Can I retire at age 54 with 407,000?

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 $407,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$33,610$33,310$33,018$32,733$32,455$31,904
2 years$16,638$16,329$16,028$15,737$15,455$14,901
3 years$10,982$10,671$10,371$10,083$9,805$9,267
4 years$8,155$7,844$7,548$7,264$6,993$6,474
5 years$6,458$6,150$5,857$5,580$5,316$4,817
6 years$5,328$5,022$4,734$4,462$4,206$3,728
7 years$4,521$4,217$3,934$3,668$3,421$2,964
8 years$3,916$3,615$3,336$3,077$2,838$2,402
9 years$3,446$3,148$2,873$2,621$2,390$1,975
10 years$3,069$2,774$2,505$2,260$2,036$1,642
11 years$2,762$2,470$2,205$1,966$1,751$1,377
12 years$2,506$2,217$1,957$1,725$1,518$1,163
13 years$2,289$2,003$1,749$1,523$1,323$988
14 years$2,104$1,821$1,571$1,352$1,160$843
15 years$1,943$1,664$1,419$1,206$1,021$722
16 years$1,803$1,526$1,286$1,079$903$620
17 years$1,679$1,406$1,170$970$800$535
18 years$1,570$1,299$1,068$874$712$462
19 years$1,471$1,204$978$790$634$400
20 years$1,383$1,119$898$715$567$346
21 years$1,304$1,042$826$649$507$301
22 years$1,231$973$761$590$455$261
23 years$1,165$910$703$538$408$227
24 years$1,105$852$650$490$367$198
25 years$1,049$800$602$448$330$173
26 years$998$752$558$409$297$151
27 years$951$707$518$375$268$131
28 years$907$667$482$343$242$115
29 years$866$629$448$315$218$100
30 years$828$594$418$289$197$88
31 years$793$561$389$265$178$77
32 years$760$531$363$244$161$67
33 years$729$503$339$224$146$59
34 years$700$477$317$206$132$51
35 years$672$452$296$190$120$45
36 years$646$429$277$175$108$39
37 years$622$408$259$161$98$34
38 years$599$387$243$149$89$30
39 years$577$368$228$137$81$26
40 years$556$351$213$126$73$23
41 years$537$334$200$117$67$20
42 years$518$318$188$108$60$18
43 years$500$303$176$99$55$16
44 years$484$289$165$92$50$14
45 years$467$275$155$85$45$12
46 years$452$263$146$78$41$10
47 years$438$251$137$72$37$9
48 years$424$239$129$67$34$8
49 years$410$228$121$62$31$7
50 years$397$218$114$57$28$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $407,000, adding $3,415 every year, while hoping to spend $20,378 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: 61/16/23 Blend
53$407,000$407,000$407,000$407,000
54$452,037$430,466$424,157$476,668
55$476,462$429,876$416,684$493,172
56$502,696$428,575$408,278$508,644
57$530,902$426,506$398,886$525,079
58$561,258$423,609$388,452$542,575
59$593,960$419,820$376,920$561,239
60$629,225$415,072$364,228$581,191
61$667,290$409,294$350,313$602,563
62$708,414$402,410$335,109$625,503
63$752,884$394,340$318,547$650,171
64$801,016$385,000$300,556$676,750
65$853,153$374,299$281,058$705,437
66$909,677$362,142$259,976$736,455
67$971,007$348,429$237,228$770,047
68$1,037,600$333,053$212,726$806,485
69$1,109,964$315,902$186,381$846,068
70$1,188,655$296,856$158,100$889,128
71$1,274,285$275,789$127,783$936,033
72$1,367,528$252,568$95,329$987,187
73$1,469,124$227,051$60,631$1,043,042
74$1,579,889$199,091$23,576$1,104,092
75$1,700,721$168,530$0$1,170,888
76$1,832,608$135,202$0$1,247,956
77$1,976,637$98,930$0$1,338,478
78$2,134,006$59,530$0$1,437,436
79$2,306,033$16,805$0$1,545,682
80$2,494,169$0$0$1,664,157
81$2,700,012$0$0$1,799,084
82$2,925,321$0$0$1,950,040
83$3,172,034$0$0$2,115,368
84$3,442,284$0$0$2,296,502
85$3,738,420$0$0$2,495,021
86$4,063,031$0$0$2,712,663
87$4,418,965$0$0$2,951,344
88$4,809,363$0$0$3,213,172
89$5,237,680$0$0$3,500,473
90$5,707,725$0$0$3,815,804
91$6,223,692$0$0$4,161,985
92$6,790,203$0$0$4,542,121
93$7,412,345$0$0$4,959,632
94$8,095,727$0$0$5,418,287
95$8,846,524$0$0$5,922,238
96$9,671,541$0$0$6,476,057
97$10,578,274$0$0$7,084,783
98$11,574,982$0$0$7,753,966
99$12,670,761$0$0$8,489,721
100$13,875,637$0$0$9,298,786