Can I retire at age 54 with 455,000?

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 $455,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$37,573$37,239$36,912$36,594$36,282$35,623
2 years$18,601$18,254$17,919$17,593$17,277$16,615
3 years$12,277$11,929$11,595$11,272$10,961$10,317
4 years$9,116$8,769$8,438$8,121$7,818$7,197
5 years$7,220$6,875$6,548$6,238$5,943$5,347
6 years$5,956$5,614$5,292$4,988$4,702$4,132
7 years$5,054$4,715$4,398$4,101$3,824$3,279
8 years$4,378$4,041$3,729$3,440$3,173$2,653
9 years$3,852$3,519$3,212$2,930$2,672$2,177
10 years$3,431$3,102$2,800$2,526$2,277$1,807
11 years$3,088$2,761$2,465$2,198$1,958$1,512
12 years$2,801$2,478$2,188$1,928$1,697$1,275
13 years$2,559$2,240$1,955$1,702$1,480$1,080
14 years$2,352$2,036$1,756$1,511$1,297$920
15 years$2,173$1,860$1,586$1,348$1,142$786
16 years$2,016$1,706$1,438$1,207$1,009$674
17 years$1,878$1,571$1,308$1,084$895$580
18 years$1,755$1,452$1,194$977$796$500
19 years$1,645$1,346$1,093$883$709$432
20 years$1,546$1,251$1,003$800$633$373
21 years$1,457$1,165$923$726$567$323
22 years$1,376$1,087$851$660$508$280
23 years$1,303$1,017$785$601$456$243
24 years$1,235$953$726$548$410$212
25 years$1,173$894$673$501$369$184
26 years$1,116$840$624$458$332$160
27 years$1,063$791$579$419$300$139
28 years$1,014$745$539$384$270$121
29 years$969$703$501$352$244$106
30 years$926$664$467$323$221$92
31 years$887$628$435$297$199$80
32 years$850$594$406$273$180$70
33 years$815$562$379$251$163$61
34 years$782$533$354$231$148$53
35 years$752$506$331$212$134$47
36 years$723$480$310$196$121$41
37 years$695$456$290$180$110$36
38 years$670$433$272$166$100$31
39 years$645$412$254$153$90$27
40 years$622$392$239$141$82$24
41 years$600$373$224$130$74$21
42 years$579$355$210$120$67$18
43 years$559$338$197$111$61$16
44 years$541$323$185$103$56$14
45 years$523$308$174$95$50$12
46 years$505$294$163$87$46$11
47 years$489$280$153$81$42$9
48 years$473$267$144$75$38$8
49 years$459$255$135$69$34$7
50 years$444$244$127$64$31$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $455,000, adding $4,195 every year, while hoping to spend $24,958 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: 56/17/27 Blend
53$455,000$455,000$455,000$455,000
54$505,737$481,622$474,570$530,092
55$530,767$478,667$463,913$544,338
56$557,514$474,730$452,062$556,898
57$586,126$469,737$438,952$570,070
58$616,766$463,610$424,512$583,923
59$649,614$456,264$408,671$598,532
60$684,865$447,611$391,352$613,981
61$722,735$437,558$372,476$630,364
62$763,460$426,005$351,960$647,786
63$807,300$412,846$329,717$666,365
64$854,539$397,970$305,658$686,231
65$905,491$381,259$279,686$707,529
66$960,500$362,589$251,704$730,423
67$1,019,942$341,828$221,608$755,094
68$1,084,235$318,836$189,290$781,742
69$1,153,833$293,465$154,637$810,592
70$1,229,239$265,560$117,533$841,892
71$1,311,004$234,955$77,853$875,920
72$1,399,736$201,477$35,470$912,984
73$1,496,101$164,941$0$953,424
74$1,600,833$125,153$0$1,000,433
75$1,714,740$81,908$0$1,062,707
76$1,838,710$34,988$0$1,130,526
77$1,973,721$0$0$1,204,452
78$2,120,847$0$0$1,288,068
79$2,281,274$0$0$1,386,417
80$2,456,304$0$0$1,493,757
81$2,647,370$0$0$1,610,972
82$2,856,051$0$0$1,739,036
83$3,084,085$0$0$1,879,021
84$3,333,385$0$0$2,032,106
85$3,606,058$0$0$2,199,590
86$3,904,423$0$0$2,382,905
87$4,231,032$0$0$2,583,625
88$4,588,700$0$0$2,803,484
89$4,980,521$0$0$3,044,394
90$5,409,907$0$0$3,308,457
91$5,880,614$0$0$3,597,992
92$6,396,778$0$0$3,915,549
93$6,962,956$0$0$4,263,939
94$7,584,166$0$0$4,646,259
95$8,265,935$0$0$5,065,919
96$9,014,352$0$0$5,526,675
97$9,836,124$0$0$6,032,665
98$10,738,641$0$0$6,588,448
99$11,730,039$0$0$7,199,044
100$12,819,286$0$0$7,869,987