Can I retire at age 54 with 466,000?

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 $466,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$38,482$38,139$37,805$37,478$37,159$36,013
2 years$19,050$18,696$18,352$18,018$17,695$16,550
3 years$12,574$12,218$11,875$11,545$11,226$10,119
4 years$9,337$8,981$8,642$8,317$8,007$6,945
5 years$7,395$7,042$6,706$6,388$6,087$5,074
6 years$6,100$5,750$5,420$5,109$4,816$3,853
7 years$5,176$4,829$4,504$4,200$3,917$3,003
8 years$4,484$4,139$3,820$3,524$3,249$2,385
9 years$3,945$3,604$3,290$3,001$2,736$1,920
10 years$3,514$3,177$2,868$2,587$2,332$1,562
11 years$3,162$2,828$2,525$2,252$2,005$1,281
12 years$2,869$2,538$2,241$1,975$1,738$1,057
13 years$2,621$2,294$2,002$1,744$1,515$877
14 years$2,409$2,085$1,799$1,548$1,328$731
15 years$2,225$1,905$1,624$1,380$1,170$611
16 years$2,065$1,748$1,473$1,236$1,034$512
17 years$1,923$1,609$1,340$1,110$917$430
18 years$1,797$1,487$1,223$1,001$815$362
19 years$1,685$1,378$1,120$904$726$305
20 years$1,584$1,281$1,028$819$649$258
21 years$1,493$1,193$945$743$581$218
22 years$1,410$1,114$871$676$520$184
23 years$1,334$1,042$804$615$467$156
24 years$1,265$976$744$561$420$132
25 years$1,201$916$689$513$378$112
26 years$1,143$861$639$469$340$95
27 years$1,089$810$593$429$307$81
28 years$1,039$763$552$393$277$68
29 years$992$720$513$360$250$58
30 years$949$680$478$331$226$49
31 years$908$643$446$304$204$42
32 years$870$608$416$279$185$36
33 years$835$576$388$257$167$30
34 years$801$546$363$236$151$26
35 years$770$518$339$217$137$22
36 years$740$491$317$200$124$19
37 years$712$467$297$185$113$16
38 years$686$444$278$170$102$13
39 years$661$422$261$157$93$11
40 years$637$401$244$145$84$10
41 years$615$382$229$133$76$8
42 years$593$364$215$123$69$7
43 years$573$347$202$114$63$6
44 years$554$330$189$105$57$5
45 years$535$315$178$97$52$4
46 years$518$301$167$90$47$4
47 years$501$287$157$83$43$3
48 years$485$274$147$76$39$3
49 years$470$262$138$71$35$2
50 years$455$250$130$65$32$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $466,000, adding $2,429 every year, while hoping to spend $28,651 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: 75/12/13 Blend
53$466,000$466,000$466,000$466,000
54$516,038$491,340$484,117$553,181
55$538,189$484,931$469,850$571,627
56$561,639$477,248$454,145$588,015
57$586,491$468,198$436,924$605,188
58$612,857$457,682$418,104$623,215
59$640,857$445,598$397,600$642,173
60$670,627$431,834$375,321$662,146
61$702,311$416,275$351,175$683,228
62$736,071$398,797$325,064$705,523
63$772,082$379,269$296,884$729,144
64$810,534$357,553$266,530$754,221
65$851,640$333,504$233,890$780,892
66$895,628$306,967$198,847$809,313
67$942,753$277,779$161,279$839,657
68$993,292$245,768$121,060$872,115
69$1,047,548$210,751$78,055$906,897
70$1,105,856$172,536$32,128$944,236
71$1,168,582$130,920$0$984,390
72$1,236,130$85,686$0$1,029,988
73$1,308,940$36,610$0$1,083,910
74$1,387,498$0$0$1,142,067
75$1,472,339$0$0$1,207,053
76$1,564,048$0$0$1,282,541
77$1,663,269$0$0$1,364,228
78$1,770,711$0$0$1,452,699
79$1,887,152$0$0$1,548,597
80$2,013,449$0$0$1,652,631
81$2,150,543$0$0$1,765,578
82$2,299,470$0$0$1,888,293
83$2,461,369$0$0$2,021,717
84$2,637,494$0$0$2,166,887
85$2,829,222$0$0$2,324,941
86$3,038,073$0$0$2,497,134
87$3,265,714$0$0$2,684,844
88$3,513,984$0$0$2,889,589
89$3,784,906$0$0$3,113,042
90$4,080,705$0$0$3,357,042
91$4,403,832$0$0$3,623,614
92$4,756,986$0$0$3,914,986
93$5,143,136$0$0$4,233,615
94$5,565,553$0$0$4,582,201
95$6,027,838$0$0$4,963,721
96$6,533,955$0$0$5,381,451
97$7,088,272$0$0$5,838,999
98$7,695,597$0$0$6,340,340
99$8,361,224$0$0$6,889,849
100$9,090,988$0$0$7,492,346