Can I retire at age 55 with 491,000?

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 $491,000?

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$40,546$40,185$39,833$39,489$39,153$38,457
2 years$20,072$19,699$19,336$18,985$18,644$17,945
3 years$13,249$12,873$12,512$12,164$11,829$11,149
4 years$9,838$9,463$9,105$8,763$8,436$7,781
5 years$7,791$7,419$7,066$6,731$6,413$5,783
6 years$6,428$6,058$5,711$5,383$5,075$4,472
7 years$5,454$5,088$4,745$4,426$4,127$3,551
8 years$4,724$4,361$4,025$3,713$3,424$2,874
9 years$4,157$3,797$3,466$3,162$2,883$2,360
10 years$3,703$3,347$3,022$2,726$2,457$1,960
11 years$3,332$2,980$2,661$2,372$2,113$1,642
12 years$3,023$2,674$2,361$2,081$1,831$1,384
13 years$2,762$2,417$2,110$1,837$1,597$1,174
14 years$2,538$2,197$1,895$1,631$1,400$1,001
15 years$2,345$2,007$1,711$1,454$1,232$856
16 years$2,175$1,841$1,552$1,302$1,089$735
17 years$2,026$1,696$1,412$1,170$966$632
18 years$1,894$1,567$1,289$1,054$859$545
19 years$1,775$1,452$1,180$953$765$471
20 years$1,669$1,349$1,083$863$684$408
21 years$1,573$1,257$996$783$612$354
22 years$1,485$1,173$918$712$548$307
23 years$1,406$1,097$848$648$492$267
24 years$1,333$1,028$784$591$442$232
25 years$1,266$965$726$540$398$202
26 years$1,204$907$673$494$359$176
27 years$1,147$853$625$452$323$153
28 years$1,094$804$581$414$292$133
29 years$1,045$759$541$380$263$116
30 years$999$717$504$349$238$102
31 years$957$677$470$320$215$89
32 years$917$641$438$294$195$77
33 years$879$607$409$271$176$68
34 years$844$575$382$249$159$59
35 years$811$546$357$229$144$52
36 years$780$518$334$211$131$45
37 years$750$492$313$194$119$39
38 years$723$467$293$179$108$34
39 years$696$444$275$165$98$30
40 years$671$423$257$152$88$26
41 years$648$403$241$141$80$23
42 years$625$383$226$130$73$20
43 years$604$365$212$120$66$18
44 years$583$348$199$111$60$15
45 years$564$332$187$102$54$13
46 years$545$317$176$94$49$12
47 years$528$302$165$87$45$10
48 years$511$289$155$81$41$9
49 years$495$276$146$74$37$8
50 years$479$263$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 $491,000, adding $5,373 every year, while hoping to spend $25,619 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: 54/30/16 Blend
54$491,000$491,000$491,000$491,000
55$546,624$520,601$512,991$573,530
56$575,122$518,852$502,918$590,737
57$605,667$516,159$491,648$606,267
58$638,442$512,448$479,116$622,597
59$673,647$507,642$465,250$639,810
60$711,500$501,657$449,977$657,998
61$752,242$494,408$433,220$677,264
62$796,138$485,800$414,900$697,722
63$843,476$475,737$394,931$719,501
64$894,576$464,114$373,227$742,743
65$949,788$450,820$349,695$767,606
66$1,009,496$435,740$324,240$794,268
67$1,074,124$418,751$296,761$822,924
68$1,144,136$399,721$267,154$853,793
69$1,220,044$378,513$235,309$887,118
70$1,302,409$354,981$201,113$923,168
71$1,391,849$328,970$164,445$962,243
72$1,489,046$300,317$125,182$1,004,675
73$1,594,746$268,850$83,193$1,050,835
74$1,709,773$234,386$38,342$1,101,133
75$1,835,032$196,734$0$1,156,022
76$1,971,519$155,688$0$1,217,634
77$2,120,332$111,034$0$1,291,993
78$2,282,677$62,546$0$1,373,193
79$2,459,882$9,983$0$1,461,949
80$2,653,410$0$0$1,559,052
81$2,864,870$0$0$1,680,860
82$3,096,034$0$0$1,817,667
83$3,348,855$0$0$1,967,336
84$3,625,479$0$0$2,131,147
85$3,928,272$0$0$2,310,505
86$4,259,840$0$0$2,506,959
87$4,623,051$0$0$2,722,217
88$5,021,064$0$0$2,958,157
89$5,457,357$0$0$3,216,849
90$5,935,763$0$0$3,500,571
91$6,460,501$0$0$3,811,834
92$7,036,221$0$0$4,153,404
93$7,668,041$0$0$4,528,326
94$8,361,602$0$0$4,939,955
95$9,123,116$0$0$5,391,987
96$9,959,426$0$0$5,888,493
97$10,878,071$0$0$6,433,958
98$11,887,356$0$0$7,033,323
99$12,996,429$0$0$7,692,031
100$14,215,369$0$0$8,416,079