Can I retire at age 55 with 483,000?

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 $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%13.7%
1 years$39,886$39,530$39,184$38,845$38,515$37,924
2 years$19,745$19,378$19,021$18,676$18,341$17,746
3 years$13,033$12,664$12,308$11,966$11,636$11,057
4 years$9,677$9,309$8,957$8,621$8,299$7,740
5 years$7,664$7,298$6,951$6,621$6,309$5,771
6 years$6,323$5,960$5,617$5,295$4,992$4,477
7 years$5,365$5,005$4,668$4,354$4,060$3,567
8 years$4,647$4,290$3,959$3,652$3,368$2,898
9 years$4,089$3,735$3,410$3,111$2,836$2,388
10 years$3,643$3,293$2,973$2,681$2,417$1,990
11 years$3,278$2,931$2,617$2,334$2,078$1,673
12 years$2,974$2,631$2,323$2,047$1,801$1,416
13 years$2,717$2,378$2,075$1,807$1,571$1,206
14 years$2,497$2,161$1,865$1,604$1,377$1,032
15 years$2,306$1,974$1,683$1,431$1,212$886
16 years$2,140$1,811$1,526$1,281$1,071$764
17 years$1,993$1,668$1,389$1,151$950$660
18 years$1,863$1,541$1,268$1,037$845$572
19 years$1,746$1,429$1,161$937$753$496
20 years$1,642$1,328$1,065$849$672$432
21 years$1,547$1,237$980$770$602$376
22 years$1,461$1,154$903$700$539$328
23 years$1,383$1,080$834$638$484$286
24 years$1,311$1,011$771$582$435$250
25 years$1,245$949$714$531$392$219
26 years$1,185$892$662$486$353$191
27 years$1,128$840$615$445$318$167
28 years$1,077$791$572$407$287$147
29 years$1,028$746$532$374$259$129
30 years$983$705$496$343$234$113
31 years$941$666$462$315$212$99
32 years$902$630$431$289$191$87
33 years$865$597$403$266$173$76
34 years$830$566$376$245$157$67
35 years$798$537$352$225$142$59
36 years$767$509$329$208$129$52
37 years$738$484$308$191$117$45
38 years$711$460$288$176$106$40
39 years$685$437$270$163$96$35
40 years$660$416$253$150$87$31
41 years$637$396$237$138$79$27
42 years$615$377$223$128$72$24
43 years$594$359$209$118$65$21
44 years$574$343$196$109$59$18
45 years$555$327$184$101$54$16
46 years$537$312$173$93$49$14
47 years$519$297$163$86$44$12
48 years$503$284$153$79$40$11
49 years$487$271$144$73$36$10
50 years$472$259$135$68$33$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $483,000, adding $3,153 every year, while hoping to spend $33,644 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: 43/27/30 Blend
54$483,000$483,000$483,000$483,000
55$535,518$509,919$502,433$553,746
56$554,344$499,108$483,467$556,346
57$573,963$486,640$462,739$555,760
58$594,419$472,398$440,153$554,495
59$615,763$456,258$415,611$552,509
60$638,045$438,090$389,009$549,757
61$661,325$417,754$360,239$546,194
62$685,661$395,106$329,189$541,773
63$711,122$369,990$295,740$536,445
64$737,779$342,242$259,770$530,159
65$765,710$311,689$221,149$522,864
66$794,999$278,148$179,745$514,505
67$825,738$241,427$135,415$505,030
68$858,026$201,320$88,014$494,380
69$891,972$157,611$37,390$482,500
70$927,693$110,074$0$469,330
71$965,316$58,466$0$460,138
72$1,004,981$2,534$0$462,656
73$1,046,841$0$0$464,899
74$1,091,059$0$0$484,094
75$1,137,817$0$0$505,214
76$1,187,312$0$0$527,598
77$1,239,758$0$0$551,347
78$1,295,391$0$0$576,572
79$1,354,468$0$0$603,392
80$1,417,270$0$0$631,941
81$1,484,103$0$0$662,361
82$1,555,305$0$0$694,813
83$1,631,245$0$0$729,469
84$1,712,325$0$0$766,519
85$1,798,988$0$0$806,171
86$1,891,719$0$0$848,654
87$1,991,049$0$0$894,218
88$2,097,561$0$0$943,139
89$2,211,896$0$0$995,717
90$2,334,755$0$0$1,052,284
91$2,466,909$0$0$1,113,204
92$2,609,204$0$0$1,178,875
93$2,762,570$0$0$1,249,736
94$2,928,026$0$0$1,326,270
95$3,106,694$0$0$1,409,006
96$3,299,807$0$0$1,498,526
97$3,508,718$0$0$1,595,470
98$3,734,917$0$0$1,700,540
99$3,980,040$0$0$1,814,512
100$4,245,887$0$0$1,938,234