Can I retire at age 55 with 460,000?

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 $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%19.4%
1 years$37,986$37,648$37,318$36,996$36,681$35,295
2 years$18,805$18,455$18,115$17,786$17,467$16,087
3 years$12,412$12,060$11,722$11,396$11,082$9,751
4 years$9,216$8,866$8,531$8,210$7,904$6,632
5 years$7,299$6,951$6,620$6,306$6,008$4,799
6 years$6,022$5,676$5,350$5,043$4,754$3,609
7 years$5,110$4,767$4,446$4,146$3,866$2,784
8 years$4,426$4,086$3,770$3,478$3,208$2,187
9 years$3,894$3,557$3,247$2,963$2,701$1,741
10 years$3,469$3,136$2,831$2,554$2,302$1,401
11 years$3,122$2,792$2,493$2,223$1,979$1,135
12 years$2,832$2,506$2,212$1,949$1,715$926
13 years$2,588$2,264$1,976$1,721$1,496$759
14 years$2,378$2,058$1,776$1,528$1,311$624
15 years$2,197$1,880$1,603$1,363$1,154$515
16 years$2,038$1,725$1,454$1,220$1,020$426
17 years$1,898$1,589$1,323$1,096$905$353
18 years$1,774$1,468$1,207$988$804$294
19 years$1,663$1,361$1,105$893$717$244
20 years$1,563$1,264$1,014$808$640$203
21 years$1,473$1,178$933$734$573$169
22 years$1,391$1,099$860$667$514$141
23 years$1,317$1,028$794$608$461$118
24 years$1,249$963$734$554$414$99
25 years$1,186$904$680$506$373$82
26 years$1,128$850$631$463$336$69
27 years$1,075$800$586$424$303$58
28 years$1,025$753$545$388$273$48
29 years$979$711$507$356$247$40
30 years$936$671$472$327$223$34
31 years$896$635$440$300$202$28
32 years$859$600$411$276$182$24
33 years$824$569$383$253$165$20
34 years$791$539$358$233$149$17
35 years$760$511$335$215$135$14
36 years$731$485$313$198$123$12
37 years$703$461$293$182$111$10
38 years$677$438$275$168$101$8
39 years$652$416$257$155$91$7
40 years$629$396$241$143$83$6
41 years$607$377$226$132$75$5
42 years$586$359$212$122$68$4
43 years$566$342$199$112$62$3
44 years$547$326$187$104$56$3
45 years$528$311$175$96$51$2
46 years$511$297$165$88$46$2
47 years$495$283$155$82$42$2
48 years$479$270$145$75$38$1
49 years$464$258$137$70$35$1
50 years$449$247$129$64$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $460,000, adding $5,945 every year, while hoping to spend $30,528 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: 50/20/30 Blend
54$460,000$460,000$460,000$460,000
55$513,052$488,672$481,542$534,083
56$532,902$480,136$465,192$540,896
57$553,753$470,158$447,272$544,808
58$575,676$458,635$427,695$548,475
59$598,746$445,460$406,374$551,889
60$623,047$430,515$383,216$555,042
61$648,667$413,681$358,124$557,929
62$675,707$394,826$330,996$560,546
63$704,271$373,815$301,727$562,890
64$734,479$350,504$270,206$564,960
65$766,456$324,739$236,319$566,760
66$800,342$296,359$199,943$568,295
67$836,289$265,192$160,953$569,573
68$874,464$231,060$119,219$570,609
69$915,048$193,771$74,601$571,419
70$958,240$153,123$26,958$572,026
71$1,004,259$108,904$0$572,461
72$1,053,342$60,889$0$580,404
73$1,105,751$8,841$0$597,960
74$1,161,772$0$0$616,595
75$1,221,720$0$0$646,877
76$1,285,937$0$0$681,433
77$1,354,802$0$0$718,523
78$1,428,729$0$0$758,376
79$1,508,173$0$0$801,240
80$1,593,631$0$0$847,390
81$1,685,652$0$0$897,127
82$1,784,838$0$0$950,781
83$1,891,850$0$0$1,008,715
84$2,007,412$0$0$1,071,329
85$2,132,324$0$0$1,139,060
86$2,267,461$0$0$1,212,392
87$2,413,789$0$0$1,291,853
88$2,572,365$0$0$1,378,027
89$2,744,356$0$0$1,471,555
90$2,931,043$0$0$1,573,141
91$3,133,835$0$0$1,683,561
92$3,354,282$0$0$1,803,667
93$3,594,090$0$0$1,934,398
94$3,855,135$0$0$2,076,786
95$4,139,481$0$0$2,231,968
96$4,449,401$0$0$2,401,194
97$4,787,396$0$0$2,585,841
98$5,156,217$0$0$2,787,423
99$5,558,893$0$0$3,007,607
100$5,998,760$0$0$3,248,231