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%13.4%
1 years$38,234$37,894$37,561$37,237$36,920$36,399
2 years$18,928$18,575$18,234$17,902$17,581$17,057
3 years$12,493$12,139$11,798$11,470$11,154$10,643
4 years$9,277$8,924$8,586$8,264$7,955$7,461
5 years$7,347$6,996$6,663$6,347$6,047$5,572
6 years$6,061$5,713$5,385$5,076$4,785$4,329
7 years$5,143$4,798$4,475$4,173$3,892$3,455
8 years$4,455$4,113$3,795$3,501$3,228$2,812
9 years$3,920$3,581$3,269$2,982$2,719$2,321
10 years$3,492$3,156$2,850$2,570$2,317$1,938
11 years$3,142$2,810$2,509$2,237$1,992$1,632
12 years$2,851$2,522$2,227$1,962$1,727$1,385
13 years$2,604$2,279$1,989$1,732$1,506$1,181
14 years$2,394$2,072$1,787$1,538$1,320$1,013
15 years$2,211$1,892$1,614$1,371$1,162$872
16 years$2,051$1,736$1,463$1,228$1,027$753
17 years$1,911$1,599$1,331$1,103$911$652
18 years$1,786$1,478$1,215$994$810$566
19 years$1,674$1,369$1,113$898$722$492
20 years$1,574$1,273$1,021$814$645$429
21 years$1,483$1,185$939$738$577$374
22 years$1,401$1,106$866$671$517$327
23 years$1,326$1,035$799$612$464$286
24 years$1,257$970$739$558$417$251
25 years$1,194$910$685$509$375$220
26 years$1,136$855$635$466$338$193
27 years$1,082$805$590$426$305$169
28 years$1,032$758$548$391$275$149
29 years$986$715$510$358$248$131
30 years$942$676$475$329$224$115
31 years$902$639$443$302$203$101
32 years$864$604$413$277$184$89
33 years$829$572$386$255$166$78
34 years$796$542$361$235$150$69
35 years$765$514$337$216$136$61
36 years$735$488$315$199$123$53
37 years$708$464$295$183$112$47
38 years$681$441$276$169$101$41
39 years$657$419$259$156$92$36
40 years$633$399$243$144$83$32
41 years$611$380$228$133$76$28
42 years$589$362$213$122$69$25
43 years$569$344$200$113$62$22
44 years$550$328$188$104$57$19
45 years$532$313$177$96$51$17
46 years$514$299$166$89$47$15
47 years$498$285$156$82$42$13
48 years$482$272$146$76$38$12
49 years$467$260$138$70$35$10
50 years$452$248$129$65$32$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $463,000, adding $4,715 every year, while hoping to spend $20,299 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: 68/15/17 Blend
54$463,000$463,000$463,000$463,000
55$515,090$490,551$483,374$547,701
56$546,031$492,990$477,969$572,502
57$579,447$494,868$471,703$596,794
58$615,571$496,136$464,525$622,860
59$654,655$496,743$456,382$650,872
60$696,980$496,633$447,220$681,023
61$742,851$495,747$436,982$713,522
62$792,606$494,023$425,605$748,602
63$846,617$491,395$413,028$786,520
64$905,292$487,794$399,185$827,560
65$969,080$483,144$384,005$872,033
66$1,038,475$477,366$367,418$920,285
67$1,114,020$470,378$349,347$972,698
68$1,196,314$462,091$329,715$1,029,691
69$1,286,015$452,410$308,437$1,091,729
70$1,383,847$441,237$285,428$1,159,324
71$1,490,608$428,466$260,599$1,233,041
72$1,607,175$413,986$233,854$1,313,504
73$1,734,515$397,679$205,096$1,401,400
74$1,873,690$379,420$174,221$1,497,491
75$2,025,873$359,078$141,124$1,602,612
76$2,192,351$336,512$105,691$1,717,689
77$2,374,546$311,576$67,806$1,843,743
78$2,574,019$284,113$27,347$1,981,898
79$2,792,493$253,958$0$2,133,397
80$3,031,862$220,937$0$2,302,479
81$3,294,215$184,866$0$2,493,267
82$3,581,851$145,551$0$2,702,486
83$3,897,302$102,785$0$2,932,001
84$4,243,357$56,351$0$3,183,868
85$4,623,089$6,022$0$3,460,352
86$5,039,881$0$0$3,763,953
87$5,497,460$0$0$4,105,418
88$5,999,933$0$0$4,481,506
89$6,551,823$0$0$4,894,610
90$7,158,112$0$0$5,348,464
91$7,824,291$0$0$5,847,182
92$8,556,404$0$0$6,395,294
93$9,361,116$0$0$6,997,792
94$10,245,765$0$0$7,660,175
95$11,218,437$0$0$8,388,503
96$12,288,042$0$0$9,189,450
97$13,464,393$0$0$10,070,371
98$14,758,306$0$0$11,039,370
99$16,181,696$0$0$12,105,374
100$17,747,689$0$0$13,278,220