Can I retire at age 54 with 500,000?

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 $500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$41,290$40,922$40,563$40,213$39,871$39,146
2 years$20,440$20,060$19,691$19,333$18,986$18,258
3 years$13,492$13,109$12,741$12,387$12,046$11,338
4 years$10,018$9,637$9,272$8,924$8,591$7,908
5 years$7,934$7,555$7,196$6,855$6,531$5,875
6 years$6,545$6,169$5,815$5,482$5,168$4,540
7 years$5,554$5,181$4,832$4,507$4,203$3,603
8 years$4,811$4,441$4,098$3,781$3,486$2,915
9 years$4,233$3,867$3,530$3,220$2,936$2,393
10 years$3,771$3,408$3,077$2,776$2,502$1,985
11 years$3,393$3,034$2,709$2,416$2,152$1,662
12 years$3,079$2,723$2,404$2,119$1,864$1,401
13 years$2,813$2,461$2,148$1,871$1,626$1,187
14 years$2,585$2,237$1,930$1,661$1,425$1,011
15 years$2,388$2,044$1,743$1,481$1,255$864
16 years$2,215$1,875$1,580$1,326$1,109$741
17 years$2,063$1,727$1,438$1,191$983$637
18 years$1,928$1,596$1,312$1,074$874$549
19 years$1,808$1,479$1,202$970$779$474
20 years$1,699$1,374$1,103$879$696$410
21 years$1,601$1,280$1,014$798$623$355
22 years$1,512$1,195$935$725$558$308
23 years$1,431$1,118$863$660$501$268
24 years$1,357$1,047$798$602$451$232
25 years$1,289$983$739$550$405$202
26 years$1,226$923$686$503$365$176
27 years$1,168$869$637$460$329$153
28 years$1,114$819$592$422$297$133
29 years$1,064$773$551$387$268$116
30 years$1,018$730$513$355$242$101
31 years$974$690$478$326$219$88
32 years$934$653$446$300$198$77
33 years$895$618$417$276$179$67
34 years$860$586$389$254$162$59
35 years$826$556$364$233$147$51
36 years$794$527$341$215$133$45
37 years$764$501$319$198$121$39
38 years$736$476$298$183$110$34
39 years$709$453$280$168$99$30
40 years$684$431$262$155$90$26
41 years$659$410$246$143$82$23
42 years$637$390$231$132$74$20
43 years$615$372$216$122$67$17
44 years$594$355$203$113$61$15
45 years$574$338$191$104$55$13
46 years$555$323$179$96$50$12
47 years$538$308$168$89$46$10
48 years$520$294$158$82$42$9
49 years$504$281$149$76$38$8
50 years$488$268$140$70$34$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $500,000, adding $5,162 every year, while hoping to spend $25,482 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: 55/34/11 Blend
53$500,000$500,000$500,000$500,000
54$556,325$529,825$522,075$585,101
55$585,957$528,673$512,451$604,036
56$617,758$526,612$501,652$621,413
57$651,922$523,568$489,610$639,732
58$688,661$519,466$476,255$659,088
59$728,211$514,227$461,516$679,587
60$770,828$507,763$445,316$701,344
61$816,795$499,986$427,577$724,490
62$866,421$490,799$408,214$749,169
63$920,049$480,100$387,141$775,542
64$978,051$467,783$364,268$803,788
65$1,040,841$453,733$339,500$834,104
66$1,108,871$437,830$312,737$866,712
67$1,182,639$419,946$283,877$901,855
68$1,262,692$399,947$252,811$939,805
69$1,349,632$377,690$219,425$980,864
70$1,444,122$353,024$183,603$1,025,365
71$1,546,889$325,790$145,221$1,073,679
72$1,658,736$295,818$104,151$1,126,218
73$1,780,545$262,931$60,257$1,183,438
74$1,913,285$226,939$13,401$1,245,842
75$2,058,026$187,644$0$1,313,992
76$2,215,942$144,836$0$1,392,803
77$2,388,327$98,293$0$1,480,624
78$2,576,606$47,778$0$1,576,661
79$2,782,346$0$0$1,681,775
80$3,007,275$0$0$1,799,520
81$3,253,291$0$0$1,947,900
82$3,522,488$0$0$2,110,307
83$3,817,170$0$0$2,288,136
84$4,139,875$0$0$2,482,926
85$4,493,396$0$0$2,696,368
86$4,880,810$0$0$2,930,327
87$5,305,508$0$0$3,186,856
88$5,771,220$0$0$3,468,217
89$6,282,058$0$0$3,776,900
90$6,842,550$0$0$4,115,648
91$7,457,684$0$0$4,487,485
92$8,132,953$0$0$4,895,738
93$8,874,408$0$0$5,344,074
94$9,688,717$0$0$5,836,534
95$10,583,223$0$0$6,377,566
96$11,566,015$0$0$6,972,073
97$12,646,007$0$0$7,625,456
98$13,833,015$0$0$8,343,664
99$15,137,857$0$0$9,133,253
100$16,572,451$0$0$10,001,443