Can I retire at age 54 with 480,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$39,638$39,285$38,940$38,604$38,276$38,003
2 years$19,623$19,257$18,903$18,560$18,227$17,951
3 years$12,952$12,585$12,232$11,891$11,564$11,295
4 years$9,617$9,251$8,901$8,567$8,247$7,987
5 years$7,617$7,253$6,908$6,580$6,269$6,018
6 years$6,284$5,923$5,583$5,262$4,961$4,719
7 years$5,332$4,974$4,639$4,326$4,034$3,802
8 years$4,618$4,264$3,934$3,629$3,347$3,124
9 years$4,064$3,712$3,389$3,091$2,819$2,605
10 years$3,620$3,272$2,954$2,665$2,402$2,197
11 years$3,257$2,913$2,601$2,319$2,065$1,870
12 years$2,955$2,614$2,308$2,034$1,790$1,604
13 years$2,700$2,363$2,062$1,796$1,561$1,383
14 years$2,481$2,148$1,853$1,594$1,368$1,199
15 years$2,292$1,962$1,673$1,422$1,205$1,044
16 years$2,127$1,800$1,517$1,273$1,065$912
17 years$1,981$1,658$1,380$1,144$944$800
18 years$1,851$1,532$1,260$1,031$839$703
19 years$1,735$1,420$1,153$931$748$619
20 years$1,631$1,319$1,059$844$668$546
21 years$1,537$1,229$974$766$598$483
22 years$1,452$1,147$897$696$536$427
23 years$1,374$1,073$829$634$481$379
24 years$1,303$1,005$766$578$433$336
25 years$1,238$943$710$528$389$298
26 years$1,177$887$658$483$351$265
27 years$1,121$834$611$442$316$236
28 years$1,070$786$568$405$285$210
29 years$1,022$742$529$371$258$187
30 years$977$700$493$341$233$167
31 years$935$662$459$313$210$149
32 years$896$627$428$288$190$133
33 years$860$593$400$265$172$118
34 years$825$562$374$243$156$106
35 years$793$533$349$224$141$94
36 years$762$506$327$206$128$84
37 years$734$481$306$190$116$75
38 years$706$457$287$175$105$67
39 years$681$435$268$162$95$60
40 years$656$413$252$149$86$54
41 years$633$394$236$137$78$48
42 years$611$375$221$127$71$43
43 years$590$357$208$117$65$38
44 years$570$340$195$108$59$34
45 years$551$325$183$100$53$31
46 years$533$310$172$92$48$28
47 years$516$295$162$85$44$25
48 years$500$282$152$79$40$22
49 years$484$269$143$73$36$20
50 years$469$257$134$67$33$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $480,000, adding $3,686 every year, while hoping to spend $28,700 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: 50/44/6 Blend
53$480,000$480,000$480,000$480,000
54$532,762$507,322$499,882$558,426
55$556,567$501,644$486,092$570,627
56$581,839$494,726$470,877$580,487
57$608,696$486,477$454,161$590,515
58$637,268$476,801$435,861$600,734
59$667,700$465,594$415,893$611,170
60$700,146$452,749$394,166$621,853
61$734,779$438,152$370,589$632,820
62$771,786$421,681$345,063$644,112
63$811,373$403,207$317,487$655,776
64$853,764$382,596$287,754$667,869
65$899,208$359,703$255,753$680,452
66$947,975$334,376$221,369$693,599
67$1,000,364$306,456$184,480$707,392
68$1,056,700$275,772$144,960$721,924
69$1,117,344$242,145$102,676$737,303
70$1,182,688$205,385$57,491$753,650
71$1,253,165$165,292$9,260$771,101
72$1,329,252$121,655$0$789,812
73$1,411,469$74,250$0$812,661
74$1,500,392$22,841$0$837,950
75$1,596,651$0$0$865,319
76$1,700,939$0$0$910,920
77$1,814,020$0$0$972,399
78$1,936,732$0$0$1,039,159
79$2,069,998$0$0$1,111,707
80$2,214,832$0$0$1,190,601
81$2,372,351$0$0$1,276,456
82$2,543,781$0$0$1,369,947
83$2,730,476$0$0$1,471,818
84$2,933,921$0$0$1,582,887
85$3,155,753$0$0$1,704,055
86$3,397,773$0$0$1,836,313
87$3,661,964$0$0$1,980,752
88$3,950,506$0$0$2,138,574
89$4,265,803$0$0$2,311,101
90$4,610,500$0$0$2,499,789
91$4,987,507$0$0$2,706,241
92$5,400,031$0$0$2,932,223
93$5,851,602$0$0$3,179,678
94$6,346,108$0$0$3,450,747
95$6,887,829$0$0$3,747,788
96$7,481,480$0$0$4,073,396
97$8,132,253$0$0$4,430,431
98$8,845,865$0$0$4,822,043
99$9,628,616$0$0$5,251,700
100$10,487,443$0$0$5,723,223