Can I retire at age 55 with 429,000?

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 $429,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$35,426$35,111$34,803$34,502$34,209$33,301
2 years$17,538$17,211$16,895$16,588$16,290$15,382
3 years$11,576$11,248$10,932$10,628$10,335$9,455
4 years$8,595$8,268$7,956$7,657$7,371$6,525
5 years$6,807$6,482$6,174$5,881$5,603$4,795
6 years$5,616$5,293$4,989$4,703$4,434$3,663
7 years$4,765$4,445$4,146$3,867$3,606$2,873
8 years$4,128$3,811$3,516$3,244$2,991$2,296
9 years$3,632$3,318$3,029$2,763$2,519$1,861
10 years$3,235$2,924$2,640$2,382$2,146$1,524
11 years$2,911$2,603$2,325$2,073$1,846$1,259
12 years$2,641$2,337$2,063$1,818$1,600$1,047
13 years$2,413$2,112$1,843$1,605$1,395$875
14 years$2,218$1,919$1,656$1,425$1,223$734
15 years$2,049$1,753$1,495$1,271$1,077$619
16 years$1,901$1,609$1,356$1,138$952$523
17 years$1,770$1,482$1,234$1,022$844$443
18 years$1,654$1,369$1,126$921$750$376
19 years$1,551$1,269$1,031$832$669$319
20 years$1,458$1,179$946$754$597$272
21 years$1,374$1,098$870$684$534$232
22 years$1,298$1,025$802$622$479$198
23 years$1,228$959$741$567$430$169
24 years$1,165$898$685$517$387$144
25 years$1,106$843$634$472$348$123
26 years$1,052$792$588$432$313$106
27 years$1,002$746$546$395$282$90
28 years$956$703$508$362$255$77
29 years$913$663$473$332$230$66
30 years$873$626$440$305$208$57
31 years$836$592$410$280$188$49
32 years$801$560$383$257$170$42
33 years$768$530$358$236$154$36
34 years$738$503$334$218$139$31
35 years$709$477$312$200$126$26
36 years$681$452$292$184$114$23
37 years$656$430$273$170$104$19
38 years$631$408$256$157$94$17
39 years$608$388$240$144$85$14
40 years$587$369$225$133$77$12
41 years$566$352$211$123$70$11
42 years$546$335$198$113$64$9
43 years$527$319$186$105$58$8
44 years$510$304$174$97$52$7
45 years$493$290$164$89$48$6
46 years$477$277$154$82$43$5
47 years$461$264$144$76$39$4
48 years$446$252$136$70$36$4
49 years$432$241$128$65$32$3
50 years$419$230$120$60$29$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $429,000, adding $2,811 every year, while hoping to spend $29,268 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: 61/31/8 Blend
54$429,000$429,000$429,000$429,000
55$475,658$452,921$446,271$503,697
56$493,034$443,973$430,080$513,856
57$511,201$433,606$412,366$521,311
58$530,210$421,718$393,047$528,707
59$550,114$408,205$372,036$536,039
60$570,972$392,953$349,245$543,302
61$592,846$375,844$324,581$550,493
62$615,807$356,750$297,944$557,607
63$639,927$335,539$269,234$564,645
64$665,290$312,070$238,343$571,606
65$691,982$286,194$205,160$578,491
66$720,100$257,753$169,568$585,305
67$749,748$226,581$131,447$592,054
68$781,040$192,502$90,669$598,746
69$814,102$155,330$47,101$605,394
70$849,067$114,868$606$612,014
71$886,085$70,909$0$618,626
72$925,316$23,235$0$629,439
73$966,938$0$0$640,627
74$1,011,143$0$0$661,872
75$1,058,143$0$0$692,904
76$1,108,169$0$0$725,953
77$1,161,473$0$0$761,187
78$1,218,332$0$0$798,793
79$1,279,051$0$0$838,973
80$1,343,961$0$0$881,951
81$1,413,427$0$0$927,970
82$1,487,849$0$0$977,300
83$1,567,665$0$0$1,030,233
84$1,653,355$0$0$1,087,093
85$1,745,448$0$0$1,148,234
86$1,844,524$0$0$1,214,044
87$1,951,218$0$0$1,284,951
88$2,066,229$0$0$1,361,423
89$2,190,325$0$0$1,443,975
90$2,324,349$0$0$1,533,174
91$2,469,227$0$0$1,629,641
92$2,625,979$0$0$1,734,060
93$2,795,723$0$0$1,847,184
94$2,979,691$0$0$1,969,838
95$3,179,236$0$0$2,102,931
96$3,395,847$0$0$2,247,464
97$3,631,160$0$0$2,404,534
98$3,886,977$0$0$2,575,352
99$4,165,278$0$0$2,761,249
100$4,468,244$0$0$2,963,689