Can I retire at age 55 with 462,000?

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 $462,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$38,152$37,812$37,480$37,157$36,841$36,052
2 years$18,887$18,535$18,194$17,864$17,543$16,753
3 years$12,466$12,113$11,773$11,445$11,130$10,363
4 years$9,256$8,904$8,568$8,246$7,938$7,199
5 years$7,331$6,981$6,649$6,334$6,034$5,326
6 years$6,048$5,701$5,373$5,065$4,775$4,098
7 years$5,132$4,787$4,465$4,164$3,883$3,238
8 years$4,445$4,104$3,787$3,493$3,221$2,607
9 years$3,911$3,573$3,262$2,975$2,713$2,130
10 years$3,484$3,149$2,844$2,565$2,312$1,758
11 years$3,135$2,804$2,503$2,232$1,988$1,464
12 years$2,845$2,516$2,222$1,958$1,723$1,228
13 years$2,599$2,274$1,985$1,729$1,502$1,035
14 years$2,388$2,067$1,783$1,534$1,317$877
15 years$2,206$1,888$1,610$1,368$1,160$745
16 years$2,047$1,733$1,460$1,225$1,025$636
17 years$1,906$1,596$1,328$1,101$909$543
18 years$1,782$1,474$1,213$992$808$466
19 years$1,670$1,366$1,110$896$720$400
20 years$1,570$1,270$1,019$812$643$344
21 years$1,480$1,183$937$737$576$296
22 years$1,398$1,104$864$670$516$255
23 years$1,323$1,033$798$610$463$220
24 years$1,254$967$738$557$416$190
25 years$1,191$908$683$508$375$164
26 years$1,133$853$634$465$337$142
27 years$1,079$803$588$425$304$123
28 years$1,030$757$547$390$274$106
29 years$983$714$509$357$248$92
30 years$940$674$474$328$224$80
31 years$900$637$442$301$202$69
32 years$863$603$412$277$183$60
33 years$827$571$385$255$166$52
34 years$794$541$360$234$150$45
35 years$763$513$336$216$136$39
36 years$734$487$315$199$123$34
37 years$706$463$294$183$112$29
38 years$680$440$276$169$101$25
39 years$655$418$258$156$92$22
40 years$632$398$242$143$83$19
41 years$609$379$227$132$76$17
42 years$588$361$213$122$69$14
43 years$568$344$200$113$62$13
44 years$549$328$188$104$56$11
45 years$531$312$176$96$51$9
46 years$513$298$165$89$47$8
47 years$497$284$155$82$42$7
48 years$481$272$146$76$38$6
49 years$466$259$137$70$35$5
50 years$451$248$129$65$32$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $462,000, adding $5,401 every year, while hoping to spend $27,392 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: 43/47/10 Blend
54$462,000$462,000$462,000$462,000
55$514,695$490,209$483,048$535,113
56$538,049$485,085$470,085$544,752
57$562,867$478,791$455,770$551,994
58$589,270$471,242$440,029$559,223
59$617,389$462,346$422,783$566,447
60$647,368$452,006$403,952$573,680
61$679,366$440,121$383,451$580,937
62$713,555$426,581$361,190$588,238
63$750,126$411,272$337,079$595,605
64$789,287$394,072$311,019$603,068
65$831,266$374,853$282,909$610,662
66$876,312$353,478$252,644$618,427
67$924,702$329,804$220,113$626,411
68$976,736$303,679$185,202$634,670
69$1,032,745$274,942$147,788$643,269
70$1,093,094$243,422$107,747$652,284
71$1,158,180$208,941$64,948$661,802
72$1,228,444$171,309$19,253$671,923
73$1,304,367$130,324$0$682,762
74$1,386,478$85,776$0$697,600
75$1,475,360$37,441$0$715,834
76$1,571,654$0$0$735,594
77$1,676,062$0$0$764,807
78$1,789,359$0$0$817,567
79$1,912,395$0$0$874,914
80$2,046,108$0$0$937,290
81$2,191,528$0$0$1,005,181
82$2,349,786$0$0$1,079,125
83$2,522,131$0$0$1,159,710
84$2,709,934$0$0$1,247,586
85$2,914,704$0$0$1,343,468
86$3,138,105$0$0$1,448,141
87$3,381,965$0$0$1,562,472
88$3,648,297$0$0$1,687,413
89$3,939,319$0$0$1,824,013
90$4,257,470$0$0$1,973,428
91$4,605,437$0$0$2,136,929
92$4,986,178$0$0$2,315,917
93$5,402,951$0$0$2,511,934
94$5,859,343$0$0$2,726,678
95$6,359,303$0$0$2,962,019
96$6,907,182$0$0$3,220,018
97$7,507,770$0$0$3,502,943
98$8,166,344$0$0$3,813,292
99$8,888,715$0$0$4,153,818
100$9,681,284$0$0$4,527,551