Can I retire at age 54 with 414,000?

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 $414,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$34,188$33,883$33,586$33,296$33,013$32,614
2 years$16,925$16,609$16,304$16,008$15,720$15,319
3 years$11,171$10,854$10,550$10,256$9,974$9,582
4 years$8,295$7,979$7,677$7,389$7,113$6,735
5 years$6,569$6,256$5,958$5,676$5,407$5,043
6 years$5,420$5,108$4,815$4,539$4,279$3,929
7 years$4,599$4,290$4,001$3,732$3,480$3,144
8 years$3,983$3,677$3,393$3,130$2,887$2,566
9 years$3,505$3,202$2,923$2,666$2,431$2,125
10 years$3,122$2,822$2,548$2,298$2,071$1,779
11 years$2,809$2,512$2,243$2,000$1,781$1,503
12 years$2,549$2,255$1,991$1,755$1,544$1,279
13 years$2,329$2,038$1,779$1,549$1,346$1,095
14 years$2,140$1,852$1,598$1,375$1,180$942
15 years$1,977$1,692$1,443$1,226$1,039$813
16 years$1,834$1,553$1,308$1,098$918$705
17 years$1,708$1,430$1,190$987$814$613
18 years$1,597$1,321$1,087$889$724$534
19 years$1,497$1,224$995$803$645$466
20 years$1,407$1,138$913$728$576$408
21 years$1,326$1,060$840$660$516$357
22 years$1,252$989$774$600$462$313
23 years$1,185$925$715$547$415$275
24 years$1,124$867$661$499$373$242
25 years$1,067$814$612$455$336$213
26 years$1,015$765$568$416$302$187
27 years$967$720$527$381$273$165
28 years$923$678$490$349$246$146
29 years$881$640$456$320$222$129
30 years$843$604$425$294$201$113
31 years$807$571$396$270$181$100
32 years$773$540$370$248$164$88
33 years$741$512$345$228$149$78
34 years$712$485$322$210$134$69
35 years$684$460$301$193$122$61
36 years$658$437$282$178$110$54
37 years$633$415$264$164$100$48
38 years$609$394$247$151$91$42
39 years$587$375$232$139$82$37
40 years$566$357$217$129$75$33
41 years$546$339$203$119$68$29
42 years$527$323$191$109$61$26
43 years$509$308$179$101$56$23
44 years$492$294$168$93$51$20
45 years$476$280$158$86$46$18
46 years$460$267$148$80$42$16
47 years$445$255$139$74$38$14
48 years$431$243$131$68$34$12
49 years$417$232$123$63$31$11
50 years$404$222$116$58$28$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $414,000, adding $5,532 every year, while hoping to spend $29,602 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: 73/18/9 Blend
53$414,000$414,000$414,000$414,000
54$461,934$439,992$433,575$494,524
55$477,555$430,056$416,604$506,846
56$493,777$418,640$398,072$516,102
57$510,631$405,641$377,895$525,417
58$528,148$390,950$355,987$534,788
59$546,363$374,451$332,256$544,212
60$565,312$356,019$306,608$553,688
61$585,036$335,526$278,941$563,212
62$605,576$312,834$249,152$572,783
63$626,980$287,797$217,133$582,402
64$649,294$260,262$182,770$592,067
65$672,573$230,066$145,944$601,780
66$696,874$197,037$106,531$611,544
67$722,258$160,995$64,402$621,360
68$748,791$121,747$19,423$631,235
69$776,547$79,091$0$641,175
70$805,601$32,813$0$653,933
71$836,040$0$0$668,944
72$867,953$0$0$687,799
73$901,441$0$0$714,410
74$936,610$0$0$742,363
75$973,579$0$0$771,753
76$1,012,473$0$0$802,682
77$1,053,432$0$0$835,259
78$1,096,606$0$0$869,607
79$1,142,158$0$0$905,856
80$1,190,269$0$0$944,151
81$1,241,132$0$0$984,647
82$1,294,962$0$0$1,027,516
83$1,351,990$0$0$1,072,945
84$1,412,470$0$0$1,121,136
85$1,476,681$0$0$1,172,314
86$1,544,925$0$0$1,226,722
87$1,617,536$0$0$1,284,627
88$1,694,876$0$0$1,346,321
89$1,777,344$0$0$1,412,123
90$1,865,375$0$0$1,482,384
91$1,959,449$0$0$1,557,488
92$2,060,088$0$0$1,637,856
93$2,167,866$0$0$1,723,948
94$2,283,414$0$0$1,816,271
95$2,407,422$0$0$1,915,380
96$2,540,648$0$0$2,021,885
97$2,683,925$0$0$2,136,453
98$2,838,167$0$0$2,259,821
99$3,004,376$0$0$2,392,793
100$3,183,655$0$0$2,536,257