Can I retire at age 55 with 466,000?

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 $466,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$38,482$38,139$37,805$37,478$37,159$36,409
2 years$19,050$18,696$18,352$18,018$17,695$16,942
3 years$12,574$12,218$11,875$11,545$11,226$10,495
4 years$9,337$8,981$8,642$8,317$8,007$7,302
5 years$7,395$7,042$6,706$6,388$6,087$5,411
6 years$6,100$5,750$5,420$5,109$4,816$4,170
7 years$5,176$4,829$4,504$4,200$3,917$3,300
8 years$4,484$4,139$3,820$3,524$3,249$2,662
9 years$3,945$3,604$3,290$3,001$2,736$2,178
10 years$3,514$3,177$2,868$2,587$2,332$1,802
11 years$3,162$2,828$2,525$2,252$2,005$1,504
12 years$2,869$2,538$2,241$1,975$1,738$1,263
13 years$2,621$2,294$2,002$1,744$1,515$1,067
14 years$2,409$2,085$1,799$1,548$1,328$906
15 years$2,225$1,905$1,624$1,380$1,170$772
16 years$2,065$1,748$1,473$1,236$1,034$659
17 years$1,923$1,609$1,340$1,110$917$565
18 years$1,797$1,487$1,223$1,001$815$485
19 years$1,685$1,378$1,120$904$726$417
20 years$1,584$1,281$1,028$819$649$360
21 years$1,493$1,193$945$743$581$310
22 years$1,410$1,114$871$676$520$268
23 years$1,334$1,042$804$615$467$232
24 years$1,265$976$744$561$420$201
25 years$1,201$916$689$513$378$174
26 years$1,143$861$639$469$340$151
27 years$1,089$810$593$429$307$131
28 years$1,039$763$552$393$277$113
29 years$992$720$513$360$250$98
30 years$949$680$478$331$226$85
31 years$908$643$446$304$204$74
32 years$870$608$416$279$185$64
33 years$835$576$388$257$167$56
34 years$801$546$363$236$151$49
35 years$770$518$339$217$137$42
36 years$740$491$317$200$124$37
37 years$712$467$297$185$113$32
38 years$686$444$278$170$102$28
39 years$661$422$261$157$93$24
40 years$637$401$244$145$84$21
41 years$615$382$229$133$76$18
42 years$593$364$215$123$69$16
43 years$573$347$202$114$63$14
44 years$554$330$189$105$57$12
45 years$535$315$178$97$52$10
46 years$518$301$167$90$47$9
47 years$501$287$157$83$43$8
48 years$485$274$147$76$39$7
49 years$470$262$138$71$35$6
50 years$455$250$130$65$32$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $466,000, adding $4,374 every year, while hoping to spend $27,422 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: 51/33/16 Blend
54$466,000$466,000$466,000$466,000
55$518,044$493,346$486,123$541,986
56$541,707$488,343$473,231$553,900
57$566,866$482,176$458,988$563,617
58$593,642$474,759$443,321$573,577
59$622,172$466,000$426,150$583,812
60$652,603$455,804$407,396$594,358
61$685,098$444,067$386,973$605,257
62$719,833$430,682$364,792$616,557
63$757,005$415,534$340,761$628,312
64$796,827$398,502$314,784$640,585
65$839,532$379,458$286,758$653,446
66$885,378$358,266$256,579$666,975
67$934,648$334,781$224,135$681,263
68$987,650$308,854$189,311$696,413
69$1,044,725$280,322$151,988$712,540
70$1,106,246$249,017$112,038$729,774
71$1,172,623$214,759$69,332$748,263
72$1,244,307$177,359$23,732$768,171
73$1,321,794$136,617$0$789,685
74$1,405,627$92,322$0$817,268
75$1,496,405$44,249$0$851,499
76$1,594,786$0$0$888,608
77$1,701,492$0$0$931,762
78$1,817,320$0$0$996,088
79$1,943,143$0$0$1,066,007
80$2,079,925$0$0$1,142,060
81$2,228,725$0$0$1,224,840
82$2,390,706$0$0$1,315,003
83$2,567,150$0$0$1,413,267
84$2,759,469$0$0$1,520,424
85$2,969,214$0$0$1,637,345
86$3,198,094$0$0$1,764,991
87$3,447,989$0$0$1,904,416
88$3,720,970$0$0$2,056,784
89$4,019,315$0$0$2,223,374
90$4,345,534$0$0$2,405,596
91$4,702,389$0$0$2,605,000
92$5,092,922$0$0$2,823,295
93$5,520,482$0$0$3,062,363
94$5,988,758$0$0$3,324,276
95$6,501,812$0$0$3,611,314
96$7,064,116$0$0$3,925,991
97$7,680,598$0$0$4,271,074
98$8,356,683$0$0$4,649,612
99$9,098,348$0$0$5,064,961
100$9,912,174$0$0$5,520,821