Can I retire at age 55 with 350,000?

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 $350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$28,903$28,645$28,394$28,149$27,909$27,070
2 years$14,308$14,042$13,784$13,533$13,290$12,452
3 years$9,444$9,176$8,919$8,671$8,432$7,621
4 years$7,012$6,746$6,491$6,247$6,014$5,236
5 years$5,554$5,289$5,037$4,798$4,572$3,829
6 years$4,582$4,319$4,071$3,837$3,617$2,911
7 years$3,888$3,627$3,383$3,155$2,942$2,271
8 years$3,367$3,109$2,869$2,646$2,441$1,806
9 years$2,963$2,707$2,471$2,254$2,055$1,455
10 years$2,640$2,386$2,154$1,943$1,751$1,185
11 years$2,375$2,124$1,897$1,691$1,506$973
12 years$2,155$1,906$1,683$1,483$1,305$804
13 years$1,969$1,723$1,504$1,310$1,138$668
14 years$1,809$1,566$1,351$1,162$998$558
15 years$1,671$1,431$1,220$1,037$878$467
16 years$1,551$1,313$1,106$928$776$392
17 years$1,444$1,209$1,006$834$688$330
18 years$1,350$1,117$919$752$612$278
19 years$1,265$1,035$841$679$546$235
20 years$1,190$962$772$615$487$198
21 years$1,121$896$710$558$436$168
22 years$1,059$836$654$508$391$142
23 years$1,002$782$604$462$351$121
24 years$950$733$559$422$315$102
25 years$902$688$518$385$284$87
26 years$858$646$480$352$256$74
27 years$818$608$446$322$230$63
28 years$780$573$414$295$208$53
29 years$745$541$386$271$188$45
30 years$712$511$359$248$170$39
31 years$682$483$335$228$153$33
32 years$654$457$312$210$139$28
33 years$627$433$292$193$126$24
34 years$602$410$273$177$114$20
35 years$578$389$255$163$103$17
36 years$556$369$238$150$93$15
37 years$535$351$223$139$85$12
38 years$515$333$209$128$77$11
39 years$496$317$196$118$70$9
40 years$479$301$183$109$63$8
41 years$462$287$172$100$57$7
42 years$446$273$161$93$52$6
43 years$430$260$151$85$47$5
44 years$416$248$142$79$43$4
45 years$402$237$133$73$39$3
46 years$389$226$125$67$35$3
47 years$376$215$118$62$32$3
48 years$364$206$111$57$29$2
49 years$353$196$104$53$26$2
50 years$342$188$98$49$24$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $350,000, adding $6,884 every year, while hoping to spend $26,413 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: 77/7/16 Blend
54$350,000$350,000$350,000$350,000
55$392,801$374,251$368,826$421,157
56$404,763$364,486$353,078$431,061
57$417,061$353,357$335,918$437,919
58$429,699$340,770$317,270$444,715
59$442,685$326,624$297,055$451,435
60$456,024$310,814$275,191$458,062
61$469,721$293,226$251,592$464,578
62$483,782$273,744$226,170$470,965
63$498,210$252,240$198,829$477,201
64$513,010$228,582$169,473$483,264
65$528,185$202,631$137,998$489,130
66$543,738$174,238$104,299$494,772
67$559,670$143,246$68,264$500,162
68$575,983$109,491$29,777$505,269
69$592,674$72,797$0$510,060
70$609,743$32,981$0$516,428
71$627,187$0$0$527,956
72$645,000$0$0$540,317
73$663,176$0$0$555,520
74$681,707$0$0$571,017
75$700,580$0$0$586,797
76$719,782$0$0$602,849
77$739,298$0$0$619,159
78$759,105$0$0$635,710
79$779,182$0$0$652,481
80$799,500$0$0$669,448
81$820,027$0$0$686,583
82$840,726$0$0$703,856
83$861,553$0$0$721,228
84$882,459$0$0$738,658
85$903,388$0$0$756,097
86$924,275$0$0$773,492
87$945,049$0$0$790,779
88$965,626$0$0$807,889
89$985,914$0$0$824,742
90$1,005,807$0$0$841,249
91$1,025,189$0$0$857,311
92$1,043,926$0$0$872,813
93$1,061,871$0$0$887,630
94$1,078,857$0$0$901,622
95$1,094,700$0$0$914,629
96$1,109,190$0$0$926,475
97$1,122,099$0$0$936,965
98$1,133,166$0$0$945,878
99$1,142,106$0$0$952,970
100$1,148,598$0$0$957,971