Can I retire at age 54 with 509,000?

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 $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%15.1%
1 years$42,033$41,658$41,293$40,937$40,588$39,736
2 years$20,808$20,421$20,045$19,681$19,328$18,473
3 years$13,734$13,345$12,971$12,610$12,262$11,432
4 years$10,198$9,810$9,439$9,085$8,746$7,946
5 years$8,077$7,691$7,325$6,978$6,648$5,882
6 years$6,663$6,280$5,920$5,580$5,261$4,528
7 years$5,654$5,274$4,919$4,588$4,278$3,580
8 years$4,897$4,521$4,172$3,849$3,549$2,884
9 years$4,309$3,936$3,593$3,278$2,989$2,357
10 years$3,839$3,470$3,133$2,826$2,547$1,948
11 years$3,454$3,089$2,758$2,459$2,190$1,623
12 years$3,134$2,772$2,448$2,157$1,898$1,362
13 years$2,863$2,505$2,187$1,904$1,655$1,149
14 years$2,631$2,277$1,965$1,691$1,451$974
15 years$2,431$2,080$1,774$1,508$1,277$828
16 years$2,255$1,909$1,608$1,350$1,129$707
17 years$2,100$1,758$1,464$1,213$1,001$605
18 years$1,963$1,624$1,336$1,093$890$519
19 years$1,840$1,505$1,223$988$793$445
20 years$1,730$1,399$1,123$895$709$383
21 years$1,630$1,303$1,033$812$634$330
22 years$1,540$1,216$952$738$568$285
23 years$1,457$1,138$879$672$510$246
24 years$1,382$1,066$813$613$459$213
25 years$1,312$1,000$753$560$413$184
26 years$1,248$940$698$512$372$159
27 years$1,189$885$648$469$335$138
28 years$1,134$834$603$429$302$119
29 years$1,084$787$561$394$273$103
30 years$1,036$743$522$361$247$90
31 years$992$702$487$332$223$78
32 years$950$664$454$305$202$67
33 years$912$629$424$280$183$58
34 years$875$596$396$258$165$51
35 years$841$566$371$238$150$44
36 years$808$537$347$219$136$38
37 years$778$510$324$202$123$33
38 years$749$485$304$186$111$29
39 years$722$461$285$171$101$25
40 years$696$438$267$158$92$22
41 years$671$417$250$146$83$19
42 years$648$397$235$135$75$16
43 years$626$379$220$124$69$14
44 years$605$361$207$115$62$12
45 years$585$344$194$106$56$11
46 years$565$328$182$98$51$9
47 years$547$313$171$90$47$8
48 years$530$299$161$84$42$7
49 years$513$286$151$77$38$6
50 years$497$273$142$71$35$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $509,000, adding $2,065 every year, while hoping to spend $37,537 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: 44/30/26 Blend
53$509,000$509,000$509,000$509,000
54$563,048$536,071$528,182$583,494
55$580,540$522,399$505,937$584,569
56$598,558$506,800$481,688$581,966
57$617,116$489,138$455,330$578,413
58$636,228$469,273$426,750$573,840
59$655,909$447,053$395,832$568,176
60$676,174$422,320$362,454$561,347
61$697,036$394,906$326,489$553,272
62$718,510$364,633$287,803$543,866
63$740,612$331,314$246,258$533,040
64$763,356$294,750$201,709$520,701
65$786,757$254,731$154,005$506,749
66$810,829$211,036$102,987$491,078
67$835,587$163,430$48,491$473,578
68$861,045$111,666$0$454,132
69$887,217$55,483$0$435,297
70$914,116$0$0$428,792
71$941,755$0$0$422,846
72$970,147$0$0$435,549
73$999,304$0$0$448,588
74$1,029,237$0$0$461,969
75$1,059,954$0$0$475,695
76$1,091,465$0$0$489,769
77$1,123,777$0$0$504,194
78$1,156,897$0$0$518,971
79$1,190,826$0$0$534,100
80$1,225,569$0$0$549,582
81$1,261,123$0$0$565,414
82$1,297,486$0$0$581,594
83$1,334,652$0$0$598,118
84$1,372,610$0$0$614,979
85$1,411,348$0$0$632,169
86$1,450,847$0$0$649,678
87$1,491,084$0$0$667,493
88$1,532,032$0$0$685,599
89$1,573,655$0$0$703,978
90$1,615,912$0$0$722,608
91$1,658,755$0$0$741,462
92$1,702,125$0$0$760,512
93$1,745,955$0$0$779,723
94$1,790,168$0$0$799,055
95$1,834,673$0$0$818,463
96$1,879,369$0$0$837,894
97$1,924,136$0$0$857,289
98$1,968,841$0$0$876,582
99$2,013,332$0$0$895,695
100$2,057,437$0$0$914,544