Can I retire at age 55 with 348,000?

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 $348,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$28,738$28,482$28,232$27,988$27,750$27,324
2 years$14,226$13,962$13,705$13,456$13,214$12,786
3 years$9,390$9,124$8,868$8,621$8,384$7,967
4 years$6,972$6,707$6,454$6,211$5,979$5,577
5 years$5,522$5,258$5,008$4,771$4,545$4,158
6 years$4,556$4,294$4,047$3,815$3,597$3,226
7 years$3,866$3,606$3,363$3,137$2,925$2,570
8 years$3,348$3,091$2,852$2,631$2,427$2,088
9 years$2,946$2,691$2,457$2,241$2,044$1,721
10 years$2,624$2,372$2,142$1,932$1,741$1,434
11 years$2,362$2,112$1,886$1,681$1,497$1,205
12 years$2,143$1,896$1,673$1,475$1,298$1,021
13 years$1,958$1,713$1,495$1,302$1,132$869
14 years$1,799$1,557$1,343$1,156$992$744
15 years$1,662$1,422$1,213$1,031$873$639
16 years$1,542$1,305$1,100$923$772$550
17 years$1,436$1,202$1,001$829$684$476
18 years$1,342$1,111$913$747$609$412
19 years$1,258$1,029$836$675$542$358
20 years$1,183$956$767$612$485$311
21 years$1,115$891$706$555$434$271
22 years$1,053$832$651$505$389$236
23 years$996$778$601$460$349$206
24 years$945$729$556$419$314$180
25 years$897$684$515$383$282$157
26 years$853$643$477$350$254$138
27 years$813$605$443$320$229$121
28 years$776$570$412$294$207$106
29 years$741$538$383$269$187$93
30 years$708$508$357$247$169$81
31 years$678$480$333$227$153$71
32 years$650$454$311$209$138$63
33 years$623$430$290$192$125$55
34 years$598$408$271$176$113$48
35 years$575$387$253$162$102$42
36 years$553$367$237$150$93$37
37 years$532$349$222$138$84$33
38 years$512$331$208$127$76$29
39 years$493$315$195$117$69$25
40 years$476$300$182$108$63$22
41 years$459$285$171$100$57$19
42 years$443$272$160$92$52$17
43 years$428$259$151$85$47$15
44 years$413$247$141$78$43$13
45 years$400$235$133$72$39$12
46 years$387$224$125$67$35$10
47 years$374$214$117$62$32$9
48 years$362$205$110$57$29$8
49 years$351$195$103$53$26$7
50 years$340$187$97$49$24$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $348,000, adding $3,188 every year, while hoping to spend $24,844 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: 51/25/24 Blend
54$348,000$348,000$348,000$348,000
55$386,784$368,340$362,946$403,765
56$399,803$359,955$348,671$407,491
57$413,316$350,327$333,085$408,755
58$427,349$339,367$316,118$409,621
59$441,927$326,985$297,697$410,062
60$457,078$313,082$277,745$410,049
61$472,833$297,555$256,181$409,550
62$489,221$280,295$232,923$408,536
63$506,279$261,186$207,883$406,973
64$524,042$240,107$180,969$404,827
65$542,549$216,927$152,087$402,063
66$561,843$191,511$121,136$398,644
67$581,970$163,714$88,013$394,532
68$602,979$133,384$52,609$389,689
69$624,923$100,359$14,811$384,073
70$647,858$64,471$0$377,643
71$671,848$25,538$0$376,892
72$696,959$0$0$379,714
73$723,263$0$0$386,873
74$750,840$0$0$401,754
75$779,774$0$0$417,378
76$810,158$0$0$433,797
77$842,094$0$0$451,068
78$875,690$0$0$469,250
79$911,065$0$0$488,410
80$948,349$0$0$508,620
81$987,683$0$0$529,959
82$1,029,222$0$0$552,513
83$1,073,132$0$0$576,374
84$1,119,598$0$0$601,646
85$1,168,819$0$0$628,440
86$1,221,013$0$0$656,878
87$1,276,420$0$0$687,093
88$1,335,301$0$0$719,232
89$1,397,941$0$0$753,453
90$1,464,653$0$0$789,932
91$1,535,780$0$0$828,859
92$1,611,697$0$0$870,446
93$1,692,813$0$0$914,922
94$1,779,581$0$0$962,538
95$1,872,493$0$0$1,013,571
96$1,972,090$0$0$1,068,324
97$2,078,968$0$0$1,127,131
98$2,193,778$0$0$1,190,356
99$2,317,235$0$0$1,258,399
100$2,450,125$0$0$1,331,702