Can I retire at age 55 with 531,000?

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 $531,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$43,849$43,459$43,078$42,706$42,343$41,185
2 years$21,708$21,303$20,912$20,532$20,163$19,006
3 years$14,328$13,922$13,531$13,155$12,792$11,671
4 years$10,639$10,234$9,847$9,477$9,124$8,047
5 years$8,426$8,024$7,642$7,279$6,936$5,906
6 years$6,951$6,552$6,176$5,821$5,488$4,507
7 years$5,898$5,502$5,132$4,786$4,463$3,531
8 years$5,109$4,716$4,352$4,015$3,703$2,819
9 years$4,495$4,107$3,749$3,420$3,118$2,282
10 years$4,005$3,620$3,268$2,948$2,657$1,866
11 years$3,603$3,222$2,877$2,566$2,285$1,540
12 years$3,269$2,892$2,554$2,250$1,980$1,278
13 years$2,987$2,614$2,281$1,987$1,727$1,067
14 years$2,745$2,376$2,050$1,764$1,514$894
15 years$2,536$2,170$1,851$1,573$1,333$752
16 years$2,353$1,991$1,678$1,408$1,178$635
17 years$2,191$1,834$1,527$1,265$1,044$537
18 years$2,048$1,695$1,394$1,140$929$455
19 years$1,920$1,571$1,276$1,030$828$386
20 years$1,805$1,459$1,171$933$739$328
21 years$1,701$1,359$1,077$847$662$279
22 years$1,606$1,269$993$770$593$238
23 years$1,520$1,187$917$701$532$203
24 years$1,441$1,112$848$640$478$173
25 years$1,369$1,044$785$584$431$148
26 years$1,302$981$728$534$388$126
27 years$1,241$923$676$489$350$108
28 years$1,183$870$629$448$315$92
29 years$1,130$821$585$411$285$79
30 years$1,081$775$545$377$257$68
31 years$1,035$733$508$346$233$58
32 years$991$693$474$318$211$49
33 years$951$656$443$293$191$42
34 years$913$622$413$269$172$36
35 years$877$590$387$248$156$31
36 years$843$560$362$228$142$27
37 years$812$532$338$210$128$23
38 years$781$506$317$194$116$19
39 years$753$481$297$179$105$17
40 years$726$457$278$165$96$14
41 years$700$435$261$152$87$12
42 years$676$415$245$140$79$10
43 years$653$395$230$130$71$9
44 years$631$377$216$120$65$8
45 years$610$359$202$110$59$7
46 years$590$343$190$102$53$6
47 years$571$327$179$94$49$5
48 years$553$312$168$87$44$4
49 years$535$298$158$81$40$4
50 years$518$285$148$74$36$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $531,000, adding $5,174 every year, while hoping to spend $40,305 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: 76/14/10 Blend
54$531,000$531,000$531,000$531,000
55$590,499$562,356$554,125$633,943
56$607,846$547,027$529,804$647,937
57$625,611$529,596$503,318$657,637
58$643,795$509,918$474,551$667,125
59$662,396$487,838$443,382$676,367
60$681,412$463,194$409,687$685,321
61$700,838$435,813$373,334$693,947
62$720,669$405,513$334,186$702,198
63$740,895$372,101$292,099$710,024
64$761,506$335,373$246,924$717,370
65$782,488$295,115$198,504$724,178
66$803,824$251,098$146,676$730,384
67$825,494$203,082$91,270$735,917
68$847,475$150,813$32,108$740,702
69$869,737$94,023$0$744,658
70$892,249$32,429$0$751,005
71$914,972$0$0$760,208
72$937,861$0$0$774,033
73$960,867$0$0$792,940
74$983,930$0$0$811,884
75$1,006,985$0$0$830,809
76$1,029,956$0$0$849,653
77$1,052,759$0$0$868,342
78$1,075,297$0$0$886,797
79$1,097,460$0$0$904,925
80$1,119,128$0$0$922,625
81$1,140,162$0$0$939,779
82$1,160,409$0$0$956,259
83$1,179,695$0$0$971,920
84$1,197,828$0$0$986,600
85$1,214,590$0$0$1,000,116
86$1,229,742$0$0$1,012,266
87$1,243,014$0$0$1,022,825
88$1,254,107$0$0$1,031,542
89$1,262,687$0$0$1,038,136
90$1,268,383$0$0$1,042,296
91$1,270,783$0$0$1,043,675
92$1,269,427$0$0$1,041,890
93$1,263,808$0$0$1,036,513
94$1,253,359$0$0$1,027,071
95$1,237,456$0$0$1,013,038
96$1,215,401$0$0$993,831
97$1,186,427$0$0$968,806
98$1,149,680$0$0$937,246
99$1,104,215$0$0$898,361
100$1,048,986$0$0$851,273