Can I retire at age 54 with 470,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$38,812$38,466$38,129$37,800$37,478$36,858
2 years$19,214$18,856$18,509$18,173$17,847$17,223
3 years$12,682$12,323$11,977$11,644$11,323$10,716
4 years$9,417$9,058$8,716$8,389$8,076$7,490
5 years$7,458$7,102$6,764$6,443$6,139$5,576
6 years$6,153$5,799$5,466$5,153$4,857$4,318
7 years$5,221$4,870$4,543$4,236$3,950$3,435
8 years$4,522$4,175$3,852$3,554$3,277$2,785
9 years$3,979$3,635$3,318$3,027$2,760$2,291
10 years$3,545$3,204$2,893$2,609$2,352$1,906
11 years$3,190$2,852$2,547$2,271$2,022$1,599
12 years$2,894$2,560$2,260$1,992$1,753$1,352
13 years$2,644$2,314$2,019$1,759$1,528$1,149
14 years$2,430$2,103$1,814$1,561$1,340$981
15 years$2,244$1,921$1,638$1,392$1,180$841
16 years$2,082$1,763$1,485$1,247$1,043$723
17 years$1,939$1,623$1,351$1,120$924$623
18 years$1,813$1,500$1,234$1,009$822$539
19 years$1,699$1,390$1,129$912$733$467
20 years$1,597$1,292$1,037$826$654$405
21 years$1,505$1,203$953$750$586$352
22 years$1,422$1,123$879$682$525$306
23 years$1,346$1,050$811$621$471$267
24 years$1,276$984$750$566$423$232
25 years$1,212$924$695$517$381$203
26 years$1,153$868$645$473$343$177
27 years$1,098$817$599$433$309$155
28 years$1,048$770$556$396$279$135
29 years$1,001$726$518$364$252$118
30 years$957$686$482$334$228$103
31 years$916$648$450$306$206$90
32 years$878$613$420$282$186$79
33 years$842$581$392$259$169$69
34 years$808$551$366$238$153$61
35 years$776$522$342$219$138$53
36 years$746$496$320$202$125$47
37 years$718$471$300$186$114$41
38 years$692$447$281$172$103$36
39 years$666$425$263$158$93$31
40 years$643$405$246$146$85$27
41 years$620$385$231$135$77$24
42 years$598$367$217$124$70$21
43 years$578$350$203$115$63$19
44 years$558$333$191$106$57$16
45 years$540$318$179$98$52$14
46 years$522$303$168$90$47$12
47 years$505$289$158$83$43$11
48 years$489$276$149$77$39$10
49 years$474$264$140$71$35$8
50 years$459$252$131$66$32$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $470,000, adding $3,789 every year, while hoping to spend $36,095 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: 60/14/26 Blend
53$470,000$470,000$470,000$470,000
54$521,848$496,938$489,653$549,301
55$536,672$482,884$467,652$554,375
56$551,798$466,930$443,704$555,691
57$567,219$448,947$417,705$556,356
58$582,926$428,796$389,549$556,315
59$598,907$406,330$359,122$555,508
60$615,149$381,393$326,305$553,872
61$631,634$353,822$290,977$551,339
62$648,344$323,443$253,008$547,835
63$665,256$290,072$212,264$543,283
64$682,342$253,515$168,605$537,599
65$699,571$213,568$121,884$530,693
66$716,908$170,014$71,948$522,468
67$734,312$122,624$18,637$512,821
68$751,736$71,156$0$501,642
69$769,127$15,357$0$499,423
70$786,424$0$0$501,630
71$803,559$0$0$509,942
72$820,455$0$0$520,440
73$837,024$0$0$530,701
74$853,170$0$0$540,660
75$868,781$0$0$550,244
76$883,736$0$0$559,370
77$897,895$0$0$567,946
78$911,105$0$0$575,869
79$923,194$0$0$583,026
80$933,970$0$0$589,288
81$943,217$0$0$594,513
82$950,699$0$0$598,541
83$956,148$0$0$601,198
84$959,271$0$0$602,286
85$959,738$0$0$601,587
86$957,186$0$0$598,860
87$951,209$0$0$593,836
88$941,359$0$0$586,218
89$927,137$0$0$575,674
90$907,992$0$0$561,839
91$883,313$0$0$544,307
92$852,422$0$0$522,630
93$814,568$0$0$496,310
94$768,922$0$0$464,797
95$714,566$0$0$427,483
96$650,482$0$0$383,693
97$575,547$0$0$332,685
98$488,518$0$0$273,633
99$388,022$0$0$205,630
100$272,540$0$0$127,669