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%12%
1 years$38,647$38,303$37,967$37,639$37,319$37,006
2 years$19,132$18,776$18,431$18,096$17,771$17,456
3 years$12,628$12,270$11,926$11,594$11,275$10,967
4 years$9,377$9,020$8,679$8,353$8,041$7,743
5 years$7,426$7,072$6,735$6,416$6,113$5,825
6 years$6,127$5,775$5,443$5,131$4,837$4,560
7 years$5,198$4,849$4,523$4,218$3,934$3,668
8 years$4,503$4,157$3,836$3,539$3,263$3,009
9 years$3,962$3,619$3,304$3,014$2,748$2,505
10 years$3,529$3,190$2,880$2,598$2,342$2,109
11 years$3,176$2,840$2,536$2,261$2,014$1,792
12 years$2,882$2,549$2,251$1,983$1,745$1,533
13 years$2,633$2,304$2,011$1,751$1,522$1,320
14 years$2,419$2,094$1,807$1,554$1,334$1,142
15 years$2,235$1,913$1,631$1,386$1,175$993
16 years$2,073$1,755$1,479$1,241$1,038$866
17 years$1,931$1,616$1,346$1,115$920$757
18 years$1,805$1,494$1,228$1,005$818$664
19 years$1,692$1,384$1,125$908$729$583
20 years$1,591$1,286$1,032$822$652$514
21 years$1,499$1,198$949$746$583$453
22 years$1,416$1,118$875$679$523$400
23 years$1,340$1,046$808$618$469$354
24 years$1,270$980$747$564$422$313
25 years$1,207$920$692$515$379$278
26 years$1,148$864$642$471$342$246
27 years$1,093$813$596$431$308$218
28 years$1,043$767$554$395$278$194
29 years$996$723$516$362$251$172
30 years$953$683$480$332$227$153
31 years$912$646$448$305$205$136
32 years$874$611$418$280$186$121
33 years$838$579$390$258$168$108
34 years$805$548$364$237$152$96
35 years$773$520$341$218$138$86
36 years$743$494$319$201$125$76
37 years$715$469$298$185$113$68
38 years$689$446$279$171$103$61
39 years$664$424$262$158$93$54
40 years$640$403$245$145$84$48
41 years$617$384$230$134$76$43
42 years$596$365$216$124$69$38
43 years$575$348$202$114$63$34
44 years$556$332$190$105$57$31
45 years$538$316$178$97$52$27
46 years$520$302$168$90$47$24
47 years$503$288$157$83$43$22
48 years$487$275$148$77$39$19
49 years$472$263$139$71$35$17
50 years$457$251$131$66$32$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $468,000, adding $2,940 every year, while hoping to spend $26,770 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: 53/29/18 Blend
53$468,000$468,000$468,000$468,000
54$518,769$493,965$486,711$543,578
55$543,200$489,686$474,532$556,622
56$569,226$484,300$461,049$567,743
57$596,981$477,725$446,188$579,258
58$626,613$469,873$429,875$591,212
59$658,282$460,652$412,031$603,657
60$692,166$449,963$392,573$616,652
61$728,459$437,703$371,416$630,261
62$767,372$423,761$348,469$644,559
63$809,140$408,021$323,639$659,629
64$854,019$390,360$296,827$675,566
65$902,289$370,648$267,930$692,474
66$954,259$348,746$236,843$710,473
67$1,010,268$324,509$203,451$729,694
68$1,070,688$297,783$167,640$750,288
69$1,135,928$268,404$129,286$772,419
70$1,206,438$236,201$88,262$796,276
71$1,282,711$200,991$44,435$822,066
72$1,365,290$162,583$0$850,022
73$1,454,772$120,772$0$880,852
74$1,551,813$75,344$0$923,535
75$1,657,135$26,073$0$969,880
76$1,771,531$0$0$1,020,278
77$1,895,876$0$0$1,083,866
78$2,031,128$0$0$1,162,123
79$2,178,345$0$0$1,247,345
80$2,338,689$0$0$1,340,210
81$2,513,440$0$0$1,441,465
82$2,704,006$0$0$1,551,931
83$2,911,938$0$0$1,672,513
84$3,138,940$0$0$1,804,207
85$3,386,891$0$0$1,948,108
86$3,657,857$0$0$2,105,422
87$3,954,116$0$0$2,277,479
88$4,278,173$0$0$2,465,741
89$4,632,787$0$0$2,671,818
90$5,020,995$0$0$2,897,484
91$5,446,145$0$0$3,144,692
92$5,911,920$0$0$3,415,593
93$6,422,377$0$0$3,712,554
94$6,981,985$0$0$4,038,186
95$7,595,665$0$0$4,395,362
96$8,268,839$0$0$4,787,245
97$9,007,477$0$0$5,217,323
98$9,818,155$0$0$5,689,435
99$10,708,117$0$0$6,207,810
100$11,685,344$0$0$6,777,108