Can I retire at age 54 with 480,000?

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 $480,000?

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$39,638$39,285$38,940$38,604$38,276$37,442
2 years$19,623$19,257$18,903$18,560$18,227$17,391
3 years$12,952$12,585$12,232$11,891$11,564$10,752
4 years$9,617$9,251$8,901$8,567$8,247$7,466
5 years$7,617$7,253$6,908$6,580$6,269$5,520
6 years$6,284$5,923$5,583$5,262$4,961$4,245
7 years$5,332$4,974$4,639$4,326$4,034$3,352
8 years$4,618$4,264$3,934$3,629$3,347$2,698
9 years$4,064$3,712$3,389$3,091$2,819$2,202
10 years$3,620$3,272$2,954$2,665$2,402$1,817
11 years$3,257$2,913$2,601$2,319$2,065$1,512
12 years$2,955$2,614$2,308$2,034$1,790$1,267
13 years$2,700$2,363$2,062$1,796$1,561$1,068
14 years$2,481$2,148$1,853$1,594$1,368$904
15 years$2,292$1,962$1,673$1,422$1,205$768
16 years$2,127$1,800$1,517$1,273$1,065$654
17 years$1,981$1,658$1,380$1,144$944$559
18 years$1,851$1,532$1,260$1,031$839$479
19 years$1,735$1,420$1,153$931$748$411
20 years$1,631$1,319$1,059$844$668$353
21 years$1,537$1,229$974$766$598$303
22 years$1,452$1,147$897$696$536$261
23 years$1,374$1,073$829$634$481$225
24 years$1,303$1,005$766$578$433$194
25 years$1,238$943$710$528$389$168
26 years$1,177$887$658$483$351$145
27 years$1,121$834$611$442$316$125
28 years$1,070$786$568$405$285$108
29 years$1,022$742$529$371$258$94
30 years$977$700$493$341$233$81
31 years$935$662$459$313$210$70
32 years$896$627$428$288$190$61
33 years$860$593$400$265$172$53
34 years$825$562$374$243$156$46
35 years$793$533$349$224$141$40
36 years$762$506$327$206$128$34
37 years$734$481$306$190$116$30
38 years$706$457$287$175$105$26
39 years$681$435$268$162$95$22
40 years$656$413$252$149$86$19
41 years$633$394$236$137$78$17
42 years$611$375$221$127$71$15
43 years$590$357$208$117$65$13
44 years$570$340$195$108$59$11
45 years$551$325$183$100$53$9
46 years$533$310$172$92$48$8
47 years$516$295$162$85$44$7
48 years$500$282$152$79$40$6
49 years$484$269$143$73$36$5
50 years$469$257$134$67$33$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $480,000, adding $2,926 every year, while hoping to spend $36,234 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: 56/21/23 Blend
53$480,000$480,000$480,000$480,000
54$531,978$506,538$499,098$558,291
55$547,687$492,806$477,265$562,893
56$563,784$477,186$453,487$563,825
57$580,270$459,549$427,659$564,068
58$597,146$439,755$399,673$563,567
59$614,410$417,658$369,418$562,262
60$632,061$393,104$336,774$560,088
61$650,093$365,928$301,618$556,980
62$668,502$335,958$263,822$552,864
63$687,280$303,011$223,250$547,664
64$706,417$266,893$179,764$541,297
65$725,901$227,399$133,215$533,676
66$745,715$184,315$83,450$524,708
67$765,843$137,411$30,310$514,294
68$786,262$86,447$0$502,327
69$806,946$31,168$0$495,172
70$827,865$0$0$494,590
71$848,984$0$0$499,680
72$870,263$0$0$512,048
73$891,654$0$0$524,461
74$913,105$0$0$536,886
75$934,555$0$0$549,285
76$955,935$0$0$561,614
77$977,166$0$0$573,825
78$998,160$0$0$585,861
79$1,018,817$0$0$597,660
80$1,039,025$0$0$609,152
81$1,058,657$0$0$620,257
82$1,077,571$0$0$630,888
83$1,095,610$0$0$640,946
84$1,112,594$0$0$650,319
85$1,128,325$0$0$658,884
86$1,142,581$0$0$666,503
87$1,155,116$0$0$673,022
88$1,165,653$0$0$678,270
89$1,173,885$0$0$682,056
90$1,179,470$0$0$684,169
91$1,182,030$0$0$684,372
92$1,181,142$0$0$682,403
93$1,176,337$0$0$677,974
94$1,167,096$0$0$670,760
95$1,152,842$0$0$660,405
96$1,132,935$0$0$646,512
97$1,106,666$0$0$628,642
98$1,073,250$0$0$606,310
99$1,031,817$0$0$578,977
100$981,405$0$0$546,047