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%15.1%
1 years$30,637$30,364$30,098$29,838$29,584$28,963
2 years$15,167$14,884$14,611$14,345$14,088$13,465
3 years$10,011$9,727$9,454$9,191$8,938$8,333
4 years$7,433$7,150$6,880$6,622$6,375$5,792
5 years$5,887$5,606$5,339$5,086$4,846$4,287
6 years$4,857$4,578$4,315$4,067$3,834$3,300
7 years$4,121$3,844$3,586$3,344$3,118$2,609
8 years$3,569$3,295$3,041$2,805$2,587$2,102
9 years$3,141$2,869$2,619$2,389$2,179$1,718
10 years$2,798$2,529$2,283$2,060$1,856$1,420
11 years$2,518$2,251$2,010$1,793$1,596$1,183
12 years$2,284$2,021$1,784$1,572$1,383$993
13 years$2,087$1,826$1,594$1,388$1,206$837
14 years$1,918$1,660$1,432$1,232$1,058$710
15 years$1,772$1,516$1,293$1,099$931$604
16 years$1,644$1,391$1,172$984$823$515
17 years$1,531$1,281$1,067$884$730$441
18 years$1,431$1,184$974$797$649$378
19 years$1,341$1,097$892$720$578$325
20 years$1,261$1,020$818$652$517$279
21 years$1,188$950$753$592$462$241
22 years$1,122$887$694$538$414$208
23 years$1,062$829$640$490$372$179
24 years$1,007$777$592$447$334$155
25 years$956$729$549$408$301$134
26 years$910$685$509$373$271$116
27 years$867$645$472$342$244$100
28 years$827$608$439$313$220$87
29 years$790$573$409$287$199$75
30 years$755$541$381$263$180$65
31 years$723$512$355$242$163$57
32 years$693$484$331$222$147$49
33 years$664$459$309$204$133$43
34 years$638$435$289$188$121$37
35 years$613$412$270$173$109$32
36 years$589$391$253$159$99$28
37 years$567$372$236$147$90$24
38 years$546$353$221$135$81$21
39 years$526$336$207$125$74$18
40 years$507$320$194$115$67$16
41 years$489$304$182$106$61$14
42 years$472$290$171$98$55$12
43 years$456$276$161$91$50$10
44 years$441$263$151$84$45$9
45 years$426$251$141$77$41$8
46 years$412$239$133$71$37$7
47 years$399$228$125$66$34$6
48 years$386$218$117$61$31$5
49 years$374$208$110$56$28$4
50 years$362$199$104$52$25$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $371,000, adding $3,105 every year, while hoping to spend $26,661 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: 58/23/19 Blend
54$371,000$371,000$371,000$371,000
55$412,045$392,382$386,631$433,707
56$425,706$383,241$371,216$439,631
57$439,868$372,760$354,391$442,919
58$454,552$360,842$336,081$445,904
59$469,783$347,391$316,207$448,564
60$485,587$332,299$294,686$450,874
61$501,991$315,456$271,432$452,807
62$519,026$296,745$246,357$454,336
63$536,721$276,040$219,364$455,433
64$555,111$253,211$190,358$456,069
65$574,232$228,117$159,234$456,212
66$594,122$200,613$125,887$455,831
67$614,822$170,543$90,204$454,894
68$636,377$137,742$52,068$453,365
69$658,834$102,038$11,359$451,210
70$682,244$63,247$0$448,392
71$706,662$21,176$0$451,378
72$732,149$0$0$456,507
73$758,767$0$0$467,631
74$786,586$0$0$484,866
75$815,682$0$0$502,899
76$846,134$0$0$521,782
77$878,031$0$0$541,569
78$911,467$0$0$562,322
79$946,547$0$0$584,106
80$983,380$0$0$606,990
81$1,022,090$0$0$631,053
82$1,062,808$0$0$656,378
83$1,105,678$0$0$683,057
84$1,150,856$0$0$711,188
85$1,198,513$0$0$740,880
86$1,248,834$0$0$772,251
87$1,302,022$0$0$805,429
88$1,358,299$0$0$840,555
89$1,417,905$0$0$877,783
90$1,481,104$0$0$917,280
91$1,548,185$0$0$959,230
92$1,619,462$0$0$1,003,833
93$1,695,280$0$0$1,051,308
94$1,776,017$0$0$1,101,896
95$1,862,085$0$0$1,155,859
96$1,953,936$0$0$1,213,486
97$2,052,068$0$0$1,275,093
98$2,157,021$0$0$1,341,025
99$2,269,393$0$0$1,411,663
100$2,389,836$0$0$1,487,421