Can I retire at age 55 with 285,000?

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 $285,000?

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$23,535$23,325$23,121$22,921$22,726$22,359
2 years$11,651$11,434$11,224$11,020$10,822$10,453
3 years$7,690$7,472$7,262$7,061$6,866$6,507
4 years$5,710$5,493$5,285$5,087$4,897$4,550
5 years$4,522$4,307$4,102$3,907$3,723$3,389
6 years$3,731$3,517$3,315$3,125$2,945$2,626
7 years$3,166$2,953$2,755$2,569$2,395$2,090
8 years$2,742$2,531$2,336$2,155$1,987$1,696
9 years$2,413$2,204$2,012$1,836$1,674$1,396
10 years$2,149$1,943$1,754$1,582$1,426$1,162
11 years$1,934$1,730$1,544$1,377$1,226$976
12 years$1,755$1,552$1,371$1,208$1,063$825
13 years$1,603$1,403$1,224$1,066$927$702
14 years$1,473$1,275$1,100$947$812$599
15 years$1,361$1,165$993$844$715$514
16 years$1,263$1,069$901$756$632$442
17 years$1,176$984$820$679$561$382
18 years$1,099$910$748$612$498$330
19 years$1,030$843$685$553$444$286
20 years$969$783$629$501$397$249
21 years$913$730$578$455$355$216
22 years$862$681$533$413$318$188
23 years$816$637$492$376$286$164
24 years$774$597$455$343$257$143
25 years$735$560$421$314$231$125
26 years$699$526$391$287$208$109
27 years$666$495$363$262$188$95
28 years$635$467$337$240$169$83
29 years$607$440$314$220$153$73
30 years$580$416$292$202$138$64
31 years$555$393$273$186$125$56
32 years$532$372$254$171$113$49
33 years$510$352$238$157$102$43
34 years$490$334$222$144$93$38
35 years$471$317$207$133$84$33
36 years$453$301$194$123$76$29
37 years$436$285$182$113$69$25
38 years$419$271$170$104$62$22
39 years$404$258$159$96$57$20
40 years$390$245$149$88$51$17
41 years$376$234$140$82$47$15
42 years$363$223$131$75$42$13
43 years$350$212$123$70$38$12
44 years$339$202$116$64$35$10
45 years$327$193$109$59$32$9
46 years$317$184$102$55$29$8
47 years$306$175$96$51$26$7
48 years$297$167$90$47$24$6
49 years$287$160$85$43$21$5
50 years$278$153$80$40$20$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $285,000, adding $2,107 every year, while hoping to spend $21,230 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: 29/50/21 Blend
54$285,000$285,000$285,000$285,000
55$316,243$301,138$296,721$323,278
56$325,912$293,306$284,072$321,028
57$335,855$284,377$270,289$316,574
58$346,078$274,278$255,309$311,338
59$356,586$262,926$239,071$305,265
60$367,386$250,238$221,508$298,297
61$378,482$236,122$202,551$290,374
62$389,879$220,483$182,128$281,432
63$401,581$203,222$160,164$271,403
64$413,593$184,230$136,580$260,216
65$425,918$163,396$111,294$247,795
66$438,559$140,600$84,220$234,060
67$451,520$115,717$55,269$218,927
68$464,801$88,614$24,347$202,306
69$478,405$59,150$0$184,103
70$492,332$27,178$0$166,157
71$506,581$0$0$152,373
72$521,151$0$0$141,304
73$536,038$0$0$145,267
74$551,237$0$0$149,304
75$566,744$0$0$153,414
76$582,549$0$0$157,592
77$598,644$0$0$161,835
78$615,016$0$0$166,139
79$631,649$0$0$170,497
80$648,528$0$0$174,903
81$665,630$0$0$179,349
82$682,931$0$0$183,827
83$700,404$0$0$188,326
84$718,015$0$0$192,836
85$735,726$0$0$197,342
86$753,495$0$0$201,831
87$771,272$0$0$206,285
88$789,002$0$0$210,684
89$806,620$0$0$215,009
90$824,056$0$0$219,233
91$841,227$0$0$223,331
92$858,043$0$0$227,272
93$874,401$0$0$231,021
94$890,186$0$0$234,540
95$905,269$0$0$237,787
96$919,505$0$0$240,714
97$932,733$0$0$243,267
98$944,773$0$0$245,388
99$955,423$0$0$247,011
100$964,459$0$0$248,061