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%12.3%
1 years$39,721$39,367$39,022$38,685$38,356$37,987
2 years$19,664$19,297$18,942$18,598$18,265$17,893
3 years$12,979$12,611$12,257$11,916$11,588$11,225
4 years$9,637$9,270$8,920$8,585$8,265$7,913
5 years$7,633$7,268$6,922$6,594$6,283$5,944
6 years$6,297$5,935$5,594$5,273$4,971$4,646
7 years$5,343$4,984$4,649$4,335$4,043$3,731
8 years$4,628$4,272$3,943$3,637$3,354$3,055
9 years$4,072$3,720$3,396$3,098$2,825$2,538
10 years$3,628$3,279$2,960$2,670$2,407$2,133
11 years$3,264$2,919$2,606$2,324$2,070$1,809
12 years$2,962$2,620$2,313$2,038$1,794$1,546
13 years$2,706$2,368$2,067$1,800$1,564$1,328
14 years$2,487$2,152$1,857$1,598$1,371$1,147
15 years$2,297$1,966$1,676$1,425$1,207$995
16 years$2,131$1,804$1,520$1,276$1,067$865
17 years$1,985$1,661$1,383$1,146$946$755
18 years$1,855$1,535$1,263$1,033$841$661
19 years$1,739$1,423$1,156$933$750$580
20 years$1,635$1,322$1,061$845$670$509
21 years$1,541$1,231$976$767$599$448
22 years$1,455$1,149$899$698$537$395
23 years$1,377$1,075$830$635$482$348
24 years$1,306$1,007$768$579$433$308
25 years$1,240$945$711$529$390$272
26 years$1,180$888$660$484$351$241
27 years$1,124$836$613$443$317$213
28 years$1,072$788$569$406$286$189
29 years$1,024$743$530$372$258$167
30 years$979$702$494$341$233$149
31 years$937$664$460$314$211$132
32 years$898$628$429$288$191$117
33 years$861$595$401$265$173$104
34 years$827$564$375$244$156$92
35 years$794$534$350$224$142$82
36 years$764$507$328$207$128$73
37 years$735$482$307$190$116$65
38 years$708$458$287$176$105$58
39 years$682$435$269$162$96$51
40 years$658$414$252$149$87$46
41 years$634$394$236$138$79$41
42 years$612$376$222$127$71$36
43 years$591$358$208$117$65$32
44 years$571$341$195$108$59$29
45 years$552$325$183$100$53$25
46 years$534$310$172$92$48$23
47 years$517$296$162$85$44$20
48 years$501$283$152$79$40$18
49 years$485$270$143$73$36$16
50 years$470$258$134$67$33$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $481,000, adding $5,235 every year, while hoping to spend $36,910 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: 60/12/28 Blend
54$481,000$481,000$481,000$481,000
55$535,462$509,969$502,513$563,247
56$550,807$495,685$480,076$568,518
57$566,480$479,465$455,649$569,865
58$582,476$461,174$429,128$570,562
59$598,788$440,670$400,403$570,554
60$615,405$417,804$369,357$569,783
61$632,317$392,417$335,871$568,186
62$649,509$364,341$299,819$565,697
63$666,965$333,400$261,069$562,245
64$684,664$299,405$219,484$557,752
65$702,584$262,160$174,920$552,137
66$720,695$221,454$127,228$545,312
67$738,967$177,066$76,251$537,183
68$757,363$128,763$21,827$527,650
69$775,841$76,299$0$516,604
70$794,351$19,413$0$514,761
71$812,841$0$0$518,827
72$831,246$0$0$527,766
73$849,496$0$0$539,144
74$867,513$0$0$550,347
75$885,205$0$0$561,312
76$902,471$0$0$571,973
77$919,199$0$0$582,254
78$935,260$0$0$592,070
79$950,512$0$0$601,325
80$964,795$0$0$609,914
81$977,930$0$0$617,717
82$989,720$0$0$624,602
83$999,941$0$0$630,422
84$1,008,347$0$0$635,011
85$1,014,662$0$0$638,188
86$1,018,581$0$0$639,749
87$1,019,762$0$0$639,467
88$1,017,828$0$0$637,093
89$1,012,360$0$0$632,346
90$1,002,892$0$0$624,919
91$988,907$0$0$614,469
92$969,832$0$0$600,616
93$945,034$0$0$582,940
94$913,809$0$0$560,973
95$875,379$0$0$534,201
96$828,882$0$0$502,053
97$773,366$0$0$463,897
98$707,775$0$0$419,033
99$630,943$0$0$366,690
100$541,580$0$0$306,013