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%17.2%
1 years$36,913$36,584$36,263$35,950$35,644$34,600
2 years$18,274$17,933$17,604$17,284$16,974$15,930
3 years$12,061$11,720$11,391$11,074$10,769$9,759
4 years$8,956$8,615$8,289$7,978$7,680$6,711
5 years$7,093$6,754$6,433$6,128$5,838$4,913
6 years$5,852$5,515$5,199$4,901$4,620$3,739
7 years$4,965$4,632$4,320$4,029$3,757$2,921
8 years$4,301$3,970$3,664$3,380$3,117$2,325
9 years$3,784$3,457$3,156$2,879$2,625$1,876
10 years$3,371$3,047$2,751$2,482$2,237$1,530
11 years$3,033$2,713$2,422$2,160$1,923$1,258
12 years$2,752$2,435$2,150$1,894$1,667$1,041
13 years$2,514$2,200$1,921$1,672$1,454$866
14 years$2,311$2,000$1,726$1,485$1,274$724
15 years$2,135$1,827$1,558$1,324$1,122$607
16 years$1,980$1,676$1,413$1,186$992$510
17 years$1,845$1,544$1,285$1,065$879$430
18 years$1,724$1,427$1,173$960$782$363
19 years$1,616$1,322$1,074$867$697$307
20 years$1,519$1,229$986$786$622$260
21 years$1,432$1,144$907$713$557$220
22 years$1,352$1,068$836$648$499$187
23 years$1,280$999$772$590$448$159
24 years$1,213$936$714$538$403$135
25 years$1,152$878$661$492$362$115
26 years$1,096$826$613$450$326$98
27 years$1,044$777$569$412$294$83
28 years$996$732$529$377$266$71
29 years$952$691$492$346$240$60
30 years$910$652$459$317$217$51
31 years$871$617$428$291$196$44
32 years$835$583$399$268$177$37
33 years$801$553$373$246$160$32
34 years$768$524$348$227$145$27
35 years$738$497$325$209$132$23
36 years$710$471$304$192$119$20
37 years$683$448$285$177$108$17
38 years$658$426$267$163$98$14
39 years$634$405$250$150$89$12
40 years$611$385$234$139$81$10
41 years$590$366$220$128$73$9
42 years$569$349$206$118$66$8
43 years$550$333$193$109$60$6
44 years$531$317$182$101$55$6
45 years$513$302$170$93$50$5
46 years$497$288$160$86$45$4
47 years$481$275$150$79$41$3
48 years$465$263$141$73$37$3
49 years$450$251$133$68$34$2
50 years$436$240$125$63$31$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $447,000, adding $2,716 every year, while hoping to spend $20,317 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: 66/17/17 Blend
53$447,000$447,000$447,000$447,000
54$495,396$471,705$464,776$525,861
55$524,309$473,201$458,729$548,081
56$555,490$474,090$451,798$569,756
57$589,150$474,320$443,933$592,954
58$625,518$473,836$435,080$617,822
59$664,849$472,582$425,183$644,526
60$707,420$470,495$414,183$673,247
61$753,538$467,511$402,020$704,186
62$803,541$463,561$388,629$737,563
63$857,797$458,571$373,944$773,624
64$916,715$452,463$357,893$812,638
65$980,743$445,157$340,405$854,904
66$1,050,373$436,563$321,403$900,752
67$1,126,147$426,591$300,806$950,544
68$1,208,662$415,142$278,531$1,004,685
69$1,298,575$402,113$254,491$1,063,616
70$1,396,607$387,395$228,595$1,127,827
71$1,503,555$370,871$200,746$1,197,861
72$1,620,293$352,419$170,846$1,274,314
73$1,747,784$331,909$138,791$1,357,846
74$1,887,090$309,204$104,472$1,449,183
75$2,039,377$284,159$67,776$1,549,131
76$2,205,931$256,620$28,584$1,658,576
77$2,388,168$226,427$0$1,778,496
78$2,587,645$193,406$0$1,912,374
79$2,806,080$157,378$0$2,064,690
80$3,045,362$118,151$0$2,231,594
81$3,307,572$75,523$0$2,414,563
82$3,595,002$29,282$0$2,615,227
83$3,910,177$0$0$2,835,380
84$4,255,877$0$0$3,080,895
85$4,635,164$0$0$3,356,302
86$5,051,413$0$0$3,658,576
87$5,508,337$0$0$3,990,421
88$6,010,031$0$0$4,354,812
89$6,561,003$0$0$4,755,028
90$7,166,219$0$0$5,194,681
91$7,831,151$0$0$5,677,750
92$8,561,827$0$0$6,208,618
93$9,364,886$0$0$6,792,114
94$10,247,644$0$0$7,433,558
95$11,218,161$0$0$8,138,812
96$12,285,317$0$0$8,914,334
97$13,458,894$0$0$9,767,238
98$14,749,671$0$0$10,705,362
99$16,169,522$0$0$11,737,344
100$17,731,534$0$0$12,872,700