Can I retire at age 54 with 449,000?

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 $449,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$37,078$36,748$36,426$36,111$35,804$34,451
2 years$18,355$18,014$17,682$17,361$17,049$15,703
3 years$12,115$11,772$11,442$11,123$10,817$9,518
4 years$8,996$8,654$8,327$8,014$7,715$6,474
5 years$7,125$6,785$6,462$6,155$5,865$4,685
6 years$5,878$5,540$5,222$4,922$4,640$3,522
7 years$4,987$4,653$4,340$4,047$3,774$2,717
8 years$4,320$3,988$3,680$3,395$3,131$2,135
9 years$3,801$3,472$3,170$2,892$2,637$1,700
10 years$3,386$3,061$2,764$2,493$2,247$1,367
11 years$3,047$2,725$2,433$2,169$1,932$1,108
12 years$2,765$2,446$2,159$1,903$1,674$904
13 years$2,526$2,210$1,929$1,680$1,460$741
14 years$2,321$2,009$1,733$1,491$1,280$609
15 years$2,144$1,835$1,565$1,330$1,127$503
16 years$1,989$1,684$1,419$1,191$996$416
17 years$1,853$1,551$1,291$1,070$883$345
18 years$1,732$1,433$1,179$964$785$287
19 years$1,623$1,328$1,079$871$700$238
20 years$1,526$1,234$990$789$625$198
21 years$1,438$1,149$911$716$559$165
22 years$1,358$1,073$839$651$501$138
23 years$1,285$1,004$775$593$450$115
24 years$1,219$940$717$541$405$96
25 years$1,158$882$664$494$364$80
26 years$1,101$829$616$452$328$67
27 years$1,049$780$572$413$296$56
28 years$1,001$735$532$379$267$47
29 years$956$694$495$347$241$39
30 years$914$655$461$319$218$33
31 years$875$619$430$293$197$28
32 years$838$586$401$269$178$23
33 years$804$555$374$247$161$19
34 years$772$526$350$228$146$16
35 years$742$499$327$210$132$14
36 years$713$474$306$193$120$11
37 years$686$450$286$178$108$9
38 years$661$427$268$164$98$8
39 years$637$406$251$151$89$7
40 years$614$387$235$139$81$6
41 years$592$368$221$129$73$5
42 years$572$351$207$119$67$4
43 years$552$334$194$110$60$3
44 years$533$318$182$101$55$3
45 years$516$304$171$93$50$2
46 years$499$290$161$86$45$2
47 years$483$276$151$80$41$2
48 years$467$264$142$74$37$1
49 years$452$252$133$68$34$1
50 years$438$241$125$63$31$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $449,000, adding $4,766 every year, while hoping to spend $33,035 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: 58/27/15 Blend
53$449,000$449,000$449,000$449,000
54$499,714$475,917$468,958$526,511
55$515,536$464,088$449,519$533,361
56$531,864$450,572$428,321$536,769
57$548,716$435,252$405,272$539,716
58$566,109$418,003$380,272$542,163
59$584,061$398,694$353,220$544,069
60$602,590$377,185$324,008$545,388
61$621,717$353,329$292,524$546,076
62$641,460$326,971$258,653$546,082
63$661,842$297,945$222,270$545,355
64$682,884$266,079$183,250$543,839
65$704,608$231,187$141,459$541,477
66$727,039$193,075$96,759$538,206
67$750,200$151,539$49,003$533,963
68$774,117$106,361$0$528,678
69$798,817$57,313$0$522,593
70$824,327$4,152$0$523,709
71$850,676$0$0$524,119
72$877,893$0$0$539,626
73$906,012$0$0$556,921
74$935,063$0$0$574,791
75$965,081$0$0$593,258
76$996,103$0$0$612,343
77$1,028,165$0$0$632,069
78$1,061,308$0$0$652,462
79$1,095,571$0$0$673,546
80$1,130,998$0$0$695,349
81$1,167,635$0$0$717,898
82$1,205,529$0$0$741,224
83$1,244,730$0$0$765,357
84$1,285,291$0$0$790,330
85$1,327,268$0$0$816,177
86$1,370,719$0$0$842,936
87$1,415,706$0$0$870,645
88$1,462,294$0$0$899,345
89$1,510,554$0$0$929,079
90$1,560,558$0$0$959,893
91$1,612,384$0$0$991,835
92$1,666,115$0$0$1,024,958
93$1,721,839$0$0$1,059,315
94$1,779,648$0$0$1,094,966
95$1,839,642$0$0$1,131,973
96$1,901,928$0$0$1,170,402
97$1,966,618$0$0$1,210,325
98$2,033,834$0$0$1,251,816
99$2,103,704$0$0$1,294,958
100$2,176,366$0$0$1,339,838