Can I retire at age 55 with 460,000?

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 $460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$37,986$37,648$37,318$36,996$36,681$35,679
2 years$18,805$18,455$18,115$17,786$17,467$16,464
3 years$12,412$12,060$11,722$11,396$11,082$10,110
4 years$9,216$8,866$8,531$8,210$7,904$6,971
5 years$7,299$6,951$6,620$6,306$6,008$5,117
6 years$6,022$5,676$5,350$5,043$4,754$3,905
7 years$5,110$4,767$4,446$4,146$3,866$3,059
8 years$4,426$4,086$3,770$3,478$3,208$2,442
9 years$3,894$3,557$3,247$2,963$2,701$1,977
10 years$3,469$3,136$2,831$2,554$2,302$1,617
11 years$3,122$2,792$2,493$2,223$1,979$1,334
12 years$2,832$2,506$2,212$1,949$1,715$1,107
13 years$2,588$2,264$1,976$1,721$1,496$924
14 years$2,378$2,058$1,776$1,528$1,311$775
15 years$2,197$1,880$1,603$1,363$1,154$652
16 years$2,038$1,725$1,454$1,220$1,020$550
17 years$1,898$1,589$1,323$1,096$905$465
18 years$1,774$1,468$1,207$988$804$394
19 years$1,663$1,361$1,105$893$717$335
20 years$1,563$1,264$1,014$808$640$284
21 years$1,473$1,178$933$734$573$242
22 years$1,391$1,099$860$667$514$206
23 years$1,317$1,028$794$608$461$176
24 years$1,249$963$734$554$414$150
25 years$1,186$904$680$506$373$128
26 years$1,128$850$631$463$336$109
27 years$1,075$800$586$424$303$94
28 years$1,025$753$545$388$273$80
29 years$979$711$507$356$247$68
30 years$936$671$472$327$223$59
31 years$896$635$440$300$202$50
32 years$859$600$411$276$182$43
33 years$824$569$383$253$165$37
34 years$791$539$358$233$149$31
35 years$760$511$335$215$135$27
36 years$731$485$313$198$123$23
37 years$703$461$293$182$111$20
38 years$677$438$275$168$101$17
39 years$652$416$257$155$91$14
40 years$629$396$241$143$83$12
41 years$607$377$226$132$75$11
42 years$586$359$212$122$68$9
43 years$566$342$199$112$62$8
44 years$547$326$187$104$56$7
45 years$528$311$175$96$51$6
46 years$511$297$165$88$46$5
47 years$495$283$155$82$42$4
48 years$479$270$145$75$38$4
49 years$464$258$137$70$35$3
50 years$449$247$129$64$32$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $460,000, adding $4,362 every year, while hoping to spend $33,241 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: 59/14/27 Blend
54$460,000$460,000$460,000$460,000
55$511,419$487,039$479,909$537,615
56$528,216$475,536$460,618$544,497
57$545,612$462,355$439,567$548,082
58$563,633$447,379$416,661$551,295
59$582,306$430,484$391,802$554,109
60$601,662$411,538$364,888$556,494
61$621,731$390,403$335,811$558,420
62$642,546$366,930$304,459$559,857
63$664,141$340,966$270,714$560,771
64$686,556$312,346$234,455$561,128
65$709,829$280,895$195,554$560,894
66$734,003$246,430$153,876$560,032
67$759,123$208,757$109,283$558,505
68$785,239$167,671$61,629$556,272
69$812,402$122,956$10,762$553,295
70$840,668$74,382$0$549,532
71$870,098$21,709$0$557,478
72$900,755$0$0$568,676
73$932,710$0$0$585,467
74$966,036$0$0$606,475
75$1,000,815$0$0$628,406
76$1,037,133$0$0$651,317
77$1,075,083$0$0$675,267
78$1,114,768$0$0$700,322
79$1,156,296$0$0$726,552
80$1,199,787$0$0$754,033
81$1,245,369$0$0$782,849
82$1,293,180$0$0$813,089
83$1,343,373$0$0$844,850
84$1,396,112$0$0$878,240
85$1,451,576$0$0$913,372
86$1,509,958$0$0$950,373
87$1,571,470$0$0$989,378
88$1,636,342$0$0$1,030,538
89$1,704,826$0$0$1,074,013
90$1,777,195$0$0$1,119,981
91$1,853,747$0$0$1,168,636
92$1,934,809$0$0$1,220,186
93$2,020,737$0$0$1,274,865
94$2,111,919$0$0$1,332,922
95$2,208,782$0$0$1,394,634
96$2,311,790$0$0$1,460,301
97$2,421,453$0$0$1,530,254
98$2,538,329$0$0$1,604,854
99$2,663,027$0$0$1,684,497
100$2,796,216$0$0$1,769,615