Can I retire at age 54 with 478,000?

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 $478,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$39,473$39,121$38,778$38,443$38,116$37,165
2 years$19,541$19,177$18,824$18,482$18,151$17,198
3 years$12,898$12,532$12,181$11,842$11,516$10,592
4 years$9,577$9,213$8,864$8,531$8,213$7,325
5 years$7,585$7,223$6,879$6,553$6,243$5,393
6 years$6,257$5,898$5,559$5,240$4,940$4,129
7 years$5,310$4,953$4,620$4,308$4,018$3,246
8 years$4,599$4,246$3,918$3,614$3,333$2,600
9 years$4,047$3,697$3,375$3,079$2,807$2,112
10 years$3,605$3,258$2,942$2,654$2,392$1,735
11 years$3,244$2,901$2,590$2,310$2,057$1,436
12 years$2,943$2,604$2,299$2,026$1,782$1,197
13 years$2,689$2,353$2,054$1,788$1,554$1,003
14 years$2,471$2,139$1,845$1,588$1,363$845
15 years$2,283$1,954$1,666$1,416$1,200$714
16 years$2,118$1,793$1,510$1,268$1,060$605
17 years$1,972$1,651$1,374$1,139$940$514
18 years$1,843$1,525$1,255$1,027$836$437
19 years$1,728$1,414$1,149$928$745$373
20 years$1,625$1,314$1,054$840$665$318
21 years$1,531$1,224$970$762$596$272
22 years$1,446$1,142$894$693$534$233
23 years$1,368$1,068$825$631$479$200
24 years$1,298$1,001$763$576$431$171
25 years$1,232$939$707$526$388$147
26 years$1,172$883$656$481$349$126
27 years$1,117$831$609$440$315$108
28 years$1,065$783$566$403$284$93
29 years$1,018$739$527$370$256$80
30 years$973$698$491$339$232$69
31 years$931$659$457$312$209$59
32 years$893$624$427$286$190$51
33 years$856$591$398$263$172$44
34 years$822$560$372$242$155$38
35 years$790$531$348$223$141$32
36 years$759$504$326$205$127$28
37 years$731$479$305$189$115$24
38 years$703$455$285$174$105$21
39 years$678$433$267$161$95$18
40 years$654$412$251$148$86$15
41 years$630$392$235$137$78$13
42 years$609$373$220$126$71$11
43 years$588$356$207$117$64$10
44 years$568$339$194$108$58$8
45 years$549$323$182$99$53$7
46 years$531$308$171$92$48$6
47 years$514$294$161$85$44$5
48 years$497$281$151$78$40$5
49 years$482$268$142$72$36$4
50 years$467$256$134$67$33$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $478,000, adding $3,087 every year, while hoping to spend $37,060 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: 66/26/8 Blend
53$478,000$478,000$478,000$478,000
54$529,940$504,606$497,197$563,907
55$544,563$489,900$474,422$572,174
56$559,434$473,232$449,641$576,499
57$574,542$454,465$422,749$580,251
58$589,869$433,458$393,635$583,371
59$605,396$410,057$362,182$585,794
60$621,100$384,105$328,269$587,450
61$636,956$355,429$291,770$588,264
62$652,933$323,853$252,552$588,154
63$668,997$289,186$210,477$587,031
64$685,107$251,229$165,401$584,800
65$701,218$209,770$117,172$581,359
66$717,279$164,585$65,634$576,596
67$733,231$115,439$10,622$570,391
68$749,008$62,083$0$562,613
69$764,536$4,254$0$557,226
70$779,730$0$0$551,209
71$794,496$0$0$560,192
72$808,727$0$0$569,987
73$822,306$0$0$579,289
74$835,100$0$0$588,002
75$846,959$0$0$596,017
76$857,718$0$0$603,212
77$867,192$0$0$609,454
78$875,175$0$0$614,590
79$881,438$0$0$618,453
80$885,725$0$0$620,858
81$887,752$0$0$621,597
82$887,203$0$0$620,440
83$883,730$0$0$617,131
84$876,941$0$0$611,387
85$866,408$0$0$602,893
86$851,650$0$0$591,300
87$832,139$0$0$576,223
88$807,286$0$0$557,234
89$776,442$0$0$533,858
90$738,886$0$0$505,570
91$693,822$0$0$471,792
92$640,368$0$0$431,879
93$577,548$0$0$385,122
94$504,285$0$0$330,735
95$419,385$0$0$267,851
96$321,531$0$0$195,509
97$209,266$0$0$112,648
98$80,980$0$0$18,097
99$0$0$0$0
100$0$0$0$0