Can I retire at age 55 with 359,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $359,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$29,646$29,382$29,124$28,873$28,627$27,834
2 years$14,676$14,403$14,138$13,881$13,632$12,838
3 years$9,687$9,412$9,148$8,894$8,649$7,880
4 years$7,193$6,919$6,658$6,407$6,168$5,430
5 years$5,697$5,425$5,167$4,922$4,689$3,984
6 years$4,700$4,430$4,175$3,936$3,710$3,038
7 years$3,988$3,720$3,470$3,236$3,017$2,379
8 years$3,454$3,189$2,943$2,714$2,503$1,898
9 years$3,039$2,776$2,534$2,312$2,108$1,535
10 years$2,707$2,447$2,210$1,993$1,796$1,255
11 years$2,436$2,179$1,945$1,735$1,545$1,035
12 years$2,210$1,955$1,726$1,521$1,339$859
13 years$2,019$1,767$1,542$1,343$1,167$716
14 years$1,856$1,606$1,386$1,192$1,023$600
15 years$1,714$1,467$1,251$1,063$901$504
16 years$1,591$1,346$1,134$952$796$425
17 years$1,481$1,240$1,032$855$706$359
18 years$1,385$1,146$942$771$628$304
19 years$1,298$1,062$863$697$560$258
20 years$1,220$987$792$631$500$219
21 years$1,150$919$728$573$447$186
22 years$1,086$858$671$521$401$159
23 years$1,028$802$620$474$360$135
24 years$974$752$573$432$323$115
25 years$926$706$531$395$291$98
26 years$880$663$492$361$262$84
27 years$839$624$457$331$236$72
28 years$800$588$425$303$213$61
29 years$764$555$395$278$193$52
30 years$731$524$368$255$174$45
31 years$700$495$343$234$157$38
32 years$670$469$320$215$142$33
33 years$643$444$299$198$129$28
34 years$617$421$280$182$117$24
35 years$593$399$261$168$106$20
36 years$570$379$244$154$96$18
37 years$549$360$229$142$87$15
38 years$528$342$214$131$79$13
39 years$509$325$201$121$71$11
40 years$491$309$188$111$65$9
41 years$474$294$176$103$59$8
42 years$457$280$166$95$53$7
43 years$441$267$155$88$48$6
44 years$427$255$146$81$44$5
45 years$412$243$137$75$40$4
46 years$399$232$129$69$36$4
47 years$386$221$121$64$33$3
48 years$374$211$114$59$30$3
49 years$362$201$107$54$27$2
50 years$351$192$100$50$25$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $359,000, adding $5,186 every year, while hoping to spend $26,922 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: 57/38/5 Blend
54$359,000$359,000$359,000$359,000
55$400,967$381,940$376,376$423,142
56$413,221$372,011$360,340$428,719
57$425,823$360,692$342,864$431,290
58$438,779$347,888$323,872$433,416
59$452,096$333,497$303,284$435,056
60$465,782$317,410$281,016$436,167
61$479,842$299,513$256,980$436,703
62$494,283$279,686$231,085$436,615
63$509,109$257,801$203,237$435,850
64$524,327$233,721$173,334$434,353
65$539,941$207,306$141,273$432,065
66$555,954$178,404$106,945$428,922
67$572,370$146,854$70,237$424,858
68$589,192$112,490$31,029$419,799
69$606,421$75,133$0$413,671
70$624,056$34,595$0$406,968
71$642,097$0$0$400,831
72$660,541$0$0$397,417
73$679,385$0$0$408,702
74$698,622$0$0$420,217
75$718,245$0$0$431,957
76$738,242$0$0$443,913
77$758,602$0$0$456,078
78$779,307$0$0$468,440
79$800,339$0$0$480,987
80$821,675$0$0$493,704
81$843,288$0$0$506,574
82$865,146$0$0$519,575
83$887,213$0$0$532,685
84$909,446$0$0$545,875
85$931,796$0$0$559,114
86$954,208$0$0$572,368
87$976,618$0$0$585,594
88$998,954$0$0$598,746
89$1,021,134$0$0$611,773
90$1,043,066$0$0$624,616
91$1,064,644$0$0$637,207
92$1,085,752$0$0$649,472
93$1,106,257$0$0$661,327
94$1,126,011$0$0$672,678
95$1,144,848$0$0$683,420
96$1,162,581$0$0$693,434
97$1,179,004$0$0$702,590
98$1,193,883$0$0$710,740
99$1,206,961$0$0$717,720
100$1,217,949$0$0$723,348