Can I retire at age 55 with 467,000?

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 $467,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$38,564$38,221$37,886$37,559$37,239$36,835
2 years$19,091$18,736$18,391$18,057$17,733$17,326
3 years$12,601$12,244$11,900$11,569$11,251$10,853
4 years$9,357$9,001$8,660$8,335$8,024$7,640
5 years$7,410$7,057$6,721$6,402$6,100$5,729
6 years$6,113$5,762$5,431$5,120$4,826$4,471
7 years$5,187$4,839$4,514$4,209$3,925$3,584
8 years$4,493$4,148$3,828$3,531$3,256$2,930
9 years$3,953$3,612$3,297$3,008$2,742$2,430
10 years$3,522$3,183$2,874$2,593$2,337$2,039
11 years$3,169$2,834$2,531$2,256$2,010$1,726
12 years$2,875$2,544$2,246$1,979$1,741$1,472
13 years$2,627$2,299$2,006$1,747$1,519$1,262
14 years$2,414$2,089$1,803$1,551$1,331$1,088
15 years$2,230$1,909$1,628$1,383$1,172$941
16 years$2,069$1,751$1,476$1,239$1,036$817
17 years$1,927$1,613$1,343$1,113$918$712
18 years$1,801$1,490$1,226$1,003$817$622
19 years$1,688$1,381$1,122$906$728$544
20 years$1,587$1,284$1,030$821$650$477
21 years$1,496$1,196$947$745$582$419
22 years$1,413$1,116$873$677$522$368
23 years$1,337$1,044$806$617$468$324
24 years$1,268$978$746$563$421$286
25 years$1,204$918$691$514$379$252
26 years$1,145$863$640$470$341$222
27 years$1,091$812$595$430$308$196
28 years$1,041$765$553$394$277$174
29 years$994$722$514$361$251$154
30 years$951$681$479$332$226$136
31 years$910$644$447$304$205$120
32 years$872$610$417$280$185$106
33 years$836$577$389$257$168$94
34 years$803$547$364$237$152$84
35 years$771$519$340$218$137$74
36 years$742$493$318$201$124$66
37 years$714$468$298$185$113$58
38 years$687$445$279$170$102$52
39 years$662$423$261$157$93$46
40 years$638$402$245$145$84$41
41 years$616$383$230$134$76$36
42 years$595$365$215$123$69$32
43 years$574$347$202$114$63$28
44 years$555$331$190$105$57$25
45 years$536$316$178$97$52$22
46 years$519$301$167$90$47$20
47 years$502$287$157$83$43$18
48 years$486$274$148$77$39$16
49 years$471$262$139$71$35$14
50 years$456$250$130$65$32$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $467,000, adding $2,318 every year, while hoping to spend $35,065 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: 70/25/5 Blend
54$467,000$467,000$467,000$467,000
55$517,025$492,274$485,036$552,792
56$532,453$479,087$463,975$563,534
57$548,279$464,078$441,034$570,721
58$564,507$447,121$416,113$577,608
59$581,140$428,083$389,106$584,157
60$598,179$406,823$359,904$590,327
61$615,627$383,190$328,394$596,073
62$633,481$357,027$294,455$601,348
63$651,741$328,166$257,965$606,100
64$670,403$296,431$218,791$610,274
65$689,463$261,635$176,799$613,810
66$708,913$223,580$131,847$616,644
67$728,745$182,058$83,786$618,706
68$748,946$136,848$32,463$619,922
69$769,503$87,718$0$620,211
70$790,398$34,421$0$620,678
71$811,610$0$0$621,964
72$833,113$0$0$628,655
73$854,881$0$0$645,005
74$876,877$0$0$661,518
75$899,063$0$0$678,162
76$921,393$0$0$694,904
77$943,816$0$0$711,701
78$966,272$0$0$728,508
79$988,693$0$0$745,272
80$1,011,002$0$0$761,934
81$1,033,114$0$0$778,425
82$1,054,929$0$0$794,670
83$1,076,337$0$0$810,582
84$1,097,213$0$0$826,065
85$1,117,418$0$0$841,011
86$1,136,795$0$0$855,298
87$1,155,169$0$0$868,790
88$1,172,343$0$0$881,336
89$1,188,098$0$0$892,764
90$1,202,189$0$0$902,887
91$1,214,345$0$0$911,493
92$1,224,261$0$0$918,346
93$1,231,599$0$0$923,186
94$1,235,982$0$0$925,722
95$1,236,994$0$0$925,629
96$1,234,170$0$0$922,550
97$1,226,994$0$0$916,086
98$1,214,896$0$0$905,794
99$1,197,239$0$0$891,186
100$1,173,322$0$0$871,717