Can I retire at age 54 with 454,000?

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 $454,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$37,491$37,157$36,831$36,513$36,203$36,020
2 years$18,560$18,214$17,879$17,554$17,239$17,055
3 years$12,250$11,903$11,569$11,247$10,937$10,757
4 years$9,096$8,750$8,419$8,103$7,801$7,626
5 years$7,204$6,860$6,534$6,224$5,930$5,761
6 years$5,943$5,602$5,280$4,977$4,692$4,529
7 years$5,043$4,704$4,388$4,092$3,816$3,659
8 years$4,368$4,033$3,721$3,433$3,166$3,015
9 years$3,843$3,511$3,205$2,924$2,666$2,522
10 years$3,424$3,095$2,794$2,520$2,272$2,133
11 years$3,081$2,755$2,460$2,194$1,954$1,821
12 years$2,795$2,473$2,183$1,924$1,693$1,567
13 years$2,554$2,235$1,951$1,699$1,476$1,356
14 years$2,347$2,031$1,753$1,508$1,294$1,179
15 years$2,168$1,856$1,582$1,345$1,139$1,030
16 years$2,011$1,703$1,435$1,204$1,007$903
17 years$1,873$1,568$1,305$1,082$893$794
18 years$1,751$1,449$1,192$975$794$700
19 years$1,641$1,343$1,091$881$708$619
20 years$1,543$1,248$1,001$798$632$548
21 years$1,454$1,162$921$724$566$486
22 years$1,373$1,085$849$658$507$432
23 years$1,300$1,015$784$600$455$384
24 years$1,232$951$725$547$409$342
25 years$1,170$892$671$499$368$305
26 years$1,113$839$623$457$332$273
27 years$1,061$789$578$418$299$243
28 years$1,012$744$537$383$270$218
29 years$966$702$500$351$244$195
30 years$924$663$466$322$220$174
31 years$885$626$434$296$199$156
32 years$848$593$405$272$180$140
33 years$813$561$378$250$163$125
34 years$781$532$354$230$147$112
35 years$750$504$331$212$134$101
36 years$721$479$309$195$121$90
37 years$694$455$289$180$110$81
38 years$668$432$271$166$99$73
39 years$644$411$254$153$90$65
40 years$621$391$238$141$82$59
41 years$599$372$223$130$74$53
42 years$578$354$209$120$67$47
43 years$558$338$196$111$61$42
44 years$539$322$184$102$55$38
45 years$521$307$173$94$50$34
46 years$504$293$163$87$46$31
47 years$488$279$153$81$42$28
48 years$472$267$144$74$38$25
49 years$458$255$135$69$34$22
50 years$443$243$127$64$31$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $454,000, adding $6,688 every year, while hoping to spend $35,780 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: 51/27/22 Blend
53$454,000$454,000$454,000$454,000
54$507,207$483,145$476,108$529,653
55$520,872$468,749$453,988$531,492
56$534,732$452,449$429,927$529,282
57$548,769$434,113$403,824$526,132
58$562,962$413,603$375,571$521,968
59$577,286$390,772$345,054$516,709
60$591,714$365,464$312,158$510,269
61$606,213$337,516$276,760$502,555
62$620,746$306,754$238,731$493,469
63$635,272$272,995$197,938$482,904
64$649,743$236,044$154,242$470,748
65$664,104$195,698$107,497$456,879
66$678,295$151,740$57,550$441,167
67$692,247$103,941$4,244$423,472
68$705,882$52,059$0$403,645
69$719,113$0$0$393,883
70$731,842$0$0$384,759
71$743,960$0$0$390,734
72$755,345$0$0$396,269
73$765,859$0$0$401,289
74$775,350$0$0$405,705
75$783,647$0$0$409,421
76$790,560$0$0$412,330
77$795,879$0$0$414,312
78$799,367$0$0$415,233
79$800,764$0$0$414,947
80$799,780$0$0$413,288
81$796,091$0$0$410,074
82$789,339$0$0$405,103
83$779,129$0$0$398,151
84$765,019$0$0$388,970
85$746,523$0$0$377,283
86$723,099$0$0$362,787
87$694,149$0$0$345,143
88$659,012$0$0$323,978
89$616,953$0$0$298,878
90$567,162$0$0$269,387
91$508,742$0$0$234,999
92$440,700$0$0$195,154
93$361,940$0$0$149,234
94$271,249$0$0$96,558
95$167,289$0$0$36,369
96$48,578$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0