Can I retire at age 54 with 502,000?

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 $502,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$41,455$41,085$40,725$40,374$40,030$38,858
2 years$20,522$20,140$19,770$19,410$19,062$17,890
3 years$13,546$13,162$12,792$12,436$12,094$10,959
4 years$10,058$9,675$9,309$8,960$8,625$7,537
5 years$7,966$7,585$7,224$6,882$6,557$5,518
6 years$6,572$6,194$5,838$5,504$5,188$4,199
7 years$5,576$5,202$4,852$4,525$4,219$3,281
8 years$4,830$4,459$4,115$3,796$3,500$2,611
9 years$4,250$3,882$3,544$3,233$2,948$2,107
10 years$3,786$3,422$3,090$2,787$2,512$1,718
11 years$3,407$3,046$2,720$2,425$2,160$1,413
12 years$3,091$2,734$2,414$2,127$1,872$1,169
13 years$2,824$2,471$2,157$1,878$1,632$973
14 years$2,595$2,246$1,938$1,667$1,431$813
15 years$2,397$2,052$1,750$1,487$1,260$681
16 years$2,224$1,883$1,586$1,331$1,114$573
17 years$2,071$1,734$1,443$1,196$987$483
18 years$1,936$1,602$1,318$1,078$878$407
19 years$1,815$1,485$1,206$974$782$345
20 years$1,706$1,380$1,107$882$699$292
21 years$1,608$1,285$1,018$801$625$247
22 years$1,519$1,200$939$728$561$210
23 years$1,437$1,122$867$663$503$178
24 years$1,363$1,051$801$605$452$152
25 years$1,294$987$742$552$407$129
26 years$1,231$927$688$505$367$110
27 years$1,173$873$639$462$331$93
28 years$1,119$822$594$423$298$79
29 years$1,069$776$553$388$269$68
30 years$1,022$733$515$356$243$58
31 years$978$693$480$327$220$49
32 years$937$655$448$301$199$42
33 years$899$621$418$277$180$36
34 years$863$588$391$255$163$30
35 years$829$558$365$234$148$26
36 years$797$529$342$216$134$22
37 years$767$503$320$199$121$19
38 years$739$478$300$183$110$16
39 years$712$454$281$169$100$14
40 years$686$432$263$156$90$12
41 years$662$412$247$144$82$10
42 years$639$392$231$133$74$9
43 years$617$373$217$122$68$7
44 years$596$356$204$113$61$6
45 years$577$339$191$104$56$5
46 years$558$324$180$96$51$5
47 years$540$309$169$89$46$4
48 years$522$295$159$82$42$3
49 years$506$282$149$76$38$3
50 years$490$269$140$70$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $502,000, adding $3,185 every year, while hoping to spend $28,763 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: 59/21/20 Blend
53$502,000$502,000$502,000$502,000
54$556,489$529,883$522,102$586,211
55$582,648$525,244$508,989$602,102
56$610,510$519,413$494,473$616,007
57$640,220$512,303$478,475$630,527
58$671,935$503,818$460,917$645,728
59$705,826$493,859$441,712$661,682
60$742,084$482,321$420,772$678,470
61$780,913$469,092$398,005$696,183
62$822,543$454,054$373,314$714,923
63$867,220$437,081$346,599$734,802
64$915,220$418,040$317,752$755,949
65$966,840$396,793$286,666$778,504
66$1,022,412$373,189$253,223$802,625
67$1,082,296$347,074$217,304$828,487
68$1,146,889$318,279$178,783$856,287
69$1,216,629$286,632$137,528$886,243
70$1,291,993$251,945$93,404$918,596
71$1,373,510$214,023$46,266$953,618
72$1,461,758$172,661$0$991,608
73$1,557,373$127,638$0$1,033,763
74$1,661,057$78,724$0$1,090,182
75$1,773,579$25,675$0$1,151,431
76$1,895,786$0$0$1,218,001
77$2,028,609$0$0$1,297,780
78$2,173,072$0$0$1,391,040
79$2,330,304$0$0$1,492,581
80$2,501,543$0$0$1,603,207
81$2,688,156$0$0$1,723,807
82$2,891,644$0$0$1,855,356
83$3,113,661$0$0$1,998,928
84$3,356,027$0$0$2,155,705
85$3,620,743$0$0$2,326,990
86$3,910,017$0$0$2,514,215
87$4,226,275$0$0$2,718,957
88$4,572,191$0$0$2,942,955
89$4,950,708$0$0$3,188,121
90$5,365,066$0$0$3,456,560
91$5,818,834$0$0$3,750,592
92$6,315,943$0$0$4,072,772
93$6,860,719$0$0$4,425,913
94$7,457,930$0$0$4,813,112
95$8,112,825$0$0$5,237,781
96$8,831,187$0$0$5,703,679
97$9,619,383$0$0$6,214,946
98$10,484,428$0$0$6,776,140
99$11,434,050$0$0$7,392,286
100$12,476,761$0$0$8,068,915