Can I retire at age 54 with 409,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $409,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$33,775$33,474$33,180$32,894$32,614$32,463
2 years$16,720$16,409$16,107$15,814$15,531$15,378
3 years$11,036$10,723$10,422$10,132$9,853$9,704
4 years$8,195$7,883$7,585$7,300$7,027$6,883
5 years$6,490$6,180$5,886$5,607$5,342$5,202
6 years$5,354$5,047$4,757$4,484$4,227$4,092
7 years$4,543$4,238$3,953$3,687$3,438$3,308
8 years$3,935$3,633$3,352$3,093$2,852$2,727
9 years$3,462$3,163$2,887$2,634$2,402$2,282
10 years$3,085$2,788$2,517$2,271$2,046$1,932
11 years$2,776$2,482$2,216$1,976$1,760$1,651
12 years$2,518$2,228$1,967$1,733$1,525$1,421
13 years$2,301$2,013$1,757$1,530$1,330$1,230
14 years$2,114$1,830$1,579$1,358$1,166$1,071
15 years$1,953$1,672$1,426$1,211$1,026$936
16 years$1,812$1,534$1,292$1,085$907$821
17 years$1,688$1,413$1,176$975$804$723
18 years$1,577$1,305$1,074$878$715$638
19 years$1,479$1,210$983$794$638$564
20 years$1,390$1,124$902$719$569$500
21 years$1,310$1,047$830$652$510$444
22 years$1,237$977$765$593$457$395
23 years$1,171$914$706$540$410$351
24 years$1,110$856$653$493$369$313
25 years$1,054$804$605$450$332$279
26 years$1,003$755$561$411$299$250
27 years$956$711$521$377$269$223
28 years$912$670$484$345$243$200
29 years$871$632$451$316$219$179
30 years$833$597$420$290$198$160
31 years$797$564$391$267$179$143
32 years$764$534$365$245$162$129
33 years$732$506$341$225$147$115
34 years$703$479$318$207$133$103
35 years$676$454$298$191$120$93
36 years$650$431$279$176$109$83
37 years$625$410$261$162$99$75
38 years$602$389$244$149$90$67
39 years$580$370$229$138$81$60
40 years$559$352$214$127$74$54
41 years$539$335$201$117$67$49
42 years$521$319$189$108$61$44
43 years$503$304$177$100$55$39
44 years$486$290$166$92$50$35
45 years$470$277$156$85$45$32
46 years$454$264$146$79$41$29
47 years$440$252$138$73$37$26
48 years$426$240$129$67$34$23
49 years$412$230$122$62$31$21
50 years$399$219$114$57$28$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $409,000, adding $3,046 every year, while hoping to spend $25,245 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: 43/37/20 Blend
53$409,000$409,000$409,000$409,000
54$453,860$432,183$425,843$470,615
55$473,293$426,499$413,249$477,075
56$493,862$419,691$399,386$481,373
57$515,657$411,677$384,186$485,508
58$538,775$402,369$367,577$489,478
59$563,321$391,677$349,482$493,284
60$589,414$379,503$329,824$496,926
61$617,180$365,745$308,519$500,407
62$646,759$350,293$285,481$503,734
63$678,304$333,033$260,620$506,916
64$711,982$313,843$233,842$509,966
65$747,977$292,594$205,048$512,900
66$786,490$269,150$174,136$515,740
67$827,740$243,367$140,999$518,512
68$871,971$215,093$105,523$521,249
69$919,447$184,167$67,593$523,990
70$970,459$150,420$27,086$526,781
71$1,025,328$113,672$0$529,679
72$1,084,403$73,734$0$536,193
73$1,148,070$30,405$0$549,347
74$1,216,753$0$0$563,474
75$1,290,916$0$0$585,435
76$1,371,070$0$0$622,589
77$1,457,777$0$0$662,822
78$1,551,655$0$0$706,426
79$1,653,381$0$0$753,722
80$1,763,702$0$0$805,061
81$1,883,439$0$0$860,833
82$2,013,494$0$0$921,464
83$2,154,859$0$0$987,423
84$2,308,628$0$0$1,059,227
85$2,476,001$0$0$1,137,444
86$2,658,301$0$0$1,222,700
87$2,856,983$0$0$1,315,683
88$3,073,647$0$0$1,417,151
89$3,310,057$0$0$1,527,937
90$3,568,151$0$0$1,648,960
91$3,850,066$0$0$1,781,230
92$4,158,153$0$0$1,925,860
93$4,494,998$0$0$2,084,075
94$4,863,453$0$0$2,257,224
95$5,266,653$0$0$2,446,793
96$5,708,055$0$0$2,654,416
97$6,191,462$0$0$2,881,896
98$6,721,063$0$0$3,131,215
99$7,301,474$0$0$3,404,559
100$7,937,774$0$0$3,704,334