Can I retire at age 55 with 338,000?

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 $338,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$27,912$27,663$27,421$27,184$26,953$26,322
2 years$13,818$13,560$13,311$13,069$12,835$12,203
3 years$9,120$8,862$8,613$8,374$8,143$7,530
4 years$6,772$6,514$6,268$6,033$5,807$5,218
5 years$5,363$5,107$4,864$4,634$4,415$3,850
6 years$4,425$4,171$3,931$3,706$3,493$2,954
7 years$3,754$3,502$3,267$3,047$2,841$2,328
8 years$3,252$3,002$2,770$2,556$2,357$1,869
9 years$2,861$2,614$2,386$2,177$1,985$1,522
10 years$2,549$2,304$2,080$1,876$1,691$1,253
11 years$2,294$2,051$1,831$1,633$1,454$1,040
12 years$2,081$1,841$1,625$1,432$1,260$869
13 years$1,901$1,664$1,452$1,265$1,099$730
14 years$1,747$1,512$1,305$1,123$963$617
15 years$1,614$1,382$1,178$1,001$848$522
16 years$1,497$1,268$1,068$896$750$444
17 years$1,395$1,167$972$805$665$378
18 years$1,304$1,079$887$726$591$323
19 years$1,222$1,000$812$656$527$276
20 years$1,149$929$745$594$471$236
21 years$1,083$865$686$539$421$203
22 years$1,022$808$632$490$377$174
23 years$968$755$583$446$339$150
24 years$917$708$540$407$305$129
25 years$871$664$500$372$274$111
26 years$829$624$464$340$247$95
27 years$790$588$430$311$223$82
28 years$753$554$400$285$201$71
29 years$720$522$372$261$181$61
30 years$688$493$347$240$164$53
31 years$659$466$323$220$148$45
32 years$631$441$302$203$134$39
33 years$605$418$282$186$121$34
34 years$581$396$263$171$110$29
35 years$558$376$246$158$99$25
36 years$537$356$230$145$90$22
37 years$517$339$215$134$82$19
38 years$497$322$202$123$74$16
39 years$479$306$189$114$67$14
40 years$462$291$177$105$61$12
41 years$446$277$166$97$55$10
42 years$430$264$156$89$50$9
43 years$416$251$146$82$45$8
44 years$402$240$137$76$41$7
45 years$388$229$129$70$37$6
46 years$376$218$121$65$34$5
47 years$363$208$114$60$31$4
48 years$352$199$107$55$28$4
49 years$341$190$100$51$25$3
50 years$330$181$94$47$23$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $338,000, adding $4,159 every year, while hoping to spend $28,567 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: 48/28/24 Blend
54$338,000$338,000$338,000$338,000
55$376,766$358,852$353,613$392,103
56$384,801$346,041$335,064$390,442
57$392,698$331,644$314,936$385,466
58$400,413$315,555$293,146$379,486
59$407,897$297,658$269,608$372,422
60$415,093$277,834$244,230$364,185
61$421,938$255,954$216,918$354,682
62$428,365$231,884$187,574$343,812
63$434,293$205,482$156,092$331,466
64$439,636$176,596$122,367$317,527
65$444,298$145,067$86,285$301,869
66$448,169$110,728$47,728$284,356
67$451,129$73,401$6,574$264,843
68$453,045$32,898$0$243,171
69$453,767$0$0$228,734
70$453,130$0$0$217,586
71$450,949$0$0$215,736
72$447,022$0$0$212,940
73$441,121$0$0$209,079
74$432,997$0$0$204,017
75$422,370$0$0$197,608
76$408,934$0$0$189,687
77$392,347$0$0$180,075
78$372,231$0$0$168,570
79$348,170$0$0$154,950
80$319,700$0$0$138,970
81$286,311$0$0$120,359
82$247,437$0$0$98,817
83$202,454$0$0$74,013
84$150,671$0$0$45,580
85$91,324$0$0$13,113
86$23,570$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0