Can I retire at age 55 with 507,000?

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 $507,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$41,868$41,495$41,131$40,776$40,429$39,564
2 years$20,727$20,341$19,966$19,604$19,252$18,385
3 years$13,680$13,293$12,920$12,560$12,214$11,372
4 years$10,158$9,772$9,402$9,049$8,711$7,900
5 years$8,045$7,661$7,296$6,950$6,622$5,845
6 years$6,637$6,256$5,897$5,558$5,240$4,497
7 years$5,632$5,254$4,900$4,570$4,261$3,553
8 years$4,878$4,503$4,156$3,834$3,535$2,861
9 years$4,292$3,921$3,579$3,265$2,977$2,337
10 years$3,824$3,456$3,121$2,815$2,537$1,930
11 years$3,441$3,077$2,747$2,450$2,182$1,607
12 years$3,122$2,762$2,438$2,149$1,891$1,347
13 years$2,852$2,496$2,178$1,897$1,649$1,136
14 years$2,621$2,268$1,957$1,684$1,445$962
15 years$2,421$2,072$1,767$1,502$1,272$818
16 years$2,246$1,901$1,602$1,345$1,125$698
17 years$2,092$1,751$1,458$1,208$997$596
18 years$1,955$1,618$1,331$1,089$887$511
19 years$1,833$1,500$1,218$984$790$439
20 years$1,723$1,393$1,118$891$706$377
21 years$1,624$1,298$1,028$809$632$325
22 years$1,534$1,212$948$735$566$280
23 years$1,451$1,133$875$670$508$241
24 years$1,376$1,062$809$611$457$208
25 years$1,307$996$750$558$411$180
26 years$1,243$936$695$510$370$156
27 years$1,185$881$646$467$334$135
28 years$1,130$830$600$428$301$117
29 years$1,079$783$559$392$272$101
30 years$1,032$740$520$360$246$87
31 years$988$699$485$331$222$76
32 years$947$662$453$304$201$66
33 years$908$627$423$279$182$57
34 years$872$594$395$257$165$49
35 years$837$563$369$237$149$43
36 years$805$535$345$218$135$37
37 years$775$508$323$201$122$32
38 years$746$483$303$185$111$28
39 years$719$459$284$171$101$24
40 years$693$437$266$157$91$21
41 years$669$416$249$145$83$18
42 years$645$396$234$134$75$16
43 years$623$377$219$124$68$14
44 years$602$360$206$114$62$12
45 years$582$343$193$105$56$10
46 years$563$327$182$97$51$9
47 years$545$312$171$90$46$8
48 years$528$298$160$83$42$7
49 years$511$285$151$77$38$6
50 years$495$272$142$71$35$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $507,000, adding $6,989 every year, while hoping to spend $26,181 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: 33/38/29 Blend
54$507,000$507,000$507,000$507,000
55$565,923$539,052$531,194$579,440
56$595,791$537,609$521,132$588,885
57$627,828$535,218$509,856$596,258
58$662,227$531,805$497,298$603,699
59$699,202$527,291$483,384$611,233
60$738,985$521,593$468,042$618,891
61$781,832$514,622$451,193$626,705
62$828,025$506,284$432,754$634,718
63$877,873$496,482$412,640$642,975
64$931,716$485,108$390,763$651,532
65$989,925$472,053$367,028$660,453
66$1,052,912$457,198$341,338$669,810
67$1,121,127$440,419$313,591$679,686
68$1,195,066$421,584$283,680$690,178
69$1,275,273$400,552$251,494$701,395
70$1,362,349$377,176$216,917$713,461
71$1,456,951$351,301$179,826$726,517
72$1,559,806$322,760$140,096$740,723
73$1,671,710$291,380$97,594$756,260
74$1,793,543$256,975$52,181$773,333
75$1,926,268$219,351$3,713$792,170
76$2,070,950$178,302$0$813,033
77$2,228,758$133,610$0$851,068
78$2,400,979$85,044$0$893,939
79$2,589,030$32,363$0$940,913
80$2,794,472$0$0$992,456
81$3,019,022$0$0$1,059,408
82$3,264,571$0$0$1,147,492
83$3,533,201$0$0$1,243,931
84$3,827,203$0$0$1,349,558
85$4,149,103$0$0$1,465,289
86$4,501,680$0$0$1,592,135
87$4,887,994$0$0$1,731,206
88$5,311,417$0$0$1,883,728
89$5,775,663$0$0$2,051,049
90$6,284,819$0$0$2,234,655
91$6,843,391$0$0$2,436,182
92$7,456,339$0$0$2,657,434
93$8,129,128$0$0$2,900,395
94$8,867,776$0$0$3,167,253
95$9,678,916$0$0$3,460,417
96$10,569,850$0$0$3,782,543
97$11,548,626$0$0$4,136,554
98$12,624,107$0$0$4,525,672
99$13,806,060$0$0$4,953,446
100$15,105,242$0$0$5,423,788