Can I retire at age 55 with 462,000?

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 $462,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$38,152$37,812$37,480$37,157$36,841$35,718
2 years$18,887$18,535$18,194$17,864$17,543$16,422
3 years$12,466$12,113$11,773$11,445$11,130$10,046
4 years$9,256$8,904$8,568$8,246$7,938$6,898
5 years$7,331$6,981$6,649$6,334$6,034$5,042
6 years$6,048$5,701$5,373$5,065$4,775$3,831
7 years$5,132$4,787$4,465$4,164$3,883$2,988
8 years$4,445$4,104$3,787$3,493$3,221$2,374
9 years$3,911$3,573$3,262$2,975$2,713$1,912
10 years$3,484$3,149$2,844$2,565$2,312$1,556
11 years$3,135$2,804$2,503$2,232$1,988$1,277
12 years$2,845$2,516$2,222$1,958$1,723$1,055
13 years$2,599$2,274$1,985$1,729$1,502$876
14 years$2,388$2,067$1,783$1,534$1,317$730
15 years$2,206$1,888$1,610$1,368$1,160$611
16 years$2,047$1,733$1,460$1,225$1,025$512
17 years$1,906$1,596$1,328$1,101$909$431
18 years$1,782$1,474$1,213$992$808$363
19 years$1,670$1,366$1,110$896$720$306
20 years$1,570$1,270$1,019$812$643$259
21 years$1,480$1,183$937$737$576$219
22 years$1,398$1,104$864$670$516$185
23 years$1,323$1,033$798$610$463$157
24 years$1,254$967$738$557$416$133
25 years$1,191$908$683$508$375$113
26 years$1,133$853$634$465$337$96
27 years$1,079$803$588$425$304$81
28 years$1,030$757$547$390$274$69
29 years$983$714$509$357$248$59
30 years$940$674$474$328$224$50
31 years$900$637$442$301$202$42
32 years$863$603$412$277$183$36
33 years$827$571$385$255$166$31
34 years$794$541$360$234$150$26
35 years$763$513$336$216$136$22
36 years$734$487$315$199$123$19
37 years$706$463$294$183$112$16
38 years$680$440$276$169$101$14
39 years$655$418$258$156$92$12
40 years$632$398$242$143$83$10
41 years$609$379$227$132$76$8
42 years$588$361$213$122$69$7
43 years$568$344$200$113$62$6
44 years$549$328$188$104$56$5
45 years$531$312$176$96$51$4
46 years$513$298$165$89$47$4
47 years$497$284$155$82$42$3
48 years$481$272$146$76$38$3
49 years$466$259$137$70$35$2
50 years$451$248$129$65$32$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $462,000, adding $4,711 every year, while hoping to spend $29,975 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: 64/19/17 Blend
54$462,000$462,000$462,000$462,000
55$513,983$489,497$482,336$544,418
56$534,517$481,590$466,601$557,510
57$556,139$472,290$449,335$567,953
58$578,932$461,498$430,453$578,643
59$602,980$449,108$409,871$589,604
60$628,378$435,009$387,496$600,864
61$655,229$419,081$363,234$612,456
62$683,647$401,200$336,986$624,417
63$713,753$381,233$308,649$636,788
64$745,681$359,039$278,114$649,619
65$779,578$334,470$245,269$662,962
66$815,605$307,369$209,996$676,879
67$853,937$277,570$172,171$691,438
68$894,766$244,898$131,665$706,719
69$938,301$209,167$88,345$722,808
70$984,774$170,182$42,071$739,804
71$1,034,435$127,736$0$757,819
72$1,087,563$81,610$0$778,304
73$1,144,460$31,574$0$808,302
74$1,205,457$0$0$840,360
75$1,270,921$0$0$879,411
76$1,341,252$0$0$928,480
77$1,416,887$0$0$981,274
78$1,498,311$0$0$1,038,132
79$1,586,052$0$0$1,099,429
80$1,680,693$0$0$1,165,573
81$1,782,873$0$0$1,237,015
82$1,893,293$0$0$1,314,249
83$2,012,726$0$0$1,397,819
84$2,142,020$0$0$1,488,324
85$2,282,108$0$0$1,586,419
86$2,434,015$0$0$1,692,829
87$2,598,870$0$0$1,808,347
88$2,777,912$0$0$1,933,847
89$2,972,506$0$0$2,070,292
90$3,184,153$0$0$2,218,738
91$3,414,504$0$0$2,380,350
92$3,665,377$0$0$2,556,409
93$3,938,770$0$0$2,748,323
94$4,236,884$0$0$2,957,645
95$4,562,141$0$0$3,186,080
96$4,917,207$0$0$3,435,508
97$5,305,016$0$0$3,707,999
98$5,728,799$0$0$4,005,828
99$6,192,112$0$0$4,331,504
100$6,698,870$0$0$4,687,787