Can I retire at age 55 with 504,000?

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 $504,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$41,620$41,249$40,887$40,534$40,190$38,595
2 years$20,604$20,220$19,848$19,488$19,138$17,551
3 years$13,599$13,214$12,843$12,486$12,142$10,613
4 years$10,098$9,714$9,347$8,995$8,660$7,200
5 years$7,998$7,616$7,253$6,909$6,583$5,197
6 years$6,598$6,219$5,862$5,525$5,209$3,897
7 years$5,598$5,223$4,871$4,543$4,236$2,997
8 years$4,849$4,477$4,131$3,811$3,514$2,348
9 years$4,267$3,898$3,558$3,246$2,960$1,864
10 years$3,801$3,436$3,102$2,798$2,522$1,494
11 years$3,420$3,059$2,731$2,435$2,169$1,207
12 years$3,103$2,745$2,424$2,136$1,879$981
13 years$2,835$2,481$2,165$1,886$1,639$801
14 years$2,605$2,255$1,946$1,674$1,437$657
15 years$2,407$2,060$1,757$1,493$1,265$540
16 years$2,233$1,890$1,593$1,337$1,118$445
17 years$2,080$1,741$1,449$1,201$991$368
18 years$1,944$1,608$1,323$1,082$881$304
19 years$1,822$1,491$1,211$978$786$252
20 years$1,713$1,385$1,112$886$702$209
21 years$1,614$1,290$1,022$804$628$174
22 years$1,525$1,204$942$731$563$144
23 years$1,443$1,126$870$666$505$120
24 years$1,368$1,055$805$607$454$100
25 years$1,299$990$745$554$409$83
26 years$1,236$931$691$507$368$69
27 years$1,178$876$642$464$332$58
28 years$1,123$826$597$425$299$48
29 years$1,073$779$555$390$270$40
30 years$1,026$735$517$358$244$33
31 years$982$695$482$329$221$28
32 years$941$658$450$302$200$23
33 years$903$623$420$278$181$19
34 years$866$590$392$256$164$16
35 years$832$560$367$235$148$13
36 years$800$532$343$217$134$11
37 years$770$505$321$200$122$9
38 years$742$480$301$184$110$8
39 years$715$456$282$170$100$6
40 years$689$434$264$156$91$5
41 years$665$413$248$144$82$5
42 years$642$394$232$133$75$4
43 years$620$375$218$123$68$3
44 years$599$357$205$114$62$3
45 years$579$341$192$105$56$2
46 years$560$325$181$97$51$2
47 years$542$310$170$89$46$2
48 years$524$296$159$83$42$1
49 years$508$283$150$76$38$1
50 years$492$270$141$71$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $504,000, adding $2,335 every year, while hoping to spend $37,265 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: 76/11/13 Blend
54$504,000$504,000$504,000$504,000
55$557,817$531,105$523,293$598,563
56$575,064$517,479$501,173$612,135
57$592,822$501,937$477,064$622,084
58$611,103$484,345$450,859$631,956
59$629,920$464,562$422,446$641,731
60$649,285$442,439$391,712$651,388
61$669,211$417,818$358,534$660,901
62$689,712$390,532$322,786$670,247
63$710,799$360,405$284,336$679,397
64$732,486$327,249$243,046$688,321
65$754,783$290,869$198,772$696,989
66$777,704$251,054$151,364$705,367
67$801,260$207,586$100,664$713,416
68$825,462$160,231$46,510$721,099
69$850,320$108,743$0$728,372
70$875,844$52,863$0$736,755
71$902,044$0$0$751,621
72$928,928$0$0$767,414
73$956,502$0$0$790,175
74$984,773$0$0$813,509
75$1,013,745$0$0$837,418
76$1,043,420$0$0$861,906
77$1,073,800$0$0$886,973
78$1,104,883$0$0$912,616
79$1,136,666$0$0$938,833
80$1,169,141$0$0$965,618
81$1,202,300$0$0$992,962
82$1,236,129$0$0$1,020,854
83$1,270,612$0$0$1,049,279
84$1,305,726$0$0$1,078,219
85$1,341,445$0$0$1,107,651
86$1,377,738$0$0$1,137,548
87$1,414,565$0$0$1,167,877
88$1,451,882$0$0$1,198,600
89$1,489,637$0$0$1,229,673
90$1,527,766$0$0$1,261,042
91$1,566,200$0$0$1,292,649
92$1,604,856$0$0$1,324,423
93$1,643,640$0$0$1,356,286
94$1,682,445$0$0$1,388,147
95$1,721,150$0$0$1,419,903
96$1,759,616$0$0$1,451,439
97$1,797,688$0$0$1,482,623
98$1,835,188$0$0$1,513,307
99$1,871,919$0$0$1,543,323
100$1,907,657$0$0$1,572,484