Can I retire at age 55 with 371,000?

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 $371,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$30,637$30,364$30,098$29,838$29,584$29,130
2 years$15,167$14,884$14,611$14,345$14,088$13,631
3 years$10,011$9,727$9,454$9,191$8,938$8,493
4 years$7,433$7,150$6,880$6,622$6,375$5,945
5 years$5,887$5,606$5,339$5,086$4,846$4,433
6 years$4,857$4,578$4,315$4,067$3,834$3,439
7 years$4,121$3,844$3,586$3,344$3,118$2,740
8 years$3,569$3,295$3,041$2,805$2,587$2,226
9 years$3,141$2,869$2,619$2,389$2,179$1,834
10 years$2,798$2,529$2,283$2,060$1,856$1,529
11 years$2,518$2,251$2,010$1,793$1,596$1,285
12 years$2,284$2,021$1,784$1,572$1,383$1,088
13 years$2,087$1,826$1,594$1,388$1,206$926
14 years$1,918$1,660$1,432$1,232$1,058$793
15 years$1,772$1,516$1,293$1,099$931$681
16 years$1,644$1,391$1,172$984$823$587
17 years$1,531$1,281$1,067$884$730$507
18 years$1,431$1,184$974$797$649$439
19 years$1,341$1,097$892$720$578$381
20 years$1,261$1,020$818$652$517$332
21 years$1,188$950$753$592$462$289
22 years$1,122$887$694$538$414$252
23 years$1,062$829$640$490$372$220
24 years$1,007$777$592$447$334$192
25 years$956$729$549$408$301$168
26 years$910$685$509$373$271$147
27 years$867$645$472$342$244$129
28 years$827$608$439$313$220$113
29 years$790$573$409$287$199$99
30 years$755$541$381$263$180$87
31 years$723$512$355$242$163$76
32 years$693$484$331$222$147$67
33 years$664$459$309$204$133$59
34 years$638$435$289$188$121$51
35 years$613$412$270$173$109$45
36 years$589$391$253$159$99$40
37 years$567$372$236$147$90$35
38 years$546$353$221$135$81$31
39 years$526$336$207$125$74$27
40 years$507$320$194$115$67$24
41 years$489$304$182$106$61$21
42 years$472$290$171$98$55$18
43 years$456$276$161$91$50$16
44 years$441$263$151$84$45$14
45 years$426$251$141$77$41$12
46 years$412$239$133$71$37$11
47 years$399$228$125$66$34$10
48 years$386$218$117$61$31$8
49 years$374$208$110$56$28$7
50 years$362$199$104$52$25$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $371,000, adding $2,254 every year, while hoping to spend $24,865 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: 45/39/16 Blend
54$371,000$371,000$371,000$371,000
55$411,167$391,504$385,754$427,691
56$426,650$384,232$372,220$432,181
57$442,879$375,769$357,400$434,375
58$459,903$366,033$341,224$436,219
59$477,777$354,933$323,619$437,693
60$496,560$342,374$304,510$438,774
61$516,315$328,256$283,817$439,440
62$537,112$312,474$261,457$439,667
63$559,027$294,914$237,345$439,434
64$582,141$275,458$211,390$438,718
65$606,545$253,982$183,497$437,497
66$632,337$230,351$153,568$435,747
67$659,623$204,425$121,500$433,449
68$688,520$176,057$87,186$430,582
69$719,155$145,091$50,513$427,126
70$751,668$111,359$11,364$423,063
71$786,211$74,688$0$418,378
72$822,950$34,893$0$418,248
73$862,067$0$0$419,878
74$903,763$0$0$424,869
75$948,255$0$0$446,198
76$995,783$0$0$469,010
77$1,046,609$0$0$493,434
78$1,101,021$0$0$519,611
79$1,159,335$0$0$547,697
80$1,221,896$0$0$577,864
81$1,289,083$0$0$610,298
82$1,361,314$0$0$645,205
83$1,439,047$0$0$682,812
84$1,522,782$0$0$723,366
85$1,613,073$0$0$767,140
86$1,710,525$0$0$814,433
87$1,815,803$0$0$865,576
88$1,929,641$0$0$920,929
89$2,052,842$0$0$980,891
90$2,186,290$0$0$1,045,899
91$2,330,957$0$0$1,116,434
92$2,487,914$0$0$1,193,024
93$2,658,334$0$0$1,276,253
94$2,843,512$0$0$1,366,759
95$3,044,870$0$0$1,465,247
96$3,263,973$0$0$1,572,492
97$3,502,543$0$0$1,689,347
98$3,762,475$0$0$1,816,749
99$4,045,854$0$0$1,955,731
100$4,354,976$0$0$2,107,430