Can I retire at age 55 with 475,000?

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 $475,000?

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$39,225$38,876$38,535$38,202$37,877$36,992
2 years$19,418$19,057$18,706$18,366$18,037$17,150
3 years$12,817$12,454$12,104$11,768$11,443$10,582
4 years$9,517$9,155$8,809$8,478$8,161$7,333
5 years$7,537$7,178$6,836$6,512$6,204$5,411
6 years$6,218$5,861$5,524$5,208$4,909$4,152
7 years$5,276$4,922$4,591$4,281$3,992$3,271
8 years$4,570$4,219$3,893$3,592$3,312$2,626
9 years$4,021$3,673$3,353$3,059$2,789$2,139
10 years$3,582$3,238$2,924$2,637$2,377$1,761
11 years$3,223$2,883$2,574$2,295$2,044$1,462
12 years$2,925$2,587$2,284$2,013$1,771$1,222
13 years$2,672$2,338$2,041$1,777$1,545$1,026
14 years$2,456$2,125$1,834$1,578$1,354$866
15 years$2,268$1,941$1,656$1,407$1,192$734
16 years$2,104$1,781$1,501$1,260$1,054$624
17 years$1,960$1,640$1,366$1,132$934$531
18 years$1,832$1,516$1,247$1,020$831$454
19 years$1,717$1,405$1,141$922$740$388
20 years$1,614$1,306$1,048$835$661$332
21 years$1,521$1,216$964$758$592$285
22 years$1,437$1,135$888$689$530$245
23 years$1,360$1,062$820$627$476$210
24 years$1,289$995$758$572$428$181
25 years$1,225$933$702$523$385$156
26 years$1,165$877$651$478$347$134
27 years$1,110$826$605$437$313$115
28 years$1,059$778$562$401$282$100
29 years$1,011$734$523$367$255$86
30 years$967$693$487$337$230$74
31 years$926$655$454$310$208$64
32 years$887$620$424$285$188$55
33 years$851$587$396$262$170$48
34 years$817$556$370$241$154$41
35 years$785$528$346$222$140$35
36 years$754$501$323$204$127$31
37 years$726$476$303$188$115$26
38 years$699$452$284$173$104$23
39 years$674$430$266$160$94$20
40 years$649$409$249$147$86$17
41 years$626$389$233$136$78$15
42 years$605$371$219$126$70$13
43 years$584$353$206$116$64$11
44 years$564$337$193$107$58$10
45 years$546$321$181$99$53$8
46 years$528$306$170$91$48$7
47 years$511$292$160$84$43$6
48 years$494$279$150$78$39$5
49 years$479$267$141$72$36$5
50 years$464$255$133$67$33$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $475,000, adding $5,348 every year, while hoping to spend $34,324 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: 37/48/15 Blend
54$475,000$475,000$475,000$475,000
55$528,966$503,791$496,429$545,943
56$546,401$491,957$476,539$546,796
57$564,463$478,392$454,832$544,041
58$583,180$462,975$431,211$540,328
59$602,583$445,580$405,576$535,587
60$622,703$426,069$377,818$529,747
61$643,572$404,300$347,829$522,732
62$665,226$380,121$315,491$514,463
63$687,704$353,371$280,685$504,855
64$711,045$323,882$243,283$493,820
65$735,292$291,473$203,154$481,265
66$760,492$255,955$160,159$467,091
67$786,694$217,128$114,156$451,197
68$813,950$174,781$64,994$433,474
69$842,317$128,689$12,515$413,807
70$871,856$78,618$0$392,078
71$902,632$24,317$0$375,123
72$934,715$0$0$358,438
73$968,181$0$0$358,120
74$1,003,112$0$0$371,209
75$1,039,595$0$0$384,894
76$1,077,726$0$0$399,213
77$1,117,607$0$0$414,207
78$1,159,349$0$0$429,920
79$1,203,073$0$0$446,400
80$1,248,909$0$0$463,699
81$1,296,999$0$0$481,873
82$1,347,496$0$0$500,983
83$1,400,568$0$0$521,096
84$1,456,394$0$0$542,285
85$1,515,174$0$0$564,628
86$1,577,121$0$0$588,212
87$1,642,470$0$0$613,130
88$1,711,476$0$0$639,484
89$1,784,417$0$0$667,387
90$1,861,596$0$0$696,960
91$1,943,345$0$0$728,337
92$2,030,027$0$0$761,663
93$2,122,037$0$0$797,098
94$2,219,807$0$0$834,817
95$2,323,812$0$0$875,009
96$2,434,570$0$0$917,886
97$2,552,646$0$0$963,675
98$2,678,664$0$0$1,012,627
99$2,813,304$0$0$1,065,019
100$2,957,312$0$0$1,121,151