Can I retire at age 55 with 463,000?

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 $463,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$38,234$37,894$37,561$37,237$36,920$35,667
2 years$18,928$18,575$18,234$17,902$17,581$16,331
3 years$12,493$12,139$11,798$11,470$11,154$9,947
4 years$9,277$8,924$8,586$8,264$7,955$6,799
5 years$7,347$6,996$6,663$6,347$6,047$4,946
6 years$6,061$5,713$5,385$5,076$4,785$3,740
7 years$5,143$4,798$4,475$4,173$3,892$2,902
8 years$4,455$4,113$3,795$3,501$3,228$2,293
9 years$3,920$3,581$3,269$2,982$2,719$1,837
10 years$3,492$3,156$2,850$2,570$2,317$1,487
11 years$3,142$2,810$2,509$2,237$1,992$1,213
12 years$2,851$2,522$2,227$1,962$1,727$996
13 years$2,604$2,279$1,989$1,732$1,506$822
14 years$2,394$2,072$1,787$1,538$1,320$681
15 years$2,211$1,892$1,614$1,371$1,162$566
16 years$2,051$1,736$1,463$1,228$1,027$472
17 years$1,911$1,599$1,331$1,103$911$394
18 years$1,786$1,478$1,215$994$810$330
19 years$1,674$1,369$1,113$898$722$276
20 years$1,574$1,273$1,021$814$645$232
21 years$1,483$1,185$939$738$577$195
22 years$1,401$1,106$866$671$517$164
23 years$1,326$1,035$799$612$464$138
24 years$1,257$970$739$558$417$116
25 years$1,194$910$685$509$375$98
26 years$1,136$855$635$466$338$82
27 years$1,082$805$590$426$305$69
28 years$1,032$758$548$391$275$58
29 years$986$715$510$358$248$49
30 years$942$676$475$329$224$42
31 years$902$639$443$302$203$35
32 years$864$604$413$277$184$30
33 years$829$572$386$255$166$25
34 years$796$542$361$235$150$21
35 years$765$514$337$216$136$18
36 years$735$488$315$199$123$15
37 years$708$464$295$183$112$13
38 years$681$441$276$169$101$11
39 years$657$419$259$156$92$9
40 years$633$399$243$144$83$8
41 years$611$380$228$133$76$6
42 years$589$362$213$122$69$5
43 years$569$344$200$113$62$5
44 years$550$328$188$104$57$4
45 years$532$313$177$96$51$3
46 years$514$299$166$89$47$3
47 years$498$285$156$82$42$2
48 years$482$272$146$76$38$2
49 years$467$260$138$70$35$2
50 years$452$248$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 $463,000, adding $5,656 every year, while hoping to spend $30,332 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: 47/28/25 Blend
54$463,000$463,000$463,000$463,000
55$516,060$491,521$484,345$536,392
56$536,425$483,333$468,297$543,057
57$557,851$473,726$450,696$546,856
58$580,414$462,601$431,456$550,377
59$604,196$449,848$410,489$553,608
60$629,288$435,355$387,705$556,538
61$655,789$419,001$363,007$559,160
62$683,806$400,659$336,294$561,464
63$713,456$380,193$307,462$563,446
64$744,867$357,461$276,400$565,102
65$778,180$332,312$242,996$566,429
66$813,546$304,588$207,128$567,430
67$851,134$274,118$168,673$568,110
68$891,125$240,726$127,499$568,477
69$933,721$204,222$83,471$568,545
70$979,140$164,409$36,447$568,332
71$1,027,622$121,075$0$567,862
72$1,079,431$73,999$0$570,832
73$1,134,854$22,946$0$584,228
74$1,194,208$0$0$598,410
75$1,257,840$0$0$623,441
76$1,326,130$0$0$657,927
77$1,399,495$0$0$695,015
78$1,478,393$0$0$734,939
79$1,563,327$0$0$777,961
80$1,654,851$0$0$824,364
81$1,753,569$0$0$874,463
82$1,860,150$0$0$928,601
83$1,975,324$0$0$987,157
84$2,099,898$0$0$1,050,547
85$2,234,756$0$0$1,119,227
86$2,380,871$0$0$1,193,701
87$2,539,311$0$0$1,274,521
88$2,711,253$0$0$1,362,295
89$2,897,991$0$0$1,457,692
90$3,100,948$0$0$1,561,447
91$3,321,687$0$0$1,674,370
92$3,561,932$0$0$1,797,352
93$3,823,577$0$0$1,931,372
94$4,108,708$0$0$2,077,508
95$4,419,618$0$0$2,236,948
96$4,758,833$0$0$2,410,999
97$5,129,133$0$0$2,601,098
98$5,533,578$0$0$2,808,828
99$5,975,537$0$0$3,035,934
100$6,458,718$0$0$3,284,333