Can I retire at age 54 with 453,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.4%
1 years$37,408$37,075$36,750$36,433$36,123$35,178
2 years$18,519$18,174$17,840$17,516$17,201$16,256
3 years$12,223$11,877$11,544$11,222$10,913$9,997
4 years$9,076$8,731$8,401$8,085$7,783$6,903
5 years$7,188$6,845$6,519$6,210$5,917$5,075
6 years$5,930$5,590$5,269$4,966$4,682$3,879
7 years$5,032$4,694$4,378$4,083$3,808$3,044
8 years$4,358$4,024$3,713$3,425$3,159$2,434
9 years$3,835$3,503$3,198$2,918$2,660$1,974
10 years$3,416$3,088$2,788$2,515$2,267$1,618
11 years$3,074$2,749$2,455$2,189$1,949$1,337
12 years$2,789$2,467$2,178$1,920$1,689$1,112
13 years$2,548$2,230$1,946$1,695$1,473$930
14 years$2,342$2,027$1,749$1,505$1,291$782
15 years$2,163$1,852$1,579$1,342$1,137$659
16 years$2,007$1,699$1,431$1,201$1,005$557
17 years$1,869$1,565$1,303$1,079$891$472
18 years$1,747$1,446$1,189$973$792$401
19 years$1,638$1,340$1,089$879$706$341
20 years$1,540$1,245$999$796$631$291
21 years$1,451$1,160$919$723$564$248
22 years$1,370$1,083$847$657$506$212
23 years$1,297$1,012$782$598$454$181
24 years$1,230$949$723$546$408$155
25 years$1,168$890$670$498$367$132
26 years$1,111$837$621$456$331$113
27 years$1,058$787$577$417$298$97
28 years$1,010$742$536$382$269$83
29 years$964$700$499$350$243$71
30 years$922$661$465$322$220$61
31 years$883$625$433$295$199$53
32 years$846$591$404$271$180$45
33 years$811$560$378$250$163$39
34 years$779$531$353$230$147$33
35 years$748$503$330$211$133$29
36 years$719$478$309$195$121$24
37 years$692$454$289$179$109$21
38 years$667$431$270$165$99$18
39 years$642$410$253$152$90$15
40 years$619$390$237$141$82$13
41 years$597$371$223$130$74$11
42 years$577$354$209$120$67$10
43 years$557$337$196$111$61$8
44 years$538$321$184$102$55$7
45 years$520$306$173$94$50$6
46 years$503$292$162$87$46$5
47 years$487$279$152$80$41$5
48 years$471$266$143$74$38$4
49 years$457$254$135$69$34$3
50 years$442$243$127$63$31$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $453,000, adding $6,002 every year, while hoping to spend $38,965 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: 39/50/11 Blend
53$453,000$453,000$453,000$453,000
54$505,397$481,388$474,367$523,205
55$515,489$463,518$448,799$518,501
56$525,305$443,466$421,070$509,139
57$534,774$421,084$391,064$498,150
58$543,820$396,216$358,664$485,406
59$552,356$368,696$323,745$470,767
60$560,283$338,350$286,177$454,087
61$567,494$304,991$245,827$435,206
62$573,868$268,425$202,551$413,954
63$579,269$228,445$156,203$390,147
64$583,548$184,831$106,629$363,588
65$586,536$137,355$53,668$334,067
66$588,048$85,771$0$301,358
67$587,878$29,822$0$265,550
68$585,796$0$0$232,792
69$581,547$0$0$213,443
70$574,848$0$0$209,414
71$565,387$0$0$204,162
72$552,815$0$0$197,536
73$536,749$0$0$189,370
74$516,762$0$0$179,478
75$492,381$0$0$167,657
76$463,086$0$0$153,682
77$428,298$0$0$137,303
78$387,377$0$0$118,242
79$339,618$0$0$96,197
80$284,238$0$0$70,828
81$220,373$0$0$41,763
82$147,069$0$0$8,591
83$63,272$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0