Can I retire at age 54 with 464,000?

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 $464,000?

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$38,317$37,975$37,642$37,317$37,000$36,194
2 years$18,969$18,615$18,273$17,941$17,619$16,811
3 years$12,520$12,165$11,824$11,495$11,178$10,393
4 years$9,297$8,943$8,605$8,282$7,972$7,217
5 years$7,363$7,011$6,678$6,361$6,061$5,336
6 years$6,074$5,725$5,397$5,087$4,795$4,103
7 years$5,154$4,808$4,485$4,182$3,900$3,240
8 years$4,464$4,121$3,803$3,508$3,235$2,608
9 years$3,928$3,588$3,276$2,988$2,725$2,129
10 years$3,499$3,163$2,856$2,576$2,322$1,757
11 years$3,149$2,816$2,514$2,242$1,997$1,462
12 years$2,857$2,527$2,231$1,966$1,730$1,225
13 years$2,610$2,284$1,994$1,736$1,509$1,032
14 years$2,399$2,076$1,791$1,541$1,323$874
15 years$2,216$1,897$1,617$1,374$1,165$742
16 years$2,056$1,740$1,466$1,231$1,029$632
17 years$1,915$1,603$1,334$1,106$913$540
18 years$1,789$1,481$1,218$996$811$463
19 years$1,678$1,372$1,115$900$723$397
20 years$1,577$1,275$1,023$815$646$341
21 years$1,486$1,188$941$740$578$293
22 years$1,404$1,109$867$673$518$253
23 years$1,328$1,037$801$613$465$218
24 years$1,260$972$741$559$418$188
25 years$1,196$912$686$510$376$162
26 years$1,138$857$636$467$339$140
27 years$1,084$807$591$427$306$121
28 years$1,034$760$549$391$276$105
29 years$988$717$511$359$249$91
30 years$945$677$476$329$225$78
31 years$904$640$444$303$203$68
32 years$866$606$414$278$184$59
33 years$831$574$387$256$166$51
34 years$798$544$361$235$151$44
35 years$766$516$338$217$137$38
36 years$737$489$316$199$124$33
37 years$709$465$296$184$112$29
38 years$683$442$277$169$102$25
39 years$658$420$259$156$92$22
40 years$634$400$243$144$84$19
41 years$612$380$228$133$76$16
42 years$591$362$214$123$69$14
43 years$571$345$201$113$62$12
44 years$551$329$188$105$57$11
45 years$533$314$177$97$51$9
46 years$515$299$166$89$47$8
47 years$499$286$156$82$42$7
48 years$483$273$147$76$39$6
49 years$468$260$138$70$35$5
50 years$453$249$130$65$32$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $464,000, adding $4,274 every year, while hoping to spend $30,887 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: 90/5/5 Blend
53$464,000$464,000$464,000$464,000
54$515,737$491,145$483,953$561,853
55$535,478$482,347$467,302$583,687
56$556,198$472,083$449,057$602,855
57$577,964$460,249$429,134$622,894
58$600,848$446,733$407,442$643,867
59$624,931$431,419$383,887$665,840
60$650,298$414,183$358,372$688,889
61$677,043$394,893$330,792$713,094
62$705,270$373,410$301,042$738,545
63$735,089$349,590$269,009$765,339
64$766,623$323,275$234,576$793,582
65$800,006$294,302$197,621$823,393
66$835,381$262,498$158,016$854,899
67$872,909$227,679$115,629$888,242
68$912,763$189,653$70,320$923,578
69$955,133$148,213$21,943$961,075
70$1,000,226$103,146$0$1,000,922
71$1,048,271$54,221$0$1,044,907
72$1,099,515$1,199$0$1,093,026
73$1,154,233$0$0$1,144,363
74$1,212,723$0$0$1,202,293
75$1,275,312$0$0$1,264,354
76$1,342,361$0$0$1,330,837
77$1,414,264$0$0$1,402,134
78$1,491,452$0$0$1,478,672
79$1,574,401$0$0$1,560,923
80$1,663,631$0$0$1,649,404
81$1,759,715$0$0$1,744,682
82$1,863,282$0$0$1,847,380
83$1,975,020$0$0$1,958,183
84$2,095,689$0$0$2,077,842
85$2,226,121$0$0$2,207,183
86$2,367,232$0$0$2,347,116
87$2,520,030$0$0$2,498,638
88$2,685,619$0$0$2,662,847
89$2,865,219$0$0$2,840,950
90$3,060,166$0$0$3,034,274
91$3,271,932$0$0$3,244,279
92$3,502,137$0$0$3,472,570
93$3,752,561$0$0$3,720,914
94$4,025,165$0$0$3,991,255
95$4,322,104$0$0$4,285,731
96$4,645,752$0$0$4,606,695
97$4,998,720$0$0$4,956,739
98$5,383,882$0$0$5,338,711
99$5,804,402$0$0$5,755,752
100$6,263,764$0$0$6,211,313