Can I retire at age 54 with 483,000?

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 $483,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$39,886$39,530$39,184$38,845$38,515$38,208
2 years$19,745$19,378$19,021$18,676$18,341$18,031
3 years$13,033$12,664$12,308$11,966$11,636$11,334
4 years$9,677$9,309$8,957$8,621$8,299$8,006
5 years$7,664$7,298$6,951$6,621$6,309$6,026
6 years$6,323$5,960$5,617$5,295$4,992$4,720
7 years$5,365$5,005$4,668$4,354$4,060$3,799
8 years$4,647$4,290$3,959$3,652$3,368$3,118
9 years$4,089$3,735$3,410$3,111$2,836$2,597
10 years$3,643$3,293$2,973$2,681$2,417$2,188
11 years$3,278$2,931$2,617$2,334$2,078$1,860
12 years$2,974$2,631$2,323$2,047$1,801$1,593
13 years$2,717$2,378$2,075$1,807$1,571$1,372
14 years$2,497$2,161$1,865$1,604$1,377$1,188
15 years$2,306$1,974$1,683$1,431$1,212$1,033
16 years$2,140$1,811$1,526$1,281$1,071$902
17 years$1,993$1,668$1,389$1,151$950$789
18 years$1,863$1,541$1,268$1,037$845$692
19 years$1,746$1,429$1,161$937$753$609
20 years$1,642$1,328$1,065$849$672$536
21 years$1,547$1,237$980$770$602$473
22 years$1,461$1,154$903$700$539$418
23 years$1,383$1,080$834$638$484$370
24 years$1,311$1,011$771$582$435$328
25 years$1,245$949$714$531$392$291
26 years$1,185$892$662$486$353$258
27 years$1,128$840$615$445$318$229
28 years$1,077$791$572$407$287$204
29 years$1,028$746$532$374$259$181
30 years$983$705$496$343$234$161
31 years$941$666$462$315$212$144
32 years$902$630$431$289$191$128
33 years$865$597$403$266$173$114
34 years$830$566$376$245$157$102
35 years$798$537$352$225$142$91
36 years$767$509$329$208$129$81
37 years$738$484$308$191$117$72
38 years$711$460$288$176$106$64
39 years$685$437$270$163$96$57
40 years$660$416$253$150$87$51
41 years$637$396$237$138$79$46
42 years$615$377$223$128$72$41
43 years$594$359$209$118$65$36
44 years$574$343$196$109$59$33
45 years$555$327$184$101$54$29
46 years$537$312$173$93$49$26
47 years$519$297$163$86$44$23
48 years$503$284$153$79$40$21
49 years$487$271$144$73$36$18
50 years$472$259$135$68$33$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $483,000, adding $5,951 every year, while hoping to spend $37,817 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: 55/20/25 Blend
53$483,000$483,000$483,000$483,000
54$538,404$512,805$505,319$564,019
55$553,085$497,696$482,010$567,169
56$567,995$480,579$456,653$566,158
57$583,119$461,315$429,139$564,271
58$598,436$439,759$399,355$561,437
59$613,925$415,756$367,182$557,580
60$629,559$389,141$332,496$552,616
61$645,308$359,743$295,168$546,459
62$661,136$327,377$255,063$539,014
63$677,004$291,851$212,040$530,179
64$692,866$252,959$165,951$519,846
65$708,671$210,486$116,642$507,898
66$724,359$164,204$63,954$494,212
67$739,865$113,871$7,717$478,652
68$755,113$59,233$0$461,076
69$770,020$21$0$455,278
70$784,490$0$0$450,246
71$798,419$0$0$457,889
72$811,686$0$0$465,110
73$824,159$0$0$471,824
74$835,690$0$0$477,940
75$846,111$0$0$483,357
76$855,239$0$0$487,961
77$862,867$0$0$491,627
78$868,765$0$0$494,214
79$872,679$0$0$495,567
80$874,323$0$0$495,513
81$873,383$0$0$493,859
82$869,508$0$0$490,392
83$862,310$0$0$484,876
84$851,358$0$0$477,048
85$836,172$0$0$466,617
86$816,224$0$0$453,260
87$790,926$0$0$436,621
88$759,628$0$0$416,305
89$721,611$0$0$391,873
90$676,077$0$0$362,842
91$622,147$0$0$328,677
92$558,844$0$0$288,784
93$485,092$0$0$242,510
94$399,698$0$0$189,131
95$301,346$0$0$127,846
96$188,579$0$0$57,772
97$59,790$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0