Can I retire at age 55 with 447,000?

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 $447,000?

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$36,913$36,584$36,263$35,950$35,644$34,968
2 years$18,274$17,933$17,604$17,284$16,974$16,294
3 years$12,061$11,720$11,391$11,074$10,769$10,108
4 years$8,956$8,615$8,289$7,978$7,680$7,044
5 years$7,093$6,754$6,433$6,128$5,838$5,227
6 years$5,852$5,515$5,199$4,901$4,620$4,035
7 years$4,965$4,632$4,320$4,029$3,757$3,199
8 years$4,301$3,970$3,664$3,380$3,117$2,585
9 years$3,784$3,457$3,156$2,879$2,625$2,119
10 years$3,371$3,047$2,751$2,482$2,237$1,756
11 years$3,033$2,713$2,422$2,160$1,923$1,468
12 years$2,752$2,435$2,150$1,894$1,667$1,236
13 years$2,514$2,200$1,921$1,672$1,454$1,046
14 years$2,311$2,000$1,726$1,485$1,274$890
15 years$2,135$1,827$1,558$1,324$1,122$759
16 years$1,980$1,676$1,413$1,186$992$650
17 years$1,845$1,544$1,285$1,065$879$558
18 years$1,724$1,427$1,173$960$782$481
19 years$1,616$1,322$1,074$867$697$414
20 years$1,519$1,229$986$786$622$358
21 years$1,432$1,144$907$713$557$310
22 years$1,352$1,068$836$648$499$268
23 years$1,280$999$772$590$448$232
24 years$1,213$936$714$538$403$202
25 years$1,152$878$661$492$362$175
26 years$1,096$826$613$450$326$152
27 years$1,044$777$569$412$294$132
28 years$996$732$529$377$266$115
29 years$952$691$492$346$240$100
30 years$910$652$459$317$217$87
31 years$871$617$428$291$196$76
32 years$835$583$399$268$177$66
33 years$801$553$373$246$160$58
34 years$768$524$348$227$145$50
35 years$738$497$325$209$132$44
36 years$710$471$304$192$119$38
37 years$683$448$285$177$108$33
38 years$658$426$267$163$98$29
39 years$634$405$250$150$89$25
40 years$611$385$234$139$81$22
41 years$590$366$220$128$73$19
42 years$569$349$206$118$66$17
43 years$550$333$193$109$60$15
44 years$531$317$182$101$55$13
45 years$513$302$170$93$50$11
46 years$497$288$160$86$45$10
47 years$481$275$150$79$41$8
48 years$465$263$141$73$37$7
49 years$450$251$133$68$34$6
50 years$436$240$125$63$31$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $447,000, adding $6,071 every year, while hoping to spend $23,282 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: 67/16/17 Blend
54$447,000$447,000$447,000$447,000
55$498,856$475,165$468,237$529,831
56$524,968$473,676$459,151$549,805
57$552,962$471,334$448,980$568,359
58$583,007$468,073$437,664$588,072
59$615,287$463,821$425,138$609,059
60$650,002$458,504$411,337$631,444
61$687,375$452,044$396,189$655,365
62$727,649$444,356$379,623$680,974
63$771,091$435,351$361,563$708,442
64$817,995$424,936$341,927$737,954
65$868,683$413,010$320,634$769,718
66$923,509$399,468$297,596$803,962
67$982,864$384,198$272,722$840,940
68$1,047,175$367,083$245,917$880,931
69$1,116,913$347,997$217,082$924,245
70$1,192,598$326,808$186,114$971,224
71$1,274,797$303,376$152,903$1,022,246
72$1,364,138$277,554$117,337$1,077,730
73$1,461,311$249,184$79,299$1,138,136
74$1,567,073$218,102$38,663$1,203,976
75$1,682,259$184,134$0$1,275,815
76$1,807,787$147,095$0$1,355,128
77$1,944,668$106,789$0$1,449,292
78$2,094,015$63,012$0$1,552,073
79$2,257,051$15,546$0$1,664,337
80$2,435,124$0$0$1,787,042
81$2,629,718$0$0$1,927,552
82$2,842,467$0$0$2,084,189
83$3,075,168$0$0$2,255,545
84$3,329,802$0$0$2,443,079
85$3,608,549$0$0$2,648,403
86$3,913,810$0$0$2,873,287
87$4,248,229$0$0$3,119,684
88$4,614,718$0$0$3,389,744
89$5,016,483$0$0$3,685,833
90$5,457,057$0$0$4,010,558
91$5,940,330$0$0$4,366,792
92$6,470,587$0$0$4,757,696
93$7,052,546$0$0$5,186,757
94$7,691,407$0$0$5,657,810
95$8,392,896$0$0$6,175,084
96$9,163,321$0$0$6,743,235
97$10,009,632$0$0$7,367,394
98$10,939,483$0$0$8,053,213
99$11,961,309$0$0$8,806,916
100$13,084,399$0$0$9,635,364