Can I retire at age 55 with 333,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $333,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$27,499$27,254$27,015$26,782$26,554$25,901
2 years$13,613$13,360$13,114$12,876$12,645$11,991
3 years$8,985$8,731$8,486$8,250$8,022$7,389
4 years$6,672$6,418$6,175$5,943$5,722$5,112
5 years$5,284$5,032$4,792$4,565$4,349$3,766
6 years$4,359$4,109$3,873$3,651$3,442$2,885
7 years$3,699$3,451$3,218$3,001$2,799$2,269
8 years$3,204$2,958$2,729$2,518$2,322$1,819
9 years$2,819$2,575$2,351$2,145$1,955$1,479
10 years$2,511$2,270$2,050$1,849$1,666$1,215
11 years$2,260$2,021$1,804$1,609$1,433$1,007
12 years$2,050$1,814$1,601$1,411$1,242$840
13 years$1,873$1,639$1,431$1,246$1,083$704
14 years$1,721$1,490$1,286$1,106$949$593
15 years$1,590$1,361$1,161$986$836$501
16 years$1,475$1,249$1,052$883$739$425
17 years$1,374$1,150$958$794$655$361
18 years$1,284$1,063$874$715$582$308
19 years$1,204$985$800$646$519$263
20 years$1,132$915$734$585$464$224
21 years$1,067$853$675$531$415$192
22 years$1,007$796$623$483$372$165
23 years$953$744$575$440$334$141
24 years$904$697$532$401$300$121
25 years$859$654$492$366$270$104
26 years$817$615$457$335$243$89
27 years$778$579$424$307$219$77
28 years$742$545$394$281$198$66
29 years$709$515$367$258$179$57
30 years$678$486$342$236$161$49
31 years$649$459$319$217$146$42
32 years$622$435$297$200$132$36
33 years$596$412$278$183$119$31
34 years$572$390$259$169$108$27
35 years$550$370$242$155$98$23
36 years$529$351$227$143$89$20
37 years$509$334$212$132$80$17
38 years$490$317$199$122$73$15
39 years$472$301$186$112$66$13
40 years$455$287$175$103$60$11
41 years$439$273$164$95$54$9
42 years$424$260$154$88$49$8
43 years$409$248$144$81$45$7
44 years$396$236$135$75$41$6
45 years$382$225$127$69$37$5
46 years$370$215$119$64$34$4
47 years$358$205$112$59$30$4
48 years$347$196$105$55$28$3
49 years$336$187$99$50$25$3
50 years$325$179$93$47$23$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $333,000, adding $3,331 every year, while hoping to spend $20,531 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: 62/11/27 Blend
54$333,000$333,000$333,000$333,000
55$370,402$352,753$347,591$390,504
56$386,338$348,193$337,391$399,984
57$403,212$342,722$326,161$407,801
58$421,097$336,272$313,844$415,894
59$440,073$328,775$300,383$424,296
60$460,231$320,154$285,716$433,039
61$481,665$310,333$269,778$442,164
62$504,483$299,227$252,503$451,714
63$528,798$286,747$233,821$461,739
64$554,739$272,802$213,657$472,293
65$582,445$257,291$191,936$483,440
66$612,066$240,110$168,578$495,249
67$643,770$221,149$143,499$507,797
68$677,741$200,291$116,613$521,173
69$714,178$177,413$87,826$535,473
70$753,302$152,384$57,046$550,807
71$795,354$125,066$24,173$567,296
72$840,599$95,314$0$585,075
73$889,330$62,974$0$607,440
74$941,865$27,883$0$639,050
75$998,557$0$0$673,155
76$1,059,790$0$0$711,224
77$1,125,990$0$0$756,049
78$1,197,622$0$0$804,573
79$1,275,199$0$0$857,146
80$1,359,285$0$0$914,152
81$1,450,500$0$0$976,015
82$1,549,524$0$0$1,043,198
83$1,657,107$0$0$1,116,215
84$1,774,074$0$0$1,195,628
85$1,901,332$0$0$1,282,056
86$2,039,878$0$0$1,376,181
87$2,190,812$0$0$1,478,752
88$2,355,341$0$0$1,590,595
89$2,534,795$0$0$1,712,618
90$2,730,639$0$0$1,845,820
91$2,944,484$0$0$1,991,301
92$3,178,104$0$0$2,150,274
93$3,433,451$0$0$2,324,072
94$3,712,676$0$0$2,514,163
95$4,018,146$0$0$2,722,164
96$4,352,467$0$0$2,949,855
97$4,718,510$0$0$3,199,196
98$5,119,435$0$0$3,472,347
99$5,558,723$0$0$3,771,684
100$6,040,207$0$0$4,099,826