Can I retire at age 54 with 482,000?

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 $482,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$39,803$39,449$39,103$38,765$38,435$37,768
2 years$19,705$19,338$18,982$18,637$18,303$17,632
3 years$13,006$12,637$12,283$11,941$11,612$10,959
4 years$9,657$9,290$8,939$8,603$8,282$7,652
5 years$7,649$7,283$6,937$6,608$6,296$5,691
6 years$6,310$5,947$5,606$5,284$4,982$4,402
7 years$5,354$4,995$4,658$4,344$4,051$3,498
8 years$4,637$4,281$3,951$3,644$3,361$2,833
9 years$4,080$3,728$3,403$3,104$2,830$2,328
10 years$3,635$3,286$2,967$2,676$2,412$1,934
11 years$3,271$2,925$2,612$2,329$2,074$1,621
12 years$2,968$2,625$2,318$2,043$1,797$1,368
13 years$2,711$2,373$2,071$1,803$1,567$1,161
14 years$2,492$2,157$1,861$1,601$1,374$990
15 years$2,302$1,970$1,680$1,428$1,210$847
16 years$2,135$1,808$1,523$1,278$1,069$728
17 years$1,989$1,665$1,386$1,149$948$627
18 years$1,859$1,538$1,265$1,035$843$541
19 years$1,743$1,426$1,158$935$751$468
20 years$1,638$1,325$1,063$847$671$405
21 years$1,544$1,234$978$769$601$352
22 years$1,458$1,152$901$699$538$305
23 years$1,380$1,077$832$637$483$266
24 years$1,308$1,009$770$581$434$231
25 years$1,243$947$713$530$391$201
26 years$1,182$890$661$485$352$175
27 years$1,126$838$614$444$317$153
28 years$1,074$789$571$407$286$133
29 years$1,026$745$531$373$259$117
30 years$981$703$495$342$234$102
31 years$939$665$461$314$211$89
32 years$900$629$430$289$191$78
33 years$863$596$402$266$173$68
34 years$829$565$375$244$157$59
35 years$796$536$351$225$142$52
36 years$766$508$328$207$128$45
37 years$737$483$307$191$116$40
38 years$709$459$288$176$106$35
39 years$683$436$270$162$96$30
40 years$659$415$253$150$87$27
41 years$636$395$237$138$79$23
42 years$614$376$222$127$71$20
43 years$593$359$209$118$65$18
44 years$573$342$196$109$59$16
45 years$554$326$184$100$53$14
46 years$535$311$173$93$49$12
47 years$518$297$162$86$44$10
48 years$502$283$152$79$40$9
49 years$486$271$143$73$36$8
50 years$471$258$135$68$33$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $482,000, adding $3,291 every year, while hoping to spend $24,013 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: 71/21/8 Blend
53$482,000$482,000$482,000$482,000
54$534,559$509,013$501,542$571,557
55$563,534$508,405$492,794$595,843
56$594,660$506,962$482,948$619,133
57$628,131$504,619$471,942$643,966
58$664,159$501,304$459,711$670,487
59$702,979$496,944$446,187$698,857
60$744,848$491,458$431,299$729,255
61$790,047$484,765$414,972$761,875
62$838,887$476,774$397,129$796,936
63$891,709$467,391$377,689$834,676
64$948,887$456,517$356,565$875,360
65$1,010,834$444,047$333,670$919,279
66$1,078,002$429,868$308,911$966,755
67$1,150,888$413,862$282,190$1,018,145
68$1,230,042$395,904$253,406$1,073,840
69$1,316,065$375,861$222,454$1,134,274
70$1,409,619$353,595$189,222$1,199,927
71$1,511,435$328,955$153,595$1,271,325
72$1,622,314$301,787$115,453$1,349,053
73$1,743,139$271,923$74,670$1,433,755
74$1,874,882$239,190$31,114$1,526,141
75$2,018,611$203,402$0$1,626,997
76$2,175,505$164,364$0$1,738,499
77$2,346,858$121,869$0$1,863,212
78$2,534,097$75,700$0$1,999,545
79$2,738,791$25,626$0$2,148,676
80$2,962,671$0$0$2,311,904
81$3,207,638$0$0$2,497,269
82$3,475,790$0$0$2,706,684
83$3,769,434$0$0$2,936,032
84$4,091,111$0$0$3,187,302
85$4,443,621$0$0$3,462,683
86$4,830,047$0$0$3,764,586
87$5,253,783$0$0$4,095,667
88$5,718,569$0$0$4,458,853
89$6,228,523$0$0$4,857,364
90$6,788,183$0$0$5,294,750
91$7,402,544$0$0$5,774,920
92$8,077,113$0$0$6,302,182
93$8,817,952$0$0$6,881,277
94$9,631,742$0$0$7,517,434
95$10,525,840$0$0$8,216,407
96$11,508,354$0$0$8,984,540
97$12,588,213$0$0$9,828,819
98$13,775,258$0$0$10,756,942
99$15,080,327$0$0$11,777,390
100$16,515,363$0$0$12,899,506