Can I retire at age 55 with 501,000?

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 $501,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$41,372$41,004$40,644$40,293$39,950$39,649
2 years$20,481$20,100$19,730$19,372$19,024$18,720
3 years$13,519$13,135$12,767$12,412$12,070$11,772
4 years$10,038$9,656$9,291$8,942$8,608$8,320
5 years$7,950$7,570$7,210$6,868$6,544$6,266
6 years$6,559$6,182$5,827$5,493$5,178$4,910
7 years$5,565$5,191$4,842$4,516$4,211$3,954
8 years$4,820$4,450$4,107$3,788$3,493$3,247
9 years$4,241$3,875$3,537$3,227$2,942$2,706
10 years$3,778$3,415$3,084$2,781$2,507$2,281
11 years$3,400$3,040$2,715$2,421$2,156$1,941
12 years$3,085$2,729$2,409$2,123$1,868$1,663
13 years$2,818$2,466$2,153$1,875$1,629$1,434
14 years$2,590$2,242$1,934$1,664$1,428$1,242
15 years$2,392$2,048$1,746$1,484$1,257$1,081
16 years$2,220$1,879$1,583$1,329$1,111$944
17 years$2,067$1,730$1,441$1,194$985$827
18 years$1,932$1,599$1,315$1,076$876$726
19 years$1,811$1,482$1,204$972$781$639
20 years$1,703$1,377$1,105$880$698$563
21 years$1,605$1,283$1,016$799$624$497
22 years$1,516$1,197$937$727$560$440
23 years$1,434$1,120$865$662$502$390
24 years$1,360$1,049$800$604$451$346
25 years$1,292$985$741$551$406$307
26 years$1,229$925$687$504$366$272
27 years$1,171$871$638$461$330$242
28 years$1,117$821$593$423$298$215
29 years$1,067$774$552$388$269$192
30 years$1,020$731$514$356$243$171
31 years$976$691$479$327$220$152
32 years$935$654$447$300$199$136
33 years$897$619$418$276$180$121
34 years$861$587$390$254$163$108
35 years$828$557$365$234$147$96
36 years$796$528$341$215$134$86
37 years$766$502$319$198$121$77
38 years$737$477$299$183$110$68
39 years$710$454$280$169$100$61
40 years$685$432$263$156$90$55
41 years$661$411$246$144$82$49
42 years$638$391$231$132$74$44
43 years$616$373$217$122$67$39
44 years$595$355$203$113$61$35
45 years$575$339$191$104$56$31
46 years$557$323$179$96$50$28
47 years$539$308$169$89$46$25
48 years$521$294$158$82$42$22
49 years$505$281$149$76$38$20
50 years$489$269$140$70$34$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $501,000, adding $2,567 every year, while hoping to spend $53,688 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: 59/16/25 Blend
54$501,000$501,000$501,000$501,000
55$554,750$528,197$520,431$583,604
56$554,211$496,955$480,742$572,321
57$551,817$462,383$437,924$554,037
58$547,323$424,260$391,815$532,945
59$540,457$382,355$342,248$508,786
60$530,915$336,422$289,044$481,278
61$518,363$286,202$232,022$450,110
62$502,429$231,419$170,988$414,946
63$482,703$171,784$105,742$375,419
64$458,728$106,992$36,074$331,127
65$430,003$36,718$0$281,633
66$395,968$0$0$236,666
67$356,009$0$0$203,362
68$309,442$0$0$172,200
69$255,515$0$0$136,225
70$193,395$0$0$94,893
71$122,160$0$0$47,606
72$40,795$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0