Can I retire at age 54 with 490,000?

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 $490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$40,464$40,103$39,752$39,408$39,073$37,807
2 years$20,032$19,658$19,297$18,946$18,606$17,343
3 years$13,222$12,847$12,486$12,139$11,805$10,583
4 years$9,817$9,444$9,087$8,746$8,419$7,249
5 years$7,775$7,404$7,052$6,717$6,400$5,285
6 years$6,415$6,046$5,699$5,372$5,064$4,004
7 years$5,443$5,077$4,736$4,417$4,119$3,114
8 years$4,714$4,352$4,016$3,705$3,417$2,467
9 years$4,148$3,789$3,459$3,156$2,877$1,981
10 years$3,695$3,340$3,016$2,720$2,452$1,607
11 years$3,325$2,974$2,655$2,368$2,109$1,315
12 years$3,017$2,669$2,356$2,077$1,827$1,082
13 years$2,756$2,412$2,105$1,833$1,593$896
14 years$2,533$2,192$1,892$1,627$1,397$744
15 years$2,340$2,003$1,708$1,451$1,230$620
16 years$2,171$1,838$1,548$1,300$1,087$518
17 years$2,022$1,692$1,409$1,168$964$434
18 years$1,890$1,564$1,286$1,052$857$364
19 years$1,772$1,449$1,177$951$764$306
20 years$1,665$1,347$1,081$861$682$258
21 years$1,569$1,254$994$782$610$217
22 years$1,482$1,171$916$711$547$183
23 years$1,403$1,095$846$647$491$155
24 years$1,330$1,026$782$590$442$131
25 years$1,263$963$725$539$397$110
26 years$1,202$905$672$493$358$93
27 years$1,145$852$624$451$323$79
28 years$1,092$803$580$413$291$67
29 years$1,043$757$540$379$263$56
30 years$997$715$503$348$238$48
31 years$955$676$469$319$215$40
32 years$915$640$437$294$194$34
33 years$878$606$408$270$176$29
34 years$842$574$382$248$159$25
35 years$809$544$357$229$144$21
36 years$778$517$334$211$131$18
37 years$749$491$312$194$118$15
38 years$721$466$292$179$107$13
39 years$695$444$274$165$97$11
40 years$670$422$257$152$88$9
41 years$646$402$241$140$80$8
42 years$624$383$226$130$73$7
43 years$603$365$212$120$66$6
44 years$582$347$199$110$60$5
45 years$563$331$187$102$54$4
46 years$544$316$175$94$49$3
47 years$527$302$165$87$45$3
48 years$510$288$155$80$41$2
49 years$494$275$146$74$37$2
50 years$478$263$137$69$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $490,000, adding $6,948 every year, while hoping to spend $37,593 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: 60/20/20 Blend
53$490,000$490,000$490,000$490,000
54$547,147$521,177$513,582$576,717
55$562,957$506,716$490,788$583,090
56$579,120$490,286$465,971$585,298
57$595,632$471,752$439,023$586,858
58$612,488$450,969$409,831$587,713
59$629,680$427,785$378,279$587,802
60$647,199$402,038$344,243$587,060
61$665,034$373,559$307,596$585,417
62$683,171$342,166$268,203$582,798
63$701,592$307,670$225,926$579,124
64$720,277$269,869$180,617$574,308
65$739,202$228,549$132,125$568,258
66$758,340$183,487$80,290$560,877
67$777,657$134,445$24,947$552,059
68$797,117$81,172$0$541,691
69$816,676$23,402$0$536,931
70$836,286$0$0$536,524
71$855,888$0$0$543,655
72$875,421$0$0$555,869
73$894,812$0$0$567,967
74$913,979$0$0$579,894
75$932,829$0$0$591,588
76$951,259$0$0$602,980
77$969,153$0$0$613,993
78$986,378$0$0$624,538
79$1,002,790$0$0$634,518
80$1,018,223$0$0$643,824
81$1,032,495$0$0$652,334
82$1,045,400$0$0$659,911
83$1,056,711$0$0$666,403
84$1,066,173$0$0$671,642
85$1,073,503$0$0$675,439
86$1,078,386$0$0$677,586
87$1,080,472$0$0$677,848
88$1,079,371$0$0$675,969
89$1,074,652$0$0$671,660
90$1,065,834$0$0$664,605
91$1,052,387$0$0$654,449
92$1,033,720$0$0$640,803
93$1,009,179$0$0$623,232
94$978,041$0$0$601,256
95$939,504$0$0$574,345
96$892,679$0$0$541,908
97$836,585$0$0$503,296
98$770,133$0$0$457,788
99$692,123$0$0$404,588
100$601,224$0$0$342,815