Can I retire at age 55 with 377,000?

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 $377,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$31,132$30,855$30,584$30,320$30,063$29,848
2 years$15,412$15,125$14,847$14,577$14,315$14,099
3 years$10,173$9,884$9,607$9,340$9,082$8,871
4 years$7,553$7,266$6,991$6,729$6,478$6,273
5 years$5,982$5,697$5,426$5,168$4,924$4,726
6 years$4,935$4,652$4,385$4,133$3,896$3,706
7 years$4,188$3,907$3,644$3,398$3,169$2,986
8 years$3,627$3,349$3,090$2,851$2,629$2,453
9 years$3,192$2,916$2,662$2,428$2,214$2,046
10 years$2,843$2,570$2,320$2,093$1,886$1,726
11 years$2,558$2,288$2,043$1,822$1,622$1,469
12 years$2,321$2,053$1,813$1,598$1,406$1,260
13 years$2,121$1,856$1,620$1,411$1,226$1,087
14 years$1,949$1,687$1,455$1,252$1,075$942
15 years$1,800$1,541$1,314$1,117$946$820
16 years$1,670$1,414$1,191$1,000$836$717
17 years$1,556$1,302$1,084$898$741$628
18 years$1,454$1,203$990$810$659$552
19 years$1,363$1,115$906$732$588$486
20 years$1,281$1,036$831$663$525$429
21 years$1,207$965$765$601$470$379
22 years$1,140$901$705$547$421$336
23 years$1,079$843$651$498$378$297
24 years$1,023$789$602$454$340$264
25 years$972$741$557$415$306$234
26 years$925$696$517$379$275$208
27 years$881$655$480$347$248$185
28 years$840$618$446$318$224$165
29 years$803$583$415$292$202$147
30 years$767$550$387$268$183$131
31 years$735$520$361$246$165$117
32 years$704$492$337$226$149$104
33 years$675$466$314$208$135$93
34 years$648$442$294$191$122$83
35 years$623$419$274$176$111$74
36 years$599$398$257$162$101$66
37 years$576$378$240$149$91$59
38 years$555$359$225$138$83$53
39 years$535$341$211$127$75$47
40 years$515$325$198$117$68$42
41 years$497$309$185$108$62$38
42 years$480$294$174$100$56$34
43 years$464$280$163$92$51$30
44 years$448$267$153$85$46$27
45 years$433$255$144$78$42$24
46 years$419$243$135$72$38$22
47 years$405$232$127$67$34$19
48 years$392$222$119$62$31$17
49 years$380$212$112$57$28$16
50 years$368$202$105$53$26$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $377,000, adding $3,350 every year, while hoping to spend $21,066 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: 76/10/14 Blend
54$377,000$377,000$377,000$377,000
55$418,910$398,929$393,085$449,267
56$439,224$396,062$383,839$466,896
57$460,905$392,349$373,578$483,242
58$484,069$387,726$362,244$500,580
59$508,844$382,125$349,780$519,005
60$535,372$375,474$336,123$538,616
61$563,806$367,699$321,209$559,526
62$594,316$358,718$304,972$581,859
63$627,088$348,446$287,339$605,751
64$662,325$336,794$268,239$631,354
65$700,251$323,666$247,595$658,832
66$741,112$308,961$225,325$688,371
67$785,179$292,574$201,346$720,173
68$832,747$274,390$175,571$754,462
69$884,143$254,290$147,908$791,485
70$939,724$232,149$118,262$831,516
71$999,885$207,834$86,533$874,855
72$1,065,058$181,202$52,617$921,836
73$1,135,719$152,106$16,404$972,825
74$1,212,391$120,388$0$1,028,228
75$1,295,650$85,882$0$1,091,815
76$1,386,128$48,413$0$1,163,589
77$1,484,523$7,794$0$1,241,660
78$1,591,599$0$0$1,326,649
79$1,708,200$0$0$1,423,220
80$1,835,254$0$0$1,529,396
81$1,973,781$0$0$1,645,174
82$2,124,905$0$0$1,771,494
83$2,289,862$0$0$1,909,392
84$2,470,013$0$0$2,060,007
85$2,666,858$0$0$2,224,595
86$2,882,045$0$0$2,404,536
87$3,117,390$0$0$2,601,352
88$3,374,895$0$0$2,816,717
89$3,656,760$0$0$3,052,475
90$3,965,410$0$0$3,310,657
91$4,303,517$0$0$3,593,498
92$4,674,019$0$0$3,903,462
93$5,080,156$0$0$4,243,259
94$5,525,495$0$0$4,615,878
95$6,013,965$0$0$5,024,608
96$6,549,891$0$0$5,473,073
97$7,138,041$0$0$5,965,264
98$7,783,664$0$0$6,505,577
99$8,492,543$0$0$7,098,855
100$9,271,049$0$0$7,750,434