Can I retire at age 55 with 388,000?

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 $388,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$32,041$31,755$31,477$31,205$30,940$30,477
2 years$15,862$15,566$15,280$15,002$14,733$14,268
3 years$10,469$10,173$9,887$9,612$9,347$8,895
4 years$7,774$7,478$7,195$6,925$6,667$6,229
5 years$6,157$5,863$5,584$5,319$5,068$4,647
6 years$5,079$4,787$4,513$4,254$4,010$3,607
7 years$4,310$4,021$3,750$3,497$3,261$2,876
8 years$3,733$3,446$3,180$2,934$2,705$2,337
9 years$3,285$3,001$2,739$2,499$2,278$1,927
10 years$2,926$2,645$2,388$2,154$1,941$1,607
11 years$2,633$2,355$2,102$1,875$1,670$1,352
12 years$2,389$2,113$1,866$1,644$1,447$1,145
13 years$2,183$1,910$1,667$1,452$1,262$976
14 years$2,006$1,736$1,498$1,289$1,106$836
15 years$1,853$1,586$1,352$1,149$974$718
16 years$1,719$1,455$1,226$1,029$861$619
17 years$1,601$1,340$1,116$925$763$536
18 years$1,496$1,238$1,018$833$679$464
19 years$1,403$1,148$932$753$605$403
20 years$1,319$1,066$856$682$540$351
21 years$1,243$993$787$619$483$306
22 years$1,174$927$725$563$433$267
23 years$1,111$867$670$512$389$233
24 years$1,053$813$619$467$350$204
25 years$1,000$763$574$427$315$178
26 years$952$717$532$390$283$156
27 years$907$674$494$357$255$137
28 years$865$636$459$327$231$120
29 years$826$600$427$300$208$105
30 years$790$566$398$275$188$92
31 years$756$535$371$253$170$81
32 years$724$506$346$233$154$71
33 years$695$480$323$214$139$63
34 years$667$455$302$197$126$55
35 years$641$431$282$181$114$48
36 years$616$409$264$167$103$42
37 years$593$389$247$154$94$37
38 years$571$369$232$142$85$33
39 years$550$351$217$131$77$29
40 years$530$334$203$120$70$25
41 years$512$318$191$111$63$22
42 years$494$303$179$103$58$20
43 years$477$289$168$95$52$17
44 years$461$275$158$87$47$15
45 years$446$262$148$81$43$13
46 years$431$250$139$75$39$12
47 years$417$239$131$69$35$10
48 years$404$228$123$64$32$9
49 years$391$218$115$59$29$8
50 years$379$208$108$54$27$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $388,000, adding $6,534 every year, while hoping to spend $25,666 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: 59/24/17 Blend
54$388,000$388,000$388,000$388,000
55$434,316$413,752$407,738$457,664
56$451,308$406,717$394,089$467,186
57$469,172$398,478$379,122$474,164
58$487,972$388,947$362,767$481,183
59$507,774$378,034$344,948$488,251
60$528,652$365,643$325,588$495,377
61$550,685$351,670$304,607$502,574
62$573,961$336,008$281,917$509,857
63$598,575$318,543$257,432$517,242
64$624,631$299,153$231,057$524,750
65$652,243$277,710$202,696$532,407
66$681,533$254,080$172,249$540,241
67$712,638$228,119$139,608$548,285
68$745,706$199,675$104,663$556,578
69$780,899$168,590$67,300$565,166
70$818,394$134,694$27,398$574,101
71$858,386$97,810$0$583,441
72$901,087$57,748$0$596,009
73$946,731$14,311$0$614,611
74$995,572$0$0$634,386
75$1,047,893$0$0$664,098
76$1,103,999$0$0$700,035
77$1,164,229$0$0$738,635
78$1,228,952$0$0$780,140
79$1,298,575$0$0$824,812
80$1,373,544$0$0$872,942
81$1,454,350$0$0$924,846
82$1,541,529$0$0$980,875
83$1,635,674$0$0$1,041,412
84$1,737,435$0$0$1,106,880
85$1,847,525$0$0$1,177,741
86$1,966,730$0$0$1,254,506
87$2,095,913$0$0$1,337,735
88$2,236,023$0$0$1,428,045
89$2,388,102$0$0$1,526,112
90$2,553,301$0$0$1,632,683
91$2,732,880$0$0$1,748,578
92$2,928,229$0$0$1,874,700
93$3,140,877$0$0$2,012,040
94$3,372,505$0$0$2,161,692
95$3,624,963$0$0$2,324,857
96$3,900,289$0$0$2,502,860
97$4,200,724$0$0$2,697,156
98$4,528,735$0$0$2,909,349
99$4,887,039$0$0$3,141,204
100$5,278,626$0$0$3,394,664