Can I retire at age 55 with 513,000?

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 $513,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$42,363$41,986$41,618$41,258$40,907$39,854
2 years$20,972$20,581$20,203$19,836$19,480$18,425
3 years$13,842$13,450$13,072$12,709$12,359$11,336
4 years$10,278$9,887$9,513$9,156$8,814$7,832
5 years$8,140$7,752$7,383$7,033$6,701$5,761
6 years$6,716$6,330$5,966$5,624$5,302$4,406
7 years$5,698$5,316$4,958$4,624$4,312$3,459
8 years$4,936$4,557$4,205$3,879$3,577$2,768
9 years$4,343$3,967$3,622$3,304$3,012$2,246
10 years$3,869$3,497$3,157$2,848$2,567$1,842
11 years$3,481$3,113$2,780$2,479$2,207$1,523
12 years$3,159$2,794$2,467$2,174$1,913$1,268
13 years$2,886$2,525$2,204$1,919$1,668$1,061
14 years$2,652$2,295$1,980$1,704$1,462$892
15 years$2,450$2,097$1,788$1,520$1,288$753
16 years$2,273$1,924$1,621$1,361$1,138$637
17 years$2,117$1,772$1,475$1,222$1,009$540
18 years$1,978$1,637$1,347$1,102$897$459
19 years$1,855$1,517$1,233$995$800$391
20 years$1,744$1,410$1,131$902$714$333
21 years$1,643$1,313$1,041$818$639$285
22 years$1,552$1,226$959$744$573$243
23 years$1,469$1,147$886$678$514$208
24 years$1,393$1,074$819$618$462$178
25 years$1,323$1,008$759$564$416$152
26 years$1,258$948$704$516$375$131
27 years$1,199$892$653$472$338$112
28 years$1,143$840$607$433$305$96
29 years$1,092$793$565$397$275$82
30 years$1,044$749$526$364$249$71
31 years$1,000$708$491$334$225$61
32 years$958$670$458$307$203$52
33 years$919$634$428$283$184$45
34 years$882$601$399$260$167$39
35 years$847$570$373$239$151$33
36 years$815$541$349$221$137$28
37 years$784$514$327$203$124$24
38 years$755$488$306$187$112$21
39 years$727$464$287$173$102$18
40 years$701$442$269$159$92$16
41 years$677$421$252$147$84$13
42 years$653$401$237$136$76$11
43 years$631$382$222$125$69$10
44 years$610$364$208$116$63$8
45 years$589$347$196$107$57$7
46 years$570$331$184$99$52$6
47 years$551$316$173$91$47$5
48 years$534$301$162$84$43$5
49 years$517$288$152$78$39$4
50 years$501$275$143$72$35$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $513,000, adding $6,633 every year, while hoping to spend $30,861 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: 38/32/30 Blend
54$513,000$513,000$513,000$513,000
55$572,168$544,979$537,027$588,604
56$597,693$538,847$522,182$595,190
57$624,788$531,380$505,805$599,019
58$653,579$522,481$487,812$602,578
59$684,206$512,045$468,116$605,865
60$716,823$499,962$446,625$608,877
61$751,595$486,117$423,244$611,617
62$788,706$470,385$397,871$614,088
63$828,356$452,636$370,402$616,298
64$870,766$432,733$340,728$618,258
65$916,176$410,528$308,734$619,986
66$964,851$385,869$274,301$621,504
67$1,017,079$358,590$237,304$622,838
68$1,073,181$328,521$197,613$624,025
69$1,133,504$295,477$155,092$625,107
70$1,198,431$259,265$109,598$626,135
71$1,268,385$219,683$60,983$627,172
72$1,343,827$176,515$9,093$628,291
73$1,425,266$129,532$0$629,578
74$1,513,258$78,494$0$645,950
75$1,608,419$23,148$0$666,777
76$1,711,421$0$0$689,337
77$1,823,006$0$0$726,795
78$1,943,988$0$0$776,305
79$2,075,265$0$0$830,089
80$2,217,821$0$0$888,559
81$2,372,740$0$0$952,167
82$2,541,216$0$0$1,021,413
83$2,724,559$0$0$1,096,843
84$2,924,213$0$0$1,179,061
85$3,141,768$0$0$1,268,732
86$3,378,970$0$0$1,366,585
87$3,637,745$0$0$1,473,425
88$3,920,209$0$0$1,590,137
89$4,228,694$0$0$1,717,696
90$4,565,766$0$0$1,857,176
91$4,934,251$0$0$2,009,757
92$5,337,258$0$0$2,176,740
93$5,778,213$0$0$2,359,558
94$6,260,887$0$0$2,559,789
95$6,789,433$0$0$2,779,169
96$7,368,423$0$0$3,019,612
97$8,002,894$0$0$3,283,224
98$8,698,393$0$0$3,572,327
99$9,461,026$0$0$3,889,476
100$10,297,524$0$0$4,237,486