Can I retire at age 55 with 307,000?

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 $307,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$25,352$25,126$24,906$24,691$24,481$24,296
2 years$12,550$12,317$12,090$11,870$11,657$11,471
3 years$8,284$8,049$7,823$7,606$7,396$7,214
4 years$6,151$5,917$5,693$5,479$5,275$5,098
5 years$4,872$4,639$4,418$4,209$4,010$3,840
6 years$4,019$3,788$3,571$3,366$3,173$3,009
7 years$3,410$3,181$2,967$2,767$2,580$2,423
8 years$2,954$2,727$2,516$2,321$2,141$1,990
9 years$2,599$2,374$2,167$1,977$1,803$1,658
10 years$2,315$2,093$1,890$1,704$1,536$1,398
11 years$2,083$1,863$1,664$1,483$1,321$1,189
12 years$1,890$1,672$1,476$1,301$1,145$1,019
13 years$1,727$1,511$1,319$1,149$998$879
14 years$1,587$1,374$1,185$1,020$875$761
15 years$1,466$1,255$1,070$909$770$662
16 years$1,360$1,151$970$814$681$578
17 years$1,267$1,060$883$732$604$506
18 years$1,184$980$806$659$537$445
19 years$1,110$908$738$596$479$391
20 years$1,043$844$677$540$427$345
21 years$983$786$623$490$382$305
22 years$929$734$574$445$343$270
23 years$879$686$530$405$308$239
24 years$833$643$490$370$277$212
25 years$791$603$454$338$249$188
26 years$753$567$421$309$224$167
27 years$717$534$391$283$202$148
28 years$684$503$363$259$182$132
29 years$654$474$338$237$165$118
30 years$625$448$315$218$149$105
31 years$598$424$294$200$135$93
32 years$573$401$274$184$122$83
33 years$550$379$256$169$110$74
34 years$528$360$239$156$100$66
35 years$507$341$223$143$90$59
36 years$488$324$209$132$82$53
37 years$469$308$196$122$74$47
38 years$452$292$183$112$67$42
39 years$435$278$172$103$61$37
40 years$420$264$161$95$55$33
41 years$405$252$151$88$50$30
42 years$391$240$142$81$46$27
43 years$377$228$133$75$41$24
44 years$365$218$125$69$38$21
45 years$353$208$117$64$34$19
46 years$341$198$110$59$31$17
47 years$330$189$103$55$28$15
48 years$319$180$97$50$25$14
49 years$309$172$91$47$23$12
50 years$300$165$86$43$21$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $307,000, adding $5,407 every year, while hoping to spend $23,836 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: 50/25/25 Blend
54$307,000$307,000$307,000$307,000
55$343,891$327,620$322,862$358,422
56$353,607$318,312$308,316$359,793
57$363,515$307,750$292,485$358,448
58$373,609$295,845$275,299$356,507
59$383,883$282,507$256,687$353,922
60$394,328$267,639$236,575$350,644
61$404,934$251,138$214,885$346,621
62$415,689$232,895$191,535$341,797
63$426,578$212,797$166,441$336,112
64$437,586$190,720$139,514$329,501
65$448,693$166,539$110,660$321,898
66$459,876$140,116$79,784$313,229
67$471,111$111,309$46,785$303,416
68$482,369$79,967$11,556$292,378
69$493,615$45,930$0$280,025
70$504,813$9,030$0$273,209
71$515,920$0$0$268,623
72$526,887$0$0$271,611
73$537,661$0$0$276,959
74$548,181$0$0$282,147
75$558,377$0$0$287,139
76$568,174$0$0$291,890
77$577,484$0$0$296,353
78$586,211$0$0$300,473
79$594,248$0$0$304,192
80$601,475$0$0$307,442
81$607,757$0$0$310,148
82$612,945$0$0$312,228
83$616,873$0$0$313,589
84$619,356$0$0$314,129
85$620,189$0$0$313,733
86$619,142$0$0$312,274
87$615,964$0$0$309,613
88$610,371$0$0$305,594
89$602,053$0$0$300,043
90$590,664$0$0$292,769
91$575,819$0$0$283,560
92$557,095$0$0$272,181
93$534,021$0$0$258,372
94$506,077$0$0$241,845
95$472,687$0$0$222,281
96$433,213$0$0$199,328
97$386,950$0$0$172,597
98$333,119$0$0$141,657
99$270,859$0$0$106,032
100$199,217$0$0$65,196