Can I retire at age 55 with 409,000?

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 $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%19%
1 years$33,775$33,474$33,180$32,894$32,614$31,432
2 years$16,720$16,409$16,107$15,814$15,531$14,353
3 years$11,036$10,723$10,422$10,132$9,853$8,716
4 years$8,195$7,883$7,585$7,300$7,027$5,940
5 years$6,490$6,180$5,886$5,607$5,342$4,308
6 years$5,354$5,047$4,757$4,484$4,227$3,246
7 years$4,543$4,238$3,953$3,687$3,438$2,510
8 years$3,935$3,633$3,352$3,093$2,852$1,977
9 years$3,462$3,163$2,887$2,634$2,402$1,578
10 years$3,085$2,788$2,517$2,271$2,046$1,272
11 years$2,776$2,482$2,216$1,976$1,760$1,034
12 years$2,518$2,228$1,967$1,733$1,525$845
13 years$2,301$2,013$1,757$1,530$1,330$695
14 years$2,114$1,830$1,579$1,358$1,166$573
15 years$1,953$1,672$1,426$1,211$1,026$474
16 years$1,812$1,534$1,292$1,085$907$394
17 years$1,688$1,413$1,176$975$804$327
18 years$1,577$1,305$1,074$878$715$273
19 years$1,479$1,210$983$794$638$227
20 years$1,390$1,124$902$719$569$190
21 years$1,310$1,047$830$652$510$159
22 years$1,237$977$765$593$457$133
23 years$1,171$914$706$540$410$111
24 years$1,110$856$653$493$369$93
25 years$1,054$804$605$450$332$78
26 years$1,003$755$561$411$299$66
27 years$956$711$521$377$269$55
28 years$912$670$484$345$243$46
29 years$871$632$451$316$219$39
30 years$833$597$420$290$198$33
31 years$797$564$391$267$179$27
32 years$764$534$365$245$162$23
33 years$732$506$341$225$147$19
34 years$703$479$318$207$133$16
35 years$676$454$298$191$120$14
36 years$650$431$279$176$109$11
37 years$625$410$261$162$99$10
38 years$602$389$244$149$90$8
39 years$580$370$229$138$81$7
40 years$559$352$214$127$74$6
41 years$539$335$201$117$67$5
42 years$521$319$189$108$61$4
43 years$503$304$177$100$55$3
44 years$486$290$166$92$50$3
45 years$470$277$156$85$45$2
46 years$454$264$146$79$41$2
47 years$440$252$138$73$37$2
48 years$426$240$129$67$34$1
49 years$412$230$122$62$31$1
50 years$399$219$114$57$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $409,000, adding $3,814 every year, while hoping to spend $25,559 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: 56/37/7 Blend
54$409,000$409,000$409,000$409,000
55$454,652$432,975$426,636$479,185
56$473,832$426,996$413,733$490,183
57$494,112$419,868$399,542$498,971
58$515,576$411,507$383,992$507,916
59$538,319$401,824$367,010$517,035
60$562,441$390,727$348,518$526,349
61$588,054$378,117$328,437$535,883
62$615,279$363,888$306,683$545,665
63$644,249$347,930$283,169$555,729
64$675,109$330,126$257,802$566,110
65$708,020$310,351$230,488$576,854
66$743,155$288,476$201,126$588,010
67$780,706$264,360$169,613$599,634
68$820,882$237,858$135,839$611,791
69$863,913$208,814$99,691$624,555
70$910,051$177,065$61,050$638,009
71$959,573$142,438$19,791$652,248
72$1,012,782$104,750$0$667,379
73$1,070,012$63,808$0$685,333
74$1,131,627$19,409$0$706,132
75$1,198,030$0$0$728,461
76$1,269,663$0$0$764,173
77$1,347,008$0$0$811,295
78$1,430,600$0$0$862,252
79$1,521,024$0$0$917,405
80$1,618,922$0$0$977,151
81$1,725,003$0$0$1,041,925
82$1,840,045$0$0$1,112,207
83$1,964,901$0$0$1,188,524
84$2,100,515$0$0$1,271,456
85$2,247,919$0$0$1,361,641
86$2,408,252$0$0$1,459,780
87$2,582,768$0$0$1,566,645
88$2,772,844$0$0$1,683,087
89$2,979,997$0$0$1,810,040
90$3,205,895$0$0$1,948,534
91$3,452,376$0$0$2,099,701
92$3,721,462$0$0$2,264,788
93$4,015,378$0$0$2,445,167
94$4,336,574$0$0$2,642,351
95$4,687,750$0$0$2,858,002
96$5,071,873$0$0$3,093,953
97$5,492,216$0$0$3,352,221
98$5,952,378$0$0$3,635,027
99$6,456,325$0$0$3,944,816
100$7,008,425$0$0$4,284,283