Can I retire at age 55 with 372,000?

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 $372,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$30,719$30,446$30,179$29,918$29,664$28,841
2 years$15,208$14,924$14,650$14,384$14,126$13,303
3 years$10,038$9,753$9,479$9,216$8,962$8,165
4 years$7,453$7,170$6,899$6,639$6,392$5,627
5 years$5,903$5,621$5,354$5,100$4,859$4,128
6 years$4,870$4,590$4,327$4,078$3,845$3,148
7 years$4,132$3,855$3,595$3,353$3,127$2,465
8 years$3,579$3,304$3,049$2,813$2,594$1,967
9 years$3,149$2,877$2,626$2,396$2,184$1,591
10 years$2,805$2,536$2,290$2,065$1,861$1,301
11 years$2,524$2,258$2,016$1,797$1,601$1,072
12 years$2,290$2,026$1,789$1,577$1,387$890
13 years$2,093$1,831$1,598$1,392$1,210$742
14 years$1,923$1,664$1,436$1,236$1,060$622
15 years$1,776$1,520$1,297$1,102$934$523
16 years$1,648$1,395$1,176$987$825$441
17 years$1,535$1,285$1,070$886$732$372
18 years$1,435$1,187$976$799$651$315
19 years$1,345$1,100$894$722$580$267
20 years$1,264$1,022$820$654$518$227
21 years$1,191$952$755$593$463$193
22 years$1,125$889$695$539$415$164
23 years$1,065$831$642$491$373$140
24 years$1,010$779$594$448$335$119
25 years$959$731$550$409$302$102
26 years$912$687$510$374$272$87
27 years$869$647$474$343$245$74
28 years$829$609$440$314$221$63
29 years$792$575$410$288$200$54
30 years$757$543$382$264$180$46
31 years$725$513$356$243$163$40
32 years$695$486$332$223$147$34
33 years$666$460$310$205$133$29
34 years$640$436$290$189$121$25
35 years$614$413$271$174$109$21
36 years$591$392$253$160$99$18
37 years$569$373$237$147$90$16
38 years$547$354$222$136$81$13
39 years$527$337$208$125$74$11
40 years$509$320$195$115$67$10
41 years$491$305$183$107$61$8
42 years$474$290$172$98$55$7
43 years$457$277$161$91$50$6
44 years$442$264$151$84$45$5
45 years$427$252$142$77$41$4
46 years$413$240$133$72$37$4
47 years$400$229$125$66$34$3
48 years$387$219$118$61$31$3
49 years$375$209$111$56$28$2
50 years$363$199$104$52$25$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $372,000, adding $6,225 every year, while hoping to spend $29,742 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: 68/16/16 Blend
54$372,000$372,000$372,000$372,000
55$416,365$396,649$390,883$442,687
56$427,189$384,440$372,332$448,824
57$438,120$370,635$352,163$451,446
58$449,138$355,126$330,291$453,567
59$460,219$337,796$306,624$455,137
60$471,337$318,523$281,071$456,098
61$482,460$297,177$253,534$456,390
62$493,553$273,622$223,910$455,946
63$504,577$247,711$192,093$454,697
64$515,488$219,292$157,971$452,562
65$526,233$188,203$121,429$449,459
66$536,757$154,273$82,345$445,297
67$546,995$117,321$40,592$439,974
68$556,875$77,157$0$433,385
69$566,317$33,578$0$426,089
70$575,229$0$0$424,722
71$583,512$0$0$424,631
72$591,053$0$0$429,884
73$597,726$0$0$434,474
74$603,390$0$0$438,295
75$607,890$0$0$441,230
76$611,052$0$0$443,149
77$612,683$0$0$443,907
78$612,568$0$0$443,342
79$610,469$0$0$441,275
80$606,123$0$0$437,508
81$599,234$0$0$431,820
82$589,478$0$0$423,967
83$576,495$0$0$413,678
84$559,884$0$0$400,653
85$539,204$0$0$384,561
86$513,963$0$0$365,033
87$483,621$0$0$341,662
88$447,577$0$0$313,998
89$405,167$0$0$281,544
90$355,657$0$0$243,748
91$298,235$0$0$200,001
92$232,006$0$0$149,631
93$155,976$0$0$91,895
94$69,051$0$0$25,970
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