Can I retire at age 55 with 484,000?

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 $484,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$39,968$39,612$39,265$38,926$38,595$38,432
2 years$19,786$19,418$19,061$18,714$18,378$18,214
3 years$13,060$12,690$12,333$11,990$11,660$11,499
4 years$9,697$9,328$8,976$8,638$8,316$8,160
5 years$7,680$7,313$6,965$6,635$6,322$6,171
6 years$6,336$5,972$5,629$5,306$5,002$4,857
7 years$5,376$5,015$4,678$4,363$4,068$3,928
8 years$4,657$4,299$3,967$3,660$3,375$3,241
9 years$4,097$3,743$3,417$3,117$2,842$2,713
10 years$3,650$3,299$2,979$2,687$2,422$2,298
11 years$3,285$2,937$2,623$2,339$2,083$1,965
12 years$2,980$2,636$2,328$2,051$1,805$1,692
13 years$2,723$2,382$2,079$1,811$1,574$1,466
14 years$2,502$2,166$1,868$1,608$1,380$1,277
15 years$2,311$1,978$1,687$1,434$1,215$1,117
16 years$2,144$1,815$1,529$1,284$1,074$981
17 years$1,997$1,672$1,392$1,153$952$864
18 years$1,867$1,545$1,270$1,039$846$763
19 years$1,750$1,432$1,163$939$754$675
20 years$1,645$1,330$1,067$851$674$599
21 years$1,550$1,239$982$772$603$532
22 years$1,464$1,157$905$702$541$473
23 years$1,386$1,082$835$639$485$422
24 years$1,314$1,014$773$583$436$376
25 years$1,248$951$716$532$392$336
26 years$1,187$894$664$487$353$300
27 years$1,131$841$616$446$319$269
28 years$1,079$793$573$408$288$240
29 years$1,030$748$533$374$260$215
30 years$985$706$497$344$235$193
31 years$943$668$463$316$212$173
32 years$904$632$432$290$192$155
33 years$867$598$403$267$174$139
34 years$832$567$377$245$157$125
35 years$799$538$352$226$142$113
36 years$769$510$330$208$129$101
37 years$740$485$309$192$117$91
38 years$712$461$289$177$106$82
39 years$686$438$271$163$96$73
40 years$662$417$254$150$87$66
41 years$638$397$238$139$79$59
42 years$616$378$223$128$72$53
43 years$595$360$209$118$65$48
44 years$575$343$197$109$59$43
45 years$556$327$185$101$54$39
46 years$538$312$173$93$49$35
47 years$520$298$163$86$44$32
48 years$504$284$153$79$40$28
49 years$488$272$144$73$37$26
50 years$473$259$135$68$33$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $484,000, adding $3,221 every year, while hoping to spend $32,222 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: 64/28/8 Blend
54$484,000$484,000$484,000$484,000
55$536,690$511,038$503,536$569,980
56$557,149$501,795$486,121$583,326
57$578,614$491,019$467,042$593,811
58$601,155$478,602$446,210$604,430
59$624,846$464,426$423,531$615,193
60$649,768$448,371$398,907$626,116
61$676,010$430,306$372,236$637,212
62$703,667$410,095$343,410$648,501
63$732,844$387,593$312,318$660,006
64$763,656$362,647$278,842$671,751
65$796,226$335,094$242,861$683,768
66$830,691$304,764$204,246$696,091
67$867,199$271,474$162,866$708,760
68$905,911$235,035$118,580$721,822
69$947,005$195,243$71,244$735,332
70$990,675$151,885$20,705$749,350
71$1,037,132$104,735$0$763,946
72$1,086,607$53,555$0$782,036
73$1,139,356$0$0$802,947
74$1,195,655$0$0$825,613
75$1,255,809$0$0$867,483
76$1,320,152$0$0$912,289
77$1,389,051$0$0$960,290
78$1,462,905$0$0$1,011,767
79$1,542,156$0$0$1,067,031
80$1,627,286$0$0$1,126,423
81$1,718,827$0$0$1,190,315
82$1,817,360$0$0$1,259,117
83$1,923,524$0$0$1,333,279
84$2,038,022$0$0$1,413,297
85$2,161,625$0$0$1,499,714
86$2,295,181$0$0$1,593,126
87$2,439,622$0$0$1,694,190
88$2,595,971$0$0$1,803,627
89$2,765,354$0$0$1,922,231
90$2,949,009$0$0$2,050,873
91$3,148,296$0$0$2,190,513
92$3,364,714$0$0$2,342,206
93$3,599,908$0$0$2,507,111
94$3,855,689$0$0$2,686,506
95$4,134,050$0$0$2,881,794
96$4,437,185$0$0$3,094,522
97$4,767,505$0$0$3,326,390
98$5,127,666$0$0$3,579,269
99$5,520,591$0$0$3,855,220
100$5,949,496$0$0$4,156,510