Can I retire at age 55 with 470,000?

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 $470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$38,812$38,466$38,129$37,800$37,478$36,063
2 years$19,214$18,856$18,509$18,173$17,847$16,437
3 years$12,682$12,323$11,977$11,644$11,323$9,963
4 years$9,417$9,058$8,716$8,389$8,076$6,776
5 years$7,458$7,102$6,764$6,443$6,139$4,904
6 years$6,153$5,799$5,466$5,153$4,857$3,687
7 years$5,221$4,870$4,543$4,236$3,950$2,844
8 years$4,522$4,175$3,852$3,554$3,277$2,235
9 years$3,979$3,635$3,318$3,027$2,760$1,779
10 years$3,545$3,204$2,893$2,609$2,352$1,431
11 years$3,190$2,852$2,547$2,271$2,022$1,160
12 years$2,894$2,560$2,260$1,992$1,753$946
13 years$2,644$2,314$2,019$1,759$1,528$775
14 years$2,430$2,103$1,814$1,561$1,340$638
15 years$2,244$1,921$1,638$1,392$1,180$526
16 years$2,082$1,763$1,485$1,247$1,043$436
17 years$1,939$1,623$1,351$1,120$924$361
18 years$1,813$1,500$1,234$1,009$822$300
19 years$1,699$1,390$1,129$912$733$249
20 years$1,597$1,292$1,037$826$654$208
21 years$1,505$1,203$953$750$586$173
22 years$1,422$1,123$879$682$525$144
23 years$1,346$1,050$811$621$471$121
24 years$1,276$984$750$566$423$101
25 years$1,212$924$695$517$381$84
26 years$1,153$868$645$473$343$70
27 years$1,098$817$599$433$309$59
28 years$1,048$770$556$396$279$49
29 years$1,001$726$518$364$252$41
30 years$957$686$482$334$228$34
31 years$916$648$450$306$206$29
32 years$878$613$420$282$186$24
33 years$842$581$392$259$169$20
34 years$808$551$366$238$153$17
35 years$776$522$342$219$138$14
36 years$746$496$320$202$125$12
37 years$718$471$300$186$114$10
38 years$692$447$281$172$103$8
39 years$666$425$263$158$93$7
40 years$643$405$246$146$85$6
41 years$620$385$231$135$77$5
42 years$598$367$217$124$70$4
43 years$578$350$203$115$63$3
44 years$558$333$191$106$57$3
45 years$540$318$179$98$52$2
46 years$522$303$168$90$47$2
47 years$505$289$158$83$43$2
48 years$489$276$149$77$39$1
49 years$474$264$140$71$35$1
50 years$459$252$131$66$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $470,000, adding $6,116 every year, while hoping to spend $24,427 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: 47/32/21 Blend
54$470,000$470,000$470,000$470,000
55$524,249$499,339$492,054$545,494
56$551,732$497,816$482,547$559,437
57$581,200$495,400$471,904$571,636
58$612,829$492,022$460,059$584,373
59$646,813$487,606$446,947$597,708
60$683,365$482,076$432,497$611,711
61$722,718$475,348$416,636$626,458
62$765,130$467,334$399,287$642,037
63$810,881$457,942$380,371$658,545
64$860,282$447,072$359,805$676,091
65$913,673$434,620$337,500$694,798
66$971,427$420,476$313,366$714,801
67$1,033,955$404,522$287,306$736,255
68$1,101,710$386,635$259,223$759,330
69$1,175,188$366,684$229,010$784,217
70$1,254,936$344,530$196,561$811,129
71$1,341,554$320,027$161,760$840,303
72$1,435,703$293,019$124,490$872,004
73$1,538,111$263,343$84,627$906,527
74$1,649,578$230,826$42,041$944,200
75$1,770,983$195,285$0$985,388
76$1,903,296$156,527$0$1,031,262
77$2,047,583$114,347$0$1,091,612
78$2,205,016$68,530$0$1,157,543
79$2,376,888$18,848$0$1,229,649
80$2,564,621$0$0$1,308,583
81$2,769,778$0$0$1,407,374
82$2,994,084$0$0$1,522,694
83$3,239,435$0$0$1,648,888
84$3,507,921$0$0$1,787,036
85$3,801,842$0$0$1,938,328
86$4,123,729$0$0$2,104,077
87$4,476,374$0$0$2,285,725
88$4,862,847$0$0$2,484,862
89$5,286,532$0$0$2,703,241
90$5,751,154$0$0$2,942,789
91$6,260,817$0$0$3,205,631
92$6,820,043$0$0$3,494,108
93$7,433,808$0$0$3,810,796
94$8,107,599$0$0$4,158,536
95$8,847,456$0$0$4,540,455
96$9,660,034$0$0$4,959,999
97$10,552,665$0$0$5,420,963
98$11,533,423$0$0$5,927,530
99$12,611,208$0$0$6,484,306
100$13,795,820$0$0$7,096,366