Can I retire at age 55 with 434,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.9%
1 years$35,839$35,520$35,209$34,905$34,608$33,235
2 years$17,742$17,412$17,092$16,781$16,480$15,114
3 years$11,711$11,379$11,059$10,752$10,456$9,139
4 years$8,695$8,365$8,048$7,746$7,457$6,200
5 years$6,887$6,558$6,246$5,950$5,669$4,475
6 years$5,681$5,355$5,048$4,758$4,485$3,355
7 years$4,821$4,497$4,195$3,912$3,648$2,581
8 years$4,176$3,855$3,557$3,282$3,026$2,022
9 years$3,674$3,356$3,064$2,795$2,549$1,605
10 years$3,273$2,959$2,671$2,409$2,171$1,287
11 years$2,945$2,634$2,352$2,097$1,868$1,040
12 years$2,672$2,364$2,087$1,839$1,618$845
13 years$2,441$2,136$1,865$1,624$1,411$690
14 years$2,244$1,942$1,675$1,441$1,237$566
15 years$2,072$1,774$1,513$1,286$1,089$465
16 years$1,923$1,628$1,371$1,151$963$384
17 years$1,791$1,499$1,248$1,034$854$317
18 years$1,674$1,385$1,139$932$759$262
19 years$1,569$1,284$1,043$842$676$217
20 years$1,475$1,193$957$763$604$180
21 years$1,390$1,111$880$692$541$150
22 years$1,313$1,037$811$629$485$124
23 years$1,242$970$749$573$435$103
24 years$1,178$909$693$523$391$86
25 years$1,119$853$642$477$352$72
26 years$1,064$802$595$437$317$60
27 years$1,014$754$553$400$286$50
28 years$967$711$514$366$258$41
29 years$924$671$478$336$233$34
30 years$883$633$445$308$210$29
31 years$846$599$415$283$190$24
32 years$810$566$387$260$172$20
33 years$777$536$362$239$156$17
34 years$746$508$338$220$141$14
35 years$717$482$316$203$128$12
36 years$689$458$296$187$116$10
37 years$663$435$277$172$105$8
38 years$639$413$259$158$95$7
39 years$615$393$243$146$86$6
40 years$593$374$228$135$78$5
41 years$572$356$213$124$71$4
42 years$553$339$200$115$64$3
43 years$534$323$188$106$58$3
44 years$516$308$176$98$53$2
45 years$499$293$165$90$48$2
46 years$482$280$155$83$44$2
47 years$467$267$146$77$40$1
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 $6,669 every year, while hoping to spend $21,352 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: 55/32/13 Blend
54$434,000$434,000$434,000$434,000
55$485,147$462,145$455,418$509,844
56$511,914$462,072$447,956$527,294
57$540,695$461,279$439,529$543,394
58$571,674$459,710$430,081$560,431
59$605,051$457,302$419,555$578,496
60$641,047$453,991$407,891$597,695
61$679,905$449,707$395,026$618,141
62$721,890$444,378$380,895$639,965
63$767,296$437,926$365,428$663,307
64$816,444$430,268$348,554$688,326
65$869,689$421,318$330,197$715,197
66$927,418$410,984$310,280$744,113
67$990,059$399,167$288,719$775,291
68$1,058,084$385,765$265,430$808,969
69$1,132,008$370,667$240,322$845,413
70$1,212,402$353,759$213,302$884,915
71$1,299,892$334,918$184,272$927,802
72$1,395,166$314,014$153,130$974,433
73$1,498,982$290,910$119,769$1,025,208
74$1,612,175$265,461$84,078$1,080,569
75$1,735,664$237,515$45,941$1,141,005
76$1,870,458$206,910$5,237$1,207,060
77$2,017,670$173,474$0$1,279,332
78$2,178,525$137,027$0$1,363,785
79$2,354,372$97,379$0$1,456,974
80$2,546,695$54,327$0$1,559,004
81$2,757,128$7,660$0$1,670,795
82$2,987,472$0$0$1,793,361
83$3,239,707$0$0$1,942,912
84$3,516,018$0$0$2,109,733
85$3,818,807$0$0$2,292,581
86$4,150,721$0$0$2,493,061
87$4,514,675$0$0$2,712,940
88$4,913,882$0$0$2,954,162
89$5,351,877$0$0$3,218,870
90$5,832,556$0$0$3,509,425
91$6,360,210$0$0$3,828,427
92$6,939,566$0$0$4,178,740
93$7,575,830$0$0$4,563,519
94$8,274,739$0$0$4,986,239
95$9,042,611$0$0$5,450,731
96$9,886,407$0$0$5,961,211
97$10,813,796$0$0$6,522,327
98$11,833,227$0$0$7,139,198
99$12,954,007$0$0$7,817,466
100$14,186,391$0$0$8,563,344