Can I retire at age 55 with 480,000?

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 $480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$39,638$39,285$38,940$38,604$38,276$36,977
2 years$19,623$19,257$18,903$18,560$18,227$16,931
3 years$12,952$12,585$12,232$11,891$11,564$10,312
4 years$9,617$9,251$8,901$8,567$8,247$7,049
5 years$7,617$7,253$6,908$6,580$6,269$5,128
6 years$6,284$5,923$5,583$5,262$4,961$3,877
7 years$5,332$4,974$4,639$4,326$4,034$3,008
8 years$4,618$4,264$3,934$3,629$3,347$2,377
9 years$4,064$3,712$3,389$3,091$2,819$1,904
10 years$3,620$3,272$2,954$2,665$2,402$1,541
11 years$3,257$2,913$2,601$2,319$2,065$1,258
12 years$2,955$2,614$2,308$2,034$1,790$1,032
13 years$2,700$2,363$2,062$1,796$1,561$852
14 years$2,481$2,148$1,853$1,594$1,368$706
15 years$2,292$1,962$1,673$1,422$1,205$587
16 years$2,127$1,800$1,517$1,273$1,065$489
17 years$1,981$1,658$1,380$1,144$944$408
18 years$1,851$1,532$1,260$1,031$839$342
19 years$1,735$1,420$1,153$931$748$286
20 years$1,631$1,319$1,059$844$668$240
21 years$1,537$1,229$974$766$598$202
22 years$1,452$1,147$897$696$536$170
23 years$1,374$1,073$829$634$481$143
24 years$1,303$1,005$766$578$433$120
25 years$1,238$943$710$528$389$101
26 years$1,177$887$658$483$351$85
27 years$1,121$834$611$442$316$72
28 years$1,070$786$568$405$285$61
29 years$1,022$742$529$371$258$51
30 years$977$700$493$341$233$43
31 years$935$662$459$313$210$36
32 years$896$627$428$288$190$31
33 years$860$593$400$265$172$26
34 years$825$562$374$243$156$22
35 years$793$533$349$224$141$18
36 years$762$506$327$206$128$16
37 years$734$481$306$190$116$13
38 years$706$457$287$175$105$11
39 years$681$435$268$162$95$9
40 years$656$413$252$149$86$8
41 years$633$394$236$137$78$7
42 years$611$375$221$127$71$6
43 years$590$357$208$117$65$5
44 years$570$340$195$108$59$4
45 years$551$325$183$100$53$3
46 years$533$310$172$92$48$3
47 years$516$295$162$85$44$2
48 years$500$282$152$79$40$2
49 years$484$269$143$73$36$2
50 years$469$257$134$67$33$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $480,000, adding $5,911 every year, while hoping to spend $29,122 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: 63/32/5 Blend
54$480,000$480,000$480,000$480,000
55$535,057$509,617$502,177$567,989
56$558,647$503,603$488,015$584,643
57$583,668$496,318$472,401$598,841
58$610,234$487,669$455,258$613,578
59$638,470$477,558$436,503$628,903
60$668,516$465,880$416,047$644,873
61$700,522$452,525$393,802$661,551
62$734,652$437,376$369,671$679,007
63$771,088$420,309$343,557$697,320
64$810,028$401,193$315,355$716,579
65$851,689$379,889$284,957$736,883
66$896,308$356,251$252,251$758,341
67$944,148$330,124$217,118$781,077
68$995,495$301,344$179,435$805,229
69$1,050,663$269,737$139,073$830,950
70$1,109,998$235,121$95,899$858,412
71$1,173,878$197,302$49,772$887,806
72$1,242,719$156,076$545$919,344
73$1,316,979$111,226$0$953,263
74$1,397,160$62,525$0$992,602
75$1,483,814$9,732$0$1,035,092
76$1,577,547$0$0$1,081,039
77$1,679,026$0$0$1,147,510
78$1,788,983$0$0$1,223,277
79$1,908,225$0$0$1,305,471
80$2,037,638$0$0$1,394,709
81$2,178,197$0$0$1,491,664
82$2,330,973$0$0$1,597,083
83$2,497,146$0$0$1,711,782
84$2,678,014$0$0$1,836,661
85$2,875,004$0$0$1,972,713
86$3,089,688$0$0$2,121,026
87$3,323,795$0$0$2,282,800
88$3,579,228$0$0$2,459,357
89$3,858,082$0$0$2,652,149
90$4,162,663$0$0$2,862,777
91$4,495,509$0$0$3,093,002
92$4,859,416$0$0$3,344,765
93$5,257,461$0$0$3,620,200
94$5,693,031$0$0$3,921,658
95$6,169,857$0$0$4,251,730
96$6,692,048$0$0$4,613,266
97$7,264,128$0$0$5,009,406
98$7,891,079$0$0$5,443,609
99$8,578,388$0$0$5,919,682
100$9,332,099$0$0$6,441,821