Can I retire at age 54 with 507,000?

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 $507,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$41,868$41,495$41,131$40,776$40,429$40,023
2 years$20,727$20,341$19,966$19,604$19,252$18,843
3 years$13,680$13,293$12,920$12,560$12,214$11,815
4 years$10,158$9,772$9,402$9,049$8,711$8,325
5 years$8,045$7,661$7,296$6,950$6,622$6,250
6 years$6,637$6,256$5,897$5,558$5,240$4,882
7 years$5,632$5,254$4,900$4,570$4,261$3,918
8 years$4,878$4,503$4,156$3,834$3,535$3,207
9 years$4,292$3,921$3,579$3,265$2,977$2,663
10 years$3,824$3,456$3,121$2,815$2,537$2,237
11 years$3,441$3,077$2,747$2,450$2,182$1,896
12 years$3,122$2,762$2,438$2,149$1,891$1,619
13 years$2,852$2,496$2,178$1,897$1,649$1,390
14 years$2,621$2,268$1,957$1,684$1,445$1,200
15 years$2,421$2,072$1,767$1,502$1,272$1,040
16 years$2,246$1,901$1,602$1,345$1,125$904
17 years$2,092$1,751$1,458$1,208$997$788
18 years$1,955$1,618$1,331$1,089$887$689
19 years$1,833$1,500$1,218$984$790$604
20 years$1,723$1,393$1,118$891$706$530
21 years$1,624$1,298$1,028$809$632$466
22 years$1,534$1,212$948$735$566$411
23 years$1,451$1,133$875$670$508$362
24 years$1,376$1,062$809$611$457$319
25 years$1,307$996$750$558$411$282
26 years$1,243$936$695$510$370$250
27 years$1,185$881$646$467$334$221
28 years$1,130$830$600$428$301$195
29 years$1,079$783$559$392$272$173
30 years$1,032$740$520$360$246$153
31 years$988$699$485$331$222$136
32 years$947$662$453$304$201$121
33 years$908$627$423$279$182$107
34 years$872$594$395$257$165$95
35 years$837$563$369$237$149$84
36 years$805$535$345$218$135$75
37 years$775$508$323$201$122$67
38 years$746$483$303$185$111$59
39 years$719$459$284$171$101$53
40 years$693$437$266$157$91$47
41 years$669$416$249$145$83$41
42 years$645$396$234$134$75$37
43 years$623$377$219$124$68$33
44 years$602$360$206$114$62$29
45 years$582$343$193$105$56$26
46 years$563$327$182$97$51$23
47 years$545$312$171$90$46$20
48 years$528$298$160$83$42$18
49 years$511$285$151$77$38$16
50 years$495$272$142$71$35$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $507,000, adding $3,582 every year, while hoping to spend $30,482 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: 59/27/14 Blend
53$507,000$507,000$507,000$507,000
54$562,409$535,538$527,679$593,409
55$587,342$529,347$512,924$608,553
56$613,797$521,830$496,653$621,350
57$641,896$512,892$478,783$634,584
58$671,774$502,429$459,227$648,302
59$703,579$490,331$437,894$662,556
60$737,471$476,485$414,691$677,403
61$773,627$460,767$389,517$692,910
62$812,241$443,048$362,270$709,151
63$853,523$423,191$332,840$726,209
64$897,708$401,053$301,115$744,179
65$945,048$376,479$266,977$763,164
66$995,824$349,307$230,302$783,285
67$1,050,343$319,367$190,961$804,672
68$1,108,940$286,478$148,820$827,473
69$1,171,985$250,449$103,739$851,856
70$1,239,883$211,077$55,570$878,004
71$1,313,080$168,149$4,161$906,126
72$1,392,065$121,439$0$936,451
73$1,477,376$70,710$0$976,813
74$1,569,604$15,710$0$1,021,081
75$1,669,396$0$0$1,068,979
76$1,777,468$0$0$1,133,913
77$1,894,604$0$0$1,209,387
78$2,021,666$0$0$1,291,293
79$2,159,604$0$0$1,380,248
80$2,309,461$0$0$1,476,930
81$2,472,385$0$0$1,582,084
82$2,649,639$0$0$1,696,531
83$2,842,613$0$0$1,821,173
84$3,052,835$0$0$1,957,003
85$3,281,989$0$0$2,105,116
86$3,531,926$0$0$2,266,714
87$3,804,685$0$0$2,443,121
88$4,102,508$0$0$2,635,796
89$4,427,867$0$0$2,846,344
90$4,783,480$0$0$3,076,530
91$5,172,341$0$0$3,328,301
92$5,597,745$0$0$3,603,799
93$6,063,321$0$0$3,905,382
94$6,573,067$0$0$4,235,647
95$7,131,382$0$0$4,597,454
96$7,743,113$0$0$4,993,954
97$8,413,597$0$0$5,428,614
98$9,148,712$0$0$5,905,257
99$9,954,932$0$0$6,428,089
100$10,839,388$0$0$7,001,745