Can I retire at age 55 with 484,000?

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 $484,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$39,968$39,612$39,265$38,926$38,595$37,586
2 years$19,786$19,418$19,061$18,714$18,378$17,369
3 years$13,060$12,690$12,333$11,990$11,660$10,681
4 years$9,697$9,328$8,976$8,638$8,316$7,376
5 years$7,680$7,313$6,965$6,635$6,322$5,422
6 years$6,336$5,972$5,629$5,306$5,002$4,145
7 years$5,376$5,015$4,678$4,363$4,068$3,253
8 years$4,657$4,299$3,967$3,660$3,375$2,601
9 years$4,097$3,743$3,417$3,117$2,842$2,109
10 years$3,650$3,299$2,979$2,687$2,422$1,729
11 years$3,285$2,937$2,623$2,339$2,083$1,429
12 years$2,980$2,636$2,328$2,051$1,805$1,189
13 years$2,723$2,382$2,079$1,811$1,574$994
14 years$2,502$2,166$1,868$1,608$1,380$835
15 years$2,311$1,978$1,687$1,434$1,215$704
16 years$2,144$1,815$1,529$1,284$1,074$595
17 years$1,997$1,672$1,392$1,153$952$504
18 years$1,867$1,545$1,270$1,039$846$428
19 years$1,750$1,432$1,163$939$754$365
20 years$1,645$1,330$1,067$851$674$311
21 years$1,550$1,239$982$772$603$265
22 years$1,464$1,157$905$702$541$226
23 years$1,386$1,082$835$639$485$193
24 years$1,314$1,014$773$583$436$165
25 years$1,248$951$716$532$392$142
26 years$1,187$894$664$487$353$121
27 years$1,131$841$616$446$319$104
28 years$1,079$793$573$408$288$89
29 years$1,030$748$533$374$260$76
30 years$985$706$497$344$235$65
31 years$943$668$463$316$212$56
32 years$904$632$432$290$192$48
33 years$867$598$403$267$174$41
34 years$832$567$377$245$157$35
35 years$799$538$352$226$142$30
36 years$769$510$330$208$129$26
37 years$740$485$309$192$117$22
38 years$712$461$289$177$106$19
39 years$686$438$271$163$96$17
40 years$662$417$254$150$87$14
41 years$638$397$238$139$79$12
42 years$616$378$223$128$72$10
43 years$595$360$209$118$65$9
44 years$575$343$197$109$59$8
45 years$556$327$185$101$54$7
46 years$538$312$173$93$49$6
47 years$520$298$163$86$44$5
48 years$504$284$153$79$40$4
49 years$488$272$144$73$37$4
50 years$473$259$135$68$33$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $484,000, adding $2,898 every year, while hoping to spend $34,137 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: 62/18/20 Blend
54$484,000$484,000$484,000$484,000
55$536,357$510,705$503,203$566,669
56$554,744$499,408$483,739$576,171
57$573,863$486,414$462,479$582,476
58$593,751$471,602$439,326$588,575
59$614,450$454,848$414,180$594,452
60$636,005$436,016$386,936$600,091
61$658,464$414,967$357,485$605,475
62$681,877$391,550$325,710$610,588
63$706,300$365,608$291,493$615,413
64$731,793$336,973$254,709$619,932
65$758,420$305,469$215,225$624,130
66$786,250$270,908$172,907$627,991
67$815,359$233,094$127,610$631,499
68$845,827$191,817$79,187$634,640
69$877,743$146,858$27,482$637,401
70$911,203$97,984$0$639,769
71$946,309$44,949$0$647,644
72$983,174$0$0$661,750
73$1,021,920$0$0$678,724
74$1,062,680$0$0$705,959
75$1,105,598$0$0$734,649
76$1,150,831$0$0$764,900
77$1,198,550$0$0$796,830
78$1,248,942$0$0$830,565
79$1,302,211$0$0$866,243
80$1,358,578$0$0$904,016
81$1,418,286$0$0$944,048
82$1,481,600$0$0$986,519
83$1,548,809$0$0$1,031,628
84$1,620,231$0$0$1,079,589
85$1,696,211$0$0$1,130,638
86$1,777,128$0$0$1,185,033
87$1,863,398$0$0$1,243,057
88$1,955,475$0$0$1,305,020
89$2,053,858$0$0$1,371,261
90$2,159,091$0$0$1,442,152
91$2,271,775$0$0$1,518,102
92$2,392,564$0$0$1,599,556
93$2,522,179$0$0$1,687,008
94$2,661,411$0$0$1,780,995
95$2,811,126$0$0$1,882,109
96$2,972,277$0$0$1,990,999
97$3,145,910$0$0$2,108,379
98$3,333,173$0$0$2,235,031
99$3,535,327$0$0$2,371,818
100$3,753,760$0$0$2,519,685