Can I retire at age 54 with 498,000?

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 $498,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$41,124$40,758$40,401$40,052$39,711$38,181
2 years$20,359$19,979$19,612$19,256$18,910$17,387
3 years$13,438$13,057$12,690$12,337$11,997$10,529
4 years$9,978$9,598$9,235$8,888$8,557$7,154
5 years$7,902$7,525$7,167$6,827$6,505$5,171
6 years$6,519$6,145$5,792$5,460$5,147$3,884
7 years$5,532$5,160$4,813$4,489$4,186$2,993
8 years$4,791$4,423$4,082$3,765$3,473$2,348
9 years$4,216$3,851$3,516$3,207$2,924$1,868
10 years$3,756$3,395$3,065$2,765$2,492$1,500
11 years$3,380$3,022$2,698$2,406$2,143$1,214
12 years$3,066$2,713$2,395$2,111$1,857$989
13 years$2,801$2,451$2,140$1,863$1,619$809
14 years$2,574$2,228$1,922$1,654$1,420$665
15 years$2,378$2,036$1,736$1,475$1,250$548
16 years$2,206$1,868$1,574$1,321$1,105$453
17 years$2,055$1,720$1,432$1,187$979$375
18 years$1,921$1,589$1,307$1,069$871$311
19 years$1,800$1,473$1,197$966$776$258
20 years$1,693$1,369$1,098$875$693$215
21 years$1,595$1,275$1,010$794$620$179
22 years$1,506$1,190$931$722$556$149
23 years$1,426$1,113$860$658$499$124
24 years$1,352$1,043$795$600$449$103
25 years$1,284$979$736$548$404$86
26 years$1,221$920$683$501$364$72
27 years$1,164$866$634$459$328$60
28 years$1,110$816$590$420$296$50
29 years$1,060$770$549$385$267$42
30 years$1,014$727$511$354$241$35
31 years$970$687$476$325$218$29
32 years$930$650$445$298$197$24
33 years$892$616$415$274$179$20
34 years$856$583$388$252$162$17
35 years$823$553$363$232$147$14
36 years$791$525$339$214$133$12
37 years$761$499$317$197$120$10
38 years$733$474$297$182$109$8
39 years$706$451$279$168$99$7
40 years$681$429$261$155$90$6
41 years$657$408$245$143$81$5
42 years$634$389$230$132$74$4
43 years$612$370$215$122$67$3
44 years$592$353$202$112$61$3
45 years$572$337$190$104$55$2
46 years$553$321$178$96$50$2
47 years$535$307$168$88$46$2
48 years$518$293$157$82$41$1
49 years$502$279$148$76$38$1
50 years$486$267$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 $498,000, adding $2,509 every year, while hoping to spend $20,429 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: 49/21/30 Blend
53$498,000$498,000$498,000$498,000
54$551,384$524,990$517,271$573,584
55$585,889$528,978$512,863$593,439
56$623,229$532,477$507,623$612,796
57$663,671$535,441$501,501$633,438
58$707,509$537,822$494,446$655,498
59$755,068$539,568$486,403$679,123
60$806,703$540,625$477,315$704,474
61$862,804$540,933$467,123$731,732
62$923,804$540,433$455,765$761,097
63$990,174$539,056$443,176$792,789
64$1,062,437$536,735$429,287$827,054
65$1,141,166$533,395$414,028$864,162
66$1,226,991$528,958$397,325$904,415
67$1,320,608$523,340$379,098$948,146
68$1,422,780$516,454$359,268$995,721
69$1,534,348$508,205$337,749$1,047,549
70$1,656,240$498,496$314,452$1,104,080
71$1,789,475$487,220$289,284$1,165,813
72$1,935,174$474,267$262,148$1,233,300
73$2,094,575$459,519$232,943$1,307,152
74$2,269,039$442,853$201,563$1,388,042
75$2,460,063$424,135$167,898$1,476,717
76$2,669,299$403,227$131,832$1,574,001
77$2,898,563$379,981$93,245$1,680,807
78$3,149,858$354,241$52,010$1,798,141
79$3,425,388$325,843$7,996$1,927,118
80$3,727,580$294,612$0$2,068,967
81$4,059,110$260,364$0$2,237,523
82$4,422,921$222,905$0$2,425,354
83$4,822,260$182,028$0$2,631,605
84$5,260,699$137,516$0$2,858,157
85$5,742,177$89,140$0$3,107,085
86$6,271,028$36,658$0$3,380,677
87$6,852,032$0$0$3,681,456
88$7,490,452$0$0$4,016,868
89$8,192,084$0$0$4,394,859
90$8,963,318$0$0$4,810,406
91$9,811,190$0$0$5,267,307
92$10,743,454$0$0$5,769,749
93$11,768,652$0$0$6,322,343
94$12,896,195$0$0$6,930,171
95$14,136,452$0$0$7,598,829
96$15,500,849$0$0$8,334,487
97$17,001,971$0$0$9,143,940
98$18,653,690$0$0$10,034,676
99$20,471,285$0$0$11,014,946
100$22,471,596$0$0$12,093,840