Can I retire at age 55 with 357,000?

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 $357,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$29,481$29,218$28,962$28,712$28,468$27,436
2 years$14,594$14,323$14,059$13,804$13,556$12,528
3 years$9,633$9,360$9,097$8,844$8,601$7,608
4 years$7,153$6,881$6,620$6,372$6,134$5,185
5 years$5,665$5,394$5,138$4,894$4,663$3,760
6 years$4,673$4,405$4,152$3,914$3,690$2,833
7 years$3,966$3,699$3,450$3,218$3,001$2,191
8 years$3,435$3,171$2,926$2,699$2,489$1,725
9 years$3,022$2,761$2,520$2,299$2,096$1,377
10 years$2,692$2,434$2,197$1,982$1,786$1,110
11 years$2,423$2,166$1,934$1,725$1,536$902
12 years$2,198$1,945$1,717$1,513$1,331$738
13 years$2,008$1,757$1,534$1,336$1,161$606
14 years$1,846$1,597$1,378$1,186$1,018$500
15 years$1,705$1,459$1,244$1,057$896$414
16 years$1,582$1,339$1,128$947$792$344
17 years$1,473$1,233$1,027$851$702$286
18 years$1,377$1,139$937$767$624$238
19 years$1,291$1,056$858$693$556$199
20 years$1,213$981$787$627$497$166
21 years$1,143$914$724$569$445$139
22 years$1,080$853$667$518$399$116
23 years$1,022$798$616$472$358$97
24 years$969$748$570$430$322$81
25 years$920$702$528$393$289$68
26 years$876$659$490$359$261$57
27 years$834$621$455$329$235$48
28 years$796$585$423$301$212$40
29 years$760$552$393$276$192$34
30 years$727$521$366$253$173$28
31 years$696$492$342$233$156$24
32 years$667$466$319$214$142$20
33 years$639$441$298$197$128$17
34 years$614$418$278$181$116$14
35 years$590$397$260$167$105$12
36 years$567$377$243$153$95$10
37 years$546$358$228$141$86$8
38 years$525$340$213$130$78$7
39 years$506$323$200$120$71$6
40 years$488$307$187$111$64$5
41 years$471$293$175$102$58$4
42 years$455$279$165$94$53$4
43 years$439$266$154$87$48$3
44 years$424$253$145$80$44$2
45 years$410$241$136$74$40$2
46 years$397$230$128$69$36$2
47 years$384$220$120$63$33$1
48 years$372$210$113$59$30$1
49 years$360$200$106$54$27$1
50 years$349$191$100$50$24$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $357,000, adding $4,336 every year, while hoping to spend $24,587 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: 54/31/15 Blend
54$357,000$357,000$357,000$357,000
55$397,887$378,966$373,432$417,565
56$412,311$371,375$359,782$423,870
57$427,382$362,587$344,850$427,728
58$443,140$352,520$328,568$431,372
59$459,630$341,082$310,864$434,786
60$476,896$328,179$291,662$437,957
61$494,991$313,712$270,884$440,869
62$513,969$297,573$248,448$443,509
63$533,891$279,650$224,268$445,862
64$554,820$259,826$198,253$447,914
65$576,829$237,974$170,312$449,653
66$599,992$213,962$140,344$451,065
67$624,395$187,650$108,249$452,139
68$650,128$158,889$73,920$452,865
69$677,290$127,524$37,245$453,233
70$705,989$93,388$0$453,236
71$736,344$56,308$0$453,173
72$768,482$16,098$0$459,117
73$802,545$0$0$465,123
74$838,686$0$0$480,573
75$877,074$0$0$502,834
76$917,892$0$0$526,522
77$961,340$0$0$551,757
78$1,007,640$0$0$578,669
79$1,057,032$0$0$607,401
80$1,109,781$0$0$638,110
81$1,166,175$0$0$670,967
82$1,226,532$0$0$706,159
83$1,291,200$0$0$743,895
84$1,360,560$0$0$784,399
85$1,435,031$0$0$827,920
86$1,515,073$0$0$874,731
87$1,601,189$0$0$925,131
88$1,693,934$0$0$979,448
89$1,793,916$0$0$1,038,045
90$1,901,802$0$0$1,101,318
91$2,018,328$0$0$1,169,702
92$2,144,300$0$0$1,243,677
93$2,280,603$0$0$1,323,770
94$2,428,214$0$0$1,410,559
95$2,588,203$0$0$1,504,681
96$2,761,749$0$0$1,606,836
97$2,950,147$0$0$1,717,794
98$3,154,823$0$0$1,838,403
99$3,377,344$0$0$1,969,593
100$3,619,435$0$0$2,112,391