Can I retire at age 54 with 472,000?

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 $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%19.3%
1 years$38,977$38,630$38,291$37,961$37,638$36,231
2 years$19,296$18,936$18,588$18,250$17,923$16,521
3 years$12,736$12,375$12,028$11,693$11,371$10,019
4 years$9,457$9,097$8,753$8,424$8,110$6,818
5 years$7,490$7,132$6,793$6,471$6,165$4,936
6 years$6,179$5,824$5,490$5,175$4,878$3,714
7 years$5,243$4,891$4,562$4,254$3,967$2,866
8 years$4,541$4,192$3,869$3,569$3,291$2,253
9 years$3,996$3,650$3,332$3,040$2,772$1,795
10 years$3,560$3,218$2,905$2,620$2,362$1,445
11 years$3,203$2,864$2,558$2,281$2,031$1,172
12 years$2,906$2,571$2,270$2,000$1,760$956
13 years$2,655$2,323$2,028$1,766$1,535$784
14 years$2,440$2,112$1,822$1,568$1,345$646
15 years$2,254$1,929$1,645$1,398$1,185$533
16 years$2,091$1,770$1,492$1,252$1,047$442
17 years$1,948$1,630$1,357$1,125$928$366
18 years$1,820$1,506$1,239$1,014$825$305
19 years$1,706$1,396$1,134$916$736$253
20 years$1,604$1,297$1,041$830$657$211
21 years$1,512$1,208$957$753$588$176
22 years$1,428$1,128$882$685$527$147
23 years$1,351$1,055$815$623$473$123
24 years$1,281$988$754$569$425$103
25 years$1,217$928$698$519$383$86
26 years$1,158$872$647$475$345$72
27 years$1,103$820$601$435$311$60
28 years$1,052$773$559$398$280$50
29 years$1,005$729$520$365$253$42
30 years$961$689$484$335$229$35
31 years$920$651$452$308$207$30
32 years$881$616$421$283$187$25
33 years$845$583$393$260$169$21
34 years$811$553$368$239$153$17
35 years$780$524$344$220$139$15
36 years$750$498$321$203$126$12
37 years$721$473$301$187$114$10
38 years$695$449$282$172$103$9
39 years$669$427$264$159$94$7
40 years$645$407$247$147$85$6
41 years$623$387$232$135$77$5
42 years$601$369$218$125$70$4
43 years$580$351$204$115$64$4
44 years$561$335$192$106$58$3
45 years$542$319$180$98$52$2
46 years$524$304$169$91$48$2
47 years$507$291$159$84$43$2
48 years$491$277$149$77$39$1
49 years$476$265$140$72$36$1
50 years$461$253$132$66$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $472,000, adding $3,772 every year, while hoping to spend $24,307 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: 51/36/13 Blend
53$472,000$472,000$472,000$472,000
54$524,035$499,019$491,703$548,742
55$551,624$497,608$482,312$564,656
56$581,212$495,314$471,793$579,066
57$612,979$492,067$460,080$594,181
58$647,118$487,794$447,109$610,076
59$683,846$482,417$432,809$626,832
60$723,398$475,855$417,107$644,542
61$766,032$468,020$399,928$663,307
62$812,034$458,820$381,193$683,242
63$861,716$448,157$360,817$704,475
64$915,422$435,927$338,715$727,147
65$973,528$422,021$314,795$751,419
66$1,036,451$406,322$288,964$777,466
67$1,104,646$388,709$261,121$805,485
68$1,178,614$369,051$231,163$835,696
69$1,258,908$347,210$198,982$868,341
70$1,346,135$323,041$164,466$903,693
71$1,440,961$296,390$127,497$942,052
72$1,544,122$267,096$87,950$983,753
73$1,656,425$234,986$45,699$1,029,169
74$1,778,759$199,879$608$1,078,713
75$1,912,102$161,583$0$1,132,843
76$2,057,532$119,896$0$1,198,658
77$2,216,233$74,604$0$1,270,653
78$2,389,509$25,480$0$1,349,390
79$2,578,798$0$0$1,435,585
80$2,785,678$0$0$1,541,011
81$3,011,892$0$0$1,667,373
82$3,259,355$0$0$1,805,653
83$3,530,177$0$0$1,957,036
84$3,826,681$0$0$2,122,827
85$4,151,426$0$0$2,304,463
86$4,507,230$0$0$2,503,527
87$4,897,194$0$0$2,721,762
88$5,324,738$0$0$2,961,087
89$5,793,623$0$0$3,223,618
90$6,307,997$0$0$3,511,682
91$6,872,425$0$0$3,827,845
92$7,491,935$0$0$4,174,933
93$8,172,070$0$0$4,556,058
94$8,918,931$0$0$4,974,649
95$9,739,241$0$0$5,434,484
96$10,640,406$0$0$5,939,723
97$11,630,584$0$0$6,494,950
98$12,718,764$0$0$7,105,216
99$13,914,846$0$0$7,776,084
100$15,229,740$0$0$8,513,684