Can I retire at age 55 with 334,000?

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 $334,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$27,581$27,336$27,096$26,862$26,634$26,149
2 years$13,654$13,400$13,153$12,914$12,683$12,197
3 years$9,012$8,757$8,511$8,274$8,046$7,574
4 years$6,692$6,437$6,194$5,961$5,739$5,283
5 years$5,300$5,047$4,807$4,579$4,363$3,925
6 years$4,372$4,121$3,885$3,662$3,452$3,033
7 years$3,710$3,461$3,228$3,010$2,807$2,407
8 years$3,214$2,967$2,738$2,525$2,329$1,947
9 years$2,828$2,583$2,358$2,151$1,961$1,598
10 years$2,519$2,277$2,056$1,854$1,671$1,326
11 years$2,267$2,027$1,810$1,614$1,437$1,110
12 years$2,056$1,819$1,606$1,415$1,245$936
13 years$1,879$1,644$1,435$1,250$1,086$793
14 years$1,727$1,494$1,289$1,109$952$675
15 years$1,595$1,365$1,164$989$838$577
16 years$1,480$1,253$1,055$886$741$495
17 years$1,378$1,154$960$796$657$426
18 years$1,288$1,066$877$717$584$367
19 years$1,208$988$803$648$521$317
20 years$1,135$918$737$587$465$274
21 years$1,070$855$678$533$416$237
22 years$1,010$798$624$484$373$206
23 years$956$747$577$441$335$179
24 years$907$699$533$402$301$155
25 years$861$656$494$367$271$135
26 years$819$617$458$336$244$118
27 years$780$581$425$308$220$102
28 years$744$547$395$282$198$89
29 years$711$516$368$258$179$78
30 years$680$487$343$237$162$68
31 years$651$461$320$218$146$59
32 years$624$436$298$200$132$52
33 years$598$413$278$184$120$45
34 years$574$391$260$169$108$39
35 years$552$371$243$156$98$34
36 years$530$352$227$144$89$30
37 years$510$335$213$132$81$26
38 years$492$318$199$122$73$23
39 years$474$302$187$112$66$20
40 years$457$288$175$104$60$17
41 years$441$274$164$96$55$15
42 years$425$261$154$88$50$13
43 years$411$248$145$82$45$12
44 years$397$237$136$75$41$10
45 years$384$226$127$69$37$9
46 years$371$215$120$64$34$8
47 years$359$206$112$59$31$7
48 years$348$196$106$55$28$6
49 years$337$187$99$51$25$5
50 years$326$179$93$47$23$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $334,000, adding $5,045 every year, while hoping to spend $21,492 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: 48/42/10 Blend
54$334,000$334,000$334,000$334,000
55$373,272$355,570$350,393$389,937
56$388,478$350,126$339,264$396,478
57$404,515$343,694$327,041$400,916
58$421,445$336,204$313,667$405,244
59$439,336$327,581$299,077$409,456
60$458,260$317,745$283,209$413,550
61$478,300$306,612$265,993$417,525
62$499,542$294,091$247,360$421,381
63$522,084$280,090$227,235$425,119
64$546,029$264,508$205,540$428,743
65$571,494$247,238$182,196$432,259
66$598,604$228,171$157,117$435,676
67$627,498$207,187$130,216$439,006
68$658,325$184,161$101,400$442,263
69$691,251$158,962$70,575$445,468
70$726,458$131,451$37,638$448,645
71$764,144$101,479$2,486$451,822
72$804,527$68,892$0$455,036
73$847,845$33,524$0$462,066
74$894,362$0$0$469,751
75$944,365$0$0$480,114
76$998,170$0$0$507,963
77$1,056,123$0$0$537,987
78$1,118,606$0$0$570,387
79$1,186,037$0$0$605,384
80$1,258,876$0$0$643,221
81$1,337,628$0$0$684,163
82$1,422,849$0$0$728,505
83$1,515,149$0$0$776,568
84$1,615,200$0$0$828,707
85$1,723,739$0$0$885,311
86$1,841,579$0$0$946,810
87$1,969,611$0$0$1,013,673
88$2,108,819$0$0$1,086,422
89$2,260,283$0$0$1,165,625
90$2,425,192$0$0$1,251,911
91$2,604,854$0$0$1,345,971
92$2,800,709$0$0$1,448,565
93$3,014,340$0$0$1,560,531
94$3,247,493$0$0$1,682,791
95$3,502,087$0$0$1,816,358
96$3,780,235$0$0$1,962,350
97$4,084,263$0$0$2,121,996
98$4,416,733$0$0$2,296,649
99$4,780,466$0$0$2,487,801
100$5,178,565$0$0$2,697,092