Can I retire at age 54 with 496,000?

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 $496,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$40,959$40,594$40,238$39,891$39,552$38,658
2 years$20,277$19,899$19,533$19,178$18,834$17,939
3 years$13,384$13,004$12,639$12,288$11,949$11,080
4 years$9,938$9,560$9,198$8,853$8,522$7,686
5 years$7,871$7,495$7,138$6,800$6,478$5,677
6 years$6,493$6,120$5,769$5,438$5,126$4,361
7 years$5,510$5,140$4,794$4,471$4,169$3,440
8 years$4,772$4,406$4,066$3,750$3,459$2,765
9 years$4,199$3,836$3,502$3,194$2,913$2,254
10 years$3,741$3,381$3,053$2,754$2,482$1,858
11 years$3,366$3,010$2,688$2,397$2,134$1,544
12 years$3,054$2,702$2,385$2,102$1,850$1,292
13 years$2,790$2,441$2,131$1,856$1,613$1,088
14 years$2,564$2,219$1,915$1,647$1,414$919
15 years$2,368$2,027$1,729$1,469$1,245$780
16 years$2,197$1,860$1,567$1,315$1,100$664
17 years$2,047$1,713$1,426$1,182$976$566
18 years$1,913$1,583$1,302$1,065$867$484
19 years$1,793$1,467$1,192$962$773$415
20 years$1,686$1,363$1,094$872$691$356
21 years$1,589$1,270$1,006$791$618$305
22 years$1,500$1,185$927$719$554$263
23 years$1,420$1,109$856$655$497$226
24 years$1,346$1,039$792$597$447$195
25 years$1,279$975$733$546$402$168
26 years$1,216$916$680$499$362$145
27 years$1,159$862$632$457$327$125
28 years$1,105$812$587$418$295$108
29 years$1,056$766$546$384$266$93
30 years$1,010$724$509$352$240$81
31 years$966$684$475$323$217$70
32 years$926$647$443$297$197$60
33 years$888$613$413$273$178$52
34 years$853$581$386$251$161$45
35 years$819$551$361$231$146$39
36 years$788$523$338$213$132$34
37 years$758$497$316$196$120$29
38 years$730$472$296$181$109$25
39 years$703$449$277$167$99$22
40 years$678$427$260$154$89$19
41 years$654$407$244$142$81$16
42 years$631$387$229$131$74$14
43 years$610$369$215$121$67$12
44 years$589$352$201$112$61$11
45 years$570$335$189$103$55$9
46 years$551$320$178$95$50$8
47 years$533$305$167$88$45$7
48 years$516$291$157$81$41$6
49 years$500$278$147$75$37$5
50 years$484$266$139$70$34$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $496,000, adding $3,057 every year, while hoping to spend $31,209 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: 45/30/25 Blend
53$496,000$496,000$496,000$496,000
54$549,745$523,457$515,769$570,395
55$572,613$515,901$499,841$577,750
56$596,768$506,928$482,334$582,453
57$622,307$496,436$463,161$586,937
58$649,338$484,317$442,233$591,197
59$677,979$470,457$419,456$595,232
60$708,356$454,733$394,731$599,042
61$740,611$437,017$367,957$602,628
62$774,896$417,174$339,026$605,997
63$811,378$395,058$307,827$609,157
64$850,241$370,518$274,241$612,122
65$891,685$343,393$238,148$614,907
66$935,930$313,513$199,419$617,537
67$983,217$280,697$157,922$620,039
68$1,033,810$244,755$113,516$622,448
69$1,087,997$205,487$66,058$624,808
70$1,146,097$162,681$15,395$627,170
71$1,208,458$116,111$0$629,595
72$1,275,461$65,541$0$642,471
73$1,347,526$10,720$0$660,621
74$1,425,115$0$0$680,078
75$1,508,731$0$0$717,054
76$1,598,931$0$0$760,804
77$1,696,326$0$0$808,091
78$1,801,586$0$0$859,246
79$1,915,447$0$0$914,633
80$2,038,720$0$0$974,655
81$2,172,296$0$0$1,039,750
82$2,317,154$0$0$1,110,404
83$2,474,371$0$0$1,187,150
84$2,645,131$0$0$1,270,573
85$2,830,738$0$0$1,361,319
86$3,032,624$0$0$1,460,098
87$3,252,367$0$0$1,567,689
88$3,491,702$0$0$1,684,953
89$3,752,538$0$0$1,812,834
90$4,036,977$0$0$1,952,374
91$4,347,332$0$0$2,104,718
92$4,686,148$0$0$2,271,126
93$5,056,228$0$0$2,452,988
94$5,460,657$0$0$2,651,831
95$5,902,832$0$0$2,869,338
96$6,386,493$0$0$3,107,362
97$6,915,756$0$0$3,367,943
98$7,495,156$0$0$3,653,327
99$8,129,685$0$0$3,965,990
100$8,824,842$0$0$4,308,654