Can I retire at age 54 with 467,000?

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 $467,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$38,564$38,221$37,886$37,559$37,239$36,487
2 years$19,091$18,736$18,391$18,057$17,733$16,979
3 years$12,601$12,244$11,900$11,569$11,251$10,518
4 years$9,357$9,001$8,660$8,335$8,024$7,318
5 years$7,410$7,057$6,721$6,402$6,100$5,422
6 years$6,113$5,762$5,431$5,120$4,826$4,179
7 years$5,187$4,839$4,514$4,209$3,925$3,307
8 years$4,493$4,148$3,828$3,531$3,256$2,668
9 years$3,953$3,612$3,297$3,008$2,742$2,183
10 years$3,522$3,183$2,874$2,593$2,337$1,806
11 years$3,169$2,834$2,531$2,256$2,010$1,507
12 years$2,875$2,544$2,246$1,979$1,741$1,266
13 years$2,627$2,299$2,006$1,747$1,519$1,069
14 years$2,414$2,089$1,803$1,551$1,331$908
15 years$2,230$1,909$1,628$1,383$1,172$773
16 years$2,069$1,751$1,476$1,239$1,036$661
17 years$1,927$1,613$1,343$1,113$918$566
18 years$1,801$1,490$1,226$1,003$817$486
19 years$1,688$1,381$1,122$906$728$418
20 years$1,587$1,284$1,030$821$650$360
21 years$1,496$1,196$947$745$582$311
22 years$1,413$1,116$873$677$522$269
23 years$1,337$1,044$806$617$468$232
24 years$1,268$978$746$563$421$201
25 years$1,204$918$691$514$379$174
26 years$1,145$863$640$470$341$151
27 years$1,091$812$595$430$308$131
28 years$1,041$765$553$394$277$114
29 years$994$722$514$361$251$99
30 years$951$681$479$332$226$86
31 years$910$644$447$304$205$74
32 years$872$610$417$280$185$65
33 years$836$577$389$257$168$56
34 years$803$547$364$237$152$49
35 years$771$519$340$218$137$42
36 years$742$493$318$201$124$37
37 years$714$468$298$185$113$32
38 years$687$445$279$170$102$28
39 years$662$423$261$157$93$24
40 years$638$402$245$145$84$21
41 years$616$383$230$134$76$18
42 years$595$365$215$123$69$16
43 years$574$347$202$114$63$14
44 years$555$331$190$105$57$12
45 years$536$316$178$97$52$11
46 years$519$301$167$90$47$9
47 years$502$287$157$83$43$8
48 years$486$274$148$77$39$7
49 years$471$262$139$71$35$6
50 years$456$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 $467,000, adding $6,368 every year, while hoping to spend $33,107 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: 26/49/25 Blend
53$467,000$467,000$467,000$467,000
54$521,203$496,452$489,213$530,530
55$539,140$485,552$470,376$527,661
56$557,797$473,009$449,799$521,308
57$577,212$458,707$427,387$513,797
58$597,427$442,523$403,044$505,050
59$618,487$424,328$376,668$494,989
60$640,438$403,986$348,152$483,528
61$663,333$381,351$317,385$470,580
62$687,226$356,271$284,251$456,052
63$712,178$328,583$248,628$439,847
64$738,253$298,116$210,390$421,861
65$765,520$264,690$169,403$401,989
66$794,056$228,112$125,531$380,118
67$823,942$188,182$78,628$356,129
68$855,266$144,685$28,545$329,901
69$888,125$97,396$0$301,303
70$922,622$46,077$0$276,845
71$958,871$0$0$258,299
72$996,995$0$0$243,078
73$1,037,128$0$0$253,235
74$1,079,415$0$0$263,968
75$1,124,015$0$0$275,320
76$1,171,101$0$0$287,339
77$1,220,861$0$0$300,078
78$1,273,502$0$0$313,594
79$1,329,248$0$0$327,951
80$1,388,344$0$0$343,216
81$1,451,059$0$0$359,466
82$1,517,685$0$0$376,783
83$1,588,543$0$0$395,256
84$1,663,985$0$0$414,985
85$1,744,394$0$0$436,078
86$1,830,192$0$0$458,653
87$1,921,838$0$0$482,841
88$2,019,839$0$0$508,785
89$2,124,749$0$0$536,640
90$2,237,174$0$0$566,580
91$2,357,781$0$0$598,792
92$2,487,301$0$0$633,484
93$2,626,536$0$0$670,884
94$2,776,368$0$0$711,241
95$2,937,763$0$0$754,830
96$3,111,784$0$0$801,953
97$3,299,597$0$0$852,942
98$3,502,486$0$0$908,161
99$3,721,858$0$0$968,011
100$3,959,263$0$0$1,032,934