Can I retire at age 55 with 337,000?

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 $337,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$27,829$27,581$27,339$27,103$26,873$25,858
2 years$13,777$13,520$13,272$13,030$12,797$11,786
3 years$9,093$8,836$8,588$8,349$8,119$7,144
4 years$6,752$6,495$6,250$6,015$5,790$4,859
5 years$5,348$5,092$4,850$4,620$4,402$3,516
6 years$4,412$4,158$3,919$3,695$3,483$2,644
7 years$3,743$3,492$3,257$3,038$2,833$2,039
8 years$3,242$2,993$2,762$2,548$2,350$1,602
9 years$2,853$2,606$2,379$2,170$1,979$1,276
10 years$2,542$2,297$2,074$1,871$1,686$1,026
11 years$2,287$2,045$1,826$1,628$1,450$832
12 years$2,075$1,836$1,621$1,428$1,257$678
13 years$1,896$1,659$1,448$1,261$1,096$556
14 years$1,742$1,508$1,301$1,119$961$457
15 years$1,609$1,377$1,175$998$846$377
16 years$1,493$1,264$1,065$894$748$312
17 years$1,391$1,164$969$803$663$259
18 years$1,300$1,075$885$724$589$215
19 years$1,218$997$810$654$525$179
20 years$1,145$926$743$592$469$149
21 years$1,079$863$684$538$420$124
22 years$1,019$805$630$489$376$104
23 years$965$753$582$445$338$86
24 years$915$706$538$406$304$72
25 years$869$662$498$371$273$60
26 years$827$622$462$339$246$50
27 years$787$586$429$310$222$42
28 years$751$552$399$284$200$35
29 years$717$521$371$261$181$29
30 years$686$492$346$239$163$25
31 years$657$465$322$220$148$21
32 years$629$440$301$202$134$17
33 years$604$417$281$186$121$14
34 years$579$395$262$171$109$12
35 years$557$374$245$157$99$10
36 years$535$355$230$145$90$8
37 years$515$338$215$133$81$7
38 years$496$321$201$123$74$6
39 years$478$305$188$113$67$5
40 years$461$290$177$105$61$4
41 years$444$276$166$97$55$3
42 years$429$263$155$89$50$3
43 years$414$251$146$82$45$2
44 years$400$239$137$76$41$2
45 years$387$228$129$70$37$2
46 years$374$217$121$65$34$1
47 years$362$207$113$60$31$1
48 years$351$198$107$55$28$1
49 years$340$189$100$51$25$1
50 years$329$181$94$47$23$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $337,000, adding $3,415 every year, while hoping to spend $23,672 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: 60/27/13 Blend
54$337,000$337,000$337,000$337,000
55$374,897$357,036$351,812$395,995
56$387,949$349,343$338,411$402,908
57$401,540$340,481$323,768$407,479
58$415,698$330,366$307,815$411,897
59$430,457$318,911$290,484$416,149
60$445,850$306,024$271,702$420,222
61$461,915$291,608$251,392$424,103
62$478,692$275,559$229,476$427,779
63$496,225$257,767$205,869$431,236
64$514,560$238,118$180,487$434,462
65$533,749$216,490$153,237$437,443
66$553,846$192,753$124,025$440,166
67$574,912$166,770$92,753$442,619
68$597,010$138,399$59,317$444,790
69$620,210$107,487$23,610$446,668
70$644,590$73,872$0$448,244
71$670,232$37,385$0$451,518
72$697,227$0$0$458,098
73$725,671$0$0$465,356
74$755,673$0$0$484,738
75$787,348$0$0$505,212
76$820,823$0$0$526,861
77$856,239$0$0$549,778
78$893,744$0$0$574,061
79$933,506$0$0$599,820
80$975,704$0$0$627,172
81$1,020,536$0$0$656,250
82$1,068,219$0$0$687,194
83$1,118,988$0$0$720,160
84$1,173,102$0$0$755,320
85$1,230,846$0$0$792,859
86$1,292,529$0$0$832,983
87$1,358,492$0$0$875,917
88$1,429,108$0$0$921,905
89$1,504,787$0$0$971,219
90$1,585,977$0$0$1,024,154
91$1,673,171$0$0$1,081,035
92$1,766,910$0$0$1,142,219
93$1,867,787$0$0$1,208,098
94$1,976,454$0$0$1,279,102
95$2,093,627$0$0$1,355,703
96$2,220,092$0$0$1,438,420
97$2,356,713$0$0$1,527,825
98$2,504,441$0$0$1,624,544
99$2,664,317$0$0$1,729,265
100$2,837,490$0$0$1,842,747