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%14.8%
1 years$39,638$39,285$38,940$38,604$38,276$37,518
2 years$19,623$19,257$18,903$18,560$18,227$17,467
3 years$12,952$12,585$12,232$11,891$11,564$10,825
4 years$9,617$9,251$8,901$8,567$8,247$7,536
5 years$7,617$7,253$6,908$6,580$6,269$5,587
6 years$6,284$5,923$5,583$5,262$4,961$4,308
7 years$5,332$4,974$4,639$4,326$4,034$3,411
8 years$4,618$4,264$3,934$3,629$3,347$2,753
9 years$4,064$3,712$3,389$3,091$2,819$2,254
10 years$3,620$3,272$2,954$2,665$2,402$1,866
11 years$3,257$2,913$2,601$2,319$2,065$1,558
12 years$2,955$2,614$2,308$2,034$1,790$1,310
13 years$2,700$2,363$2,062$1,796$1,561$1,107
14 years$2,481$2,148$1,853$1,594$1,368$940
15 years$2,292$1,962$1,673$1,422$1,205$802
16 years$2,127$1,800$1,517$1,273$1,065$685
17 years$1,981$1,658$1,380$1,144$944$588
18 years$1,851$1,532$1,260$1,031$839$505
19 years$1,735$1,420$1,153$931$748$435
20 years$1,631$1,319$1,059$844$668$375
21 years$1,537$1,229$974$766$598$324
22 years$1,452$1,147$897$696$536$280
23 years$1,374$1,073$829$634$481$242
24 years$1,303$1,005$766$578$433$210
25 years$1,238$943$710$528$389$182
26 years$1,177$887$658$483$351$158
27 years$1,121$834$611$442$316$137
28 years$1,070$786$568$405$285$119
29 years$1,022$742$529$371$258$103
30 years$977$700$493$341$233$90
31 years$935$662$459$313$210$78
32 years$896$627$428$288$190$68
33 years$860$593$400$265$172$59
34 years$825$562$374$243$156$51
35 years$793$533$349$224$141$45
36 years$762$506$327$206$128$39
37 years$734$481$306$190$116$34
38 years$706$457$287$175$105$29
39 years$681$435$268$162$95$26
40 years$656$413$252$149$86$22
41 years$633$394$236$137$78$19
42 years$611$375$221$127$71$17
43 years$590$357$208$117$65$15
44 years$570$340$195$108$59$13
45 years$551$325$183$100$53$11
46 years$533$310$172$92$48$10
47 years$516$295$162$85$44$8
48 years$500$282$152$79$40$7
49 years$484$269$143$73$36$6
50 years$469$257$134$67$33$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $480,000, adding $5,955 every year, while hoping to spend $34,922 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: 75/18/7 Blend
54$480,000$480,000$480,000$480,000
55$535,103$509,663$502,223$574,292
56$552,526$497,479$481,890$588,717
57$570,557$483,529$459,706$599,482
58$589,219$467,687$435,572$610,276
59$608,540$449,824$409,384$621,086
60$628,546$429,801$381,034$631,902
61$649,269$407,472$350,409$642,713
62$670,738$382,682$317,392$653,508
63$692,987$355,267$281,858$664,274
64$716,052$325,055$243,680$674,997
65$739,969$291,862$202,723$685,666
66$764,778$255,496$158,847$696,265
67$790,522$215,752$111,905$706,782
68$817,245$172,414$61,744$717,201
69$844,996$125,254$8,204$727,508
70$873,826$74,032$0$737,688
71$903,789$18,493$0$751,380
72$934,946$0$0$765,807
73$967,357$0$0$788,599
74$1,001,092$0$0$816,136
75$1,036,222$0$0$844,817
76$1,072,826$0$0$874,703
77$1,110,987$0$0$905,866
78$1,150,795$0$0$938,378
79$1,192,348$0$0$972,319
80$1,235,751$0$0$1,007,778
81$1,281,117$0$0$1,044,845
82$1,328,569$0$0$1,083,623
83$1,378,240$0$0$1,124,221
84$1,430,273$0$0$1,166,757
85$1,484,824$0$0$1,211,360
86$1,542,062$0$0$1,258,168
87$1,602,171$0$0$1,307,333
88$1,665,349$0$0$1,359,019
89$1,731,815$0$0$1,413,405
90$1,801,802$0$0$1,470,685
91$1,875,569$0$0$1,531,070
92$1,953,394$0$0$1,594,791
93$2,035,583$0$0$1,662,100
94$2,122,468$0$0$1,733,270
95$2,214,411$0$0$1,808,602
96$2,311,809$0$0$1,888,421
97$2,415,096$0$0$1,973,085
98$2,524,743$0$0$2,062,984
99$2,641,268$0$0$2,158,545
100$2,765,237$0$0$2,260,235