Can I retire at age 55 with 416,000?

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 $416,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$34,353$34,047$33,748$33,457$33,172$32,008
2 years$17,006$16,690$16,383$16,085$15,796$14,636
3 years$11,225$10,907$10,601$10,306$10,022$8,901
4 years$8,335$8,018$7,715$7,425$7,148$6,075
5 years$6,601$6,286$5,987$5,703$5,434$4,413
6 years$5,446$5,133$4,838$4,561$4,299$3,331
7 years$4,621$4,311$4,021$3,750$3,497$2,580
8 years$4,002$3,695$3,410$3,145$2,901$2,035
9 years$3,522$3,217$2,937$2,679$2,443$1,627
10 years$3,137$2,836$2,560$2,310$2,081$1,315
11 years$2,823$2,525$2,254$2,010$1,790$1,071
12 years$2,561$2,266$2,001$1,763$1,551$877
13 years$2,340$2,048$1,787$1,556$1,353$722
14 years$2,151$1,861$1,606$1,382$1,186$597
15 years$1,986$1,700$1,450$1,232$1,044$495
16 years$1,843$1,560$1,315$1,103$923$412
17 years$1,717$1,437$1,196$991$818$343
18 years$1,604$1,328$1,092$893$727$287
19 years$1,504$1,230$1,000$807$648$240
20 years$1,414$1,143$917$731$579$201
21 years$1,332$1,065$844$664$518$168
22 years$1,258$994$778$603$465$141
23 years$1,191$930$718$549$417$118
24 years$1,129$871$664$501$375$99
25 years$1,073$818$615$458$337$84
26 years$1,020$768$570$418$304$70
27 years$972$723$530$383$274$59
28 years$927$681$492$351$247$50
29 years$886$643$458$322$223$42
30 years$847$607$427$295$202$35
31 years$811$574$398$271$182$30
32 years$777$543$371$249$165$25
33 years$745$514$347$229$149$21
34 years$715$487$324$211$135$18
35 years$687$462$303$194$122$15
36 years$661$439$283$179$111$13
37 years$636$417$265$165$101$11
38 years$612$396$248$152$91$9
39 years$590$377$233$140$83$7
40 years$569$358$218$129$75$6
41 years$549$341$204$119$68$5
42 years$530$325$192$110$62$4
43 years$512$309$180$102$56$4
44 years$494$295$169$94$51$3
45 years$478$281$159$87$46$3
46 years$462$268$149$80$42$2
47 years$447$256$140$74$38$2
48 years$433$244$132$68$35$2
49 years$419$233$124$63$31$1
50 years$406$223$116$58$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $416,000, adding $3,283 every year, while hoping to spend $27,761 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: 44/35/21 Blend
54$416,000$416,000$416,000$416,000
55$461,818$439,770$433,322$479,200
56$479,386$431,782$418,301$483,800
57$497,816$422,471$401,846$485,810
58$517,165$411,744$383,881$487,421
59$537,499$399,502$364,323$488,609
60$558,885$385,639$343,089$489,351
61$581,399$370,043$320,090$489,623
62$605,123$352,597$295,235$489,402
63$630,146$333,175$268,426$488,663
64$656,566$311,645$239,563$487,384
65$684,488$287,868$208,540$485,542
66$714,028$261,696$175,249$483,116
67$745,312$232,972$139,573$480,084
68$778,478$201,532$101,393$476,427
69$813,678$167,202$60,585$472,126
70$851,075$129,797$17,017$467,167
71$890,851$89,124$0$461,535
72$933,202$44,975$0$461,825
73$978,345$0$0$465,923
74$1,026,516$0$0$471,147
75$1,077,975$0$0$495,260
76$1,133,004$0$0$521,079
77$1,191,917$0$0$548,753
78$1,255,055$0$0$578,448
79$1,322,791$0$0$610,344
80$1,395,538$0$0$644,640
81$1,473,747$0$0$681,552
82$1,557,912$0$0$721,322
83$1,648,579$0$0$764,211
84$1,746,343$0$0$810,508
85$1,851,863$0$0$860,530
86$1,965,858$0$0$914,626
87$2,089,122$0$0$973,179
88$2,222,525$0$0$1,036,610
89$2,367,026$0$0$1,105,382
90$2,523,676$0$0$1,180,005
91$2,693,633$0$0$1,261,038
92$2,878,171$0$0$1,349,098
93$3,078,691$0$0$1,444,862
94$3,296,732$0$0$1,549,075
95$3,533,990$0$0$1,662,560
96$3,792,329$0$0$1,786,217
97$4,073,802$0$0$1,921,040
98$4,380,667$0$0$2,068,124
99$4,715,410$0$0$2,228,670
100$5,080,765$0$0$2,404,005