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%15.1%
1 years$38,482$38,139$37,805$37,478$37,159$36,379
2 years$19,050$18,696$18,352$18,018$17,695$16,913
3 years$12,574$12,218$11,875$11,545$11,226$10,467
4 years$9,337$8,981$8,642$8,317$8,007$7,275
5 years$7,395$7,042$6,706$6,388$6,087$5,385
6 years$6,100$5,750$5,420$5,109$4,816$4,145
7 years$5,176$4,829$4,504$4,200$3,917$3,277
8 years$4,484$4,139$3,820$3,524$3,249$2,641
9 years$3,945$3,604$3,290$3,001$2,736$2,158
10 years$3,514$3,177$2,868$2,587$2,332$1,783
11 years$3,162$2,828$2,525$2,252$2,005$1,486
12 years$2,869$2,538$2,241$1,975$1,738$1,247
13 years$2,621$2,294$2,002$1,744$1,515$1,052
14 years$2,409$2,085$1,799$1,548$1,328$891
15 years$2,225$1,905$1,624$1,380$1,170$758
16 years$2,065$1,748$1,473$1,236$1,034$647
17 years$1,923$1,609$1,340$1,110$917$554
18 years$1,797$1,487$1,223$1,001$815$475
19 years$1,685$1,378$1,120$904$726$408
20 years$1,584$1,281$1,028$819$649$351
21 years$1,493$1,193$945$743$581$302
22 years$1,410$1,114$871$676$520$261
23 years$1,334$1,042$804$615$467$225
24 years$1,265$976$744$561$420$195
25 years$1,201$916$689$513$378$168
26 years$1,143$861$639$469$340$146
27 years$1,089$810$593$429$307$126
28 years$1,039$763$552$393$277$109
29 years$992$720$513$360$250$95
30 years$949$680$478$331$226$82
31 years$908$643$446$304$204$71
32 years$870$608$416$279$185$62
33 years$835$576$388$257$167$54
34 years$801$546$363$236$151$46
35 years$770$518$339$217$137$40
36 years$740$491$317$200$124$35
37 years$712$467$297$185$113$30
38 years$686$444$278$170$102$26
39 years$661$422$261$157$93$23
40 years$637$401$244$145$84$20
41 years$615$382$229$133$76$17
42 years$593$364$215$123$69$15
43 years$573$347$202$114$63$13
44 years$554$330$189$105$57$11
45 years$535$315$178$97$52$10
46 years$518$301$167$90$47$9
47 years$501$287$157$83$43$7
48 years$485$274$147$76$39$6
49 years$470$262$138$71$35$6
50 years$455$250$130$65$32$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $466,000, adding $4,470 every year, while hoping to spend $38,250 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: 78/7/15 Blend
53$466,000$466,000$466,000$466,000
54$518,143$493,445$486,222$556,579
55$530,296$476,926$461,813$566,016
56$542,406$458,316$435,304$571,063
57$554,430$437,471$406,584$575,531
58$566,315$414,241$375,539$579,349
59$578,006$388,466$342,046$582,437
60$589,439$359,976$305,980$584,708
61$600,540$328,594$267,209$586,068
62$611,230$294,129$225,595$586,410
63$621,417$256,383$180,995$585,621
64$631,000$215,145$133,257$583,574
65$639,866$170,191$82,225$580,132
66$647,888$121,286$27,735$575,143
67$654,925$68,182$0$568,441
68$660,820$10,615$0$564,713
69$665,398$0$0$563,944
70$668,463$0$0$565,483
71$669,800$0$0$566,346
72$669,168$0$0$565,506
73$666,299$0$0$562,736
74$660,897$0$0$557,778
75$652,634$0$0$550,350
76$641,143$0$0$540,138
77$626,022$0$0$526,795
78$606,821$0$0$509,935
79$583,047$0$0$489,132
80$554,148$0$0$463,913
81$519,519$0$0$433,756
82$478,485$0$0$398,082
83$430,305$0$0$356,252
84$374,155$0$0$307,559
85$309,127$0$0$251,221
86$234,215$0$0$186,373
87$148,309$0$0$112,061
88$50,183$0$0$27,230
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0