Can I retire at age 54 with 479,000?

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 $479,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$39,555$39,203$38,859$38,524$38,196$37,273
2 years$19,582$19,217$18,864$18,521$18,189$17,264
3 years$12,925$12,559$12,206$11,867$11,540$10,642
4 years$9,597$9,232$8,883$8,549$8,230$7,367
5 years$7,601$7,238$6,893$6,567$6,256$5,431
6 years$6,271$5,910$5,571$5,251$4,951$4,162
7 years$5,321$4,963$4,630$4,317$4,026$3,276
8 years$4,609$4,255$3,926$3,622$3,340$2,627
9 years$4,055$3,704$3,382$3,085$2,813$2,137
10 years$3,612$3,265$2,948$2,659$2,397$1,757
11 years$3,251$2,907$2,596$2,314$2,061$1,456
12 years$2,949$2,609$2,303$2,030$1,786$1,216
13 years$2,694$2,358$2,058$1,792$1,558$1,020
14 years$2,476$2,143$1,849$1,591$1,365$860
15 years$2,287$1,958$1,670$1,419$1,202$727
16 years$2,122$1,796$1,514$1,270$1,062$617
17 years$1,977$1,654$1,377$1,141$942$525
18 years$1,847$1,529$1,257$1,029$838$448
19 years$1,732$1,417$1,151$929$747$382
20 years$1,628$1,317$1,056$842$667$327
21 years$1,534$1,226$972$764$597$280
22 years$1,449$1,145$896$695$535$240
23 years$1,371$1,071$827$633$480$206
24 years$1,300$1,003$765$577$432$177
25 years$1,235$941$708$527$388$152
26 years$1,175$885$657$482$350$131
27 years$1,119$833$610$441$315$112
28 years$1,068$785$567$404$285$97
29 years$1,020$740$528$371$257$83
30 years$975$699$492$340$232$72
31 years$933$661$458$312$210$62
32 years$894$625$428$287$190$53
33 years$858$592$399$264$172$46
34 years$823$561$373$243$156$40
35 years$791$532$349$224$141$34
36 years$761$505$326$206$128$29
37 years$732$480$305$190$116$25
38 years$705$456$286$175$105$22
39 years$679$434$268$161$95$19
40 years$655$413$251$149$86$16
41 years$632$393$235$137$78$14
42 years$610$374$221$127$71$12
43 years$589$356$207$117$64$10
44 years$569$340$195$108$59$9
45 years$550$324$183$100$53$8
46 years$532$309$172$92$48$7
47 years$515$295$161$85$44$6
48 years$498$282$151$79$40$5
49 years$483$269$142$73$36$4
50 years$468$257$134$67$33$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $479,000, adding $4,542 every year, while hoping to spend $30,942 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: 72/16/12 Blend
53$479,000$479,000$479,000$479,000
54$532,543$507,156$499,732$569,239
55$553,940$499,085$483,551$586,063
56$576,483$489,581$465,790$600,240
57$600,256$478,541$446,366$614,932
58$625,350$465,858$425,187$630,181
59$651,865$451,414$402,160$646,036
60$679,911$435,089$377,188$662,552
61$709,606$416,753$350,168$679,788
62$741,082$396,270$320,994$697,812
63$774,479$373,494$289,555$716,699
64$809,954$348,273$255,733$736,532
65$847,676$320,445$219,407$757,404
66$887,831$289,840$180,450$779,417
67$930,624$256,276$138,729$802,688
68$976,278$219,563$94,106$827,343
69$1,025,035$179,499$46,436$853,525
70$1,077,166$135,871$0$881,393
71$1,132,962$88,454$0$911,690
72$1,192,746$37,010$0$950,424
73$1,256,871$0$0$991,883
74$1,325,724$0$0$1,039,624
75$1,399,731$0$0$1,097,958
76$1,479,358$0$0$1,160,739
77$1,565,118$0$0$1,228,373
78$1,657,575$0$0$1,301,308
79$1,757,345$0$0$1,380,032
80$1,865,108$0$0$1,465,086
81$1,981,612$0$0$1,557,059
82$2,107,677$0$0$1,656,604
83$2,244,204$0$0$1,764,435
84$2,392,185$0$0$1,881,339
85$2,552,712$0$0$2,008,181
86$2,726,983$0$0$2,145,911
87$2,916,317$0$0$2,295,576
88$3,122,165$0$0$2,458,326
89$3,346,124$0$0$2,635,428
90$3,589,950$0$0$2,828,274
91$3,855,575$0$0$3,038,398
92$4,145,127$0$0$3,267,486
93$4,460,946$0$0$3,517,395
94$4,805,609$0$0$3,790,168
95$5,181,952$0$0$4,088,055
96$5,593,095$0$0$4,413,532
97$6,042,477$0$0$4,769,325
98$6,533,880$0$0$5,158,437
99$7,071,472$0$0$5,584,170
100$7,659,838$0$0$6,050,165