Can I retire at age 55 with 481,000?

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 $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%16.4%
1 years$39,721$39,367$39,022$38,685$38,356$37,353
2 years$19,664$19,297$18,942$18,598$18,265$17,261
3 years$12,979$12,611$12,257$11,916$11,588$10,615
4 years$9,637$9,270$8,920$8,585$8,265$7,330
5 years$7,633$7,268$6,922$6,594$6,283$5,389
6 years$6,297$5,935$5,594$5,273$4,971$4,119
7 years$5,343$4,984$4,649$4,335$4,043$3,232
8 years$4,628$4,272$3,943$3,637$3,354$2,585
9 years$4,072$3,720$3,396$3,098$2,825$2,096
10 years$3,628$3,279$2,960$2,670$2,407$1,718
11 years$3,264$2,919$2,606$2,324$2,070$1,420
12 years$2,962$2,620$2,313$2,038$1,794$1,181
13 years$2,706$2,368$2,067$1,800$1,564$988
14 years$2,487$2,152$1,857$1,598$1,371$830
15 years$2,297$1,966$1,676$1,425$1,207$700
16 years$2,131$1,804$1,520$1,276$1,067$591
17 years$1,985$1,661$1,383$1,146$946$501
18 years$1,855$1,535$1,263$1,033$841$426
19 years$1,739$1,423$1,156$933$750$362
20 years$1,635$1,322$1,061$845$670$309
21 years$1,541$1,231$976$767$599$263
22 years$1,455$1,149$899$698$537$225
23 years$1,377$1,075$830$635$482$192
24 years$1,306$1,007$768$579$433$164
25 years$1,240$945$711$529$390$141
26 years$1,180$888$660$484$351$120
27 years$1,124$836$613$443$317$103
28 years$1,072$788$569$406$286$88
29 years$1,024$743$530$372$258$76
30 years$979$702$494$341$233$65
31 years$937$664$460$314$211$56
32 years$898$628$429$288$191$48
33 years$861$595$401$265$173$41
34 years$827$564$375$244$156$35
35 years$794$534$350$224$142$30
36 years$764$507$328$207$128$26
37 years$735$482$307$190$116$22
38 years$708$458$287$176$105$19
39 years$682$435$269$162$96$16
40 years$658$414$252$149$87$14
41 years$634$394$236$138$79$12
42 years$612$376$222$127$71$10
43 years$591$358$208$117$65$9
44 years$571$341$195$108$59$8
45 years$552$325$183$100$53$7
46 years$534$310$172$92$48$6
47 years$517$296$162$85$44$5
48 years$501$283$152$79$40$4
49 years$485$270$143$73$36$4
50 years$470$258$134$67$33$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $481,000, adding $6,381 every year, while hoping to spend $24,485 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: 57/19/24 Blend
54$481,000$481,000$481,000$481,000
55$536,644$511,151$503,696$563,405
56$565,330$510,146$494,517$581,410
57$596,121$508,270$484,211$597,883
58$629,206$505,456$472,713$615,317
59$664,793$501,632$459,957$633,810
60$703,109$496,719$445,873$653,473
61$744,405$490,636$430,388$674,429
62$788,954$483,297$413,426$696,815
63$837,059$474,610$394,907$720,781
64$889,051$464,478$374,748$746,496
65$945,294$452,798$352,863$774,148
66$1,006,189$439,460$329,159$803,943
67$1,072,177$424,350$303,542$836,111
68$1,143,741$407,345$275,912$870,908
69$1,221,414$388,316$246,167$908,616
70$1,305,781$367,127$214,196$949,551
71$1,397,487$343,632$179,888$994,058
72$1,497,240$317,680$143,124$1,042,524
73$1,605,820$289,108$103,781$1,095,376
74$1,724,085$257,746$61,729$1,153,086
75$1,852,979$223,412$16,834$1,216,179
76$1,993,541$185,918$0$1,285,235
77$2,146,914$145,059$0$1,368,853
78$2,314,357$100,625$0$1,464,903
79$2,497,256$52,390$0$1,569,895
80$2,697,136$117$0$1,684,740
81$2,915,676$0$0$1,810,442
82$3,154,725$0$0$1,959,911
83$3,416,320$0$0$2,123,546
84$3,702,701$0$0$2,302,728
85$4,016,337$0$0$2,499,008
86$4,359,947$0$0$2,714,093
87$4,736,524$0$0$2,949,863
88$5,149,366$0$0$3,208,387
89$5,602,104$0$0$3,491,947
90$6,098,737$0$0$3,803,053
91$6,643,672$0$0$4,144,472
92$7,241,759$0$0$4,519,251
93$7,898,346$0$0$4,930,747
94$8,619,319$0$0$5,382,658
95$9,411,164$0$0$5,879,056
96$10,281,027$0$0$6,424,429
97$11,236,779$0$0$7,023,720
98$12,287,091$0$0$7,682,374
99$13,441,515$0$0$8,406,392
100$14,710,577$0$0$9,202,382