Can I retire at age 55 with 360,000?

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 $360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$29,728$29,464$29,205$28,953$28,707$28,372
2 years$14,717$14,443$14,177$13,920$13,670$13,333
3 years$9,714$9,439$9,174$8,919$8,673$8,344
4 years$7,213$6,938$6,676$6,425$6,186$5,867
5 years$5,713$5,440$5,181$4,935$4,702$4,396
6 years$4,713$4,442$4,187$3,947$3,721$3,426
7 years$3,999$3,730$3,479$3,245$3,026$2,744
8 years$3,464$3,198$2,951$2,722$2,510$2,240
9 years$3,048$2,784$2,542$2,319$2,114$1,856
10 years$2,715$2,454$2,216$1,999$1,801$1,555
11 years$2,443$2,185$1,951$1,739$1,549$1,315
12 years$2,217$1,961$1,731$1,526$1,342$1,120
13 years$2,025$1,772$1,547$1,347$1,171$959
14 years$1,861$1,611$1,390$1,196$1,026$826
15 years$1,719$1,471$1,255$1,066$904$713
16 years$1,595$1,350$1,138$955$799$619
17 years$1,486$1,243$1,035$858$708$538
18 years$1,388$1,149$945$773$630$469
19 years$1,302$1,065$865$699$561$410
20 years$1,224$989$794$633$501$359
21 years$1,153$922$730$574$449$315
22 years$1,089$860$673$522$402$276
23 years$1,031$805$621$475$361$243
24 years$977$754$575$434$324$214
25 years$928$707$532$396$292$188
26 years$883$665$494$362$263$166
27 years$841$626$458$331$237$146
28 years$802$590$426$304$214$129
29 years$766$556$397$278$193$114
30 years$733$525$369$256$175$101
31 years$701$497$344$235$158$89
32 years$672$470$321$216$143$79
33 years$645$445$300$198$129$70
34 years$619$422$280$183$117$62
35 years$595$400$262$168$106$54
36 years$572$380$245$155$96$48
37 years$550$361$229$143$87$43
38 years$530$343$215$131$79$38
39 years$510$326$201$121$72$33
40 years$492$310$189$112$65$30
41 years$475$295$177$103$59$26
42 years$458$281$166$95$53$23
43 years$443$268$156$88$48$21
44 years$428$255$146$81$44$18
45 years$414$243$137$75$40$16
46 years$400$232$129$69$36$14
47 years$387$222$121$64$33$13
48 years$375$212$114$59$30$11
49 years$363$202$107$55$27$10
50 years$351$193$101$50$25$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $360,000, adding $6,642 every year, while hoping to spend $21,994 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: 23/48/29 Blend
54$360,000$360,000$360,000$360,000
55$403,571$384,491$378,911$409,065
56$421,334$379,930$368,203$409,776
57$440,172$374,408$356,400$408,275
58$460,170$367,855$343,440$406,203
59$481,424$360,196$329,262$403,529
60$504,037$351,354$313,800$400,219
61$528,122$341,243$296,985$396,241
62$553,803$329,777$278,747$391,559
63$581,215$316,860$259,009$386,138
64$610,508$302,395$237,695$379,942
65$641,844$286,276$214,721$372,937
66$675,401$268,393$190,004$365,085
67$711,376$248,629$163,453$356,350
68$749,984$226,859$134,976$346,698
69$791,460$202,953$104,476$336,093
70$836,064$176,772$71,851$324,500
71$884,079$148,171$36,994$311,886
72$935,818$116,994$0$298,219
73$991,623$83,079$0$283,533
74$1,051,872$46,253$0$279,958
75$1,116,978$6,334$0$276,047
76$1,187,396$0$0$271,818
77$1,263,626$0$0$286,771
78$1,346,218$0$0$306,649
79$1,435,775$0$0$328,259
80$1,532,963$0$0$351,769
81$1,638,512$0$0$377,364
82$1,753,227$0$0$405,244
83$1,877,992$0$0$435,635
84$2,013,779$0$0$468,780
85$2,161,661$0$0$504,950
86$2,322,814$0$0$544,444
87$2,498,536$0$0$587,587
88$2,690,253$0$0$634,740
89$2,899,537$0$0$686,301
90$3,128,116$0$0$742,705
91$3,377,895$0$0$804,434
92$3,650,969$0$0$872,018
93$3,949,644$0$0$946,039
94$4,276,462$0$0$1,027,141
95$4,634,221$0$0$1,116,030
96$5,025,999$0$0$1,213,486
97$5,455,191$0$0$1,320,366
98$5,925,531$0$0$1,437,616
99$6,441,133$0$0$1,566,276
100$7,006,530$0$0$1,707,493