Can I retire at age 55 with 385,000?

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 $385,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$31,793$31,510$31,233$30,964$30,700$29,564
2 years$15,739$15,446$15,162$14,886$14,619$13,487
3 years$10,388$10,094$9,811$9,538$9,275$8,183
4 years$7,714$7,420$7,140$6,872$6,615$5,571
5 years$6,109$5,818$5,541$5,278$5,029$4,036
6 years$5,040$4,750$4,478$4,221$3,979$3,038
7 years$4,277$3,989$3,721$3,470$3,236$2,346
8 years$3,704$3,420$3,156$2,911$2,685$1,845
9 years$3,259$2,977$2,718$2,480$2,261$1,471
10 years$2,904$2,624$2,370$2,137$1,926$1,185
11 years$2,613$2,336$2,086$1,860$1,657$962
12 years$2,370$2,097$1,851$1,632$1,436$785
13 years$2,166$1,895$1,654$1,440$1,252$644
14 years$1,990$1,723$1,486$1,279$1,097$531
15 years$1,838$1,574$1,342$1,140$966$439
16 years$1,706$1,444$1,217$1,021$854$364
17 years$1,589$1,330$1,107$917$757$302
18 years$1,485$1,229$1,011$827$673$251
19 years$1,392$1,139$925$747$600$209
20 years$1,308$1,058$849$677$536$174
21 years$1,233$986$781$614$480$146
22 years$1,165$920$720$558$430$122
23 years$1,102$861$665$508$386$102
24 years$1,045$806$615$464$347$85
25 years$993$757$569$424$312$71
26 years$944$711$528$387$281$60
27 years$900$669$490$354$254$50
28 years$858$631$456$325$229$42
29 years$820$595$424$298$207$35
30 years$784$562$395$273$187$29
31 years$750$531$368$251$169$25
32 years$719$503$344$231$153$21
33 years$689$476$321$212$138$17
34 years$662$451$300$195$125$15
35 years$636$428$280$180$113$12
36 years$611$406$262$165$103$10
37 years$588$386$245$152$93$9
38 years$567$367$230$141$84$7
39 years$546$349$215$130$76$6
40 years$526$332$202$120$69$5
41 years$508$316$189$110$63$4
42 years$490$301$178$102$57$4
43 years$473$286$167$94$52$3
44 years$457$273$156$87$47$3
45 years$442$260$147$80$43$2
46 years$428$248$138$74$39$2
47 years$414$237$130$68$35$1
48 years$401$226$122$63$32$1
49 years$388$216$114$58$29$1
50 years$376$206$108$54$26$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $385,000, adding $5,769 every year, while hoping to spend $26,666 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: 62/14/24 Blend
54$385,000$385,000$385,000$385,000
55$430,221$409,816$403,848$453,835
56$445,731$401,524$389,005$462,215
57$461,929$391,933$372,770$467,917
58$478,858$380,949$355,070$473,552
59$496,563$368,477$335,826$479,117
60$515,092$354,413$314,956$484,612
61$534,500$338,647$292,376$490,035
62$554,844$321,066$267,995$495,387
63$576,186$301,546$241,721$500,669
64$598,595$279,960$213,456$505,886
65$622,144$256,170$183,100$511,041
66$646,913$230,033$150,544$516,144
67$672,991$201,397$115,680$521,203
68$700,471$170,101$78,390$526,231
69$729,457$135,974$38,555$531,244
70$760,063$98,838$0$536,262
71$792,410$58,502$0$542,322
72$826,634$14,766$0$559,040
73$862,881$0$0$576,603
74$901,310$0$0$600,105
75$942,098$0$0$627,478
76$985,435$0$0$656,577
77$1,031,530$0$0$687,545
78$1,080,613$0$0$720,538
79$1,132,935$0$0$755,725
80$1,188,769$0$0$793,296
81$1,248,417$0$0$833,454
82$1,312,208$0$0$876,424
83$1,380,504$0$0$922,452
84$1,453,702$0$0$971,810
85$1,532,236$0$0$1,024,793
86$1,616,583$0$0$1,081,727
87$1,707,268$0$0$1,142,968
88$1,804,866$0$0$1,208,910
89$1,910,007$0$0$1,279,983
90$2,023,385$0$0$1,356,660
91$2,145,762$0$0$1,439,460
92$2,277,976$0$0$1,528,956
93$2,420,946$0$0$1,625,774
94$2,575,683$0$0$1,730,605
95$2,743,300$0$0$1,844,207
96$2,925,017$0$0$1,967,415
97$3,122,179$0$0$2,101,145
98$3,336,265$0$0$2,246,407
99$3,568,899$0$0$2,404,311
100$3,821,871$0$0$2,576,077