Can I retire at age 55 with 469,000?

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 $469,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$38,730$38,385$38,048$37,720$37,399$36,465
2 years$19,173$18,816$18,470$18,134$17,809$16,874
3 years$12,655$12,296$11,951$11,619$11,299$10,392
4 years$9,397$9,039$8,697$8,371$8,058$7,187
5 years$7,442$7,087$6,750$6,430$6,126$5,292
6 years$6,140$5,787$5,455$5,142$4,847$4,052
7 years$5,210$4,860$4,533$4,227$3,942$3,185
8 years$4,512$4,166$3,844$3,546$3,270$2,551
9 years$3,970$3,627$3,311$3,021$2,754$2,073
10 years$3,537$3,197$2,887$2,604$2,347$1,702
11 years$3,183$2,846$2,541$2,266$2,018$1,409
12 years$2,888$2,555$2,255$1,988$1,749$1,175
13 years$2,638$2,309$2,015$1,755$1,525$984
14 years$2,425$2,098$1,811$1,558$1,337$829
15 years$2,240$1,917$1,635$1,389$1,177$700
16 years$2,078$1,759$1,482$1,244$1,040$593
17 years$1,935$1,620$1,349$1,118$922$504
18 years$1,809$1,497$1,231$1,007$820$429
19 years$1,696$1,387$1,127$910$731$366
20 years$1,594$1,289$1,034$824$653$312
21 years$1,502$1,201$951$748$584$267
22 years$1,419$1,121$877$680$524$229
23 years$1,343$1,048$810$619$470$196
24 years$1,273$982$749$565$423$168
25 years$1,209$922$693$516$380$144
26 years$1,150$866$643$472$343$124
27 years$1,096$815$597$432$309$106
28 years$1,045$768$555$396$279$91
29 years$998$725$517$363$252$78
30 years$955$684$481$333$227$67
31 years$914$647$449$306$206$58
32 years$876$612$419$281$186$50
33 years$840$580$391$258$168$43
34 years$806$549$365$238$152$37
35 years$775$521$341$219$138$32
36 years$745$495$319$202$125$27
37 years$717$470$299$186$113$24
38 years$690$446$280$171$103$20
39 years$665$425$262$158$93$17
40 years$641$404$246$146$84$15
41 years$619$385$231$134$77$13
42 years$597$366$216$124$70$11
43 years$577$349$203$114$63$10
44 years$557$333$190$106$57$8
45 years$539$317$179$98$52$7
46 years$521$303$168$90$47$6
47 years$504$289$158$83$43$5
48 years$488$276$148$77$39$5
49 years$473$263$139$71$35$4
50 years$458$251$131$66$32$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $469,000, adding $6,773 every year, while hoping to spend $31,853 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: 29/47/24 Blend
54$469,000$469,000$469,000$469,000
55$523,824$498,967$491,698$534,947
56$543,363$489,525$474,278$534,694
57$563,827$478,553$455,208$531,159
58$585,277$465,942$434,397$526,701
59$607,780$451,577$411,753$521,263
60$631,406$435,337$387,179$514,782
61$656,233$417,092$360,574$507,195
62$682,345$396,707$331,830$498,435
63$709,836$374,037$300,837$488,434
64$738,804$348,929$267,480$477,120
65$769,358$321,223$231,637$464,417
66$801,618$290,748$193,182$450,249
67$835,712$257,324$151,983$434,535
68$871,783$220,761$107,903$417,193
69$909,984$180,857$60,796$398,137
70$950,483$137,400$10,514$377,279
71$993,466$90,166$0$354,529
72$1,039,132$38,917$0$340,842
73$1,087,703$0$0$328,666
74$1,139,420$0$0$323,835
75$1,194,546$0$0$340,183
76$1,253,371$0$0$357,673
77$1,316,210$0$0$376,404
78$1,383,411$0$0$396,487
79$1,455,355$0$0$418,042
80$1,532,459$0$0$441,200
81$1,615,179$0$0$466,107
82$1,704,019$0$0$492,921
83$1,799,530$0$0$521,817
84$1,902,316$0$0$552,988
85$2,013,043$0$0$586,642
86$2,132,439$0$0$623,013
87$2,261,306$0$0$662,355
88$2,400,526$0$0$704,947
89$2,551,067$0$0$751,097
90$2,713,991$0$0$801,143
91$2,890,470$0$0$855,457
92$3,081,788$0$0$914,448
93$3,289,360$0$0$978,565
94$3,514,741$0$0$1,048,304
95$3,759,642$0$0$1,124,209
96$4,025,944$0$0$1,206,879
97$4,315,718$0$0$1,296,973
98$4,631,241$0$0$1,395,217
99$4,975,020$0$0$1,502,410
100$5,349,814$0$0$1,619,430