Can I retire at age 54 with 484,000?

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 $484,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$39,968$39,612$39,265$38,926$38,595$38,050
2 years$19,786$19,418$19,061$18,714$18,378$17,830
3 years$13,060$12,690$12,333$11,990$11,660$11,126
4 years$9,697$9,328$8,976$8,638$8,316$7,800
5 years$7,680$7,313$6,965$6,635$6,322$5,825
6 years$6,336$5,972$5,629$5,306$5,002$4,526
7 years$5,376$5,015$4,678$4,363$4,068$3,612
8 years$4,657$4,299$3,967$3,660$3,375$2,939
9 years$4,097$3,743$3,417$3,117$2,842$2,427
10 years$3,650$3,299$2,979$2,687$2,422$2,026
11 years$3,285$2,937$2,623$2,339$2,083$1,706
12 years$2,980$2,636$2,328$2,051$1,805$1,448
13 years$2,723$2,382$2,079$1,811$1,574$1,235
14 years$2,502$2,166$1,868$1,608$1,380$1,059
15 years$2,311$1,978$1,687$1,434$1,215$911
16 years$2,144$1,815$1,529$1,284$1,074$787
17 years$1,997$1,672$1,392$1,153$952$682
18 years$1,867$1,545$1,270$1,039$846$592
19 years$1,750$1,432$1,163$939$754$515
20 years$1,645$1,330$1,067$851$674$449
21 years$1,550$1,239$982$772$603$391
22 years$1,464$1,157$905$702$541$342
23 years$1,386$1,082$835$639$485$299
24 years$1,314$1,014$773$583$436$262
25 years$1,248$951$716$532$392$230
26 years$1,187$894$664$487$353$202
27 years$1,131$841$616$446$319$177
28 years$1,079$793$573$408$288$155
29 years$1,030$748$533$374$260$137
30 years$985$706$497$344$235$120
31 years$943$668$463$316$212$106
32 years$904$632$432$290$192$93
33 years$867$598$403$267$174$82
34 years$832$567$377$245$157$72
35 years$799$538$352$226$142$63
36 years$769$510$330$208$129$56
37 years$740$485$309$192$117$49
38 years$712$461$289$177$106$43
39 years$686$438$271$163$96$38
40 years$662$417$254$150$87$34
41 years$638$397$238$139$79$30
42 years$616$378$223$128$72$26
43 years$595$360$209$118$65$23
44 years$575$343$197$109$59$20
45 years$556$327$185$101$54$18
46 years$538$312$173$93$49$16
47 years$520$298$163$86$44$14
48 years$504$284$153$79$40$12
49 years$488$272$144$73$37$11
50 years$473$259$135$68$33$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $484,000, adding $3,069 every year, while hoping to spend $25,517 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: 61/23/16 Blend
53$484,000$484,000$484,000$484,000
54$536,534$510,882$503,380$566,918
55$564,110$508,765$493,093$585,635
56$593,644$505,689$481,607$602,914
57$625,309$501,581$468,853$621,169
58$659,293$496,361$454,762$640,496
59$695,805$489,947$439,261$661,003
60$735,073$482,250$422,272$682,810
61$777,348$473,178$403,716$706,050
62$822,905$462,631$383,507$730,869
63$872,046$450,504$361,560$757,431
64$925,103$436,688$337,780$785,918
65$982,441$421,063$312,074$816,530
66$1,044,462$403,507$284,340$849,492
67$1,111,606$383,888$254,474$885,050
68$1,184,358$362,066$222,367$923,479
69$1,263,250$337,896$187,905$965,083
70$1,348,870$311,220$150,967$1,010,198
71$1,441,860$281,876$111,431$1,059,198
72$1,542,932$249,690$69,165$1,112,496
73$1,652,863$214,477$24,035$1,170,550
74$1,772,513$176,044$0$1,233,866
75$1,902,825$134,186$0$1,307,125
76$2,044,839$88,687$0$1,391,475
77$2,199,699$39,318$0$1,483,521
78$2,368,661$0$0$1,584,052
79$2,553,113$0$0$1,697,520
80$2,754,578$0$0$1,832,359
81$2,974,736$0$0$1,979,745
82$3,215,435$0$0$2,140,920
83$3,478,709$0$0$2,317,250
84$3,766,799$0$0$2,510,242
85$4,082,172$0$0$2,721,553
86$4,427,544$0$0$2,953,008
87$4,805,908$0$0$3,206,619
88$5,220,557$0$0$3,484,598
89$5,675,121$0$0$3,789,385
90$6,173,595$0$0$4,123,665
91$6,720,382$0$0$4,490,395
92$7,320,328$0$0$4,892,835
93$7,978,776$0$0$5,334,574
94$8,701,605$0$0$5,819,563
95$9,495,296$0$0$6,352,159
96$10,366,987$0$0$6,937,158
97$11,324,541$0$0$7,579,844
98$12,376,618$0$0$8,286,041
99$13,532,763$0$0$9,062,160
100$14,803,486$0$0$9,915,269