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%19.4%
1 years$34,683$34,374$34,073$33,779$33,491$32,226
2 years$17,170$16,850$16,540$16,240$15,948$14,688
3 years$11,333$11,012$10,703$10,405$10,118$8,903
4 years$8,415$8,095$7,789$7,496$7,216$6,055
5 years$6,665$6,346$6,044$5,758$5,486$4,382
6 years$5,498$5,182$4,885$4,605$4,341$3,295
7 years$4,665$4,352$4,059$3,786$3,530$2,542
8 years$4,041$3,731$3,443$3,176$2,929$1,997
9 years$3,556$3,248$2,965$2,705$2,466$1,590
10 years$3,167$2,863$2,585$2,332$2,101$1,279
11 years$2,850$2,549$2,276$2,029$1,807$1,037
12 years$2,586$2,288$2,020$1,780$1,566$845
13 years$2,363$2,067$1,805$1,571$1,366$693
14 years$2,171$1,879$1,621$1,395$1,197$570
15 years$2,006$1,717$1,464$1,244$1,054$470
16 years$1,861$1,575$1,327$1,114$932$389
17 years$1,733$1,451$1,208$1,001$826$323
18 years$1,620$1,340$1,102$902$734$268
19 years$1,518$1,242$1,009$815$655$223
20 years$1,427$1,154$926$738$585$186
21 years$1,345$1,075$852$670$523$155
22 years$1,270$1,004$785$609$469$129
23 years$1,202$939$725$555$421$108
24 years$1,140$880$671$506$378$90
25 years$1,083$825$621$462$341$75
26 years$1,030$776$576$422$307$63
27 years$981$730$535$387$277$53
28 years$936$688$497$354$250$44
29 years$894$649$463$325$225$37
30 years$855$613$431$298$204$31
31 years$818$579$402$274$184$26
32 years$784$548$375$252$167$22
33 years$752$519$350$231$151$18
34 years$722$492$327$213$136$15
35 years$694$467$306$196$124$13
36 years$667$443$286$181$112$11
37 years$642$421$268$166$101$9
38 years$618$400$251$153$92$7
39 years$596$380$235$141$83$6
40 years$574$362$220$130$76$5
41 years$554$344$206$120$69$4
42 years$535$328$194$111$62$4
43 years$516$312$182$102$57$3
44 years$499$298$171$95$51$3
45 years$482$284$160$87$47$2
46 years$467$271$150$81$42$2
47 years$452$259$141$75$38$2
48 years$437$247$133$69$35$1
49 years$423$236$125$64$32$1
50 years$410$225$117$59$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $420,000, adding $6,771 every year, while hoping to spend $27,245 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: 45/33/22 Blend
53$420,000$420,000$420,000$420,000
54$469,824$447,564$441,054$487,717
55$488,758$440,506$426,841$493,929
56$508,710$432,190$411,239$497,460
57$529,754$422,523$394,172$500,735
58$551,974$411,412$375,561$503,743
59$575,458$398,754$355,325$506,476
60$600,304$384,442$333,378$508,924
61$626,618$368,362$309,629$511,081
62$654,516$350,395$283,984$512,941
63$684,125$330,412$256,346$514,501
64$715,583$308,281$226,611$515,761
65$749,044$283,857$194,674$516,722
66$784,672$256,992$160,421$517,388
67$822,650$227,526$123,736$517,769
68$863,176$195,291$84,498$517,878
69$906,470$160,110$42,578$517,732
70$952,770$121,796$0$517,356
71$1,002,339$80,150$0$517,286
72$1,055,464$34,964$0$527,751
73$1,112,461$0$0$538,828
74$1,173,675$0$0$555,683
75$1,239,487$0$0$587,489
76$1,310,315$0$0$621,757
77$1,386,615$0$0$658,711
78$1,468,891$0$0$698,601
79$1,557,696$0$0$741,700
80$1,653,636$0$0$788,308
81$1,757,380$0$0$838,755
82$1,869,661$0$0$893,404
83$1,991,284$0$0$952,654
84$2,123,137$0$0$1,016,943
85$2,266,195$0$0$1,086,753
86$2,421,529$0$0$1,162,616
87$2,590,319$0$0$1,245,115
88$2,773,862$0$0$1,334,892
89$2,973,585$0$0$1,432,654
90$3,191,059$0$0$1,539,178
91$3,428,011$0$0$1,655,320
92$3,686,344$0$0$1,782,021
93$3,968,150$0$0$1,920,319
94$4,275,733$0$0$2,071,353
95$4,611,628$0$0$2,236,381
96$4,978,628$0$0$2,416,784
97$5,379,805$0$0$2,614,086
98$5,818,542$0$0$2,829,963
99$6,298,566$0$0$3,066,260
100$6,823,978$0$0$3,325,010