Can I retire at age 54 with 487,000?

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 $487,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$40,216$39,858$39,508$39,167$38,834$38,206
2 years$19,909$19,538$19,179$18,830$18,492$17,862
3 years$13,141$12,768$12,410$12,065$11,732$11,118
4 years$9,757$9,386$9,031$8,692$8,368$7,775
5 years$7,728$7,359$7,009$6,676$6,361$5,791
6 years$6,375$6,009$5,664$5,339$5,033$4,487
7 years$5,410$5,046$4,707$4,390$4,093$3,572
8 years$4,686$4,326$3,992$3,682$3,396$2,898
9 years$4,123$3,766$3,438$3,136$2,860$2,385
10 years$3,673$3,320$2,997$2,704$2,437$1,985
11 years$3,305$2,955$2,639$2,353$2,096$1,667
12 years$2,998$2,653$2,342$2,064$1,816$1,410
13 years$2,739$2,397$2,092$1,822$1,584$1,199
14 years$2,518$2,179$1,880$1,617$1,388$1,024
15 years$2,326$1,991$1,697$1,443$1,222$879
16 years$2,158$1,826$1,539$1,292$1,080$756
17 years$2,010$1,682$1,400$1,161$958$652
18 years$1,878$1,554$1,278$1,046$852$564
19 years$1,761$1,440$1,170$945$759$489
20 years$1,655$1,338$1,074$856$678$425
21 years$1,560$1,247$988$777$607$369
22 years$1,473$1,164$910$706$544$321
23 years$1,394$1,088$841$643$488$280
24 years$1,322$1,020$777$587$439$244
25 years$1,256$957$720$536$395$213
26 years$1,194$899$668$490$356$186
27 years$1,138$847$620$448$321$163
28 years$1,085$798$577$411$289$143
29 years$1,037$753$537$377$261$125
30 years$991$711$500$346$236$109
31 years$949$672$466$318$213$96
32 years$909$636$435$292$193$84
33 years$872$602$406$268$175$73
34 years$837$571$379$247$158$64
35 years$804$541$355$227$143$56
36 years$773$514$332$209$130$49
37 years$744$488$310$193$118$43
38 years$717$464$291$178$107$38
39 years$691$441$272$164$97$33
40 years$666$419$255$151$88$29
41 years$642$399$239$139$80$26
42 years$620$380$225$129$72$23
43 years$599$362$211$119$66$20
44 years$579$345$198$110$60$17
45 years$559$329$186$101$54$15
46 years$541$314$174$94$49$13
47 years$524$300$164$86$45$12
48 years$507$286$154$80$40$10
49 years$491$273$145$74$37$9
50 years$475$261$136$68$33$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $487,000, adding $6,677 every year, while hoping to spend $26,092 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: 52/38/10 Blend
53$487,000$487,000$487,000$487,000
54$543,561$517,750$510,202$570,081
55$571,243$515,358$499,532$586,486
56$600,873$511,975$487,630$600,953
57$632,624$507,523$474,427$616,076
58$666,683$501,923$459,852$631,924
59$703,257$495,089$443,829$648,574
60$742,570$486,930$426,279$666,110
61$784,873$477,350$407,119$684,629
62$830,437$466,247$386,265$704,237
63$879,562$453,514$363,625$725,053
64$932,577$439,036$339,106$747,212
65$989,844$422,692$312,610$770,862
66$1,051,759$404,355$284,034$796,168
67$1,118,760$383,890$253,270$823,317
68$1,191,326$361,153$220,207$852,515
69$1,269,985$335,993$184,728$883,992
70$1,355,317$308,250$146,710$918,004
71$1,447,960$277,756$106,026$954,836
72$1,548,617$244,331$62,542$994,806
73$1,658,059$207,786$16,121$1,038,267
74$1,777,136$167,923$0$1,085,611
75$1,906,782$124,529$0$1,140,840
76$2,048,027$77,384$0$1,202,939
77$2,202,000$26,251$0$1,270,742
78$2,369,949$0$0$1,344,863
79$2,553,245$0$0$1,438,160
80$2,753,395$0$0$1,552,068
81$2,972,062$0$0$1,676,562
82$3,211,075$0$0$1,812,690
83$3,472,446$0$0$1,961,603
84$3,758,393$0$0$2,124,573
85$4,071,357$0$0$2,302,996
86$4,414,026$0$0$2,498,412
87$4,789,361$0$0$2,712,517
88$5,200,620$0$0$2,947,178
89$5,651,394$0$0$3,204,450
90$6,145,636$0$0$3,486,600
91$6,687,703$0$0$3,796,120
92$7,282,389$0$0$4,135,758
93$7,934,978$0$0$4,508,542
94$8,651,289$0$0$4,917,803
95$9,437,733$0$0$5,367,216
96$10,301,370$0$0$5,860,824
97$11,249,980$0$0$6,403,083
98$12,292,131$0$0$6,998,904
99$13,437,263$0$0$7,653,693
100$14,695,775$0$0$8,373,410