Can I retire at age 54 with 453,000?

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 $453,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$37,408$37,075$36,750$36,433$36,123$34,897
2 years$18,519$18,174$17,840$17,516$17,201$15,978
3 years$12,223$11,877$11,544$11,222$10,913$9,732
4 years$9,076$8,731$8,401$8,085$7,783$6,653
5 years$7,188$6,845$6,519$6,210$5,917$4,839
6 years$5,930$5,590$5,269$4,966$4,682$3,659
7 years$5,032$4,694$4,378$4,083$3,808$2,839
8 years$4,358$4,024$3,713$3,425$3,159$2,244
9 years$3,835$3,503$3,198$2,918$2,660$1,797
10 years$3,416$3,088$2,788$2,515$2,267$1,455
11 years$3,074$2,749$2,455$2,189$1,949$1,187
12 years$2,789$2,467$2,178$1,920$1,689$974
13 years$2,548$2,230$1,946$1,695$1,473$804
14 years$2,342$2,027$1,749$1,505$1,291$666
15 years$2,163$1,852$1,579$1,342$1,137$554
16 years$2,007$1,699$1,431$1,201$1,005$461
17 years$1,869$1,565$1,303$1,079$891$385
18 years$1,747$1,446$1,189$973$792$323
19 years$1,638$1,340$1,089$879$706$270
20 years$1,540$1,245$999$796$631$227
21 years$1,451$1,160$919$723$564$191
22 years$1,370$1,083$847$657$506$160
23 years$1,297$1,012$782$598$454$135
24 years$1,230$949$723$546$408$113
25 years$1,168$890$670$498$367$96
26 years$1,111$837$621$456$331$81
27 years$1,058$787$577$417$298$68
28 years$1,010$742$536$382$269$57
29 years$964$700$499$350$243$48
30 years$922$661$465$322$220$41
31 years$883$625$433$295$199$34
32 years$846$591$404$271$180$29
33 years$811$560$378$250$163$24
34 years$779$531$353$230$147$21
35 years$748$503$330$211$133$17
36 years$719$478$309$195$121$15
37 years$692$454$289$179$109$12
38 years$667$431$270$165$99$10
39 years$642$410$253$152$90$9
40 years$619$390$237$141$82$7
41 years$597$371$223$130$74$6
42 years$577$354$209$120$67$5
43 years$557$337$196$111$61$5
44 years$538$321$184$102$55$4
45 years$520$306$173$94$50$3
46 years$503$292$162$87$46$3
47 years$487$279$152$80$41$2
48 years$471$266$143$74$38$2
49 years$457$254$135$69$34$2
50 years$442$243$127$63$31$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $453,000, adding $2,858 every year, while hoping to spend $24,215 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: 68/21/11 Blend
53$453,000$453,000$453,000$453,000
54$502,154$478,145$471,124$534,939
55$527,609$475,810$461,142$554,757
56$554,849$472,548$450,014$573,254
57$584,030$468,290$437,676$592,850
58$615,325$462,959$424,061$613,651
59$648,920$456,476$409,100$635,771
60$685,024$448,757$392,718$659,340
61$723,862$439,713$374,840$684,498
62$765,685$429,247$355,386$711,402
63$810,764$417,260$334,271$740,226
64$859,402$403,646$311,409$771,162
65$911,928$388,291$286,708$804,422
66$968,705$371,078$260,073$840,240
67$1,030,132$351,879$231,405$878,878
68$1,096,647$330,563$200,598$920,621
69$1,168,731$306,987$167,545$965,789
70$1,246,916$281,003$132,131$1,014,731
71$1,331,783$252,454$94,239$1,067,838
72$1,423,973$221,172$53,744$1,125,538
73$1,524,192$186,983$10,518$1,188,307
74$1,633,214$149,700$0$1,256,669
75$1,751,894$109,128$0$1,335,385
76$1,881,170$65,058$0$1,422,505
77$2,022,076$17,272$0$1,517,521
78$2,175,748$0$0$1,621,232
79$2,343,439$0$0$1,742,486
80$2,526,526$0$0$1,879,255
81$2,726,525$0$0$2,028,685
82$2,945,107$0$0$2,192,026
83$3,184,108$0$0$2,370,654
84$3,445,554$0$0$2,566,087
85$3,731,673$0$0$2,779,992
86$4,044,918$0$0$3,014,210
87$4,387,991$0$0$3,270,763
88$4,763,867$0$0$3,551,881
89$5,175,825$0$0$3,860,020
90$5,627,473$0$0$4,197,883
91$6,122,786$0$0$4,568,449
92$6,666,143$0$0$4,974,997
93$7,262,364$0$0$5,421,141
94$7,916,764$0$0$5,910,860
95$8,635,191$0$0$6,448,539
96$9,424,092$0$0$7,039,007
97$10,290,566$0$0$7,687,582
98$11,242,435$0$0$8,400,127
99$12,288,315$0$0$9,183,095
100$13,437,698$0$0$10,043,601