Can I retire at age 55 with 405,000?

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 $405,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$33,445$33,147$32,856$32,572$32,295$32,146
2 years$16,557$16,248$15,949$15,660$15,379$15,228
3 years$10,928$10,618$10,320$10,033$9,757$9,609
4 years$8,114$7,806$7,511$7,228$6,959$6,815
5 years$6,427$6,120$5,829$5,552$5,290$5,151
6 years$5,302$4,997$4,710$4,440$4,186$4,052
7 years$4,499$4,197$3,914$3,650$3,404$3,276
8 years$3,897$3,597$3,320$3,062$2,824$2,701
9 years$3,429$3,132$2,859$2,608$2,378$2,260
10 years$3,054$2,761$2,493$2,248$2,026$1,913
11 years$2,748$2,458$2,195$1,957$1,743$1,634
12 years$2,494$2,206$1,948$1,716$1,510$1,407
13 years$2,278$1,994$1,740$1,515$1,317$1,218
14 years$2,094$1,812$1,563$1,345$1,154$1,060
15 years$1,934$1,655$1,412$1,200$1,016$927
16 years$1,794$1,519$1,280$1,074$898$813
17 years$1,671$1,399$1,165$965$797$716
18 years$1,562$1,292$1,063$870$708$631
19 years$1,464$1,198$973$786$631$559
20 years$1,376$1,113$893$712$564$495
21 years$1,297$1,037$822$646$505$439
22 years$1,225$968$757$587$452$391
23 years$1,159$905$699$535$406$348
24 years$1,099$848$647$488$365$310
25 years$1,044$796$599$446$328$277
26 years$993$748$555$407$296$247
27 years$946$704$516$373$267$221
28 years$903$663$479$342$241$198
29 years$862$626$446$313$217$177
30 years$824$591$416$288$196$158
31 years$789$559$387$264$178$142
32 years$756$529$361$243$161$127
33 years$725$501$338$223$145$114
34 years$696$474$315$205$132$102
35 years$669$450$295$189$119$92
36 years$643$427$276$174$108$83
37 years$619$406$258$160$98$74
38 years$596$386$242$148$89$67
39 years$574$367$227$136$80$60
40 years$554$349$212$126$73$54
41 years$534$332$199$116$66$48
42 years$516$316$187$107$60$43
43 years$498$301$175$99$55$39
44 years$481$287$164$91$49$35
45 years$465$274$154$84$45$32
46 years$450$261$145$78$41$28
47 years$435$249$136$72$37$26
48 years$421$238$128$66$34$23
49 years$408$227$120$61$31$21
50 years$395$217$113$57$28$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $405,000, adding $5,777 every year, while hoping to spend $21,515 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: 36/39/25 Blend
54$405,000$405,000$405,000$405,000
55$452,269$430,804$424,526$464,975
56$475,509$429,022$415,856$473,077
57$500,398$426,431$406,175$479,436
58$527,081$422,969$395,425$485,876
59$555,720$418,571$383,548$492,419
60$586,488$413,165$370,481$499,089
61$619,578$406,679$356,161$505,915
62$655,201$399,032$340,518$512,931
63$693,590$390,143$323,483$520,178
64$734,997$379,921$304,982$527,701
65$779,705$368,275$284,936$535,553
66$828,019$355,105$263,266$543,794
67$880,278$340,306$239,887$552,495
68$936,853$323,768$214,710$561,733
69$998,153$305,373$187,643$571,600
70$1,064,626$284,998$158,590$582,199
71$1,136,766$262,511$127,451$593,644
72$1,215,116$237,774$94,121$606,069
73$1,300,274$210,641$58,490$619,622
74$1,392,896$180,956$20,443$634,471
75$1,493,705$148,557$0$650,805
76$1,603,496$113,270$0$674,214
77$1,723,146$74,913$0$705,729
78$1,853,617$33,294$0$740,194
79$1,995,969$0$0$777,946
80$2,151,370$0$0$824,420
81$2,321,103$0$0$890,841
82$2,506,584$0$0$963,481
83$2,709,368$0$0$1,042,955
84$2,931,171$0$0$1,129,943
85$3,173,879$0$0$1,225,194
86$3,439,571$0$0$1,329,530
87$3,730,535$0$0$1,443,858
88$4,049,291$0$0$1,569,177
89$4,398,615$0$0$1,706,587
90$4,781,563$0$0$1,857,300
91$5,201,502$0$0$2,022,650
92$5,662,140$0$0$2,204,106
93$6,167,561$0$0$2,403,288
94$6,722,263$0$0$2,621,979
95$7,331,201$0$0$2,862,143
96$7,999,834$0$0$3,125,945
97$8,734,174$0$0$3,415,768
98$9,540,845$0$0$3,734,239
99$10,427,144$0$0$4,084,251
100$11,401,109$0$0$4,468,992