Can I retire at age 55 with 287,000?

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 $287,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$23,700$23,489$23,283$23,082$22,886$22,694
2 years$11,733$11,514$11,302$11,097$10,898$10,705
3 years$7,744$7,525$7,313$7,110$6,914$6,725
4 years$5,750$5,531$5,322$5,122$4,931$4,748
5 years$4,554$4,337$4,130$3,934$3,749$3,572
6 years$3,757$3,541$3,338$3,146$2,966$2,796
7 years$3,188$2,974$2,774$2,587$2,412$2,249
8 years$2,761$2,549$2,352$2,170$2,001$1,845
9 years$2,430$2,220$2,026$1,848$1,685$1,536
10 years$2,164$1,956$1,766$1,593$1,436$1,293
11 years$1,948$1,742$1,555$1,387$1,235$1,099
12 years$1,767$1,563$1,380$1,216$1,070$940
13 years$1,614$1,413$1,233$1,074$933$810
14 years$1,484$1,284$1,108$953$818$701
15 years$1,370$1,173$1,000$850$720$609
16 years$1,272$1,076$907$761$637$531
17 years$1,184$991$825$684$564$464
18 years$1,107$916$753$616$502$407
19 years$1,038$849$690$557$447$358
20 years$975$789$633$504$400$315
21 years$919$735$582$458$358$278
22 years$868$686$537$416$321$245
23 years$822$641$495$379$288$217
24 years$779$601$458$346$259$192
25 years$740$564$424$316$233$170
26 years$704$530$394$289$210$151
27 years$671$499$365$264$189$134
28 years$640$470$340$242$171$119
29 years$611$443$316$222$154$106
30 years$584$419$295$204$139$94
31 years$559$396$275$187$126$84
32 years$536$375$256$172$114$74
33 years$514$355$239$158$103$66
34 years$493$336$223$146$93$59
35 years$474$319$209$134$84$53
36 years$456$303$195$123$77$47
37 years$439$287$183$114$69$42
38 years$422$273$171$105$63$37
39 years$407$260$161$97$57$33
40 years$392$247$150$89$52$30
41 years$379$235$141$82$47$26
42 years$365$224$132$76$43$24
43 years$353$214$124$70$39$21
44 years$341$204$117$65$35$19
45 years$330$194$109$60$32$17
46 years$319$185$103$55$29$15
47 years$309$177$97$51$26$13
48 years$299$169$91$47$24$12
49 years$289$161$85$44$22$11
50 years$280$154$80$40$20$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $287,000, adding $3,178 every year, while hoping to spend $21,505 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: 54/21/25 Blend
54$287,000$287,000$287,000$287,000
55$319,552$304,341$299,893$334,445
56$329,265$296,373$287,058$337,083
57$339,248$287,293$273,072$337,463
58$349,506$277,025$257,875$337,434
59$360,044$265,487$241,402$336,963
60$370,865$252,593$223,585$336,017
61$381,974$238,250$204,356$334,560
62$393,374$222,364$183,641$332,554
63$405,070$204,830$161,364$329,960
64$417,062$185,543$137,445$326,733
65$429,354$164,386$111,801$322,830
66$441,947$141,240$84,345$318,201
67$454,842$115,976$54,987$312,796
68$468,038$88,462$23,631$306,561
69$481,534$58,553$0$299,438
70$495,329$26,100$0$293,988
71$509,417$0$0$294,422
72$523,795$0$0$296,482
73$538,456$0$0$304,727
74$553,391$0$0$313,120
75$568,590$0$0$321,655
76$584,040$0$0$330,322
77$599,725$0$0$339,114
78$615,628$0$0$348,018
79$631,727$0$0$357,020
80$647,997$0$0$366,107
81$664,410$0$0$375,259
82$680,932$0$0$384,458
83$697,524$0$0$393,678
84$714,144$0$0$402,894
85$730,742$0$0$412,075
86$747,261$0$0$421,188
87$763,637$0$0$430,193
88$779,798$0$0$439,047
89$795,663$0$0$447,700
90$811,141$0$0$456,099
91$826,129$0$0$464,180
92$840,511$0$0$471,874
93$854,159$0$0$479,105
94$866,929$0$0$485,784
95$878,659$0$0$491,816
96$889,169$0$0$497,092
97$898,259$0$0$501,493
98$905,706$0$0$504,883
99$911,261$0$0$507,115
100$914,648$0$0$508,023