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%11.6%
1 years$38,482$38,139$37,805$37,478$37,159$36,910
2 years$19,050$18,696$18,352$18,018$17,695$17,443
3 years$12,574$12,218$11,875$11,545$11,226$10,980
4 years$9,337$8,981$8,642$8,317$8,007$7,768
5 years$7,395$7,042$6,706$6,388$6,087$5,856
6 years$6,100$5,750$5,420$5,109$4,816$4,594
7 years$5,176$4,829$4,504$4,200$3,917$3,704
8 years$4,484$4,139$3,820$3,524$3,249$3,045
9 years$3,945$3,604$3,290$3,001$2,736$2,541
10 years$3,514$3,177$2,868$2,587$2,332$2,144
11 years$3,162$2,828$2,525$2,252$2,005$1,826
12 years$2,869$2,538$2,241$1,975$1,738$1,567
13 years$2,621$2,294$2,002$1,744$1,515$1,353
14 years$2,409$2,085$1,799$1,548$1,328$1,174
15 years$2,225$1,905$1,624$1,380$1,170$1,022
16 years$2,065$1,748$1,473$1,236$1,034$894
17 years$1,923$1,609$1,340$1,110$917$784
18 years$1,797$1,487$1,223$1,001$815$689
19 years$1,685$1,378$1,120$904$726$608
20 years$1,584$1,281$1,028$819$649$537
21 years$1,493$1,193$945$743$581$475
22 years$1,410$1,114$871$676$520$420
23 years$1,334$1,042$804$615$467$373
24 years$1,265$976$744$561$420$331
25 years$1,201$916$689$513$378$294
26 years$1,143$861$639$469$340$262
27 years$1,089$810$593$429$307$233
28 years$1,039$763$552$393$277$208
29 years$992$720$513$360$250$185
30 years$949$680$478$331$226$165
31 years$908$643$446$304$204$147
32 years$870$608$416$279$185$132
33 years$835$576$388$257$167$118
34 years$801$546$363$236$151$105
35 years$770$518$339$217$137$94
36 years$740$491$317$200$124$84
37 years$712$467$297$185$113$75
38 years$686$444$278$170$102$67
39 years$661$422$261$157$93$60
40 years$637$401$244$145$84$54
41 years$615$382$229$133$76$48
42 years$593$364$215$123$69$43
43 years$573$347$202$114$63$39
44 years$554$330$189$105$57$35
45 years$535$315$178$97$52$31
46 years$518$301$167$90$47$28
47 years$501$287$157$83$43$25
48 years$485$274$147$76$39$22
49 years$470$262$138$71$35$20
50 years$455$250$130$65$32$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $466,000, adding $5,405 every year, while hoping to spend $26,430 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: 78/14/8 Blend
54$466,000$466,000$466,000$466,000
55$519,107$494,409$487,186$558,597
56$543,935$490,514$475,386$581,392
57$570,409$485,542$462,304$602,415
58$598,670$479,413$447,870$624,695
59$628,871$472,041$432,011$648,345
60$661,180$463,335$414,647$673,489
61$695,782$453,200$395,700$700,266
62$732,879$441,534$375,083$728,827
63$772,693$428,229$352,708$759,341
64$815,467$413,172$328,484$791,992
65$861,469$396,242$302,312$826,984
66$910,993$377,311$274,093$864,543
67$964,359$356,245$243,720$904,918
68$1,021,923$332,900$211,084$948,382
69$1,084,074$307,127$176,070$995,238
70$1,151,238$278,764$138,557$1,045,821
71$1,223,885$247,645$98,420$1,100,499
72$1,302,532$213,590$55,527$1,159,678
73$1,387,745$176,411$9,743$1,223,809
74$1,480,150$135,910$0$1,293,386
75$1,580,432$91,876$0$1,372,295
76$1,689,346$44,088$0$1,458,905
77$1,807,722$0$0$1,553,063
78$1,936,473$0$0$1,656,701
79$2,076,605$0$0$1,776,907
80$2,229,222$0$0$1,907,836
81$2,395,541$0$0$2,050,536
82$2,576,901$0$0$2,206,156
83$2,774,776$0$0$2,375,963
84$2,990,788$0$0$2,561,350
85$3,226,722$0$0$2,763,853
86$3,484,544$0$0$2,985,161
87$3,766,418$0$0$3,227,133
88$4,074,726$0$0$3,491,817
89$4,412,091$0$0$3,781,467
90$4,781,403$0$0$4,098,566
91$5,185,842$0$0$4,445,849
92$5,628,911$0$0$4,826,324
93$6,114,467$0$0$5,243,309
94$6,646,759$0$0$5,700,455
95$7,230,467$0$0$6,201,782
96$7,870,744$0$0$6,751,721
97$8,573,266$0$0$7,355,151
98$9,344,286$0$0$8,017,445
99$10,190,691$0$0$8,744,524
100$11,120,068$0$0$9,542,907