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%14.9%
1 years$28,820$28,563$28,313$28,068$27,830$27,268
2 years$14,267$14,002$13,744$13,494$13,252$12,689
3 years$9,417$9,150$8,893$8,646$8,408$7,860
4 years$6,992$6,726$6,472$6,229$5,996$5,469
5 years$5,538$5,274$5,023$4,784$4,558$4,052
6 years$4,569$4,306$4,059$3,826$3,607$3,123
7 years$3,877$3,616$3,373$3,146$2,933$2,472
8 years$3,358$3,100$2,861$2,639$2,434$1,994
9 years$2,955$2,699$2,464$2,248$2,049$1,631
10 years$2,632$2,379$2,148$1,938$1,746$1,350
11 years$2,368$2,118$1,891$1,686$1,502$1,126
12 years$2,149$1,901$1,678$1,479$1,301$946
13 years$1,963$1,718$1,499$1,306$1,135$799
14 years$1,804$1,562$1,347$1,159$995$678
15 years$1,667$1,426$1,216$1,034$876$578
16 years$1,546$1,309$1,103$926$774$494
17 years$1,440$1,205$1,004$832$686$423
18 years$1,346$1,114$916$749$610$363
19 years$1,262$1,032$839$677$544$313
20 years$1,186$959$770$613$486$269
21 years$1,118$893$708$557$435$232
22 years$1,056$834$652$506$390$201
23 years$999$780$602$461$350$174
24 years$947$731$557$420$314$150
25 years$900$686$516$384$283$130
26 years$856$645$479$351$255$113
27 years$815$607$444$321$230$98
28 years$778$572$413$294$207$85
29 years$743$539$384$270$187$74
30 years$710$509$358$248$169$64
31 years$680$481$334$228$153$56
32 years$652$456$312$209$138$48
33 years$625$431$291$192$125$42
34 years$600$409$272$177$113$36
35 years$576$388$254$163$103$32
36 years$554$368$238$150$93$28
37 years$533$350$222$138$84$24
38 years$514$332$208$127$76$21
39 years$495$316$195$117$69$18
40 years$477$301$183$108$63$16
41 years$460$286$172$100$57$14
42 years$444$273$161$92$52$12
43 years$429$260$151$85$47$10
44 years$415$247$142$79$43$9
45 years$401$236$133$73$39$8
46 years$388$225$125$67$35$7
47 years$375$215$117$62$32$6
48 years$363$205$110$57$29$5
49 years$352$196$104$53$26$5
50 years$341$187$98$49$24$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $349,000, adding $2,918 every year, while hoping to spend $20,825 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: 43/32/25 Blend
54$349,000$349,000$349,000$349,000
55$387,608$369,111$363,701$401,342
56$404,986$365,040$353,728$407,343
57$423,439$360,071$342,722$411,623
58$443,055$354,139$330,628$415,850
59$463,928$347,174$317,386$420,032
60$486,164$339,101$302,934$424,177
61$509,879$329,842$287,208$428,297
62$535,197$319,315$270,140$432,406
63$562,257$307,432$251,659$436,522
64$591,210$294,099$231,693$440,666
65$622,221$279,218$210,162$444,864
66$655,473$262,685$186,988$449,146
67$691,165$244,390$162,086$453,548
68$729,516$224,217$135,368$458,113
69$770,766$202,043$106,742$462,889
70$815,179$177,738$76,113$467,933
71$863,045$151,164$43,380$473,310
72$914,681$122,177$8,439$479,095
73$970,438$90,623$0$485,376
74$1,030,700$56,341$0$499,945
75$1,095,888$19,159$0$518,121
76$1,166,468$0$0$537,811
77$1,242,949$0$0$566,623
78$1,325,892$0$0$605,223
79$1,415,915$0$0$647,154
80$1,513,695$0$0$692,739
81$1,619,980$0$0$742,330
82$1,735,590$0$0$796,316
83$1,861,429$0$0$855,123
84$1,998,492$0$0$919,223
85$2,147,871$0$0$989,133
86$2,310,772$0$0$1,065,422
87$2,488,518$0$0$1,148,718
88$2,682,569$0$0$1,239,711
89$2,894,531$0$0$1,339,160
90$3,126,170$0$0$1,447,903
91$3,379,433$0$0$1,566,860
92$3,656,462$0$0$1,697,046
93$3,959,616$0$0$1,839,577
94$4,291,494$0$0$1,995,683
95$4,654,954$0$0$2,166,719
96$5,053,148$0$0$2,354,177
97$5,489,545$0$0$2,559,698
98$5,967,965$0$0$2,785,092
99$6,492,616$0$0$3,032,352
100$7,068,132$0$0$3,303,673