Can I retire at age 55 with 409,000?

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 $409,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$33,775$33,474$33,180$32,894$32,614$31,852
2 years$16,720$16,409$16,107$15,814$15,531$14,767
3 years$11,036$10,723$10,422$10,132$9,853$9,112
4 years$8,195$7,883$7,585$7,300$7,027$6,314
5 years$6,490$6,180$5,886$5,607$5,342$4,659
6 years$5,354$5,047$4,757$4,484$4,227$3,575
7 years$4,543$4,238$3,953$3,687$3,438$2,817
8 years$3,935$3,633$3,352$3,093$2,852$2,262
9 years$3,462$3,163$2,887$2,634$2,402$1,842
10 years$3,085$2,788$2,517$2,271$2,046$1,516
11 years$2,776$2,482$2,216$1,976$1,760$1,258
12 years$2,518$2,228$1,967$1,733$1,525$1,052
13 years$2,301$2,013$1,757$1,530$1,330$884
14 years$2,114$1,830$1,579$1,358$1,166$746
15 years$1,953$1,672$1,426$1,211$1,026$632
16 years$1,812$1,534$1,292$1,085$907$537
17 years$1,688$1,413$1,176$975$804$457
18 years$1,577$1,305$1,074$878$715$391
19 years$1,479$1,210$983$794$638$334
20 years$1,390$1,124$902$719$569$286
21 years$1,310$1,047$830$652$510$245
22 years$1,237$977$765$593$457$211
23 years$1,171$914$706$540$410$181
24 years$1,110$856$653$493$369$156
25 years$1,054$804$605$450$332$134
26 years$1,003$755$561$411$299$115
27 years$956$711$521$377$269$99
28 years$912$670$484$345$243$86
29 years$871$632$451$316$219$74
30 years$833$597$420$290$198$64
31 years$797$564$391$267$179$55
32 years$764$534$365$245$162$47
33 years$732$506$341$225$147$41
34 years$703$479$318$207$133$35
35 years$676$454$298$191$120$31
36 years$650$431$279$176$109$26
37 years$625$410$261$162$99$23
38 years$602$389$244$149$90$20
39 years$580$370$229$138$81$17
40 years$559$352$214$127$74$15
41 years$539$335$201$117$67$13
42 years$521$319$189$108$61$11
43 years$503$304$177$100$55$9
44 years$486$290$166$92$50$8
45 years$470$277$156$85$45$7
46 years$454$264$146$79$41$6
47 years$440$252$138$73$37$5
48 years$426$240$129$67$34$5
49 years$412$230$122$62$31$4
50 years$399$219$114$57$28$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $409,000, adding $6,027 every year, while hoping to spend $34,314 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: 78/6/16 Blend
54$409,000$409,000$409,000$409,000
55$456,935$435,258$428,918$490,538
56$467,032$420,076$406,777$498,354
57$477,010$402,999$382,744$501,983
58$486,819$383,900$356,720$505,013
59$496,404$362,642$328,600$507,372
60$505,705$339,079$298,277$508,980
61$514,653$313,060$265,635$509,751
62$523,171$284,423$230,557$509,587
63$531,172$252,997$192,918$508,385
64$538,561$218,603$152,590$506,027
65$545,229$181,049$109,436$502,389
66$551,057$140,136$63,317$497,331
67$555,911$95,648$14,085$490,700
68$559,643$47,364$0$482,329
69$562,086$0$0$478,600
70$563,058$0$0$476,067
71$562,354$0$0$475,212
72$559,746$0$0$472,713
73$554,983$0$0$468,354
74$547,786$0$0$461,894
75$537,846$0$0$453,067
76$524,818$0$0$441,578
77$508,322$0$0$427,099
78$487,939$0$0$409,268
79$463,200$0$0$387,685
80$433,592$0$0$361,905
81$398,543$0$0$331,438
82$357,421$0$0$295,741
83$309,529$0$0$254,213
84$254,095$0$0$206,191
85$190,266$0$0$150,941
86$117,100$0$0$87,654
87$33,555$0$0$15,432
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