Can I retire at age 55 with 438,000?

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 $438,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$36,170$35,847$35,533$35,226$34,927$34,419
2 years$17,906$17,572$17,249$16,936$16,632$16,121
3 years$11,819$11,484$11,161$10,851$10,552$10,055
4 years$8,776$8,442$8,123$7,817$7,526$7,045
5 years$6,950$6,618$6,303$6,005$5,721$5,259
6 years$5,734$5,404$5,094$4,802$4,527$4,084
7 years$4,865$4,539$4,233$3,948$3,681$3,257
8 years$4,214$3,890$3,590$3,312$3,054$2,649
9 years$3,708$3,387$3,092$2,821$2,572$2,186
10 years$3,303$2,986$2,696$2,432$2,191$1,824
11 years$2,972$2,658$2,373$2,116$1,885$1,535
12 years$2,697$2,386$2,106$1,856$1,633$1,301
13 years$2,464$2,156$1,882$1,639$1,424$1,110
14 years$2,264$1,960$1,691$1,455$1,248$951
15 years$2,092$1,790$1,527$1,297$1,099$818
16 years$1,941$1,643$1,384$1,162$972$706
17 years$1,807$1,513$1,259$1,044$861$611
18 years$1,689$1,398$1,150$941$766$530
19 years$1,584$1,295$1,053$850$683$461
20 years$1,489$1,204$966$770$610$401
21 years$1,403$1,121$888$699$546$350
22 years$1,325$1,047$819$635$489$305
23 years$1,254$979$756$578$439$267
24 years$1,189$917$699$528$395$234
25 years$1,129$861$648$482$355$205
26 years$1,074$809$601$441$320$179
27 years$1,023$761$558$403$288$157
28 years$976$717$519$369$260$138
29 years$932$677$483$339$235$121
30 years$892$639$449$311$212$106
31 years$853$604$419$286$192$94
32 years$818$572$391$262$174$82
33 years$784$541$365$241$157$72
34 years$753$513$341$222$142$64
35 years$723$487$319$204$129$56
36 years$696$462$298$188$117$49
37 years$669$439$279$173$106$43
38 years$645$417$261$160$96$38
39 years$621$397$245$147$87$34
40 years$599$377$230$136$79$30
41 years$578$359$215$125$72$26
42 years$558$342$202$116$65$23
43 years$539$326$190$107$59$20
44 years$520$311$178$99$54$18
45 years$503$296$167$91$49$16
46 years$487$283$157$84$44$14
47 years$471$270$147$78$40$12
48 years$456$257$138$72$36$11
49 years$441$246$130$66$33$9
50 years$428$235$122$61$30$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $438,000, adding $4,127 every year, while hoping to spend $25,963 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: 78/8/14 Blend
54$438,000$438,000$438,000$438,000
55$486,933$463,719$456,930$523,201
56$508,976$458,817$444,613$542,766
57$532,397$452,804$431,013$560,502
58$557,309$445,599$416,059$579,226
59$583,836$437,116$399,679$599,028
60$612,115$427,261$381,796$620,004
61$642,292$415,939$362,328$642,264
62$674,532$403,046$341,191$665,925
63$709,012$388,473$318,299$691,119
64$745,927$372,104$293,558$717,993
65$785,493$353,819$266,874$746,705
66$827,944$333,486$238,145$777,432
67$873,539$310,972$207,267$810,371
68$922,560$286,130$174,131$845,736
69$975,319$258,808$138,622$883,767
70$1,032,157$228,845$100,621$924,724
71$1,093,449$196,070$60,004$968,900
72$1,159,608$160,305$16,641$1,016,613
73$1,231,085$121,357$0$1,068,219
74$1,308,379$79,026$0$1,128,533
75$1,392,036$33,101$0$1,196,501
76$1,482,657$0$0$1,270,133
77$1,580,904$0$0$1,351,441
78$1,687,503$0$0$1,442,834
79$1,803,253$0$0$1,542,087
80$1,929,034$0$0$1,649,954
81$2,065,813$0$0$1,767,267
82$2,214,654$0$0$1,894,939
83$2,376,728$0$0$2,033,977
84$2,553,323$0$0$2,185,489
85$2,745,857$0$0$2,350,693
86$2,955,891$0$0$2,530,929
87$3,185,141$0$0$2,727,673
88$3,435,500$0$0$2,942,552
89$3,709,047$0$0$3,177,352
90$4,008,075$0$0$3,434,044
91$4,335,105$0$0$3,714,796
92$4,692,916$0$0$4,021,994
93$5,084,566$0$0$4,358,268
94$5,513,424$0$0$4,726,511
95$5,983,197$0$0$5,129,912
96$6,497,970$0$0$5,571,981
97$7,062,241$0$0$6,056,583
98$7,680,964$0$0$6,587,978
99$8,359,596$0$0$7,170,853
100$9,104,147$0$0$7,810,375