Can I retire at age 55 with 349,000?

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 $349,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$28,820$28,563$28,313$28,068$27,830$26,874
2 years$14,267$14,002$13,744$13,494$13,252$12,300
3 years$9,417$9,150$8,893$8,646$8,408$7,488
4 years$6,992$6,726$6,472$6,229$5,996$5,116
5 years$5,538$5,274$5,023$4,784$4,558$3,720
6 years$4,569$4,306$4,059$3,826$3,607$2,811
7 years$3,877$3,616$3,373$3,146$2,933$2,179
8 years$3,358$3,100$2,861$2,639$2,434$1,721
9 years$2,955$2,699$2,464$2,248$2,049$1,378
10 years$2,632$2,379$2,148$1,938$1,746$1,115
11 years$2,368$2,118$1,891$1,686$1,502$909
12 years$2,149$1,901$1,678$1,479$1,301$746
13 years$1,963$1,718$1,499$1,306$1,135$615
14 years$1,804$1,562$1,347$1,159$995$509
15 years$1,667$1,426$1,216$1,034$876$423
16 years$1,546$1,309$1,103$926$774$352
17 years$1,440$1,205$1,004$832$686$294
18 years$1,346$1,114$916$749$610$246
19 years$1,262$1,032$839$677$544$206
20 years$1,186$959$770$613$486$173
21 years$1,118$893$708$557$435$145
22 years$1,056$834$652$506$390$122
23 years$999$780$602$461$350$102
24 years$947$731$557$420$314$86
25 years$900$686$516$384$283$72
26 years$856$645$479$351$255$61
27 years$815$607$444$321$230$51
28 years$778$572$413$294$207$43
29 years$743$539$384$270$187$36
30 years$710$509$358$248$169$31
31 years$680$481$334$228$153$26
32 years$652$456$312$209$138$22
33 years$625$431$291$192$125$18
34 years$600$409$272$177$113$16
35 years$576$388$254$163$103$13
36 years$554$368$238$150$93$11
37 years$533$350$222$138$84$9
38 years$514$332$208$127$76$8
39 years$495$316$195$117$69$7
40 years$477$301$183$108$63$6
41 years$460$286$172$100$57$5
42 years$444$273$161$92$52$4
43 years$429$260$151$85$47$3
44 years$415$247$142$79$43$3
45 years$401$236$133$73$39$2
46 years$388$225$125$67$35$2
47 years$375$215$117$62$32$2
48 years$363$205$110$57$29$1
49 years$352$196$104$53$26$1
50 years$341$187$98$49$24$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $349,000, adding $6,469 every year, while hoping to spend $25,436 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: 39/35/26 Blend
54$349,000$349,000$349,000$349,000
55$391,271$372,774$367,364$403,301
56$404,117$363,976$352,607$403,841
57$417,420$353,895$336,503$401,586
58$431,202$342,440$318,981$398,652
59$445,482$329,517$299,964$394,994
60$460,282$315,025$279,374$390,563
61$475,628$298,858$257,130$385,309
62$491,543$280,903$233,145$379,177
63$508,055$261,041$207,330$372,112
64$525,191$239,147$179,590$364,054
65$542,983$215,088$149,829$354,942
66$561,463$188,723$117,944$344,710
67$580,665$159,903$83,828$333,291
68$600,627$128,472$47,370$320,612
69$621,388$94,265$8,454$306,600
70$642,991$57,105$0$291,174
71$665,481$16,808$0$283,430
72$688,908$0$0$277,204
73$713,324$0$0$280,426
74$738,786$0$0$290,546
75$765,355$0$0$301,115
76$793,097$0$0$312,162
77$822,085$0$0$323,716
78$852,393$0$0$335,810
79$884,107$0$0$348,478
80$917,315$0$0$361,758
81$952,117$0$0$375,692
82$988,616$0$0$390,323
83$1,026,930$0$0$405,701
84$1,067,182$0$0$421,877
85$1,109,508$0$0$438,909
86$1,154,055$0$0$456,860
87$1,200,985$0$0$475,797
88$1,250,472$0$0$495,794
89$1,302,707$0$0$516,932
90$1,357,898$0$0$539,299
91$1,416,270$0$0$562,991
92$1,478,073$0$0$588,113
93$1,543,576$0$0$614,781
94$1,613,074$0$0$643,118
95$1,686,891$0$0$673,263
96$1,765,379$0$0$705,367
97$1,848,926$0$0$739,593
98$1,937,954$0$0$776,122
99$2,032,927$0$0$815,151
100$2,134,352$0$0$856,896