Can I retire at age 54 with 437,000?

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 $437,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$36,087$35,766$35,452$35,146$34,847$34,656
2 years$17,865$17,532$17,210$16,897$16,594$16,402
3 years$11,792$11,457$11,136$10,826$10,528$10,340
4 years$8,756$8,422$8,104$7,800$7,509$7,326
5 years$6,934$6,603$6,289$5,991$5,708$5,532
6 years$5,721$5,392$5,082$4,791$4,516$4,347
7 years$4,854$4,528$4,224$3,939$3,673$3,510
8 years$4,204$3,882$3,582$3,304$3,047$2,891
9 years$3,699$3,380$3,085$2,814$2,566$2,416
10 years$3,296$2,979$2,690$2,426$2,186$2,043
11 years$2,966$2,652$2,368$2,111$1,880$1,743
12 years$2,691$2,380$2,101$1,852$1,630$1,498
13 years$2,458$2,151$1,878$1,635$1,421$1,296
14 years$2,259$1,955$1,687$1,451$1,246$1,126
15 years$2,087$1,786$1,523$1,294$1,097$983
16 years$1,936$1,639$1,381$1,159$969$862
17 years$1,803$1,509$1,257$1,041$859$757
18 years$1,685$1,395$1,147$938$764$667
19 years$1,580$1,293$1,050$848$681$589
20 years$1,485$1,201$964$768$608$521
21 years$1,400$1,119$886$697$544$462
22 years$1,322$1,044$817$634$488$410
23 years$1,251$977$754$577$438$365
24 years$1,186$915$698$526$394$325
25 years$1,127$859$646$481$354$289
26 years$1,072$807$599$440$319$258
27 years$1,021$760$556$402$288$230
28 years$974$716$517$369$260$206
29 years$930$675$481$338$234$184
30 years$890$638$448$310$212$164
31 years$852$603$418$285$192$147
32 years$816$570$390$262$173$132
33 years$783$540$364$241$157$118
34 years$751$512$340$222$142$106
35 years$722$486$318$204$129$95
36 years$694$461$298$188$116$85
37 years$668$438$279$173$106$76
38 years$643$416$261$160$96$68
39 years$620$396$244$147$87$61
40 years$597$376$229$136$79$55
41 years$576$358$215$125$71$49
42 years$556$341$201$116$65$44
43 years$537$325$189$107$59$40
44 years$519$310$177$98$53$36
45 years$502$296$167$91$48$32
46 years$485$282$157$84$44$29
47 years$470$269$147$78$40$26
48 years$455$257$138$72$36$23
49 years$440$245$130$66$33$21
50 years$427$234$122$61$30$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $437,000, adding $3,678 every year, while hoping to spend $30,911 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: 78/16/6 Blend
53$437,000$437,000$437,000$437,000
54$485,368$462,207$455,433$522,682
55$501,986$451,966$437,801$537,434
56$519,264$440,187$418,543$549,207
57$537,235$426,763$397,570$561,196
58$555,937$411,578$374,793$573,409
59$575,410$394,512$350,115$585,854
60$595,695$375,438$323,438$598,540
61$616,841$354,218$294,658$611,477
62$638,895$330,711$263,665$624,679
63$661,911$304,766$230,347$638,157
64$685,948$276,221$194,585$651,928
65$711,067$244,907$156,256$666,009
66$737,335$210,647$115,230$680,420
67$764,825$173,251$71,372$695,183
68$793,616$132,519$24,542$710,325
69$823,793$88,241$0$725,874
70$855,449$40,194$0$743,491
71$888,684$0$0$763,367
72$923,608$0$0$786,070
73$960,338$0$0$817,396
74$999,004$0$0$850,378
75$1,039,747$0$0$885,137
76$1,082,720$0$0$921,803
77$1,128,088$0$0$960,521
78$1,176,034$0$0$1,001,446
79$1,226,757$0$0$1,044,748
80$1,280,472$0$0$1,090,613
81$1,337,417$0$0$1,139,245
82$1,397,849$0$0$1,190,864
83$1,462,053$0$0$1,245,715
84$1,530,336$0$0$1,304,062
85$1,603,038$0$0$1,366,195
86$1,680,528$0$0$1,432,434
87$1,763,212$0$0$1,503,126
88$1,851,536$0$0$1,578,652
89$1,945,985$0$0$1,659,432
90$2,047,094$0$0$1,745,924
91$2,155,450$0$0$1,838,631
92$2,271,693$0$0$1,938,105
93$2,396,529$0$0$2,044,951
94$2,530,732$0$0$2,159,833
95$2,675,150$0$0$2,283,482
96$2,830,718$0$0$2,416,699
97$2,998,458$0$0$2,560,363
98$3,179,497$0$0$2,715,441
99$3,375,071$0$0$2,882,996
100$3,586,537$0$0$3,064,195