Can I retire at age 54 with 487,000?

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 $487,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$40,216$39,858$39,508$39,167$38,834$37,308
2 years$19,909$19,538$19,179$18,830$18,492$16,974
3 years$13,141$12,768$12,410$12,065$11,732$10,269
4 years$9,757$9,386$9,031$8,692$8,368$6,970
5 years$7,728$7,359$7,009$6,676$6,361$5,033
6 years$6,375$6,009$5,664$5,339$5,033$3,776
7 years$5,410$5,046$4,707$4,390$4,093$2,906
8 years$4,686$4,326$3,992$3,682$3,396$2,278
9 years$4,123$3,766$3,438$3,136$2,860$1,809
10 years$3,673$3,320$2,997$2,704$2,437$1,451
11 years$3,305$2,955$2,639$2,353$2,096$1,173
12 years$2,998$2,653$2,342$2,064$1,816$954
13 years$2,739$2,397$2,092$1,822$1,584$780
14 years$2,518$2,179$1,880$1,617$1,388$640
15 years$2,326$1,991$1,697$1,443$1,222$527
16 years$2,158$1,826$1,539$1,292$1,080$434
17 years$2,010$1,682$1,400$1,161$958$359
18 years$1,878$1,554$1,278$1,046$852$297
19 years$1,761$1,440$1,170$945$759$247
20 years$1,655$1,338$1,074$856$678$205
21 years$1,560$1,247$988$777$607$170
22 years$1,473$1,164$910$706$544$141
23 years$1,394$1,088$841$643$488$118
24 years$1,322$1,020$777$587$439$98
25 years$1,256$957$720$536$395$82
26 years$1,194$899$668$490$356$68
27 years$1,138$847$620$448$321$57
28 years$1,085$798$577$411$289$47
29 years$1,037$753$537$377$261$39
30 years$991$711$500$346$236$33
31 years$949$672$466$318$213$27
32 years$909$636$435$292$193$23
33 years$872$602$406$268$175$19
34 years$837$571$379$247$158$16
35 years$804$541$355$227$143$13
36 years$773$514$332$209$130$11
37 years$744$488$310$193$118$9
38 years$717$464$291$178$107$8
39 years$691$441$272$164$97$6
40 years$666$419$255$151$88$5
41 years$642$399$239$139$80$4
42 years$620$380$225$129$72$4
43 years$599$362$211$119$66$3
44 years$579$345$198$110$60$3
45 years$559$329$186$101$54$2
46 years$541$314$174$94$49$2
47 years$524$300$164$86$45$2
48 years$507$286$154$80$40$1
49 years$491$273$145$74$37$1
50 years$475$261$136$68$33$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $487,000, adding $5,912 every year, while hoping to spend $30,451 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: 61/11/28 Blend
53$487,000$487,000$487,000$487,000
54$542,772$516,961$509,413$571,459
55$565,735$509,893$494,078$584,606
56$590,020$501,457$477,210$595,155
57$615,729$491,556$458,723$606,026
58$642,975$480,083$438,532$617,257
59$671,879$466,928$416,544$628,893
60$702,577$451,973$392,664$640,981
61$735,213$435,094$366,792$653,577
62$769,950$416,158$338,824$666,744
63$806,961$395,026$308,651$680,552
64$846,440$371,551$276,159$695,079
65$888,596$345,576$241,230$710,416
66$933,660$316,937$203,739$726,663
67$981,885$285,459$163,556$743,931
68$1,033,549$250,958$120,546$762,347
69$1,088,955$213,239$74,569$782,053
70$1,148,437$172,096$25,475$803,205
71$1,212,361$127,312$0$825,980
72$1,281,129$78,658$0$858,618
73$1,355,182$25,890$0$901,942
74$1,435,005$0$0$948,628
75$1,521,130$0$0$1,002,786
76$1,614,141$0$0$1,064,689
77$1,714,683$0$0$1,131,633
78$1,823,461$0$0$1,204,094
79$1,941,251$0$0$1,282,592
80$2,068,908$0$0$1,367,702
81$2,207,369$0$0$1,460,052
82$2,357,668$0$0$1,560,336
83$2,520,939$0$0$1,669,317
84$2,698,432$0$0$1,787,834
85$2,891,520$0$0$1,916,810
86$3,101,716$0$0$2,057,259
87$3,330,682$0$0$2,210,300
88$3,580,249$0$0$2,377,162
89$3,852,432$0$0$2,559,198
90$4,149,448$0$0$2,757,898
91$4,473,738$0$0$2,974,901
92$4,827,989$0$0$3,212,014
93$5,215,157$0$0$3,471,222
94$5,638,501$0$0$3,754,715
95$6,101,605$0$0$4,064,902
96$6,608,416$0$0$4,404,434
97$7,163,282$0$0$4,776,233
98$7,770,990$0$0$5,183,516
99$8,436,812$0$0$5,629,825
100$9,166,552$0$0$6,119,061