Can I retire at age 54 with 405,000?

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 $405,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$33,445$33,147$32,856$32,572$32,295$31,617
2 years$16,557$16,248$15,949$15,660$15,379$14,699
3 years$10,928$10,618$10,320$10,033$9,757$9,096
4 years$8,114$7,806$7,511$7,228$6,959$6,323
5 years$6,427$6,120$5,829$5,552$5,290$4,680
6 years$5,302$4,997$4,710$4,440$4,186$3,603
7 years$4,499$4,197$3,914$3,650$3,404$2,848
8 years$3,897$3,597$3,320$3,062$2,824$2,295
9 years$3,429$3,132$2,859$2,608$2,378$1,876
10 years$3,054$2,761$2,493$2,248$2,026$1,550
11 years$2,748$2,458$2,195$1,957$1,743$1,291
12 years$2,494$2,206$1,948$1,716$1,510$1,083
13 years$2,278$1,994$1,740$1,515$1,317$914
14 years$2,094$1,812$1,563$1,345$1,154$775
15 years$1,934$1,655$1,412$1,200$1,016$659
16 years$1,794$1,519$1,280$1,074$898$562
17 years$1,671$1,399$1,165$965$797$481
18 years$1,562$1,292$1,063$870$708$413
19 years$1,464$1,198$973$786$631$354
20 years$1,376$1,113$893$712$564$305
21 years$1,297$1,037$822$646$505$263
22 years$1,225$968$757$587$452$227
23 years$1,159$905$699$535$406$196
24 years$1,099$848$647$488$365$169
25 years$1,044$796$599$446$328$146
26 years$993$748$555$407$296$127
27 years$946$704$516$373$267$110
28 years$903$663$479$342$241$95
29 years$862$626$446$313$217$82
30 years$824$591$416$288$196$71
31 years$789$559$387$264$178$62
32 years$756$529$361$243$161$54
33 years$725$501$338$223$145$47
34 years$696$474$315$205$132$40
35 years$669$450$295$189$119$35
36 years$643$427$276$174$108$30
37 years$619$406$258$160$98$26
38 years$596$386$242$148$89$23
39 years$574$367$227$136$80$20
40 years$554$349$212$126$73$17
41 years$534$332$199$116$66$15
42 years$516$316$187$107$60$13
43 years$498$301$175$99$55$11
44 years$481$287$164$91$49$10
45 years$465$274$154$84$45$9
46 years$450$261$145$78$41$7
47 years$435$249$136$72$37$6
48 years$421$238$128$66$34$6
49 years$408$227$120$61$31$5
50 years$395$217$113$57$28$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $405,000, adding $2,800 every year, while hoping to spend $22,141 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: 45/43/12 Blend
53$405,000$405,000$405,000$405,000
54$449,198$427,733$421,456$467,759
55$471,459$425,134$412,017$478,332
56$495,247$421,666$401,519$487,316
57$520,697$417,262$389,905$496,564
58$547,953$411,853$377,112$506,110
59$577,175$405,365$363,076$515,991
60$608,538$397,718$347,729$526,251
61$642,233$388,830$331,002$536,938
62$678,471$378,613$312,821$548,108
63$717,483$366,973$293,108$559,825
64$759,523$353,812$271,785$572,159
65$804,871$339,025$248,766$585,192
66$853,832$322,501$223,963$599,014
67$906,743$304,124$197,287$613,729
68$963,974$283,770$168,640$629,453
69$1,025,933$261,308$137,922$646,315
70$1,093,066$236,600$105,030$664,463
71$1,165,864$209,499$69,855$684,061
72$1,244,870$179,852$32,282$705,294
73$1,330,676$147,495$0$728,367
74$1,423,939$112,255$0$754,514
75$1,525,376$73,951$0$787,468
76$1,635,779$32,390$0$823,397
77$1,756,021$0$0$862,642
78$1,887,059$0$0$911,558
79$2,029,949$0$0$981,653
80$2,185,851$0$0$1,058,178
81$2,356,044$0$0$1,141,764
82$2,541,935$0$0$1,233,110
83$2,745,072$0$0$1,332,981
84$2,967,161$0$0$1,442,223
85$3,210,078$0$0$1,561,767
86$3,475,892$0$0$1,692,635
87$3,766,878$0$0$1,835,957
88$4,085,542$0$0$1,992,973
89$4,434,645$0$0$2,165,052
90$4,817,227$0$0$2,353,701
91$5,236,634$0$0$2,560,577
92$5,696,555$0$0$2,787,509
93$6,201,050$0$0$3,036,510
94$6,754,592$0$0$3,309,796
95$7,362,108$0$0$3,609,809
96$8,029,024$0$0$3,939,239
97$8,761,320$0$0$4,301,051
98$9,565,580$0$0$4,698,507
99$10,449,058$0$0$5,135,204
100$11,419,746$0$0$5,615,104