Can I retire at age 54 with 420,000?

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 $420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$34,683$34,374$34,073$33,779$33,491$33,073
2 years$17,170$16,850$16,540$16,240$15,948$15,527
3 years$11,333$11,012$10,703$10,405$10,118$9,708
4 years$8,415$8,095$7,789$7,496$7,216$6,819
5 years$6,665$6,346$6,044$5,758$5,486$5,104
6 years$5,498$5,182$4,885$4,605$4,341$3,974
7 years$4,665$4,352$4,059$3,786$3,530$3,179
8 years$4,041$3,731$3,443$3,176$2,929$2,592
9 years$3,556$3,248$2,965$2,705$2,466$2,145
10 years$3,167$2,863$2,585$2,332$2,101$1,796
11 years$2,850$2,549$2,276$2,029$1,807$1,516
12 years$2,586$2,288$2,020$1,780$1,566$1,289
13 years$2,363$2,067$1,805$1,571$1,366$1,103
14 years$2,171$1,879$1,621$1,395$1,197$948
15 years$2,006$1,717$1,464$1,244$1,054$818
16 years$1,861$1,575$1,327$1,114$932$709
17 years$1,733$1,451$1,208$1,001$826$615
18 years$1,620$1,340$1,102$902$734$536
19 years$1,518$1,242$1,009$815$655$467
20 years$1,427$1,154$926$738$585$409
21 years$1,345$1,075$852$670$523$358
22 years$1,270$1,004$785$609$469$314
23 years$1,202$939$725$555$421$275
24 years$1,140$880$671$506$378$242
25 years$1,083$825$621$462$341$213
26 years$1,030$776$576$422$307$187
27 years$981$730$535$387$277$165
28 years$936$688$497$354$250$145
29 years$894$649$463$325$225$128
30 years$855$613$431$298$204$113
31 years$818$579$402$274$184$100
32 years$784$548$375$252$167$88
33 years$752$519$350$231$151$78
34 years$722$492$327$213$136$68
35 years$694$467$306$196$124$60
36 years$667$443$286$181$112$53
37 years$642$421$268$166$101$47
38 years$618$400$251$153$92$42
39 years$596$380$235$141$83$37
40 years$574$362$220$130$76$33
41 years$554$344$206$120$69$29
42 years$535$328$194$111$62$26
43 years$516$312$182$102$57$23
44 years$499$298$171$95$51$20
45 years$482$284$160$87$47$18
46 years$467$271$150$81$42$16
47 years$452$259$141$75$38$14
48 years$437$247$133$69$35$12
49 years$423$236$125$64$32$11
50 years$410$225$117$59$29$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $420,000, adding $4,321 every year, while hoping to spend $23,093 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: 48/26/26 Blend
53$420,000$420,000$420,000$420,000
54$467,297$445,037$438,527$486,084
55$490,391$442,273$428,647$496,934
56$515,066$438,600$417,662$506,087
57$541,459$433,948$405,510$515,571
58$569,722$428,245$392,128$525,427
59$600,017$421,413$377,449$535,704
60$632,527$413,370$361,401$546,456
61$667,448$404,029$343,912$557,745
62$705,000$393,298$324,904$569,639
63$745,419$381,079$304,299$582,218
64$788,970$367,270$282,011$595,569
65$835,940$351,762$257,953$609,792
66$886,646$334,437$232,034$624,998
67$941,434$315,176$204,158$641,311
68$1,000,688$293,847$174,225$658,873
69$1,064,828$270,315$142,131$677,840
70$1,134,315$244,435$107,767$698,388
71$1,209,658$216,055$71,020$720,713
72$1,291,414$185,013$31,770$745,035
73$1,380,198$151,138$0$771,599
74$1,476,685$114,251$0$803,485
75$1,581,619$74,161$0$847,780
76$1,695,817$30,668$0$896,038
77$1,820,178$0$0$948,677
78$1,955,693$0$0$1,010,864
79$2,103,451$0$0$1,088,278
80$2,264,652$0$0$1,172,779
81$2,440,614$0$0$1,265,064
82$2,632,790$0$0$1,365,902
83$2,842,781$0$0$1,476,136
84$3,072,346$0$0$1,596,698
85$3,323,424$0$0$1,728,612
86$3,598,150$0$0$1,873,006
87$3,898,873$0$0$2,031,124
88$4,228,182$0$0$2,204,331
89$4,588,927$0$0$2,394,136
90$4,984,246$0$0$2,602,198
91$5,417,596$0$0$2,830,343
92$5,892,783$0$0$3,080,585
93$6,414,002$0$0$3,355,140
94$6,985,870$0$0$3,656,450
95$7,613,473$0$0$3,987,206
96$8,302,417$0$0$4,350,369
97$9,058,872$0$0$4,749,203
98$9,889,638$0$0$5,187,304
99$10,802,206$0$0$5,668,632
100$11,804,826$0$0$6,197,551