Can I retire at age 54 with 512,000?

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 $512,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$42,280$41,904$41,536$41,178$40,828$39,824
2 years$20,931$20,541$20,163$19,797$19,442$18,437
3 years$13,815$13,424$13,047$12,684$12,335$11,360
4 years$10,258$9,868$9,495$9,138$8,797$7,860
5 years$8,125$7,737$7,368$7,019$6,687$5,791
6 years$6,703$6,318$5,955$5,613$5,292$4,436
7 years$5,687$5,305$4,948$4,615$4,303$3,489
8 years$4,926$4,548$4,197$3,871$3,570$2,797
9 years$4,334$3,960$3,615$3,298$3,007$2,273
10 years$3,861$3,490$3,151$2,842$2,562$1,868
11 years$3,475$3,107$2,774$2,474$2,203$1,548
12 years$3,152$2,789$2,462$2,170$1,909$1,291
13 years$2,880$2,520$2,200$1,916$1,665$1,083
14 years$2,647$2,291$1,977$1,701$1,459$912
15 years$2,445$2,093$1,785$1,517$1,285$771
16 years$2,268$1,920$1,618$1,358$1,136$654
17 years$2,113$1,768$1,472$1,220$1,007$556
18 years$1,975$1,634$1,344$1,100$895$473
19 years$1,851$1,514$1,230$994$798$404
20 years$1,740$1,407$1,129$900$713$345
21 years$1,640$1,311$1,039$817$638$295
22 years$1,549$1,224$957$743$572$253
23 years$1,466$1,144$884$676$513$217
24 years$1,390$1,072$817$617$461$186
25 years$1,320$1,006$757$563$415$160
26 years$1,256$946$702$515$374$137
27 years$1,196$890$652$471$337$118
28 years$1,141$839$606$432$304$101
29 years$1,090$791$564$396$275$87
30 years$1,042$747$525$363$248$75
31 years$998$706$490$334$224$65
32 years$956$668$457$307$203$56
33 years$917$633$427$282$184$48
34 years$880$600$399$260$166$41
35 years$846$569$373$239$151$36
36 years$813$540$349$220$136$31
37 years$782$513$326$203$124$26
38 years$753$487$306$187$112$23
39 years$726$463$286$172$102$20
40 years$700$441$268$159$92$17
41 years$675$420$252$147$84$15
42 years$652$400$236$135$76$13
43 years$630$381$222$125$69$11
44 years$608$363$208$115$63$9
45 years$588$346$195$107$57$8
46 years$569$330$183$98$52$7
47 years$550$315$172$91$47$6
48 years$533$301$162$84$43$5
49 years$516$287$152$78$39$4
50 years$500$274$143$72$35$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $512,000, adding $2,712 every year, while hoping to spend $38,140 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: 48/42/10 Blend
53$512,000$512,000$512,000$512,000
54$567,021$539,885$531,949$592,567
55$584,277$525,759$509,189$596,281
56$602,014$509,662$484,388$596,101
57$620,242$491,458$457,437$595,033
58$638,969$471,002$428,224$593,007
59$658,204$448,141$396,629$589,945
60$677,953$422,712$362,528$585,770
61$698,224$394,545$325,793$580,394
62$719,022$363,457$286,287$573,729
63$740,354$329,258$243,869$565,677
64$762,224$291,745$198,392$556,137
65$784,634$250,704$149,702$545,000
66$807,587$205,909$97,637$532,152
67$831,083$157,121$42,030$517,470
68$855,122$104,088$0$500,824
69$879,699$46,543$0$483,923
70$904,809$0$0$469,681
71$930,446$0$0$460,772
72$956,598$0$0$473,616
73$983,251$0$0$486,695
74$1,010,389$0$0$499,997
75$1,037,991$0$0$513,512
76$1,066,032$0$0$527,225
77$1,094,481$0$0$541,118
78$1,123,302$0$0$555,173
79$1,152,455$0$0$569,364
80$1,181,890$0$0$583,667
81$1,211,552$0$0$598,050
82$1,241,377$0$0$612,477
83$1,271,291$0$0$626,909
84$1,301,209$0$0$641,300
85$1,331,037$0$0$655,597
86$1,360,666$0$0$669,743
87$1,389,974$0$0$683,671
88$1,418,823$0$0$697,307
89$1,447,057$0$0$710,566
90$1,474,501$0$0$723,354
91$1,500,961$0$0$735,567
92$1,526,214$0$0$747,087
93$1,550,017$0$0$757,780
94$1,572,094$0$0$767,501
95$1,592,137$0$0$776,085
96$1,609,806$0$0$783,349
97$1,624,717$0$0$789,089
98$1,636,447$0$0$793,079
99$1,644,523$0$0$795,066
100$1,648,418$0$0$794,770