Can I retire at age 55 with 417,000?

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 $417,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$34,435$34,129$33,829$33,537$33,252$32,435
2 years$17,047$16,730$16,422$16,124$15,834$15,016
3 years$11,252$10,933$10,626$10,331$10,046$9,252
4 years$8,355$8,037$7,733$7,443$7,165$6,402
5 years$6,617$6,301$6,001$5,717$5,447$4,716
6 years$5,459$5,145$4,850$4,572$4,310$3,613
7 years$4,632$4,321$4,030$3,759$3,505$2,842
8 years$4,012$3,704$3,418$3,153$2,908$2,278
9 years$3,530$3,225$2,944$2,686$2,449$1,851
10 years$3,145$2,843$2,567$2,315$2,086$1,521
11 years$2,830$2,531$2,260$2,015$1,794$1,260
12 years$2,567$2,271$2,005$1,767$1,555$1,051
13 years$2,346$2,053$1,792$1,560$1,356$882
14 years$2,156$1,866$1,610$1,385$1,189$743
15 years$1,991$1,704$1,453$1,235$1,047$628
16 years$1,847$1,564$1,318$1,106$925$532
17 years$1,721$1,440$1,199$994$820$453
18 years$1,608$1,331$1,095$896$729$385
19 years$1,508$1,233$1,002$809$650$329
20 years$1,417$1,146$920$733$581$281
21 years$1,336$1,068$846$665$520$241
22 years$1,261$997$780$605$466$206
23 years$1,194$932$720$551$418$177
24 years$1,132$873$666$502$376$152
25 years$1,075$819$617$459$338$130
26 years$1,023$770$572$419$305$112
27 years$974$725$531$384$275$96
28 years$929$683$494$352$248$83
29 years$888$644$459$323$224$71
30 years$849$609$428$296$202$61
31 years$813$575$399$272$183$53
32 years$779$544$372$250$165$45
33 years$747$515$348$230$150$39
34 years$717$489$325$211$135$34
35 years$689$463$304$195$123$29
36 years$662$440$284$179$111$25
37 years$637$418$266$165$101$21
38 years$614$397$249$152$91$19
39 years$591$377$233$140$83$16
40 years$570$359$219$129$75$14
41 years$550$342$205$119$68$12
42 years$531$326$192$110$62$10
43 years$513$310$180$102$56$9
44 years$495$296$169$94$51$8
45 years$479$282$159$87$46$7
46 years$463$269$149$80$42$6
47 years$448$257$140$74$38$5
48 years$434$245$132$68$35$4
49 years$420$234$124$63$31$4
50 years$407$224$117$58$29$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $417,000, adding $2,866 every year, while hoping to spend $26,918 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: 71/9/20 Blend
54$417,000$417,000$417,000$417,000
55$462,490$440,389$433,926$492,884
56$481,024$433,328$419,822$506,443
57$500,545$425,018$404,343$517,808
58$521,128$415,371$387,415$529,580
59$542,850$404,291$368,960$541,795
60$565,797$391,678$348,897$554,494
61$590,063$377,425$327,141$567,724
62$615,752$361,421$303,602$581,534
63$642,973$343,545$278,187$595,983
64$671,851$323,673$250,801$611,134
65$702,518$301,671$221,340$627,058
66$735,120$277,398$189,701$643,835
67$769,817$250,706$155,771$661,552
68$806,784$221,437$119,435$680,308
69$846,213$189,424$80,573$700,213
70$888,314$154,493$39,059$721,387
71$933,316$116,457$0$743,967
72$981,472$75,121$0$769,222
73$1,033,058$30,278$0$805,167
74$1,088,378$0$0$843,677
75$1,147,763$0$0$886,799
76$1,211,579$0$0$936,376
77$1,280,227$0$0$989,723
78$1,354,146$0$0$1,047,182
79$1,433,821$0$0$1,109,133
80$1,519,781$0$0$1,175,989
81$1,612,610$0$0$1,248,207
82$1,712,948$0$0$1,326,288
83$1,821,500$0$0$1,410,781
84$1,939,041$0$0$1,502,294
85$2,066,420$0$0$1,601,490
86$2,204,575$0$0$1,709,103
87$2,354,534$0$0$1,825,936
88$2,517,429$0$0$1,952,875
89$2,694,505$0$0$2,090,893
90$2,887,132$0$0$2,241,062
91$3,096,818$0$0$2,404,561
92$3,325,221$0$0$2,582,687
93$3,574,165$0$0$2,776,866
94$3,845,659$0$0$2,988,671
95$4,141,914$0$0$3,219,829
96$4,465,363$0$0$3,472,243
97$4,818,685$0$0$3,748,011
98$5,204,827$0$0$4,049,436
99$5,627,038$0$0$4,379,060
100$6,088,890$0$0$4,739,677