Can I retire at age 54 with 482,000?

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 $482,000?

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$39,803$39,449$39,103$38,765$38,435$38,113
2 years$19,705$19,338$18,982$18,637$18,303$17,978
3 years$13,006$12,637$12,283$11,941$11,612$11,295
4 years$9,657$9,290$8,939$8,603$8,282$7,975
5 years$7,649$7,283$6,937$6,608$6,296$5,999
6 years$6,310$5,947$5,606$5,284$4,982$4,697
7 years$5,354$4,995$4,658$4,344$4,051$3,778
8 years$4,637$4,281$3,951$3,644$3,361$3,099
9 years$4,080$3,728$3,403$3,104$2,830$2,579
10 years$3,635$3,286$2,967$2,676$2,412$2,172
11 years$3,271$2,925$2,612$2,329$2,074$1,845
12 years$2,968$2,625$2,318$2,043$1,797$1,579
13 years$2,711$2,373$2,071$1,803$1,567$1,360
14 years$2,492$2,157$1,861$1,601$1,374$1,177
15 years$2,302$1,970$1,680$1,428$1,210$1,022
16 years$2,135$1,808$1,523$1,278$1,069$891
17 years$1,989$1,665$1,386$1,149$948$780
18 years$1,859$1,538$1,265$1,035$843$684
19 years$1,743$1,426$1,158$935$751$601
20 years$1,638$1,325$1,063$847$671$529
21 years$1,544$1,234$978$769$601$467
22 years$1,458$1,152$901$699$538$412
23 years$1,380$1,077$832$637$483$364
24 years$1,308$1,009$770$581$434$323
25 years$1,243$947$713$530$391$286
26 years$1,182$890$661$485$352$254
27 years$1,126$838$614$444$317$225
28 years$1,074$789$571$407$286$200
29 years$1,026$745$531$373$259$178
30 years$981$703$495$342$234$158
31 years$939$665$461$314$211$140
32 years$900$629$430$289$191$125
33 years$863$596$402$266$173$111
34 years$829$565$375$244$157$99
35 years$796$536$351$225$142$88
36 years$766$508$328$207$128$79
37 years$737$483$307$191$116$70
38 years$709$459$288$176$106$62
39 years$683$436$270$162$96$56
40 years$659$415$253$150$87$50
41 years$636$395$237$138$79$44
42 years$614$376$222$127$71$40
43 years$593$359$209$118$65$35
44 years$573$342$196$109$59$31
45 years$554$326$184$100$53$28
46 years$535$311$173$93$49$25
47 years$518$297$162$86$44$22
48 years$502$283$152$79$40$20
49 years$486$271$143$73$36$18
50 years$471$258$135$68$33$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $482,000, adding $3,915 every year, while hoping to spend $24,868 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: 22/48/30 Blend
53$482,000$482,000$482,000$482,000
54$535,202$509,656$502,185$541,853
55$563,334$508,170$492,549$546,645
56$593,501$505,778$481,757$549,455
57$625,885$502,408$469,743$551,933
58$660,686$497,987$456,440$554,069
59$698,122$492,434$441,777$555,854
60$738,433$485,666$425,679$557,280
61$781,882$477,592$408,068$558,343
62$828,759$468,120$388,863$559,040
63$879,382$457,147$367,980$559,372
64$934,101$444,569$345,329$559,341
65$993,299$430,272$320,817$558,956
66$1,057,398$414,138$294,347$558,229
67$1,126,863$396,042$265,818$557,179
68$1,202,205$375,849$235,125$555,829
69$1,283,984$353,420$202,155$554,209
70$1,372,818$328,605$166,795$552,360
71$1,469,385$301,247$128,923$550,328
72$1,574,434$271,179$88,413$548,173
73$1,688,786$238,226$45,134$545,965
74$1,813,344$202,202$0$543,786
75$1,949,105$162,910$0$542,071
76$2,097,165$120,143$0$556,039
77$2,258,727$73,682$0$571,407
78$2,435,120$23,295$0$588,382
79$2,627,804$0$0$607,194
80$2,838,387$0$0$644,615
81$3,068,640$0$0$699,066
82$3,320,513$0$0$758,716
83$3,596,150$0$0$824,083
84$3,897,916$0$0$895,738
85$4,228,414$0$0$974,312
86$4,590,509$0$0$1,060,498
87$4,987,358$0$0$1,155,058
88$5,422,437$0$0$1,258,835
89$5,899,575$0$0$1,372,756
90$6,422,988$0$0$1,497,839
91$6,997,322$0$0$1,635,211
92$7,627,692$0$0$1,786,110
93$8,319,734$0$0$1,951,899
94$9,079,656$0$0$2,134,083
95$9,914,296$0$0$2,334,317
96$10,831,188$0$0$2,554,425
97$11,838,630$0$0$2,796,417
98$12,945,765$0$0$3,062,508
99$14,162,665$0$0$3,355,137
100$15,500,426$0$0$3,676,993