Can I retire at age 54 with 408,000?

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 $408,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$33,692$33,392$33,099$32,814$32,534$31,330
2 years$16,679$16,369$16,068$15,776$15,493$14,293
3 years$11,009$10,697$10,397$10,108$9,829$8,672
4 years$8,175$7,864$7,566$7,282$7,010$5,904
5 years$6,474$6,165$5,872$5,593$5,329$4,277
6 years$5,341$5,034$4,745$4,473$4,217$3,219
7 years$4,532$4,228$3,943$3,677$3,429$2,486
8 years$3,925$3,624$3,344$3,085$2,845$1,956
9 years$3,454$3,155$2,880$2,628$2,396$1,559
10 years$3,077$2,781$2,511$2,265$2,041$1,256
11 years$2,769$2,476$2,211$1,971$1,756$1,019
12 years$2,512$2,222$1,962$1,729$1,521$832
13 years$2,295$2,008$1,753$1,527$1,327$683
14 years$2,109$1,826$1,575$1,355$1,163$563
15 years$1,948$1,668$1,422$1,209$1,024$465
16 years$1,808$1,530$1,289$1,082$905$385
17 years$1,684$1,409$1,173$972$802$320
18 years$1,573$1,302$1,071$876$713$266
19 years$1,475$1,207$980$792$636$222
20 years$1,387$1,121$900$717$568$185
21 years$1,307$1,045$828$651$508$154
22 years$1,234$975$763$592$456$129
23 years$1,168$912$704$539$409$108
24 years$1,108$854$651$491$368$90
25 years$1,052$802$603$449$331$75
26 years$1,001$754$560$410$298$63
27 years$953$709$520$376$269$53
28 years$909$668$483$344$242$44
29 years$869$630$449$316$219$37
30 years$831$595$419$290$198$31
31 years$795$563$390$266$179$26
32 years$762$533$364$244$162$22
33 years$731$504$340$225$146$18
34 years$701$478$318$207$133$15
35 years$674$453$297$190$120$13
36 years$648$430$278$175$109$11
37 years$624$409$260$162$99$9
38 years$600$388$244$149$89$8
39 years$579$369$228$137$81$6
40 years$558$351$214$127$74$5
41 years$538$335$201$117$67$4
42 years$519$319$188$108$61$4
43 years$502$304$177$100$55$3
44 years$485$289$166$92$50$3
45 years$469$276$156$85$45$2
46 years$453$263$146$78$41$2
47 years$439$251$137$72$37$2
48 years$425$240$129$67$34$1
49 years$411$229$121$62$31$1
50 years$398$219$114$57$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $408,000, adding $3,287 every year, while hoping to spend $31,423 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: 76/12/12 Blend
53$408,000$408,000$408,000$408,000
54$453,007$431,383$425,059$486,124
55$465,779$419,086$405,864$496,112
56$478,802$405,135$384,974$502,764
57$492,066$389,413$362,297$509,177
58$505,563$371,800$337,740$515,316
59$519,281$352,169$311,204$521,144
60$533,206$330,383$282,588$526,619
61$547,321$306,300$251,783$531,696
62$561,607$279,768$218,677$536,326
63$576,042$250,628$183,154$540,456
64$590,600$218,710$145,091$544,028
65$605,250$183,836$104,360$546,978
66$619,958$145,817$60,829$549,238
67$634,686$104,453$14,359$550,732
68$649,387$59,535$0$551,378
69$664,012$10,840$0$555,599
70$678,503$0$0$561,041
71$692,795$0$0$571,307
72$706,815$0$0$582,768
73$720,480$0$0$593,923
74$733,699$0$0$604,695
75$746,368$0$0$614,997
76$758,371$0$0$624,731
77$769,578$0$0$633,789
78$779,844$0$0$642,049
79$789,008$0$0$649,375
80$796,891$0$0$655,616
81$803,290$0$0$660,604
82$807,983$0$0$664,152
83$810,722$0$0$666,050
84$811,230$0$0$666,068
85$809,202$0$0$663,949
86$804,296$0$0$659,406
87$796,135$0$0$652,123
88$784,301$0$0$641,750
89$768,328$0$0$627,897
90$747,704$0$0$610,132
91$721,857$0$0$587,978
92$690,157$0$0$560,907
93$651,907$0$0$528,332
94$606,332$0$0$489,606
95$552,579$0$0$444,013
96$489,701$0$0$390,760
97$416,654$0$0$328,971
98$332,281$0$0$257,678
99$235,306$0$0$175,810
100$124,317$0$0$82,185