Can I retire at age 55 with 402,000?

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 $402,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$33,197$32,901$32,613$32,331$32,056$31,801
2 years$16,434$16,128$15,831$15,544$15,265$15,007
3 years$10,847$10,540$10,244$9,959$9,685$9,433
4 years$8,054$7,748$7,455$7,175$6,907$6,664
5 years$6,379$6,074$5,785$5,511$5,251$5,016
6 years$5,263$4,960$4,675$4,407$4,155$3,929
7 years$4,465$4,166$3,885$3,623$3,379$3,162
8 years$3,868$3,571$3,295$3,040$2,803$2,595
9 years$3,403$3,109$2,838$2,589$2,361$2,161
10 years$3,032$2,740$2,474$2,232$2,011$1,821
11 years$2,728$2,440$2,178$1,942$1,730$1,548
12 years$2,475$2,190$1,933$1,704$1,499$1,326
13 years$2,261$1,979$1,727$1,504$1,307$1,142
14 years$2,078$1,799$1,552$1,335$1,146$989
15 years$1,920$1,643$1,401$1,191$1,009$860
16 years$1,781$1,508$1,270$1,066$892$750
17 years$1,659$1,388$1,156$958$791$657
18 years$1,550$1,283$1,055$863$703$576
19 years$1,453$1,189$966$780$627$507
20 years$1,366$1,105$887$707$560$446
21 years$1,288$1,029$815$641$501$394
22 years$1,216$961$752$583$449$348
23 years$1,151$898$694$531$403$308
24 years$1,091$842$642$484$362$273
25 years$1,036$790$594$442$326$242
26 years$986$742$551$404$294$215
27 years$939$699$512$370$265$191
28 years$896$658$476$339$239$170
29 years$856$621$443$311$216$151
30 years$818$587$413$285$195$134
31 years$783$555$385$262$176$120
32 years$751$525$359$241$159$107
33 years$720$497$335$222$144$95
34 years$691$471$313$204$131$85
35 years$664$447$293$188$118$75
36 years$638$424$274$173$107$67
37 years$614$403$256$159$97$60
38 years$592$383$240$147$88$54
39 years$570$364$225$135$80$48
40 years$550$346$211$125$72$43
41 years$530$330$198$115$66$38
42 years$512$314$185$106$60$34
43 years$494$299$174$98$54$30
44 years$478$285$163$91$49$27
45 years$462$272$153$84$45$24
46 years$447$259$144$77$40$22
47 years$432$247$135$71$37$19
48 years$418$236$127$66$33$17
49 years$405$226$119$61$30$15
50 years$392$216$112$56$28$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $402,000, adding $3,617 every year, while hoping to spend $36,017 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: 45/34/21 Blend
54$402,000$402,000$402,000$402,000
55$446,735$425,429$419,198$463,990
56$453,980$407,953$394,919$459,008
57$460,757$388,414$368,620$449,776
58$466,980$366,672$340,195$439,025
59$472,554$342,581$309,533$426,631
60$477,371$315,984$276,519$412,460
61$481,313$286,717$241,032$396,370
62$484,247$254,607$202,947$378,205
63$486,027$219,469$162,133$357,798
64$486,488$181,109$118,451$334,970
65$485,450$139,323$71,758$309,525
66$482,709$93,894$21,906$281,255
67$478,043$44,592$0$249,932
68$471,203$0$0$222,325
69$461,914$0$0$200,152
70$449,871$0$0$193,270
71$434,736$0$0$184,825
72$416,136$0$0$174,632
73$393,655$0$0$162,484
74$366,836$0$0$148,153
75$335,172$0$0$131,388
76$298,102$0$0$111,908
77$255,006$0$0$89,405
78$205,199$0$0$63,539
79$147,924$0$0$33,932
80$82,343$0$0$168
81$7,531$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0