Can I retire at age 54 with 463,000?

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 $463,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$38,234$37,894$37,561$37,237$36,920$36,429
2 years$18,928$18,575$18,234$17,902$17,581$17,087
3 years$12,493$12,139$11,798$11,470$11,154$10,672
4 years$9,277$8,924$8,586$8,264$7,955$7,489
5 years$7,347$6,996$6,663$6,347$6,047$5,599
6 years$6,061$5,713$5,385$5,076$4,785$4,355
7 years$5,143$4,798$4,475$4,173$3,892$3,480
8 years$4,455$4,113$3,795$3,501$3,228$2,835
9 years$3,920$3,581$3,269$2,982$2,719$2,343
10 years$3,492$3,156$2,850$2,570$2,317$1,959
11 years$3,142$2,810$2,509$2,237$1,992$1,652
12 years$2,851$2,522$2,227$1,962$1,727$1,403
13 years$2,604$2,279$1,989$1,732$1,506$1,199
14 years$2,394$2,072$1,787$1,538$1,320$1,029
15 years$2,211$1,892$1,614$1,371$1,162$887
16 years$2,051$1,736$1,463$1,228$1,027$767
17 years$1,911$1,599$1,331$1,103$911$665
18 years$1,786$1,478$1,215$994$810$578
19 years$1,674$1,369$1,113$898$722$504
20 years$1,574$1,273$1,021$814$645$440
21 years$1,483$1,185$939$738$577$384
22 years$1,401$1,106$866$671$517$336
23 years$1,326$1,035$799$612$464$295
24 years$1,257$970$739$558$417$258
25 years$1,194$910$685$509$375$227
26 years$1,136$855$635$466$338$199
27 years$1,082$805$590$426$305$175
28 years$1,032$758$548$391$275$154
29 years$986$715$510$358$248$136
30 years$942$676$475$329$224$119
31 years$902$639$443$302$203$105
32 years$864$604$413$277$184$93
33 years$829$572$386$255$166$82
34 years$796$542$361$235$150$72
35 years$765$514$337$216$136$64
36 years$735$488$315$199$123$56
37 years$708$464$295$183$112$49
38 years$681$441$276$169$101$44
39 years$657$419$259$156$92$39
40 years$633$399$243$144$83$34
41 years$611$380$228$133$76$30
42 years$589$362$213$122$69$26
43 years$569$344$200$113$62$23
44 years$550$328$188$104$57$21
45 years$532$313$177$96$51$18
46 years$514$299$166$89$47$16
47 years$498$285$156$82$42$14
48 years$482$272$146$76$38$13
49 years$467$260$138$70$35$11
50 years$452$248$129$65$32$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $463,000, adding $2,723 every year, while hoping to spend $25,339 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: 46/48/6 Blend
53$463,000$463,000$463,000$463,000
54$513,035$488,496$481,319$535,678
55$538,404$485,472$470,483$548,500
56$565,511$481,450$458,434$559,531
57$594,508$476,355$445,106$570,902
58$625,558$470,107$430,428$582,651
59$658,844$462,621$414,326$594,824
60$694,563$453,807$396,723$607,470
61$732,934$443,569$377,538$620,648
62$774,195$431,806$356,689$634,423
63$818,611$418,412$334,085$648,869
64$866,468$403,273$309,636$664,068
65$918,084$386,269$283,245$680,117
66$973,806$367,275$254,812$697,120
67$1,034,018$346,155$224,231$715,199
68$1,099,139$322,768$191,394$734,487
69$1,169,632$296,964$156,187$755,138
70$1,246,004$268,585$118,488$777,320
71$1,328,814$237,462$78,175$801,225
72$1,418,675$203,420$35,116$827,068
73$1,516,263$166,271$0$855,087
74$1,622,321$125,818$0$886,246
75$1,737,666$81,851$0$922,595
76$1,863,197$34,151$0$962,228
77$1,999,904$0$0$1,005,529
78$2,148,874$0$0$1,062,178
79$2,311,306$0$0$1,143,663
80$2,488,518$0$0$1,232,614
81$2,681,962$0$0$1,329,766
82$2,893,235$0$0$1,435,926
83$3,124,096$0$0$1,551,987
84$3,376,481$0$0$1,678,928
85$3,652,522$0$0$1,817,829
86$3,954,565$0$0$1,969,879
87$4,285,196$0$0$2,136,387
88$4,647,260$0$0$2,318,795
89$5,043,891$0$0$2,518,690
90$5,478,541$0$0$2,737,821
91$5,955,010$0$0$2,978,113
92$6,477,486$0$0$3,241,687
93$7,050,578$0$0$3,530,880
94$7,679,366$0$0$3,848,264
95$8,369,444$0$0$4,196,675
96$9,126,974$0$0$4,579,234
97$9,958,742$0$0$4,999,381
98$10,872,227$0$0$5,460,904
99$11,875,665$0$0$5,967,977
100$12,978,129$0$0$6,525,199