Can I retire at age 54 with 509,000?

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 $509,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$42,033$41,658$41,293$40,937$40,588$39,883
2 years$20,808$20,421$20,045$19,681$19,328$18,620
3 years$13,734$13,345$12,971$12,610$12,262$11,573
4 years$10,198$9,810$9,439$9,085$8,746$8,081
5 years$8,077$7,691$7,325$6,978$6,648$6,010
6 years$6,663$6,280$5,920$5,580$5,261$4,649
7 years$5,654$5,274$4,919$4,588$4,278$3,694
8 years$4,897$4,521$4,172$3,849$3,549$2,992
9 years$4,309$3,936$3,593$3,278$2,989$2,458
10 years$3,839$3,470$3,133$2,826$2,547$2,043
11 years$3,454$3,089$2,758$2,459$2,190$1,712
12 years$3,134$2,772$2,448$2,157$1,898$1,445
13 years$2,863$2,505$2,187$1,904$1,655$1,226
14 years$2,631$2,277$1,965$1,691$1,451$1,046
15 years$2,431$2,080$1,774$1,508$1,277$895
16 years$2,255$1,909$1,608$1,350$1,129$769
17 years$2,100$1,758$1,464$1,213$1,001$662
18 years$1,963$1,624$1,336$1,093$890$571
19 years$1,840$1,505$1,223$988$793$494
20 years$1,730$1,399$1,123$895$709$428
21 years$1,630$1,303$1,033$812$634$371
22 years$1,540$1,216$952$738$568$322
23 years$1,457$1,138$879$672$510$280
24 years$1,382$1,066$813$613$459$244
25 years$1,312$1,000$753$560$413$213
26 years$1,248$940$698$512$372$185
27 years$1,189$885$648$469$335$162
28 years$1,134$834$603$429$302$141
29 years$1,084$787$561$394$273$123
30 years$1,036$743$522$361$247$107
31 years$992$702$487$332$223$94
32 years$950$664$454$305$202$82
33 years$912$629$424$280$183$72
34 years$875$596$396$258$165$63
35 years$841$566$371$238$150$55
36 years$808$537$347$219$136$48
37 years$778$510$324$202$123$42
38 years$749$485$304$186$111$37
39 years$722$461$285$171$101$32
40 years$696$438$267$158$92$28
41 years$671$417$250$146$83$25
42 years$648$397$235$135$75$22
43 years$626$379$220$124$69$19
44 years$605$361$207$115$62$16
45 years$585$344$194$106$56$14
46 years$565$328$182$98$51$13
47 years$547$313$171$90$47$11
48 years$530$299$161$84$42$10
49 years$513$286$151$77$38$8
50 years$497$273$142$71$35$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $509,000, adding $2,049 every year, while hoping to spend $41,827 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: 26/49/25 Blend
53$509,000$509,000$509,000$509,000
54$563,032$536,055$528,165$573,197
55$575,957$517,818$501,355$563,346
56$588,799$497,285$472,245$549,033
57$601,505$474,301$440,714$532,797
58$614,016$448,698$406,634$514,505
59$626,264$420,303$369,875$494,011
60$638,174$388,929$330,297$471,165
61$649,662$354,381$287,757$445,803
62$660,634$316,451$242,102$417,754
63$670,982$274,922$193,177$386,834
64$680,590$229,560$140,815$352,847
65$689,324$180,123$84,847$315,587
66$697,038$126,351$25,092$274,831
67$703,566$67,973$0$230,345
68$708,727$4,701$0$192,195
69$712,316$0$0$157,610
70$714,106$0$0$154,045
71$713,848$0$0$152,378
72$711,260$0$0$149,994
73$706,033$0$0$146,802
74$697,824$0$0$142,701
75$686,249$0$0$137,582
76$670,888$0$0$131,321
77$651,271$0$0$123,782
78$626,879$0$0$114,814
79$597,139$0$0$104,252
80$561,414$0$0$91,910
81$519,001$0$0$77,586
82$469,122$0$0$61,055
83$410,917$0$0$42,067
84$343,434$0$0$20,349
85$265,622$0$0$0
86$176,318$0$0$0
87$74,239$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0