Can I retire at age 55 with 482,000?

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 $482,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$39,803$39,449$39,103$38,765$38,435$36,896
2 years$19,705$19,338$18,982$18,637$18,303$16,771
3 years$13,006$12,637$12,283$11,941$11,612$10,136
4 years$9,657$9,290$8,939$8,603$8,282$6,873
5 years$7,649$7,283$6,937$6,608$6,296$4,958
6 years$6,310$5,947$5,606$5,284$4,982$3,716
7 years$5,354$4,995$4,658$4,344$4,051$2,857
8 years$4,637$4,281$3,951$3,644$3,361$2,236
9 years$4,080$3,728$3,403$3,104$2,830$1,774
10 years$3,635$3,286$2,967$2,676$2,412$1,421
11 years$3,271$2,925$2,612$2,329$2,074$1,148
12 years$2,968$2,625$2,318$2,043$1,797$932
13 years$2,711$2,373$2,071$1,803$1,567$761
14 years$2,492$2,157$1,861$1,601$1,374$623
15 years$2,302$1,970$1,680$1,428$1,210$512
16 years$2,135$1,808$1,523$1,278$1,069$422
17 years$1,989$1,665$1,386$1,149$948$348
18 years$1,859$1,538$1,265$1,035$843$288
19 years$1,743$1,426$1,158$935$751$238
20 years$1,638$1,325$1,063$847$671$198
21 years$1,544$1,234$978$769$601$164
22 years$1,458$1,152$901$699$538$136
23 years$1,380$1,077$832$637$483$113
24 years$1,308$1,009$770$581$434$94
25 years$1,243$947$713$530$391$78
26 years$1,182$890$661$485$352$65
27 years$1,126$838$614$444$317$54
28 years$1,074$789$571$407$286$45
29 years$1,026$745$531$373$259$37
30 years$981$703$495$342$234$31
31 years$939$665$461$314$211$26
32 years$900$629$430$289$191$22
33 years$863$596$402$266$173$18
34 years$829$565$375$244$157$15
35 years$796$536$351$225$142$13
36 years$766$508$328$207$128$10
37 years$737$483$307$191$116$9
38 years$709$459$288$176$106$7
39 years$683$436$270$162$96$6
40 years$659$415$253$150$87$5
41 years$636$395$237$138$79$4
42 years$614$376$222$127$71$3
43 years$593$359$209$118$65$3
44 years$573$342$196$109$59$2
45 years$554$326$184$100$53$2
46 years$535$311$173$93$49$2
47 years$518$297$162$86$44$1
48 years$502$283$152$79$40$1
49 years$486$271$143$73$36$1
50 years$471$258$135$68$33$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $482,000, adding $5,602 every year, while hoping to spend $33,301 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: 71/7/22 Blend
54$482,000$482,000$482,000$482,000
55$536,942$511,396$503,925$571,763
56$556,279$501,023$485,375$585,342
57$576,471$489,025$465,087$595,740
58$597,572$475,288$442,968$606,307
59$619,637$459,690$418,920$617,057
60$642,728$442,103$392,842$628,006
61$666,911$422,391$364,627$639,169
62$692,257$400,409$334,164$650,568
63$718,844$376,006$301,335$662,226
64$746,757$349,020$266,020$674,170
65$776,086$319,282$228,091$686,429
66$806,931$286,611$187,417$699,038
67$839,400$250,818$143,858$712,037
68$873,611$211,700$97,269$725,470
69$909,693$169,047$47,501$739,388
70$947,784$122,633$0$753,848
71$988,038$72,222$0$770,231
72$1,030,621$17,563$0$799,279
73$1,075,713$0$0$829,951
74$1,123,514$0$0$865,587
75$1,174,241$0$0$904,852
76$1,228,129$0$0$946,578
77$1,285,439$0$0$990,967
78$1,346,454$0$0$1,038,240
79$1,411,484$0$0$1,088,640
80$1,480,869$0$0$1,142,433
81$1,554,982$0$0$1,199,910
82$1,634,232$0$0$1,261,389
83$1,719,064$0$0$1,327,220
84$1,809,972$0$0$1,397,786
85$1,907,492$0$0$1,473,509
86$2,012,215$0$0$1,554,850
87$2,124,791$0$0$1,642,316
88$2,245,930$0$0$1,736,462
89$2,376,414$0$0$1,837,900
90$2,517,101$0$0$1,947,301
91$2,668,935$0$0$2,065,402
92$2,832,951$0$0$2,193,012
93$3,010,288$0$0$2,331,023
94$3,202,198$0$0$2,480,411
95$3,410,055$0$0$2,642,254
96$3,635,372$0$0$2,817,733
97$3,879,813$0$0$3,008,148
98$4,145,206$0$0$3,214,931
99$4,433,564$0$0$3,439,654
100$4,747,098$0$0$3,684,049