Can I retire at age 54 with 478,000?

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 $478,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$39,473$39,121$38,778$38,443$38,116$37,045
2 years$19,541$19,177$18,824$18,482$18,151$17,079
3 years$12,898$12,532$12,181$11,842$11,516$10,478
4 years$9,577$9,213$8,864$8,531$8,213$7,217
5 years$7,585$7,223$6,879$6,553$6,243$5,292
6 years$6,257$5,898$5,559$5,240$4,940$4,034
7 years$5,310$4,953$4,620$4,308$4,018$3,157
8 years$4,599$4,246$3,918$3,614$3,333$2,517
9 years$4,047$3,697$3,375$3,079$2,807$2,035
10 years$3,605$3,258$2,942$2,654$2,392$1,662
11 years$3,244$2,901$2,590$2,310$2,057$1,370
12 years$2,943$2,604$2,299$2,026$1,782$1,136
13 years$2,689$2,353$2,054$1,788$1,554$947
14 years$2,471$2,139$1,845$1,588$1,363$792
15 years$2,283$1,954$1,666$1,416$1,200$666
16 years$2,118$1,793$1,510$1,268$1,060$561
17 years$1,972$1,651$1,374$1,139$940$474
18 years$1,843$1,525$1,255$1,027$836$401
19 years$1,728$1,414$1,149$928$745$340
20 years$1,625$1,314$1,054$840$665$288
21 years$1,531$1,224$970$762$596$245
22 years$1,446$1,142$894$693$534$208
23 years$1,368$1,068$825$631$479$177
24 years$1,298$1,001$763$576$431$151
25 years$1,232$939$707$526$388$129
26 years$1,172$883$656$481$349$110
27 years$1,117$831$609$440$315$94
28 years$1,065$783$566$403$284$80
29 years$1,018$739$527$370$256$68
30 years$973$698$491$339$232$58
31 years$931$659$457$312$209$50
32 years$893$624$427$286$190$43
33 years$856$591$398$263$172$36
34 years$822$560$372$242$155$31
35 years$790$531$348$223$141$27
36 years$759$504$326$205$127$23
37 years$731$479$305$189$115$19
38 years$703$455$285$174$105$17
39 years$678$433$267$161$95$14
40 years$654$412$251$148$86$12
41 years$630$392$235$137$78$10
42 years$609$373$220$126$71$9
43 years$588$356$207$117$64$8
44 years$568$339$194$108$58$7
45 years$549$323$182$99$53$6
46 years$531$308$171$92$48$5
47 years$514$294$161$85$44$4
48 years$497$281$151$78$40$3
49 years$482$268$142$72$36$3
50 years$467$256$134$67$33$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $478,000, adding $2,718 every year, while hoping to spend $34,685 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: 63/26/11 Blend
53$478,000$478,000$478,000$478,000
54$529,560$504,226$496,817$561,429
55$546,670$492,028$476,555$570,882
56$564,363$478,070$454,453$576,940
57$582,662$462,230$430,411$582,687
58$601,591$444,376$404,327$588,093
59$621,174$424,371$376,093$593,126
60$641,439$402,071$345,597$597,752
61$662,413$377,320$312,722$601,936
62$684,127$349,956$277,345$605,638
63$706,611$319,806$239,339$608,821
64$729,898$286,690$198,570$611,442
65$754,024$250,414$154,899$613,457
66$779,026$210,776$108,179$614,820
67$804,942$167,560$58,259$615,483
68$831,816$120,539$4,980$615,395
69$859,690$69,475$0$614,502
70$888,614$14,115$0$618,839
71$918,636$0$0$623,278
72$949,812$0$0$640,300
73$982,197$0$0$662,182
74$1,015,855$0$0$684,928
75$1,050,850$0$0$708,582
76$1,087,253$0$0$733,195
77$1,125,139$0$0$758,816
78$1,164,590$0$0$785,502
79$1,205,692$0$0$813,312
80$1,248,540$0$0$842,311
81$1,293,234$0$0$872,569
82$1,339,883$0$0$904,159
83$1,388,604$0$0$937,164
84$1,439,525$0$0$971,669
85$1,492,782$0$0$1,007,769
86$1,548,524$0$0$1,045,568
87$1,606,911$0$0$1,085,174
88$1,668,117$0$0$1,126,708
89$1,732,331$0$0$1,170,300
90$1,799,759$0$0$1,216,092
91$1,870,621$0$0$1,264,237
92$1,945,162$0$0$1,314,902
93$2,023,643$0$0$1,368,268
94$2,106,351$0$0$1,424,535
95$2,193,600$0$0$1,483,916
96$2,285,728$0$0$1,546,648
97$2,383,107$0$0$1,612,987
98$2,486,142$0$0$1,683,213
99$2,595,276$0$0$1,757,631
100$2,710,991$0$0$1,836,576