Can I retire at age 55 with 427,000?

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 $427,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$35,261$34,947$34,641$34,342$34,050$32,789
2 years$17,456$17,131$16,816$16,510$16,214$14,959
3 years$11,522$11,195$10,881$10,578$10,287$9,076
4 years$8,555$8,230$7,919$7,621$7,337$6,179
5 years$6,776$6,452$6,145$5,854$5,577$4,476
6 years$5,590$5,269$4,966$4,681$4,413$3,369
7 years$4,743$4,425$4,127$3,849$3,589$2,602
8 years$4,108$3,793$3,500$3,229$2,977$2,047
9 years$3,615$3,302$3,015$2,750$2,507$1,632
10 years$3,220$2,911$2,628$2,371$2,136$1,314
11 years$2,898$2,591$2,314$2,063$1,837$1,066
12 years$2,629$2,326$2,053$1,810$1,592$871
13 years$2,402$2,102$1,835$1,598$1,388$715
14 years$2,207$1,911$1,648$1,418$1,217$589
15 years$2,039$1,745$1,488$1,265$1,072$487
16 years$1,892$1,601$1,349$1,132$947$403
17 years$1,762$1,475$1,228$1,018$840$335
18 years$1,647$1,363$1,121$917$747$279
19 years$1,544$1,263$1,026$829$666$232
20 years$1,451$1,174$942$750$594$193
21 years$1,368$1,093$866$681$532$162
22 years$1,292$1,020$798$619$477$135
23 years$1,222$954$737$564$428$113
24 years$1,159$894$682$514$385$94
25 years$1,101$839$631$470$346$79
26 years$1,047$789$586$430$312$66
27 years$998$742$544$393$281$55
28 years$952$699$505$360$254$46
29 years$909$660$470$330$229$39
30 years$869$623$438$303$207$33
31 years$832$589$408$278$187$27
32 years$797$557$381$256$169$23
33 years$765$528$356$235$153$19
34 years$734$500$332$216$139$16
35 years$705$474$311$199$126$13
36 years$678$450$291$184$114$11
37 years$653$428$272$169$103$9
38 years$628$407$255$156$94$8
39 years$605$387$239$144$85$7
40 years$584$368$224$133$77$6
41 years$563$350$210$122$70$5
42 years$544$333$197$113$63$4
43 years$525$318$185$104$57$3
44 years$507$303$173$96$52$3
45 years$490$289$163$89$47$2
46 years$474$275$153$82$43$2
47 years$459$263$144$76$39$2
48 years$444$251$135$70$35$1
49 years$430$240$127$65$32$1
50 years$417$229$119$60$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $427,000, adding $5,982 every year, while hoping to spend $29,300 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: 48/47/5 Blend
54$427,000$427,000$427,000$427,000
55$476,724$454,093$447,475$498,719
56$494,175$445,169$431,290$505,464
57$512,424$434,825$413,582$509,175
58$531,522$422,962$394,267$512,504
59$551,522$409,472$373,260$515,424
60$572,485$394,244$350,471$517,906
61$594,474$377,157$325,808$519,921
62$617,559$358,087$299,172$521,438
63$641,816$336,900$270,460$522,426
64$667,328$313,454$239,566$522,855
65$694,183$287,600$206,379$522,691
66$722,479$259,182$170,782$521,904
67$752,322$228,032$132,654$520,460
68$783,827$193,975$91,867$518,328
69$817,122$156,824$48,288$515,476
70$852,343$116,383$1,780$511,872
71$889,640$72,444$0$507,488
72$929,178$24,788$0$504,846
73$971,136$0$0$501,633
74$1,015,710$0$0$511,607
75$1,063,115$0$0$535,874
76$1,113,584$0$0$561,736
77$1,167,375$0$0$589,329
78$1,224,770$0$0$618,802
79$1,286,076$0$0$650,315
80$1,351,631$0$0$684,047
81$1,421,805$0$0$720,192
82$1,497,005$0$0$758,966
83$1,577,676$0$0$800,601
84$1,664,306$0$0$845,357
85$1,757,433$0$0$893,515
86$1,857,645$0$0$945,386
87$1,965,588$0$0$1,001,310
88$2,081,973$0$0$1,061,664
89$2,207,580$0$0$1,126,857
90$2,343,266$0$0$1,197,342
91$2,489,973$0$0$1,273,616
92$2,648,737$0$0$1,356,227
93$2,820,695$0$0$1,445,773
94$3,007,100$0$0$1,542,916
95$3,209,327$0$0$1,648,383
96$3,428,889$0$0$1,762,972
97$3,667,451$0$0$1,887,562
98$3,926,844$0$0$2,023,121
99$4,209,082$0$0$2,170,712
100$4,516,383$0$0$2,331,507