Can I retire at age 54 with 471,000?

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 $471,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$38,895$38,548$38,210$37,880$37,558$37,369
2 years$19,255$18,896$18,549$18,212$17,885$17,693
3 years$12,709$12,349$12,002$11,668$11,347$11,160
4 years$9,437$9,078$8,735$8,406$8,093$7,911
5 years$7,474$7,117$6,778$6,457$6,152$5,976
6 years$6,166$5,812$5,478$5,164$4,868$4,699
7 years$5,232$4,881$4,552$4,245$3,959$3,796
8 years$4,532$4,184$3,861$3,561$3,284$3,128
9 years$3,987$3,643$3,325$3,033$2,766$2,616
10 years$3,552$3,211$2,899$2,615$2,357$2,213
11 years$3,196$2,858$2,552$2,276$2,027$1,890
12 years$2,900$2,565$2,265$1,996$1,756$1,625
13 years$2,649$2,318$2,024$1,762$1,532$1,407
14 years$2,435$2,107$1,818$1,564$1,343$1,224
15 years$2,249$1,925$1,642$1,395$1,182$1,069
16 years$2,087$1,766$1,488$1,249$1,045$937
17 years$1,944$1,627$1,354$1,122$926$824
18 years$1,816$1,503$1,236$1,011$824$727
19 years$1,703$1,393$1,132$914$734$642
20 years$1,601$1,295$1,039$828$656$569
21 years$1,509$1,206$955$751$587$505
22 years$1,425$1,126$881$683$526$448
23 years$1,348$1,053$813$622$472$399
24 years$1,279$986$752$567$424$355
25 years$1,214$926$696$518$382$317
26 years$1,155$870$646$474$344$283
27 years$1,100$819$600$434$310$253
28 years$1,050$771$558$397$280$226
29 years$1,003$728$519$364$253$202
30 years$959$687$483$334$228$181
31 years$918$650$451$307$206$162
32 years$879$615$420$282$187$145
33 years$843$582$393$260$169$130
34 years$810$552$367$239$153$116
35 years$778$523$343$220$139$104
36 years$748$497$321$202$126$94
37 years$720$472$300$187$114$84
38 years$693$448$281$172$103$75
39 years$668$426$263$159$94$68
40 years$644$406$247$146$85$61
41 years$621$386$232$135$77$55
42 years$600$368$217$125$70$49
43 years$579$350$204$115$63$44
44 years$560$334$191$106$58$40
45 years$541$319$180$98$52$36
46 years$523$304$169$91$47$32
47 years$506$290$158$84$43$29
48 years$490$277$149$77$39$26
49 years$475$264$140$71$36$23
50 years$460$252$132$66$32$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $471,000, adding $6,993 every year, while hoping to spend $30,909 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: 73/5/22 Blend
53$471,000$471,000$471,000$471,000
54$526,255$501,292$493,992$561,355
55$547,046$492,969$477,654$577,309
56$568,922$483,201$459,732$590,407
57$591,961$471,887$440,142$603,983
58$616,247$458,915$418,793$618,079
59$641,874$444,172$395,592$632,742
60$668,942$427,533$370,441$648,024
61$697,560$408,869$343,237$663,985
62$727,851$388,042$313,875$680,689
63$759,943$364,908$282,242$698,209
64$793,982$339,313$248,221$716,626
65$830,123$311,094$211,691$736,029
66$868,538$280,080$172,525$756,520
67$909,414$246,089$130,590$778,208
68$952,956$208,930$85,747$801,218
69$999,389$168,399$37,851$825,686
70$1,048,959$124,283$0$851,766
71$1,101,936$76,356$0$882,739
72$1,158,615$24,379$0$925,365
73$1,219,320$0$0$970,997
74$1,284,406$0$0$1,021,661
75$1,354,264$0$0$1,077,494
76$1,429,321$0$0$1,137,497
77$1,510,047$0$0$1,202,050
78$1,596,957$0$0$1,271,565
79$1,690,619$0$0$1,346,498
80$1,791,652$0$0$1,427,349
81$1,900,742$0$0$1,514,668
82$2,018,639$0$0$1,609,058
83$2,146,168$0$0$1,711,182
84$2,284,236$0$0$1,821,769
85$2,433,841$0$0$1,941,622
86$2,596,079$0$0$2,071,622
87$2,772,155$0$0$2,212,739
88$2,963,397$0$0$2,366,039
89$3,171,262$0$0$2,532,694
90$3,397,356$0$0$2,713,997
91$3,643,445$0$0$2,911,365
92$3,911,470$0$0$3,126,362
93$4,203,570$0$0$3,360,707
94$4,522,098$0$0$3,616,292
95$4,869,644$0$0$3,895,199
96$5,249,057$0$0$4,199,722
97$5,663,476$0$0$4,532,383
98$6,116,355$0$0$4,895,960
99$6,611,496$0$0$5,293,513
100$7,153,087$0$0$5,728,408