Can I retire at age 54 with 413,000?

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 $413,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$34,105$33,801$33,505$33,216$32,933$32,268
2 years$16,884$16,569$16,265$15,969$15,682$15,015
3 years$11,144$10,828$10,524$10,232$9,950$9,301
4 years$8,275$7,960$7,659$7,371$7,096$6,472
5 years$6,554$6,241$5,944$5,662$5,394$4,795
6 years$5,407$5,096$4,803$4,528$4,268$3,696
7 years$4,588$4,280$3,992$3,723$3,471$2,925
8 years$3,974$3,668$3,385$3,123$2,880$2,359
9 years$3,496$3,194$2,916$2,660$2,425$1,931
10 years$3,115$2,815$2,542$2,293$2,066$1,597
11 years$2,803$2,506$2,238$1,995$1,777$1,333
12 years$2,543$2,250$1,986$1,750$1,540$1,120
13 years$2,323$2,033$1,774$1,545$1,343$946
14 years$2,135$1,848$1,594$1,372$1,177$803
15 years$1,972$1,688$1,439$1,223$1,037$684
16 years$1,830$1,549$1,305$1,095$916$584
17 years$1,704$1,426$1,188$984$812$501
18 years$1,593$1,318$1,084$887$722$430
19 years$1,493$1,222$992$801$644$370
20 years$1,404$1,135$911$726$575$319
21 years$1,323$1,057$838$659$515$275
22 years$1,249$987$772$599$461$238
23 years$1,182$923$713$545$414$205
24 years$1,121$865$659$498$372$178
25 years$1,065$812$611$454$335$154
26 years$1,013$763$566$415$302$134
27 years$965$718$526$380$272$116
28 years$920$676$489$348$245$100
29 years$879$638$455$319$222$87
30 years$841$603$424$293$200$76
31 years$805$570$395$269$181$66
32 years$771$539$369$247$164$57
33 years$740$511$344$228$148$50
34 years$710$484$322$209$134$43
35 years$682$459$301$193$122$38
36 years$656$436$281$178$110$33
37 years$631$414$263$164$100$28
38 years$608$393$247$151$90$25
39 years$586$374$231$139$82$21
40 years$565$356$216$128$74$19
41 years$545$339$203$118$68$16
42 years$526$322$190$109$61$14
43 years$508$307$179$101$56$12
44 years$491$293$168$93$50$11
45 years$474$279$157$86$46$9
46 years$459$266$148$79$42$8
47 years$444$254$139$73$38$7
48 years$430$243$131$68$34$6
49 years$416$232$123$63$31$5
50 years$403$221$115$58$28$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $413,000, adding $3,622 every year, while hoping to spend $21,959 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: 46/45/9 Blend
53$413,000$413,000$413,000$413,000
54$458,862$436,973$430,572$478,660
55$482,302$435,021$421,632$490,740
56$507,396$432,236$411,656$501,272
57$534,292$428,557$400,587$512,193
58$563,147$423,914$388,364$523,548
59$594,138$418,235$374,924$535,386
60$627,456$411,445$360,201$547,761
61$663,314$403,463$344,125$560,737
62$701,943$394,204$326,624$574,384
63$743,598$383,576$307,622$588,781
64$788,558$371,485$287,041$604,017
65$837,131$357,828$264,797$620,194
66$889,655$342,498$240,804$637,424
67$946,501$325,381$214,972$655,832
68$1,008,077$306,359$187,208$675,561
69$1,074,834$285,302$157,411$696,770
70$1,147,263$262,078$125,481$719,634
71$1,225,907$236,544$91,308$744,353
72$1,311,365$208,550$54,782$771,148
73$1,404,293$177,937$15,786$800,267
74$1,505,413$144,538$0$831,985
75$1,615,520$108,176$0$869,091
76$1,735,490$68,664$0$911,225
77$1,866,286$25,804$0$957,266
78$2,008,966$0$0$1,007,652
79$2,164,698$0$0$1,073,078
80$2,334,765$0$0$1,158,524
81$2,520,581$0$0$1,251,930
82$2,723,702$0$0$1,354,083
83$2,945,841$0$0$1,465,851
84$3,188,884$0$0$1,588,190
85$3,454,908$0$0$1,722,151
86$3,746,201$0$0$1,868,893
87$4,065,281$0$0$2,029,692
88$4,414,921$0$0$2,205,952
89$4,798,176$0$0$2,399,222
90$5,218,411$0$0$2,611,206
91$5,679,331$0$0$2,843,781
92$6,185,017$0$0$3,099,015
93$6,739,964$0$0$3,379,186
94$7,349,125$0$0$3,686,802
95$8,017,952$0$0$4,024,628
96$8,752,456$0$0$4,395,708
97$9,559,254$0$0$4,803,395
98$10,445,638$0$0$5,251,386
99$11,419,640$0$0$5,743,750
100$12,490,109$0$0$6,284,972