Can I retire at age 55 with 428,000?

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 $428,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$35,344$35,029$34,722$34,422$34,129$33,170
2 years$17,497$17,171$16,855$16,549$16,252$15,293
3 years$11,549$11,221$10,906$10,603$10,311$9,382
4 years$8,575$8,249$7,937$7,639$7,354$6,462
5 years$6,792$6,467$6,160$5,867$5,590$4,738
6 years$5,603$5,281$4,978$4,692$4,423$3,612
7 years$4,754$4,435$4,137$3,858$3,597$2,826
8 years$4,118$3,802$3,508$3,236$2,984$2,254
9 years$3,623$3,310$3,022$2,757$2,513$1,822
10 years$3,228$2,918$2,634$2,376$2,141$1,489
11 years$2,904$2,597$2,319$2,068$1,842$1,226
12 years$2,635$2,331$2,058$1,814$1,596$1,017
13 years$2,408$2,107$1,839$1,601$1,392$848
14 years$2,213$1,915$1,652$1,422$1,220$710
15 years$2,044$1,749$1,492$1,268$1,074$596
16 years$1,896$1,605$1,352$1,135$949$502
17 years$1,766$1,478$1,231$1,020$842$424
18 years$1,651$1,366$1,123$919$748$359
19 years$1,547$1,266$1,028$831$667$304
20 years$1,455$1,176$944$752$596$258
21 years$1,371$1,096$868$683$533$219
22 years$1,295$1,023$800$621$478$187
23 years$1,225$957$739$565$429$159
24 years$1,162$896$683$516$386$135
25 years$1,103$841$633$471$347$115
26 years$1,050$791$587$431$313$98
27 years$1,000$744$545$394$282$84
28 years$954$701$507$361$254$72
29 years$911$661$472$331$230$61
30 years$871$625$439$304$207$52
31 years$834$590$409$279$188$45
32 years$799$559$382$256$170$38
33 years$766$529$357$236$154$33
34 years$736$501$333$217$139$28
35 years$707$476$312$200$126$24
36 years$680$451$291$184$114$20
37 years$654$429$273$170$103$17
38 years$630$407$255$156$94$15
39 years$607$387$239$144$85$13
40 years$585$369$224$133$77$11
41 years$565$351$210$123$70$9
42 years$545$334$197$113$63$8
43 years$526$318$185$104$58$7
44 years$509$304$174$96$52$6
45 years$492$289$163$89$47$5
46 years$475$276$153$82$43$4
47 years$460$263$144$76$39$4
48 years$445$252$135$70$36$3
49 years$431$240$127$65$32$3
50 years$418$229$120$60$29$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $428,000, adding $4,479 every year, while hoping to spend $23,915 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: 51/36/13 Blend
54$428,000$428,000$428,000$428,000
55$476,276$453,592$446,958$498,680
56$499,411$450,373$436,486$511,285
57$524,104$446,194$424,861$522,082
58$550,489$440,984$412,020$533,280
59$578,712$434,666$397,897$544,921
60$608,935$427,158$382,420$557,058
61$641,332$418,375$365,517$569,745
62$676,099$408,226$347,113$583,048
63$713,446$396,614$327,126$597,039
64$753,606$383,437$305,474$611,799
65$796,836$368,588$282,069$627,418
66$843,416$351,951$256,821$644,000
67$893,653$333,405$229,633$661,660
68$947,888$312,824$200,408$680,525
69$1,006,491$290,072$169,040$700,741
70$1,069,873$265,004$135,423$722,468
71$1,138,482$237,472$99,441$745,888
72$1,212,813$207,314$60,979$771,201
73$1,293,409$174,361$19,911$798,633
74$1,380,868$138,436$0$828,436
75$1,475,847$99,350$0$864,206
76$1,579,069$56,904$0$906,102
77$1,691,329$10,887$0$951,727
78$1,813,502$0$0$1,001,489
79$1,946,552$0$0$1,071,257
80$2,091,536$0$0$1,152,025
81$2,249,622$0$0$1,240,134
82$2,422,092$0$0$1,336,303
83$2,610,359$0$0$1,441,326
84$2,815,977$0$0$1,556,077
85$3,040,658$0$0$1,681,516
86$3,286,287$0$0$1,818,701
87$3,554,937$0$0$1,968,797
88$3,848,893$0$0$2,133,089
89$4,170,670$0$0$2,312,987
90$4,523,038$0$0$2,510,048
91$4,909,047$0$0$2,725,985
92$5,332,055$0$0$2,962,684
93$5,795,763$0$0$3,222,225
94$6,304,243$0$0$3,506,895
95$6,861,984$0$0$3,819,216
96$7,473,927$0$0$4,161,964
97$8,145,517$0$0$4,538,197
98$8,882,751$0$0$4,951,285
99$9,692,235$0$0$5,404,939
100$10,581,244$0$0$5,903,248