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%16.2%
1 years$39,968$39,612$39,265$38,926$38,595$37,616
2 years$19,786$19,418$19,061$18,714$18,378$17,399
3 years$13,060$12,690$12,333$11,990$11,660$10,710
4 years$9,697$9,328$8,976$8,638$8,316$7,403
5 years$7,680$7,313$6,965$6,635$6,322$5,448
6 years$6,336$5,972$5,629$5,306$5,002$4,169
7 years$5,376$5,015$4,678$4,363$4,068$3,275
8 years$4,657$4,299$3,967$3,660$3,375$2,622
9 years$4,097$3,743$3,417$3,117$2,842$2,129
10 years$3,650$3,299$2,979$2,687$2,422$1,747
11 years$3,285$2,937$2,623$2,339$2,083$1,446
12 years$2,980$2,636$2,328$2,051$1,805$1,204
13 years$2,723$2,382$2,079$1,811$1,574$1,009
14 years$2,502$2,166$1,868$1,608$1,380$848
15 years$2,311$1,978$1,687$1,434$1,215$716
16 years$2,144$1,815$1,529$1,284$1,074$606
17 years$1,997$1,672$1,392$1,153$952$515
18 years$1,867$1,545$1,270$1,039$846$438
19 years$1,750$1,432$1,163$939$754$373
20 years$1,645$1,330$1,067$851$674$318
21 years$1,550$1,239$982$772$603$272
22 years$1,464$1,157$905$702$541$233
23 years$1,386$1,082$835$639$485$199
24 years$1,314$1,014$773$583$436$171
25 years$1,248$951$716$532$392$146
26 years$1,187$894$664$487$353$125
27 years$1,131$841$616$446$319$108
28 years$1,079$793$573$408$288$92
29 years$1,030$748$533$374$260$79
30 years$985$706$497$344$235$68
31 years$943$668$463$316$212$59
32 years$904$632$432$290$192$50
33 years$867$598$403$267$174$43
34 years$832$567$377$245$157$37
35 years$799$538$352$226$142$32
36 years$769$510$330$208$129$28
37 years$740$485$309$192$117$24
38 years$712$461$289$177$106$20
39 years$686$438$271$163$96$18
40 years$662$417$254$150$87$15
41 years$638$397$238$139$79$13
42 years$616$378$223$128$72$11
43 years$595$360$209$118$65$10
44 years$575$343$197$109$59$8
45 years$556$327$185$101$54$7
46 years$538$312$173$93$49$6
47 years$520$298$163$86$44$5
48 years$504$284$153$79$40$5
49 years$488$272$144$73$37$4
50 years$473$259$135$68$33$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $484,000, adding $2,039 every year, while hoping to spend $32,446 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: 42/31/27 Blend
54$484,000$484,000$484,000$484,000
55$535,471$509,819$502,317$553,654
56$555,567$500,278$484,623$557,371
57$576,625$489,182$465,248$558,176
58$598,709$476,420$444,102$558,422
59$621,889$461,877$421,091$558,078
60$646,240$445,427$396,116$557,109
61$671,843$426,939$369,072$555,484
62$698,789$406,276$339,853$553,168
63$727,172$383,291$308,346$550,126
64$757,100$357,829$274,431$546,325
65$788,686$329,725$237,987$541,729
66$822,057$298,806$198,885$536,305
67$857,349$264,889$156,989$530,019
68$894,711$227,781$112,161$522,838
69$934,306$187,277$64,253$514,730
70$976,313$143,161$13,112$505,665
71$1,020,925$95,204$0$495,613
72$1,068,356$43,166$0$496,496
73$1,118,839$0$0$501,150
74$1,172,629$0$0$510,332
75$1,230,005$0$0$535,867
76$1,291,273$0$0$563,171
77$1,356,768$0$0$592,399
78$1,426,858$0$0$623,719
79$1,501,946$0$0$657,317
80$1,582,473$0$0$693,396
81$1,668,925$0$0$732,180
82$1,761,834$0$0$773,913
83$1,861,784$0$0$818,866
84$1,969,417$0$0$867,333
85$2,085,437$0$0$919,640
86$2,210,617$0$0$976,142
87$2,345,809$0$0$1,037,233
88$2,491,946$0$0$1,103,344
89$2,650,055$0$0$1,174,947
90$2,821,266$0$0$1,252,565
91$3,006,818$0$0$1,336,769
92$3,208,077$0$0$1,428,190
93$3,426,542$0$0$1,527,520
94$3,663,866$0$0$1,635,523
95$3,921,862$0$0$1,753,036
96$4,202,530$0$0$1,880,982
97$4,508,065$0$0$2,020,376
98$4,840,887$0$0$2,172,336
99$5,203,655$0$0$2,338,091
100$5,599,300$0$0$2,518,995