Can I retire at age 55 with 485,000?

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 $485,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$40,051$39,694$39,346$39,006$38,675$37,755
2 years$19,827$19,458$19,100$18,753$18,416$17,495
3 years$13,087$12,716$12,359$12,015$11,684$10,790
4 years$9,717$9,348$8,994$8,656$8,333$7,474
5 years$7,696$7,329$6,980$6,649$6,335$5,512
6 years$6,349$5,984$5,641$5,317$5,013$4,227
7 years$5,387$5,026$4,687$4,372$4,077$3,328
8 years$4,666$4,308$3,975$3,667$3,382$2,671
9 years$4,106$3,751$3,424$3,124$2,848$2,174
10 years$3,658$3,306$2,985$2,693$2,427$1,788
11 years$3,291$2,943$2,628$2,343$2,087$1,484
12 years$2,986$2,642$2,332$2,055$1,809$1,239
13 years$2,728$2,387$2,084$1,815$1,577$1,041
14 years$2,507$2,170$1,872$1,611$1,382$878
15 years$2,316$1,982$1,690$1,437$1,217$743
16 years$2,149$1,819$1,533$1,286$1,076$631
17 years$2,001$1,675$1,395$1,156$954$537
18 years$1,870$1,548$1,273$1,042$848$458
19 years$1,753$1,434$1,165$941$756$392
20 years$1,648$1,333$1,070$852$675$335
21 years$1,553$1,242$984$774$604$287
22 years$1,467$1,159$907$703$542$246
23 years$1,388$1,084$837$641$486$212
24 years$1,317$1,016$774$584$437$182
25 years$1,250$953$717$534$393$156
26 years$1,189$896$665$488$354$135
27 years$1,133$843$618$447$319$116
28 years$1,081$794$574$409$288$100
29 years$1,032$749$534$375$260$86
30 years$987$708$498$344$235$74
31 years$945$669$464$316$213$64
32 years$906$633$433$291$192$55
33 years$869$600$404$267$174$47
34 years$834$568$378$246$158$41
35 years$801$539$353$226$143$35
36 years$770$512$330$208$129$31
37 years$741$486$309$192$117$26
38 years$714$462$290$177$106$23
39 years$688$439$271$163$96$20
40 years$663$418$254$151$87$17
41 years$640$398$238$139$79$15
42 years$617$379$224$128$72$13
43 years$596$361$210$118$65$11
44 years$576$344$197$109$59$9
45 years$557$328$185$101$54$8
46 years$539$313$174$93$49$7
47 years$521$299$163$86$44$6
48 years$505$285$153$80$40$5
49 years$489$272$144$74$37$5
50 years$474$260$136$68$33$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $485,000, adding $2,447 every year, while hoping to spend $36,118 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: 84/9/7 Blend
54$485,000$485,000$485,000$485,000
55$536,994$511,289$503,772$581,568
56$553,338$497,913$482,219$597,660
57$570,139$482,671$458,733$610,186
58$587,405$465,433$433,212$622,811
59$605,143$446,063$405,548$635,520
60$623,363$424,415$375,629$648,300
61$642,071$400,336$343,338$661,135
62$661,273$373,664$308,550$674,006
63$680,976$344,226$271,140$686,893
64$701,184$311,842$230,972$699,775
65$721,902$276,320$187,907$712,628
66$743,134$237,457$141,799$725,425
67$764,880$195,039$92,496$738,136
68$787,141$148,839$39,838$750,729
69$809,917$98,620$0$763,169
70$833,205$44,128$0$776,639
71$856,999$0$0$793,129
72$881,292$0$0$811,104
73$906,075$0$0$833,897
74$931,335$0$0$857,127
75$957,056$0$0$880,780
76$983,219$0$0$904,835
77$1,009,799$0$0$929,273
78$1,036,768$0$0$954,065
79$1,064,094$0$0$979,182
80$1,091,736$0$0$1,004,586
81$1,119,650$0$0$1,030,236
82$1,147,782$0$0$1,056,082
83$1,176,072$0$0$1,082,068
84$1,204,451$0$0$1,108,130
85$1,232,841$0$0$1,134,195
86$1,261,150$0$0$1,160,180
87$1,289,278$0$0$1,185,989
88$1,317,108$0$0$1,211,515
89$1,344,511$0$0$1,236,639
90$1,371,341$0$0$1,261,225
91$1,397,433$0$0$1,285,119
92$1,422,602$0$0$1,308,151
93$1,446,641$0$0$1,330,129
94$1,469,318$0$0$1,350,837
95$1,490,375$0$0$1,370,037
96$1,509,522$0$0$1,387,459
97$1,526,436$0$0$1,402,805
98$1,540,759$0$0$1,415,743
99$1,552,089$0$0$1,425,899
100$1,559,981$0$0$1,432,864