Can I retire at age 55 with 372,000?

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 $372,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$30,719$30,446$30,179$29,918$29,664$29,245
2 years$15,208$14,924$14,650$14,384$14,126$13,704
3 years$10,038$9,753$9,479$9,216$8,962$8,551
4 years$7,453$7,170$6,899$6,639$6,392$5,995
5 years$5,903$5,621$5,354$5,100$4,859$4,477
6 years$4,870$4,590$4,327$4,078$3,845$3,479
7 years$4,132$3,855$3,595$3,353$3,127$2,776
8 years$3,579$3,304$3,049$2,813$2,594$2,259
9 years$3,149$2,877$2,626$2,396$2,184$1,865
10 years$2,805$2,536$2,290$2,065$1,861$1,557
11 years$2,524$2,258$2,016$1,797$1,601$1,312
12 years$2,290$2,026$1,789$1,577$1,387$1,113
13 years$2,093$1,831$1,598$1,392$1,210$949
14 years$1,923$1,664$1,436$1,236$1,060$814
15 years$1,776$1,520$1,297$1,102$934$700
16 years$1,648$1,395$1,176$987$825$605
17 years$1,535$1,285$1,070$886$732$524
18 years$1,435$1,187$976$799$651$455
19 years$1,345$1,100$894$722$580$396
20 years$1,264$1,022$820$654$518$345
21 years$1,191$952$755$593$463$301
22 years$1,125$889$695$539$415$263
23 years$1,065$831$642$491$373$230
24 years$1,010$779$594$448$335$201
25 years$959$731$550$409$302$177
26 years$912$687$510$374$272$155
27 years$869$647$474$343$245$136
28 years$829$609$440$314$221$119
29 years$792$575$410$288$200$105
30 years$757$543$382$264$180$92
31 years$725$513$356$243$163$81
32 years$695$486$332$223$147$71
33 years$666$460$310$205$133$63
34 years$640$436$290$189$121$55
35 years$614$413$271$174$109$49
36 years$591$392$253$160$99$43
37 years$569$373$237$147$90$38
38 years$547$354$222$136$81$33
39 years$527$337$208$125$74$29
40 years$509$320$195$115$67$26
41 years$491$305$183$107$61$23
42 years$474$290$172$98$55$20
43 years$457$277$161$91$50$18
44 years$442$264$151$84$45$16
45 years$427$252$142$77$41$14
46 years$413$240$133$72$37$12
47 years$400$229$125$66$34$11
48 years$387$219$118$61$31$9
49 years$375$209$111$56$28$8
50 years$363$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 $372,000, adding $2,906 every year, while hoping to spend $26,443 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: 60/11/29 Blend
54$372,000$372,000$372,000$372,000
55$412,942$393,226$387,460$434,310
56$426,926$384,358$372,304$440,367
57$441,452$374,171$355,755$443,903
58$456,544$362,569$337,737$447,213
59$472,233$349,457$318,173$450,282
60$488,549$334,729$296,981$453,093
61$505,527$318,276$274,075$455,632
62$523,201$299,982$249,367$457,881
63$541,611$279,724$222,764$459,823
64$560,797$257,373$194,168$461,444
65$580,804$232,790$163,479$462,725
66$601,681$205,831$130,590$463,649
67$623,478$176,343$95,391$464,202
68$646,252$144,163$57,765$464,365
69$670,064$109,120$17,594$464,124
70$694,977$71,034$0$463,462
71$721,064$29,714$0$470,187
72$748,400$0$0$482,782
73$777,069$0$0$497,648
74$807,161$0$0$517,036
75$838,773$0$0$537,413
76$872,012$0$0$558,850
77$906,993$0$0$581,421
78$943,843$0$0$605,210
79$982,697$0$0$630,307
80$1,023,707$0$0$656,809
81$1,067,033$0$0$684,825
82$1,112,855$0$0$714,470
83$1,161,366$0$0$745,873
84$1,212,777$0$0$779,172
85$1,267,319$0$0$814,520
86$1,325,247$0$0$852,084
87$1,386,836$0$0$892,045
88$1,452,390$0$0$934,604
89$1,522,238$0$0$979,978
90$1,596,745$0$0$1,028,406
91$1,676,308$0$0$1,080,151
92$1,761,362$0$0$1,135,500
93$1,852,385$0$0$1,194,767
94$1,949,900$0$0$1,258,298
95$2,054,482$0$0$1,326,472
96$2,166,760$0$0$1,399,704
97$2,287,427$0$0$1,478,450
98$2,417,240$0$0$1,563,212
99$2,557,034$0$0$1,654,539
100$2,707,725$0$0$1,753,036