Can I retire at age 54 with 404,000?

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 $404,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$33,362$33,065$32,775$32,492$32,216$31,959
2 years$16,516$16,208$15,910$15,621$15,341$15,082
3 years$10,901$10,592$10,295$10,009$9,733$9,480
4 years$8,094$7,786$7,492$7,211$6,942$6,697
5 years$6,411$6,105$5,814$5,538$5,277$5,041
6 years$5,289$4,985$4,699$4,429$4,175$3,948
7 years$4,488$4,186$3,905$3,641$3,396$3,177
8 years$3,887$3,588$3,311$3,055$2,817$2,608
9 years$3,420$3,124$2,852$2,602$2,372$2,172
10 years$3,047$2,754$2,487$2,243$2,021$1,830
11 years$2,742$2,452$2,189$1,952$1,738$1,556
12 years$2,487$2,201$1,943$1,712$1,507$1,332
13 years$2,273$1,989$1,736$1,512$1,314$1,148
14 years$2,089$1,808$1,560$1,342$1,152$994
15 years$1,929$1,651$1,408$1,197$1,014$864
16 years$1,790$1,515$1,277$1,071$896$754
17 years$1,667$1,395$1,162$963$795$660
18 years$1,558$1,289$1,060$868$706$579
19 years$1,461$1,195$971$784$630$509
20 years$1,373$1,110$891$710$562$449
21 years$1,294$1,034$820$644$503$396
22 years$1,222$965$755$586$451$350
23 years$1,157$903$697$534$405$310
24 years$1,097$846$645$487$364$274
25 years$1,042$794$597$444$328$243
26 years$991$746$554$406$295$216
27 years$944$702$514$372$266$192
28 years$900$662$478$341$240$171
29 years$860$624$445$313$217$152
30 years$822$590$415$287$196$135
31 years$787$557$386$263$177$120
32 years$754$527$361$242$160$107
33 years$724$499$337$223$145$95
34 years$695$473$315$205$131$85
35 years$667$449$294$189$119$76
36 years$642$426$275$174$108$68
37 years$617$405$258$160$98$60
38 years$595$385$241$147$88$54
39 years$573$366$226$136$80$48
40 years$552$348$212$125$73$43
41 years$533$331$199$116$66$38
42 years$514$315$186$107$60$34
43 years$497$301$175$99$54$30
44 years$480$286$164$91$49$27
45 years$464$273$154$84$45$24
46 years$449$261$145$78$41$22
47 years$434$249$136$72$37$19
48 years$420$237$128$66$34$17
49 years$407$227$120$61$30$15
50 years$394$217$113$57$28$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $404,000, adding $6,873 every year, while hoping to spend $27,174 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
53$404,000$404,000$404,000$404,000
54$452,297$430,885$424,623$461,878
55$469,519$423,086$409,935$462,077
56$487,586$413,993$393,845$459,432
57$506,557$403,516$376,275$456,028
58$526,493$391,556$357,148$451,817
59$547,464$378,011$336,381$446,750
60$569,543$362,770$313,887$440,775
61$592,810$345,720$289,576$433,839
62$617,353$326,737$263,353$425,886
63$643,268$305,692$235,121$416,858
64$670,659$282,449$204,775$406,696
65$699,640$256,863$172,209$395,338
66$730,335$228,781$137,310$382,721
67$762,881$198,042$99,961$368,780
68$797,424$164,475$60,039$353,448
69$834,128$127,901$17,417$336,657
70$873,169$88,129$0$318,335
71$914,743$44,957$0$305,600
72$959,061$0$0$296,417
73$1,006,356$0$0$287,231
74$1,056,884$0$0$302,295
75$1,110,924$0$0$318,448
76$1,168,783$0$0$335,786
77$1,230,796$0$0$354,416
78$1,297,333$0$0$374,454
79$1,368,798$0$0$396,028
80$1,445,635$0$0$419,279
81$1,528,332$0$0$444,362
82$1,617,424$0$0$471,446
83$1,713,500$0$0$500,718
84$1,817,204$0$0$532,383
85$1,929,248$0$0$566,667
86$2,050,411$0$0$603,817
87$2,181,551$0$0$644,106
88$2,323,610$0$0$687,833
89$2,477,624$0$0$735,328
90$2,644,734$0$0$786,954
91$2,826,192$0$0$843,110
92$3,023,377$0$0$904,234
93$3,237,805$0$0$970,809
94$3,471,146$0$0$1,043,366
95$3,725,235$0$0$1,122,490
96$4,002,092$0$0$1,208,826
97$4,303,940$0$0$1,303,080
98$4,633,226$0$0$1,406,034
99$4,992,644$0$0$1,518,545
100$5,385,157$0$0$1,641,558