Can I retire at age 55 with 414,000?

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 $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%12.6%
1 years$34,188$33,883$33,586$33,296$33,013$32,655
2 years$16,925$16,609$16,304$16,008$15,720$15,360
3 years$11,171$10,854$10,550$10,256$9,974$9,622
4 years$8,295$7,979$7,677$7,389$7,113$6,773
5 years$6,569$6,256$5,958$5,676$5,407$5,079
6 years$5,420$5,108$4,815$4,539$4,279$3,963
7 years$4,599$4,290$4,001$3,732$3,480$3,177
8 years$3,983$3,677$3,393$3,130$2,887$2,597
9 years$3,505$3,202$2,923$2,666$2,431$2,155
10 years$3,122$2,822$2,548$2,298$2,071$1,808
11 years$2,809$2,512$2,243$2,000$1,781$1,530
12 years$2,549$2,255$1,991$1,755$1,544$1,305
13 years$2,329$2,038$1,779$1,549$1,346$1,119
14 years$2,140$1,852$1,598$1,375$1,180$964
15 years$1,977$1,692$1,443$1,226$1,039$835
16 years$1,834$1,553$1,308$1,098$918$725
17 years$1,708$1,430$1,190$987$814$631
18 years$1,597$1,321$1,087$889$724$551
19 years$1,497$1,224$995$803$645$482
20 years$1,407$1,138$913$728$576$423
21 years$1,326$1,060$840$660$516$371
22 years$1,252$989$774$600$462$326
23 years$1,185$925$715$547$415$287
24 years$1,124$867$661$499$373$253
25 years$1,067$814$612$455$336$223
26 years$1,015$765$568$416$302$197
27 years$967$720$527$381$273$174
28 years$923$678$490$349$246$154
29 years$881$640$456$320$222$136
30 years$843$604$425$294$201$120
31 years$807$571$396$270$181$107
32 years$773$540$370$248$164$94
33 years$741$512$345$228$149$84
34 years$712$485$322$210$134$74
35 years$684$460$301$193$122$66
36 years$658$437$282$178$110$58
37 years$633$415$264$164$100$52
38 years$609$394$247$151$91$46
39 years$587$375$232$139$82$41
40 years$566$357$217$129$75$36
41 years$546$339$203$119$68$32
42 years$527$323$191$109$61$28
43 years$509$308$179$101$56$25
44 years$492$294$168$93$51$22
45 years$476$280$158$86$46$20
46 years$460$267$148$80$42$18
47 years$445$255$139$74$38$16
48 years$431$243$131$68$34$14
49 years$417$232$123$63$31$12
50 years$404$222$116$58$28$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $414,000, adding $6,189 every year, while hoping to spend $27,682 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: 47/46/7 Blend
54$414,000$414,000$414,000$414,000
55$462,612$440,670$434,253$483,197
56$480,345$432,809$419,347$490,120
57$498,959$423,636$403,014$494,221
58$518,514$413,056$385,177$498,023
59$539,078$400,970$365,755$501,509
60$560,720$387,274$344,664$504,657
61$583,519$371,856$321,816$507,450
62$607,561$354,600$297,120$509,868
63$632,937$335,381$270,478$511,891
64$659,749$314,067$241,792$513,502
65$688,107$290,519$210,955$514,682
66$718,131$264,591$177,859$515,417
67$749,952$236,128$142,389$515,689
68$783,713$204,965$104,425$515,487
69$819,573$170,929$63,844$514,798
70$857,701$133,836$20,515$513,615
71$898,287$93,494$0$511,930
72$941,534$49,698$0$511,663
73$987,669$2,232$0$512,654
74$1,036,938$0$0$513,388
75$1,089,611$0$0$538,758
76$1,145,985$0$0$567,150
77$1,206,383$0$0$597,601
78$1,271,162$0$0$630,295
79$1,340,713$0$0$665,433
80$1,415,465$0$0$703,238
81$1,495,888$0$0$743,951
82$1,582,500$0$0$787,840
83$1,675,869$0$0$835,197
84$1,776,618$0$0$886,346
85$1,885,432$0$0$941,639
86$2,003,065$0$0$1,001,466
87$2,130,343$0$0$1,066,255
88$2,268,178$0$0$1,136,475
89$2,417,568$0$0$1,212,644
90$2,579,615$0$0$1,295,330
91$2,755,527$0$0$1,385,158
92$2,946,635$0$0$1,482,816
93$3,154,403$0$0$1,589,061
94$3,380,440$0$0$1,704,726
95$3,626,518$0$0$1,830,726
96$3,894,586$0$0$1,968,070
97$4,186,788$0$0$2,117,867
98$4,505,487$0$0$2,281,339
99$4,853,280$0$0$2,459,830
100$5,233,027$0$0$2,654,819