Can I retire at age 54 with 469,000?

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 $469,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$38,730$38,385$38,048$37,720$37,399$37,101
2 years$19,173$18,816$18,470$18,134$17,809$17,509
3 years$12,655$12,296$11,951$11,619$11,299$11,005
4 years$9,397$9,039$8,697$8,371$8,058$7,774
5 years$7,442$7,087$6,750$6,430$6,126$5,852
6 years$6,140$5,787$5,455$5,142$4,847$4,583
7 years$5,210$4,860$4,533$4,227$3,942$3,689
8 years$4,512$4,166$3,844$3,546$3,270$3,027
9 years$3,970$3,627$3,311$3,021$2,754$2,522
10 years$3,537$3,197$2,887$2,604$2,347$2,124
11 years$3,183$2,846$2,541$2,266$2,018$1,806
12 years$2,888$2,555$2,255$1,988$1,749$1,547
13 years$2,638$2,309$2,015$1,755$1,525$1,333
14 years$2,425$2,098$1,811$1,558$1,337$1,154
15 years$2,240$1,917$1,635$1,389$1,177$1,003
16 years$2,078$1,759$1,482$1,244$1,040$875
17 years$1,935$1,620$1,349$1,118$922$766
18 years$1,809$1,497$1,231$1,007$820$672
19 years$1,696$1,387$1,127$910$731$591
20 years$1,594$1,289$1,034$824$653$521
21 years$1,502$1,201$951$748$584$460
22 years$1,419$1,121$877$680$524$406
23 years$1,343$1,048$810$619$470$360
24 years$1,273$982$749$565$423$319
25 years$1,209$922$693$516$380$283
26 years$1,150$866$643$472$343$251
27 years$1,096$815$597$432$309$223
28 years$1,045$768$555$396$279$198
29 years$998$725$517$363$252$176
30 years$955$684$481$333$227$157
31 years$914$647$449$306$206$140
32 years$876$612$419$281$186$124
33 years$840$580$391$258$168$111
34 years$806$549$365$238$152$99
35 years$775$521$341$219$138$88
36 years$745$495$319$202$125$78
37 years$717$470$299$186$113$70
38 years$690$446$280$171$103$62
39 years$665$425$262$158$93$56
40 years$641$404$246$146$84$50
41 years$619$385$231$134$77$44
42 years$597$366$216$124$70$40
43 years$577$349$203$114$63$35
44 years$557$333$190$106$57$32
45 years$539$317$179$98$52$28
46 years$521$303$168$90$47$25
47 years$504$289$158$83$43$22
48 years$488$276$148$77$39$20
49 years$473$263$139$71$35$18
50 years$458$251$131$66$32$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $469,000, adding $6,725 every year, while hoping to spend $21,191 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: 46/36/18 Blend
53$469,000$469,000$469,000$469,000
54$523,775$498,918$491,648$544,895
55$554,653$500,818$485,571$562,216
56$587,970$502,101$478,581$578,339
57$623,953$502,714$470,623$595,383
58$662,851$502,601$461,644$613,441
59$704,937$501,703$451,584$632,620
60$750,511$499,958$440,383$653,036
61$799,905$497,297$427,977$674,821
62$853,481$493,651$414,300$698,119
63$911,640$488,943$399,283$723,091
64$974,820$483,095$382,852$749,918
65$1,043,506$476,021$364,932$778,797
66$1,118,230$467,632$345,443$809,951
67$1,199,576$457,833$324,303$843,624
68$1,288,190$446,523$301,423$880,090
69$1,384,778$433,596$276,715$919,649
70$1,490,123$418,940$250,082$962,639
71$1,605,082$402,434$221,426$1,009,429
72$1,730,600$383,953$190,643$1,060,434
73$1,867,718$363,363$157,626$1,116,109
74$2,017,580$340,523$122,262$1,176,960
75$2,181,448$315,284$84,433$1,243,550
76$2,360,710$287,487$44,015$1,316,498
77$2,556,894$256,966$882$1,396,494
78$2,771,684$223,544$0$1,484,299
79$3,006,933$187,035$0$1,589,427
80$3,264,683$147,242$0$1,704,886
81$3,547,181$103,957$0$1,831,565
82$3,856,903$56,960$0$1,970,638
83$4,196,575$6,020$0$2,123,398
84$4,569,202$0$0$2,291,276
85$4,978,091$0$0$2,495,304
86$5,426,885$0$0$2,721,919
87$5,919,599$0$0$2,970,770
88$6,460,654$0$0$3,244,097
89$7,054,920$0$0$3,544,368
90$7,707,762$0$0$3,874,301
91$8,425,092$0$0$4,236,893
92$9,213,419$0$0$4,635,442
93$10,079,919$0$0$5,073,585
94$11,032,494$0$0$5,555,326
95$12,079,850$0$0$6,085,078
96$13,231,582$0$0$6,667,703
97$14,498,257$0$0$7,308,557
98$15,891,520$0$0$8,013,542
99$17,424,200$0$0$8,789,159
100$19,110,434$0$0$9,642,574