Can I retire at age 55 with 483,000?

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 $483,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$39,886$39,530$39,184$38,845$38,515$37,238
2 years$19,745$19,378$19,021$18,676$18,341$17,066
3 years$13,033$12,664$12,308$11,966$11,636$10,404
4 years$9,677$9,309$8,957$8,621$8,299$7,119
5 years$7,664$7,298$6,951$6,621$6,309$5,184
6 years$6,323$5,960$5,617$5,295$4,992$3,924
7 years$5,365$5,005$4,668$4,354$4,060$3,048
8 years$4,647$4,290$3,959$3,652$3,368$2,412
9 years$4,089$3,735$3,410$3,111$2,836$1,934
10 years$3,643$3,293$2,973$2,681$2,417$1,568
11 years$3,278$2,931$2,617$2,334$2,078$1,281
12 years$2,974$2,631$2,323$2,047$1,801$1,053
13 years$2,717$2,378$2,075$1,807$1,571$870
14 years$2,497$2,161$1,865$1,604$1,377$722
15 years$2,306$1,974$1,683$1,431$1,212$601
16 years$2,140$1,811$1,526$1,281$1,071$501
17 years$1,993$1,668$1,389$1,151$950$419
18 years$1,863$1,541$1,268$1,037$845$351
19 years$1,746$1,429$1,161$937$753$295
20 years$1,642$1,328$1,065$849$672$248
21 years$1,547$1,237$980$770$602$209
22 years$1,461$1,154$903$700$539$176
23 years$1,383$1,080$834$638$484$148
24 years$1,311$1,011$771$582$435$125
25 years$1,245$949$714$531$392$105
26 years$1,185$892$662$486$353$89
27 years$1,128$840$615$445$318$75
28 years$1,077$791$572$407$287$63
29 years$1,028$746$532$374$259$54
30 years$983$705$496$343$234$45
31 years$941$666$462$315$212$38
32 years$902$630$431$289$191$32
33 years$865$597$403$266$173$27
34 years$830$566$376$245$157$23
35 years$798$537$352$225$142$20
36 years$767$509$329$208$129$17
37 years$738$484$308$191$117$14
38 years$711$460$288$176$106$12
39 years$685$437$270$163$96$10
40 years$660$416$253$150$87$8
41 years$637$396$237$138$79$7
42 years$615$377$223$128$72$6
43 years$594$359$209$118$65$5
44 years$574$343$196$109$59$4
45 years$555$327$184$101$54$4
46 years$537$312$173$93$49$3
47 years$519$297$163$86$44$3
48 years$503$284$153$79$40$2
49 years$487$271$144$73$36$2
50 years$472$259$135$68$33$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $483,000, adding $4,253 every year, while hoping to spend $30,719 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: 47/48/5 Blend
54$483,000$483,000$483,000$483,000
55$536,653$511,054$503,567$560,981
56$558,707$503,411$487,752$570,449
57$581,981$494,364$470,378$577,125
58$606,566$483,811$451,359$583,641
59$632,564$471,646$430,608$589,989
60$660,084$457,755$408,031$596,164
61$689,245$442,018$383,533$602,163
62$720,179$424,307$357,012$607,984
63$753,027$404,488$328,362$613,629
64$787,947$382,419$297,473$619,100
65$825,109$357,949$264,230$624,406
66$864,701$330,919$228,512$629,555
67$906,927$301,161$190,194$634,565
68$952,012$268,496$149,144$639,453
69$1,000,201$232,737$105,225$644,247
70$1,051,766$193,685$58,293$648,978
71$1,107,000$151,130$8,201$653,687
72$1,166,229$104,850$0$658,421
73$1,229,808$54,612$0$665,653
74$1,298,128$167$0$673,663
75$1,371,618$0$0$682,101
76$1,450,747$0$0$722,102
77$1,536,033$0$0$765,352
78$1,628,043$0$0$812,056
79$1,727,402$0$0$862,536
80$1,834,794$0$0$917,146
81$1,950,973$0$0$976,275
82$2,076,766$0$0$1,040,351
83$2,213,085$0$0$1,109,844
84$2,360,929$0$0$1,185,272
85$2,521,400$0$0$1,267,203
86$2,695,707$0$0$1,356,264
87$2,885,184$0$0$1,453,143
88$3,091,295$0$0$1,558,598
89$3,315,651$0$0$1,673,462
90$3,560,027$0$0$1,798,653
91$3,826,373$0$0$1,935,180
92$4,116,839$0$0$2,084,154
93$4,433,787$0$0$2,246,798
94$4,779,821$0$0$2,424,459
95$5,157,804$0$0$2,618,619
96$5,570,891$0$0$2,830,910
97$6,022,552$0$0$3,063,127
98$6,516,611$0$0$3,317,250
99$7,057,277$0$0$3,595,457
100$7,649,183$0$0$3,900,145