Can I retire at age 55 with 426,000?

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 $426,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$35,179$34,865$34,560$34,261$33,970$33,504
2 years$17,415$17,091$16,777$16,472$16,176$15,707
3 years$11,495$11,169$10,856$10,554$10,263$9,806
4 years$8,535$8,210$7,900$7,603$7,320$6,878
5 years$6,760$6,437$6,131$5,840$5,564$5,139
6 years$5,577$5,256$4,955$4,670$4,403$3,995
7 years$4,732$4,414$4,117$3,840$3,581$3,190
8 years$4,099$3,784$3,492$3,221$2,970$2,598
9 years$3,606$3,295$3,007$2,744$2,502$2,146
10 years$3,213$2,904$2,622$2,365$2,131$1,793
11 years$2,891$2,585$2,308$2,058$1,833$1,511
12 years$2,623$2,320$2,049$1,805$1,589$1,282
13 years$2,396$2,097$1,830$1,594$1,385$1,095
14 years$2,202$1,906$1,645$1,415$1,214$939
15 years$2,034$1,741$1,485$1,262$1,069$809
16 years$1,887$1,598$1,346$1,130$945$699
17 years$1,758$1,471$1,225$1,015$838$606
18 years$1,643$1,360$1,118$915$745$526
19 years$1,540$1,260$1,024$827$664$458
20 years$1,448$1,171$939$749$593$400
21 years$1,364$1,091$864$679$531$349
22 years$1,289$1,018$796$618$476$305
23 years$1,220$952$735$563$427$267
24 years$1,156$892$680$513$384$234
25 years$1,098$837$630$469$345$205
26 years$1,045$787$584$429$311$180
27 years$995$740$542$392$281$158
28 years$949$698$504$359$253$139
29 years$907$658$469$330$229$122
30 years$867$622$437$302$207$108
31 years$830$588$408$278$187$95
32 years$795$556$380$255$169$83
33 years$763$527$355$235$153$74
34 years$732$499$332$216$138$65
35 years$704$473$310$199$125$57
36 years$677$449$290$183$114$50
37 years$651$427$272$169$103$44
38 years$627$406$254$156$93$39
39 years$604$386$238$143$85$34
40 years$582$367$223$132$77$30
41 years$562$349$209$122$70$27
42 years$542$333$196$113$63$24
43 years$524$317$184$104$57$21
44 years$506$302$173$96$52$18
45 years$489$288$162$89$47$16
46 years$473$275$153$82$43$14
47 years$458$262$143$76$39$13
48 years$443$250$135$70$35$11
49 years$429$239$127$65$32$10
50 years$416$228$119$60$29$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $426,000, adding $6,744 every year, while hoping to spend $23,101 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: 26/47/27 Blend
54$426,000$426,000$426,000$426,000
55$476,408$453,830$447,227$484,642
56$500,423$451,489$437,630$489,537
57$526,112$448,258$426,937$492,367
58$553,624$444,071$415,088$494,925
59$583,117$438,854$402,017$497,205
60$614,770$432,532$387,659$499,200
61$648,774$425,024$371,943$500,907
62$685,343$416,244$354,797$502,324
63$724,709$406,101$336,144$503,452
64$767,128$394,499$315,904$504,295
65$812,882$381,336$293,993$504,859
66$862,279$366,505$270,325$505,155
67$915,659$349,892$244,809$505,200
68$973,395$331,375$217,348$505,014
69$1,035,896$310,827$187,845$504,625
70$1,103,614$288,114$156,194$504,065
71$1,177,044$263,093$122,287$503,376
72$1,256,730$235,613$86,012$502,609
73$1,343,273$205,514$47,250$501,824
74$1,437,332$172,629$5,878$501,093
75$1,539,632$136,780$0$500,499
76$1,650,970$97,778$0$511,168
77$1,772,225$55,426$0$524,712
78$1,904,364$9,513$0$539,608
79$2,048,448$0$0$556,053
80$2,205,650$0$0$595,047
81$2,377,256$0$0$643,053
82$2,564,684$0$0$695,555
83$2,769,496$0$0$753,001
84$2,993,410$0$0$815,880
85$3,238,319$0$0$884,735
86$3,506,305$0$0$960,160
87$3,799,662$0$0$1,042,812
88$4,120,917$0$0$1,133,414
89$4,472,850$0$0$1,232,759
90$4,858,527$0$0$1,341,726
91$5,281,320$0$0$1,461,279
92$5,744,945$0$0$1,592,481
93$6,253,496$0$0$1,736,504
94$6,811,479$0$0$1,894,637
95$7,423,861$0$0$2,068,302
96$8,096,111$0$0$2,259,063
97$8,834,253$0$0$2,468,646
98$9,644,924$0$0$2,698,949
99$10,535,436$0$0$2,952,066
100$11,513,841$0$0$3,230,303