$69$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $490,000, adding $3,050 every year, while hoping to spend $22,619 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: 54/32/14 Blend
54$490,000$490,000$490,000$490,000
55$543,126$517,156$509,561$570,293
56$574,458$518,430$502,565$590,407
57$608,229$519,009$494,576$609,599
58$644,662$518,834$485,538$629,972
59$684,004$517,844$475,391$651,644
60$726,527$515,973$464,071$674,746
61$772,530$513,152$451,514$699,422
62$822,339$509,308$437,651$725,833
63$876,316$504,362$422,411$754,157
64$934,856$498,232$405,718$784,591
65$998,397$490,830$387,494$817,355
66$1,067,416$482,064$367,658$852,689
67$1,142,441$471,834$346,123$890,864
68$1,224,052$460,036$322,801$932,175
69$1,312,888$446,561$297,597$976,952
70$1,409,651$431,290$270,415$1,025,560
71$1,515,113$414,101$241,152$1,078,403
72$1,630,126$394,863$209,701$1,135,927
73$1,755,624$373,437$175,951$1,198,627
74$1,892,639$349,676$139,787$1,267,050
75$2,042,304$323,426$101,086$1,341,801
76$2,205,869$294,524$59,722$1,423,552
77$2,384,707$262,796$15,563$1,513,041
78$2,580,333$228,058$0$1,611,090
79$2,794,413$190,119$0$1,723,318
80$3,028,783$148,774$0$1,848,801
81$3,285,462$103,808$0$1,986,340
82$3,566,676$54,991$0$2,137,185
83$3,874,876$2,085$0$2,302,711
84$4,212,761$0$0$2,484,441
85$4,583,304$0$0$2,703,478
86$4,989,778$0$0$2,944,608
87$5,435,791$0$0$3,209,243
88$5,925,315$0$0$3,499,746
89$6,462,724$0$0$3,818,719
90$7,052,840$0$0$4,169,031
91$7,700,971$0$0$4,553,840
92$8,412,968$0$0$4,976,626
93$9,195,272$0$0$5,441,222
94$10,054,983$0$0$5,951,852
95$10,999,922$0$0$6,513,169
96$12,038,703$0$0$7,130,297
97$13,180,818$0$0$7,808,886
98$14,436,726$0$0$8,555,157
99$15,817,947$0$0$9,375,965
100$17,337,176$0$0$10,278,863