Can I retire at age 55 with 392,000?

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 $392,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$32,371$32,083$31,801$31,527$31,259$30,018
2 years$16,025$15,727$15,438$15,157$14,885$13,651
3 years$10,577$10,278$9,989$9,711$9,444$8,255
4 years$7,854$7,555$7,270$6,996$6,735$5,600
5 years$6,220$5,923$5,641$5,374$5,120$4,042
6 years$5,132$4,837$4,559$4,298$4,051$3,031
7 years$4,354$4,062$3,789$3,533$3,295$2,331
8 years$3,772$3,482$3,213$2,964$2,733$1,826
9 years$3,319$3,032$2,767$2,525$2,302$1,449
10 years$2,956$2,672$2,413$2,176$1,961$1,162
11 years$2,660$2,379$2,124$1,894$1,687$939
12 years$2,414$2,135$1,885$1,661$1,462$763
13 years$2,205$1,930$1,684$1,467$1,275$623
14 years$2,026$1,754$1,513$1,302$1,117$511
15 years$1,872$1,602$1,366$1,161$984$420
16 years$1,737$1,470$1,239$1,040$870$346
17 years$1,618$1,354$1,127$934$771$286
18 years$1,512$1,251$1,029$842$686$237
19 years$1,417$1,159$942$761$611$196
20 years$1,332$1,077$865$689$546$163
21 years$1,256$1,004$795$625$488$135
22 years$1,186$937$733$568$438$112
23 years$1,122$876$677$518$393$93
24 years$1,064$821$626$472$353$78
25 years$1,011$770$580$431$318$65
26 years$961$724$538$394$286$54
27 years$916$681$499$361$258$45
28 years$874$642$464$331$233$37
29 years$834$606$432$303$210$31
30 years$798$572$402$278$190$26
31 years$764$541$375$256$172$22
32 years$732$512$350$235$155$18
33 years$702$485$327$216$141$15
34 years$674$459$305$199$127$13
35 years$647$436$285$183$115$10
36 years$623$413$267$169$104$9
37 years$599$393$250$155$95$7
38 years$577$373$234$143$86$6
39 years$556$355$219$132$78$5
40 years$536$338$205$122$71$4
41 years$517$321$193$112$64$4
42 years$499$306$181$104$58$3
43 years$482$292$170$96$53$2
44 years$466$278$159$88$48$2
45 years$450$265$149$82$43$2
46 years$436$253$140$75$39$1
47 years$421$241$132$70$36$1
48 years$408$230$124$64$33$1
49 years$395$220$117$59$30$1
50 years$383$210$110$55$27$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $392,000, adding $6,644 every year, while hoping to spend $30,306 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: 81/12/7 Blend
54$392,000$392,000$392,000$392,000
55$438,837$418,061$411,985$473,523
56$451,353$406,301$393,541$485,432
57$464,130$392,949$373,464$493,796
58$477,163$377,894$351,666$502,052
59$490,444$361,022$328,058$510,174
60$503,965$342,207$302,543$518,130
61$517,715$321,321$275,024$525,888
62$531,682$298,226$245,397$533,412
63$545,849$272,775$213,554$540,662
64$560,200$244,815$179,383$547,595
65$574,713$214,184$142,764$554,163
66$589,364$180,708$103,577$560,313
67$604,123$144,208$61,691$565,989
68$618,960$104,490$16,974$571,127
69$633,836$61,352$0$575,660
70$648,710$14,581$0$581,807
71$663,532$0$0$588,694
72$678,249$0$0$599,732
73$692,799$0$0$612,540
74$707,112$0$0$625,131
75$721,110$0$0$637,435
76$734,704$0$0$649,373
77$747,797$0$0$660,857
78$760,276$0$0$671,788
79$772,020$0$0$682,054
80$782,888$0$0$691,532
81$792,726$0$0$700,085
82$801,363$0$0$707,557
83$808,605$0$0$713,778
84$814,239$0$0$718,555
85$818,028$0$0$721,677
86$819,706$0$0$722,907
87$818,980$0$0$721,982
88$815,524$0$0$718,611
89$808,974$0$0$712,471
90$798,930$0$0$703,202
91$784,946$0$0$690,406
92$766,528$0$0$673,643
93$743,129$0$0$652,423
94$714,143$0$0$626,207
95$678,900$0$0$594,394
96$636,658$0$0$556,322
97$586,595$0$0$511,258
98$527,803$0$0$458,390
99$459,278$0$0$396,821
100$379,909$0$0$325,561