Can I retire at age 55 with 503,000?

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 $503,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$41,537$41,167$40,806$40,454$40,110$39,332
2 years$20,563$20,180$19,809$19,449$19,100$18,320
3 years$13,572$13,188$12,818$12,461$12,118$11,359
4 years$10,078$9,694$9,328$8,978$8,643$7,911
5 years$7,982$7,601$7,239$6,896$6,570$5,868
6 years$6,585$6,206$5,850$5,514$5,199$4,527
7 years$5,587$5,212$4,861$4,534$4,228$3,587
8 years$4,839$4,468$4,123$3,803$3,507$2,897
9 years$4,258$3,890$3,551$3,240$2,954$2,373
10 years$3,793$3,429$3,096$2,793$2,517$1,966
11 years$3,413$3,053$2,726$2,430$2,164$1,642
12 years$3,097$2,740$2,419$2,132$1,876$1,382
13 years$2,829$2,476$2,161$1,882$1,636$1,169
14 years$2,600$2,251$1,942$1,671$1,434$993
15 years$2,402$2,056$1,753$1,490$1,262$847
16 years$2,228$1,886$1,589$1,334$1,116$725
17 years$2,076$1,737$1,446$1,199$989$622
18 years$1,940$1,605$1,320$1,080$880$535
19 years$1,819$1,488$1,209$976$784$461
20 years$1,710$1,382$1,109$884$700$398
21 years$1,611$1,288$1,020$802$627$344
22 years$1,522$1,202$940$729$562$297
23 years$1,440$1,124$868$664$504$258
24 years$1,365$1,053$803$606$453$223
25 years$1,297$989$744$553$408$194
26 years$1,234$929$690$506$367$168
27 years$1,175$874$641$463$331$146
28 years$1,121$824$595$424$299$127
29 years$1,071$777$554$389$270$110
30 years$1,024$734$516$357$244$96
31 years$980$694$481$328$220$84
32 years$939$657$449$301$199$73
33 years$901$622$419$277$180$63
34 years$865$589$392$255$163$55
35 years$831$559$366$235$148$48
36 years$799$531$343$216$134$42
37 years$769$504$321$199$122$36
38 years$740$479$300$184$110$32
39 years$713$455$281$169$100$28
40 years$688$433$264$156$91$24
41 years$663$412$247$144$82$21
42 years$640$393$232$133$75$18
43 years$618$374$218$123$68$16
44 years$598$357$204$113$61$14
45 years$578$340$192$105$56$12
46 years$559$324$180$97$51$11
47 years$541$310$169$89$46$9
48 years$523$296$159$83$42$8
49 years$507$282$149$76$38$7
50 years$491$270$141$71$34$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $503,000, adding $3,140 every year, while hoping to spend $38,132 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: 48/29/23 Blend
54$503,000$503,000$503,000$503,000
55$557,545$530,886$523,089$580,531
56$573,842$516,327$500,041$582,349
57$590,524$499,777$474,942$580,263
58$607,589$481,098$447,684$577,221
59$625,035$460,143$418,153$573,152
60$642,858$436,759$386,230$567,977
61$661,051$410,783$351,791$561,614
62$679,608$382,041$314,706$553,977
63$698,519$350,351$274,839$544,972
64$717,770$315,521$232,049$534,501
65$737,348$277,346$186,187$522,458
66$757,232$235,612$137,100$508,731
67$777,402$190,089$84,625$493,202
68$797,832$140,538$28,595$475,744
69$818,492$86,705$0$456,221
70$839,346$28,321$0$442,147
71$860,354$0$0$433,699
72$881,470$0$0$434,872
73$902,640$0$0$445,082
74$923,805$0$0$455,257
75$944,895$0$0$465,361
76$965,833$0$0$475,351
77$986,529$0$0$485,179
78$1,006,885$0$0$494,792
79$1,026,790$0$0$504,129
80$1,046,116$0$0$513,124
81$1,064,723$0$0$521,699
82$1,082,454$0$0$529,770
83$1,099,130$0$0$537,243
84$1,114,554$0$0$544,011
85$1,128,507$0$0$549,957
86$1,140,740$0$0$554,948
87$1,150,981$0$0$558,839
88$1,158,925$0$0$561,466
89$1,164,230$0$0$562,648
90$1,166,520$0$0$562,185
91$1,165,375$0$0$559,851
92$1,160,330$0$0$555,399
93$1,150,866$0$0$548,555
94$1,136,411$0$0$539,012
95$1,116,328$0$0$526,433
96$1,089,913$0$0$510,443
97$1,056,385$0$0$490,626
98$1,014,878$0$0$466,524
99$964,437$0$0$437,628
100$904,001$0$0$403,375