Can I retire at age 54 with 426,000?

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 $426,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$35,179$34,865$34,560$34,261$33,970$33,657
2 years$17,415$17,091$16,777$16,472$16,176$15,861
3 years$11,495$11,169$10,856$10,554$10,263$9,955
4 years$8,535$8,210$7,900$7,603$7,320$7,022
5 years$6,760$6,437$6,131$5,840$5,564$5,277
6 years$5,577$5,256$4,955$4,670$4,403$4,127
7 years$4,732$4,414$4,117$3,840$3,581$3,316
8 years$4,099$3,784$3,492$3,221$2,970$2,717
9 years$3,606$3,295$3,007$2,744$2,502$2,259
10 years$3,213$2,904$2,622$2,365$2,131$1,899
11 years$2,891$2,585$2,308$2,058$1,833$1,612
12 years$2,623$2,320$2,049$1,805$1,589$1,378
13 years$2,396$2,097$1,830$1,594$1,385$1,185
14 years$2,202$1,906$1,645$1,415$1,214$1,024
15 years$2,034$1,741$1,485$1,262$1,069$888
16 years$1,887$1,598$1,346$1,130$945$774
17 years$1,758$1,471$1,225$1,015$838$676
18 years$1,643$1,360$1,118$915$745$592
19 years$1,540$1,260$1,024$827$664$519
20 years$1,448$1,171$939$749$593$456
21 years$1,364$1,091$864$679$531$402
22 years$1,289$1,018$796$618$476$354
23 years$1,220$952$735$563$427$313
24 years$1,156$892$680$513$384$277
25 years$1,098$837$630$469$345$245
26 years$1,045$787$584$429$311$217
27 years$995$740$542$392$281$192
28 years$949$698$504$359$253$170
29 years$907$658$469$330$229$151
30 years$867$622$437$302$207$134
31 years$830$588$408$278$187$119
32 years$795$556$380$255$169$106
33 years$763$527$355$235$153$94
34 years$732$499$332$216$138$84
35 years$704$473$310$199$125$74
36 years$677$449$290$183$114$66
37 years$651$427$272$169$103$59
38 years$627$406$254$156$93$52
39 years$604$386$238$143$85$47
40 years$582$367$223$132$77$42
41 years$562$349$209$122$70$37
42 years$542$333$196$113$63$33
43 years$524$317$184$104$57$29
44 years$506$302$173$96$52$26
45 years$489$288$162$89$47$23
46 years$473$275$153$82$43$21
47 years$458$262$143$76$39$18
48 years$443$250$135$70$35$16
49 years$429$239$127$65$32$15
50 years$416$228$119$60$29$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $426,000, adding $3,940 every year, while hoping to spend $28,719 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: 38/34/28 Blend
53$426,000$426,000$426,000$426,000
54$473,516$450,938$444,335$487,440
55$491,258$442,477$428,664$489,560
56$509,847$432,639$411,504$488,932
57$529,339$421,326$392,778$487,705
58$549,795$408,435$372,399$485,843
59$571,282$393,856$350,282$483,309
60$593,870$377,472$326,334$480,065
61$617,639$359,162$300,460$476,073
62$642,672$338,795$272,560$471,293
63$669,063$316,234$242,529$465,685
64$696,912$291,335$210,258$459,208
65$726,329$263,942$175,634$451,820
66$757,434$233,895$138,537$443,479
67$790,358$201,022$98,844$434,143
68$825,244$165,141$56,425$423,770
69$862,248$126,062$11,144$412,318
70$901,540$83,582$0$399,745
71$943,308$37,488$0$397,118
72$987,754$0$0$397,566
73$1,035,103$0$0$402,421
74$1,085,600$0$0$422,589
75$1,139,513$0$0$444,157
76$1,197,134$0$0$467,246
77$1,258,787$0$0$491,991
78$1,324,824$0$0$518,538
79$1,395,633$0$0$547,048
80$1,471,638$0$0$577,698
81$1,553,305$0$0$610,682
82$1,641,147$0$0$646,214
83$1,735,725$0$0$684,527
84$1,837,656$0$0$725,878
85$1,947,617$0$0$770,550
86$2,066,355$0$0$818,854
87$2,194,686$0$0$871,131
88$2,333,510$0$0$927,755
89$2,483,815$0$0$989,140
90$2,646,689$0$0$1,055,739
91$2,823,325$0$0$1,128,051
92$3,015,039$0$0$1,206,625
93$3,223,276$0$0$1,292,063
94$3,449,624$0$0$1,385,031
95$3,695,834$0$0$1,486,259
96$3,963,830$0$0$1,596,550
97$4,255,727$0$0$1,716,790
98$4,573,858$0$0$1,847,952
99$4,920,785$0$0$1,991,108
100$5,299,331$0$0$2,147,438