Can I retire at age 55 with 377,000?

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 $377,000?

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$31,132$30,855$30,584$30,320$30,063$29,431
2 years$15,412$15,125$14,847$14,577$14,315$13,683
3 years$10,173$9,884$9,607$9,340$9,082$8,468
4 years$7,553$7,266$6,991$6,729$6,478$5,886
5 years$5,982$5,697$5,426$5,168$4,924$4,357
6 years$4,935$4,652$4,385$4,133$3,896$3,354
7 years$4,188$3,907$3,644$3,398$3,169$2,651
8 years$3,627$3,349$3,090$2,851$2,629$2,136
9 years$3,192$2,916$2,662$2,428$2,214$1,746
10 years$2,843$2,570$2,320$2,093$1,886$1,442
11 years$2,558$2,288$2,043$1,822$1,622$1,202
12 years$2,321$2,053$1,813$1,598$1,406$1,009
13 years$2,121$1,856$1,620$1,411$1,226$851
14 years$1,949$1,687$1,455$1,252$1,075$721
15 years$1,800$1,541$1,314$1,117$946$614
16 years$1,670$1,414$1,191$1,000$836$524
17 years$1,556$1,302$1,084$898$741$448
18 years$1,454$1,203$990$810$659$384
19 years$1,363$1,115$906$732$588$330
20 years$1,281$1,036$831$663$525$284
21 years$1,207$965$765$601$470$245
22 years$1,140$901$705$547$421$211
23 years$1,079$843$651$498$378$182
24 years$1,023$789$602$454$340$157
25 years$972$741$557$415$306$136
26 years$925$696$517$379$275$118
27 years$881$655$480$347$248$102
28 years$840$618$446$318$224$88
29 years$803$583$415$292$202$77
30 years$767$550$387$268$183$66
31 years$735$520$361$246$165$58
32 years$704$492$337$226$149$50
33 years$675$466$314$208$135$43
34 years$648$442$294$191$122$38
35 years$623$419$274$176$111$33
36 years$599$398$257$162$101$28
37 years$576$378$240$149$91$25
38 years$555$359$225$138$83$21
39 years$535$341$211$127$75$19
40 years$515$325$198$117$68$16
41 years$497$309$185$108$62$14
42 years$480$294$174$100$56$12
43 years$464$280$163$92$51$11
44 years$448$267$153$85$46$9
45 years$433$255$144$78$42$8
46 years$419$243$135$72$38$7
47 years$405$232$127$67$34$6
48 years$392$222$119$62$31$5
49 years$380$212$112$57$28$5
50 years$368$202$105$53$26$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $377,000, adding $3,719 every year, while hoping to spend $30,663 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: 46/44/10 Blend
54$377,000$377,000$377,000$377,000
55$419,290$399,309$393,466$437,241
56$429,433$386,250$374,022$436,964
57$439,582$371,523$352,898$433,203
58$449,706$355,015$330,008$428,426
59$459,770$336,604$305,256$422,550
60$469,732$316,164$278,548$415,486
61$479,547$293,558$249,782$407,138
62$489,163$268,645$218,852$397,403
63$498,522$241,272$185,647$386,171
64$507,558$211,282$150,054$373,322
65$516,200$178,505$111,951$358,731
66$524,364$142,764$71,213$342,260
67$531,959$103,870$27,709$323,763
68$538,884$61,624$0$303,082
69$545,024$15,818$0$282,045
70$550,252$0$0$261,759
71$554,427$0$0$255,434
72$557,391$0$0$256,130
73$558,970$0$0$256,098
74$558,969$0$0$255,239
75$557,171$0$0$253,442
76$553,338$0$0$250,585
77$547,202$0$0$246,533
78$538,470$0$0$241,134
79$526,814$0$0$234,223
80$511,871$0$0$225,614
81$493,241$0$0$215,104
82$470,479$0$0$202,465
83$443,094$0$0$187,448
84$410,541$0$0$169,775
85$372,219$0$0$149,142
86$327,462$0$0$125,208
87$275,533$0$0$97,599
88$215,620$0$0$65,903
89$146,824$0$0$29,661
90$68,150$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0