Can I retire at age 55 with 474,000?

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 $474,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$39,142$38,794$38,454$38,122$37,797$37,341
2 years$19,377$19,017$18,667$18,328$17,999$17,539
3 years$12,790$12,428$12,079$11,743$11,419$10,971
4 years$9,497$9,136$8,790$8,460$8,144$7,711
5 years$7,522$7,162$6,822$6,498$6,191$5,774
6 years$6,205$5,849$5,513$5,197$4,899$4,498
7 years$5,265$4,912$4,581$4,272$3,984$3,600
8 years$4,560$4,210$3,885$3,584$3,305$2,938
9 years$4,013$3,666$3,346$3,053$2,783$2,433
10 years$3,575$3,231$2,917$2,632$2,372$2,037
11 years$3,217$2,877$2,568$2,290$2,040$1,721
12 years$2,918$2,582$2,279$2,009$1,768$1,465
13 years$2,666$2,333$2,037$1,773$1,541$1,254
14 years$2,450$2,121$1,830$1,574$1,351$1,078
15 years$2,263$1,937$1,652$1,404$1,190$931
16 years$2,100$1,778$1,498$1,257$1,051$807
17 years$1,956$1,637$1,363$1,130$932$701
18 years$1,828$1,513$1,244$1,018$829$611
19 years$1,714$1,402$1,139$920$739$534
20 years$1,611$1,303$1,045$833$660$467
21 years$1,518$1,213$962$756$591$409
22 years$1,434$1,133$886$687$529$359
23 years$1,357$1,059$818$626$475$315
24 years$1,287$993$757$571$427$277
25 years$1,222$932$701$521$384$244
26 years$1,163$875$650$477$346$215
27 years$1,107$824$604$436$312$189
28 years$1,056$776$561$400$282$167
29 years$1,009$732$522$367$254$147
30 years$965$692$486$337$230$130
31 years$924$654$453$309$208$115
32 years$885$619$423$284$188$101
33 years$849$586$395$261$170$90
34 years$815$555$369$240$154$79
35 years$783$527$345$221$139$70
36 years$753$500$323$204$126$62
37 years$724$475$302$188$115$55
38 years$698$451$283$173$104$48
39 years$672$429$265$160$94$43
40 years$648$408$248$147$85$38
41 years$625$389$233$136$77$34
42 years$603$370$219$125$70$30
43 years$583$353$205$116$64$26
44 years$563$336$193$107$58$23
45 years$544$321$181$99$53$21
46 years$527$306$170$91$48$18
47 years$510$292$159$84$43$16
48 years$493$279$150$78$39$14
49 years$478$266$141$72$36$13
50 years$463$254$132$66$32$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $474,000, adding $3,020 every year, while hoping to spend $21,015 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: 24/48/28 Blend
54$474,000$474,000$474,000$474,000
55$525,463$500,341$492,994$533,390
56$556,701$502,498$487,150$542,508
57$590,420$504,056$480,405$550,300
58$626,852$504,964$472,708$558,207
59$666,251$505,168$464,004$566,254
60$708,895$504,608$454,235$574,468
61$755,092$503,223$443,341$582,882
62$805,179$500,948$431,260$591,535
63$859,526$497,713$417,926$600,470
64$918,541$493,445$403,270$609,738
65$982,673$488,065$387,221$619,398
66$1,052,416$481,490$369,702$629,516
67$1,128,311$473,632$350,637$640,171
68$1,210,958$464,399$329,942$651,448
69$1,301,012$453,691$307,531$663,448
70$1,399,198$441,404$283,316$676,283
71$1,506,312$427,429$257,203$690,081
72$1,623,229$411,646$229,093$704,986
73$1,750,916$393,934$198,885$721,163
74$1,890,433$374,160$166,471$738,795
75$2,042,950$352,187$131,740$758,088
76$2,209,754$327,867$94,577$779,278
77$2,392,262$301,046$54,859$802,624
78$2,592,035$271,560$12,459$828,421
79$2,810,792$239,235$0$856,998
80$3,050,424$203,889$0$898,519
81$3,313,016$165,329$0$948,209
82$3,600,864$123,350$0$1,002,847
83$3,916,494$77,736$0$1,062,991
84$4,262,691$28,260$0$1,129,264
85$4,642,522$0$0$1,202,354
86$5,059,364$0$0$1,296,400
87$5,516,938$0$0$1,416,106
88$6,019,343$0$0$1,547,627
89$6,571,093$0$0$1,692,156
90$7,177,161$0$0$1,851,007
91$7,843,026$0$0$2,025,628
92$8,574,724$0$0$2,217,614
93$9,378,904$0$0$2,428,721
94$10,262,892$0$0$2,660,886
95$11,234,758$0$0$2,916,242
96$12,303,393$0$0$3,197,138
97$13,478,593$0$0$3,506,164
98$14,771,152$0$0$3,846,172
99$16,192,961$0$0$4,220,307
100$17,757,122$0$0$4,632,030