Can I retire at age 55 with 461,000?

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 $461,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$38,069$37,730$37,399$37,076$36,761$35,527
2 years$18,846$18,495$18,155$17,825$17,505$16,274
3 years$12,439$12,087$11,747$11,421$11,106$9,917
4 years$9,236$8,885$8,549$8,228$7,921$6,782
5 years$7,315$6,966$6,634$6,320$6,021$4,937
6 years$6,035$5,688$5,362$5,054$4,764$3,734
7 years$5,121$4,777$4,456$4,155$3,875$2,899
8 years$4,435$4,095$3,779$3,486$3,215$2,292
9 years$3,903$3,565$3,255$2,969$2,707$1,838
10 years$3,477$3,143$2,837$2,559$2,307$1,488
11 years$3,128$2,798$2,498$2,227$1,984$1,215
12 years$2,838$2,511$2,217$1,954$1,719$998
13 years$2,593$2,269$1,981$1,725$1,499$824
14 years$2,383$2,063$1,780$1,531$1,314$683
15 years$2,201$1,884$1,607$1,365$1,157$568
16 years$2,042$1,729$1,457$1,223$1,023$474
17 years$1,902$1,592$1,326$1,099$907$396
18 years$1,778$1,471$1,210$990$806$332
19 years$1,667$1,364$1,108$895$719$278
20 years$1,567$1,267$1,017$810$642$234
21 years$1,476$1,180$935$735$574$196
22 years$1,395$1,102$862$669$515$165
23 years$1,320$1,030$796$609$462$139
24 years$1,251$965$736$555$415$117
25 years$1,189$906$682$507$374$99
26 years$1,131$851$632$464$337$83
27 years$1,077$801$587$424$304$70
28 years$1,027$755$546$389$274$59
29 years$981$712$508$357$247$50
30 years$938$673$473$327$223$42
31 years$898$636$441$301$202$36
32 years$861$602$411$276$183$30
33 years$826$570$384$254$165$25
34 years$793$540$359$234$150$22
35 years$761$512$336$215$136$18
36 years$732$486$314$198$123$15
37 years$705$462$294$183$111$13
38 years$678$439$275$168$101$11
39 years$654$417$258$155$92$9
40 years$630$397$242$143$83$8
41 years$608$378$227$132$75$7
42 years$587$360$213$122$68$6
43 years$567$343$199$112$62$5
44 years$548$327$187$104$56$4
45 years$530$312$176$96$51$3
46 years$512$297$165$89$46$3
47 years$496$284$155$82$42$2
48 years$480$271$146$76$38$2
49 years$465$259$137$70$35$2
50 years$450$247$129$65$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $461,000, adding $3,480 every year, while hoping to spend $25,342 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: 37/37/26 Blend
54$461,000$461,000$461,000$461,000
55$511,612$487,179$480,033$526,451
56$536,832$484,087$469,151$534,583
57$563,776$479,994$457,054$540,785
58$592,592$474,824$443,676$546,990
59$623,444$468,498$428,946$553,214
60$656,510$460,929$412,791$559,478
61$691,987$452,028$395,133$565,806
62$730,092$441,699$375,892$572,228
63$771,060$429,841$354,982$578,777
64$815,151$416,346$332,318$585,495
65$862,651$401,102$307,805$592,429
66$913,873$383,988$281,348$599,635
67$969,162$364,877$252,847$607,178
68$1,028,895$343,635$222,196$615,130
69$1,093,489$320,120$189,287$623,577
70$1,163,401$294,181$154,003$632,616
71$1,239,132$265,660$116,227$642,359
72$1,321,235$234,390$75,832$652,931
73$1,410,318$200,192$32,690$664,478
74$1,507,049$162,879$0$677,161
75$1,612,161$122,253$0$694,871
76$1,726,464$78,106$0$724,029
77$1,850,846$30,216$0$755,835
78$1,986,286$0$0$790,596
79$2,133,861$0$0$837,470
80$2,294,755$0$0$902,047
81$2,470,272$0$0$972,553
82$2,661,848$0$0$1,049,574
83$2,871,062$0$0$1,133,752
84$3,099,654$0$0$1,225,796
85$3,349,538$0$0$1,326,485
86$3,622,822$0$0$1,436,678
87$3,921,828$0$0$1,557,319
88$4,249,111$0$0$1,689,449
89$4,607,485$0$0$1,834,216
90$5,000,050$0$0$1,992,880
91$5,430,218$0$0$2,166,833
92$5,901,749$0$0$2,357,606
93$6,418,782$0$0$2,566,884
94$6,985,876$0$0$2,796,526
95$7,608,054$0$0$3,048,579
96$8,290,847$0$0$3,325,294
97$9,040,348$0$0$3,629,157
98$9,863,269$0$0$3,962,901
99$10,767,004$0$0$4,329,539
100$11,759,696$0$0$4,732,390