Can I retire at age 55 with 414,000?

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 $414,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$34,188$33,883$33,586$33,296$33,013$32,682
2 years$16,925$16,609$16,304$16,008$15,720$15,387
3 years$11,171$10,854$10,550$10,256$9,974$9,648
4 years$8,295$7,979$7,677$7,389$7,113$6,798
5 years$6,569$6,256$5,958$5,676$5,407$5,104
6 years$5,420$5,108$4,815$4,539$4,279$3,987
7 years$4,599$4,290$4,001$3,732$3,480$3,200
8 years$3,983$3,677$3,393$3,130$2,887$2,619
9 years$3,505$3,202$2,923$2,666$2,431$2,175
10 years$3,122$2,822$2,548$2,298$2,071$1,827
11 years$2,809$2,512$2,243$2,000$1,781$1,548
12 years$2,549$2,255$1,991$1,755$1,544$1,322
13 years$2,329$2,038$1,779$1,549$1,346$1,135
14 years$2,140$1,852$1,598$1,375$1,180$980
15 years$1,977$1,692$1,443$1,226$1,039$849
16 years$1,834$1,553$1,308$1,098$918$738
17 years$1,708$1,430$1,190$987$814$644
18 years$1,597$1,321$1,087$889$724$563
19 years$1,497$1,224$995$803$645$493
20 years$1,407$1,138$913$728$576$433
21 years$1,326$1,060$840$660$516$381
22 years$1,252$989$774$600$462$335
23 years$1,185$925$715$547$415$296
24 years$1,124$867$661$499$373$261
25 years$1,067$814$612$455$336$230
26 years$1,015$765$568$416$302$204
27 years$967$720$527$381$273$180
28 years$923$678$490$349$246$160
29 years$881$640$456$320$222$141
30 years$843$604$425$294$201$125
31 years$807$571$396$270$181$111
32 years$773$540$370$248$164$99
33 years$741$512$345$228$149$87
34 years$712$485$322$210$134$78
35 years$684$460$301$193$122$69
36 years$658$437$282$178$110$61
37 years$633$415$264$164$100$54
38 years$609$394$247$151$91$48
39 years$587$375$232$139$82$43
40 years$566$357$217$129$75$38
41 years$546$339$203$119$68$34
42 years$527$323$191$109$61$30
43 years$509$308$179$101$56$27
44 years$492$294$168$93$51$24
45 years$476$280$158$86$46$21
46 years$460$267$148$80$42$19
47 years$445$255$139$74$38$17
48 years$431$243$131$68$34$15
49 years$417$232$123$63$31$13
50 years$404$222$116$58$28$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $414,000, adding $2,119 every year, while hoping to spend $24,102 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: 77/11/12 Blend
54$414,000$414,000$414,000$414,000
55$458,414$436,472$430,055$492,490
56$479,528$432,215$418,817$510,969
57$501,987$426,941$406,395$527,949
58$525,905$420,576$392,724$545,887
59$551,402$413,039$377,736$564,869
60$578,614$404,246$361,358$584,992
61$607,686$394,109$343,518$606,359
62$638,781$382,531$324,137$629,088
63$672,074$369,412$303,133$653,305
64$707,760$354,648$280,422$679,154
65$746,051$338,124$255,915$706,790
66$787,179$319,723$229,519$736,386
67$831,400$299,319$201,137$768,132
68$878,996$276,779$170,669$802,240
69$930,275$251,962$138,007$838,941
70$985,575$224,721$103,043$878,492
71$1,045,269$194,897$65,660$921,177
72$1,109,766$162,326$25,739$967,308
73$1,179,514$126,832$0$1,017,232
74$1,255,008$88,231$0$1,073,489
75$1,336,791$46,326$0$1,137,998
76$1,425,459$911$0$1,207,944
77$1,521,669$0$0$1,283,858
78$1,626,144$0$0$1,372,163
79$1,739,676$0$0$1,468,258
80$1,863,141$0$0$1,572,773
81$1,997,498$0$0$1,686,523
82$2,143,806$0$0$1,810,406
83$2,303,228$0$0$1,945,408
84$2,477,045$0$0$2,092,615
85$2,666,666$0$0$2,253,225
86$2,873,642$0$0$2,428,552
87$3,099,682$0$0$2,620,046
88$3,346,666$0$0$2,829,301
89$3,616,662$0$0$3,058,074
90$3,911,950$0$0$3,308,297
91$4,235,039$0$0$3,582,100
92$4,588,691$0$0$3,881,825
93$4,975,948$0$0$4,210,055
94$5,400,161$0$0$4,569,631
95$5,865,018$0$0$4,963,683
96$6,374,583$0$0$5,395,660
97$6,933,331$0$0$5,869,356
98$7,546,190$0$0$6,388,955
99$8,218,589$0$0$6,959,063
100$8,956,507$0$0$7,584,752