Can I retire at age 55 with 282,000?

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 $282,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$23,287$23,080$22,877$22,680$22,487$22,252
2 years$11,528$11,314$11,106$10,904$10,708$10,472
3 years$7,609$7,394$7,186$6,986$6,794$6,563
4 years$5,650$5,435$5,230$5,033$4,845$4,622
5 years$4,475$4,261$4,058$3,866$3,683$3,468
6 years$3,692$3,480$3,280$3,092$2,914$2,708
7 years$3,132$2,922$2,726$2,542$2,370$2,172
8 years$2,713$2,505$2,311$2,132$1,966$1,776
9 years$2,387$2,181$1,991$1,816$1,656$1,474
10 years$2,127$1,922$1,736$1,566$1,411$1,238
11 years$1,914$1,711$1,528$1,363$1,213$1,048
12 years$1,736$1,536$1,356$1,195$1,052$894
13 years$1,586$1,388$1,212$1,055$917$768
14 years$1,458$1,262$1,089$937$804$662
15 years$1,347$1,153$983$835$708$573
16 years$1,249$1,058$891$748$626$498
17 years$1,164$974$811$672$555$434
18 years$1,088$900$740$606$493$379
19 years$1,020$834$678$547$440$332
20 years$958$775$622$496$393$291
21 years$903$722$572$450$351$256
22 years$853$674$527$409$315$225
23 years$807$630$487$372$283$198
24 years$765$591$450$340$254$175
25 years$727$554$417$310$229$155
26 years$692$521$387$284$206$136
27 years$659$490$359$260$186$121
28 years$629$462$334$238$168$107
29 years$600$436$311$218$151$94
30 years$574$412$289$200$137$84
31 years$549$389$270$184$124$74
32 years$527$368$252$169$112$66
33 years$505$349$235$155$101$58
34 years$485$330$220$143$92$52
35 years$466$313$205$132$83$46
36 years$448$297$192$121$75$41
37 years$431$282$180$112$68$36
38 years$415$268$168$103$62$32
39 years$400$255$158$95$56$28
40 years$386$243$148$88$51$25
41 years$372$231$139$81$46$22
42 years$359$220$130$75$42$20
43 years$347$210$122$69$38$18
44 years$335$200$115$64$34$16
45 years$324$191$108$59$31$14
46 years$313$182$101$54$28$12
47 years$303$174$95$50$26$11
48 years$293$166$89$46$23$10
49 years$284$158$84$43$21$9
50 years$275$151$79$40$19$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $282,000, adding $2,178 every year, while hoping to spend $20,017 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: 72/12/16 Blend
54$282,000$282,000$282,000$282,000
55$313,011$298,065$293,694$334,250
56$323,640$291,372$282,234$341,940
57$334,682$283,680$269,720$347,721
58$346,159$274,920$256,095$353,530
59$358,093$265,016$241,300$359,366
60$370,507$253,891$225,272$365,228
61$383,428$241,461$207,949$371,115
62$396,884$227,639$189,261$377,027
63$410,904$212,331$169,139$382,966
64$425,521$195,440$147,510$388,931
65$440,769$176,861$124,296$394,925
66$456,685$156,485$99,418$400,950
67$473,310$134,196$72,791$407,009
68$490,687$109,871$44,329$413,108
69$508,863$83,380$13,940$419,252
70$527,889$54,588$0$425,449
71$547,819$23,349$0$434,865
72$568,715$0$0$447,099
73$590,640$0$0$461,184
74$613,665$0$0$479,218
75$637,865$0$0$498,177
76$663,325$0$0$518,128
77$690,134$0$0$539,142
78$718,391$0$0$561,297
79$748,203$0$0$584,677
80$779,687$0$0$609,374
81$812,970$0$0$635,490
82$848,190$0$0$663,135
83$885,501$0$0$692,428
84$925,068$0$0$723,502
85$967,071$0$0$756,499
86$1,011,710$0$0$791,576
87$1,059,201$0$0$828,906
88$1,109,781$0$0$868,676
89$1,163,710$0$0$911,092
90$1,221,273$0$0$956,379
91$1,282,782$0$0$1,004,785
92$1,348,579$0$0$1,056,580
93$1,419,037$0$0$1,112,061
94$1,494,569$0$0$1,171,555
95$1,575,625$0$0$1,235,418
96$1,662,700$0$0$1,304,042
97$1,756,337$0$0$1,377,858
98$1,857,132$0$0$1,457,339
99$1,965,741$0$0$1,543,003
100$2,082,881$0$0$1,635,421