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%17.2%
1 years$41,620$41,249$40,887$40,534$40,190$39,013
2 years$20,604$20,220$19,848$19,488$19,138$17,962
3 years$13,599$13,214$12,843$12,486$12,142$11,003
4 years$10,098$9,714$9,347$8,995$8,660$7,567
5 years$7,998$7,616$7,253$6,909$6,583$5,540
6 years$6,598$6,219$5,862$5,525$5,209$4,216
7 years$5,598$5,223$4,871$4,543$4,236$3,294
8 years$4,849$4,477$4,131$3,811$3,514$2,621
9 years$4,267$3,898$3,558$3,246$2,960$2,115
10 years$3,801$3,436$3,102$2,798$2,522$1,725
11 years$3,420$3,059$2,731$2,435$2,169$1,418
12 years$3,103$2,745$2,424$2,136$1,879$1,174
13 years$2,835$2,481$2,165$1,886$1,639$977
14 years$2,605$2,255$1,946$1,674$1,437$816
15 years$2,407$2,060$1,757$1,493$1,265$684
16 years$2,233$1,890$1,593$1,337$1,118$575
17 years$2,080$1,741$1,449$1,201$991$484
18 years$1,944$1,608$1,323$1,082$881$409
19 years$1,822$1,491$1,211$978$786$346
20 years$1,713$1,385$1,112$886$702$293
21 years$1,614$1,290$1,022$804$628$248
22 years$1,525$1,204$942$731$563$211
23 years$1,443$1,126$870$666$505$179
24 years$1,368$1,055$805$607$454$152
25 years$1,299$990$745$554$409$129
26 years$1,236$931$691$507$368$110
27 years$1,178$876$642$464$332$94
28 years$1,123$826$597$425$299$80
29 years$1,073$779$555$390$270$68
30 years$1,026$735$517$358$244$58
31 years$982$695$482$329$221$49
32 years$941$658$450$302$200$42
33 years$903$623$420$278$181$36
34 years$866$590$392$256$164$31
35 years$832$560$367$235$148$26
36 years$800$532$343$217$134$22
37 years$770$505$321$200$122$19
38 years$742$480$301$184$110$16
39 years$715$456$282$170$100$14
40 years$689$434$264$156$91$12
41 years$665$413$248$144$82$10
42 years$642$394$232$133$75$9
43 years$620$375$218$123$68$7
44 years$599$357$205$114$62$6
45 years$579$341$192$105$56$5
46 years$560$325$181$97$51$5
47 years$542$310$170$89$46$4
48 years$524$296$159$83$42$3
49 years$508$283$150$76$38$3
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 $6,236 every year, while hoping to spend $29,332 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: 57/30/13 Blend
53$504,000$504,000$504,000$504,000
54$561,840$535,128$527,316$591,670
55$587,939$530,141$513,773$607,580
56$615,717$523,925$498,792$621,136
57$645,314$516,392$482,295$635,218
58$676,884$507,443$464,200$649,882
59$710,595$496,976$444,419$665,189
60$746,631$484,884$422,864$681,209
61$785,196$471,051$399,437$698,021
62$826,510$455,357$374,042$715,712
63$870,816$437,672$346,575$734,381
64$918,382$417,860$316,928$754,138
65$969,499$395,778$284,988$775,107
66$1,024,491$371,274$250,637$797,426
67$1,083,708$344,185$213,753$821,250
68$1,147,540$314,344$174,207$846,751
69$1,216,411$281,569$131,865$874,122
70$1,290,789$245,670$86,587$903,578
71$1,371,188$206,446$38,226$935,360
72$1,458,173$163,686$0$969,735
73$1,552,366$117,166$0$1,008,857
74$1,654,448$66,647$0$1,056,983
75$1,765,170$11,881$0$1,109,196
76$1,885,357$0$0$1,165,931
77$2,015,919$0$0$1,243,318
78$2,157,852$0$0$1,331,749
79$2,312,256$0$0$1,427,991
80$2,480,341$0$0$1,532,802
81$2,663,435$0$0$1,647,017
82$2,863,003$0$0$1,771,555
83$3,080,656$0$0$1,907,427
84$3,318,166$0$0$2,055,745
85$3,577,486$0$0$2,217,736
86$3,860,765$0$0$2,394,747
87$4,170,366$0$0$2,588,264
88$4,508,894$0$0$2,799,921
89$4,879,216$0$0$3,031,518
90$5,284,490$0$0$3,285,037
91$5,728,190$0$0$3,562,661
92$6,214,146$0$0$3,866,792
93$6,746,572$0$0$4,200,079
94$7,330,110$0$0$4,565,435
95$7,969,875$0$0$4,966,071
96$8,671,496$0$0$5,405,523
97$9,441,176$0$0$5,887,686
98$10,285,747$0$0$6,416,850
99$11,212,734$0$0$6,997,741
100$12,230,426$0$0$7,635,563