Can I retire at age 55 with 437,000?

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 $437,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$36,087$35,766$35,452$35,146$34,847$34,185
2 years$17,865$17,532$17,210$16,897$16,594$15,930
3 years$11,792$11,457$11,136$10,826$10,528$9,882
4 years$8,756$8,422$8,104$7,800$7,509$6,886
5 years$6,934$6,603$6,289$5,991$5,708$5,111
6 years$5,721$5,392$5,082$4,791$4,516$3,945
7 years$4,854$4,528$4,224$3,939$3,673$3,127
8 years$4,204$3,882$3,582$3,304$3,047$2,527
9 years$3,699$3,380$3,085$2,814$2,566$2,072
10 years$3,296$2,979$2,690$2,426$2,186$1,717
11 years$2,966$2,652$2,368$2,111$1,880$1,435
12 years$2,691$2,380$2,101$1,852$1,630$1,208
13 years$2,458$2,151$1,878$1,635$1,421$1,023
14 years$2,259$1,955$1,687$1,451$1,246$870
15 years$2,087$1,786$1,523$1,294$1,097$742
16 years$1,936$1,639$1,381$1,159$969$636
17 years$1,803$1,509$1,257$1,041$859$546
18 years$1,685$1,395$1,147$938$764$470
19 years$1,580$1,293$1,050$848$681$405
20 years$1,485$1,201$964$768$608$350
21 years$1,400$1,119$886$697$544$303
22 years$1,322$1,044$817$634$488$262
23 years$1,251$977$754$577$438$227
24 years$1,186$915$698$526$394$197
25 years$1,127$859$646$481$354$171
26 years$1,072$807$599$440$319$149
27 years$1,021$760$556$402$288$129
28 years$974$716$517$369$260$112
29 years$930$675$481$338$234$98
30 years$890$638$448$310$212$85
31 years$852$603$418$285$192$74
32 years$816$570$390$262$173$65
33 years$783$540$364$241$157$56
34 years$751$512$340$222$142$49
35 years$722$486$318$204$129$43
36 years$694$461$298$188$116$37
37 years$668$438$279$173$106$32
38 years$643$416$261$160$96$28
39 years$620$396$244$147$87$25
40 years$597$376$229$136$79$22
41 years$576$358$215$125$71$19
42 years$556$341$201$116$65$16
43 years$537$325$189$107$59$14
44 years$519$310$177$98$53$12
45 years$502$296$167$91$48$11
46 years$485$282$157$84$44$9
47 years$470$269$147$78$40$8
48 years$455$257$138$72$36$7
49 years$440$245$130$66$33$6
50 years$427$234$122$61$30$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $437,000, adding $3,186 every year, while hoping to spend $26,581 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: 32/50/18 Blend
54$437,000$437,000$437,000$437,000
55$484,860$461,699$454,926$497,565
56$506,034$456,041$441,884$501,631
57$528,477$449,214$427,514$503,348
58$552,290$441,133$411,744$504,632
59$577,583$431,709$394,498$505,460
60$604,479$420,846$375,696$505,810
61$633,110$408,441$355,256$505,662
62$663,621$394,388$333,091$504,993
63$696,171$378,574$309,110$503,783
64$730,934$360,878$283,219$502,014
65$768,102$341,173$255,318$499,667
66$807,882$319,324$225,306$496,727
67$850,506$295,191$193,073$493,180
68$896,224$268,621$158,507$489,015
69$945,312$239,458$121,491$484,225
70$998,075$207,531$81,901$478,805
71$1,054,843$172,666$39,610$472,757
72$1,115,984$134,673$0$466,085
73$1,181,898$93,355$0$459,862
74$1,253,025$48,504$0$461,234
75$1,329,851$0$0$462,641
76$1,412,907$0$0$464,203
77$1,502,778$0$0$494,823
78$1,600,107$0$0$528,039
79$1,705,601$0$0$564,099
80$1,820,037$0$0$603,277
81$1,944,271$0$0$645,873
82$2,079,242$0$0$692,217
83$2,225,984$0$0$742,673
84$2,385,637$0$0$797,640
85$2,559,450$0$0$857,559
86$2,748,803$0$0$922,915
87$2,955,211$0$0$994,240
88$3,180,342$0$0$1,072,122
89$3,426,034$0$0$1,157,207
90$3,694,306$0$0$1,250,206
91$3,987,385$0$0$1,351,902
92$4,307,721$0$0$1,463,157
93$4,658,010$0$0$1,584,922
94$5,041,221$0$0$1,718,241
95$5,460,626$0$0$1,864,265
96$5,919,823$0$0$2,024,263
97$6,422,778$0$0$2,199,631
98$6,973,857$0$0$2,391,907
99$7,577,869$0$0$2,602,784
100$8,240,110$0$0$2,834,128