Can I retire at age 55 with 437,000?

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 $437,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$36,087$35,766$35,452$35,146$34,847$34,627
2 years$17,865$17,532$17,210$16,897$16,594$16,372
3 years$11,792$11,457$11,136$10,826$10,528$10,311
4 years$8,756$8,422$8,104$7,800$7,509$7,299
5 years$6,934$6,603$6,289$5,991$5,708$5,505
6 years$5,721$5,392$5,082$4,791$4,516$4,321
7 years$4,854$4,528$4,224$3,939$3,673$3,485
8 years$4,204$3,882$3,582$3,304$3,047$2,867
9 years$3,699$3,380$3,085$2,814$2,566$2,394
10 years$3,296$2,979$2,690$2,426$2,186$2,021
11 years$2,966$2,652$2,368$2,111$1,880$1,723
12 years$2,691$2,380$2,101$1,852$1,630$1,479
13 years$2,458$2,151$1,878$1,635$1,421$1,278
14 years$2,259$1,955$1,687$1,451$1,246$1,109
15 years$2,087$1,786$1,523$1,294$1,097$967
16 years$1,936$1,639$1,381$1,159$969$846
17 years$1,803$1,509$1,257$1,041$859$743
18 years$1,685$1,395$1,147$938$764$653
19 years$1,580$1,293$1,050$848$681$576
20 years$1,485$1,201$964$768$608$509
21 years$1,400$1,119$886$697$544$451
22 years$1,322$1,044$817$634$488$400
23 years$1,251$977$754$577$438$355
24 years$1,186$915$698$526$394$315
25 years$1,127$859$646$481$354$280
26 years$1,072$807$599$440$319$250
27 years$1,021$760$556$402$288$222
28 years$974$716$517$369$260$198
29 years$930$675$481$338$234$177
30 years$890$638$448$310$212$158
31 years$852$603$418$285$192$141
32 years$816$570$390$262$173$126
33 years$783$540$364$241$157$113
34 years$751$512$340$222$142$101
35 years$722$486$318$204$129$90
36 years$694$461$298$188$116$81
37 years$668$438$279$173$106$72
38 years$643$416$261$160$96$65
39 years$620$396$244$147$87$58
40 years$597$376$229$136$79$52
41 years$576$358$215$125$71$46
42 years$556$341$201$116$65$42
43 years$537$325$189$107$59$37
44 years$519$310$177$98$53$33
45 years$502$296$167$91$48$30
46 years$485$282$157$84$44$27
47 years$470$269$147$78$40$24
48 years$455$257$138$72$36$22
49 years$440$245$130$66$33$19
50 years$427$234$122$61$30$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $437,000, adding $2,330 every year, while hoping to spend $33,620 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: 48/45/7 Blend
54$437,000$437,000$437,000$437,000
55$483,977$460,816$454,043$506,204
56$497,572$447,625$433,482$508,481
57$511,426$432,660$411,105$507,209
58$525,531$415,800$386,817$505,039
59$539,875$396,915$360,516$501,898
60$554,447$375,868$332,097$497,705
61$569,228$352,514$301,451$492,376
62$584,202$326,699$268,462$485,820
63$599,346$298,263$233,010$477,942
64$614,635$267,033$194,971$468,638
65$630,038$232,828$154,214$457,797
66$645,524$195,459$110,602$445,302
67$661,052$154,721$63,992$431,027
68$676,580$110,402$14,236$414,836
69$692,056$62,277$0$396,586
70$707,424$10,108$0$379,026
71$722,621$0$0$360,412
72$737,574$0$0$362,471
73$752,200$0$0$369,336
74$766,410$0$0$375,953
75$780,100$0$0$382,267
76$793,155$0$0$388,216
77$805,446$0$0$393,731
78$816,830$0$0$398,734
79$827,146$0$0$403,141
80$836,214$0$0$406,854
81$843,836$0$0$409,769
82$849,788$0$0$411,764
83$853,823$0$0$412,710
84$855,667$0$0$412,459
85$855,014$0$0$410,849
86$851,524$0$0$407,698
87$844,821$0$0$402,807
88$834,488$0$0$395,953
89$820,060$0$0$386,889
90$801,025$0$0$375,343
91$776,814$0$0$361,013
92$746,798$0$0$343,564
93$710,278$0$0$322,625
94$666,483$0$0$297,788
95$614,560$0$0$268,598
96$553,563$0$0$234,554
97$482,449$0$0$195,102
98$400,062$0$0$149,630
99$305,127$0$0$97,460
100$196,232$0$0$37,845