Can I retire at age 54 with 461,000?

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 $461,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$38,069$37,730$37,399$37,076$36,761$36,197
2 years$18,846$18,495$18,155$17,825$17,505$16,938
3 years$12,439$12,087$11,747$11,421$11,106$10,554
4 years$9,236$8,885$8,549$8,228$7,921$7,388
5 years$7,315$6,966$6,634$6,320$6,021$5,509
6 years$6,035$5,688$5,362$5,054$4,764$4,273
7 years$5,121$4,777$4,456$4,155$3,875$3,405
8 years$4,435$4,095$3,779$3,486$3,215$2,766
9 years$3,903$3,565$3,255$2,969$2,707$2,279
10 years$3,477$3,143$2,837$2,559$2,307$1,899
11 years$3,128$2,798$2,498$2,227$1,984$1,597
12 years$2,838$2,511$2,217$1,954$1,719$1,352
13 years$2,593$2,269$1,981$1,725$1,499$1,151
14 years$2,383$2,063$1,780$1,531$1,314$985
15 years$2,201$1,884$1,607$1,365$1,157$846
16 years$2,042$1,729$1,457$1,223$1,023$729
17 years$1,902$1,592$1,326$1,099$907$630
18 years$1,778$1,471$1,210$990$806$546
19 years$1,667$1,364$1,108$895$719$474
20 years$1,567$1,267$1,017$810$642$412
21 years$1,476$1,180$935$735$574$359
22 years$1,395$1,102$862$669$515$313
23 years$1,320$1,030$796$609$462$273
24 years$1,251$965$736$555$415$239
25 years$1,189$906$682$507$374$209
26 years$1,131$851$632$464$337$183
27 years$1,077$801$587$424$304$160
28 years$1,027$755$546$389$274$140
29 years$981$712$508$357$247$123
30 years$938$673$473$327$223$108
31 years$898$636$441$301$202$94
32 years$861$602$411$276$183$83
33 years$826$570$384$254$165$73
34 years$793$540$359$234$150$64
35 years$761$512$336$215$136$56
36 years$732$486$314$198$123$49
37 years$705$462$294$183$111$43
38 years$678$439$275$168$101$38
39 years$654$417$258$155$92$33
40 years$630$397$242$143$83$29
41 years$608$378$227$132$75$26
42 years$587$360$213$122$68$23
43 years$567$343$199$112$62$20
44 years$548$327$187$104$56$18
45 years$530$312$176$96$51$15
46 years$512$297$165$89$46$14
47 years$496$284$155$82$42$12
48 years$480$271$146$76$38$10
49 years$465$259$137$70$35$9
50 years$450$247$129$65$32$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $461,000, adding $5,492 every year, while hoping to spend $33,763 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: 25/45/30 Blend
53$461,000$461,000$461,000$461,000
54$513,687$489,254$482,108$521,625
55$530,160$477,304$462,336$516,787
56$547,181$463,637$440,769$508,403
57$564,771$448,132$417,312$498,724
58$582,951$430,664$391,866$487,667
59$601,743$411,099$364,325$475,141
60$621,172$389,293$334,580$461,052
61$641,261$365,098$302,518$445,300
62$662,035$338,354$268,018$427,781
63$683,523$308,893$230,957$408,384
64$705,753$276,539$191,204$386,993
65$728,753$241,103$148,624$363,487
66$752,557$202,388$103,073$337,735
67$777,197$160,185$54,406$309,604
68$802,709$114,271$2,466$278,949
69$829,129$64,415$0$245,622
70$856,497$10,368$0$226,418
71$884,855$0$0$206,163
72$914,247$0$0$207,780
73$944,720$0$0$214,786
74$976,323$0$0$222,060
75$1,009,110$0$0$229,615
76$1,043,137$0$0$237,465
77$1,078,464$0$0$245,625
78$1,115,156$0$0$254,111
79$1,153,281$0$0$262,942
80$1,192,913$0$0$272,134
81$1,234,130$0$0$281,710
82$1,277,017$0$0$291,689
83$1,321,664$0$0$302,095
84$1,368,168$0$0$312,953
85$1,416,635$0$0$324,290
86$1,467,175$0$0$336,135
87$1,519,911$0$0$348,520
88$1,574,973$0$0$361,478
89$1,632,503$0$0$375,046
90$1,692,652$0$0$389,264
91$1,755,586$0$0$404,174
92$1,821,483$0$0$419,825
93$1,890,537$0$0$436,267
94$1,962,957$0$0$453,554
95$2,038,971$0$0$471,748
96$2,118,826$0$0$490,913
97$2,202,790$0$0$511,122
98$2,291,156$0$0$532,450
99$2,384,240$0$0$554,984
100$2,482,391$0$0$578,815