Can I retire at age 55 with 460,000?

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 $460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$37,986$37,648$37,318$36,996$36,681$36,073
2 years$18,805$18,455$18,115$17,786$17,467$16,857
3 years$12,412$12,060$11,722$11,396$11,082$10,488
4 years$9,216$8,866$8,531$8,210$7,904$7,330
5 years$7,299$6,951$6,620$6,306$6,008$5,457
6 years$6,022$5,676$5,350$5,043$4,754$4,226
7 years$5,110$4,767$4,446$4,146$3,866$3,362
8 years$4,426$4,086$3,770$3,478$3,208$2,726
9 years$3,894$3,557$3,247$2,963$2,701$2,243
10 years$3,469$3,136$2,831$2,554$2,302$1,865
11 years$3,122$2,792$2,493$2,223$1,979$1,565
12 years$2,832$2,506$2,212$1,949$1,715$1,323
13 years$2,588$2,264$1,976$1,721$1,496$1,124
14 years$2,378$2,058$1,776$1,528$1,311$960
15 years$2,197$1,880$1,603$1,363$1,154$823
16 years$2,038$1,725$1,454$1,220$1,020$708
17 years$1,898$1,589$1,323$1,096$905$610
18 years$1,774$1,468$1,207$988$804$527
19 years$1,663$1,361$1,105$893$717$457
20 years$1,563$1,264$1,014$808$640$396
21 years$1,473$1,178$933$734$573$344
22 years$1,391$1,099$860$667$514$300
23 years$1,317$1,028$794$608$461$261
24 years$1,249$963$734$554$414$227
25 years$1,186$904$680$506$373$198
26 years$1,128$850$631$463$336$173
27 years$1,075$800$586$424$303$151
28 years$1,025$753$545$388$273$132
29 years$979$711$507$356$247$116
30 years$936$671$472$327$223$101
31 years$896$635$440$300$202$88
32 years$859$600$411$276$182$77
33 years$824$569$383$253$165$68
34 years$791$539$358$233$149$59
35 years$760$511$335$215$135$52
36 years$731$485$313$198$123$46
37 years$703$461$293$182$111$40
38 years$677$438$275$168$101$35
39 years$652$416$257$155$91$31
40 years$629$396$241$143$83$27
41 years$607$377$226$132$75$24
42 years$586$359$212$122$68$21
43 years$566$342$199$112$62$18
44 years$547$326$187$104$56$16
45 years$528$311$175$96$51$14
46 years$511$297$165$88$46$12
47 years$495$283$155$82$42$11
48 years$479$270$145$75$38$9
49 years$464$258$137$70$35$8
50 years$449$247$129$64$32$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $460,000, adding $3,281 every year, while hoping to spend $26,992 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: 34/37/29 Blend
54$460,000$460,000$460,000$460,000
55$510,304$485,924$478,794$523,093
56$533,636$481,015$466,115$528,137
57$558,443$474,961$452,106$530,939
58$584,847$467,677$436,694$533,444
59$612,982$459,074$419,804$535,645
60$642,994$449,056$401,355$537,534
61$675,042$437,523$381,263$539,108
62$709,304$424,368$359,443$540,365
63$745,970$409,480$335,801$541,307
64$785,252$392,738$310,244$541,937
65$827,381$374,016$282,671$542,264
66$872,612$353,180$252,978$542,300
67$921,223$330,090$221,057$542,062
68$973,520$304,597$186,794$541,572
69$1,029,838$276,541$150,071$540,860
70$1,090,547$245,757$110,764$539,961
71$1,156,051$212,068$68,744$538,922
72$1,226,797$175,288$23,875$537,796
73$1,303,273$135,219$0$536,647
74$1,386,016$91,655$0$542,982
75$1,475,619$44,374$0$557,828
76$1,572,730$0$0$573,944
77$1,678,064$0$0$594,292
78$1,792,407$0$0$636,049
79$1,916,623$0$0$681,471
80$2,051,663$0$0$730,913
81$2,198,573$0$0$784,767
82$2,358,504$0$0$843,461
83$2,532,721$0$0$907,470
84$2,722,618$0$0$977,313
85$2,929,729$0$0$1,053,566
86$3,155,741$0$0$1,136,857
87$3,402,513$0$0$1,227,883
88$3,672,090$0$0$1,327,409
89$3,966,722$0$0$1,436,276
90$4,288,890$0$0$1,555,411
91$4,641,322$0$0$1,685,837
92$5,027,023$0$0$1,828,676
93$5,449,303$0$0$1,985,168
94$5,911,806$0$0$2,156,677
95$6,418,544$0$0$2,344,703
96$6,973,937$0$0$2,550,901
97$7,582,852$0$0$2,777,094
98$8,250,650$0$0$3,025,287
99$8,983,236$0$0$3,297,691
100$9,787,112$0$0$3,596,740