Can I retire at age 55 with 480,000?

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 $480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$39,638$39,285$38,940$38,604$38,276$37,688
2 years$19,623$19,257$18,903$18,560$18,227$17,636
3 years$12,952$12,585$12,232$11,891$11,564$10,989
4 years$9,617$9,251$8,901$8,567$8,247$7,692
5 years$7,617$7,253$6,908$6,580$6,269$5,736
6 years$6,284$5,923$5,583$5,262$4,961$4,449
7 years$5,332$4,974$4,639$4,326$4,034$3,545
8 years$4,618$4,264$3,934$3,629$3,347$2,880
9 years$4,064$3,712$3,389$3,091$2,819$2,373
10 years$3,620$3,272$2,954$2,665$2,402$1,978
11 years$3,257$2,913$2,601$2,319$2,065$1,663
12 years$2,955$2,614$2,308$2,034$1,790$1,408
13 years$2,700$2,363$2,062$1,796$1,561$1,199
14 years$2,481$2,148$1,853$1,594$1,368$1,026
15 years$2,292$1,962$1,673$1,422$1,205$881
16 years$2,127$1,800$1,517$1,273$1,065$759
17 years$1,981$1,658$1,380$1,144$944$656
18 years$1,851$1,532$1,260$1,031$839$568
19 years$1,735$1,420$1,153$931$748$493
20 years$1,631$1,319$1,059$844$668$429
21 years$1,537$1,229$974$766$598$373
22 years$1,452$1,147$897$696$536$326
23 years$1,374$1,073$829$634$481$284
24 years$1,303$1,005$766$578$433$248
25 years$1,238$943$710$528$389$217
26 years$1,177$887$658$483$351$190
27 years$1,121$834$611$442$316$166
28 years$1,070$786$568$405$285$146
29 years$1,022$742$529$371$258$128
30 years$977$700$493$341$233$112
31 years$935$662$459$313$210$98
32 years$896$627$428$288$190$86
33 years$860$593$400$265$172$76
34 years$825$562$374$243$156$66
35 years$793$533$349$224$141$58
36 years$762$506$327$206$128$51
37 years$734$481$306$190$116$45
38 years$706$457$287$175$105$40
39 years$681$435$268$162$95$35
40 years$656$413$252$149$86$31
41 years$633$394$236$137$78$27
42 years$611$375$221$127$71$24
43 years$590$357$208$117$65$21
44 years$570$340$195$108$59$18
45 years$551$325$183$100$53$16
46 years$533$310$172$92$48$14
47 years$516$295$162$85$44$12
48 years$500$282$152$79$40$11
49 years$484$269$143$73$36$10
50 years$469$257$134$67$33$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $480,000, adding $2,887 every year, while hoping to spend $31,113 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: 49/36/15 Blend
54$480,000$480,000$480,000$480,000
55$531,938$506,498$499,058$555,660
56$553,092$498,212$482,672$564,034
57$575,360$488,478$464,695$569,672
58$598,825$477,191$445,040$575,111
59$623,573$464,241$423,617$580,344
60$649,701$449,513$400,332$585,363
61$677,313$432,882$375,086$590,165
62$706,525$414,219$347,777$594,746
63$737,460$393,385$318,297$599,103
64$770,255$370,235$286,534$603,239
65$805,058$344,614$252,370$607,158
66$842,033$316,359$215,683$610,866
67$881,357$285,297$176,345$614,375
68$923,225$251,247$134,223$617,701
69$967,852$214,015$89,177$620,865
70$1,015,469$173,398$41,061$623,893
71$1,066,334$129,182$0$626,819
72$1,120,726$81,138$0$631,331
73$1,178,954$29,027$0$642,953
74$1,241,354$0$0$655,192
75$1,308,297$0$0$679,002
76$1,380,188$0$0$716,957
77$1,457,473$0$0$757,798
78$1,540,641$0$0$801,786
79$1,630,229$0$0$849,213
80$1,726,827$0$0$900,395
81$1,831,082$0$0$955,681
82$1,943,708$0$0$1,015,455
83$2,065,486$0$0$1,080,139
84$2,197,276$0$0$1,150,194
85$2,340,024$0$0$1,226,132
86$2,494,769$0$0$1,308,512
87$2,662,653$0$0$1,397,950
88$2,844,935$0$0$1,495,124
89$3,042,996$0$0$1,600,779
90$3,258,357$0$0$1,715,735
91$3,492,692$0$0$1,840,894
92$3,747,841$0$0$1,977,249
93$4,025,831$0$0$2,125,893
94$4,328,891$0$0$2,288,028
95$4,659,475$0$0$2,464,978
96$5,020,282$0$0$2,658,199
97$5,414,287$0$0$2,869,294
98$5,844,760$0$0$3,100,031
99$6,315,306$0$0$3,352,352
100$6,829,891$0$0$3,628,397