Can I retire at age 54 with 477,000?

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 $477,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$39,390$39,039$38,697$38,363$38,037$37,781
2 years$19,500$19,137$18,785$18,444$18,113$17,855
3 years$12,871$12,506$12,155$11,817$11,491$11,240
4 years$9,557$9,193$8,846$8,514$8,196$7,952
5 years$7,569$7,208$6,865$6,539$6,230$5,995
6 years$6,244$5,886$5,548$5,229$4,930$4,703
7 years$5,298$4,943$4,610$4,299$4,009$3,791
8 years$4,589$4,237$3,910$3,607$3,326$3,117
9 years$4,038$3,689$3,368$3,072$2,801$2,601
10 years$3,597$3,252$2,936$2,648$2,387$2,195
11 years$3,237$2,895$2,585$2,305$2,053$1,869
12 years$2,937$2,598$2,294$2,022$1,779$1,604
13 years$2,683$2,348$2,049$1,785$1,551$1,385
14 years$2,466$2,134$1,841$1,584$1,360$1,201
15 years$2,278$1,950$1,663$1,413$1,197$1,047
16 years$2,113$1,789$1,507$1,265$1,058$915
17 years$1,968$1,647$1,372$1,137$938$803
18 years$1,840$1,522$1,252$1,024$834$706
19 years$1,725$1,411$1,146$926$743$622
20 years$1,621$1,311$1,052$838$664$549
21 years$1,528$1,221$968$761$594$486
22 years$1,443$1,140$892$692$533$430
23 years$1,366$1,066$823$630$478$382
24 years$1,295$999$762$575$430$339
25 years$1,230$937$705$525$387$301
26 years$1,170$881$654$480$348$268
27 years$1,114$829$607$439$314$239
28 years$1,063$781$565$402$283$213
29 years$1,015$737$525$369$256$190
30 years$971$696$489$339$231$169
31 years$929$658$456$311$209$151
32 years$891$623$426$286$189$135
33 years$854$590$398$263$171$120
34 years$820$559$371$242$155$108
35 years$788$530$347$223$140$96
36 years$758$503$325$205$127$86
37 years$729$478$304$189$115$77
38 years$702$454$285$174$104$69
39 years$676$432$267$161$95$62
40 years$652$411$250$148$86$55
41 years$629$391$234$137$78$49
42 years$607$372$220$126$71$44
43 years$587$355$206$116$64$39
44 years$567$338$194$107$58$35
45 years$548$323$182$99$53$32
46 years$530$308$171$92$48$28
47 years$513$294$161$85$44$25
48 years$496$280$151$78$40$23
49 years$481$268$142$72$36$20
50 years$466$256$133$67$33$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $477,000, adding $3,109 every year, while hoping to spend $31,034 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: 26/48/26 Blend
53$477,000$477,000$477,000$477,000
54$528,861$503,580$496,186$538,234
55$549,785$495,235$479,789$537,749
56$571,803$485,442$461,802$534,354
57$594,994$474,096$442,139$530,065
58$619,443$461,087$420,711$524,828
59$645,245$446,299$397,424$518,584
60$672,502$429,609$372,179$511,275
61$701,324$410,886$344,873$502,840
62$731,833$389,993$315,400$493,216
63$764,161$366,785$283,648$482,336
64$798,454$341,106$249,499$470,134
65$834,870$312,793$212,830$456,539
66$873,582$281,675$173,515$441,482
67$914,779$247,569$131,420$424,887
68$958,669$210,283$86,406$406,681
69$1,005,480$169,614$38,327$386,787
70$1,055,460$125,345$0$365,128
71$1,108,881$77,252$0$345,227
72$1,166,043$25,093$0$334,984
73$1,227,273$0$0$323,720
74$1,292,931$0$0$327,982
75$1,363,411$0$0$346,838
76$1,439,146$0$0$367,157
77$1,520,611$0$0$389,075
78$1,608,328$0$0$412,740
79$1,702,869$0$0$438,313
80$1,804,863$0$0$465,974
81$1,915,003$0$0$495,920
82$2,034,047$0$0$528,366
83$2,162,830$0$0$563,551
84$2,302,271$0$0$601,735
85$2,453,378$0$0$643,206
86$2,617,261$0$0$688,280
87$2,795,139$0$0$737,305
88$2,988,355$0$0$790,663
89$3,198,384$0$0$848,775
90$3,426,851$0$0$912,105
91$3,675,541$0$0$981,163
92$3,946,422$0$0$1,056,509
93$4,241,655$0$0$1,138,761
94$4,563,622$0$0$1,228,600
95$4,914,943$0$0$1,326,773
96$5,298,503$0$0$1,434,104
97$5,717,476$0$0$1,551,502
98$6,175,358$0$0$1,679,964
99$6,675,996$0$0$1,820,591
100$7,223,629$0$0$1,974,594