Can I retire at age 54 with 475,000?

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 $475,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$39,225$38,876$38,535$38,202$37,877$36,360
2 years$19,418$19,057$18,706$18,366$18,037$16,527
3 years$12,817$12,454$12,104$11,768$11,443$9,989
4 years$9,517$9,155$8,809$8,478$8,161$6,773
5 years$7,537$7,178$6,836$6,512$6,204$4,886
6 years$6,218$5,861$5,524$5,208$4,909$3,662
7 years$5,276$4,922$4,591$4,281$3,992$2,815
8 years$4,570$4,219$3,893$3,592$3,312$2,204
9 years$4,021$3,673$3,353$3,059$2,789$1,748
10 years$3,582$3,238$2,924$2,637$2,377$1,401
11 years$3,223$2,883$2,574$2,295$2,044$1,131
12 years$2,925$2,587$2,284$2,013$1,771$919
13 years$2,672$2,338$2,041$1,777$1,545$750
14 years$2,456$2,125$1,834$1,578$1,354$614
15 years$2,268$1,941$1,656$1,407$1,192$505
16 years$2,104$1,781$1,501$1,260$1,054$416
17 years$1,960$1,640$1,366$1,132$934$343
18 years$1,832$1,516$1,247$1,020$831$284
19 years$1,717$1,405$1,141$922$740$235
20 years$1,614$1,306$1,048$835$661$195
21 years$1,521$1,216$964$758$592$162
22 years$1,437$1,135$888$689$530$134
23 years$1,360$1,062$820$627$476$111
24 years$1,289$995$758$572$428$93
25 years$1,225$933$702$523$385$77
26 years$1,165$877$651$478$347$64
27 years$1,110$826$605$437$313$53
28 years$1,059$778$562$401$282$44
29 years$1,011$734$523$367$255$37
30 years$967$693$487$337$230$31
31 years$926$655$454$310$208$26
32 years$887$620$424$285$188$21
33 years$851$587$396$262$170$18
34 years$817$556$370$241$154$15
35 years$785$528$346$222$140$12
36 years$754$501$323$204$127$10
37 years$726$476$303$188$115$9
38 years$699$452$284$173$104$7
39 years$674$430$266$160$94$6
40 years$649$409$249$147$86$5
41 years$626$389$233$136$78$4
42 years$605$371$219$126$70$3
43 years$584$353$206$116$64$3
44 years$564$337$193$107$58$2
45 years$546$321$181$99$53$2
46 years$528$306$170$91$48$2
47 years$511$292$160$84$43$1
48 years$494$279$150$78$39$1
49 years$479$267$141$72$36$1
50 years$464$255$133$67$33$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $475,000, adding $5,402 every year, while hoping to spend $20,878 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: 45/39/16 Blend
53$475,000$475,000$475,000$475,000
54$529,022$503,847$496,485$550,178
55$560,768$506,322$490,903$567,965
56$595,053$508,218$484,434$584,722
57$632,113$509,485$477,027$602,445
58$672,208$510,069$468,628$621,230
59$715,625$509,915$459,179$641,189
60$762,679$508,960$448,621$662,443
61$813,715$507,142$436,892$685,126
62$869,114$504,392$423,928$709,388
63$929,294$500,638$409,660$735,397
64$994,715$495,802$394,017$763,338
65$1,065,885$489,805$376,926$793,417
66$1,143,360$482,560$358,307$825,861
67$1,227,752$473,976$338,080$860,924
68$1,319,738$463,955$316,161$898,887
69$1,420,059$452,397$292,460$940,062
70$1,529,533$439,192$266,885$984,794
71$1,649,058$424,226$239,339$1,033,467
72$1,779,626$407,377$209,721$1,086,506
73$1,922,326$388,516$177,925$1,144,381
74$2,078,359$367,509$143,841$1,207,613
75$2,249,046$344,211$107,353$1,276,781
76$2,435,841$318,471$68,343$1,352,523
77$2,640,348$290,126$26,683$1,435,547
78$2,864,330$259,009$0$1,526,638
79$3,109,730$224,939$0$1,629,698
80$3,378,688$187,727$0$1,747,710
81$3,673,560$147,171$0$1,877,202
82$3,996,942$103,061$0$2,019,372
83$4,351,692$55,174$0$2,175,548
84$4,740,960$3,272$0$2,347,193
85$5,168,212$0$0$2,535,927
86$5,637,270$0$0$2,766,234
87$6,152,342$0$0$3,020,736
88$6,718,063$0$0$3,300,325
89$7,339,541$0$0$3,607,534
90$8,022,401$0$0$3,945,152
91$8,772,840$0$0$4,316,251
92$9,597,688$0$0$4,724,215
93$10,504,465$0$0$5,172,775
94$11,501,459$0$0$5,666,038
95$12,597,802$0$0$6,208,532
96$13,803,552$0$0$6,805,244
97$15,129,793$0$0$7,461,669
98$16,588,737$0$0$8,183,861
99$18,193,837$0$0$8,978,492
100$19,959,919$0$0$9,852,911