Can I retire at age 54 with 427,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $427,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$35,261$34,947$34,641$34,342$34,050$32,999
2 years$17,456$17,131$16,816$16,510$16,214$15,165
3 years$11,522$11,195$10,881$10,578$10,287$9,272
4 years$8,555$8,230$7,919$7,621$7,337$6,364
5 years$6,776$6,452$6,145$5,854$5,577$4,649
6 years$5,590$5,269$4,966$4,681$4,413$3,530
7 years$4,743$4,425$4,127$3,849$3,589$2,752
8 years$4,108$3,793$3,500$3,229$2,977$2,185
9 years$3,615$3,302$3,015$2,750$2,507$1,759
10 years$3,220$2,911$2,628$2,371$2,136$1,431
11 years$2,898$2,591$2,314$2,063$1,837$1,173
12 years$2,629$2,326$2,053$1,810$1,592$969
13 years$2,402$2,102$1,835$1,598$1,388$804
14 years$2,207$1,911$1,648$1,418$1,217$669
15 years$2,039$1,745$1,488$1,265$1,072$560
16 years$1,892$1,601$1,349$1,132$947$469
17 years$1,762$1,475$1,228$1,018$840$394
18 years$1,647$1,363$1,121$917$747$332
19 years$1,544$1,263$1,026$829$666$280
20 years$1,451$1,174$942$750$594$236
21 years$1,368$1,093$866$681$532$200
22 years$1,292$1,020$798$619$477$169
23 years$1,222$954$737$564$428$143
24 years$1,159$894$682$514$385$121
25 years$1,101$839$631$470$346$103
26 years$1,047$789$586$430$312$87
27 years$998$742$544$393$281$74
28 years$952$699$505$360$254$63
29 years$909$660$470$330$229$53
30 years$869$623$438$303$207$45
31 years$832$589$408$278$187$38
32 years$797$557$381$256$169$33
33 years$765$528$356$235$153$28
34 years$734$500$332$216$139$24
35 years$705$474$311$199$126$20
36 years$678$450$291$184$114$17
37 years$653$428$272$169$103$14
38 years$628$407$255$156$94$12
39 years$605$387$239$144$85$10
40 years$584$368$224$133$77$9
41 years$563$350$210$122$70$8
42 years$544$333$197$113$63$6
43 years$525$318$185$104$57$5
44 years$507$303$173$96$52$5
45 years$490$289$163$89$47$4
46 years$474$275$153$82$43$3
47 years$459$263$144$76$39$3
48 years$444$251$135$70$35$2
49 years$430$240$127$65$32$2
50 years$417$229$119$60$29$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $427,000, adding $6,236 every year, while hoping to spend $26,630 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: 51/25/24 Blend
53$427,000$427,000$427,000$427,000
54$476,986$454,355$447,737$497,822
55$497,305$448,285$434,402$506,856
56$518,803$441,024$419,728$513,459
57$541,574$432,487$403,641$520,094
58$565,718$422,582$386,067$526,775
59$591,344$411,212$366,923$533,519
60$618,575$398,274$346,128$540,345
61$647,540$383,661$323,595$547,278
62$678,385$367,256$299,231$554,346
63$711,267$348,938$272,942$561,582
64$746,360$328,579$244,628$569,025
65$783,851$306,043$214,187$576,721
66$823,950$281,185$181,508$584,720
67$866,884$253,854$146,479$593,085
68$912,902$223,888$108,982$601,882
69$962,278$191,119$68,893$611,191
70$1,015,312$155,366$26,083$621,103
71$1,072,335$116,440$0$631,718
72$1,133,708$74,140$0$648,174
73$1,199,829$28,256$0$673,037
74$1,271,135$0$0$699,806
75$1,348,105$0$0$734,587
76$1,431,266$0$0$780,598
77$1,521,198$0$0$830,392
78$1,618,537$0$0$884,325
79$1,723,983$0$0$942,790
80$1,838,306$0$0$1,006,219
81$1,962,352$0$0$1,075,086
82$2,097,051$0$0$1,149,914
83$2,243,428$0$0$1,231,278
84$2,402,608$0$0$1,319,809
85$2,575,831$0$0$1,416,202
86$2,764,459$0$0$1,521,224
87$2,969,993$0$0$1,635,716
88$3,194,084$0$0$1,760,605
89$3,438,548$0$0$1,896,911
90$3,705,385$0$0$2,045,757
91$3,996,797$0$0$2,208,379
92$4,315,208$0$0$2,386,138
93$4,663,284$0$0$2,580,532
94$5,043,964$0$0$2,793,212
95$5,460,482$0$0$3,025,992
96$5,916,398$0$0$3,280,875
97$6,415,635$0$0$3,560,062
98$6,962,510$0$0$3,865,979
99$7,561,780$0$0$4,201,297
100$8,218,682$0$0$4,568,959