Can I retire at age 55 with 421,000?

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 $421,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$34,766$34,456$34,154$33,859$33,571$33,430
2 years$17,211$16,890$16,580$16,278$15,986$15,843
3 years$11,360$11,038$10,728$10,430$10,142$10,003
4 years$8,435$8,114$7,807$7,514$7,234$7,098
5 years$6,681$6,362$6,059$5,771$5,499$5,368
6 years$5,511$5,195$4,896$4,616$4,351$4,225
7 years$4,676$4,362$4,069$3,795$3,539$3,417
8 years$4,051$3,739$3,451$3,183$2,936$2,819
9 years$3,564$3,256$2,972$2,711$2,472$2,360
10 years$3,175$2,870$2,591$2,337$2,106$1,999
11 years$2,857$2,555$2,281$2,034$1,812$1,709
12 years$2,592$2,293$2,025$1,784$1,570$1,472
13 years$2,368$2,072$1,809$1,575$1,369$1,275
14 years$2,176$1,884$1,625$1,398$1,200$1,111
15 years$2,010$1,721$1,467$1,247$1,057$972
16 years$1,865$1,579$1,330$1,117$934$853
17 years$1,737$1,454$1,211$1,003$828$751
18 years$1,624$1,344$1,105$904$736$663
19 years$1,522$1,245$1,012$817$656$587
20 years$1,431$1,157$928$740$586$521
21 years$1,348$1,078$854$672$525$463
22 years$1,274$1,006$787$611$470$412
23 years$1,205$941$727$556$422$367
24 years$1,143$882$672$507$379$327
25 years$1,085$827$623$463$341$292
26 years$1,033$778$577$423$307$261
27 years$984$732$536$388$277$234
28 years$938$690$498$355$250$209
29 years$896$651$464$326$226$187
30 years$857$614$432$299$204$168
31 years$820$581$403$275$185$151
32 years$786$550$376$252$167$135
33 years$754$520$351$232$151$121
34 years$724$493$328$213$137$109
35 years$695$468$306$196$124$98
36 years$669$444$287$181$112$88
37 years$643$422$268$167$102$79
38 years$620$401$251$154$92$71
39 years$597$381$235$142$84$64
40 years$576$363$221$131$76$57
41 years$555$345$207$121$69$52
42 years$536$329$194$111$62$46
43 years$518$313$182$103$57$42
44 years$500$299$171$95$51$38
45 years$484$285$161$88$47$34
46 years$468$272$151$81$42$30
47 years$453$259$142$75$39$27
48 years$438$247$133$69$35$25
49 years$424$236$125$64$32$22
50 years$411$226$118$59$29$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $421,000, adding $5,028 every year, while hoping to spend $21,379 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: 37/35/28 Blend
54$421,000$421,000$421,000$421,000
55$469,128$446,815$440,290$482,408
56$494,232$445,962$432,293$491,812
57$521,180$444,351$423,311$499,655
58$550,138$441,921$413,289$507,718
59$581,287$438,610$402,169$516,034
60$614,827$434,351$389,890$524,643
61$650,977$429,071$376,389$533,589
62$689,977$422,696$361,598$542,924
63$732,092$415,146$345,449$552,707
64$777,612$406,335$327,869$563,002
65$826,858$396,175$308,782$573,886
66$880,179$384,569$288,108$585,445
67$937,962$371,417$265,764$597,774
68$1,000,631$356,613$241,664$610,982
69$1,068,652$340,045$215,716$625,192
70$1,142,540$321,592$187,828$640,542
71$1,222,857$301,128$157,899$657,188
72$1,310,227$278,521$125,826$675,304
73$1,405,330$253,630$91,502$695,085
74$1,508,921$226,304$54,814$716,752
75$1,621,825$196,388$15,645$740,550
76$1,744,955$163,714$0$766,753
77$1,879,311$128,106$0$803,483
78$2,025,996$89,380$0$848,765
79$2,186,227$47,338$0$898,342
80$2,361,338$1,774$0$952,684
81$2,552,803$0$0$1,012,310
82$2,762,241$0$0$1,096,102
83$2,991,436$0$0$1,188,603
84$3,242,355$0$0$1,289,932
85$3,517,159$0$0$1,400,970
86$3,818,233$0$0$1,522,686
87$4,148,198$0$0$1,656,151
88$4,509,947$0$0$1,802,540
89$4,906,660$0$0$1,963,151
90$5,341,845$0$0$2,139,412
91$5,819,361$0$0$2,332,897
92$6,343,463$0$0$2,545,337
93$6,918,834$0$0$2,778,643
94$7,550,636$0$0$3,034,917
95$8,244,553$0$0$3,316,476
96$9,006,848$0$0$3,625,871
97$9,844,420$0$0$3,965,916
98$10,764,869$0$0$4,339,706
99$11,776,567$0$0$4,750,655
100$12,888,739$0$0$5,202,521