Can I retire at age 54 with 492,000?

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 $492,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$40,629$40,267$39,914$39,569$39,233$38,145
2 years$20,113$19,739$19,376$19,024$18,682$17,595
3 years$13,276$12,899$12,537$12,189$11,853$10,799
4 years$9,858$9,482$9,124$8,781$8,454$7,442
5 years$7,807$7,434$7,081$6,745$6,426$5,460
6 years$6,441$6,071$5,722$5,394$5,085$4,164
7 years$5,465$5,098$4,755$4,435$4,135$3,260
8 years$4,734$4,370$4,033$3,720$3,431$2,601
9 years$4,165$3,805$3,473$3,169$2,889$2,104
10 years$3,710$3,354$3,028$2,731$2,462$1,720
11 years$3,339$2,986$2,666$2,377$2,117$1,418
12 years$3,029$2,680$2,366$2,085$1,835$1,177
13 years$2,768$2,422$2,114$1,841$1,600$981
14 years$2,543$2,201$1,899$1,634$1,402$822
15 years$2,349$2,011$1,715$1,457$1,235$691
16 years$2,180$1,845$1,555$1,305$1,091$583
17 years$2,030$1,699$1,415$1,172$968$492
18 years$1,897$1,570$1,291$1,057$860$417
19 years$1,779$1,455$1,182$955$767$354
20 years$1,672$1,352$1,085$865$685$300
21 years$1,576$1,260$998$785$613$256
22 years$1,488$1,176$920$714$549$218
23 years$1,409$1,100$849$650$493$185
24 years$1,336$1,030$785$593$443$158
25 years$1,268$967$727$541$399$135
26 years$1,207$909$675$495$359$115
27 years$1,150$855$627$453$324$98
28 years$1,097$806$582$415$292$84
29 years$1,047$760$542$381$264$72
30 years$1,001$718$505$349$239$61
31 years$959$679$471$321$216$52
32 years$919$642$439$295$195$45
33 years$881$608$410$271$177$38
34 years$846$576$383$249$160$33
35 years$813$547$358$230$145$28
36 years$781$519$335$211$131$24
37 years$752$493$314$195$119$21
38 years$724$468$294$180$108$18
39 years$698$445$275$166$98$15
40 years$673$424$258$153$89$13
41 years$649$403$242$141$80$11
42 years$626$384$227$130$73$9
43 years$605$366$213$120$66$8
44 years$585$349$200$111$60$7
45 years$565$333$188$102$55$6
46 years$547$317$176$95$50$5
47 years$529$303$166$87$45$4
48 years$512$289$156$81$41$4
49 years$496$276$146$75$37$3
50 years$480$264$137$69$34$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $492,000, adding $6,683 every year, while hoping to spend $25,544 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: 33/38/29 Blend
53$492,000$492,000$492,000$492,000
54$549,078$523,002$515,376$562,195
55$577,905$521,450$505,462$571,201
56$608,816$518,966$494,360$578,178
57$641,998$515,478$482,003$585,205
58$677,653$510,907$468,322$592,305
59$716,005$505,174$453,242$599,506
60$757,300$498,189$436,688$606,838
61$801,807$489,863$418,580$614,339
62$849,823$480,098$398,834$622,053
63$901,673$468,791$377,363$630,032
64$957,714$455,832$354,075$638,335
65$1,018,340$441,107$328,875$647,030
66$1,083,982$424,492$301,664$656,195
67$1,155,115$405,860$272,337$665,921
68$1,232,262$385,072$240,785$676,310
69$1,315,996$361,984$206,895$687,480
70$1,406,950$336,443$170,548$699,563
71$1,505,818$308,288$131,620$712,712
72$1,613,364$277,347$89,982$727,096
73$1,730,429$243,439$45,499$742,909
74$1,857,939$206,373$0$760,369
75$1,996,911$165,948$0$780,333
76$2,148,467$121,951$0$817,531
77$2,313,839$74,155$0$858,228
78$2,494,386$22,324$0$902,822
79$2,691,601$0$0$951,756
80$2,907,130$0$0$1,019,654
81$3,142,784$0$0$1,104,169
82$3,400,557$0$0$1,196,690
83$3,682,645$0$0$1,298,016
84$3,991,465$0$0$1,409,023
85$4,329,681$0$0$1,530,679
86$4,700,224$0$0$1,664,050
87$5,106,324$0$0$1,810,307
88$5,551,536$0$0$1,970,743
89$6,039,777$0$0$2,146,781
90$6,575,361$0$0$2,339,988
91$7,163,040$0$0$2,552,090
92$7,808,047$0$0$2,784,989
93$8,516,148$0$0$3,040,781
94$9,293,694$0$0$3,321,773
95$10,147,679$0$0$3,630,507
96$11,085,810$0$0$3,969,784
97$12,116,578$0$0$4,342,690
98$13,249,334$0$0$4,752,624
99$14,494,383$0$0$5,203,331
100$15,863,076$0$0$5,698,938