Can I retire at age 55 with 510,000?

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 $510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$42,115$41,740$41,374$41,017$40,668$40,294
2 years$20,849$20,461$20,085$19,720$19,366$18,989
3 years$13,761$13,371$12,996$12,635$12,286$11,918
4 years$10,218$9,829$9,458$9,103$8,763$8,406
5 years$8,093$7,706$7,340$6,992$6,661$6,317
6 years$6,676$6,293$5,932$5,591$5,271$4,940
7 years$5,665$5,285$4,929$4,597$4,287$3,969
8 years$4,907$4,530$4,180$3,856$3,556$3,252
9 years$4,317$3,944$3,600$3,285$2,995$2,704
10 years$3,846$3,477$3,139$2,831$2,552$2,274
11 years$3,461$3,095$2,764$2,464$2,195$1,930
12 years$3,140$2,778$2,453$2,161$1,902$1,649
13 years$2,869$2,510$2,191$1,908$1,658$1,418
14 years$2,637$2,282$1,969$1,694$1,454$1,226
15 years$2,435$2,085$1,778$1,511$1,280$1,064
16 years$2,259$1,913$1,612$1,353$1,131$926
17 years$2,104$1,761$1,466$1,215$1,003$809
18 years$1,967$1,628$1,339$1,095$892$708
19 years$1,844$1,508$1,226$990$795$621
20 years$1,733$1,402$1,125$896$710$546
21 years$1,633$1,306$1,035$813$635$481
22 years$1,543$1,219$953$740$570$424
23 years$1,460$1,140$880$674$511$375
24 years$1,384$1,068$814$614$460$331
25 years$1,315$1,002$754$561$414$293
26 years$1,251$942$699$513$372$259
27 years$1,192$887$649$470$336$230
28 years$1,137$835$604$430$303$204
29 years$1,086$788$562$395$274$181
30 years$1,038$744$523$362$247$161
31 years$994$704$488$333$224$143
32 years$952$666$455$306$202$127
33 years$913$630$425$281$183$113
34 years$877$598$397$259$166$100
35 years$842$567$371$238$150$89
36 years$810$538$347$219$136$79
37 years$779$511$325$202$123$70
38 years$751$486$304$186$112$63
39 years$723$462$285$172$101$56
40 years$697$439$267$158$92$50
41 years$673$418$251$146$83$44
42 years$649$398$235$135$76$39
43 years$627$379$221$124$69$35
44 years$606$362$207$115$62$31
45 years$586$345$194$106$57$28
46 years$567$329$183$98$51$25
47 years$548$314$172$91$47$22
48 years$531$300$161$84$42$20
49 years$514$286$152$77$38$18
50 years$498$273$143$71$35$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $510,000, adding $4,093 every year, while hoping to spend $24,107 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: 69/15/16 Blend
54$510,000$510,000$510,000$510,000
55$566,242$539,212$531,307$602,910
56$598,349$539,984$523,456$628,629
57$632,923$539,985$514,534$653,510
58$670,190$539,153$504,480$680,123
59$710,399$537,421$493,229$708,636
60$753,822$534,717$480,715$739,233
61$800,760$530,966$466,867$772,119
62$851,541$526,088$451,611$807,521
63$906,530$519,998$434,872$845,687
64$966,123$512,605$416,567$886,894
65$1,030,760$503,814$396,614$931,446
66$1,100,921$493,525$374,924$979,678
67$1,177,137$481,630$351,406$1,031,962
68$1,259,990$468,015$325,964$1,088,707
69$1,350,122$452,561$298,497$1,150,365
70$1,448,239$435,140$268,900$1,217,436
71$1,555,116$415,619$237,065$1,290,471
72$1,671,608$393,855$202,877$1,370,078
73$1,798,655$369,697$166,217$1,456,929
74$1,937,292$342,986$126,959$1,551,765
75$2,088,658$313,554$84,974$1,655,405
76$2,254,007$281,224$40,127$1,768,751
77$2,434,719$245,808$0$1,892,799
78$2,632,314$207,106$0$2,029,972
79$2,848,465$164,909$0$2,187,558
80$3,085,015$118,996$0$2,360,065
81$3,343,991$69,132$0$2,549,000
82$3,627,630$15,071$0$2,756,022
83$3,938,389$0$0$2,982,961
84$4,278,980$0$0$3,239,004
85$4,652,385$0$0$3,522,473
86$5,061,892$0$0$3,833,377
87$5,511,119$0$0$4,174,470
88$6,004,055$0$0$4,548,782
89$6,545,090$0$0$4,959,652
90$7,139,063$0$0$5,410,758
91$7,791,301$0$0$5,906,152
92$8,507,676$0$0$6,450,295
93$9,294,653$0$0$7,048,105
94$10,159,356$0$0$7,704,999
95$11,109,634$0$0$8,426,941
96$12,154,131$0$0$9,220,507
97$13,302,374$0$0$10,092,939
98$14,564,855$0$0$11,052,214
99$15,953,138$0$0$12,107,124
100$17,479,959$0$0$13,267,354