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%17.7%
1 years$39,473$39,121$38,778$38,443$38,116$36,926
2 years$19,541$19,177$18,824$18,482$18,151$16,962
3 years$12,898$12,532$12,181$11,842$11,516$10,366
4 years$9,577$9,213$8,864$8,531$8,213$7,111
5 years$7,585$7,223$6,879$6,553$6,243$5,192
6 years$6,257$5,898$5,559$5,240$4,940$3,941
7 years$5,310$4,953$4,620$4,308$4,018$3,070
8 years$4,599$4,246$3,918$3,614$3,333$2,436
9 years$4,047$3,697$3,375$3,079$2,807$1,960
10 years$3,605$3,258$2,942$2,654$2,392$1,593
11 years$3,244$2,901$2,590$2,310$2,057$1,306
12 years$2,943$2,604$2,299$2,026$1,782$1,077
13 years$2,689$2,353$2,054$1,788$1,554$893
14 years$2,471$2,139$1,845$1,588$1,363$743
15 years$2,283$1,954$1,666$1,416$1,200$621
16 years$2,118$1,793$1,510$1,268$1,060$520
17 years$1,972$1,651$1,374$1,139$940$437
18 years$1,843$1,525$1,255$1,027$836$367
19 years$1,728$1,414$1,149$928$745$309
20 years$1,625$1,314$1,054$840$665$261
21 years$1,531$1,224$970$762$596$220
22 years$1,446$1,142$894$693$534$186
23 years$1,368$1,068$825$631$479$158
24 years$1,298$1,001$763$576$431$133
25 years$1,232$939$707$526$388$113
26 years$1,172$883$656$481$349$96
27 years$1,117$831$609$440$315$81
28 years$1,065$783$566$403$284$69
29 years$1,018$739$527$370$256$58
30 years$973$698$491$339$232$50
31 years$931$659$457$312$209$42
32 years$893$624$427$286$190$36
33 years$856$591$398$263$172$30
34 years$822$560$372$242$155$26
35 years$790$531$348$223$141$22
36 years$759$504$326$205$127$19
37 years$731$479$305$189$115$16
38 years$703$455$285$174$105$13
39 years$678$433$267$161$95$11
40 years$654$412$251$148$86$10
41 years$630$392$235$137$78$8
42 years$609$373$220$126$71$7
43 years$588$356$207$117$64$6
44 years$568$339$194$108$58$5
45 years$549$323$182$99$53$4
46 years$531$308$171$92$48$4
47 years$514$294$161$85$44$3
48 years$497$281$151$78$40$3
49 years$482$268$142$72$36$2
50 years$467$256$134$67$33$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $478,000, adding $5,589 every year, while hoping to spend $35,777 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: 52/30/18 Blend
53$478,000$478,000$478,000$478,000
54$532,521$507,187$499,778$557,316
55$548,772$493,973$478,454$561,736
56$565,481$478,912$455,217$562,337
57$582,658$461,876$429,964$562,213
58$600,310$442,730$402,590$561,305
59$618,448$421,329$372,982$559,553
60$637,078$397,523$341,025$556,892
61$656,208$371,149$306,598$553,253
62$675,845$342,040$269,573$548,564
63$695,995$310,013$229,817$542,746
64$716,663$274,881$187,193$535,718
65$737,855$236,442$141,556$527,392
66$759,573$194,485$92,755$517,675
67$781,820$148,785$40,633$506,470
68$804,596$99,106$0$493,671
69$827,900$45,198$0$482,047
70$851,731$0$0$477,117
71$876,083$0$0$475,335
72$900,950$0$0$488,744
73$926,321$0$0$502,415
74$952,185$0$0$516,341
75$978,525$0$0$530,513
76$1,005,322$0$0$544,916
77$1,032,553$0$0$559,539
78$1,060,189$0$0$574,362
79$1,088,196$0$0$589,367
80$1,116,536$0$0$604,529
81$1,145,164$0$0$619,822
82$1,174,025$0$0$635,214
83$1,203,060$0$0$650,670
84$1,232,200$0$0$666,148
85$1,261,364$0$0$681,601
86$1,290,462$0$0$696,978
87$1,319,392$0$0$712,217
88$1,348,038$0$0$727,251
89$1,376,269$0$0$742,004
90$1,403,938$0$0$756,389
91$1,430,878$0$0$770,312
92$1,456,904$0$0$783,662
93$1,481,808$0$0$796,320
94$1,505,354$0$0$808,149
95$1,527,284$0$0$818,999
96$1,547,304$0$0$828,702
97$1,565,089$0$0$837,068
98$1,580,278$0$0$843,888
99$1,592,465$0$0$848,929
100$1,601,202$0$0$851,932