Can I retire at age 54 with 491,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $491,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$40,546$40,185$39,833$39,489$39,153$38,988
2 years$20,072$19,699$19,336$18,985$18,644$18,478
3 years$13,249$12,873$12,512$12,164$11,829$11,666
4 years$9,838$9,463$9,105$8,763$8,436$8,278
5 years$7,791$7,419$7,066$6,731$6,413$6,260
6 years$6,428$6,058$5,711$5,383$5,075$4,927
7 years$5,454$5,088$4,745$4,426$4,127$3,985
8 years$4,724$4,361$4,025$3,713$3,424$3,288
9 years$4,157$3,797$3,466$3,162$2,883$2,753
10 years$3,703$3,347$3,022$2,726$2,457$2,332
11 years$3,332$2,980$2,661$2,372$2,113$1,993
12 years$3,023$2,674$2,361$2,081$1,831$1,717
13 years$2,762$2,417$2,110$1,837$1,597$1,487
14 years$2,538$2,197$1,895$1,631$1,400$1,296
15 years$2,345$2,007$1,711$1,454$1,232$1,133
16 years$2,175$1,841$1,552$1,302$1,089$995
17 years$2,026$1,696$1,412$1,170$966$876
18 years$1,894$1,567$1,289$1,054$859$774
19 years$1,775$1,452$1,180$953$765$685
20 years$1,669$1,349$1,083$863$684$607
21 years$1,573$1,257$996$783$612$540
22 years$1,485$1,173$918$712$548$480
23 years$1,406$1,097$848$648$492$428
24 years$1,333$1,028$784$591$442$382
25 years$1,266$965$726$540$398$341
26 years$1,204$907$673$494$359$305
27 years$1,147$853$625$452$323$272
28 years$1,094$804$581$414$292$244
29 years$1,045$759$541$380$263$219
30 years$999$717$504$349$238$196
31 years$957$677$470$320$215$176
32 years$917$641$438$294$195$158
33 years$879$607$409$271$176$142
34 years$844$575$382$249$159$127
35 years$811$546$357$229$144$114
36 years$780$518$334$211$131$103
37 years$750$492$313$194$119$92
38 years$723$467$293$179$108$83
39 years$696$444$275$165$98$75
40 years$671$423$257$152$88$67
41 years$648$403$241$141$80$60
42 years$625$383$226$130$73$54
43 years$604$365$212$120$66$49
44 years$583$348$199$111$60$44
45 years$564$332$187$102$54$40
46 years$545$317$176$94$49$36
47 years$528$302$165$87$45$32
48 years$511$289$155$81$41$29
49 years$495$276$146$74$37$26
50 years$479$263$137$69$34$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $491,000, adding $6,416 every year, while hoping to spend $22,133 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: 43/32/25 Blend
53$491,000$491,000$491,000$491,000
54$547,700$521,677$514,067$567,022
55$580,016$523,690$507,738$583,425
56$614,887$525,060$500,457$598,577
57$652,549$525,731$492,166$614,559
58$693,263$525,646$482,808$631,459
59$737,316$524,743$472,322$649,377
60$785,023$522,956$460,645$668,424
61$836,730$520,215$447,711$688,722
62$892,817$516,447$433,450$710,411
63$953,703$511,572$417,790$733,642
64$1,019,849$505,507$400,654$758,588
65$1,091,762$498,165$381,964$785,437
66$1,169,998$489,451$361,636$814,401
67$1,255,170$479,267$339,583$845,715
68$1,347,954$467,507$315,716$879,641
69$1,449,092$454,062$289,939$916,468
70$1,559,400$438,812$262,153$956,518
71$1,679,779$421,634$232,255$1,000,150
72$1,811,218$402,395$200,137$1,047,760
73$1,954,807$380,957$165,686$1,099,789
74$2,111,746$357,173$128,785$1,156,726
75$2,283,355$330,885$89,311$1,219,112
76$2,471,089$301,930$47,134$1,287,548
77$2,676,549$270,134$2,122$1,362,701
78$2,901,499$235,312$0$1,445,307
79$3,147,879$197,270$0$1,548,432
80$3,417,829$155,802$0$1,662,133
81$3,713,703$110,692$0$1,786,886
82$4,038,094$61,710$0$1,923,844
83$4,393,860$8,613$0$2,074,277
84$4,784,146$0$0$2,239,591
85$5,212,417$0$0$2,438,540
86$5,682,492$0$0$2,660,299
87$6,198,574$0$0$2,903,829
88$6,765,295$0$0$3,171,323
89$7,387,757$0$0$3,465,197
90$8,071,581$0$0$3,788,113
91$8,822,959$0$0$4,143,005
92$9,648,711$0$0$4,533,105
93$10,556,354$0$0$4,961,970
94$11,554,165$0$0$5,433,525
95$12,651,267$0$0$5,952,089
96$13,857,708$0$0$6,522,424
97$15,184,561$0$0$7,149,775
98$16,644,023$0$0$7,839,920
99$18,249,536$0$0$8,599,227
100$20,015,908$0$0$9,434,712