Can I retire at age 55 with 474,000?

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 $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%11.3%
1 years$39,142$38,794$38,454$38,122$37,797$37,591
2 years$19,377$19,017$18,667$18,328$17,999$17,790
3 years$12,790$12,428$12,079$11,743$11,419$11,215
4 years$9,497$9,136$8,790$8,460$8,144$7,946
5 years$7,522$7,162$6,822$6,498$6,191$6,000
6 years$6,205$5,849$5,513$5,197$4,899$4,715
7 years$5,265$4,912$4,581$4,272$3,984$3,807
8 years$4,560$4,210$3,885$3,584$3,305$3,135
9 years$4,013$3,666$3,346$3,053$2,783$2,621
10 years$3,575$3,231$2,917$2,632$2,372$2,216
11 years$3,217$2,877$2,568$2,290$2,040$1,891
12 years$2,918$2,582$2,279$2,009$1,768$1,625
13 years$2,666$2,333$2,037$1,773$1,541$1,406
14 years$2,450$2,121$1,830$1,574$1,351$1,222
15 years$2,263$1,937$1,652$1,404$1,190$1,067
16 years$2,100$1,778$1,498$1,257$1,051$935
17 years$1,956$1,637$1,363$1,130$932$821
18 years$1,828$1,513$1,244$1,018$829$724
19 years$1,714$1,402$1,139$920$739$639
20 years$1,611$1,303$1,045$833$660$566
21 years$1,518$1,213$962$756$591$501
22 years$1,434$1,133$886$687$529$445
23 years$1,357$1,059$818$626$475$396
24 years$1,287$993$757$571$427$352
25 years$1,222$932$701$521$384$314
26 years$1,163$875$650$477$346$280
27 years$1,107$824$604$436$312$250
28 years$1,056$776$561$400$282$223
29 years$1,009$732$522$367$254$199
30 years$965$692$486$337$230$178
31 years$924$654$453$309$208$160
32 years$885$619$423$284$188$143
33 years$849$586$395$261$170$128
34 years$815$555$369$240$154$115
35 years$783$527$345$221$139$103
36 years$753$500$323$204$126$92
37 years$724$475$302$188$115$82
38 years$698$451$283$173$104$74
39 years$672$429$265$160$94$66
40 years$648$408$248$147$85$59
41 years$625$389$233$136$77$53
42 years$603$370$219$125$70$48
43 years$583$353$205$116$64$43
44 years$563$336$193$107$58$39
45 years$544$321$181$99$53$35
46 years$527$306$170$91$48$31
47 years$510$292$159$84$43$28
48 years$493$279$150$78$39$25
49 years$478$266$141$72$36$23
50 years$463$254$132$66$32$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $474,000, adding $4,555 every year, while hoping to spend $35,786 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: 59/23/18 Blend
54$474,000$474,000$474,000$474,000
55$527,046$501,924$494,577$555,417
56$542,729$488,443$473,070$561,674
57$558,812$473,101$449,642$564,164
58$575,298$455,770$424,193$566,063
59$592,190$436,314$396,614$567,320
60$609,488$414,589$366,796$567,880
61$627,193$390,441$334,621$567,685
62$645,304$363,709$299,967$566,672
63$663,816$334,222$262,708$564,775
64$682,727$301,801$222,710$561,923
65$702,030$266,254$179,835$558,039
66$721,716$227,379$133,939$553,044
67$741,774$184,964$84,869$546,851
68$762,191$138,783$32,468$539,366
69$782,951$88,600$0$530,493
70$804,033$34,162$0$524,628
71$825,414$0$0$524,104
72$847,066$0$0$528,868
73$868,957$0$0$542,412
74$891,048$0$0$556,064
75$913,297$0$0$569,796
76$935,653$0$0$583,575
77$958,059$0$0$597,363
78$980,449$0$0$611,116
79$1,002,751$0$0$624,786
80$1,024,880$0$0$638,318
81$1,046,741$0$0$651,648
82$1,068,228$0$0$664,707
83$1,089,220$0$0$677,416
84$1,109,582$0$0$689,686
85$1,129,163$0$0$701,417
86$1,147,793$0$0$712,499
87$1,165,282$0$0$722,806
88$1,181,418$0$0$732,200
89$1,195,964$0$0$740,525
90$1,208,656$0$0$747,610
91$1,219,199$0$0$753,261
92$1,227,267$0$0$757,264
93$1,232,495$0$0$759,381
94$1,234,477$0$0$759,348
95$1,232,764$0$0$756,871
96$1,226,856$0$0$751,624
97$1,216,199$0$0$743,244
98$1,200,176$0$0$731,330
99$1,178,107$0$0$715,437
100$1,149,236$0$0$695,074