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%11.3%
1 years$42,033$41,658$41,293$40,937$40,588$40,366
2 years$20,808$20,421$20,045$19,681$19,328$19,104
3 years$13,734$13,345$12,971$12,610$12,262$12,043
4 years$10,198$9,810$9,439$9,085$8,746$8,533
5 years$8,077$7,691$7,325$6,978$6,648$6,443
6 years$6,663$6,280$5,920$5,580$5,261$5,063
7 years$5,654$5,274$4,919$4,588$4,278$4,088
8 years$4,897$4,521$4,172$3,849$3,549$3,367
9 years$4,309$3,936$3,593$3,278$2,989$2,814
10 years$3,839$3,470$3,133$2,826$2,547$2,379
11 years$3,454$3,089$2,758$2,459$2,190$2,030
12 years$3,134$2,772$2,448$2,157$1,898$1,745
13 years$2,863$2,505$2,187$1,904$1,655$1,509
14 years$2,631$2,277$1,965$1,691$1,451$1,312
15 years$2,431$2,080$1,774$1,508$1,277$1,145
16 years$2,255$1,909$1,608$1,350$1,129$1,004
17 years$2,100$1,758$1,464$1,213$1,001$882
18 years$1,963$1,624$1,336$1,093$890$777
19 years$1,840$1,505$1,223$988$793$686
20 years$1,730$1,399$1,123$895$709$607
21 years$1,630$1,303$1,033$812$634$538
22 years$1,540$1,216$952$738$568$478
23 years$1,457$1,138$879$672$510$425
24 years$1,382$1,066$813$613$459$378
25 years$1,312$1,000$753$560$413$337
26 years$1,248$940$698$512$372$301
27 years$1,189$885$648$469$335$268
28 years$1,134$834$603$429$302$240
29 years$1,084$787$561$394$273$214
30 years$1,036$743$522$361$247$191
31 years$992$702$487$332$223$171
32 years$950$664$454$305$202$153
33 years$912$629$424$280$183$137
34 years$875$596$396$258$165$123
35 years$841$566$371$238$150$110
36 years$808$537$347$219$136$99
37 years$778$510$324$202$123$89
38 years$749$485$304$186$111$79
39 years$722$461$285$171$101$71
40 years$696$438$267$158$92$64
41 years$671$417$250$146$83$57
42 years$648$397$235$135$75$51
43 years$626$379$220$124$69$46
44 years$605$361$207$115$62$41
45 years$585$344$194$106$56$37
46 years$565$328$182$98$51$33
47 years$547$313$171$90$47$30
48 years$530$299$161$84$42$27
49 years$513$286$151$77$38$24
50 years$497$273$142$71$35$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $509,000, adding $2,614 every year, while hoping to spend $34,101 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: 34/50/16 Blend
53$509,000$509,000$509,000$509,000
54$563,614$536,637$528,748$579,901
55$584,820$526,649$510,178$582,053
56$607,045$515,029$489,843$580,996
57$630,359$501,660$467,647$579,125
58$654,834$486,421$443,492$576,387
59$680,552$469,180$417,274$572,725
60$707,599$449,800$388,883$568,084
61$736,070$428,137$358,207$562,402
62$766,069$404,035$325,126$555,619
63$797,707$377,332$289,517$547,671
64$831,108$347,855$251,250$538,492
65$866,404$315,424$210,191$528,015
66$903,742$279,845$166,197$516,169
67$943,282$240,915$119,123$502,884
68$985,196$198,419$68,812$488,087
69$1,029,675$152,130$15,106$471,704
70$1,076,926$101,809$0$453,658
71$1,127,177$47,202$0$441,080
72$1,180,676$0$0$429,906
73$1,237,696$0$0$424,089
74$1,298,534$0$0$445,635
75$1,363,518$0$0$468,695
76$1,433,005$0$0$493,401
77$1,507,387$0$0$519,900
78$1,587,095$0$0$548,351
79$1,672,601$0$0$578,930
80$1,764,423$0$0$611,829
81$1,863,128$0$0$647,260
82$1,969,342$0$0$685,456
83$2,083,749$0$0$726,670
84$2,207,103$0$0$771,185
85$2,340,228$0$0$819,308
86$2,484,035$0$0$871,377
87$2,639,520$0$0$927,765
88$2,807,781$0$0$988,881
89$2,990,025$0$0$1,055,176
90$3,187,577$0$0$1,127,143
91$3,401,895$0$0$1,205,327
92$3,634,583$0$0$1,290,328
93$3,887,404$0$0$1,382,803
94$4,162,299$0$0$1,483,479
95$4,461,402$0$0$1,593,151
96$4,787,062$0$0$1,712,698
97$5,141,864$0$0$1,843,086
98$5,528,650$0$0$1,985,378
99$5,950,552$0$0$2,140,744
100$6,411,013$0$0$2,310,473