Can I retire at age 54 with 410,000?

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 $410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$33,857$33,556$33,262$32,974$32,694$32,434
2 years$16,761$16,449$16,146$15,853$15,569$15,306
3 years$11,063$10,750$10,448$10,157$9,877$9,621
4 years$8,215$7,902$7,603$7,318$7,045$6,796
5 years$6,506$6,195$5,900$5,621$5,355$5,116
6 years$5,367$5,059$4,768$4,495$4,237$4,007
7 years$4,554$4,248$3,963$3,696$3,446$3,225
8 years$3,945$3,642$3,361$3,100$2,859$2,647
9 years$3,471$3,171$2,894$2,641$2,408$2,204
10 years$3,092$2,795$2,523$2,276$2,051$1,857
11 years$2,782$2,488$2,222$1,981$1,764$1,579
12 years$2,524$2,233$1,972$1,738$1,529$1,352
13 years$2,306$2,018$1,762$1,534$1,333$1,165
14 years$2,120$1,834$1,583$1,362$1,169$1,009
15 years$1,958$1,676$1,429$1,214$1,029$877
16 years$1,816$1,538$1,296$1,087$909$765
17 years$1,692$1,416$1,179$977$806$670
18 years$1,581$1,308$1,076$880$717$588
19 years$1,482$1,213$985$796$639$517
20 years$1,393$1,127$904$721$571$455
21 years$1,313$1,050$832$654$511$402
22 years$1,240$980$767$595$458$355
23 years$1,174$916$708$542$411$314
24 years$1,113$859$655$494$369$279
25 years$1,057$806$606$451$332$247
26 years$1,006$757$562$412$299$219
27 years$958$713$522$377$270$195
28 years$914$672$485$346$244$173
29 years$873$634$452$317$220$154
30 years$835$598$421$291$199$137
31 years$799$566$392$267$180$122
32 years$766$535$366$246$163$109
33 years$734$507$342$226$147$97
34 years$705$480$319$208$133$86
35 years$677$456$298$191$121$77
36 years$651$432$279$176$109$69
37 years$627$411$261$162$99$61
38 years$603$390$245$150$90$55
39 years$581$371$229$138$81$49
40 years$561$353$215$127$74$43
41 years$541$336$202$117$67$39
42 years$522$320$189$108$61$35
43 years$504$305$177$100$55$31
44 years$487$291$167$92$50$28
45 years$471$277$156$85$45$25
46 years$455$264$147$79$41$22
47 years$441$252$138$73$37$20
48 years$427$241$130$67$34$18
49 years$413$230$122$62$31$16
50 years$400$220$115$57$28$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $410,000, adding $2,612 every year, while hoping to spend $24,558 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: 46/39/15 Blend
53$410,000$410,000$410,000$410,000
54$454,514$432,784$426,429$473,375
55$474,745$427,861$414,585$481,828
56$496,217$421,874$401,521$488,296
57$519,029$414,744$387,170$494,779
58$543,293$406,389$371,463$501,288
59$569,128$396,721$354,327$507,836
60$596,666$385,648$335,684$514,442
61$626,053$373,071$315,456$521,126
62$657,445$358,887$293,559$527,912
63$691,017$342,985$269,905$534,830
64$726,958$325,248$244,404$541,915
65$765,477$305,555$216,961$549,207
66$806,803$283,774$187,476$556,754
67$851,186$259,768$155,846$564,611
68$898,902$233,392$121,962$572,840
69$950,253$204,491$85,711$581,515
70$1,005,572$172,904$46,975$590,720
71$1,065,222$138,458$5,631$600,549
72$1,129,605$100,973$0$611,113
73$1,199,160$60,256$0$628,695
74$1,274,371$16,106$0$648,638
75$1,355,771$0$0$670,222
76$1,443,942$0$0$707,252
77$1,539,529$0$0$754,928
78$1,643,237$0$0$806,696
79$1,755,843$0$0$862,951
80$1,878,202$0$0$924,123
81$2,011,255$0$0$990,689
82$2,156,036$0$0$1,063,172
83$2,313,683$0$0$1,142,149
84$2,485,449$0$0$1,228,253
85$2,672,711$0$0$1,322,182
86$2,876,987$0$0$1,424,705
87$3,099,947$0$0$1,536,666
88$3,343,427$0$0$1,658,997
89$3,609,453$0$0$1,792,721
90$3,900,250$0$0$1,938,967
91$4,218,272$0$0$2,098,977
92$4,566,218$0$0$2,274,118
93$4,947,062$0$0$2,465,897
94$5,364,076$0$0$2,675,971
95$5,820,868$0$0$2,906,167
96$6,321,406$0$0$3,158,497
97$6,870,064$0$0$3,435,175
98$7,471,657$0$0$3,738,642
99$8,131,489$0$0$4,071,584
100$8,855,402$0$0$4,436,961