Can I retire at age 55 with 398,000?

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 $398,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$32,866$32,574$32,288$32,009$31,737$31,302
2 years$16,271$15,968$15,674$15,389$15,113$14,675
3 years$10,739$10,435$10,142$9,860$9,588$9,161
4 years$7,974$7,671$7,381$7,104$6,838$6,426
5 years$6,316$6,014$5,728$5,456$5,198$4,802
6 years$5,210$4,911$4,629$4,363$4,113$3,733
7 years$4,421$4,124$3,847$3,587$3,345$2,981
8 years$3,829$3,535$3,262$3,009$2,775$2,427
9 years$3,369$3,078$2,810$2,563$2,337$2,005
10 years$3,002$2,713$2,450$2,210$1,991$1,675
11 years$2,701$2,415$2,157$1,923$1,713$1,412
12 years$2,451$2,168$1,914$1,687$1,484$1,198
13 years$2,239$1,959$1,710$1,489$1,294$1,023
14 years$2,058$1,781$1,536$1,322$1,134$878
15 years$1,901$1,627$1,387$1,179$999$756
16 years$1,763$1,493$1,258$1,056$883$653
17 years$1,642$1,375$1,144$948$783$566
18 years$1,535$1,270$1,045$855$696$492
19 years$1,439$1,177$956$772$620$428
20 years$1,353$1,094$878$699$554$373
21 years$1,275$1,019$807$635$496$326
22 years$1,204$951$744$577$444$285
23 years$1,139$890$687$526$399$250
24 years$1,080$833$635$479$359$219
25 years$1,026$782$589$438$323$192
26 years$976$735$546$400$291$169
27 years$930$692$507$366$262$148
28 years$887$652$471$336$236$130
29 years$847$615$438$308$214$114
30 years$810$581$408$283$193$101
31 years$776$549$381$260$174$89
32 years$743$520$355$238$158$78
33 years$713$492$332$219$143$69
34 years$684$466$310$202$129$61
35 years$657$442$290$186$117$53
36 years$632$420$271$171$106$47
37 years$608$399$254$158$96$41
38 years$586$379$238$145$87$37
39 years$564$360$223$134$79$32
40 years$544$343$209$124$72$28
41 years$525$326$196$114$65$25
42 years$507$311$184$105$59$22
43 years$489$296$172$97$54$19
44 years$473$282$162$90$49$17
45 years$457$269$152$83$44$15
46 years$442$257$143$76$40$13
47 years$428$245$134$71$36$12
48 years$414$234$126$65$33$10
49 years$401$223$118$60$30$9
50 years$389$213$111$56$27$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $398,000, adding $4,565 every year, while hoping to spend $21,528 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: 54/27/19 Blend
54$398,000$398,000$398,000$398,000
55$443,305$422,211$416,042$464,729
56$465,616$419,994$407,074$477,679
57$489,482$416,946$397,083$489,110
58$515,038$413,005$386,014$501,084
59$542,432$408,103$373,807$513,658
60$571,830$402,169$360,398$526,897
61$603,408$395,128$345,724$540,874
62$637,366$386,899$329,715$555,670
63$673,918$377,397$312,301$571,375
64$713,301$366,534$293,407$588,092
65$755,777$354,213$272,956$605,932
66$801,632$340,335$250,865$625,022
67$851,180$324,793$227,051$645,502
68$904,767$307,475$201,424$667,529
69$962,773$288,261$173,891$691,277
70$1,025,616$267,026$144,357$716,941
71$1,093,755$243,636$112,719$744,735
72$1,167,696$217,952$78,872$774,900
73$1,247,993$189,823$42,707$807,703
74$1,335,258$159,095$4,107$843,441
75$1,430,163$125,599$0$882,444
76$1,533,448$89,162$0$932,594
77$1,645,926$49,597$0$988,159
78$1,768,493$6,710$0$1,048,780
79$1,902,134$0$0$1,114,988
80$2,047,935$0$0$1,199,161
81$2,207,088$0$0$1,293,255
82$2,380,908$0$0$1,396,057
83$2,570,841$0$0$1,508,428
84$2,778,481$0$0$1,631,316
85$3,005,581$0$0$1,765,762
86$3,254,071$0$0$1,912,915
87$3,526,078$0$0$2,074,040
88$3,823,942$0$0$2,250,529
89$4,150,242$0$0$2,443,916
90$4,507,817$0$0$2,655,888
91$4,899,793$0$0$2,888,307
92$5,329,614$0$0$3,143,220
93$5,801,074$0$0$3,422,883
94$6,318,349$0$0$3,729,783
95$6,886,042$0$0$4,066,656
96$7,509,220$0$0$4,436,518
97$8,193,469$0$0$4,842,690
98$8,944,937$0$0$5,288,832
99$9,770,401$0$0$5,778,974
100$10,677,324$0$0$6,317,557