Can I retire at age 54 with 499,000?

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 $499,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$41,207$40,840$40,482$40,132$39,791$38,908
2 years$20,399$20,020$19,651$19,294$18,948$18,063
3 years$13,465$13,083$12,716$12,362$12,021$11,162
4 years$9,998$9,617$9,254$8,906$8,574$7,747
5 years$7,918$7,540$7,181$6,841$6,518$5,725
6 years$6,532$6,157$5,804$5,471$5,157$4,400
7 years$5,543$5,171$4,823$4,498$4,194$3,473
8 years$4,801$4,432$4,090$3,773$3,479$2,793
9 years$4,224$3,859$3,523$3,214$2,930$2,279
10 years$3,763$3,402$3,071$2,770$2,497$1,879
11 years$3,386$3,028$2,704$2,411$2,147$1,563
12 years$3,072$2,718$2,400$2,115$1,861$1,309
13 years$2,807$2,456$2,144$1,867$1,623$1,102
14 years$2,580$2,233$1,926$1,657$1,422$932
15 years$2,383$2,040$1,739$1,478$1,252$791
16 years$2,211$1,871$1,577$1,323$1,107$674
17 years$2,059$1,723$1,435$1,189$981$575
18 years$1,924$1,592$1,310$1,072$873$492
19 years$1,804$1,476$1,199$968$778$422
20 years$1,696$1,371$1,100$877$695$362
21 years$1,598$1,277$1,012$796$622$311
22 years$1,509$1,192$933$724$557$268
23 years$1,429$1,115$861$659$500$231
24 years$1,355$1,045$797$601$450$199
25 years$1,286$981$738$549$405$172
26 years$1,224$922$684$502$364$148
27 years$1,166$867$635$459$329$128
28 years$1,112$817$591$421$296$111
29 years$1,062$771$550$386$268$96
30 years$1,016$728$512$354$242$83
31 years$972$688$477$325$219$72
32 years$932$651$445$299$198$62
33 years$894$617$416$275$179$54
34 years$858$585$389$253$162$46
35 years$824$554$363$233$147$40
36 years$793$526$340$214$133$35
37 years$763$500$318$198$121$30
38 years$734$475$298$182$109$26
39 years$708$452$279$168$99$23
40 years$682$430$262$155$90$20
41 years$658$409$245$143$82$17
42 years$635$390$230$132$74$15
43 years$614$371$216$122$67$13
44 years$593$354$203$112$61$11
45 years$573$337$190$104$55$10
46 years$554$322$179$96$50$8
47 years$536$307$168$89$46$7
48 years$519$293$158$82$41$6
49 years$503$280$148$76$38$5
50 years$487$268$139$70$34$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $499,000, adding $6,309 every year, while hoping to spend $29,379 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: 47/28/25 Blend
53$499,000$499,000$499,000$499,000
54$556,406$529,959$522,224$578,318
55$581,900$524,668$508,460$589,057
56$609,010$518,133$493,249$597,318
57$637,870$510,262$476,514$605,701
58$668,626$500,958$458,170$614,232
59$701,438$490,117$438,131$622,940
60$736,482$477,630$416,306$631,863
61$773,951$463,382$392,600$641,040
62$814,056$447,249$366,914$650,519
63$857,027$429,103$339,144$660,357
64$903,121$408,805$309,181$670,615
65$952,614$386,211$276,914$681,368
66$1,005,812$361,168$242,222$692,696
67$1,063,052$333,512$204,984$704,695
68$1,124,702$303,072$165,069$717,472
69$1,191,166$269,667$122,344$731,149
70$1,262,890$233,106$76,667$745,864
71$1,340,361$193,185$27,892$761,771
72$1,424,117$149,690$0$779,048
73$1,514,749$102,396$0$804,336
74$1,612,903$51,064$0$839,773
75$1,719,295$0$0$878,205
76$1,834,707$0$0$921,366
77$1,960,003$0$0$985,352
78$2,096,131$0$0$1,054,919
79$2,244,135$0$0$1,130,607
80$2,405,162$0$0$1,213,010
81$2,580,477$0$0$1,302,782
82$2,771,467$0$0$1,400,640
83$2,979,664$0$0$1,507,377
84$3,206,751$0$0$1,623,863
85$3,454,580$0$0$1,751,057
86$3,725,190$0$0$1,890,014
87$4,020,828$0$0$2,041,895
88$4,343,964$0$0$2,207,979
89$4,697,320$0$0$2,389,676
90$5,083,892$0$0$2,588,534
91$5,506,979$0$0$2,806,262
92$5,970,214$0$0$3,044,740
93$6,477,596$0$0$3,306,039
94$7,033,531$0$0$3,592,437
95$7,642,872$0$0$3,906,448
96$8,310,960$0$0$4,250,837
97$9,043,682$0$0$4,628,650
98$9,847,519$0$0$5,043,243
99$10,729,611$0$0$5,498,312
100$11,697,822$0$0$5,997,930