Can I retire at age 54 with 465,000?

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 $465,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$38,399$38,057$37,724$37,398$37,080$36,571
2 years$19,010$18,656$18,312$17,980$17,657$17,145
3 years$12,547$12,192$11,849$11,520$11,202$10,704
4 years$9,317$8,962$8,623$8,299$7,990$7,508
5 years$7,379$7,026$6,692$6,375$6,074$5,610
6 years$6,087$5,738$5,408$5,098$4,806$4,361
7 years$5,165$4,818$4,494$4,191$3,908$3,483
8 years$4,474$4,130$3,811$3,516$3,242$2,835
9 years$3,937$3,596$3,283$2,995$2,731$2,342
10 years$3,507$3,170$2,862$2,582$2,327$1,957
11 years$3,156$2,822$2,520$2,247$2,001$1,649
12 years$2,863$2,533$2,236$1,971$1,734$1,400
13 years$2,616$2,289$1,998$1,740$1,512$1,195
14 years$2,404$2,081$1,795$1,544$1,325$1,025
15 years$2,220$1,901$1,621$1,377$1,167$883
16 years$2,060$1,744$1,469$1,233$1,031$763
17 years$1,919$1,606$1,337$1,108$915$661
18 years$1,793$1,484$1,221$999$813$575
19 years$1,681$1,375$1,117$902$725$500
20 years$1,580$1,278$1,025$817$647$436
21 years$1,489$1,190$943$742$579$381
22 years$1,407$1,111$869$674$519$333
23 years$1,331$1,039$803$614$466$292
24 years$1,262$974$742$560$419$256
25 years$1,199$914$688$512$377$224
26 years$1,140$859$638$468$340$197
27 years$1,086$808$592$428$306$173
28 years$1,036$762$550$392$276$152
29 years$990$719$512$360$249$134
30 years$947$679$477$330$225$118
31 years$906$641$445$303$204$104
32 years$868$607$415$279$184$91
33 years$833$575$388$256$167$80
34 years$799$545$362$236$151$71
35 years$768$517$339$217$137$62
36 years$739$490$317$200$124$55
37 years$711$466$296$184$112$48
38 years$684$443$278$170$102$43
39 years$659$421$260$157$92$38
40 years$636$400$244$144$84$33
41 years$613$381$229$133$76$29
42 years$592$363$214$123$69$26
43 years$572$346$201$113$63$23
44 years$552$330$189$105$57$20
45 years$534$314$177$97$52$18
46 years$517$300$167$89$47$16
47 years$500$286$156$83$43$14
48 years$484$273$147$76$39$12
49 years$469$261$138$71$35$11
50 years$454$249$130$65$32$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $465,000, adding $3,688 every year, while hoping to spend $33,136 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: 70/5/25 Blend
53$465,000$465,000$465,000$465,000
54$516,234$491,589$484,382$548,846
55$533,634$480,421$465,352$559,977
56$551,697$467,594$444,574$567,962
57$570,458$452,994$421,955$575,918
58$589,950$436,496$397,396$583,841
59$610,212$417,971$370,796$591,726
60$631,283$397,282$342,047$599,571
61$653,207$374,281$311,039$607,371
62$676,029$348,816$277,653$615,125
63$699,799$320,723$241,770$622,830
64$724,571$289,830$203,261$630,485
65$750,401$255,956$161,994$638,092
66$777,351$218,907$117,830$645,652
67$805,488$178,481$70,625$653,168
68$834,883$134,462$20,227$660,646
69$865,615$86,625$0$668,093
70$897,768$34,729$0$684,470
71$931,431$0$0$707,178
72$966,704$0$0$732,060
73$1,003,693$0$0$760,163
74$1,042,514$0$0$789,666
75$1,083,292$0$0$820,665
76$1,126,165$0$0$853,265
77$1,171,282$0$0$887,581
78$1,218,802$0$0$923,736
79$1,268,904$0$0$961,866
80$1,321,778$0$0$1,002,119
81$1,377,633$0$0$1,044,655
82$1,436,699$0$0$1,089,649
83$1,499,223$0$0$1,137,294
84$1,565,478$0$0$1,187,798
85$1,635,761$0$0$1,241,391
86$1,710,398$0$0$1,298,321
87$1,789,742$0$0$1,358,864
88$1,874,184$0$0$1,423,317
89$1,964,148$0$0$1,492,008
90$2,060,100$0$0$1,565,297
91$2,162,551$0$0$1,643,577
92$2,272,061$0$0$1,727,277
93$2,389,241$0$0$1,816,870
94$2,514,765$0$0$1,912,874
95$2,649,370$0$0$2,015,857
96$2,793,865$0$0$2,126,443
97$2,949,137$0$0$2,245,314
98$3,116,162$0$0$2,373,223
99$3,296,008$0$0$2,510,994
100$3,489,852$0$0$2,659,531