Can I retire at age 55 with 521,000?

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 $521,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$43,024$42,640$42,267$41,902$41,545$40,874
2 years$21,299$20,902$20,518$20,145$19,783$19,109
3 years$14,058$13,660$13,276$12,907$12,551$11,895
4 years$10,439$10,041$9,662$9,299$8,952$8,318
5 years$8,267$7,873$7,498$7,142$6,805$6,196
6 years$6,820$6,429$6,059$5,712$5,385$4,801
7 years$5,787$5,399$5,035$4,696$4,379$3,821
8 years$5,013$4,628$4,270$3,939$3,633$3,100
9 years$4,411$4,029$3,678$3,355$3,059$2,552
10 years$3,929$3,552$3,207$2,892$2,607$2,124
11 years$3,536$3,162$2,823$2,517$2,242$1,783
12 years$3,208$2,838$2,505$2,208$1,943$1,508
13 years$2,931$2,565$2,238$1,949$1,694$1,282
14 years$2,693$2,331$2,011$1,730$1,485$1,096
15 years$2,488$2,130$1,816$1,543$1,308$940
16 years$2,308$1,954$1,646$1,382$1,156$809
17 years$2,150$1,799$1,498$1,242$1,025$698
18 years$2,009$1,663$1,368$1,119$911$604
19 years$1,884$1,541$1,252$1,011$812$523
20 years$1,771$1,432$1,149$916$725$454
21 years$1,669$1,334$1,057$831$649$395
22 years$1,576$1,245$974$756$582$344
23 years$1,492$1,164$899$688$522$300
24 years$1,414$1,091$832$628$469$261
25 years$1,343$1,024$770$573$422$228
26 years$1,278$962$714$524$381$199
27 years$1,217$906$663$480$343$174
28 years$1,161$853$617$440$310$153
29 years$1,109$805$574$403$280$133
30 years$1,061$760$535$370$253$117
31 years$1,015$719$498$340$228$102
32 years$973$680$465$312$207$90
33 years$933$644$434$287$187$79
34 years$896$610$406$264$169$69
35 years$861$579$379$243$153$60
36 years$827$550$355$224$139$53
37 years$796$522$332$206$126$46
38 years$767$496$311$190$114$41
39 years$739$472$291$175$103$36
40 years$712$449$273$162$94$31
41 years$687$427$256$149$85$27
42 years$663$407$240$138$77$24
43 years$641$388$225$127$70$21
44 years$619$369$212$117$64$19
45 years$598$352$199$108$58$16
46 years$579$336$187$100$52$14
47 years$560$321$175$93$48$13
48 years$542$306$165$85$43$11
49 years$525$292$155$79$39$10
50 years$509$279$146$73$36$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $521,000, adding $2,973 every year, while hoping to spend $21,738 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: 79/16/5 Blend
54$521,000$521,000$521,000$521,000
55$577,209$549,596$541,520$622,457
56$612,955$553,397$536,532$656,317
57$651,619$556,656$530,648$690,286
58$693,475$559,323$523,816$726,887
59$738,825$561,345$515,979$766,372
60$788,001$562,667$507,081$809,018
61$841,368$563,229$497,059$855,130
62$899,328$562,968$485,851$905,042
63$962,323$561,816$473,390$959,126
64$1,030,837$559,703$459,606$1,017,788
65$1,105,407$556,552$444,427$1,081,477
66$1,186,619$552,284$427,776$1,150,689
67$1,275,121$546,813$409,574$1,225,968
68$1,371,626$540,050$389,737$1,307,915
69$1,476,918$531,898$368,179$1,397,193
70$1,591,858$522,256$344,808$1,494,530
71$1,717,398$511,017$319,530$1,600,732
72$1,854,583$498,067$292,244$1,716,683
73$2,004,565$483,286$262,848$1,843,362
74$2,168,609$466,546$231,233$1,981,844
75$2,348,114$447,713$197,285$2,133,316
76$2,544,614$426,643$160,887$2,299,086
77$2,759,802$403,187$121,914$2,480,596
78$2,995,543$377,183$80,239$2,679,435
79$3,253,887$348,464$35,726$2,897,354
80$3,537,096$316,851$0$3,136,284
81$3,847,658$282,156$0$3,398,981
82$4,188,316$244,178$0$3,689,237
83$4,562,089$202,708$0$4,007,739
84$4,972,304$157,522$0$4,357,344
85$5,422,624$108,386$0$4,741,204
86$5,917,086$55,051$0$5,162,790
87$6,460,136$0$0$5,625,929
88$7,056,672$0$0$6,135,322
89$7,712,088$0$0$6,705,660
90$8,432,330$0$0$7,332,425
91$9,223,945$0$0$8,021,319
92$10,094,147$0$0$8,778,620
93$11,050,885$0$0$9,611,249
94$12,102,915$0$0$10,526,828
95$13,259,884$0$0$11,533,756
96$14,532,422$0$0$12,641,287
97$15,932,240$0$0$13,859,614
98$17,472,241$0$0$15,199,972
99$19,166,642$0$0$16,674,736
100$21,031,107$0$0$18,297,545