Can I retire at age 55 with 479,000?

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 $479,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$39,555$39,203$38,859$38,524$38,196$38,019
2 years$19,582$19,217$18,864$18,521$18,189$18,010
3 years$12,925$12,559$12,206$11,867$11,540$11,365
4 years$9,597$9,232$8,883$8,549$8,230$8,061
5 years$7,601$7,238$6,893$6,567$6,256$6,093
6 years$6,271$5,910$5,571$5,251$4,951$4,793
7 years$5,321$4,963$4,630$4,317$4,026$3,874
8 years$4,609$4,255$3,926$3,622$3,340$3,194
9 years$4,055$3,704$3,382$3,085$2,813$2,673
10 years$3,612$3,265$2,948$2,659$2,397$2,263
11 years$3,251$2,907$2,596$2,314$2,061$1,933
12 years$2,949$2,609$2,303$2,030$1,786$1,664
13 years$2,694$2,358$2,058$1,792$1,558$1,441
14 years$2,476$2,143$1,849$1,591$1,365$1,254
15 years$2,287$1,958$1,670$1,419$1,202$1,096
16 years$2,122$1,796$1,514$1,270$1,062$962
17 years$1,977$1,654$1,377$1,141$942$846
18 years$1,847$1,529$1,257$1,029$838$747
19 years$1,732$1,417$1,151$929$747$661
20 years$1,628$1,317$1,056$842$667$585
21 years$1,534$1,226$972$764$597$520
22 years$1,449$1,145$896$695$535$462
23 years$1,371$1,071$827$633$480$411
24 years$1,300$1,003$765$577$432$367
25 years$1,235$941$708$527$388$327
26 years$1,175$885$657$482$350$292
27 years$1,119$833$610$441$315$261
28 years$1,068$785$567$404$285$234
29 years$1,020$740$528$371$257$209
30 years$975$699$492$340$232$187
31 years$933$661$458$312$210$168
32 years$894$625$428$287$190$151
33 years$858$592$399$264$172$135
34 years$823$561$373$243$156$121
35 years$791$532$349$224$141$109
36 years$761$505$326$206$128$98
37 years$732$480$305$190$116$88
38 years$705$456$286$175$105$79
39 years$679$434$268$161$95$71
40 years$655$413$251$149$86$64
41 years$632$393$235$137$78$57
42 years$610$374$221$127$71$51
43 years$589$356$207$117$64$46
44 years$569$340$195$108$59$42
45 years$550$324$183$100$53$37
46 years$532$309$172$92$48$34
47 years$515$295$161$85$44$30
48 years$498$282$151$79$40$27
49 years$483$269$142$73$36$24
50 years$468$257$134$67$33$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $479,000, adding $4,296 every year, while hoping to spend $31,878 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: 49/29/22 Blend
54$479,000$479,000$479,000$479,000
55$532,289$506,902$499,478$554,880
56$552,665$497,823$482,292$561,957
57$574,050$487,230$463,463$566,077
58$596,515$475,015$442,900$569,895
59$620,134$461,066$420,512$573,397
60$644,990$445,260$396,202$576,567
61$671,172$427,471$369,867$579,391
62$698,776$407,562$341,403$581,858
63$727,910$385,390$310,698$583,955
64$758,687$360,805$277,637$585,673
65$791,235$333,646$242,099$587,004
66$825,690$303,744$203,958$587,941
67$862,202$270,919$163,083$588,482
68$900,936$234,983$119,335$588,626
69$942,070$195,737$72,572$588,377
70$985,801$152,968$22,643$587,743
71$1,032,344$106,454$0$586,735
72$1,081,933$55,960$0$592,565
73$1,134,824$1,236$0$604,205
74$1,191,301$0$0$616,405
75$1,251,671$0$0$647,750
76$1,316,272$0$0$681,748
77$1,385,477$0$0$718,203
78$1,459,691$0$0$757,334
79$1,539,361$0$0$799,382
80$1,624,977$0$0$844,610
81$1,717,076$0$0$893,307
82$1,816,250$0$0$945,792
83$1,923,147$0$0$1,002,413
84$2,038,479$0$0$1,063,555
85$2,163,028$0$0$1,129,638
86$2,297,656$0$0$1,201,126
87$2,443,306$0$0$1,278,528
88$2,601,018$0$0$1,362,404
89$2,771,935$0$0$1,453,369
90$2,957,311$0$0$1,552,101
91$3,158,530$0$0$1,659,344
92$3,377,109$0$0$1,775,917
93$3,614,720$0$0$1,902,721
94$3,873,201$0$0$2,040,748
95$4,154,576$0$0$2,191,087
96$4,461,069$0$0$2,354,940
97$4,795,131$0$0$2,533,627
98$5,159,456$0$0$2,728,603
99$5,557,013$0$0$2,941,467
100$5,991,065$0$0$3,173,982