Can I retire at age 54 with 456,000?

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 $456,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$37,656$37,321$36,993$36,674$36,362$35,819
2 years$18,642$18,294$17,958$17,632$17,315$16,769
3 years$12,304$11,956$11,620$11,297$10,986$10,453
4 years$9,136$8,789$8,456$8,139$7,835$7,321
5 years$7,236$6,890$6,562$6,251$5,956$5,462
6 years$5,969$5,627$5,303$4,999$4,713$4,239
7 years$5,065$4,725$4,407$4,110$3,833$3,379
8 years$4,387$4,050$3,738$3,448$3,180$2,747
9 years$3,860$3,527$3,219$2,937$2,678$2,265
10 years$3,439$3,108$2,807$2,532$2,282$1,889
11 years$3,094$2,767$2,471$2,203$1,962$1,589
12 years$2,808$2,484$2,193$1,933$1,700$1,346
13 years$2,565$2,245$1,959$1,706$1,483$1,147
14 years$2,357$2,040$1,760$1,515$1,300$982
15 years$2,177$1,864$1,589$1,351$1,144$844
16 years$2,020$1,710$1,441$1,209$1,011$728
17 years$1,882$1,575$1,311$1,087$897$630
18 years$1,759$1,455$1,197$979$797$546
19 years$1,649$1,349$1,096$885$711$474
20 years$1,550$1,253$1,006$801$635$412
21 years$1,460$1,167$925$727$568$359
22 years$1,379$1,090$853$661$509$314
23 years$1,305$1,019$787$602$457$274
24 years$1,238$955$728$549$411$240
25 years$1,176$896$674$502$370$210
26 years$1,118$842$625$459$333$184
27 years$1,065$793$581$420$300$161
28 years$1,016$747$540$385$271$141
29 years$971$705$502$353$245$124
30 years$928$665$468$324$221$109
31 years$889$629$436$297$200$95
32 years$851$595$407$273$181$84
33 years$817$564$380$251$164$74
34 years$784$534$355$231$148$65
35 years$753$507$332$213$134$57
36 years$724$481$311$196$122$50
37 years$697$457$291$181$110$44
38 years$671$434$272$166$100$39
39 years$647$413$255$153$91$34
40 years$623$393$239$142$82$30
41 years$601$374$224$131$75$26
42 years$581$356$210$121$68$23
43 years$561$339$197$111$61$20
44 years$542$323$185$103$56$18
45 years$524$308$174$95$51$16
46 years$507$294$163$88$46$14
47 years$490$281$153$81$42$12
48 years$475$268$144$75$38$11
49 years$460$256$136$69$34$9
50 years$445$244$127$64$31$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $456,000, adding $2,037 every year, while hoping to spend $37,133 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: 45/47/8 Blend
53$456,000$456,000$456,000$456,000
54$504,613$480,445$473,377$526,100
55$516,574$464,478$449,726$525,183
56$528,511$446,483$424,038$520,196
57$540,382$426,324$396,206$513,934
58$552,139$403,852$366,117$506,293
59$563,730$378,913$333,654$497,159
60$575,094$351,343$298,695$486,412
61$586,164$320,969$261,112$473,923
62$596,863$287,608$220,770$459,552
63$607,108$251,065$177,531$443,152
64$616,803$211,137$131,248$424,561
65$625,842$167,608$81,769$403,609
66$634,105$120,248$28,936$380,110
67$641,461$68,817$0$353,867
68$647,761$13,060$0$327,009
69$652,841$0$0$299,753
70$656,518$0$0$293,853
71$658,589$0$0$293,881
72$658,827$0$0$292,969
73$656,980$0$0$290,990
74$652,770$0$0$287,806
75$645,887$0$0$283,261
76$635,988$0$0$277,186
77$622,692$0$0$269,389
78$605,578$0$0$259,661
79$584,178$0$0$247,769
80$557,976$0$0$233,454
81$526,398$0$0$216,433
82$488,813$0$0$196,389
83$444,518$0$0$172,974
84$392,739$0$0$145,801
85$332,620$0$0$114,446
86$263,213$0$0$78,436
87$183,471$0$0$37,252
88$92,238$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