Can I retire at age 54 with 416,000?

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 $416,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$34,353$34,047$33,748$33,457$33,172$32,450
2 years$17,006$16,690$16,383$16,085$15,796$15,072
3 years$11,225$10,907$10,601$10,306$10,022$9,318
4 years$8,335$8,018$7,715$7,425$7,148$6,470
5 years$6,601$6,286$5,987$5,703$5,434$4,784
6 years$5,446$5,133$4,838$4,561$4,299$3,679
7 years$4,621$4,311$4,021$3,750$3,497$2,905
8 years$4,002$3,695$3,410$3,145$2,901$2,338
9 years$3,522$3,217$2,937$2,679$2,443$1,909
10 years$3,137$2,836$2,560$2,310$2,081$1,575
11 years$2,823$2,525$2,254$2,010$1,790$1,311
12 years$2,561$2,266$2,001$1,763$1,551$1,098
13 years$2,340$2,048$1,787$1,556$1,353$925
14 years$2,151$1,861$1,606$1,382$1,186$783
15 years$1,986$1,700$1,450$1,232$1,044$665
16 years$1,843$1,560$1,315$1,103$923$567
17 years$1,717$1,437$1,196$991$818$484
18 years$1,604$1,328$1,092$893$727$415
19 years$1,504$1,230$1,000$807$648$356
20 years$1,414$1,143$917$731$579$306
21 years$1,332$1,065$844$664$518$263
22 years$1,258$994$778$603$465$226
23 years$1,191$930$718$549$417$195
24 years$1,129$871$664$501$375$168
25 years$1,073$818$615$458$337$145
26 years$1,020$768$570$418$304$126
27 years$972$723$530$383$274$109
28 years$927$681$492$351$247$94
29 years$886$643$458$322$223$81
30 years$847$607$427$295$202$70
31 years$811$574$398$271$182$61
32 years$777$543$371$249$165$53
33 years$745$514$347$229$149$46
34 years$715$487$324$211$135$40
35 years$687$462$303$194$122$34
36 years$661$439$283$179$111$30
37 years$636$417$265$165$101$26
38 years$612$396$248$152$91$22
39 years$590$377$233$140$83$19
40 years$569$358$218$129$75$17
41 years$549$341$204$119$68$15
42 years$530$325$192$110$62$13
43 years$512$309$180$102$56$11
44 years$494$295$169$94$51$9
45 years$478$281$159$87$46$8
46 years$462$268$149$80$42$7
47 years$447$256$140$74$38$6
48 years$433$244$132$68$35$5
49 years$419$233$124$63$31$5
50 years$406$223$116$58$29$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $416,000, adding $2,307 every year, while hoping to spend $28,944 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: 30/43/27 Blend
53$416,000$416,000$416,000$416,000
54$460,812$438,764$432,316$470,749
55$477,018$429,467$416,002$469,375
56$493,908$418,745$398,172$465,206
57$511,520$406,496$378,744$460,143
58$529,895$392,615$357,633$454,128
59$549,081$376,990$334,749$447,102
60$569,125$359,500$310,002$439,000
61$590,081$340,021$283,292$429,758
62$612,007$318,419$254,519$419,304
63$634,963$294,553$223,577$407,567
64$659,017$268,274$190,355$394,471
65$684,243$239,425$154,738$379,937
66$710,718$207,840$116,604$363,882
67$738,530$173,343$75,829$346,220
68$767,771$135,748$32,280$326,863
69$798,543$94,859$0$305,716
70$830,956$50,468$0$286,772
71$865,131$2,358$0$276,032
72$901,198$0$0$264,125
73$939,300$0$0$274,505
74$979,593$0$0$286,692
75$1,022,248$0$0$299,623
76$1,067,449$0$0$313,359
77$1,115,401$0$0$327,966
78$1,166,324$0$0$343,516
79$1,220,461$0$0$360,089
80$1,278,079$0$0$377,770
81$1,339,467$0$0$396,655
82$1,404,944$0$0$416,848
83$1,474,859$0$0$438,461
84$1,549,593$0$0$461,621
85$1,629,565$0$0$486,463
86$1,715,235$0$0$513,139
87$1,807,106$0$0$541,813
88$1,905,730$0$0$572,667
89$2,011,715$0$0$605,898
90$2,125,726$0$0$641,726
91$2,248,493$0$0$680,390
92$2,380,820$0$0$722,154
93$2,523,588$0$0$767,308
94$2,677,766$0$0$816,169
95$2,844,419$0$0$869,087
96$3,024,716$0$0$926,448
97$3,219,943$0$0$988,675
98$3,431,515$0$0$1,056,231
99$3,660,987$0$0$1,129,630
100$3,910,067$0$0$1,209,435