Can I retire at age 54 with 471,000?

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 $471,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$38,895$38,548$38,210$37,880$37,558$36,966
2 years$19,255$18,896$18,549$18,212$17,885$17,290
3 years$12,709$12,349$12,002$11,668$11,347$10,768
4 years$9,437$9,078$8,735$8,406$8,093$7,534
5 years$7,474$7,117$6,778$6,457$6,152$5,615
6 years$6,166$5,812$5,478$5,164$4,868$4,353
7 years$5,232$4,881$4,552$4,245$3,959$3,466
8 years$4,532$4,184$3,861$3,561$3,284$2,814
9 years$3,987$3,643$3,325$3,033$2,766$2,318
10 years$3,552$3,211$2,899$2,615$2,357$1,930
11 years$3,196$2,858$2,552$2,276$2,027$1,622
12 years$2,900$2,565$2,265$1,996$1,756$1,372
13 years$2,649$2,318$2,024$1,762$1,532$1,168
14 years$2,435$2,107$1,818$1,564$1,343$998
15 years$2,249$1,925$1,642$1,395$1,182$857
16 years$2,087$1,766$1,488$1,249$1,045$738
17 years$1,944$1,627$1,354$1,122$926$637
18 years$1,816$1,503$1,236$1,011$824$552
19 years$1,703$1,393$1,132$914$734$479
20 years$1,601$1,295$1,039$828$656$416
21 years$1,509$1,206$955$751$587$362
22 years$1,425$1,126$881$683$526$315
23 years$1,348$1,053$813$622$472$275
24 years$1,279$986$752$567$424$240
25 years$1,214$926$696$518$382$210
26 years$1,155$870$646$474$344$183
27 years$1,100$819$600$434$310$160
28 years$1,050$771$558$397$280$140
29 years$1,003$728$519$364$253$123
30 years$959$687$483$334$228$108
31 years$918$650$451$307$206$94
32 years$879$615$420$282$187$83
33 years$843$582$393$260$169$73
34 years$810$552$367$239$153$64
35 years$778$523$343$220$139$56
36 years$748$497$321$202$126$49
37 years$720$472$300$187$114$43
38 years$693$448$281$172$103$38
39 years$668$426$263$159$94$33
40 years$644$406$247$146$85$29
41 years$621$386$232$135$77$26
42 years$600$368$217$125$70$22
43 years$579$350$204$115$63$20
44 years$560$334$191$106$58$17
45 years$541$319$180$98$52$15
46 years$523$304$169$91$47$13
47 years$506$290$158$84$43$12
48 years$490$277$149$77$39$10
49 years$475$264$140$71$36$9
50 years$460$252$132$66$32$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $471,000, adding $4,162 every year, while hoping to spend $38,700 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: 62/18/20 Blend
53$471,000$471,000$471,000$471,000
54$523,335$498,372$491,072$552,832
55$535,539$481,616$466,346$556,477
56$547,690$462,741$439,495$555,768
57$559,743$441,604$410,407$554,104
58$571,645$418,051$378,964$551,399
59$583,338$391,921$345,044$547,554
60$594,755$363,041$308,519$542,468
61$605,822$331,232$269,257$536,027
62$616,456$296,302$227,116$528,109
63$626,562$258,049$181,953$518,583
64$636,037$216,259$133,614$507,305
65$644,764$170,707$81,941$494,121
66$652,612$121,154$26,769$478,862
67$659,437$67,349$0$461,345
68$665,075$9,025$0$448,226
69$669,348$0$0$438,978
70$672,054$0$0$438,405
71$672,970$0$0$438,377
72$671,850$0$0$436,937
73$668,418$0$0$433,896
74$662,369$0$0$429,045
75$653,365$0$0$422,152
76$641,031$0$0$412,961
77$624,951$0$0$401,187
78$604,665$0$0$386,513
79$579,662$0$0$368,592
80$549,379$0$0$347,036
81$513,190$0$0$321,419
82$470,405$0$0$291,266
83$420,260$0$0$256,056
84$361,909$0$0$215,209
85$294,417$0$0$168,086
86$216,753$0$0$113,981
87$127,774$0$0$52,112
88$26,220$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0