Can I retire at age 54 with 447,000?

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 $447,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$36,913$36,584$36,263$35,950$35,644$35,405
2 years$18,274$17,933$17,604$17,284$16,974$16,732
3 years$12,061$11,720$11,391$11,074$10,769$10,533
4 years$8,956$8,615$8,289$7,978$7,680$7,451
5 years$7,093$6,754$6,433$6,128$5,838$5,618
6 years$5,852$5,515$5,199$4,901$4,620$4,407
7 years$4,965$4,632$4,320$4,029$3,757$3,553
8 years$4,301$3,970$3,664$3,380$3,117$2,921
9 years$3,784$3,457$3,156$2,879$2,625$2,437
10 years$3,371$3,047$2,751$2,482$2,237$2,057
11 years$3,033$2,713$2,422$2,160$1,923$1,752
12 years$2,752$2,435$2,150$1,894$1,667$1,503
13 years$2,514$2,200$1,921$1,672$1,454$1,298
14 years$2,311$2,000$1,726$1,485$1,274$1,126
15 years$2,135$1,827$1,558$1,324$1,122$981
16 years$1,980$1,676$1,413$1,186$992$858
17 years$1,845$1,544$1,285$1,065$879$752
18 years$1,724$1,427$1,173$960$782$661
19 years$1,616$1,322$1,074$867$697$583
20 years$1,519$1,229$986$786$622$515
21 years$1,432$1,144$907$713$557$455
22 years$1,352$1,068$836$648$499$403
23 years$1,280$999$772$590$448$358
24 years$1,213$936$714$538$403$318
25 years$1,152$878$661$492$362$282
26 years$1,096$826$613$450$326$251
27 years$1,044$777$569$412$294$224
28 years$996$732$529$377$266$199
29 years$952$691$492$346$240$178
30 years$910$652$459$317$217$159
31 years$871$617$428$291$196$141
32 years$835$583$399$268$177$126
33 years$801$553$373$246$160$113
34 years$768$524$348$227$145$101
35 years$738$497$325$209$132$90
36 years$710$471$304$192$119$81
37 years$683$448$285$177$108$72
38 years$658$426$267$163$98$64
39 years$634$405$250$150$89$58
40 years$611$385$234$139$81$52
41 years$590$366$220$128$73$46
42 years$569$349$206$118$66$41
43 years$550$333$193$109$60$37
44 years$531$317$182$101$55$33
45 years$513$302$170$93$50$30
46 years$497$288$160$86$45$27
47 years$481$275$150$79$41$24
48 years$465$263$141$73$37$21
49 years$450$251$133$68$34$19
50 years$436$240$125$63$31$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $447,000, adding $5,848 every year, while hoping to spend $24,817 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: 47/31/22 Blend
53$447,000$447,000$447,000$447,000
54$498,626$474,935$468,007$518,688
55$523,081$471,802$457,280$530,183
56$549,198$467,683$445,362$539,720
57$577,122$462,505$432,187$549,563
58$607,008$456,188$417,685$559,754
59$639,031$448,649$401,785$570,337
60$673,377$439,798$384,410$581,364
61$710,256$429,543$365,483$592,895
62$749,895$417,783$344,919$604,997
63$792,544$404,413$322,633$617,744
64$838,476$389,323$298,534$631,223
65$887,994$372,393$272,529$645,529
66$941,429$353,500$244,518$660,773
67$999,144$332,510$214,398$677,074
68$1,061,540$309,286$182,063$694,572
69$1,129,054$283,679$147,400$713,420
70$1,202,172$255,533$110,292$733,791
71$1,281,423$224,684$70,616$755,879
72$1,367,391$190,956$28,245$779,900
73$1,460,719$154,167$0$806,097
74$1,562,113$114,122$0$838,725
75$1,672,349$70,615$0$881,438
76$1,792,283$23,429$0$927,970
77$1,922,855$0$0$978,733
78$2,065,100$0$0$1,043,621
79$2,220,156$0$0$1,123,113
80$2,389,278$0$0$1,209,864
81$2,573,843$0$0$1,304,587
82$2,775,371$0$0$1,408,068
83$2,995,534$0$0$1,521,173
84$3,236,170$0$0$1,644,853
85$3,499,308$0$0$1,780,156
86$3,787,176$0$0$1,928,238
87$4,102,231$0$0$2,090,369
88$4,447,178$0$0$2,267,949
89$4,824,995$0$0$2,462,520
90$5,238,962$0$0$2,675,779
91$5,692,691$0$0$2,909,596
92$6,190,159$0$0$3,166,030
93$6,735,749$0$0$3,447,350
94$7,334,287$0$0$3,756,054
95$7,991,087$0$0$4,094,893
96$8,712,005$0$0$4,466,899
97$9,503,490$0$0$4,875,410
98$10,372,646$0$0$5,324,106
99$11,327,301$0$0$5,817,038
100$12,376,074$0$0$6,358,671