Can I retire at age 54 with 445,000?

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 $445,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$36,748$36,420$36,101$35,789$35,485$34,363
2 years$18,192$17,853$17,525$17,206$16,898$15,777
3 years$12,007$11,667$11,340$11,024$10,721$9,637
4 years$8,916$8,577$8,252$7,942$7,646$6,608
5 years$7,061$6,724$6,404$6,101$5,812$4,822
6 years$5,825$5,491$5,176$4,879$4,599$3,658
7 years$4,943$4,611$4,301$4,011$3,740$2,848
8 years$4,281$3,953$3,647$3,365$3,103$2,259
9 years$3,767$3,441$3,142$2,866$2,613$1,816
10 years$3,356$3,033$2,739$2,471$2,227$1,475
11 years$3,020$2,701$2,411$2,150$1,915$1,208
12 years$2,740$2,424$2,140$1,886$1,659$996
13 years$2,503$2,190$1,912$1,665$1,447$825
14 years$2,300$1,991$1,718$1,478$1,268$687
15 years$2,125$1,819$1,551$1,318$1,117$573
16 years$1,972$1,669$1,406$1,180$987$480
17 years$1,836$1,537$1,280$1,060$875$402
18 years$1,716$1,420$1,168$956$778$338
19 years$1,609$1,316$1,069$864$694$285
20 years$1,512$1,223$981$782$620$240
21 years$1,425$1,139$903$710$554$203
22 years$1,346$1,063$832$645$497$171
23 years$1,274$995$768$588$446$145
24 years$1,208$932$710$536$401$122
25 years$1,147$875$658$490$361$104
26 years$1,091$822$610$448$325$88
27 years$1,040$774$567$410$293$74
28 years$992$729$527$375$264$63
29 years$947$688$490$344$239$53
30 years$906$649$457$316$216$45
31 years$867$614$426$290$195$38
32 years$831$581$397$267$176$33
33 years$797$550$371$245$160$28
34 years$765$521$347$226$145$23
35 years$735$494$324$208$131$20
36 years$707$469$303$191$119$17
37 years$680$446$284$176$108$14
38 years$655$424$266$162$97$12
39 years$631$403$249$150$88$10
40 years$608$383$233$138$80$9
41 years$587$365$219$127$73$7
42 years$567$347$205$118$66$6
43 years$547$331$193$109$60$5
44 years$529$316$181$100$54$5
45 years$511$301$170$93$49$4
46 years$494$287$159$86$45$3
47 years$478$274$150$79$41$3
48 years$463$262$141$73$37$2
49 years$448$250$132$67$34$2
50 years$434$239$124$62$30$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $445,000, adding $5,908 every year, while hoping to spend $26,666 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: 54/33/13 Blend
53$445,000$445,000$445,000$445,000
54$496,484$472,899$466,002$521,300
55$518,753$467,699$453,240$533,643
56$542,400$461,350$439,158$543,692
57$567,536$453,768$423,681$554,017
58$594,286$444,864$406,736$564,648
59$622,784$434,542$388,242$575,622
60$653,176$422,703$368,116$586,982
61$685,625$409,240$346,273$598,775
62$720,307$394,041$322,621$611,056
63$757,416$376,987$297,067$623,886
64$797,164$357,952$269,511$637,335
65$839,786$336,802$239,850$651,481
66$885,536$313,398$207,977$666,414
67$934,696$287,589$173,780$682,234
68$987,574$259,220$137,140$699,055
69$1,044,507$228,122$97,935$717,004
70$1,105,868$194,122$56,037$736,224
71$1,172,064$157,032$11,312$756,875
72$1,243,545$116,656$0$779,138
73$1,320,803$72,788$0$808,267
74$1,404,379$25,209$0$841,439
75$1,494,868$0$0$877,358
76$1,592,926$0$0$925,883
77$1,699,271$0$0$988,473
78$1,814,695$0$0$1,056,443
79$1,940,069$0$0$1,130,312
80$2,076,349$0$0$1,210,648
81$2,224,590$0$0$1,298,077
82$2,385,949$0$0$1,393,288
83$2,561,702$0$0$1,497,039
84$2,753,252$0$0$1,610,165
85$2,962,143$0$0$1,733,582
86$3,190,075$0$0$1,868,302
87$3,438,919$0$0$2,015,438
88$3,710,733$0$0$2,176,213
89$4,007,786$0$0$2,351,975
90$4,332,572$0$0$2,544,211
91$4,687,840$0$0$2,754,552
92$5,076,616$0$0$2,984,800
93$5,502,232$0$0$3,236,935
94$5,968,356$0$0$3,513,140
95$6,479,029$0$0$3,815,819
96$7,038,701$0$0$4,147,617
97$7,652,272$0$0$4,511,450
98$8,325,139$0$0$4,910,528
99$9,063,247$0$0$5,348,388
100$9,873,144$0$0$5,828,925