Can I retire at age 55 with 481,000?

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 $481,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$39,721$39,367$39,022$38,685$38,356$37,939
2 years$19,664$19,297$18,942$18,598$18,265$17,845
3 years$12,979$12,611$12,257$11,916$11,588$11,179
4 years$9,637$9,270$8,920$8,585$8,265$7,869
5 years$7,633$7,268$6,922$6,594$6,283$5,901
6 years$6,297$5,935$5,594$5,273$4,971$4,605
7 years$5,343$4,984$4,649$4,335$4,043$3,692
8 years$4,628$4,272$3,943$3,637$3,354$3,018
9 years$4,072$3,720$3,396$3,098$2,825$2,503
10 years$3,628$3,279$2,960$2,670$2,407$2,100
11 years$3,264$2,919$2,606$2,324$2,070$1,778
12 years$2,962$2,620$2,313$2,038$1,794$1,516
13 years$2,706$2,368$2,067$1,800$1,564$1,300
14 years$2,487$2,152$1,857$1,598$1,371$1,120
15 years$2,297$1,966$1,676$1,425$1,207$970
16 years$2,131$1,804$1,520$1,276$1,067$842
17 years$1,985$1,661$1,383$1,146$946$733
18 years$1,855$1,535$1,263$1,033$841$640
19 years$1,739$1,423$1,156$933$750$560
20 years$1,635$1,322$1,061$845$670$491
21 years$1,541$1,231$976$767$599$431
22 years$1,455$1,149$899$698$537$379
23 years$1,377$1,075$830$635$482$334
24 years$1,306$1,007$768$579$433$294
25 years$1,240$945$711$529$390$259
26 years$1,180$888$660$484$351$229
27 years$1,124$836$613$443$317$202
28 years$1,072$788$569$406$286$179
29 years$1,024$743$530$372$258$158
30 years$979$702$494$341$233$140
31 years$937$664$460$314$211$124
32 years$898$628$429$288$191$110
33 years$861$595$401$265$173$97
34 years$827$564$375$244$156$86
35 years$794$534$350$224$142$76
36 years$764$507$328$207$128$68
37 years$735$482$307$190$116$60
38 years$708$458$287$176$105$53
39 years$682$435$269$162$96$47
40 years$658$414$252$149$87$42
41 years$634$394$236$138$79$37
42 years$612$376$222$127$71$33
43 years$591$358$208$117$65$29
44 years$571$341$195$108$59$26
45 years$552$325$183$100$53$23
46 years$534$310$172$92$48$20
47 years$517$296$162$85$44$18
48 years$501$283$152$79$40$16
49 years$485$270$143$73$36$14
50 years$470$258$134$67$33$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $481,000, adding $5,982 every year, while hoping to spend $33,582 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: 69/15/16 Blend
54$481,000$481,000$481,000$481,000
55$536,232$510,739$503,284$570,816
56$555,197$500,035$484,413$583,913
57$574,971$487,680$463,784$593,686
58$595,600$473,559$441,304$603,530
59$617,136$457,548$416,872$613,446
60$639,634$439,518$390,387$623,438
61$663,152$419,329$361,741$633,513
62$687,755$396,838$330,820$643,678
63$713,511$371,888$297,508$653,941
64$740,497$344,318$261,681$664,314
65$768,792$313,954$223,212$674,810
66$798,485$280,614$181,967$685,445
67$829,672$244,106$137,804$696,240
68$862,458$204,226$90,579$707,216
69$896,954$160,759$40,140$718,402
70$933,285$113,477$0$729,829
71$971,584$62,141$0$743,870
72$1,011,997$6,498$0$765,696
73$1,054,683$0$0$788,527
74$1,099,817$0$0$821,316
75$1,147,587$0$0$857,168
76$1,198,201$0$0$895,168
77$1,251,884$0$0$935,486
78$1,308,885$0$0$978,311
79$1,369,473$0$0$1,023,847
80$1,433,944$0$0$1,072,319
81$1,502,621$0$0$1,123,972
82$1,575,860$0$0$1,179,076
83$1,654,048$0$0$1,237,925
84$1,737,612$0$0$1,300,842
85$1,827,016$0$0$1,368,180
86$1,922,773$0$0$1,440,329
87$2,025,443$0$0$1,517,713
88$2,135,642$0$0$1,600,801
89$2,254,045$0$0$1,690,104
90$2,381,392$0$0$1,786,187
91$2,518,499$0$0$1,889,665
92$2,666,257$0$0$2,001,219
93$2,825,650$0$0$2,121,594
94$2,997,754$0$0$2,251,610
95$3,183,756$0$0$2,392,165
96$3,384,957$0$0$2,544,251
97$3,602,789$0$0$2,708,953
98$3,838,826$0$0$2,887,469
99$4,094,798$0$0$3,081,113
100$4,372,608$0$0$3,291,331