Can I retire at age 55 with 363,000?

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 $363,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$29,976$29,709$29,449$29,194$28,946$28,525
2 years$14,840$14,563$14,295$14,036$13,784$13,361
3 years$9,795$9,517$9,250$8,993$8,745$8,333
4 years$7,273$6,996$6,732$6,479$6,237$5,839
5 years$5,760$5,485$5,224$4,976$4,741$4,358
6 years$4,752$4,479$4,222$3,980$3,752$3,384
7 years$4,032$3,761$3,508$3,272$3,051$2,700
8 years$3,493$3,224$2,975$2,745$2,531$2,195
9 years$3,073$2,807$2,563$2,338$2,132$1,812
10 years$2,738$2,475$2,234$2,015$1,816$1,511
11 years$2,463$2,203$1,967$1,754$1,562$1,272
12 years$2,235$1,977$1,746$1,538$1,354$1,079
13 years$2,042$1,787$1,560$1,358$1,180$920
14 years$1,877$1,624$1,401$1,206$1,035$788
15 years$1,733$1,484$1,265$1,075$911$678
16 years$1,608$1,361$1,147$963$805$585
17 years$1,498$1,254$1,044$865$714$506
18 years$1,400$1,158$953$780$635$439
19 years$1,312$1,074$872$704$566$382
20 years$1,234$998$801$638$505$332
21 years$1,163$929$736$579$452$290
22 years$1,098$867$679$526$405$253
23 years$1,039$811$627$479$364$221
24 years$985$760$580$437$327$194
25 years$936$713$537$399$294$170
26 years$890$670$498$365$265$149
27 years$848$631$462$334$239$130
28 years$809$595$430$306$216$114
29 years$773$561$400$281$195$100
30 years$739$530$372$258$176$88
31 years$707$501$347$237$159$78
32 years$678$474$324$218$144$68
33 years$650$449$303$200$130$60
34 years$624$425$283$184$118$53
35 years$600$403$264$169$107$46
36 years$577$383$247$156$97$41
37 years$555$364$231$144$88$36
38 years$534$346$217$133$80$32
39 years$515$329$203$122$72$28
40 years$496$313$190$113$65$24
41 years$479$298$178$104$59$22
42 years$462$283$167$96$54$19
43 years$446$270$157$89$49$17
44 years$431$257$147$82$44$15
45 years$417$245$138$76$40$13
46 years$403$234$130$70$37$11
47 years$390$223$122$64$33$10
48 years$378$213$115$60$30$9
49 years$366$204$108$55$27$8
50 years$354$195$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 $363,000, adding $4,328 every year, while hoping to spend $21,028 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: 30/49/21 Blend
54$363,000$363,000$363,000$363,000
55$404,490$385,251$379,625$413,864
56$423,375$381,755$369,969$417,869
57$443,481$377,383$359,284$419,993
58$464,910$372,069$347,515$421,837
59$487,776$365,745$334,601$423,389
60$512,200$358,338$320,482$424,640
61$538,318$349,770$305,091$425,579
62$566,277$339,959$288,362$426,200
63$596,239$328,819$270,224$426,494
64$628,381$316,257$250,602$426,459
65$662,898$302,176$229,420$426,091
66$700,005$286,473$206,597$425,391
67$739,935$269,040$182,048$424,363
68$782,947$249,762$155,685$423,013
69$829,324$228,516$127,416$421,352
70$879,376$205,175$97,146$419,397
71$933,446$179,602$64,774$417,169
72$991,909$151,654$30,195$414,695
73$1,055,177$121,178$0$412,011
74$1,123,705$88,015$0$410,662
75$1,197,990$51,996$0$416,515
76$1,278,583$12,941$0$422,887
77$1,366,085$0$0$429,879
78$1,461,161$0$0$453,429
79$1,564,540$0$0$486,673
80$1,677,025$0$0$522,897
81$1,799,501$0$0$562,395
82$1,932,938$0$0$605,485
83$2,078,408$0$0$652,521
84$2,237,088$0$0$703,890
85$2,410,273$0$0$760,021
86$2,599,391$0$0$821,384
87$2,806,012$0$0$888,496
88$3,031,864$0$0$961,929
89$3,278,853$0$0$1,042,311
90$3,549,073$0$0$1,130,333
91$3,844,832$0$0$1,226,757
92$4,168,673$0$0$1,332,421
93$4,523,392$0$0$1,448,251
94$4,912,072$0$0$1,575,262
95$5,338,108$0$0$1,714,576
96$5,805,237$0$0$1,867,428
97$6,317,576$0$0$2,035,176
98$6,879,661$0$0$2,219,319
99$7,496,485$0$0$2,421,505
100$8,173,551$0$0$2,643,553