Can I retire at age 54 with 504,000?

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 $504,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$41,620$41,249$40,887$40,534$40,190$38,888
2 years$20,604$20,220$19,848$19,488$19,138$17,838
3 years$13,599$13,214$12,843$12,486$12,142$10,886
4 years$10,098$9,714$9,347$8,995$8,660$7,456
5 years$7,998$7,616$7,253$6,909$6,583$5,436
6 years$6,598$6,219$5,862$5,525$5,209$4,119
7 years$5,598$5,223$4,871$4,543$4,236$3,203
8 years$4,849$4,477$4,131$3,811$3,514$2,537
9 years$4,267$3,898$3,558$3,246$2,960$2,038
10 years$3,801$3,436$3,102$2,798$2,522$1,653
11 years$3,420$3,059$2,731$2,435$2,169$1,352
12 years$3,103$2,745$2,424$2,136$1,879$1,113
13 years$2,835$2,481$2,165$1,886$1,639$921
14 years$2,605$2,255$1,946$1,674$1,437$765
15 years$2,407$2,060$1,757$1,493$1,265$638
16 years$2,233$1,890$1,593$1,337$1,118$533
17 years$2,080$1,741$1,449$1,201$991$447
18 years$1,944$1,608$1,323$1,082$881$375
19 years$1,822$1,491$1,211$978$786$315
20 years$1,713$1,385$1,112$886$702$265
21 years$1,614$1,290$1,022$804$628$223
22 years$1,525$1,204$942$731$563$188
23 years$1,443$1,126$870$666$505$159
24 years$1,368$1,055$805$607$454$134
25 years$1,299$990$745$554$409$114
26 years$1,236$931$691$507$368$96
27 years$1,178$876$642$464$332$81
28 years$1,123$826$597$425$299$69
29 years$1,073$779$555$390$270$58
30 years$1,026$735$517$358$244$49
31 years$982$695$482$329$221$42
32 years$941$658$450$302$200$35
33 years$903$623$420$278$181$30
34 years$866$590$392$256$164$25
35 years$832$560$367$235$148$21
36 years$800$532$343$217$134$18
37 years$770$505$321$200$122$15
38 years$742$480$301$184$110$13
39 years$715$456$282$170$100$11
40 years$689$434$264$156$91$9
41 years$665$413$248$144$82$8
42 years$642$394$232$133$75$7
43 years$620$375$218$123$68$6
44 years$599$357$205$114$62$5
45 years$579$341$192$105$56$4
46 years$560$325$181$97$51$3
47 years$542$310$170$89$46$3
48 years$524$296$159$83$42$2
49 years$508$283$150$76$38$2
50 years$492$270$141$71$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $504,000, adding $4,982 every year, while hoping to spend $36,904 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: 49/24/27 Blend
53$504,000$504,000$504,000$504,000
54$560,547$533,835$526,023$583,503
55$578,457$520,727$504,379$586,977
56$596,957$505,740$480,773$586,695
57$616,069$488,743$455,101$585,662
58$635,813$469,598$427,253$583,826
59$656,215$448,156$397,114$581,130
60$677,297$424,264$364,565$577,515
61$699,085$397,756$329,482$572,919
62$721,605$368,460$291,733$567,276
63$744,886$336,192$251,183$560,517
64$768,956$300,757$207,690$552,569
65$793,846$261,951$161,104$543,356
66$819,589$219,557$111,272$532,797
67$846,218$173,346$58,030$520,808
68$873,768$123,076$1,210$507,300
69$902,277$68,491$0$492,180
70$931,784$9,323$0$492,471
71$962,332$0$0$492,434
72$993,965$0$0$506,118
73$1,026,728$0$0$522,845
74$1,060,672$0$0$540,180
75$1,095,848$0$0$558,149
76$1,132,312$0$0$576,781
77$1,170,123$0$0$596,107
78$1,209,344$0$0$616,159
79$1,250,041$0$0$636,974
80$1,292,286$0$0$658,587
81$1,336,154$0$0$681,040
82$1,381,726$0$0$704,374
83$1,429,089$0$0$728,634
84$1,478,336$0$0$753,870
85$1,529,565$0$0$780,134
86$1,582,884$0$0$807,483
87$1,638,406$0$0$835,975
88$1,696,254$0$0$865,677
89$1,756,561$0$0$896,659
90$1,819,469$0$0$928,994
91$1,885,131$0$0$962,766
92$1,953,714$0$0$998,061
93$2,025,395$0$0$1,034,975
94$2,100,368$0$0$1,073,610
95$2,178,843$0$0$1,114,078
96$2,261,045$0$0$1,156,498
97$2,347,221$0$0$1,201,002
98$2,437,637$0$0$1,247,732
99$2,532,582$0$0$1,296,841
100$2,632,369$0$0$1,348,497