Can I retire at age 55 with 434,000?

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 $434,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$35,839$35,520$35,209$34,905$34,608$33,314
2 years$17,742$17,412$17,092$16,781$16,480$15,191
3 years$11,711$11,379$11,059$10,752$10,456$9,212
4 years$8,695$8,365$8,048$7,746$7,457$6,269
5 years$6,887$6,558$6,246$5,950$5,669$4,539
6 years$5,681$5,355$5,048$4,758$4,485$3,415
7 years$4,821$4,497$4,195$3,912$3,648$2,636
8 years$4,176$3,855$3,557$3,282$3,026$2,072
9 years$3,674$3,356$3,064$2,795$2,549$1,651
10 years$3,273$2,959$2,671$2,409$2,171$1,328
11 years$2,945$2,634$2,352$2,097$1,868$1,078
12 years$2,672$2,364$2,087$1,839$1,618$879
13 years$2,441$2,136$1,865$1,624$1,411$721
14 years$2,244$1,942$1,675$1,441$1,237$594
15 years$2,072$1,774$1,513$1,286$1,089$490
16 years$1,923$1,628$1,371$1,151$963$406
17 years$1,791$1,499$1,248$1,034$854$337
18 years$1,674$1,385$1,139$932$759$280
19 years$1,569$1,284$1,043$842$676$233
20 years$1,475$1,193$957$763$604$194
21 years$1,390$1,111$880$692$541$162
22 years$1,313$1,037$811$629$485$135
23 years$1,242$970$749$573$435$113
24 years$1,178$909$693$523$391$94
25 years$1,119$853$642$477$352$79
26 years$1,064$802$595$437$317$66
27 years$1,014$754$553$400$286$55
28 years$967$711$514$366$258$46
29 years$924$671$478$336$233$39
30 years$883$633$445$308$210$32
31 years$846$599$415$283$190$27
32 years$810$566$387$260$172$23
33 years$777$536$362$239$156$19
34 years$746$508$338$220$141$16
35 years$717$482$316$203$128$13
36 years$689$458$296$187$116$11
37 years$663$435$277$172$105$9
38 years$639$413$259$158$95$8
39 years$615$393$243$146$86$7
40 years$593$374$228$135$78$6
41 years$572$356$213$124$71$5
42 years$553$339$200$115$64$4
43 years$534$323$188$106$58$3
44 years$516$308$176$98$53$3
45 years$499$293$165$90$48$2
46 years$482$280$155$83$44$2
47 years$467$267$146$77$40$2
48 years$452$255$137$71$36$1
49 years$437$244$129$66$33$1
50 years$424$233$121$61$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $434,000, adding $5,308 every year, while hoping to spend $21,616 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: 35/47/18 Blend
54$434,000$434,000$434,000$434,000
55$483,743$460,741$454,014$497,845
56$510,086$460,318$446,224$508,191
57$538,391$459,150$437,449$516,947
58$568,836$457,177$427,633$525,939
59$601,615$454,337$416,717$535,201
60$636,943$450,563$404,640$544,771
61$675,054$445,783$391,338$554,693
62$716,206$439,923$376,745$565,016
63$760,683$432,904$360,790$575,798
64$808,797$424,640$343,400$587,105
65$860,890$415,043$324,500$599,010
66$917,338$404,018$304,008$611,596
67$978,557$391,465$281,842$624,959
68$1,045,001$377,278$257,915$639,207
69$1,117,170$361,344$232,135$654,459
70$1,195,617$343,545$204,407$670,853
71$1,280,947$323,756$174,632$688,541
72$1,373,828$301,844$142,705$707,697
73$1,474,992$277,668$108,520$728,514
74$1,585,247$251,080$71,961$751,209
75$1,705,482$221,922$32,912$776,026
76$1,836,675$190,031$0$803,238
77$1,979,903$155,229$0$834,832
78$2,136,350$117,333$0$876,321
79$2,307,322$76,146$0$921,784
80$2,494,254$31,463$0$971,675
81$2,698,729$0$0$1,026,494
82$2,922,487$0$0$1,095,559
83$3,167,445$0$0$1,189,042
84$3,435,715$0$0$1,291,486
85$3,729,623$0$0$1,403,786
86$4,051,728$0$0$1,526,928
87$4,404,851$0$0$1,661,999
88$4,792,097$0$0$1,810,196
89$5,216,888$0$0$1,972,837
90$5,682,992$0$0$2,151,375
91$6,194,559$0$0$2,347,408
92$6,756,160$0$0$2,562,700
93$7,372,832$0$0$2,799,192
94$8,050,123$0$0$3,059,021
95$8,794,143$0$0$3,344,543
96$9,611,624$0$0$3,658,353
97$10,509,983$0$0$4,003,312
98$11,497,392$0$0$4,382,568
99$12,582,850$0$0$4,799,592
100$13,776,277$0$0$5,258,208