Can I retire at age 54 with 428,000?

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 $428,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$35,344$35,029$34,722$34,422$34,129$33,829
2 years$17,497$17,171$16,855$16,549$16,252$15,950
3 years$11,549$11,221$10,906$10,603$10,311$10,016
4 years$8,575$8,249$7,937$7,639$7,354$7,068
5 years$6,792$6,467$6,160$5,867$5,590$5,314
6 years$5,603$5,281$4,978$4,692$4,423$4,158
7 years$4,754$4,435$4,137$3,858$3,597$3,343
8 years$4,118$3,802$3,508$3,236$2,984$2,740
9 years$3,623$3,310$3,022$2,757$2,513$2,280
10 years$3,228$2,918$2,634$2,376$2,141$1,918
11 years$2,904$2,597$2,319$2,068$1,842$1,629
12 years$2,635$2,331$2,058$1,814$1,596$1,393
13 years$2,408$2,107$1,839$1,601$1,392$1,199
14 years$2,213$1,915$1,652$1,422$1,220$1,037
15 years$2,044$1,749$1,492$1,268$1,074$900
16 years$1,896$1,605$1,352$1,135$949$784
17 years$1,766$1,478$1,231$1,020$842$686
18 years$1,651$1,366$1,123$919$748$601
19 years$1,547$1,266$1,028$831$667$527
20 years$1,455$1,176$944$752$596$464
21 years$1,371$1,096$868$683$533$409
22 years$1,295$1,023$800$621$478$361
23 years$1,225$957$739$565$429$319
24 years$1,162$896$683$516$386$282
25 years$1,103$841$633$471$347$250
26 years$1,050$791$587$431$313$221
27 years$1,000$744$545$394$282$196
28 years$954$701$507$361$254$174
29 years$911$661$472$331$230$155
30 years$871$625$439$304$207$137
31 years$834$590$409$279$188$122
32 years$799$559$382$256$170$109
33 years$766$529$357$236$154$97
34 years$736$501$333$217$139$86
35 years$707$476$312$200$126$77
36 years$680$451$291$184$114$68
37 years$654$429$273$170$103$61
38 years$630$407$255$156$94$54
39 years$607$387$239$144$85$48
40 years$585$369$224$133$77$43
41 years$565$351$210$123$70$38
42 years$545$334$197$113$63$34
43 years$526$318$185$104$58$30
44 years$509$304$174$96$52$27
45 years$492$289$163$89$47$24
46 years$475$276$153$82$43$22
47 years$460$263$144$76$39$19
48 years$445$252$135$70$36$17
49 years$431$240$127$65$32$15
50 years$418$229$120$60$29$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $428,000, adding $5,025 every year, while hoping to spend $31,378 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: 40/43/17 Blend
53$428,000$428,000$428,000$428,000
54$476,839$454,155$447,521$493,324
55$492,091$443,023$429,127$494,399
56$507,847$430,293$409,065$492,149
57$524,125$415,855$387,247$489,051
58$540,944$399,591$363,578$485,046
59$558,325$381,375$337,963$480,069
60$576,288$361,077$310,298$474,050
61$594,855$338,555$280,479$466,920
62$614,049$313,664$248,394$458,601
63$633,895$286,246$213,928$449,014
64$654,416$256,136$176,959$438,075
65$675,641$223,161$137,361$425,694
66$697,597$187,136$95,003$411,777
67$720,313$147,867$49,747$396,226
68$743,820$105,148$1,449$378,935
69$768,151$58,762$0$359,797
70$793,340$8,479$0$347,781
71$819,424$0$0$334,550
72$846,442$0$0$341,481
73$874,433$0$0$352,823
74$903,441$0$0$364,582
75$933,513$0$0$376,778
76$964,696$0$0$389,430
77$997,043$0$0$402,560
78$1,030,609$0$0$416,192
79$1,065,452$0$0$430,351
80$1,101,635$0$0$445,063
81$1,139,226$0$0$460,356
82$1,178,295$0$0$476,260
83$1,218,920$0$0$492,809
84$1,261,182$0$0$510,037
85$1,305,170$0$0$527,981
86$1,350,978$0$0$546,682
87$1,398,708$0$0$566,183
88$1,448,469$0$0$586,531
89$1,500,379$0$0$607,777
90$1,554,566$0$0$629,974
91$1,611,165$0$0$653,182
92$1,670,326$0$0$677,464
93$1,732,208$0$0$702,889
94$1,796,984$0$0$729,531
95$1,864,843$0$0$757,472
96$1,935,987$0$0$786,799
97$2,010,637$0$0$817,607
98$2,089,032$0$0$850,001
99$2,171,433$0$0$884,091
100$2,258,123$0$0$920,002