Can I retire at age 55 with 445,000?

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 $445,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$36,748$36,420$36,101$35,789$35,485$34,940
2 years$18,192$17,853$17,525$17,206$16,898$16,350
3 years$12,007$11,667$11,340$11,024$10,721$10,187
4 years$8,916$8,577$8,252$7,942$7,646$7,131
5 years$7,061$6,724$6,404$6,101$5,812$5,317
6 years$5,825$5,491$5,176$4,879$4,599$4,125
7 years$4,943$4,611$4,301$4,011$3,740$3,286
8 years$4,281$3,953$3,647$3,365$3,103$2,670
9 years$3,767$3,441$3,142$2,866$2,613$2,200
10 years$3,356$3,033$2,739$2,471$2,227$1,833
11 years$3,020$2,701$2,411$2,150$1,915$1,541
12 years$2,740$2,424$2,140$1,886$1,659$1,305
13 years$2,503$2,190$1,912$1,665$1,447$1,111
14 years$2,300$1,991$1,718$1,478$1,268$951
15 years$2,125$1,819$1,551$1,318$1,117$817
16 years$1,972$1,669$1,406$1,180$987$704
17 years$1,836$1,537$1,280$1,060$875$608
18 years$1,716$1,420$1,168$956$778$527
19 years$1,609$1,316$1,069$864$694$457
20 years$1,512$1,223$981$782$620$398
21 years$1,425$1,139$903$710$554$346
22 years$1,346$1,063$832$645$497$302
23 years$1,274$995$768$588$446$264
24 years$1,208$932$710$536$401$230
25 years$1,147$875$658$490$361$201
26 years$1,091$822$610$448$325$176
27 years$1,040$774$567$410$293$154
28 years$992$729$527$375$264$135
29 years$947$688$490$344$239$118
30 years$906$649$457$316$216$104
31 years$867$614$426$290$195$91
32 years$831$581$397$267$176$80
33 years$797$550$371$245$160$70
34 years$765$521$347$226$145$62
35 years$735$494$324$208$131$54
36 years$707$469$303$191$119$48
37 years$680$446$284$176$108$42
38 years$655$424$266$162$97$37
39 years$631$403$249$150$88$32
40 years$608$383$233$138$80$28
41 years$587$365$219$127$73$25
42 years$567$347$205$118$66$22
43 years$547$331$193$109$60$19
44 years$529$316$181$100$54$17
45 years$511$301$170$93$49$15
46 years$494$287$159$86$45$13
47 years$478$274$150$79$41$11
48 years$463$262$141$73$37$10
49 years$448$250$132$67$34$9
50 years$434$239$124$62$30$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $445,000, adding $6,984 every year, while hoping to spend $37,078 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: 76/9/15 Blend
54$445,000$445,000$445,000$445,000
55$497,594$474,009$467,111$533,284
56$508,898$457,785$443,309$541,586
57$520,112$439,523$417,466$545,356
58$531,188$419,084$389,476$548,475
59$542,072$396,322$359,226$550,867
60$552,702$371,080$326,599$552,447
61$563,009$343,195$291,472$553,124
62$572,917$312,492$253,717$552,796
63$582,338$278,788$213,200$551,354
64$591,177$241,889$169,782$548,676
65$599,324$201,588$123,317$544,630
66$606,659$157,671$73,653$539,071
67$613,048$109,906$20,630$531,840
68$618,341$58,053$0$522,763
69$622,371$1,857$0$517,404
70$624,952$0$0$513,698
71$625,878$0$0$513,978
72$624,919$0$0$512,854
73$621,821$0$0$509,928
74$616,302$0$0$504,964
75$608,049$0$0$497,698
76$596,713$0$0$487,840
77$581,911$0$0$475,067
78$563,215$0$0$459,022
79$540,153$0$0$439,308
80$512,203$0$0$415,487
81$478,786$0$0$387,075
82$439,263$0$0$353,535
83$392,924$0$0$314,273
84$338,988$0$0$268,634
85$276,590$0$0$215,893
86$204,771$0$0$155,247
87$122,477$0$0$85,812
88$28,538$0$0$6,608
89$0$0$0$0
90$0$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