Can I retire at age 54 with 468,000?

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 $468,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$38,647$38,303$37,967$37,639$37,319$36,358
2 years$19,132$18,776$18,431$18,096$17,771$16,809
3 years$12,628$12,270$11,926$11,594$11,275$10,342
4 years$9,377$9,020$8,679$8,353$8,041$7,145
5 years$7,426$7,072$6,735$6,416$6,113$5,255
6 years$6,127$5,775$5,443$5,131$4,837$4,019
7 years$5,198$4,849$4,523$4,218$3,934$3,156
8 years$4,503$4,157$3,836$3,539$3,263$2,525
9 years$3,962$3,619$3,304$3,014$2,748$2,049
10 years$3,529$3,190$2,880$2,598$2,342$1,680
11 years$3,176$2,840$2,536$2,261$2,014$1,390
12 years$2,882$2,549$2,251$1,983$1,745$1,157
13 years$2,633$2,304$2,011$1,751$1,522$968
14 years$2,419$2,094$1,807$1,554$1,334$814
15 years$2,235$1,913$1,631$1,386$1,175$687
16 years$2,073$1,755$1,479$1,241$1,038$581
17 years$1,931$1,616$1,346$1,115$920$493
18 years$1,805$1,494$1,228$1,005$818$419
19 years$1,692$1,384$1,125$908$729$357
20 years$1,591$1,286$1,032$822$652$304
21 years$1,499$1,198$949$746$583$260
22 years$1,416$1,118$875$679$523$222
23 years$1,340$1,046$808$618$469$190
24 years$1,270$980$747$564$422$162
25 years$1,207$920$692$515$379$139
26 years$1,148$864$642$471$342$119
27 years$1,093$813$596$431$308$102
28 years$1,043$767$554$395$278$88
29 years$996$723$516$362$251$75
30 years$953$683$480$332$227$65
31 years$912$646$448$305$205$55
32 years$874$611$418$280$186$48
33 years$838$579$390$258$168$41
34 years$805$548$364$237$152$35
35 years$773$520$341$218$138$30
36 years$743$494$319$201$125$26
37 years$715$469$298$185$113$22
38 years$689$446$279$171$103$19
39 years$664$424$262$158$93$16
40 years$640$403$245$145$84$14
41 years$617$384$230$134$76$12
42 years$596$365$216$124$69$10
43 years$575$348$202$114$63$9
44 years$556$332$190$105$57$8
45 years$538$316$178$97$52$7
46 years$520$302$168$90$47$6
47 years$503$288$157$83$43$5
48 years$487$275$148$77$39$4
49 years$472$263$139$71$35$4
50 years$457$251$131$66$32$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $468,000, adding $3,698 every year, while hoping to spend $20,509 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: 64/13/23 Blend
53$468,000$468,000$468,000$468,000
54$519,550$494,746$487,492$549,474
55$550,723$497,168$482,002$572,519
56$584,388$499,020$475,640$595,057
57$620,778$500,254$468,356$619,215
58$660,148$500,818$460,097$645,154
59$702,780$500,654$450,807$673,050
60$748,981$499,704$440,427$703,100
61$799,093$497,905$428,897$735,521
62$853,488$495,190$416,153$770,550
63$912,578$491,488$402,127$808,454
64$976,813$486,724$386,751$849,523
65$1,046,692$480,817$369,952$894,081
66$1,122,761$473,684$351,652$942,482
67$1,205,623$465,234$331,772$995,122
68$1,295,939$455,373$310,228$1,052,433
69$1,394,438$444,000$286,935$1,114,897
70$1,501,924$431,009$261,800$1,183,042
71$1,619,278$416,287$234,728$1,257,454
72$1,747,474$399,714$205,621$1,338,778
73$1,887,580$381,164$174,374$1,427,728
74$2,040,777$360,505$140,878$1,525,090
75$2,208,360$337,593$105,022$1,631,734
76$2,391,759$312,282$66,686$1,748,619
77$2,592,546$284,411$25,748$1,876,802
78$2,812,454$253,815$0$2,017,454
79$3,053,389$220,317$0$2,176,265
80$3,317,452$183,730$0$2,357,285
81$3,606,958$143,858$0$2,555,794
82$3,924,453$100,493$0$2,773,560
83$4,272,746$53,415$0$3,012,532
84$4,654,925$2,392$0$3,274,858
85$5,074,398$0$0$3,562,907
86$5,534,914$0$0$3,886,843
87$6,040,604$0$0$4,242,967
88$6,596,021$0$0$4,634,145
89$7,206,177$0$0$5,063,912
90$7,876,596$0$0$5,536,164
91$8,613,363$0$0$6,055,191
92$9,423,180$0$0$6,625,720
93$10,313,434$0$0$7,252,960
94$11,292,259$0$0$7,942,647
95$12,368,621$0$0$8,701,105
96$13,552,395$0$0$9,535,296
97$14,854,462$0$0$10,452,896
98$16,286,812$0$0$11,462,358
99$17,862,652$0$0$12,572,998
100$19,596,538$0$0$13,795,080