Can I retire at age 55 with 387,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $387,000?

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$31,958$31,673$31,396$31,125$30,860$29,718
2 years$15,821$15,526$15,241$14,964$14,695$13,557
3 years$10,442$10,147$9,862$9,587$9,323$8,226
4 years$7,754$7,459$7,177$6,907$6,649$5,600
5 years$6,141$5,848$5,569$5,305$5,055$4,057
6 years$5,066$4,775$4,501$4,243$4,000$3,054
7 years$4,299$4,010$3,740$3,488$3,253$2,358
8 years$3,723$3,437$3,172$2,926$2,699$1,855
9 years$3,276$2,993$2,732$2,492$2,273$1,479
10 years$2,919$2,638$2,382$2,149$1,936$1,191
11 years$2,626$2,349$2,097$1,870$1,665$967
12 years$2,383$2,108$1,861$1,640$1,443$789
13 years$2,177$1,905$1,663$1,448$1,258$648
14 years$2,001$1,732$1,494$1,285$1,103$534
15 years$1,848$1,582$1,349$1,146$971$441
16 years$1,715$1,451$1,223$1,026$858$365
17 years$1,597$1,337$1,113$922$761$303
18 years$1,493$1,235$1,016$831$677$252
19 years$1,399$1,145$930$751$603$210
20 years$1,315$1,064$853$680$539$175
21 years$1,239$991$785$617$482$146
22 years$1,171$925$724$561$432$122
23 years$1,108$865$668$511$388$102
24 years$1,050$810$618$466$349$86
25 years$998$761$572$426$314$72
26 years$949$715$531$389$283$60
27 years$904$673$493$356$255$50
28 years$863$634$458$326$230$42
29 years$824$598$426$299$208$35
30 years$788$565$397$275$188$30
31 years$754$534$370$252$170$25
32 years$723$505$345$232$153$21
33 years$693$478$323$213$139$17
34 years$665$453$301$196$126$15
35 years$639$430$282$181$114$12
36 years$615$408$264$166$103$10
37 years$591$388$247$153$94$9
38 years$570$368$231$141$85$7
39 years$549$350$216$130$77$6
40 years$529$333$203$120$70$5
41 years$510$317$190$111$63$4
42 years$493$302$178$102$57$4
43 years$476$288$167$94$52$3
44 years$460$274$157$87$47$3
45 years$445$262$148$81$43$2
46 years$430$250$139$74$39$2
47 years$416$238$130$69$35$1
48 years$403$227$122$64$32$1
49 years$390$217$115$59$29$1
50 years$378$207$108$54$27$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $387,000, adding $5,072 every year, while hoping to spend $23,031 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: 50/43/7 Blend
54$387,000$387,000$387,000$387,000
55$431,706$411,195$405,196$452,272
56$451,235$406,839$394,266$462,490
57$471,984$401,497$382,197$470,697
58$494,054$395,097$368,927$479,070
59$517,553$387,563$354,392$487,629
60$542,602$378,812$338,523$496,399
61$569,332$368,759$321,248$505,408
62$597,887$357,311$302,493$514,689
63$628,425$344,373$282,181$524,279
64$661,119$329,842$260,228$534,222
65$696,159$313,609$236,551$544,567
66$733,752$295,561$211,060$555,372
67$774,127$275,576$183,663$566,700
68$817,534$253,526$154,262$578,625
69$864,249$229,275$122,757$591,230
70$914,574$202,681$89,041$604,610
71$968,841$173,592$53,003$618,871
72$1,027,413$141,848$14,529$634,134
73$1,090,692$107,282$0$650,535
74$1,159,117$69,714$0$670,208
75$1,233,173$28,956$0$692,631
76$1,313,392$0$0$716,921
77$1,400,357$0$0$750,493
78$1,494,712$0$0$801,818
79$1,597,164$0$0$857,584
80$1,708,491$0$0$918,217
81$1,829,548$0$0$984,190
82$1,961,278$0$0$1,056,021
83$2,104,714$0$0$1,134,278
84$2,260,998$0$0$1,219,590
85$2,431,384$0$0$1,312,646
86$2,617,251$0$0$1,414,207
87$2,820,120$0$0$1,525,109
88$3,041,662$0$0$1,646,272
89$3,283,719$0$0$1,778,711
90$3,548,318$0$0$1,923,540
91$3,837,690$0$0$2,081,990
92$4,154,293$0$0$2,255,411
93$4,500,832$0$0$2,445,296
94$4,880,285$0$0$2,653,283
95$5,295,935$0$0$2,881,180
96$5,751,394$0$0$3,130,976
97$6,250,640$0$0$3,404,862
98$6,798,057$0$0$3,705,253
99$7,398,470$0$0$4,034,805
100$8,057,197$0$0$4,396,449