Can I retire at age 54 with 438,000?

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 $438,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$36,170$35,847$35,533$35,226$34,927$34,292
2 years$17,906$17,572$17,249$16,936$16,632$15,994
3 years$11,819$11,484$11,161$10,851$10,552$9,932
4 years$8,776$8,442$8,123$7,817$7,526$6,928
5 years$6,950$6,618$6,303$6,005$5,721$5,147
6 years$5,734$5,404$5,094$4,802$4,527$3,977
7 years$4,865$4,539$4,233$3,948$3,681$3,157
8 years$4,214$3,890$3,590$3,312$3,054$2,554
9 years$3,708$3,387$3,092$2,821$2,572$2,096
10 years$3,303$2,986$2,696$2,432$2,191$1,739
11 years$2,972$2,658$2,373$2,116$1,885$1,456
12 years$2,697$2,386$2,106$1,856$1,633$1,227
13 years$2,464$2,156$1,882$1,639$1,424$1,040
14 years$2,264$1,960$1,691$1,455$1,248$886
15 years$2,092$1,790$1,527$1,297$1,099$757
16 years$1,941$1,643$1,384$1,162$972$649
17 years$1,807$1,513$1,259$1,044$861$558
18 years$1,689$1,398$1,150$941$766$481
19 years$1,584$1,295$1,053$850$683$415
20 years$1,489$1,204$966$770$610$359
21 years$1,403$1,121$888$699$546$311
22 years$1,325$1,047$819$635$489$270
23 years$1,254$979$756$578$439$234
24 years$1,189$917$699$528$395$204
25 years$1,129$861$648$482$355$177
26 years$1,074$809$601$441$320$154
27 years$1,023$761$558$403$288$134
28 years$976$717$519$369$260$117
29 years$932$677$483$339$235$102
30 years$892$639$449$311$212$89
31 years$853$604$419$286$192$77
32 years$818$572$391$262$174$68
33 years$784$541$365$241$157$59
34 years$753$513$341$222$142$51
35 years$723$487$319$204$129$45
36 years$696$462$298$188$117$39
37 years$669$439$279$173$106$34
38 years$645$417$261$160$96$30
39 years$621$397$245$147$87$26
40 years$599$377$230$136$79$23
41 years$578$359$215$125$72$20
42 years$558$342$202$116$65$17
43 years$539$326$190$107$59$15
44 years$520$311$178$99$54$13
45 years$503$296$167$91$49$12
46 years$487$283$157$84$44$10
47 years$471$270$147$78$40$9
48 years$456$257$138$72$36$8
49 years$441$246$130$66$33$7
50 years$428$235$122$61$30$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $438,000, adding $5,507 every year, while hoping to spend $27,330 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: 46/36/18 Blend
53$438,000$438,000$438,000$438,000
54$488,356$465,142$458,353$508,081
55$509,090$458,856$444,629$516,117
56$531,022$451,345$429,530$521,654
57$554,247$442,521$412,979$527,083
58$578,866$432,290$394,900$532,404
59$604,990$420,552$375,209$537,623
60$632,743$407,203$353,822$542,745
61$662,256$392,130$330,649$547,778
62$693,677$375,214$305,596$552,735
63$727,164$356,332$278,566$557,632
64$762,893$335,351$249,456$562,488
65$801,056$312,131$218,160$567,328
66$841,862$286,524$184,567$572,182
67$885,542$258,373$148,560$577,086
68$932,348$227,515$110,018$582,083
69$982,558$193,773$68,814$587,225
70$1,036,475$156,964$24,815$592,571
71$1,094,433$116,893$0$598,191
72$1,156,799$73,354$0$608,418
73$1,223,973$26,130$0$624,458
74$1,296,399$0$0$641,675
75$1,374,561$0$0$670,131
76$1,458,992$0$0$712,091
77$1,550,278$0$0$757,500
78$1,649,064$0$0$806,682
79$1,756,056$0$0$859,997
80$1,872,033$0$0$917,838
81$1,997,851$0$0$980,636
82$2,134,450$0$0$1,048,870
83$2,282,867$0$0$1,123,062
84$2,444,239$0$0$1,203,788
85$2,619,820$0$0$1,291,683
86$2,810,987$0$0$1,387,445
87$3,019,257$0$0$1,491,840
88$3,246,300$0$0$1,605,714
89$3,493,953$0$0$1,729,997
90$3,764,236$0$0$1,865,713
91$4,059,377$0$0$2,013,988
92$4,381,824$0$0$2,176,063
93$4,734,275$0$0$2,353,305
94$5,119,699$0$0$2,547,217
95$5,541,366$0$0$2,759,454
96$6,002,877$0$0$2,991,841
97$6,508,194$0$0$3,246,386
98$7,061,684$0$0$3,525,300
99$7,668,155$0$0$3,831,018
100$8,332,900$0$0$4,166,223