Can I retire at age 54 with 450,000?

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 $450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$37,161$36,830$36,507$36,191$35,884$34,707
2 years$18,396$18,054$17,722$17,400$17,087$15,913
3 years$12,142$11,798$11,467$11,148$10,841$9,706
4 years$9,016$8,673$8,345$8,032$7,732$6,645
5 years$7,141$6,800$6,476$6,169$5,878$4,842
6 years$5,891$5,552$5,234$4,933$4,651$3,667
7 years$4,999$4,663$4,349$4,056$3,782$2,850
8 years$4,330$3,997$3,688$3,403$3,138$2,256
9 years$3,810$3,480$3,177$2,898$2,642$1,811
10 years$3,394$3,068$2,770$2,498$2,252$1,468
11 years$3,054$2,731$2,438$2,174$1,936$1,200
12 years$2,771$2,451$2,164$1,907$1,678$987
13 years$2,531$2,215$1,933$1,684$1,463$816
14 years$2,326$2,013$1,737$1,495$1,283$678
15 years$2,149$1,839$1,568$1,333$1,129$565
16 years$1,994$1,688$1,422$1,193$998$472
17 years$1,857$1,554$1,294$1,072$885$395
18 years$1,735$1,436$1,181$966$787$331
19 years$1,627$1,331$1,081$873$701$278
20 years$1,529$1,237$992$791$627$234
21 years$1,441$1,152$913$718$561$197
22 years$1,361$1,075$841$653$503$166
23 years$1,288$1,006$777$594$451$140
24 years$1,222$942$718$542$405$118
25 years$1,160$884$665$495$365$100
26 years$1,104$831$617$453$329$84
27 years$1,051$782$573$414$296$71
28 years$1,003$737$533$380$267$60
29 years$958$695$496$348$241$51
30 years$916$657$462$319$218$43
31 years$877$621$430$293$197$36
32 years$840$587$402$270$178$31
33 years$806$556$375$248$161$26
34 years$774$527$350$228$146$22
35 years$743$500$328$210$132$19
36 years$715$475$306$193$120$16
37 years$688$451$287$178$109$13
38 years$662$428$269$164$99$11
39 years$638$407$252$151$89$10
40 years$615$388$236$140$81$8
41 years$594$369$221$129$74$7
42 years$573$351$207$119$67$6
43 years$553$335$195$110$61$5
44 years$535$319$183$101$55$4
45 years$517$304$172$94$50$4
46 years$500$290$161$86$45$3
47 years$484$277$151$80$41$3
48 years$468$264$142$74$37$2
49 years$454$253$134$68$34$2
50 years$439$241$126$63$31$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $450,000, adding $2,176 every year, while hoping to spend $24,042 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: 45/46/9 Blend
53$450,000$450,000$450,000$450,000
54$498,145$474,295$467,320$519,203
55$523,375$471,954$457,394$531,651
56$550,373$468,694$446,331$542,494
57$579,293$464,443$434,065$553,703
58$610,306$459,125$420,532$565,319
59$643,598$452,663$405,660$577,390
60$679,374$444,972$389,379$589,971
61$717,858$435,964$371,610$603,123
62$759,297$425,543$352,276$616,915
63$803,961$413,611$331,294$631,426
64$852,148$400,061$308,575$646,744
65$904,185$384,782$284,030$662,970
66$960,431$367,655$257,565$680,215
67$1,021,281$348,556$229,079$698,605
68$1,087,168$327,352$198,470$718,284
69$1,158,570$303,903$165,629$739,408
70$1,236,011$278,061$130,445$762,158
71$1,320,068$249,670$92,799$786,732
72$1,411,376$218,564$52,568$813,354
73$1,510,631$184,569$9,624$842,274
74$1,618,602$147,500$0$873,770
75$1,736,134$107,162$0$911,633
76$1,864,156$63,349$0$953,945
77$2,003,690$15,843$0$1,000,184
78$2,155,863$0$0$1,050,796
79$2,321,913$0$0$1,124,292
80$2,503,203$0$0$1,213,339
81$2,701,236$0$0$1,310,661
82$2,917,664$0$0$1,417,078
83$3,154,305$0$0$1,533,490
84$3,413,163$0$0$1,660,890
85$3,696,445$0$0$1,800,370
86$4,006,578$0$0$1,953,135
87$4,346,237$0$0$2,120,510
88$4,718,367$0$0$2,303,953
89$5,126,212$0$0$2,505,073
90$5,573,344$0$0$2,725,640
91$6,063,699$0$0$2,967,604
92$6,601,608$0$0$3,233,113
93$7,191,845$0$0$3,524,532
94$7,839,668$0$0$3,844,467
95$8,550,868$0$0$4,195,790
96$9,331,825$0$0$4,581,662
97$10,189,565$0$0$5,005,567
98$11,131,831$0$0$5,471,342
99$12,167,149$0$0$5,983,215
100$13,304,917$0$0$6,545,844