Can I retire at age 54 with 467,000?

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 $467,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$38,564$38,221$37,886$37,559$37,239$36,637
2 years$19,091$18,736$18,391$18,057$17,733$17,128
3 years$12,601$12,244$11,900$11,569$11,251$10,662
4 years$9,357$9,001$8,660$8,335$8,024$7,456
5 years$7,410$7,057$6,721$6,402$6,100$5,554
6 years$6,113$5,762$5,431$5,120$4,826$4,303
7 years$5,187$4,839$4,514$4,209$3,925$3,425
8 years$4,493$4,148$3,828$3,531$3,256$2,779
9 years$3,953$3,612$3,297$3,008$2,742$2,287
10 years$3,522$3,183$2,874$2,593$2,337$1,904
11 years$3,169$2,834$2,531$2,256$2,010$1,599
12 years$2,875$2,544$2,246$1,979$1,741$1,352
13 years$2,627$2,299$2,006$1,747$1,519$1,150
14 years$2,414$2,089$1,803$1,551$1,331$982
15 years$2,230$1,909$1,628$1,383$1,172$843
16 years$2,069$1,751$1,476$1,239$1,036$725
17 years$1,927$1,613$1,343$1,113$918$626
18 years$1,801$1,490$1,226$1,003$817$541
19 years$1,688$1,381$1,122$906$728$469
20 years$1,587$1,284$1,030$821$650$407
21 years$1,496$1,196$947$745$582$354
22 years$1,413$1,116$873$677$522$308
23 years$1,337$1,044$806$617$468$269
24 years$1,268$978$746$563$421$234
25 years$1,204$918$691$514$379$205
26 years$1,145$863$640$470$341$179
27 years$1,091$812$595$430$308$156
28 years$1,041$765$553$394$277$137
29 years$994$722$514$361$251$120
30 years$951$681$479$332$226$105
31 years$910$644$447$304$205$92
32 years$872$610$417$280$185$80
33 years$836$577$389$257$168$70
34 years$803$547$364$237$152$62
35 years$771$519$340$218$137$54
36 years$742$493$318$201$124$47
37 years$714$468$298$185$113$42
38 years$687$445$279$170$102$36
39 years$662$423$261$157$93$32
40 years$638$402$245$145$84$28
41 years$616$383$230$134$76$25
42 years$595$365$215$123$69$22
43 years$574$347$202$114$63$19
44 years$555$331$190$105$57$17
45 years$536$316$178$97$52$15
46 years$519$301$167$90$47$13
47 years$502$287$157$83$43$11
48 years$486$274$148$77$39$10
49 years$471$262$139$71$35$9
50 years$456$250$130$65$32$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $467,000, adding $2,546 every year, while hoping to spend $32,628 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: 69/7/24 Blend
53$467,000$467,000$467,000$467,000
54$517,260$492,509$485,271$549,631
55$535,305$481,926$466,811$561,052
56$554,096$469,731$446,640$569,532
57$573,677$455,810$424,665$578,040
58$594,091$440,044$400,790$586,578
59$615,387$422,305$374,915$595,149
60$637,617$402,459$346,936$603,756
61$660,838$380,363$316,742$612,405
62$685,110$355,868$284,220$621,104
63$710,499$328,813$249,249$629,859
64$737,076$299,031$211,705$638,684
65$764,919$266,345$171,458$647,590
66$794,110$230,565$128,371$656,594
67$824,741$191,494$82,303$665,715
68$856,909$148,922$33,105$674,976
69$890,722$102,628$0$684,403
70$926,296$52,376$0$698,996
71$963,757$0$0$723,192
72$1,003,243$0$0$748,752
73$1,044,903$0$0$779,986
74$1,088,902$0$0$812,984
75$1,135,418$0$0$847,881
76$1,184,644$0$0$884,824
77$1,236,794$0$0$923,976
78$1,292,101$0$0$965,511
79$1,350,816$0$0$1,009,622
80$1,413,219$0$0$1,056,521
81$1,479,612$0$0$1,106,436
82$1,550,328$0$0$1,159,620
83$1,625,731$0$0$1,216,349
84$1,706,218$0$0$1,276,926
85$1,792,228$0$0$1,341,681
86$1,884,237$0$0$1,410,979
87$1,982,771$0$0$1,485,217
88$2,088,406$0$0$1,564,833
89$2,201,772$0$0$1,650,305
90$2,323,563$0$0$1,742,160
91$2,454,538$0$0$1,840,975
92$2,595,532$0$0$1,947,384
93$2,747,464$0$0$2,062,084
94$2,911,338$0$0$2,185,840
95$3,088,262$0$0$2,319,491
96$3,279,452$0$0$2,463,961
97$3,486,242$0$0$2,620,266
98$3,710,103$0$0$2,789,521
99$3,952,647$0$0$2,972,953
100$4,215,650$0$0$3,171,910