Can I retire at age 55 with 471,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $471,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$38,895$38,548$38,210$37,880$37,558$37,244
2 years$19,255$18,896$18,549$18,212$17,885$17,568
3 years$12,709$12,349$12,002$11,668$11,347$11,037
4 years$9,437$9,078$8,735$8,406$8,093$7,793
5 years$7,474$7,117$6,778$6,457$6,152$5,862
6 years$6,166$5,812$5,478$5,164$4,868$4,589
7 years$5,232$4,881$4,552$4,245$3,959$3,691
8 years$4,532$4,184$3,861$3,561$3,284$3,028
9 years$3,987$3,643$3,325$3,033$2,766$2,521
10 years$3,552$3,211$2,899$2,615$2,357$2,122
11 years$3,196$2,858$2,552$2,276$2,027$1,803
12 years$2,900$2,565$2,265$1,996$1,756$1,543
13 years$2,649$2,318$2,024$1,762$1,532$1,329
14 years$2,435$2,107$1,818$1,564$1,343$1,150
15 years$2,249$1,925$1,642$1,395$1,182$999
16 years$2,087$1,766$1,488$1,249$1,045$871
17 years$1,944$1,627$1,354$1,122$926$762
18 years$1,816$1,503$1,236$1,011$824$668
19 years$1,703$1,393$1,132$914$734$587
20 years$1,601$1,295$1,039$828$656$517
21 years$1,509$1,206$955$751$587$456
22 years$1,425$1,126$881$683$526$403
23 years$1,348$1,053$813$622$472$356
24 years$1,279$986$752$567$424$315
25 years$1,214$926$696$518$382$279
26 years$1,155$870$646$474$344$248
27 years$1,100$819$600$434$310$220
28 years$1,050$771$558$397$280$195
29 years$1,003$728$519$364$253$174
30 years$959$687$483$334$228$154
31 years$918$650$451$307$206$137
32 years$879$615$420$282$187$122
33 years$843$582$393$260$169$109
34 years$810$552$367$239$153$97
35 years$778$523$343$220$139$86
36 years$748$497$321$202$126$77
37 years$720$472$300$187$114$69
38 years$693$448$281$172$103$61
39 years$668$426$263$159$94$54
40 years$644$406$247$146$85$49
41 years$621$386$232$135$77$43
42 years$600$368$217$125$70$39
43 years$579$350$204$115$63$34
44 years$560$334$191$106$58$31
45 years$541$319$180$98$52$27
46 years$523$304$169$91$47$24
47 years$506$290$158$84$43$22
48 years$490$277$149$77$39$19
49 years$475$264$140$71$36$17
50 years$460$252$132$66$32$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $471,000, adding $6,499 every year, while hoping to spend $21,455 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: 65/19/16 Blend
54$471,000$471,000$471,000$471,000
55$525,746$500,783$493,482$557,462
56$556,544$502,493$487,186$581,214
57$589,764$503,568$479,960$604,087
58$625,631$503,954$471,749$628,558
59$664,392$503,594$462,499$654,783
60$706,317$502,427$452,150$682,934
61$751,704$500,389$440,640$713,201
62$800,881$497,411$427,904$745,795
63$854,208$493,422$413,876$780,948
64$912,081$488,343$398,485$818,917
65$974,935$482,094$381,656$859,986
66$1,043,250$474,588$363,313$904,468
67$1,117,552$465,733$343,375$952,708
68$1,198,422$455,434$321,757$1,005,090
69$1,286,497$443,586$298,372$1,062,034
70$1,382,480$430,082$273,128$1,124,008
71$1,487,143$414,806$245,927$1,191,525
72$1,601,336$397,636$216,671$1,265,155
73$1,725,996$378,444$185,253$1,345,524
74$1,862,154$357,093$151,565$1,433,326
75$2,010,942$333,440$115,491$1,529,325
76$2,173,611$307,331$76,912$1,634,367
77$2,351,534$278,605$35,704$1,749,382
78$2,546,227$247,093$0$1,875,401
79$2,759,356$212,614$0$2,014,971
80$2,992,756$174,979$0$2,174,531
81$3,248,450$133,985$0$2,349,386
82$3,528,663$89,421$0$2,541,089
83$3,835,847$41,063$0$2,751,351
84$4,172,702$0$0$2,982,059
85$4,542,204$0$0$3,237,661
86$4,947,626$0$0$3,527,564
87$5,392,579$0$0$3,845,766
88$5,881,036$0$0$4,195,114
89$6,417,375$0$0$4,578,744
90$7,006,421$0$0$5,000,109
91$7,653,484$0$0$5,463,015
92$8,364,419$0$0$5,971,654
93$9,145,674$0$0$6,530,643
94$10,004,350$0$0$7,145,071
95$10,948,276$0$0$7,820,541
96$11,986,071$0$0$8,563,230
97$13,127,235$0$0$9,379,941
98$14,382,233$0$0$10,278,168
99$15,762,596$0$0$11,266,172
100$17,281,026$0$0$12,353,050