Can I retire at age 54 with 421,000?

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 $421,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$34,766$34,456$34,154$33,859$33,571$32,627
2 years$17,211$16,890$16,580$16,278$15,986$15,043
3 years$11,360$11,038$10,728$10,430$10,142$9,228
4 years$8,435$8,114$7,807$7,514$7,234$6,356
5 years$6,681$6,362$6,059$5,771$5,499$4,661
6 years$5,511$5,195$4,896$4,616$4,351$3,553
7 years$4,676$4,362$4,069$3,795$3,539$2,780
8 years$4,051$3,739$3,451$3,183$2,936$2,217
9 years$3,564$3,256$2,972$2,711$2,472$1,792
10 years$3,175$2,870$2,591$2,337$2,106$1,464
11 years$2,857$2,555$2,281$2,034$1,812$1,206
12 years$2,592$2,293$2,025$1,784$1,570$1,000
13 years$2,368$2,072$1,809$1,575$1,369$834
14 years$2,176$1,884$1,625$1,398$1,200$698
15 years$2,010$1,721$1,467$1,247$1,057$586
16 years$1,865$1,579$1,330$1,117$934$494
17 years$1,737$1,454$1,211$1,003$828$417
18 years$1,624$1,344$1,105$904$736$353
19 years$1,522$1,245$1,012$817$656$299
20 years$1,431$1,157$928$740$586$254
21 years$1,348$1,078$854$672$525$216
22 years$1,274$1,006$787$611$470$184
23 years$1,205$941$727$556$422$156
24 years$1,143$882$672$507$379$133
25 years$1,085$827$623$463$341$113
26 years$1,033$778$577$423$307$97
27 years$984$732$536$388$277$83
28 years$938$690$498$355$250$70
29 years$896$651$464$326$226$60
30 years$857$614$432$299$204$51
31 years$820$581$403$275$185$44
32 years$786$550$376$252$167$38
33 years$754$520$351$232$151$32
34 years$724$493$328$213$137$27
35 years$695$468$306$196$124$23
36 years$669$444$287$181$112$20
37 years$643$422$268$167$102$17
38 years$620$401$251$154$92$15
39 years$597$381$235$142$84$13
40 years$576$363$221$131$76$11
41 years$555$345$207$121$69$9
42 years$536$329$194$111$62$8
43 years$518$313$182$103$57$7
44 years$500$299$171$95$51$6
45 years$484$285$161$88$47$5
46 years$468$272$151$81$42$4
47 years$453$259$142$75$39$4
48 years$438$247$133$69$35$3
49 years$424$236$125$64$32$3
50 years$411$226$118$59$29$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $421,000, adding $6,513 every year, while hoping to spend $28,813 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: 60/10/30 Blend
53$421,000$421,000$421,000$421,000
54$470,660$448,347$441,822$494,707
55$488,011$439,659$425,966$503,198
56$506,165$429,580$408,613$508,838
57$525,176$418,011$389,683$514,401
58$545,097$404,847$369,091$519,886
59$565,991$389,979$346,750$525,295
60$587,923$373,289$322,567$530,631
61$610,965$354,653$296,446$535,898
62$635,193$333,941$268,287$541,103
63$660,693$311,014$237,985$546,255
64$687,556$285,726$205,430$551,364
65$715,882$257,923$170,508$556,447
66$745,781$227,440$133,099$561,520
67$777,372$194,105$93,078$566,606
68$810,783$157,736$50,316$571,731
69$846,158$118,140$4,676$576,926
70$883,649$75,112$0$582,228
71$923,428$28,439$0$601,776
72$965,677$0$0$624,038
73$1,010,600$0$0$650,057
74$1,058,417$0$0$681,102
75$1,109,371$0$0$714,203
76$1,163,726$0$0$749,534
77$1,221,773$0$0$787,287
78$1,283,831$0$0$827,673
79$1,350,248$0$0$870,920
80$1,421,406$0$0$917,281
81$1,497,726$0$0$967,033
82$1,579,667$0$0$1,020,480
83$1,667,736$0$0$1,077,955
84$1,762,486$0$0$1,139,824
85$1,864,527$0$0$1,206,489
86$1,974,527$0$0$1,278,392
87$2,093,222$0$0$1,356,017
88$2,221,418$0$0$1,439,898
89$2,360,003$0$0$1,530,620
90$2,509,952$0$0$1,628,827
91$2,672,336$0$0$1,735,226
92$2,848,334$0$0$1,850,597
93$3,039,241$0$0$1,975,794
94$3,246,483$0$0$2,111,759
95$3,471,627$0$0$2,259,528
96$3,716,396$0$0$2,420,238
97$3,982,688$0$0$2,595,143
98$4,272,589$0$0$2,785,622
99$4,588,395$0$0$2,993,192
100$4,932,634$0$0$3,219,522