Can I retire at age 54 with 489,000?

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 $489,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$40,381$40,021$39,671$39,328$38,994$37,565
2 years$19,991$19,618$19,258$18,908$18,568$17,145
3 years$13,195$12,821$12,461$12,114$11,781$10,407
4 years$9,797$9,425$9,068$8,728$8,402$7,089
5 years$7,760$7,389$7,037$6,704$6,387$5,138
6 years$6,401$6,034$5,687$5,361$5,054$3,870
7 years$5,432$5,067$4,726$4,408$4,110$2,991
8 years$4,705$4,343$4,008$3,697$3,410$2,354
9 years$4,140$3,782$3,452$3,149$2,872$1,877
10 years$3,688$3,333$3,010$2,715$2,447$1,513
11 years$3,318$2,968$2,650$2,363$2,104$1,229
12 years$3,011$2,664$2,352$2,072$1,823$1,004
13 years$2,751$2,407$2,101$1,830$1,590$825
14 years$2,528$2,188$1,888$1,624$1,394$680
15 years$2,335$1,999$1,704$1,448$1,227$562
16 years$2,166$1,834$1,545$1,297$1,085$466
17 years$2,018$1,689$1,406$1,165$962$387
18 years$1,886$1,561$1,284$1,050$855$322
19 years$1,768$1,446$1,175$949$762$269
20 years$1,662$1,344$1,078$859$681$224
21 years$1,566$1,252$992$780$609$187
22 years$1,479$1,169$914$709$546$157
23 years$1,400$1,093$844$646$490$131
24 years$1,327$1,024$781$589$441$110
25 years$1,261$961$723$538$396$92
26 years$1,199$903$671$492$357$77
27 years$1,143$850$623$450$322$65
28 years$1,090$801$579$413$291$54
29 years$1,041$756$539$378$262$45
30 years$995$714$502$347$237$38
31 years$953$675$468$319$214$32
32 years$913$638$436$293$194$27
33 years$876$604$408$269$175$22
34 years$841$573$381$248$159$19
35 years$808$543$356$228$144$16
36 years$777$516$333$210$130$13
37 years$747$490$312$194$118$11
38 years$720$466$292$179$107$9
39 years$693$443$273$165$97$8
40 years$669$421$256$152$88$7
41 years$645$401$240$140$80$6
42 years$623$382$225$129$73$5
43 years$601$364$212$119$66$4
44 years$581$347$199$110$60$3
45 years$562$331$186$102$54$3
46 years$543$315$175$94$49$2
47 years$526$301$165$87$45$2
48 years$509$287$155$80$41$2
49 years$493$274$145$74$37$1
50 years$477$262$137$69$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $489,000, adding $5,160 every year, while hoping to spend $23,968 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: 65/28/7 Blend
53$489,000$489,000$489,000$489,000
54$544,201$518,284$510,704$578,550
55$574,207$518,178$502,311$601,944
56$606,471$517,263$492,833$624,167
57$641,198$515,476$482,209$647,816
58$678,611$512,745$470,375$673,028
59$718,960$509,000$457,263$699,953
60$762,514$504,161$442,801$728,759
61$809,573$498,148$426,918$759,629
62$860,465$490,872$409,534$792,767
63$915,549$482,242$390,571$828,399
64$975,222$472,159$369,942$866,774
65$1,039,920$460,520$347,561$908,167
66$1,110,122$447,215$323,334$952,883
67$1,186,354$432,129$297,166$1,001,257
68$1,269,197$415,138$268,955$1,053,661
69$1,359,288$396,112$238,598$1,110,508
70$1,457,327$374,914$205,983$1,172,250
71$1,564,088$351,398$170,996$1,239,389
72$1,680,418$325,410$133,518$1,312,481
73$1,807,254$296,788$93,424$1,392,138
74$1,945,622$265,359$50,582$1,479,036
75$2,096,657$230,942$4,858$1,573,925
76$2,261,603$193,345$0$1,677,629
77$2,441,832$152,366$0$1,794,343
78$2,638,856$107,789$0$1,922,394
79$2,854,337$59,388$0$2,062,543
80$3,090,106$6,924$0$2,216,032
81$3,348,179$0$0$2,384,230
82$3,630,777$0$0$2,584,011
83$3,940,343$0$0$2,805,227
84$4,279,571$0$0$3,047,673
85$4,651,426$0$0$3,313,472
86$5,059,173$0$0$3,604,963
87$5,506,409$0$0$3,924,722
88$5,997,096$0$0$4,275,587
89$6,535,597$0$0$4,660,681
90$7,126,720$0$0$5,083,448
91$7,775,759$0$0$5,547,680
92$8,488,547$0$0$6,057,554
93$9,271,508$0$0$6,617,671
94$10,131,720$0$0$7,233,100
95$11,076,982$0$0$7,909,427
96$12,115,883$0$0$8,652,804
97$13,257,887$0$0$9,470,009
98$14,513,420$0$0$10,368,509
99$15,893,969$0$0$11,356,531
100$17,412,190$0$0$12,443,140