Can I retire at age 54 with 474,000?

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 $474,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$39,142$38,794$38,454$38,122$37,797$37,481
2 years$19,377$19,017$18,667$18,328$17,999$17,680
3 years$12,790$12,428$12,079$11,743$11,419$11,107
4 years$9,497$9,136$8,790$8,460$8,144$7,842
5 years$7,522$7,162$6,822$6,498$6,191$5,900
6 years$6,205$5,849$5,513$5,197$4,899$4,619
7 years$5,265$4,912$4,581$4,272$3,984$3,715
8 years$4,560$4,210$3,885$3,584$3,305$3,047
9 years$4,013$3,666$3,346$3,053$2,783$2,537
10 years$3,575$3,231$2,917$2,632$2,372$2,136
11 years$3,217$2,877$2,568$2,290$2,040$1,815
12 years$2,918$2,582$2,279$2,009$1,768$1,553
13 years$2,666$2,333$2,037$1,773$1,541$1,337
14 years$2,450$2,121$1,830$1,574$1,351$1,157
15 years$2,263$1,937$1,652$1,404$1,190$1,005
16 years$2,100$1,778$1,498$1,257$1,051$877
17 years$1,956$1,637$1,363$1,130$932$767
18 years$1,828$1,513$1,244$1,018$829$672
19 years$1,714$1,402$1,139$920$739$591
20 years$1,611$1,303$1,045$833$660$520
21 years$1,518$1,213$962$756$591$459
22 years$1,434$1,133$886$687$529$405
23 years$1,357$1,059$818$626$475$358
24 years$1,287$993$757$571$427$317
25 years$1,222$932$701$521$384$281
26 years$1,163$875$650$477$346$249
27 years$1,107$824$604$436$312$221
28 years$1,056$776$561$400$282$197
29 years$1,009$732$522$367$254$175
30 years$965$692$486$337$230$155
31 years$924$654$453$309$208$138
32 years$885$619$423$284$188$123
33 years$849$586$395$261$170$109
34 years$815$555$369$240$154$97
35 years$783$527$345$221$139$87
36 years$753$500$323$204$126$77
37 years$724$475$302$188$115$69
38 years$698$451$283$173$104$61
39 years$672$429$265$160$94$55
40 years$648$408$248$147$85$49
41 years$625$389$233$136$77$44
42 years$603$370$219$125$70$39
43 years$583$353$205$116$64$35
44 years$563$336$193$107$58$31
45 years$544$321$181$99$53$28
46 years$527$306$170$91$48$25
47 years$510$292$159$84$43$22
48 years$493$279$150$78$39$20
49 years$478$266$141$72$36$17
50 years$463$254$132$66$32$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $474,000, adding $3,633 every year, while hoping to spend $33,700 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: 71/23/6 Blend
53$474,000$474,000$474,000$474,000
54$526,095$500,973$493,626$562,786
55$543,901$489,665$474,306$576,185
56$562,392$476,672$453,210$586,307
57$581,605$461,878$430,241$596,446
58$601,576$445,157$405,301$606,594
59$622,345$426,377$378,286$616,743
60$643,953$405,399$349,088$626,887
61$666,446$382,073$317,592$637,019
62$689,873$356,244$283,681$647,130
63$714,286$327,746$247,231$657,216
64$739,742$296,405$208,111$667,269
65$766,301$262,034$166,189$677,286
66$794,029$224,439$121,321$687,260
67$822,996$183,413$73,362$697,188
68$853,280$138,738$22,157$707,069
69$884,962$90,183$0$716,901
70$918,131$37,506$0$728,766
71$952,886$0$0$742,235
72$989,331$0$0$760,854
73$1,027,579$0$0$790,364
74$1,067,755$0$0$821,369
75$1,109,992$0$0$853,973
76$1,154,438$0$0$888,291
77$1,201,250$0$0$924,447
78$1,250,603$0$0$962,575
79$1,302,685$0$0$1,002,824
80$1,357,701$0$0$1,045,353
81$1,415,877$0$0$1,090,337
82$1,477,457$0$0$1,137,968
83$1,542,709$0$0$1,188,454
84$1,611,925$0$0$1,242,024
85$1,685,424$0$0$1,298,928
86$1,763,556$0$0$1,359,437
87$1,846,704$0$0$1,423,850
88$1,935,285$0$0$1,492,495
89$2,029,759$0$0$1,565,730
90$2,130,627$0$0$1,643,945
91$2,238,439$0$0$1,727,572
92$2,353,799$0$0$1,817,081
93$2,477,367$0$0$1,912,989
94$2,609,868$0$0$2,015,862
95$2,752,098$0$0$2,126,322
96$2,904,931$0$0$2,245,052
97$3,069,325$0$0$2,372,800
98$3,246,331$0$0$2,510,389
99$3,437,106$0$0$2,658,723
100$3,642,919$0$0$2,818,793