Can I retire at age 55 with 347,000?

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 $347,000?

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%
1 years$28,655$28,400$28,151$27,908$27,670$26,979
2 years$14,186$13,921$13,665$13,417$13,176$12,485
3 years$9,363$9,098$8,842$8,596$8,360$7,689
4 years$6,952$6,688$6,435$6,193$5,962$5,317
5 years$5,506$5,243$4,994$4,757$4,532$3,915
6 years$4,543$4,282$4,036$3,804$3,586$2,998
7 years$3,854$3,596$3,354$3,128$2,917$2,356
8 years$3,339$3,082$2,844$2,624$2,420$1,888
9 years$2,938$2,684$2,450$2,235$2,038$1,533
10 years$2,617$2,365$2,136$1,926$1,736$1,259
11 years$2,355$2,106$1,880$1,677$1,493$1,043
12 years$2,137$1,890$1,669$1,471$1,294$869
13 years$1,952$1,708$1,491$1,298$1,128$728
14 years$1,794$1,553$1,340$1,152$989$613
15 years$1,657$1,418$1,209$1,028$871$518
16 years$1,537$1,301$1,097$920$770$439
17 years$1,432$1,198$998$827$682$373
18 years$1,338$1,107$911$745$607$317
19 years$1,255$1,026$834$673$541$271
20 years$1,179$954$765$610$483$231
21 years$1,111$888$704$553$432$198
22 years$1,050$829$649$503$388$169
23 years$993$776$599$458$348$145
24 years$942$727$554$418$313$124
25 years$895$682$513$382$281$107
26 years$851$641$476$349$253$91
27 years$811$603$442$319$228$79
28 years$773$568$411$293$206$67
29 years$739$536$382$268$186$58
30 years$706$506$356$246$168$50
31 years$676$479$332$226$152$43
32 years$648$453$310$208$138$37
33 years$621$429$289$191$124$32
34 years$597$407$270$176$113$27
35 years$573$386$253$162$102$24
36 years$551$366$236$149$93$20
37 years$530$348$221$137$84$17
38 years$511$330$207$127$76$15
39 years$492$314$194$117$69$13
40 years$474$299$182$108$63$11
41 years$458$284$171$99$57$10
42 years$442$271$160$92$51$8
43 years$427$258$150$85$47$7
44 years$412$246$141$78$42$6
45 years$399$235$132$72$38$5
46 years$386$224$124$67$35$5
47 years$373$214$117$62$32$4
48 years$361$204$110$57$29$3
49 years$350$195$103$53$26$3
50 years$339$186$97$49$24$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $347,000, adding $2,528 every year, while hoping to spend $27,259 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: 72/23/5 Blend
54$347,000$347,000$347,000$347,000
55$385,002$366,611$361,232$412,369
56$395,268$355,571$344,330$419,709
57$405,669$343,077$325,948$424,076
58$416,188$329,029$306,008$428,083
59$426,807$313,320$284,428$431,688
60$437,508$295,838$261,122$434,843
61$448,265$276,466$236,001$437,495
62$459,053$255,077$208,972$439,590
63$469,841$231,541$179,937$441,065
64$480,593$205,715$148,794$441,855
65$491,272$177,453$115,437$441,887
66$501,833$146,599$79,755$441,082
67$512,224$112,987$41,631$439,355
68$522,391$76,443$945$436,613
69$532,269$36,783$0$432,755
70$541,787$0$0$429,937
71$550,866$0$0$427,539
72$559,416$0$0$434,023
73$567,337$0$0$439,998
74$574,519$0$0$445,376
75$580,837$0$0$450,059
76$586,152$0$0$453,936
77$590,310$0$0$456,885
78$593,140$0$0$458,768
79$594,451$0$0$459,435
80$594,032$0$0$458,718
81$591,647$0$0$456,428
82$587,034$0$0$452,358
83$579,905$0$0$446,279
84$569,938$0$0$437,935
85$556,777$0$0$427,043
86$540,028$0$0$413,290
87$519,254$0$0$396,328
88$493,972$0$0$375,775
89$463,646$0$0$351,204
90$427,684$0$0$322,145
91$385,432$0$0$288,079
92$336,165$0$0$248,430
93$279,083$0$0$202,562
94$213,300$0$0$149,772
95$137,838$0$0$89,285
96$51,617$0$0$20,241
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0