Can I retire at age 54 with 472,000?

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 $472,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$38,977$38,630$38,291$37,961$37,638$37,401
2 years$19,296$18,936$18,588$18,250$17,923$17,684
3 years$12,736$12,375$12,028$11,693$11,371$11,137
4 years$9,457$9,097$8,753$8,424$8,110$7,883
5 years$7,490$7,132$6,793$6,471$6,165$5,946
6 years$6,179$5,824$5,490$5,175$4,878$4,667
7 years$5,243$4,891$4,562$4,254$3,967$3,765
8 years$4,541$4,192$3,869$3,569$3,291$3,097
9 years$3,996$3,650$3,332$3,040$2,772$2,585
10 years$3,560$3,218$2,905$2,620$2,362$2,183
11 years$3,203$2,864$2,558$2,281$2,031$1,861
12 years$2,906$2,571$2,270$2,000$1,760$1,598
13 years$2,655$2,323$2,028$1,766$1,535$1,380
14 years$2,440$2,112$1,822$1,568$1,345$1,198
15 years$2,254$1,929$1,645$1,398$1,185$1,044
16 years$2,091$1,770$1,492$1,252$1,047$914
17 years$1,948$1,630$1,357$1,125$928$802
18 years$1,820$1,506$1,239$1,014$825$706
19 years$1,706$1,396$1,134$916$736$622
20 years$1,604$1,297$1,041$830$657$550
21 years$1,512$1,208$957$753$588$487
22 years$1,428$1,128$882$685$527$432
23 years$1,351$1,055$815$623$473$383
24 years$1,281$988$754$569$425$340
25 years$1,217$928$698$519$383$303
26 years$1,158$872$647$475$345$270
27 years$1,103$820$601$435$311$240
28 years$1,052$773$559$398$280$214
29 years$1,005$729$520$365$253$191
30 years$961$689$484$335$229$171
31 years$920$651$452$308$207$152
32 years$881$616$421$283$187$136
33 years$845$583$393$260$169$122
34 years$811$553$368$239$153$109
35 years$780$524$344$220$139$97
36 years$750$498$321$203$126$87
37 years$721$473$301$187$114$78
38 years$695$449$282$172$103$70
39 years$669$427$264$159$94$63
40 years$645$407$247$147$85$56
41 years$623$387$232$135$77$50
42 years$601$369$218$125$70$45
43 years$580$351$204$115$64$40
44 years$561$335$192$106$58$36
45 years$542$319$180$98$52$32
46 years$524$304$169$91$48$29
47 years$507$291$159$84$43$26
48 years$491$277$149$77$39$23
49 years$476$265$140$72$36$21
50 years$461$253$132$66$32$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $472,000, adding $2,653 every year, while hoping to spend $35,453 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: 38/42/20 Blend
53$472,000$472,000$472,000$472,000
54$522,881$497,865$490,549$539,526
55$538,493$484,538$469,260$538,464
56$554,509$469,371$446,070$533,774
57$570,933$452,234$420,878$527,975
58$587,769$432,994$393,578$520,989
59$605,017$411,506$364,059$512,730
60$622,680$387,621$332,205$503,107
61$640,756$361,178$297,898$492,027
62$659,245$332,008$261,009$479,387
63$678,144$299,932$221,409$465,081
64$697,448$264,761$178,959$448,996
65$717,149$226,297$133,516$431,010
66$737,240$184,327$84,930$410,997
67$757,709$138,629$33,046$388,821
68$778,542$88,968$0$364,339
69$799,721$35,096$0$342,163
70$821,227$0$0$325,204
71$843,034$0$0$317,016
72$865,113$0$0$325,128
73$887,432$0$0$333,304
74$909,950$0$0$341,526
75$932,623$0$0$349,776
76$955,400$0$0$358,030
77$978,220$0$0$366,261
78$1,001,017$0$0$374,442
79$1,023,715$0$0$382,537
80$1,046,227$0$0$390,510
81$1,068,455$0$0$398,319
82$1,090,289$0$0$405,915
83$1,111,604$0$0$413,245
84$1,132,262$0$0$420,250
85$1,152,107$0$0$426,863
86$1,170,962$0$0$433,008
87$1,188,634$0$0$438,601
88$1,204,902$0$0$443,550
89$1,219,522$0$0$447,751
90$1,232,224$0$0$451,087
91$1,242,702$0$0$453,430
92$1,250,620$0$0$454,637
93$1,255,603$0$0$454,547
94$1,257,232$0$0$452,985
95$1,255,045$0$0$449,754
96$1,248,526$0$0$444,637
97$1,237,105$0$0$437,391
98$1,220,147$0$0$427,749
99$1,196,950$0$0$415,414
100$1,166,737$0$0$400,058