Can I retire at age 54 with 427,000?

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 $427,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$35,261$34,947$34,641$34,342$34,050$33,026
2 years$17,456$17,131$16,816$16,510$16,214$15,191
3 years$11,522$11,195$10,881$10,578$10,287$9,297
4 years$8,555$8,230$7,919$7,621$7,337$6,388
5 years$6,776$6,452$6,145$5,854$5,577$4,671
6 years$5,590$5,269$4,966$4,681$4,413$3,551
7 years$4,743$4,425$4,127$3,849$3,589$2,771
8 years$4,108$3,793$3,500$3,229$2,977$2,203
9 years$3,615$3,302$3,015$2,750$2,507$1,775
10 years$3,220$2,911$2,628$2,371$2,136$1,446
11 years$2,898$2,591$2,314$2,063$1,837$1,188
12 years$2,629$2,326$2,053$1,810$1,592$981
13 years$2,402$2,102$1,835$1,598$1,388$815
14 years$2,207$1,911$1,648$1,418$1,217$680
15 years$2,039$1,745$1,488$1,265$1,072$569
16 years$1,892$1,601$1,349$1,132$947$478
17 years$1,762$1,475$1,228$1,018$840$402
18 years$1,647$1,363$1,121$917$747$339
19 years$1,544$1,263$1,026$829$666$286
20 years$1,451$1,174$942$750$594$242
21 years$1,368$1,093$866$681$532$205
22 years$1,292$1,020$798$619$477$174
23 years$1,222$954$737$564$428$147
24 years$1,159$894$682$514$385$125
25 years$1,101$839$631$470$346$106
26 years$1,047$789$586$430$312$90
27 years$998$742$544$393$281$77
28 years$952$699$505$360$254$65
29 years$909$660$470$330$229$55
30 years$869$623$438$303$207$47
31 years$832$589$408$278$187$40
32 years$797$557$381$256$169$34
33 years$765$528$356$235$153$29
34 years$734$500$332$216$139$25
35 years$705$474$311$199$126$21
36 years$678$450$291$184$114$18
37 years$653$428$272$169$103$15
38 years$628$407$255$156$94$13
39 years$605$387$239$144$85$11
40 years$584$368$224$133$77$9
41 years$563$350$210$122$70$8
42 years$544$333$197$113$63$7
43 years$525$318$185$104$57$6
44 years$507$303$173$96$52$5
45 years$490$289$163$89$47$4
46 years$474$275$153$82$43$4
47 years$459$263$144$76$39$3
48 years$444$251$135$70$35$3
49 years$430$240$127$65$32$2
50 years$417$229$119$60$29$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $427,000, adding $4,189 every year, while hoping to spend $20,747 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: 51/22/27 Blend
53$427,000$427,000$427,000$427,000
54$474,875$452,244$445,625$495,297
55$501,238$452,329$438,479$510,035
56$529,594$451,723$430,398$523,627
57$560,125$450,371$421,329$537,995
58$593,031$448,212$411,217$553,222
59$628,530$445,184$400,002$569,400
60$666,862$441,220$387,625$586,632
61$708,293$436,251$374,021$605,032
62$753,112$430,200$359,124$624,727
63$801,638$422,989$342,863$645,861
64$854,223$414,533$325,167$668,589
65$911,252$404,744$305,959$693,088
66$973,151$393,527$285,159$719,551
67$1,040,384$380,782$262,684$748,195
68$1,113,467$366,404$238,448$779,260
69$1,192,963$350,280$212,358$813,013
70$1,279,495$332,294$184,322$849,748
71$1,373,746$312,318$154,239$889,794
72$1,476,468$290,222$122,006$933,514
73$1,588,490$265,865$87,515$981,312
74$1,710,722$239,099$50,654$1,033,633
75$1,844,169$209,768$11,304$1,090,974
76$1,989,935$177,707$0$1,153,882
77$2,149,235$142,741$0$1,231,806
78$2,323,408$104,686$0$1,320,627
79$2,513,927$63,348$0$1,417,869
80$2,722,416$18,520$0$1,524,395
81$2,950,661$0$0$1,641,159
82$3,200,629$0$0$1,776,481
83$3,474,488$0$0$1,929,691
84$3,774,623$0$0$2,097,647
85$4,103,662$0$0$2,281,826
86$4,464,500$0$0$2,483,852
87$4,860,326$0$0$2,705,517
88$5,294,649$0$0$2,948,794
89$5,771,339$0$0$3,215,855
90$6,294,655$0$0$3,509,095
91$6,869,290$0$0$3,831,150
92$7,500,414$0$0$4,184,924
93$8,193,722$0$0$4,573,618
94$8,955,488$0$0$5,000,756
95$9,792,624$0$0$5,470,222
96$10,712,743$0$0$5,986,294
97$11,724,234$0$0$6,553,686
98$12,836,340$0$0$7,177,591
99$14,059,241$0$0$7,863,731
100$15,404,157$0$0$8,618,408