Can I retire at age 54 with 419,000?

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 $419,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$34,601$34,292$33,992$33,698$33,412$32,591
2 years$17,129$16,810$16,501$16,201$15,910$15,088
3 years$11,306$10,986$10,677$10,380$10,094$9,297
4 years$8,395$8,076$7,770$7,478$7,199$6,433
5 years$6,649$6,331$6,030$5,744$5,473$4,739
6 years$5,485$5,170$4,873$4,594$4,330$3,630
7 years$4,654$4,342$4,050$3,777$3,522$2,855
8 years$4,031$3,722$3,434$3,168$2,922$2,289
9 years$3,547$3,240$2,958$2,699$2,460$1,860
10 years$3,160$2,856$2,579$2,326$2,096$1,529
11 years$2,843$2,543$2,270$2,024$1,803$1,266
12 years$2,580$2,282$2,015$1,776$1,562$1,056
13 years$2,357$2,062$1,800$1,568$1,362$886
14 years$2,166$1,875$1,617$1,392$1,194$746
15 years$2,001$1,713$1,460$1,241$1,052$631
16 years$1,856$1,571$1,324$1,111$929$535
17 years$1,729$1,447$1,205$998$824$455
18 years$1,616$1,337$1,100$900$733$387
19 years$1,515$1,239$1,007$813$653$331
20 years$1,424$1,152$924$736$583$282
21 years$1,342$1,073$850$668$522$242
22 years$1,267$1,001$783$608$468$207
23 years$1,200$936$723$553$420$178
24 years$1,137$877$669$505$378$152
25 years$1,080$823$620$461$340$131
26 years$1,028$774$575$421$306$112
27 years$979$728$534$386$276$97
28 years$934$686$496$353$249$83
29 years$892$647$462$324$225$71
30 years$853$611$430$297$203$61
31 years$816$578$401$273$184$53
32 years$782$547$374$251$166$46
33 years$750$518$349$231$150$39
34 years$720$491$326$212$136$34
35 years$692$466$305$196$123$29
36 years$665$442$285$180$112$25
37 years$640$420$267$166$101$22
38 years$617$399$250$153$92$19
39 years$594$379$234$141$83$16
40 years$573$361$220$130$75$14
41 years$553$344$206$120$68$12
42 years$533$327$193$111$62$10
43 years$515$312$181$102$56$9
44 years$498$297$170$94$51$8
45 years$481$283$160$87$46$7
46 years$465$270$150$81$42$6
47 years$450$258$141$74$38$5
48 years$436$246$132$69$35$4
49 years$422$235$125$64$32$4
50 years$409$225$117$59$29$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $419,000, adding $5,547 every year, while hoping to spend $23,559 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: 29/48/23 Blend
53$419,000$419,000$419,000$419,000
54$467,460$445,253$438,758$477,532
55$490,074$442,004$428,390$482,530
56$514,205$437,806$416,885$485,441
57$539,984$432,587$404,180$488,082
58$567,551$426,273$390,209$490,443
59$597,064$418,783$374,904$492,517
60$628,693$410,032$358,192$494,301
61$662,627$399,931$339,998$495,790
62$699,070$388,383$320,243$496,985
63$738,250$375,288$298,846$497,886
64$780,414$360,540$275,720$498,499
65$825,835$344,025$250,775$498,833
66$874,812$325,624$223,919$498,901
67$927,675$305,212$195,051$498,722
68$984,783$282,653$164,071$498,320
69$1,046,535$257,807$130,872$497,724
70$1,113,367$230,525$95,341$496,974
71$1,185,759$200,648$57,363$496,114
72$1,264,237$168,011$16,816$495,201
73$1,349,382$132,437$0$494,302
74$1,441,833$93,739$0$499,987
75$1,542,289$51,723$0$510,683
76$1,651,525$6,179$0$522,400
77$1,770,387$0$0$535,300
78$1,899,812$0$0$572,335
79$2,040,826$0$0$616,304
80$2,194,562$0$0$664,304
81$2,362,264$0$0$716,732
82$2,545,304$0$0$774,024
83$2,745,189$0$0$836,662
84$2,963,581$0$0$905,176
85$3,202,308$0$0$980,147
86$3,463,383$0$0$1,062,219
87$3,749,023$0$0$1,152,099
88$4,061,667$0$0$1,250,564
89$4,404,005$0$0$1,358,473
90$4,778,993$0$0$1,476,770
91$5,189,893$0$0$1,606,495
92$5,640,293$0$0$1,748,793
93$6,134,147$0$0$1,904,926
94$6,675,807$0$0$2,076,284
95$7,270,070$0$0$2,264,398
96$7,922,218$0$0$2,470,953
97$8,638,069$0$0$2,697,809
98$9,424,032$0$0$2,947,011
99$10,287,167$0$0$3,220,812
100$11,235,251$0$0$3,521,698