Can I retire at age 54 with 502,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.2%
1 years$41,455$41,085$40,725$40,374$40,030$38,702
2 years$20,522$20,140$19,770$19,410$19,062$17,737
3 years$13,546$13,162$12,792$12,436$12,094$10,813
4 years$10,058$9,675$9,309$8,960$8,625$7,399
5 years$7,966$7,585$7,224$6,882$6,557$5,388
6 years$6,572$6,194$5,838$5,504$5,188$4,078
7 years$5,576$5,202$4,852$4,525$4,219$3,168
8 years$4,830$4,459$4,115$3,796$3,500$2,507
9 years$4,250$3,882$3,544$3,233$2,948$2,010
10 years$3,786$3,422$3,090$2,787$2,512$1,629
11 years$3,407$3,046$2,720$2,425$2,160$1,331
12 years$3,091$2,734$2,414$2,127$1,872$1,094
13 years$2,824$2,471$2,157$1,878$1,632$904
14 years$2,595$2,246$1,938$1,667$1,431$750
15 years$2,397$2,052$1,750$1,487$1,260$624
16 years$2,224$1,883$1,586$1,331$1,114$521
17 years$2,071$1,734$1,443$1,196$987$436
18 years$1,936$1,602$1,318$1,078$878$365
19 years$1,815$1,485$1,206$974$782$307
20 years$1,706$1,380$1,107$882$699$258
21 years$1,608$1,285$1,018$801$625$217
22 years$1,519$1,200$939$728$561$183
23 years$1,437$1,122$867$663$503$154
24 years$1,363$1,051$801$605$452$130
25 years$1,294$987$742$552$407$109
26 years$1,231$927$688$505$367$92
27 years$1,173$873$639$462$331$78
28 years$1,119$822$594$423$298$66
29 years$1,069$776$553$388$269$56
30 years$1,022$733$515$356$243$47
31 years$978$693$480$327$220$40
32 years$937$655$448$301$199$34
33 years$899$621$418$277$180$28
34 years$863$588$391$255$163$24
35 years$829$558$365$234$148$20
36 years$797$529$342$216$134$17
37 years$767$503$320$199$121$15
38 years$739$478$300$183$110$12
39 years$712$454$281$169$100$10
40 years$686$432$263$156$90$9
41 years$662$412$247$144$82$7
42 years$639$392$231$133$74$6
43 years$617$373$217$122$68$5
44 years$596$356$204$113$61$4
45 years$577$339$191$104$56$4
46 years$558$324$180$96$51$3
47 years$540$309$169$89$46$3
48 years$522$295$159$82$42$2
49 years$506$282$149$76$38$2
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 $3,636 every year, while hoping to spend $38,982 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: 68/9/23 Blend
53$502,000$502,000$502,000$502,000
54$556,955$530,349$522,568$591,341
55$572,287$514,859$498,597$599,355
56$587,878$497,304$472,517$603,288
57$603,710$477,541$444,216$606,669
58$619,768$455,420$413,576$609,443
59$636,030$430,781$380,476$611,552
60$652,471$403,455$344,788$612,930
61$669,063$373,265$306,379$613,508
62$685,775$340,022$265,109$613,210
63$702,567$303,526$220,834$611,956
64$719,398$263,568$173,401$609,657
65$736,218$219,925$122,652$606,219
66$752,973$172,362$68,421$601,538
67$769,599$120,630$10,536$595,503
68$786,025$64,468$0$587,993
69$802,171$3,598$0$591,452
70$817,948$0$0$596,740
71$833,253$0$0$607,331
72$847,973$0$0$617,824
73$861,981$0$0$627,766
74$875,135$0$0$637,051
75$887,275$0$0$645,558
76$898,224$0$0$653,154
77$907,784$0$0$659,690
78$915,734$0$0$664,999
79$921,829$0$0$668,898
80$925,795$0$0$671,181
81$927,329$0$0$671,620
82$926,093$0$0$669,960
83$921,713$0$0$665,921
84$913,772$0$0$659,190
85$901,810$0$0$649,421
86$885,315$0$0$636,230
87$863,720$0$0$619,191
88$836,398$0$0$597,834
89$802,653$0$0$571,635
90$761,715$0$0$540,019
91$712,734$0$0$502,344
92$654,767$0$0$457,906
93$586,770$0$0$405,920
94$507,593$0$0$345,524
95$415,960$0$0$275,760
96$310,463$0$0$195,573
97$189,546$0$0$103,794
98$51,489$0$0$0
99$0$0$0$0
100$0$0$0$0