Can I retire at age 55 with 488,000?

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 $488,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$40,299$39,940$39,589$39,248$38,914$37,973
2 years$19,950$19,578$19,218$18,869$18,530$17,588
3 years$13,168$12,795$12,435$12,090$11,756$10,842
4 years$9,777$9,405$9,050$8,710$8,385$7,506
5 years$7,744$7,374$7,023$6,690$6,374$5,533
6 years$6,388$6,021$5,676$5,350$5,044$4,241
7 years$5,421$5,057$4,716$4,399$4,102$3,337
8 years$4,695$4,335$4,000$3,690$3,403$2,676
9 years$4,131$3,774$3,445$3,143$2,866$2,177
10 years$3,680$3,327$3,004$2,709$2,442$1,790
11 years$3,312$2,961$2,644$2,358$2,100$1,484
12 years$3,005$2,658$2,347$2,068$1,820$1,239
13 years$2,745$2,402$2,097$1,826$1,587$1,039
14 years$2,523$2,183$1,884$1,621$1,391$876
15 years$2,330$1,995$1,701$1,445$1,225$741
16 years$2,162$1,830$1,542$1,294$1,082$629
17 years$2,014$1,685$1,403$1,163$960$535
18 years$1,882$1,557$1,281$1,048$853$456
19 years$1,764$1,443$1,173$947$761$389
20 years$1,659$1,341$1,076$858$679$333
21 years$1,563$1,249$990$778$608$285
22 years$1,476$1,166$912$708$545$244
23 years$1,397$1,091$842$645$489$210
24 years$1,325$1,022$779$588$440$180
25 years$1,258$959$722$537$396$155
26 years$1,197$901$669$491$356$133
27 years$1,140$848$621$449$321$114
28 years$1,088$799$578$412$290$99
29 years$1,039$754$538$378$262$85
30 years$993$712$501$346$237$73
31 years$951$673$467$318$214$63
32 years$911$637$436$292$193$54
33 years$874$603$407$269$175$47
34 years$839$572$380$247$159$40
35 years$806$542$355$228$144$35
36 years$775$515$332$210$130$30
37 years$746$489$311$193$118$26
38 years$718$465$291$178$107$22
39 years$692$442$273$164$97$19
40 years$667$420$256$152$88$17
41 years$644$400$240$140$80$14
42 years$621$381$225$129$72$12
43 years$600$363$211$119$66$11
44 years$580$346$198$110$60$9
45 years$561$330$186$102$54$8
46 years$542$315$175$94$49$7
47 years$525$300$164$87$45$6
48 years$508$287$154$80$41$5
49 years$492$274$145$74$37$4
50 years$476$262$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 $488,000, adding $4,002 every year, while hoping to spend $24,854 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: 57/26/17 Blend
54$488,000$488,000$488,000$488,000
55$541,904$516,040$508,476$570,157
56$570,734$514,882$499,066$588,638
57$601,671$512,833$488,507$605,721
58$634,905$509,825$476,735$623,774
59$670,642$505,784$463,683$642,894
60$709,111$500,630$449,279$663,191
61$750,560$494,281$433,449$684,786
62$795,264$486,647$416,117$707,814
63$843,524$477,637$397,201$732,424
64$895,672$467,150$376,615$758,783
65$952,072$455,081$354,273$787,074
66$1,013,123$441,320$330,081$817,504
67$1,079,266$425,749$303,943$850,298
68$1,150,983$408,243$275,757$885,710
69$1,228,807$388,670$245,419$924,018
70$1,313,323$366,892$212,817$965,534
71$1,405,173$342,761$177,838$1,010,600
72$1,505,065$316,121$140,360$1,059,597
73$1,613,778$286,808$100,259$1,112,948
74$1,732,169$254,646$57,403$1,171,121
75$1,861,179$219,453$11,655$1,234,633
76$2,001,848$181,034$0$1,304,058
77$2,155,315$139,184$0$1,386,773
78$2,322,838$93,685$0$1,479,434
79$2,505,801$44,309$0$1,580,729
80$2,705,726$0$0$1,691,551
81$2,924,290$0$0$1,815,511
82$3,163,338$0$0$1,964,994
83$3,424,904$0$0$2,128,600
84$3,711,225$0$0$2,307,734
85$4,024,765$0$0$2,503,943
86$4,368,239$0$0$2,718,932
87$4,744,635$0$0$2,954,576
88$5,157,245$0$0$3,212,943
89$5,609,694$0$0$3,496,308
90$6,105,975$0$0$3,807,180
91$6,650,485$0$0$4,148,319
92$7,248,069$0$0$4,522,768
93$7,904,062$0$0$4,933,878
94$8,624,342$0$0$5,385,339
95$9,415,384$0$0$5,881,217
96$10,284,320$0$0$6,425,993
97$11,239,008$0$0$7,024,599
98$12,288,102$0$0$7,682,472
99$13,441,140$0$0$8,405,602
100$14,708,626$0$0$9,200,585