Can I retire at age 54 with 458,000?

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 $458,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$37,821$37,484$37,156$36,835$36,522$36,050
2 years$18,723$18,375$18,037$17,709$17,391$16,917
3 years$12,358$12,008$11,671$11,346$11,034$10,571
4 years$9,176$8,827$8,493$8,174$7,869$7,422
5 years$7,268$6,921$6,591$6,279$5,982$5,552
6 years$5,996$5,651$5,327$5,021$4,733$4,321
7 years$5,087$4,746$4,427$4,128$3,850$3,454
8 years$4,407$4,068$3,754$3,463$3,194$2,816
9 years$3,877$3,542$3,233$2,950$2,689$2,329
10 years$3,454$3,122$2,819$2,543$2,292$1,948
11 years$3,108$2,779$2,482$2,213$1,971$1,644
12 years$2,820$2,495$2,202$1,941$1,708$1,397
13 years$2,576$2,254$1,968$1,714$1,489$1,194
14 years$2,368$2,049$1,768$1,521$1,306$1,026
15 years$2,187$1,872$1,596$1,357$1,149$885
16 years$2,029$1,718$1,447$1,215$1,016$766
17 years$1,890$1,582$1,317$1,091$901$664
18 years$1,766$1,462$1,202$984$801$578
19 years$1,656$1,355$1,101$889$714$504
20 years$1,557$1,259$1,010$805$638$440
21 years$1,467$1,173$929$731$571$385
22 years$1,385$1,094$856$664$511$337
23 years$1,311$1,024$791$605$459$296
24 years$1,243$959$731$552$413$260
25 years$1,181$900$677$504$371$228
26 years$1,123$846$628$461$335$201
27 years$1,070$796$583$422$302$176
28 years$1,021$750$542$386$272$155
29 years$975$708$505$354$246$137
30 years$932$668$470$325$222$121
31 years$892$632$438$299$201$106
32 years$855$598$409$274$182$94
33 years$820$566$382$252$164$83
34 years$787$537$357$232$149$73
35 years$757$509$333$214$135$64
36 years$727$483$312$197$122$57
37 years$700$459$292$181$111$50
38 years$674$436$273$167$100$44
39 years$649$415$256$154$91$39
40 years$626$394$240$142$83$35
41 years$604$375$225$131$75$31
42 years$583$358$211$121$68$27
43 years$563$341$198$112$62$24
44 years$544$325$186$103$56$21
45 years$526$310$175$95$51$19
46 years$509$295$164$88$46$16
47 years$492$282$154$81$42$15
48 years$477$269$145$75$38$13
49 years$462$257$136$69$35$11
50 years$447$246$128$64$31$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $458,000, adding $3,231 every year, while hoping to spend $28,167 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: 75/15/10 Blend
53$458,000$458,000$458,000$458,000
54$508,049$483,775$476,676$544,998
55$529,900$477,510$462,675$563,530
56$553,037$469,995$447,261$579,959
57$577,559$461,137$430,357$597,170
58$603,578$450,841$411,882$615,234
59$631,216$439,005$391,752$634,223
60$660,603$425,519$369,880$654,223
61$691,886$410,271$346,172$675,324
62$725,222$393,138$320,532$697,630
63$760,785$373,993$292,861$721,253
64$798,767$352,700$263,053$746,319
65$839,374$329,115$230,999$772,966
66$882,836$303,087$196,583$801,347
67$929,403$274,457$159,686$831,633
68$979,351$243,053$120,184$864,010
69$1,032,980$208,698$77,946$898,686
70$1,090,622$171,203$32,835$935,893
71$1,152,640$130,367$0$975,882
72$1,219,434$85,979$0$1,020,571
73$1,291,441$37,817$0$1,072,480
74$1,369,143$0$0$1,128,465
75$1,453,069$0$0$1,191,293
76$1,543,799$0$0$1,265,977
77$1,641,974$0$0$1,346,804
78$1,748,295$0$0$1,434,354
79$1,863,534$0$0$1,529,265
80$1,988,540$0$0$1,632,238
81$2,124,247$0$0$1,744,044
82$2,271,682$0$0$1,865,532
83$2,431,974$0$0$1,997,635
84$2,606,365$0$0$2,141,379
85$2,796,225$0$0$2,297,896
86$3,003,056$0$0$2,468,426
87$3,228,515$0$0$2,654,340
88$3,474,424$0$0$2,857,142
89$3,742,789$0$0$3,078,489
90$4,035,817$0$0$3,320,207
91$4,355,938$0$0$3,584,302
92$4,705,829$0$0$3,872,987
93$5,088,435$0$0$4,188,694
94$5,506,998$0$0$4,534,105
95$5,965,091$0$0$4,912,169
96$6,466,645$0$0$5,326,138
97$7,015,991$0$0$5,779,588
98$7,617,897$0$0$6,276,461
99$8,277,615$0$0$6,821,096
100$9,000,929$0$0$7,418,274