Can I retire at age 54 with 497,000?

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 $497,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$41,042$40,676$40,320$39,971$39,631$38,134
2 years$20,318$19,939$19,573$19,217$18,872$17,381
3 years$13,411$13,031$12,665$12,313$11,973$10,535
4 years$9,958$9,579$9,217$8,870$8,539$7,166
5 years$7,887$7,510$7,153$6,813$6,492$5,185
6 years$6,506$6,132$5,780$5,449$5,137$3,899
7 years$5,521$5,150$4,803$4,480$4,177$3,008
8 years$4,782$4,415$4,074$3,758$3,466$2,363
9 years$4,207$3,844$3,509$3,201$2,918$1,881
10 years$3,748$3,388$3,059$2,759$2,487$1,513
11 years$3,373$3,016$2,693$2,401$2,139$1,227
12 years$3,060$2,707$2,390$2,106$1,853$1,000
13 years$2,796$2,446$2,135$1,860$1,616$820
14 years$2,569$2,224$1,919$1,651$1,417$674
15 years$2,373$2,031$1,732$1,472$1,247$557
16 years$2,202$1,864$1,571$1,318$1,102$461
17 years$2,051$1,716$1,429$1,184$977$382
18 years$1,917$1,586$1,305$1,067$869$317
19 years$1,797$1,470$1,194$964$775$264
20 years$1,689$1,366$1,096$873$692$220
21 years$1,592$1,272$1,008$793$619$183
22 years$1,503$1,188$929$721$555$153
23 years$1,423$1,111$858$656$498$127
24 years$1,349$1,041$793$599$448$106
25 years$1,281$977$735$547$403$89
26 years$1,219$918$682$500$363$74
27 years$1,161$864$633$458$327$62
28 years$1,108$814$588$419$295$52
29 years$1,058$768$548$384$267$44
30 years$1,012$725$510$353$241$36
31 years$968$686$475$324$218$30
32 years$928$649$444$298$197$25
33 years$890$614$414$274$178$21
34 years$854$582$387$252$161$18
35 years$821$552$362$232$146$15
36 years$789$524$338$214$132$13
37 years$760$498$317$197$120$10
38 years$731$473$297$181$109$9
39 years$705$450$278$167$99$7
40 years$679$428$261$154$90$6
41 years$656$407$244$142$81$5
42 years$633$388$229$131$74$4
43 years$611$370$215$121$67$4
44 years$591$352$202$112$61$3
45 years$571$336$190$103$55$3
46 years$552$321$178$96$50$2
47 years$534$306$167$88$45$2
48 years$517$292$157$82$41$1
49 years$501$279$148$75$37$1
50 years$485$266$139$70$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $497,000, adding $3,565 every year, while hoping to spend $20,626 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: 50/20/30 Blend
53$497,000$497,000$497,000$497,000
54$551,371$525,030$517,327$574,094
55$585,665$528,811$512,711$594,167
56$622,766$532,085$507,250$613,652
57$662,938$534,807$500,893$634,437
58$706,472$536,927$493,587$656,656
59$753,687$538,392$485,277$680,457
60$804,936$539,146$475,907$706,003
61$860,605$539,130$465,416$733,478
62$921,120$538,280$453,740$763,082
63$986,948$536,530$440,814$795,040
64$1,058,605$533,808$426,570$829,598
65$1,136,657$530,039$410,934$867,030
66$1,221,728$525,142$393,832$907,641
67$1,314,503$519,033$375,184$951,766
68$1,415,738$511,622$354,909$999,777
69$1,526,265$502,813$332,920$1,052,085
70$1,646,999$492,506$309,127$1,109,145
71$1,778,946$480,592$283,437$1,171,461
72$1,923,217$466,959$255,750$1,239,590
73$2,081,032$451,487$225,965$1,314,149
74$2,253,737$434,049$193,973$1,395,817
75$2,442,810$414,510$159,664$1,485,348
76$2,649,884$392,728$122,920$1,583,574
77$2,876,754$368,553$83,619$1,691,416
78$3,125,396$341,826$41,634$1,809,890
79$3,397,989$312,378$0$1,940,120
80$3,696,932$280,033$0$2,084,362
81$4,024,866$244,601$0$2,257,261
82$4,384,700$205,884$0$2,447,037
83$4,779,641$163,674$0$2,655,411
84$5,213,218$117,748$0$2,884,283
85$5,689,321$67,872$0$3,135,745
86$6,212,233$13,799$0$3,412,106
87$6,786,674$0$0$3,715,911
88$7,417,844$0$0$4,059,811
89$8,111,469$0$0$4,441,134
90$8,873,859$0$0$4,860,320
91$9,711,966$0$0$5,321,199
92$10,633,449$0$0$5,827,988
93$11,646,745$0$0$6,385,336
94$12,761,151$0$0$6,998,365
95$13,986,909$0$0$7,672,717
96$15,335,305$0$0$8,414,610
97$16,818,771$0$0$9,230,893
98$18,451,008$0$0$10,129,113
99$20,247,109$0$0$11,117,587
100$22,223,707$0$0$12,205,478