Can I retire at age 55 with 309,000?

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 $309,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$25,517$25,290$25,068$24,851$24,640$24,133
2 years$12,632$12,397$12,169$11,948$11,733$11,225
3 years$8,338$8,101$7,874$7,655$7,444$6,950
4 years$6,191$5,955$5,730$5,515$5,309$4,833
5 years$4,903$4,669$4,447$4,236$4,036$3,579
6 years$4,045$3,813$3,594$3,388$3,194$2,757
7 years$3,432$3,202$2,986$2,785$2,597$2,181
8 years$2,973$2,745$2,533$2,336$2,155$1,758
9 years$2,616$2,390$2,181$1,990$1,815$1,438
10 years$2,330$2,106$1,902$1,715$1,546$1,189
11 years$2,097$1,875$1,674$1,493$1,330$991
12 years$1,903$1,683$1,486$1,310$1,152$832
13 years$1,738$1,521$1,328$1,156$1,005$703
14 years$1,597$1,383$1,193$1,026$881$596
15 years$1,476$1,263$1,077$915$776$507
16 years$1,369$1,159$976$820$685$433
17 years$1,275$1,067$889$736$608$371
18 years$1,192$986$811$664$540$318
19 years$1,117$914$743$600$482$274
20 years$1,050$849$681$543$430$236
21 years$990$791$627$493$385$203
22 years$935$738$578$448$345$175
23 years$885$691$533$408$310$152
24 years$839$647$493$372$278$131
25 years$797$607$457$340$251$113
26 years$758$571$424$311$226$98
27 years$722$537$393$285$203$85
28 years$689$506$366$261$184$74
29 years$658$477$340$239$166$64
30 years$629$451$317$219$150$56
31 years$602$426$296$201$135$48
32 years$577$403$276$185$123$42
33 years$553$382$258$170$111$36
34 years$531$362$241$157$100$32
35 years$510$343$225$144$91$27
36 years$491$326$210$133$82$24
37 years$472$310$197$122$75$21
38 years$455$294$184$113$68$18
39 years$438$280$173$104$61$16
40 years$422$266$162$96$56$14
41 years$408$253$152$89$51$12
42 years$393$241$142$82$46$10
43 years$380$230$134$75$42$9
44 years$367$219$125$70$38$8
45 years$355$209$118$64$34$7
46 years$343$199$111$59$31$6
47 years$332$190$104$55$28$5
48 years$322$182$98$51$26$4
49 years$311$173$92$47$23$4
50 years$302$166$86$43$21$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $309,000, adding $4,888 every year, while hoping to spend $21,903 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: 48/24/28 Blend
54$309,000$309,000$309,000$309,000
55$345,560$329,183$324,393$359,182
56$357,502$322,008$311,956$362,081
57$369,929$313,748$298,368$362,694
58$382,866$304,326$283,567$362,935
59$396,341$293,661$267,490$362,780
60$410,385$281,667$250,068$362,204
61$425,031$268,255$231,231$361,182
62$440,313$253,329$210,907$359,686
63$456,270$236,787$189,017$357,689
64$472,942$218,522$165,482$355,163
65$490,374$198,421$140,217$352,078
66$508,613$176,366$113,136$348,405
67$527,712$152,228$84,146$344,112
68$547,727$125,875$53,153$339,168
69$568,718$97,166$20,057$333,540
70$590,751$65,951$0$327,197
71$613,899$32,073$0$324,665
72$638,238$0$0$328,042
73$663,855$0$0$332,554
74$690,840$0$0$346,243
75$719,296$0$0$360,690
76$749,330$0$0$375,954
77$781,063$0$0$392,096
78$814,624$0$0$409,186
79$850,157$0$0$427,297
80$887,816$0$0$446,511
81$927,770$0$0$466,917
82$970,206$0$0$488,614
83$1,015,326$0$0$511,706
84$1,063,353$0$0$536,311
85$1,114,529$0$0$562,557
86$1,169,120$0$0$590,584
87$1,227,418$0$0$620,544
88$1,289,743$0$0$652,607
89$1,356,444$0$0$686,957
90$1,427,906$0$0$723,795
91$1,504,550$0$0$763,344
92$1,586,838$0$0$805,847
93$1,675,277$0$0$851,572
94$1,770,424$0$0$900,811
95$1,872,891$0$0$953,889
96$1,983,349$0$0$1,011,157
97$2,102,536$0$0$1,073,007
98$2,231,261$0$0$1,139,864
99$2,370,416$0$0$1,212,199
100$2,520,978$0$0$1,290,529