Can I retire at age 54 with 454,000?

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 $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%15.6%
1 years$37,491$37,157$36,831$36,513$36,203$35,371
2 years$18,560$18,214$17,879$17,554$17,239$16,406
3 years$12,250$11,903$11,569$11,247$10,937$10,128
4 years$9,096$8,750$8,419$8,103$7,801$7,022
5 years$7,204$6,860$6,534$6,224$5,930$5,184
6 years$5,943$5,602$5,280$4,977$4,692$3,980
7 years$5,043$4,704$4,388$4,092$3,816$3,137
8 years$4,368$4,033$3,721$3,433$3,166$2,521
9 years$3,843$3,511$3,205$2,924$2,666$2,054
10 years$3,424$3,095$2,794$2,520$2,272$1,692
11 years$3,081$2,755$2,460$2,194$1,954$1,405
12 years$2,795$2,473$2,183$1,924$1,693$1,175
13 years$2,554$2,235$1,951$1,699$1,476$988
14 years$2,347$2,031$1,753$1,508$1,294$835
15 years$2,168$1,856$1,582$1,345$1,139$708
16 years$2,011$1,703$1,435$1,204$1,007$602
17 years$1,873$1,568$1,305$1,082$893$513
18 years$1,751$1,449$1,192$975$794$438
19 years$1,641$1,343$1,091$881$708$375
20 years$1,543$1,248$1,001$798$632$322
21 years$1,454$1,162$921$724$566$276
22 years$1,373$1,085$849$658$507$237
23 years$1,300$1,015$784$600$455$204
24 years$1,232$951$725$547$409$176
25 years$1,170$892$671$499$368$151
26 years$1,113$839$623$457$332$130
27 years$1,061$789$578$418$299$112
28 years$1,012$744$537$383$270$97
29 years$966$702$500$351$244$84
30 years$924$663$466$322$220$72
31 years$885$626$434$296$199$62
32 years$848$593$405$272$180$54
33 years$813$561$378$250$163$47
34 years$781$532$354$230$147$40
35 years$750$504$331$212$134$35
36 years$721$479$309$195$121$30
37 years$694$455$289$180$110$26
38 years$668$432$271$166$99$22
39 years$644$411$254$153$90$19
40 years$621$391$238$141$82$17
41 years$599$372$223$130$74$15
42 years$578$354$209$120$67$13
43 years$558$338$196$111$61$11
44 years$539$322$184$102$55$9
45 years$521$307$173$94$50$8
46 years$504$293$163$87$46$7
47 years$488$279$153$81$42$6
48 years$472$267$144$74$38$5
49 years$458$255$135$69$34$5
50 years$443$243$127$64$31$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $454,000, adding $3,550 every year, while hoping to spend $25,718 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: 81/11/8 Blend
53$454,000$454,000$454,000$454,000
54$503,970$479,908$472,871$543,995
55$528,011$476,060$461,348$566,872
56$553,642$471,161$448,578$588,208
57$580,999$465,133$434,490$610,847
58$610,229$457,892$419,014$634,907
59$641,495$449,351$402,073$660,514
60$674,973$439,416$383,588$687,812
61$710,860$427,987$363,478$716,955
62$749,369$414,960$341,656$748,116
63$790,736$400,223$318,032$781,483
64$835,216$383,660$292,512$817,267
65$883,095$365,145$264,998$855,696
66$934,681$344,549$235,386$897,025
67$990,317$321,730$203,570$941,533
68$1,050,378$296,543$169,438$989,529
69$1,115,274$268,831$132,872$1,041,353
70$1,185,460$238,431$93,750$1,097,380
71$1,261,431$205,169$51,946$1,158,024
72$1,343,736$168,861$7,325$1,223,741
73$1,432,976$129,314$0$1,295,034
74$1,529,812$86,323$0$1,375,897
75$1,634,971$39,671$0$1,464,393
76$1,749,254$0$0$1,560,585
77$1,873,540$0$0$1,666,546
78$2,008,798$0$0$1,787,097
79$2,156,094$0$0$1,918,387
80$2,316,599$0$0$2,061,462
81$2,491,604$0$0$2,217,474
82$2,682,529$0$0$2,387,691
83$2,890,937$0$0$2,573,506
84$3,118,548$0$0$2,776,456
85$3,367,257$0$0$2,998,231
86$3,639,149$0$0$3,240,692
87$3,936,520$0$0$3,505,889
88$4,261,896$0$0$3,796,077
89$4,618,063$0$0$4,113,741
90$5,008,084$0$0$4,461,616
91$5,435,335$0$0$4,842,715
92$5,903,533$0$0$5,260,355
93$6,416,772$0$0$5,718,191
94$6,979,560$0$0$6,220,246
95$7,596,864$0$0$6,770,953
96$8,274,152$0$0$7,375,194
97$9,017,449$0$0$8,038,346
98$9,833,392$0$0$8,766,332
99$10,729,290$0$0$9,565,678
100$11,713,196$0$0$10,443,569