Can I retire at age 54 with 460,000?

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 $460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$37,986$37,648$37,318$36,996$36,681$36,059
2 years$18,805$18,455$18,115$17,786$17,467$16,842
3 years$12,412$12,060$11,722$11,396$11,082$10,473
4 years$9,216$8,866$8,531$8,210$7,904$7,317
5 years$7,299$6,951$6,620$6,306$6,008$5,444
6 years$6,022$5,676$5,350$5,043$4,754$4,214
7 years$5,110$4,767$4,446$4,146$3,866$3,350
8 years$4,426$4,086$3,770$3,478$3,208$2,715
9 years$3,894$3,557$3,247$2,963$2,701$2,232
10 years$3,469$3,136$2,831$2,554$2,302$1,856
11 years$3,122$2,792$2,493$2,223$1,979$1,556
12 years$2,832$2,506$2,212$1,949$1,715$1,314
13 years$2,588$2,264$1,976$1,721$1,496$1,116
14 years$2,378$2,058$1,776$1,528$1,311$952
15 years$2,197$1,880$1,603$1,363$1,154$816
16 years$2,038$1,725$1,454$1,220$1,020$701
17 years$1,898$1,589$1,323$1,096$905$604
18 years$1,774$1,468$1,207$988$804$522
19 years$1,663$1,361$1,105$893$717$452
20 years$1,563$1,264$1,014$808$640$391
21 years$1,473$1,178$933$734$573$340
22 years$1,391$1,099$860$667$514$295
23 years$1,317$1,028$794$608$461$257
24 years$1,249$963$734$554$414$224
25 years$1,186$904$680$506$373$195
26 years$1,128$850$631$463$336$170
27 years$1,075$800$586$424$303$149
28 years$1,025$753$545$388$273$130
29 years$979$711$507$356$247$113
30 years$936$671$472$327$223$99
31 years$896$635$440$300$202$87
32 years$859$600$411$276$182$76
33 years$824$569$383$253$165$66
34 years$791$539$358$233$149$58
35 years$760$511$335$215$135$51
36 years$731$485$313$198$123$44
37 years$703$461$293$182$111$39
38 years$677$438$275$168$101$34
39 years$652$416$257$155$91$30
40 years$629$396$241$143$83$26
41 years$607$377$226$132$75$23
42 years$586$359$212$122$68$20
43 years$566$342$199$112$62$18
44 years$547$326$187$104$56$15
45 years$528$311$175$96$51$13
46 years$511$297$165$88$46$12
47 years$495$283$155$82$42$10
48 years$479$270$145$75$38$9
49 years$464$258$137$70$35$8
50 years$449$247$129$64$32$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $460,000, adding $3,012 every year, while hoping to spend $20,801 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: 48/33/19 Blend
53$460,000$460,000$460,000$460,000
54$510,027$485,647$478,517$531,642
55$539,918$487,311$472,415$548,636
56$572,160$488,360$465,412$564,728
57$606,972$488,742$457,455$581,763
58$644,593$488,400$448,489$599,837
59$685,286$487,276$438,458$619,058
60$729,340$485,308$427,302$639,546
61$777,075$482,430$414,958$661,433
62$828,838$478,570$401,361$684,868
63$885,015$473,656$386,442$710,014
64$946,028$467,607$370,130$737,055
65$1,012,343$460,340$352,349$766,192
66$1,084,472$451,766$333,022$797,650
67$1,162,977$441,792$312,068$831,678
68$1,248,478$430,317$289,400$868,554
69$1,341,657$417,237$264,929$908,583
70$1,443,264$402,439$238,562$952,106
71$1,554,125$385,807$210,201$999,500
72$1,675,148$367,214$179,746$1,051,182
73$1,807,335$346,529$147,089$1,107,614
74$1,951,786$323,612$112,120$1,169,310
75$2,109,715$298,315$74,722$1,236,838
76$2,282,456$270,483$34,775$1,310,825
77$2,471,480$239,950$0$1,391,967
78$2,678,404$206,541$0$1,482,627
79$2,905,012$170,072$0$1,589,692
80$3,153,267$130,349$0$1,707,074
81$3,425,330$87,166$0$1,835,847
82$3,723,582$40,305$0$1,977,193
83$4,050,644$0$0$2,132,421
84$4,409,406$0$0$2,306,773
85$4,803,048$0$0$2,514,187
86$5,235,073$0$0$2,741,878
87$5,709,342$0$0$2,991,888
88$6,230,105$0$0$3,266,465
89$6,802,046$0$0$3,568,085
90$7,430,324$0$0$3,899,477
91$8,120,622$0$0$4,263,644
92$8,879,201$0$0$4,663,899
93$9,712,959$0$0$5,103,889
94$10,629,495$0$0$5,587,633
95$11,637,181$0$0$6,119,558
96$12,745,239$0$0$6,704,541
97$13,963,834$0$0$7,347,958
98$15,304,161$0$0$8,055,729
99$16,778,555$0$0$8,834,378
100$18,400,608$0$0$9,691,094