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%14.6%
1 years$35,839$35,520$35,209$34,905$34,608$33,951
2 years$17,742$17,412$17,092$16,781$16,480$15,820
3 years$11,711$11,379$11,059$10,752$10,456$9,814
4 years$8,695$8,365$8,048$7,746$7,457$6,839
5 years$6,887$6,558$6,246$5,950$5,669$5,075
6 years$5,681$5,355$5,048$4,758$4,485$3,918
7 years$4,821$4,497$4,195$3,912$3,648$3,106
8 years$4,176$3,855$3,557$3,282$3,026$2,510
9 years$3,674$3,356$3,064$2,795$2,549$2,057
10 years$3,273$2,959$2,671$2,409$2,171$1,705
11 years$2,945$2,634$2,352$2,097$1,868$1,425
12 years$2,672$2,364$2,087$1,839$1,618$1,200
13 years$2,441$2,136$1,865$1,624$1,411$1,016
14 years$2,244$1,942$1,675$1,441$1,237$864
15 years$2,072$1,774$1,513$1,286$1,089$737
16 years$1,923$1,628$1,371$1,151$963$631
17 years$1,791$1,499$1,248$1,034$854$542
18 years$1,674$1,385$1,139$932$759$467
19 years$1,569$1,284$1,043$842$676$402
20 years$1,475$1,193$957$763$604$347
21 years$1,390$1,111$880$692$541$301
22 years$1,313$1,037$811$629$485$260
23 years$1,242$970$749$573$435$226
24 years$1,178$909$693$523$391$196
25 years$1,119$853$642$477$352$170
26 years$1,064$802$595$437$317$148
27 years$1,014$754$553$400$286$128
28 years$967$711$514$366$258$112
29 years$924$671$478$336$233$97
30 years$883$633$445$308$210$85
31 years$846$599$415$283$190$74
32 years$810$566$387$260$172$64
33 years$777$536$362$239$156$56
34 years$746$508$338$220$141$49
35 years$717$482$316$203$128$42
36 years$689$458$296$187$116$37
37 years$663$435$277$172$105$32
38 years$639$413$259$158$95$28
39 years$615$393$243$146$86$24
40 years$593$374$228$135$78$21
41 years$572$356$213$124$71$19
42 years$553$339$200$115$64$16
43 years$534$323$188$106$58$14
44 years$516$308$176$98$53$12
45 years$499$293$165$90$48$11
46 years$482$280$155$83$44$9
47 years$467$267$146$77$40$8
48 years$452$255$137$71$36$7
49 years$437$244$129$66$33$6
50 years$424$233$121$61$30$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $434,000, adding $4,004 every year, while hoping to spend $35,458 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: 62/31/7 Blend
54$434,000$434,000$434,000$434,000
55$482,398$459,396$452,669$511,399
56$493,876$444,179$430,107$516,042
57$505,336$427,029$405,600$516,617
58$516,739$407,812$379,046$516,337
59$528,040$386,389$350,338$515,118
60$539,190$362,612$319,365$512,868
61$550,132$336,325$286,008$509,492
62$560,803$307,362$250,146$504,881
63$571,130$275,548$211,651$498,922
64$581,034$240,698$170,391$491,491
65$590,425$202,618$126,225$482,452
66$599,204$161,102$79,008$471,660
67$607,257$115,930$28,589$458,956
68$614,459$66,873$0$444,169
69$620,673$13,688$0$428,996
70$625,741$0$0$413,753
71$629,492$0$0$411,065
72$631,733$0$0$411,997
73$632,251$0$0$411,732
74$630,809$0$0$410,109
75$627,142$0$0$406,946
76$620,959$0$0$402,043
77$611,935$0$0$395,177
78$599,712$0$0$386,104
79$583,890$0$0$374,549
80$564,030$0$0$360,212
81$539,642$0$0$342,757
82$510,187$0$0$321,814
83$475,065$0$0$296,974
84$433,615$0$0$267,784
85$385,105$0$0$233,743
86$328,726$0$0$194,297
87$263,583$0$0$148,835
88$188,687$0$0$96,678
89$102,945$0$0$37,081
90$5,151$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0