Can I retire at age 55 with 390,000?

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 $390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$32,206$31,919$31,639$31,366$31,099$29,901
2 years$15,943$15,647$15,359$15,080$14,809$13,616
3 years$10,523$10,225$9,938$9,662$9,396$8,245
4 years$7,814$7,517$7,232$6,961$6,701$5,602
5 years$6,189$5,893$5,613$5,347$5,094$4,050
6 years$5,105$4,812$4,536$4,276$4,031$3,042
7 years$4,332$4,041$3,769$3,515$3,278$2,344
8 years$3,752$3,464$3,197$2,949$2,719$1,839
9 years$3,302$3,016$2,753$2,512$2,290$1,463
10 years$2,941$2,659$2,400$2,165$1,951$1,175
11 years$2,647$2,367$2,113$1,884$1,678$951
12 years$2,401$2,124$1,875$1,653$1,454$775
13 years$2,194$1,920$1,676$1,459$1,268$634
14 years$2,016$1,745$1,506$1,295$1,112$521
15 years$1,862$1,594$1,359$1,155$979$429
16 years$1,728$1,463$1,232$1,034$865$355
17 years$1,609$1,347$1,121$929$767$294
18 years$1,504$1,245$1,024$838$682$243
19 years$1,410$1,154$937$757$608$202
20 years$1,325$1,072$860$685$543$168
21 years$1,249$998$791$622$486$140
22 years$1,180$932$729$566$436$117
23 years$1,117$872$673$515$391$97
24 years$1,059$817$623$470$351$81
25 years$1,005$766$577$429$316$68
26 years$956$720$535$392$285$56
27 years$911$678$497$359$257$47
28 years$869$639$462$329$232$39
29 years$830$603$430$302$209$33
30 years$794$569$400$277$189$27
31 years$760$538$373$254$171$23
32 years$728$509$348$234$155$19
33 years$698$482$325$215$140$16
34 years$670$457$304$198$127$13
35 years$644$433$284$182$115$11
36 years$619$411$266$168$104$9
37 years$596$391$249$154$94$8
38 years$574$371$233$142$85$7
39 years$553$353$218$131$77$5
40 years$533$336$204$121$70$5
41 years$514$320$192$112$64$4
42 years$497$305$180$103$58$3
43 years$480$290$169$95$52$3
44 years$463$277$158$88$48$2
45 years$448$264$149$81$43$2
46 years$433$252$140$75$39$2
47 years$419$240$131$69$36$1
48 years$406$229$123$64$32$1
49 years$393$219$116$59$29$1
50 years$381$209$109$55$27$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $390,000, adding $3,923 every year, while hoping to spend $20,654 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: 74/18/8 Blend
54$390,000$390,000$390,000$390,000
55$433,827$413,157$407,112$465,097
56$456,101$411,426$398,774$484,509
57$479,956$408,917$389,465$502,779
58$505,529$405,572$379,130$522,209
59$532,975$401,327$367,713$542,909
60$562,460$396,114$355,153$564,997
61$594,169$389,861$341,388$588,604
62$628,304$382,494$326,355$613,877
63$665,087$373,933$309,984$640,975
64$704,761$364,091$292,204$670,076
65$747,596$352,880$272,941$701,374
66$793,884$340,205$252,118$735,086
67$843,950$325,965$229,654$771,449
68$898,149$310,053$205,463$810,727
69$956,871$292,357$179,458$853,211
70$1,020,548$272,758$151,546$899,219
71$1,089,651$251,130$121,629$949,107
72$1,164,700$227,341$89,609$1,003,264
73$1,246,267$201,248$55,378$1,062,122
74$1,334,981$172,704$18,828$1,126,157
75$1,431,534$141,552$0$1,195,895
76$1,536,688$107,625$0$1,273,636
77$1,651,280$70,749$0$1,360,126
78$1,776,233$30,738$0$1,454,474
79$1,912,562$0$0$1,557,469
80$2,061,383$0$0$1,672,481
81$2,223,927$0$0$1,804,764
82$2,401,548$0$0$1,949,332
83$2,595,735$0$0$2,107,402
84$2,808,130$0$0$2,280,311
85$3,040,540$0$0$2,469,532
86$3,294,954$0$0$2,676,688
87$3,573,563$0$0$2,903,564
88$3,878,780$0$0$3,152,128
89$4,213,261$0$0$3,424,546
90$4,579,933$0$0$3,723,204
91$4,982,018$0$0$4,050,730
92$5,423,067$0$0$4,410,018
93$5,906,988$0$0$4,804,256
94$6,438,088$0$0$5,236,955
95$7,021,112$0$0$5,711,984
96$7,661,283$0$0$6,233,603
97$8,364,358$0$0$6,806,505
98$9,136,678$0$0$7,435,861
99$9,985,228$0$0$8,127,366
100$10,917,703$0$0$8,887,297