Can I retire at age 55 with 387,000?

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 $387,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$31,958$31,673$31,396$31,125$30,860$29,896
2 years$15,821$15,526$15,241$14,964$14,695$13,733
3 years$10,442$10,147$9,862$9,587$9,323$8,392
4 years$7,754$7,459$7,177$6,907$6,649$5,757
5 years$6,141$5,848$5,569$5,305$5,055$4,204
6 years$5,066$4,775$4,501$4,243$4,000$3,190
7 years$4,299$4,010$3,740$3,488$3,253$2,485
8 years$3,723$3,437$3,172$2,926$2,699$1,972
9 years$3,276$2,993$2,732$2,492$2,273$1,587
10 years$2,919$2,638$2,382$2,149$1,936$1,290
11 years$2,626$2,349$2,097$1,870$1,665$1,057
12 years$2,383$2,108$1,861$1,640$1,443$872
13 years$2,177$1,905$1,663$1,448$1,258$723
14 years$2,001$1,732$1,494$1,285$1,103$602
15 years$1,848$1,582$1,349$1,146$971$503
16 years$1,715$1,451$1,223$1,026$858$421
17 years$1,597$1,337$1,113$922$761$354
18 years$1,493$1,235$1,016$831$677$297
19 years$1,399$1,145$930$751$603$251
20 years$1,315$1,064$853$680$539$211
21 years$1,239$991$785$617$482$179
22 years$1,171$925$724$561$432$151
23 years$1,108$865$668$511$388$128
24 years$1,050$810$618$466$349$108
25 years$998$761$572$426$314$92
26 years$949$715$531$389$283$78
27 years$904$673$493$356$255$66
28 years$863$634$458$326$230$56
29 years$824$598$426$299$208$47
30 years$788$565$397$275$188$40
31 years$754$534$370$252$170$34
32 years$723$505$345$232$153$29
33 years$693$478$323$213$139$25
34 years$665$453$301$196$126$21
35 years$639$430$282$181$114$18
36 years$615$408$264$166$103$15
37 years$591$388$247$153$94$13
38 years$570$368$231$141$85$11
39 years$549$350$216$130$77$9
40 years$529$333$203$120$70$8
41 years$510$317$190$111$63$7
42 years$493$302$178$102$57$6
43 years$476$288$167$94$52$5
44 years$460$274$157$87$47$4
45 years$445$262$148$81$43$3
46 years$430$250$139$74$39$3
47 years$416$238$130$69$35$2
48 years$403$227$122$64$32$2
49 years$390$217$115$59$29$2
50 years$378$207$108$54$27$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $387,000, adding $5,054 every year, while hoping to spend $20,316 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: 59/12/29 Blend
54$387,000$387,000$387,000$387,000
55$431,687$411,176$405,178$453,476
56$454,103$409,708$397,135$467,488
57$478,125$407,486$388,142$480,183
58$503,894$404,454$378,146$493,613
59$531,568$400,548$367,090$507,856
60$561,316$395,704$354,916$522,996
61$593,329$389,852$341,564$539,129
62$627,811$382,917$326,969$556,362
63$664,991$374,823$311,065$574,812
64$705,116$365,486$293,783$594,610
65$748,462$354,819$275,049$615,901
66$795,330$342,729$254,787$638,847
67$846,049$329,118$232,918$663,626
68$900,983$313,883$209,358$690,437
69$960,534$296,913$184,021$719,500
70$1,025,139$278,093$156,817$751,060
71$1,095,283$257,299$127,650$785,386
72$1,171,497$234,402$96,422$822,780
73$1,254,366$209,265$63,029$863,572
74$1,344,535$181,742$27,364$908,131
75$1,442,711$151,681$0$956,865
76$1,549,674$118,919$0$1,013,535
77$1,666,280$83,286$0$1,084,582
78$1,793,475$44,601$0$1,162,119
79$1,932,296$2,673$0$1,246,798
80$2,083,888$0$0$1,339,337
81$2,249,508$0$0$1,446,166
82$2,430,543$0$0$1,563,354
83$2,628,519$0$0$1,691,540
84$2,845,115$0$0$1,831,817
85$3,082,181$0$0$1,985,385
86$3,341,754$0$0$2,153,569
87$3,626,078$0$0$2,337,826
88$3,937,621$0$0$2,539,762
89$4,279,105$0$0$2,761,145
90$4,653,525$0$0$3,003,923
91$5,064,182$0$0$3,270,240
92$5,514,709$0$0$3,562,459
93$6,009,111$0$0$3,883,182
94$6,551,797$0$0$4,235,274
95$7,147,623$0$0$4,621,895
96$7,801,942$0$0$5,046,522
97$8,520,647$0$0$5,512,986
98$9,310,232$0$0$6,025,508
99$10,177,849$0$0$6,588,739
100$11,131,380$0$0$7,207,802