Can I retire at age 54 with 480,000?

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 $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%14.5%
1 years$39,638$39,285$38,940$38,604$38,276$37,565
2 years$19,623$19,257$18,903$18,560$18,227$17,513
3 years$12,952$12,585$12,232$11,891$11,564$10,869
4 years$9,617$9,251$8,901$8,567$8,247$7,578
5 years$7,617$7,253$6,908$6,580$6,269$5,627
6 years$6,284$5,923$5,583$5,262$4,961$4,346
7 years$5,332$4,974$4,639$4,326$4,034$3,447
8 years$4,618$4,264$3,934$3,629$3,347$2,787
9 years$4,064$3,712$3,389$3,091$2,819$2,286
10 years$3,620$3,272$2,954$2,665$2,402$1,896
11 years$3,257$2,913$2,601$2,319$2,065$1,586
12 years$2,955$2,614$2,308$2,034$1,790$1,336
13 years$2,700$2,363$2,062$1,796$1,561$1,131
14 years$2,481$2,148$1,853$1,594$1,368$963
15 years$2,292$1,962$1,673$1,422$1,205$823
16 years$2,127$1,800$1,517$1,273$1,065$705
17 years$1,981$1,658$1,380$1,144$944$606
18 years$1,851$1,532$1,260$1,031$839$522
19 years$1,735$1,420$1,153$931$748$450
20 years$1,631$1,319$1,059$844$668$389
21 years$1,537$1,229$974$766$598$337
22 years$1,452$1,147$897$696$536$292
23 years$1,374$1,073$829$634$481$253
24 years$1,303$1,005$766$578$433$220
25 years$1,238$943$710$528$389$191
26 years$1,177$887$658$483$351$166
27 years$1,121$834$611$442$316$144
28 years$1,070$786$568$405$285$126
29 years$1,022$742$529$371$258$110
30 years$977$700$493$341$233$95
31 years$935$662$459$313$210$83
32 years$896$627$428$288$190$72
33 years$860$593$400$265$172$63
34 years$825$562$374$243$156$55
35 years$793$533$349$224$141$48
36 years$762$506$327$206$128$42
37 years$734$481$306$190$116$37
38 years$706$457$287$175$105$32
39 years$681$435$268$162$95$28
40 years$656$413$252$149$86$24
41 years$633$394$236$137$78$21
42 years$611$375$221$127$71$19
43 years$590$357$208$117$65$16
44 years$570$340$195$108$59$14
45 years$551$325$183$100$53$12
46 years$533$310$172$92$48$11
47 years$516$295$162$85$44$9
48 years$500$282$152$79$40$8
49 years$484$269$143$73$36$7
50 years$469$257$134$67$33$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $480,000, adding $6,931 every year, while hoping to spend $24,905 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: 58/15/27 Blend
53$480,000$480,000$480,000$480,000
54$536,109$510,669$503,229$562,897
55$564,294$509,193$493,589$580,531
56$594,518$506,810$482,791$596,524
57$626,965$503,450$470,770$613,445
58$661,833$499,036$457,458$631,389
59$699,341$493,490$442,784$650,465
60$739,730$486,728$426,674$670,791
61$783,264$478,659$409,049$692,503
62$830,233$469,190$389,828$715,746
63$880,956$458,219$368,927$740,686
64$935,783$445,641$346,255$767,504
65$995,099$431,343$321,720$796,404
66$1,059,326$415,207$295,226$827,609
67$1,128,931$397,106$266,669$861,370
68$1,204,425$376,906$235,945$897,962
69$1,286,370$354,468$202,943$937,692
70$1,375,384$329,642$167,546$980,901
71$1,472,149$302,270$129,635$1,027,963
72$1,577,413$272,185$89,082$1,079,297
73$1,691,999$239,213$45,757$1,135,365
74$1,816,815$203,166$0$1,196,679
75$1,952,857$163,848$0$1,263,943
76$2,101,223$121,051$0$1,351,723
77$2,263,121$74,557$0$1,447,560
78$2,439,882$24,132$0$1,552,268
79$2,632,969$0$0$1,666,744
80$2,843,994$0$0$1,797,005
81$3,074,730$0$0$1,943,829
82$3,327,133$0$0$2,104,480
83$3,603,352$0$0$2,280,332
84$3,905,756$0$0$2,472,899
85$4,236,953$0$0$2,683,846
86$4,599,817$0$0$2,915,010
87$4,997,509$0$0$3,168,411
88$5,433,513$0$0$3,446,276
89$5,911,668$0$0$3,751,055
90$6,436,198$0$0$4,085,449
91$7,011,759$0$0$4,452,432
92$7,643,477$0$0$4,855,282
93$8,337,002$0$0$5,297,606
94$9,098,553$0$0$5,783,380
95$9,934,984$0$0$6,316,984
96$10,853,846$0$0$6,903,242
97$11,863,454$0$0$7,547,469
98$12,972,972$0$0$8,255,521
99$14,192,493$0$0$9,033,847
100$15,533,138$0$0$9,889,554