Can I retire at age 55 with 438,000?

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 $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%11.8%
1 years$36,170$35,847$35,533$35,226$34,927$34,663
2 years$17,906$17,572$17,249$16,936$16,632$16,366
3 years$11,819$11,484$11,161$10,851$10,552$10,292
4 years$8,776$8,442$8,123$7,817$7,526$7,274
5 years$6,950$6,618$6,303$6,005$5,721$5,478
6 years$5,734$5,404$5,094$4,802$4,527$4,293
7 years$4,865$4,539$4,233$3,948$3,681$3,457
8 years$4,214$3,890$3,590$3,312$3,054$2,839
9 years$3,708$3,387$3,092$2,821$2,572$2,366
10 years$3,303$2,986$2,696$2,432$2,191$1,994
11 years$2,972$2,658$2,373$2,116$1,885$1,697
12 years$2,697$2,386$2,106$1,856$1,633$1,454
13 years$2,464$2,156$1,882$1,639$1,424$1,253
14 years$2,264$1,960$1,691$1,455$1,248$1,086
15 years$2,092$1,790$1,527$1,297$1,099$945
16 years$1,941$1,643$1,384$1,162$972$825
17 years$1,807$1,513$1,259$1,044$861$723
18 years$1,689$1,398$1,150$941$766$634
19 years$1,584$1,295$1,053$850$683$558
20 years$1,489$1,204$966$770$610$492
21 years$1,403$1,121$888$699$546$435
22 years$1,325$1,047$819$635$489$385
23 years$1,254$979$756$578$439$341
24 years$1,189$917$699$528$395$302
25 years$1,129$861$648$482$355$268
26 years$1,074$809$601$441$320$238
27 years$1,023$761$558$403$288$212
28 years$976$717$519$369$260$188
29 years$932$677$483$339$235$168
30 years$892$639$449$311$212$149
31 years$853$604$419$286$192$133
32 years$818$572$391$262$174$119
33 years$784$541$365$241$157$106
34 years$753$513$341$222$142$94
35 years$723$487$319$204$129$84
36 years$696$462$298$188$117$75
37 years$669$439$279$173$106$67
38 years$645$417$261$160$96$60
39 years$621$397$245$147$87$53
40 years$599$377$230$136$79$48
41 years$578$359$215$125$72$43
42 years$558$342$202$116$65$38
43 years$539$326$190$107$59$34
44 years$520$311$178$99$54$30
45 years$503$296$167$91$49$27
46 years$487$283$157$84$44$24
47 years$471$270$147$78$40$22
48 years$456$257$138$72$36$19
49 years$441$246$130$66$33$17
50 years$428$235$122$61$30$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $438,000, adding $4,280 every year, while hoping to spend $34,895 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: 37/49/14 Blend
54$438,000$438,000$438,000$438,000
55$487,091$463,877$457,088$502,886
56$499,646$449,479$435,272$500,209
57$512,312$433,206$411,556$493,655
58$525,064$414,929$385,840$485,819
59$537,873$394,512$358,017$476,604
60$550,704$371,811$327,979$465,907
61$563,520$346,674$295,610$453,616
62$576,277$318,940$260,791$439,615
63$588,927$288,437$223,398$423,777
64$601,414$254,987$183,298$405,970
65$613,676$218,400$140,356$386,049
66$625,643$178,473$94,430$363,863
67$637,235$134,995$45,370$339,249
68$648,365$87,741$0$312,034
69$658,933$36,476$0$283,074
70$668,829$0$0$258,430
71$677,929$0$0$241,404
72$686,095$0$0$243,630
73$693,172$0$0$245,378
74$698,990$0$0$246,577
75$703,358$0$0$247,148
76$706,063$0$0$247,002
77$706,869$0$0$246,042
78$705,514$0$0$244,161
79$701,707$0$0$241,239
80$695,125$0$0$237,141
81$685,409$0$0$231,722
82$672,163$0$0$224,817
83$654,947$0$0$216,246
84$633,273$0$0$205,808
85$606,600$0$0$193,282
86$574,333$0$0$178,422
87$535,808$0$0$160,958
88$490,295$0$0$140,589
89$436,985$0$0$116,984
90$374,982$0$0$89,775
91$303,298$0$0$58,558
92$220,840$0$0$22,886
93$126,399$0$0$0
94$18,640$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