Can I retire at age 55 with 456,000?

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 $456,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$37,656$37,321$36,993$36,674$36,362$35,469
2 years$18,642$18,294$17,958$17,632$17,315$16,421
3 years$12,304$11,956$11,620$11,297$10,986$10,118
4 years$9,136$8,789$8,456$8,139$7,835$7,001
5 years$7,236$6,890$6,562$6,251$5,956$5,157
6 years$5,969$5,627$5,303$4,999$4,713$3,951
7 years$5,065$4,725$4,407$4,110$3,833$3,108
8 years$4,387$4,050$3,738$3,448$3,180$2,491
9 years$3,860$3,527$3,219$2,937$2,678$2,025
10 years$3,439$3,108$2,807$2,532$2,282$1,664
11 years$3,094$2,767$2,471$2,203$1,962$1,378
12 years$2,808$2,484$2,193$1,933$1,700$1,150
13 years$2,565$2,245$1,959$1,706$1,483$964
14 years$2,357$2,040$1,760$1,515$1,300$812
15 years$2,177$1,864$1,589$1,351$1,144$687
16 years$2,020$1,710$1,441$1,209$1,011$582
17 years$1,882$1,575$1,311$1,087$897$495
18 years$1,759$1,455$1,197$979$797$422
19 years$1,649$1,349$1,096$885$711$360
20 years$1,550$1,253$1,006$801$635$307
21 years$1,460$1,167$925$727$568$263
22 years$1,379$1,090$853$661$509$225
23 years$1,305$1,019$787$602$457$193
24 years$1,238$955$728$549$411$166
25 years$1,176$896$674$502$370$142
26 years$1,118$842$625$459$333$122
27 years$1,065$793$581$420$300$105
28 years$1,016$747$540$385$271$90
29 years$971$705$502$353$245$78
30 years$928$665$468$324$221$67
31 years$889$629$436$297$200$58
32 years$851$595$407$273$181$50
33 years$817$564$380$251$164$43
34 years$784$534$355$231$148$37
35 years$753$507$332$213$134$32
36 years$724$481$311$196$122$27
37 years$697$457$291$181$110$23
38 years$671$434$272$166$100$20
39 years$647$413$255$153$91$17
40 years$623$393$239$142$82$15
41 years$601$374$224$131$75$13
42 years$581$356$210$121$68$11
43 years$561$339$197$111$61$10
44 years$542$323$185$103$56$8
45 years$524$308$174$95$51$7
46 years$507$294$163$88$46$6
47 years$490$281$153$81$42$5
48 years$475$268$144$75$38$5
49 years$460$256$136$69$34$4
50 years$445$244$127$64$31$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $456,000, adding $5,670 every year, while hoping to spend $31,640 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: 60/20/20 Blend
54$456,000$456,000$456,000$456,000
55$508,361$484,193$477,125$535,879
56$526,549$474,253$459,444$545,235
57$545,531$462,767$440,110$551,463
58$565,357$449,623$419,034$557,542
59$586,076$434,707$396,125$563,465
60$607,744$417,897$371,284$569,221
61$630,423$399,062$344,410$574,803
62$654,176$378,066$315,398$580,203
63$679,075$354,764$284,137$585,415
64$705,195$329,003$250,510$590,433
65$732,621$300,620$214,399$595,253
66$761,443$269,445$175,675$599,874
67$791,758$235,296$134,208$604,296
68$823,674$197,982$89,861$608,519
69$857,307$157,301$42,489$612,550
70$892,783$113,040$0$616,397
71$930,241$64,973$0$621,792
72$969,831$12,862$0$636,818
73$1,011,718$0$0$652,454
74$1,056,080$0$0$678,347
75$1,103,114$0$0$708,818
76$1,153,034$0$0$741,178
77$1,206,073$0$0$775,579
78$1,262,489$0$0$812,192
79$1,322,561$0$0$851,201
80$1,386,597$0$0$892,808
81$1,454,932$0$0$937,235
82$1,527,934$0$0$984,724
83$1,606,008$0$0$1,035,542
84$1,689,595$0$0$1,089,979
85$1,779,180$0$0$1,148,357
86$1,875,297$0$0$1,211,027
87$1,978,529$0$0$1,278,373
88$2,089,518$0$0$1,350,819
89$2,208,966$0$0$1,428,828
90$2,337,646$0$0$1,512,912
91$2,476,408$0$0$1,603,630
92$2,626,185$0$0$1,701,599
93$2,787,999$0$0$1,807,493
94$2,962,978$0$0$1,922,057
95$3,152,359$0$0$2,046,108
96$3,357,502$0$0$2,180,544
97$3,579,902$0$0$2,326,354
98$3,821,206$0$0$2,484,623
99$4,083,222$0$0$2,656,546
100$4,367,939$0$0$2,843,437