Can I retire at age 55 with 280,000?

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 $280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$23,122$22,916$22,715$22,519$22,328$21,788
2 years$11,447$11,233$11,027$10,826$10,632$10,092
3 years$7,555$7,341$7,135$6,937$6,745$6,221
4 years$5,610$5,397$5,193$4,997$4,811$4,307
5 years$4,443$4,231$4,030$3,839$3,657$3,174
6 years$3,665$3,455$3,257$3,070$2,894$2,433
7 years$3,110$2,901$2,706$2,524$2,353$1,915
8 years$2,694$2,487$2,295$2,117$1,952$1,536
9 years$2,370$2,165$1,977$1,803$1,644$1,249
10 years$2,112$1,909$1,723$1,554$1,401$1,027
11 years$1,900$1,699$1,517$1,353$1,205$851
12 years$1,724$1,525$1,346$1,187$1,044$711
13 years$1,575$1,378$1,203$1,048$910$596
14 years$1,447$1,253$1,081$930$798$503
15 years$1,337$1,144$976$829$703$425
16 years$1,241$1,050$885$743$621$361
17 years$1,155$967$805$667$551$307
18 years$1,080$894$735$601$490$262
19 years$1,012$828$673$543$436$223
20 years$952$770$618$492$390$191
21 years$897$717$568$447$349$164
22 years$847$669$523$406$313$140
23 years$802$626$483$370$281$120
24 years$760$586$447$337$252$103
25 years$722$550$414$308$227$89
26 years$687$517$384$282$204$76
27 years$654$487$357$258$184$66
28 years$624$459$331$236$166$57
29 years$596$433$308$217$150$49
30 years$570$409$287$199$136$42
31 years$546$386$268$183$123$36
32 years$523$365$250$168$111$31
33 years$501$346$233$154$100$27
34 years$481$328$218$142$91$23
35 years$462$311$204$131$82$20
36 years$445$295$191$120$75$17
37 years$428$280$178$111$68$15
38 years$412$267$167$102$61$13
39 years$397$253$157$94$56$11
40 years$383$241$147$87$50$9
41 years$369$230$138$80$46$8
42 years$356$219$129$74$42$7
43 years$344$208$121$68$38$6
44 years$333$199$114$63$34$5
45 years$322$189$107$58$31$5
46 years$311$181$100$54$28$4
47 years$301$172$94$50$26$3
48 years$291$165$89$46$23$3
49 years$282$157$83$42$21$3
50 years$273$150$78$39$19$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $280,000, adding $2,171 every year, while hoping to spend $22,479 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: 63/13/24 Blend
54$280,000$280,000$280,000$280,000
55$310,799$295,959$291,619$328,293
56$318,583$286,544$277,471$330,961
57$326,408$275,914$262,096$331,189
58$334,254$263,985$245,428$330,937
59$342,098$250,671$227,400$330,158
60$349,915$235,877$207,941$328,807
61$357,677$219,506$186,978$326,830
62$365,351$201,453$164,433$324,173
63$372,900$181,607$140,224$320,775
64$380,284$159,853$114,269$316,570
65$387,454$136,068$86,479$311,487
66$394,360$110,121$56,762$305,451
67$400,943$81,875$25,022$298,377
68$407,138$51,186$0$290,177
69$412,872$17,899$0$283,019
70$418,063$0$0$281,516
71$422,620$0$0$281,764
72$426,443$0$0$284,051
73$429,418$0$0$285,738
74$431,420$0$0$286,738
75$432,310$0$0$286,953
76$431,932$0$0$286,276
77$430,115$0$0$284,586
78$426,667$0$0$281,750
79$421,377$0$0$277,622
80$414,010$0$0$272,037
81$404,306$0$0$264,815
82$391,976$0$0$255,755
83$376,701$0$0$244,634
84$358,127$0$0$231,207
85$335,863$0$0$215,201
86$309,477$0$0$196,316
87$278,488$0$0$174,218
88$242,369$0$0$148,539
89$200,532$0$0$118,872
90$152,332$0$0$84,768
91$97,053$0$0$45,728
92$33,904$0$0$1,205
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0