Can I retire at age 55 with 464,000?

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 $464,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$38,317$37,975$37,642$37,317$37,000$36,417
2 years$18,969$18,615$18,273$17,941$17,619$17,033
3 years$12,520$12,165$11,824$11,495$11,178$10,608
4 years$9,297$8,943$8,605$8,282$7,972$7,422
5 years$7,363$7,011$6,678$6,361$6,061$5,531
6 years$6,074$5,725$5,397$5,087$4,795$4,288
7 years$5,154$4,808$4,485$4,182$3,900$3,415
8 years$4,464$4,121$3,803$3,508$3,235$2,772
9 years$3,928$3,588$3,276$2,988$2,725$2,283
10 years$3,499$3,163$2,856$2,576$2,322$1,902
11 years$3,149$2,816$2,514$2,242$1,997$1,598
12 years$2,857$2,527$2,231$1,966$1,730$1,352
13 years$2,610$2,284$1,994$1,736$1,509$1,150
14 years$2,399$2,076$1,791$1,541$1,323$984
15 years$2,216$1,897$1,617$1,374$1,165$844
16 years$2,056$1,740$1,466$1,231$1,029$727
17 years$1,915$1,603$1,334$1,106$913$628
18 years$1,789$1,481$1,218$996$811$544
19 years$1,678$1,372$1,115$900$723$471
20 years$1,577$1,275$1,023$815$646$410
21 years$1,486$1,188$941$740$578$356
22 years$1,404$1,109$867$673$518$311
23 years$1,328$1,037$801$613$465$271
24 years$1,260$972$741$559$418$236
25 years$1,196$912$686$510$376$207
26 years$1,138$857$636$467$339$181
27 years$1,084$807$591$427$306$158
28 years$1,034$760$549$391$276$138
29 years$988$717$511$359$249$121
30 years$945$677$476$329$225$106
31 years$904$640$444$303$203$93
32 years$866$606$414$278$184$82
33 years$831$574$387$256$166$72
34 years$798$544$361$235$151$63
35 years$766$516$338$217$137$55
36 years$737$489$316$199$124$48
37 years$709$465$296$184$112$42
38 years$683$442$277$169$102$37
39 years$658$420$259$156$92$33
40 years$634$400$243$144$84$29
41 years$612$380$228$133$76$25
42 years$591$362$214$123$69$22
43 years$571$345$201$113$62$19
44 years$551$329$188$105$57$17
45 years$533$314$177$97$51$15
46 years$515$299$166$89$47$13
47 years$499$286$156$82$42$12
48 years$483$273$147$76$39$10
49 years$468$260$138$70$35$9
50 years$453$249$130$65$32$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $464,000, adding $5,946 every year, while hoping to spend $30,550 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: 43/35/22 Blend
54$464,000$464,000$464,000$464,000
55$517,461$492,869$485,677$536,170
56$537,737$484,515$469,443$541,662
57$559,058$474,727$451,640$544,193
58$581,497$463,404$432,185$546,318
59$605,135$450,436$410,989$548,013
60$630,060$435,709$387,959$549,257
61$656,369$419,102$362,998$550,031
62$684,166$400,485$336,005$550,312
63$713,564$379,722$306,875$550,080
64$744,689$356,670$275,497$549,318
65$777,677$331,176$241,755$548,008
66$812,676$303,080$205,530$546,132
67$849,848$272,210$166,695$543,679
68$889,372$238,388$125,118$540,635
69$931,442$201,422$80,663$536,992
70$976,270$161,113$33,187$532,745
71$1,024,090$117,249$0$527,892
72$1,075,158$69,604$0$526,541
73$1,129,752$17,943$0$533,177
74$1,188,181$0$0$540,054
75$1,250,780$0$0$561,865
76$1,317,918$0$0$592,708
77$1,390,000$0$0$625,863
78$1,467,471$0$0$661,540
79$1,550,818$0$0$699,969
80$1,640,578$0$0$741,403
81$1,737,337$0$0$786,119
82$1,841,742$0$0$834,423
83$1,954,503$0$0$886,650
84$2,076,401$0$0$943,167
85$2,208,291$0$0$1,004,381
86$2,351,118$0$0$1,070,737
87$2,505,917$0$0$1,142,724
88$2,673,828$0$0$1,220,881
89$2,856,103$0$0$1,305,801
90$3,054,121$0$0$1,398,134
91$3,269,397$0$0$1,498,599
92$3,503,600$0$0$1,607,983
93$3,758,565$0$0$1,727,155
94$4,036,310$0$0$1,857,071
95$4,339,058$0$0$1,998,780
96$4,669,254$0$0$2,153,441
97$5,029,590$0$0$2,322,327
98$5,423,029$0$0$2,506,841
99$5,852,831$0$0$2,708,525
100$6,322,588$0$0$2,929,080