Can I retire at age 55 with 495,000?

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 $495,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$40,877$40,513$40,157$39,811$39,472$38,898
2 years$20,236$19,859$19,494$19,140$18,796$18,219
3 years$13,357$12,978$12,614$12,263$11,925$11,363
4 years$9,918$9,540$9,180$8,835$8,505$7,962
5 years$7,855$7,480$7,124$6,786$6,465$5,943
6 years$6,480$6,108$5,757$5,427$5,116$4,615
7 years$5,498$5,129$4,784$4,462$4,161$3,681
8 years$4,763$4,397$4,057$3,743$3,452$2,994
9 years$4,190$3,828$3,495$3,188$2,907$2,470
10 years$3,733$3,374$3,047$2,748$2,477$2,061
11 years$3,359$3,004$2,682$2,392$2,130$1,735
12 years$3,048$2,696$2,380$2,098$1,846$1,471
13 years$2,784$2,437$2,127$1,852$1,610$1,254
14 years$2,559$2,215$1,911$1,644$1,411$1,074
15 years$2,364$2,023$1,725$1,466$1,242$924
16 years$2,193$1,856$1,564$1,313$1,098$798
17 years$2,043$1,710$1,423$1,180$974$690
18 years$1,909$1,580$1,299$1,063$866$599
19 years$1,790$1,464$1,189$961$772$520
20 years$1,682$1,360$1,092$870$689$453
21 years$1,585$1,267$1,004$790$617$395
22 years$1,497$1,183$925$718$553$345
23 years$1,417$1,106$854$654$496$302
24 years$1,344$1,037$790$596$446$264
25 years$1,276$973$732$545$401$231
26 years$1,214$914$679$498$362$203
27 years$1,157$860$630$456$326$178
28 years$1,103$811$586$418$294$156
29 years$1,054$765$545$383$266$137
30 years$1,008$722$508$351$240$120
31 years$965$683$474$323$217$106
32 years$924$646$442$297$196$93
33 years$886$612$413$273$178$82
34 years$851$580$385$251$161$72
35 years$818$550$360$231$146$63
36 years$786$522$337$213$132$56
37 years$756$496$316$196$120$49
38 years$728$471$295$181$108$43
39 years$702$448$277$167$98$38
40 years$677$426$259$154$89$33
41 years$653$406$243$142$81$29
42 years$630$386$228$131$73$26
43 years$609$368$214$121$67$23
44 years$588$351$201$112$60$20
45 years$569$335$189$103$55$18
46 years$550$319$177$95$50$16
47 years$532$305$167$88$45$14
48 years$515$291$157$81$41$12
49 years$499$278$147$75$37$11
50 years$483$265$138$69$34$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $495,000, adding $2,503 every year, while hoping to spend $25,448 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: 64/27/9 Blend
54$495,000$495,000$495,000$495,000
55$548,072$521,837$514,164$581,958
56$576,899$520,330$504,312$603,364
57$607,813$517,897$493,277$623,522
58$641,001$514,465$480,993$644,885
59$676,666$509,957$467,390$667,571
60$715,033$504,292$452,395$691,708
61$756,349$497,384$435,931$717,438
62$800,882$489,142$417,921$744,917
63$848,930$479,468$398,280$774,322
64$900,820$468,261$376,921$805,844
65$956,909$455,411$353,753$839,697
66$1,017,592$440,804$328,682$876,119
67$1,083,301$424,319$301,608$915,369
68$1,154,513$405,826$272,427$957,740
69$1,231,751$385,189$241,031$1,003,550
70$1,315,591$362,265$207,307$1,053,155
71$1,406,667$336,901$171,137$1,106,947
72$1,505,673$308,935$132,397$1,165,362
73$1,613,378$278,199$90,958$1,228,878
74$1,730,623$244,512$46,685$1,298,027
75$1,858,336$207,683$0$1,373,397
76$1,997,539$167,512$0$1,455,690
77$2,149,355$123,787$0$1,550,361
78$2,315,020$76,283$0$1,653,727
79$2,495,896$24,764$0$1,766,684
80$2,693,480$0$0$1,890,217
81$2,909,422$0$0$2,034,630
82$3,145,538$0$0$2,200,612
83$3,403,828$0$0$2,382,216
84$3,686,493$0$0$2,580,993
85$3,995,958$0$0$2,798,653
86$4,334,891$0$0$3,037,078
87$4,706,233$0$0$3,298,341
88$5,113,221$0$0$3,584,724
89$5,559,420$0$0$3,898,741
90$6,048,759$0$0$4,243,162
91$6,585,562$0$0$4,621,037
92$7,174,593$0$0$5,035,725
93$7,821,100$0$0$5,490,926
94$8,530,865$0$0$5,990,716
95$9,310,253$0$0$6,539,587
96$10,166,281$0$0$7,142,483
97$11,106,674$0$0$7,804,855
98$12,139,945$0$0$8,532,704
99$13,275,473$0$0$9,332,644
100$14,523,588$0$0$10,211,960