Can I retire at age 54 with 510,000?

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 $510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$42,115$41,740$41,374$41,017$40,668$40,177
2 years$20,849$20,461$20,085$19,720$19,366$18,871
3 years$13,761$13,371$12,996$12,635$12,286$11,804
4 years$10,218$9,829$9,458$9,103$8,763$8,296
5 years$8,093$7,706$7,340$6,992$6,661$6,212
6 years$6,676$6,293$5,932$5,591$5,271$4,840
7 years$5,665$5,285$4,929$4,597$4,287$3,873
8 years$4,907$4,530$4,180$3,856$3,556$3,161
9 years$4,317$3,944$3,600$3,285$2,995$2,617
10 years$3,846$3,477$3,139$2,831$2,552$2,192
11 years$3,461$3,095$2,764$2,464$2,195$1,852
12 years$3,140$2,778$2,453$2,161$1,902$1,576
13 years$2,869$2,510$2,191$1,908$1,658$1,349
14 years$2,637$2,282$1,969$1,694$1,454$1,160
15 years$2,435$2,085$1,778$1,511$1,280$1,002
16 years$2,259$1,913$1,612$1,353$1,131$868
17 years$2,104$1,761$1,466$1,215$1,003$755
18 years$1,967$1,628$1,339$1,095$892$658
19 years$1,844$1,508$1,226$990$795$574
20 years$1,733$1,402$1,125$896$710$502
21 years$1,633$1,306$1,035$813$635$440
22 years$1,543$1,219$953$740$570$386
23 years$1,460$1,140$880$674$511$339
24 years$1,384$1,068$814$614$460$298
25 years$1,315$1,002$754$561$414$262
26 years$1,251$942$699$513$372$231
27 years$1,192$887$649$470$336$203
28 years$1,137$835$604$430$303$179
29 years$1,086$788$562$395$274$158
30 years$1,038$744$523$362$247$140
31 years$994$704$488$333$224$123
32 years$952$666$455$306$202$109
33 years$913$630$425$281$183$96
34 years$877$598$397$259$166$85
35 years$842$567$371$238$150$75
36 years$810$538$347$219$136$67
37 years$779$511$325$202$123$59
38 years$751$486$304$186$112$52
39 years$723$462$285$172$101$46
40 years$697$439$267$158$92$41
41 years$673$418$251$146$83$36
42 years$649$398$235$135$76$32
43 years$627$379$221$124$69$28
44 years$606$362$207$115$62$25
45 years$586$345$194$106$57$22
46 years$567$329$183$98$51$20
47 years$548$314$172$91$47$17
48 years$531$300$161$84$42$15
49 years$514$286$152$77$38$14
50 years$498$273$143$71$35$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $510,000, adding $4,825 every year, while hoping to spend $20,641 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: 79/13/8 Blend
53$510,000$510,000$510,000$510,000
54$566,997$539,967$532,062$610,796
55$602,869$544,464$527,924$644,711
56$641,708$548,489$522,956$678,724
57$683,795$551,997$517,108$715,423
58$729,438$554,942$510,328$755,066
59$778,979$557,271$502,561$797,938
60$832,789$558,932$493,751$844,353
61$891,280$559,866$483,838$894,654
62$954,903$560,013$472,760$949,222
63$1,024,157$559,307$460,451$1,008,476
64$1,099,588$557,680$446,843$1,072,877
65$1,181,798$555,058$431,865$1,142,934
66$1,271,451$551,365$415,441$1,219,207
67$1,369,275$546,518$397,494$1,302,313
68$1,476,073$540,430$377,943$1,392,932
69$1,592,729$533,008$356,701$1,491,816
70$1,720,217$524,155$333,679$1,599,788
71$1,859,607$513,766$308,785$1,717,762
72$2,012,078$501,731$281,921$1,846,740
73$2,178,929$487,935$252,984$1,987,828
74$2,361,589$472,254$221,869$2,142,246
75$2,561,634$454,557$188,465$2,311,338
76$2,780,798$434,707$152,655$2,496,585
77$3,020,989$412,558$114,318$2,699,619
78$3,284,311$387,954$73,329$2,922,241
79$3,573,080$360,733$29,555$3,166,432
80$3,889,847$330,722$0$3,434,380
81$4,237,422$297,738$0$3,729,959
82$4,618,901$261,589$0$4,057,148
83$5,037,692$222,070$0$4,416,361
84$5,497,551$178,966$0$4,810,838
85$6,002,615$132,049$0$5,244,151
86$6,557,441$81,080$0$5,720,233
87$7,167,051$25,803$0$6,243,422
88$7,836,974$0$0$6,818,495
89$8,573,305$0$0$7,455,589
90$9,382,755$0$0$8,160,023
91$10,272,721$0$0$8,934,544
92$11,251,350$0$0$9,786,246
93$12,327,621$0$0$10,722,944
94$13,511,423$0$0$11,753,247
95$14,813,653$0$0$12,886,643
96$16,246,320$0$0$14,133,584
97$17,822,651$0$0$15,505,587
98$19,557,222$0$0$17,015,341
99$21,466,095$0$0$18,676,828
100$23,566,965$0$0$20,505,453