Can I retire at age 55 with 379,000?

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 $379,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$31,297$31,019$30,747$30,481$30,222$29,011
2 years$15,494$15,205$14,926$14,654$14,391$13,187
3 years$10,227$9,937$9,658$9,389$9,131$7,970
4 years$7,594$7,305$7,028$6,764$6,512$5,405
5 years$6,014$5,727$5,454$5,196$4,950$3,899
6 years$4,961$4,676$4,408$4,155$3,917$2,922
7 years$4,210$3,927$3,663$3,416$3,186$2,246
8 years$3,646$3,366$3,107$2,866$2,643$1,758
9 years$3,208$2,931$2,676$2,441$2,226$1,395
10 years$2,858$2,584$2,333$2,104$1,896$1,118
11 years$2,572$2,300$2,054$1,831$1,631$902
12 years$2,334$2,064$1,823$1,606$1,413$733
13 years$2,132$1,866$1,628$1,418$1,232$598
14 years$1,959$1,696$1,463$1,259$1,080$490
15 years$1,810$1,549$1,321$1,123$951$403
16 years$1,679$1,421$1,198$1,005$841$332
17 years$1,564$1,309$1,090$903$745$274
18 years$1,462$1,210$995$814$663$226
19 years$1,370$1,121$911$735$591$187
20 years$1,288$1,042$836$666$528$155
21 years$1,214$970$769$605$472$129
22 years$1,146$906$709$550$423$107
23 years$1,085$847$654$501$380$89
24 years$1,029$794$605$457$342$74
25 years$977$745$560$417$307$61
26 years$930$700$520$381$277$51
27 years$886$659$483$349$250$43
28 years$845$621$449$320$225$35
29 years$807$586$418$293$203$29
30 years$771$553$389$269$184$25
31 years$739$523$363$247$166$20
32 years$708$495$338$227$150$17
33 years$679$468$316$209$136$14
34 years$652$444$295$192$123$12
35 years$626$421$276$177$112$10
36 years$602$400$258$163$101$8
37 years$579$380$242$150$92$7
38 years$558$361$226$138$83$6
39 years$537$343$212$128$75$5
40 years$518$326$199$118$68$4
41 years$500$311$186$109$62$3
42 years$483$296$175$100$56$3
43 years$466$282$164$92$51$2
44 years$450$269$154$85$46$2
45 years$435$256$145$79$42$2
46 years$421$244$136$73$38$1
47 years$407$233$128$67$35$1
48 years$394$223$120$62$31$1
49 years$382$213$113$57$29$1
50 years$370$203$106$53$26$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $379,000, adding $6,746 every year, while hoping to spend $30,335 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: 49/24/27 Blend
54$379,000$379,000$379,000$379,000
55$424,616$404,529$398,655$441,879
56$435,651$392,075$379,734$442,199
57$446,795$377,994$359,162$439,003
58$458,026$362,174$336,852$434,934
59$469,321$344,497$312,713$429,923
60$480,653$324,838$286,650$423,899
61$491,989$303,065$258,563$416,783
62$503,295$279,038$228,347$408,491
63$514,529$252,609$195,895$398,934
64$525,645$223,621$161,092$388,017
65$536,593$191,910$123,820$375,636
66$547,313$157,302$83,955$361,683
67$557,740$119,611$41,369$346,039
68$567,801$78,643$0$328,578
69$577,413$34,192$0$310,340
70$586,483$0$0$302,798
71$594,909$0$0$297,596
72$602,576$0$0$300,992
73$609,355$0$0$303,884
74$615,103$0$0$306,195
75$619,660$0$0$307,839
76$622,849$0$0$308,718
77$624,474$0$0$308,725
78$624,313$0$0$307,741
79$622,125$0$0$305,635
80$617,639$0$0$302,258
81$610,555$0$0$297,448
82$600,541$0$0$291,025
83$587,228$0$0$282,789
84$570,209$0$0$272,518
85$549,031$0$0$259,968
86$523,193$0$0$244,866
87$492,142$0$0$226,913
88$455,264$0$0$205,777
89$411,883$0$0$181,090
90$361,247$0$0$152,446
91$302,527$0$0$119,396
92$234,808$0$0$81,444
93$157,077$0$0$38,043
94$68,214$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