Can I retire at age 55 with 484,000?

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 $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%11.9%
1 years$39,968$39,612$39,265$38,926$38,595$38,287
2 years$19,786$19,418$19,061$18,714$18,378$18,069
3 years$13,060$12,690$12,333$11,990$11,660$11,357
4 years$9,697$9,328$8,976$8,638$8,316$8,023
5 years$7,680$7,313$6,965$6,635$6,322$6,039
6 years$6,336$5,972$5,629$5,306$5,002$4,730
7 years$5,376$5,015$4,678$4,363$4,068$3,807
8 years$4,657$4,299$3,967$3,660$3,375$3,124
9 years$4,097$3,743$3,417$3,117$2,842$2,602
10 years$3,650$3,299$2,979$2,687$2,422$2,192
11 years$3,285$2,937$2,623$2,339$2,083$1,864
12 years$2,980$2,636$2,328$2,051$1,805$1,596
13 years$2,723$2,382$2,079$1,811$1,574$1,375
14 years$2,502$2,166$1,868$1,608$1,380$1,191
15 years$2,311$1,978$1,687$1,434$1,215$1,035
16 years$2,144$1,815$1,529$1,284$1,074$903
17 years$1,997$1,672$1,392$1,153$952$791
18 years$1,867$1,545$1,270$1,039$846$694
19 years$1,750$1,432$1,163$939$754$610
20 years$1,645$1,330$1,067$851$674$538
21 years$1,550$1,239$982$772$603$474
22 years$1,464$1,157$905$702$541$419
23 years$1,386$1,082$835$639$485$371
24 years$1,314$1,014$773$583$436$329
25 years$1,248$951$716$532$392$292
26 years$1,187$894$664$487$353$259
27 years$1,131$841$616$446$319$230
28 years$1,079$793$573$408$288$204
29 years$1,030$748$533$374$260$182
30 years$985$706$497$344$235$162
31 years$943$668$463$316$212$144
32 years$904$632$432$290$192$128
33 years$867$598$403$267$174$114
34 years$832$567$377$245$157$102
35 years$799$538$352$226$142$91
36 years$769$510$330$208$129$81
37 years$740$485$309$192$117$72
38 years$712$461$289$177$106$64
39 years$686$438$271$163$96$58
40 years$662$417$254$150$87$51
41 years$638$397$238$139$79$46
42 years$616$378$223$128$72$41
43 years$595$360$209$118$65$37
44 years$575$343$197$109$59$33
45 years$556$327$185$101$54$29
46 years$538$312$173$93$49$26
47 years$520$298$163$86$44$23
48 years$504$284$153$79$40$21
49 years$488$272$144$73$37$19
50 years$473$259$135$68$33$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $484,000, adding $3,987 every year, while hoping to spend $32,405 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: 38/40/22 Blend
54$484,000$484,000$484,000$484,000
55$537,481$511,829$504,327$554,237
56$557,825$502,430$486,743$557,351
57$579,158$491,484$467,484$557,384
58$601,547$478,881$446,460$556,766
59$625,065$464,506$423,575$555,454
60$649,789$448,234$398,733$553,410
61$675,805$429,936$371,828$550,590
62$703,207$409,472$342,754$546,951
63$732,095$386,698$311,398$542,449
64$762,581$361,458$277,641$537,038
65$794,784$333,589$241,362$530,673
66$828,837$302,920$202,432$523,306
67$864,881$269,266$160,717$514,892
68$903,075$232,436$116,077$505,382
69$943,588$192,225$68,365$494,731
70$986,609$148,418$17,430$482,890
71$1,032,341$100,789$0$469,816
72$1,081,008$49,096$0$464,130
73$1,132,856$0$0$462,051
74$1,188,151$0$0$462,527
75$1,247,189$0$0$486,147
76$1,310,291$0$0$511,433
77$1,377,810$0$0$538,534
78$1,450,132$0$0$567,609
79$1,527,683$0$0$598,835
80$1,610,928$0$0$632,406
81$1,700,377$0$0$668,535
82$1,796,592$0$0$707,455
83$1,900,188$0$0$749,423
84$2,011,842$0$0$794,721
85$2,132,296$0$0$843,658
86$2,262,367$0$0$896,575
87$2,402,951$0$0$953,845
88$2,555,034$0$0$1,015,880
89$2,719,700$0$0$1,083,133
90$2,898,139$0$0$1,156,099
91$3,091,661$0$0$1,235,327
92$3,301,707$0$0$1,321,416
93$3,529,861$0$0$1,415,030
94$3,777,864$0$0$1,516,895
95$4,047,635$0$0$1,627,813
96$4,341,282$0$0$1,748,665
97$4,661,126$0$0$1,880,420
98$5,009,720$0$0$2,024,145
99$5,389,875$0$0$2,181,017
100$5,804,685$0$0$2,352,327