Can I retire at age 55 with 467,000?

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 $467,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$38,564$38,221$37,886$37,559$37,239$36,369
2 years$19,091$18,736$18,391$18,057$17,733$16,861
3 years$12,601$12,244$11,900$11,569$11,251$10,404
4 years$9,357$9,001$8,660$8,335$8,024$7,210
5 years$7,410$7,057$6,721$6,402$6,100$5,320
6 years$6,113$5,762$5,431$5,120$4,826$4,082
7 years$5,187$4,839$4,514$4,209$3,925$3,216
8 years$4,493$4,148$3,828$3,531$3,256$2,582
9 years$3,953$3,612$3,297$3,008$2,742$2,103
10 years$3,522$3,183$2,874$2,593$2,337$1,731
11 years$3,169$2,834$2,531$2,256$2,010$1,437
12 years$2,875$2,544$2,246$1,979$1,741$1,201
13 years$2,627$2,299$2,006$1,747$1,519$1,009
14 years$2,414$2,089$1,803$1,551$1,331$852
15 years$2,230$1,909$1,628$1,383$1,172$722
16 years$2,069$1,751$1,476$1,239$1,036$613
17 years$1,927$1,613$1,343$1,113$918$522
18 years$1,801$1,490$1,226$1,003$817$446
19 years$1,688$1,381$1,122$906$728$381
20 years$1,587$1,284$1,030$821$650$327
21 years$1,496$1,196$947$745$582$280
22 years$1,413$1,116$873$677$522$241
23 years$1,337$1,044$806$617$468$207
24 years$1,268$978$746$563$421$178
25 years$1,204$918$691$514$379$153
26 years$1,145$863$640$470$341$132
27 years$1,091$812$595$430$308$114
28 years$1,041$765$553$394$277$98
29 years$994$722$514$361$251$84
30 years$951$681$479$332$226$73
31 years$910$644$447$304$205$63
32 years$872$610$417$280$185$54
33 years$836$577$389$257$168$47
34 years$803$547$364$237$152$40
35 years$771$519$340$218$137$35
36 years$742$493$318$201$124$30
37 years$714$468$298$185$113$26
38 years$687$445$279$170$102$22
39 years$662$423$261$157$93$19
40 years$638$402$245$145$84$17
41 years$616$383$230$134$76$14
42 years$595$365$215$123$69$13
43 years$574$347$202$114$63$11
44 years$555$331$190$105$57$9
45 years$536$316$178$97$52$8
46 years$519$301$167$90$47$7
47 years$502$287$157$83$43$6
48 years$486$274$148$77$39$5
49 years$471$262$139$71$35$5
50 years$456$250$130$65$32$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $467,000, adding $5,964 every year, while hoping to spend $21,988 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: 48/24/28 Blend
54$467,000$467,000$467,000$467,000
55$520,786$496,035$488,796$541,373
56$550,511$496,946$481,776$557,366
57$582,531$497,164$473,783$572,097
58$617,057$496,633$464,763$587,669
59$654,321$495,291$454,656$604,172
60$694,576$493,076$443,402$621,708
61$738,104$489,917$430,937$640,388
62$785,210$485,743$417,193$660,338
63$836,234$480,477$402,102$681,697
64$891,547$474,037$385,589$704,620
65$951,557$466,337$367,579$729,279
66$1,016,714$457,286$347,991$755,865
67$1,087,512$446,786$326,741$784,592
68$1,164,495$434,735$303,744$815,697
69$1,248,261$421,025$278,907$849,442
70$1,339,468$405,539$252,135$886,118
71$1,438,840$388,158$223,328$926,050
72$1,547,176$368,751$192,383$969,596
73$1,665,350$347,182$159,191$1,017,156
74$1,794,331$323,309$123,638$1,069,170
75$1,935,179$296,977$85,606$1,126,128
76$2,089,065$268,027$44,972$1,188,574
77$2,257,277$236,288$1,606$1,257,108
78$2,441,234$201,581$0$1,332,396
79$2,642,496$163,715$0$1,428,522
80$2,862,783$122,489$0$1,534,336
81$3,103,988$77,692$0$1,650,306
82$3,368,196$29,100$0$1,777,477
83$3,657,702$0$0$1,917,003
84$3,975,035$0$0$2,076,373
85$4,322,980$0$0$2,259,595
86$4,704,604$0$0$2,460,605
87$5,123,285$0$0$2,681,191
88$5,582,744$0$0$2,923,318
89$6,087,080$0$0$3,189,155
90$6,640,807$0$0$3,481,089
91$7,248,899$0$0$3,801,749
92$7,916,834$0$0$4,154,032
93$8,650,649$0$0$4,541,130
94$9,456,990$0$0$4,966,559
95$10,343,183$0$0$5,434,192
96$11,317,298$0$0$5,948,296
97$12,388,225$0$0$6,513,573
98$13,565,758$0$0$7,135,203
99$14,860,688$0$0$7,818,892
100$16,284,905$0$0$8,570,928