Can I retire at age 55 with 434,000?

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 $434,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$35,839$35,520$35,209$34,905$34,608$33,608
2 years$17,742$17,412$17,092$16,781$16,480$15,480
3 years$11,711$11,379$11,059$10,752$10,456$9,488
4 years$8,695$8,365$8,048$7,746$7,457$6,528
5 years$6,887$6,558$6,246$5,950$5,669$4,782
6 years$5,681$5,355$5,048$4,758$4,485$3,641
7 years$4,821$4,497$4,195$3,912$3,648$2,846
8 years$4,176$3,855$3,557$3,282$3,026$2,267
9 years$3,674$3,356$3,064$2,795$2,549$1,830
10 years$3,273$2,959$2,671$2,409$2,171$1,493
11 years$2,945$2,634$2,352$2,097$1,868$1,229
12 years$2,672$2,364$2,087$1,839$1,618$1,018
13 years$2,441$2,136$1,865$1,624$1,411$847
14 years$2,244$1,942$1,675$1,441$1,237$708
15 years$2,072$1,774$1,513$1,286$1,089$594
16 years$1,923$1,628$1,371$1,151$963$500
17 years$1,791$1,499$1,248$1,034$854$421
18 years$1,674$1,385$1,139$932$759$356
19 years$1,569$1,284$1,043$842$676$301
20 years$1,475$1,193$957$763$604$255
21 years$1,390$1,111$880$692$541$217
22 years$1,313$1,037$811$629$485$184
23 years$1,242$970$749$573$435$156
24 years$1,178$909$693$523$391$133
25 years$1,119$853$642$477$352$113
26 years$1,064$802$595$437$317$96
27 years$1,014$754$553$400$286$82
28 years$967$711$514$366$258$70
29 years$924$671$478$336$233$60
30 years$883$633$445$308$210$51
31 years$846$599$415$283$190$43
32 years$810$566$387$260$172$37
33 years$777$536$362$239$156$32
34 years$746$508$338$220$141$27
35 years$717$482$316$203$128$23
36 years$689$458$296$187$116$20
37 years$663$435$277$172$105$17
38 years$639$413$259$158$95$14
39 years$615$393$243$146$86$12
40 years$593$374$228$135$78$10
41 years$572$356$213$124$71$9
42 years$553$339$200$115$64$8
43 years$534$323$188$106$58$6
44 years$516$308$176$98$53$6
45 years$499$293$165$90$48$5
46 years$482$280$155$83$44$4
47 years$467$267$146$77$40$3
48 years$452$255$137$71$36$3
49 years$437$244$129$66$33$3
50 years$424$233$121$61$30$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $434,000, adding $4,047 every year, while hoping to spend $21,085 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: 49/33/18 Blend
54$434,000$434,000$434,000$434,000
55$482,442$459,440$452,713$503,471
56$509,217$459,519$445,445$518,524
57$538,017$458,894$437,227$532,381
58$569,024$457,510$428,004$546,983
59$602,443$455,306$417,720$562,406
60$638,495$452,219$406,316$578,739
61$677,424$448,180$393,731$596,079
62$719,499$443,119$379,898$614,532
63$765,014$436,958$364,751$634,220
64$814,293$429,617$348,218$655,277
65$867,693$421,010$330,226$677,851
66$925,606$411,048$310,696$702,108
67$988,463$399,634$289,549$728,234
68$1,056,737$386,667$266,700$756,433
69$1,130,949$372,039$242,060$786,932
70$1,211,674$355,636$215,536$819,986
71$1,299,541$337,339$187,034$855,875
72$1,395,246$317,020$156,451$894,912
73$1,499,552$294,545$123,683$937,443
74$1,613,299$269,771$88,619$983,852
75$1,737,414$242,548$51,147$1,034,566
76$1,872,915$212,718$11,145$1,090,058
77$2,020,923$180,112$0$1,150,851
78$2,182,672$144,552$0$1,223,586
79$2,359,522$105,852$0$1,305,525
80$2,552,968$63,814$0$1,395,266
81$2,764,658$18,228$0$1,493,624
82$2,996,406$0$0$1,601,504
83$3,250,209$0$0$1,731,205
84$3,528,268$0$0$1,880,600
85$3,833,004$0$0$2,044,377
86$4,167,087$0$0$2,223,976
87$4,533,454$0$0$2,420,983
88$4,935,343$0$0$2,637,144
89$5,376,317$0$0$2,874,384
90$5,860,304$0$0$3,134,823
91$6,391,630$0$0$3,420,795
92$6,975,058$0$0$3,734,872
93$7,615,838$0$0$4,079,888
94$8,319,751$0$0$4,458,962
95$9,093,166$0$0$4,875,535
96$9,943,101$0$0$5,333,393
97$10,877,287$0$0$5,836,710
98$11,904,238$0$0$6,390,084
99$13,033,339$0$0$6,998,581
100$14,274,927$0$0$7,667,779