Can I retire at age 55 with 362,000?

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 $362,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$29,894$29,627$29,368$29,114$28,866$28,470
2 years$14,799$14,523$14,256$13,997$13,746$13,348
3 years$9,768$9,491$9,225$8,968$8,721$8,333
4 years$7,253$6,977$6,713$6,461$6,220$5,845
5 years$5,744$5,470$5,210$4,963$4,728$4,367
6 years$4,739$4,467$4,210$3,969$3,741$3,395
7 years$4,021$3,751$3,499$3,263$3,043$2,711
8 years$3,483$3,215$2,967$2,737$2,524$2,207
9 years$3,065$2,800$2,556$2,331$2,126$1,823
10 years$2,730$2,468$2,228$2,010$1,811$1,523
11 years$2,457$2,197$1,962$1,749$1,558$1,284
12 years$2,229$1,972$1,741$1,534$1,350$1,090
13 years$2,036$1,782$1,555$1,354$1,177$930
14 years$1,871$1,620$1,397$1,202$1,032$798
15 years$1,729$1,480$1,262$1,072$909$687
16 years$1,604$1,358$1,144$960$803$594
17 years$1,494$1,250$1,041$863$712$515
18 years$1,396$1,155$950$777$633$447
19 years$1,309$1,071$870$702$564$389
20 years$1,230$995$798$636$504$340
21 years$1,159$927$734$577$451$297
22 years$1,095$865$677$525$404$259
23 years$1,036$809$625$478$363$227
24 years$983$758$578$436$326$199
25 years$933$711$535$398$294$175
26 years$888$669$496$364$264$153
27 years$846$629$461$333$238$135
28 years$807$593$429$305$215$118
29 years$771$559$399$280$194$104
30 years$737$528$371$257$175$92
31 years$705$499$346$236$159$81
32 years$676$473$323$217$144$71
33 years$648$447$302$199$130$62
34 years$622$424$282$184$118$55
35 years$598$402$264$169$107$48
36 years$575$382$247$156$97$43
37 years$553$363$231$143$87$38
38 years$533$345$216$132$79$33
39 years$513$328$202$122$72$29
40 years$495$312$190$112$65$26
41 years$477$297$178$104$59$23
42 years$461$283$167$96$54$20
43 years$445$269$157$88$49$18
44 years$430$257$147$82$44$16
45 years$416$245$138$75$40$14
46 years$402$234$130$70$36$12
47 years$389$223$122$64$33$11
48 years$377$213$114$59$30$9
49 years$365$203$108$55$27$8
50 years$353$194$101$51$25$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $362,000, adding $2,572 every year, while hoping to spend $24,674 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: 53/28/19 Blend
54$362,000$362,000$362,000$362,000
55$401,577$382,391$376,780$420,651
56$416,285$374,875$363,149$426,500
57$431,666$366,164$348,235$430,058
58$447,763$356,173$331,968$433,394
59$464,622$344,813$314,276$436,495
60$482,293$331,988$295,084$439,347
61$500,830$317,599$274,312$441,939
62$520,293$301,539$251,880$444,255
63$540,744$283,696$227,699$446,285
64$562,254$263,952$201,681$448,016
65$584,899$242,179$173,732$449,437
66$608,759$218,247$143,753$450,538
67$633,926$192,015$111,642$451,310
68$660,497$163,334$77,292$451,746
69$688,578$132,047$40,592$451,840
70$718,285$97,990$1,424$451,588
71$749,747$60,988$0$450,990
72$783,100$20,856$0$458,233
73$818,497$0$0$465,977
74$856,104$0$0$480,933
75$896,101$0$0$503,692
76$938,688$0$0$527,945
77$984,080$0$0$553,818
78$1,032,516$0$0$581,448
79$1,084,257$0$0$610,987
80$1,139,587$0$0$642,601
81$1,198,821$0$0$676,473
82$1,262,300$0$0$712,802
83$1,330,403$0$0$751,807
84$1,403,541$0$0$793,730
85$1,482,169$0$0$838,833
86$1,566,783$0$0$887,408
87$1,657,932$0$0$939,772
88$1,756,215$0$0$996,276
89$1,862,292$0$0$1,057,303
90$1,976,887$0$0$1,123,276
91$2,100,798$0$0$1,194,660
92$2,234,898$0$0$1,271,964
93$2,380,151$0$0$1,355,750
94$2,537,615$0$0$1,446,635
95$2,708,452$0$0$1,545,296
96$2,893,944$0$0$1,652,481
97$3,095,496$0$0$1,769,011
98$3,314,656$0$0$1,895,787
99$3,553,129$0$0$2,033,804
100$3,812,789$0$0$2,184,155