Can I retire at age 55 with 290,000?

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 $290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$23,948$23,735$23,526$23,323$23,125$22,658
2 years$11,855$11,635$11,421$11,213$11,012$10,544
3 years$7,825$7,603$7,390$7,184$6,986$6,531
4 years$5,810$5,589$5,378$5,176$4,983$4,544
5 years$4,602$4,382$4,174$3,976$3,788$3,367
6 years$3,796$3,578$3,373$3,179$2,997$2,595
7 years$3,221$3,005$2,803$2,614$2,438$2,054
8 years$2,790$2,576$2,377$2,193$2,022$1,657
9 years$2,455$2,243$2,047$1,868$1,703$1,356
10 years$2,187$1,977$1,785$1,610$1,451$1,121
11 years$1,968$1,760$1,571$1,401$1,248$936
12 years$1,786$1,580$1,395$1,229$1,081$786
13 years$1,631$1,427$1,246$1,085$943$664
14 years$1,499$1,298$1,120$963$827$564
15 years$1,385$1,185$1,011$859$728$480
16 years$1,285$1,088$916$769$643$410
17 years$1,197$1,002$834$691$570$352
18 years$1,118$925$761$623$507$302
19 years$1,048$858$697$563$452$260
20 years$986$797$640$510$404$224
21 years$929$742$588$463$361$193
22 years$877$693$542$421$324$167
23 years$830$648$501$383$291$144
24 years$787$607$463$349$261$125
25 years$748$570$429$319$235$108
26 years$711$536$398$292$212$94
27 years$678$504$369$267$191$81
28 years$646$475$343$245$172$71
29 years$617$448$319$224$156$61
30 years$590$423$298$206$141$53
31 years$565$400$277$189$127$46
32 years$541$379$259$174$115$40
33 years$519$358$242$160$104$35
34 years$499$340$226$147$94$30
35 years$479$322$211$135$85$26
36 years$461$306$198$125$77$23
37 years$443$291$185$115$70$20
38 years$427$276$173$106$64$17
39 years$411$263$162$98$58$15
40 years$396$250$152$90$52$13
41 years$382$238$143$83$47$11
42 years$369$226$134$77$43$10
43 years$357$216$125$71$39$9
44 years$345$206$118$65$35$8
45 years$333$196$111$60$32$7
46 years$322$187$104$56$29$6
47 years$312$179$98$51$27$5
48 years$302$170$92$48$24$4
49 years$292$163$86$44$22$4
50 years$283$155$81$41$20$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $290,000, adding $5,601 every year, while hoping to spend $23,330 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: 54/28/18 Blend
54$290,000$290,000$290,000$290,000
55$325,357$309,987$305,492$341,062
56$333,721$300,354$290,903$342,785
57$342,156$289,466$275,044$341,714
58$350,644$277,239$257,846$340,035
59$359,166$263,580$239,241$337,696
60$367,700$248,394$219,154$334,641
61$376,218$231,579$197,509$330,811
62$384,693$213,026$174,226$326,142
63$393,090$192,623$149,220$320,564
64$401,372$170,248$122,406$314,005
65$409,497$145,775$93,692$306,385
66$417,416$119,069$62,981$297,618
67$425,078$89,988$30,176$287,613
68$432,420$58,382$0$276,270
69$439,378$24,094$0$264,411
70$445,875$0$0$257,238
71$451,827$0$0$252,868
72$457,141$0$0$255,526
73$461,714$0$0$257,727
74$465,427$0$0$259,401
75$468,154$0$0$260,470
76$469,748$0$0$260,848
77$470,051$0$0$260,440
78$468,886$0$0$259,139
79$466,055$0$0$256,828
80$461,339$0$0$253,375
81$454,496$0$0$248,637
82$445,257$0$0$242,451
83$433,325$0$0$234,641
84$418,369$0$0$225,010
85$400,024$0$0$213,339
86$377,886$0$0$199,387
87$351,508$0$0$182,887
88$320,393$0$0$163,543
89$283,996$0$0$141,029
90$241,710$0$0$114,984
91$192,866$0$0$85,010
92$136,725$0$0$50,664
93$72,469$0$0$11,460
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0