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%19.9%
1 years$42,280$41,904$41,536$41,178$40,828$39,208
2 years$20,931$20,541$20,163$19,797$19,442$17,830
3 years$13,815$13,424$13,047$12,684$12,335$10,781
4 years$10,258$9,868$9,495$9,138$8,797$7,314
5 years$8,125$7,737$7,368$7,019$6,687$5,279
6 years$6,703$6,318$5,955$5,613$5,292$3,958
7 years$5,687$5,305$4,948$4,615$4,303$3,045
8 years$4,926$4,548$4,197$3,871$3,570$2,385
9 years$4,334$3,960$3,615$3,298$3,007$1,893
10 years$3,861$3,490$3,151$2,842$2,562$1,518
11 years$3,475$3,107$2,774$2,474$2,203$1,226
12 years$3,152$2,789$2,462$2,170$1,909$997
13 years$2,880$2,520$2,200$1,916$1,665$814
14 years$2,647$2,291$1,977$1,701$1,459$667
15 years$2,445$2,093$1,785$1,517$1,285$549
16 years$2,268$1,920$1,618$1,358$1,136$452
17 years$2,113$1,768$1,472$1,220$1,007$374
18 years$1,975$1,634$1,344$1,100$895$309
19 years$1,851$1,514$1,230$994$798$256
20 years$1,740$1,407$1,129$900$713$213
21 years$1,640$1,311$1,039$817$638$176
22 years$1,549$1,224$957$743$572$147
23 years$1,466$1,144$884$676$513$122
24 years$1,390$1,072$817$617$461$101
25 years$1,320$1,006$757$563$415$84
26 years$1,256$946$702$515$374$70
27 years$1,196$890$652$471$337$59
28 years$1,141$839$606$432$304$49
29 years$1,090$791$564$396$275$41
30 years$1,042$747$525$363$248$34
31 years$998$706$490$334$224$28
32 years$956$668$457$307$203$24
33 years$917$633$427$282$184$20
34 years$880$600$399$260$166$16
35 years$846$569$373$239$151$14
36 years$813$540$349$220$136$11
37 years$782$513$326$203$124$9
38 years$753$487$306$187$112$8
39 years$726$463$286$172$102$7
40 years$700$441$268$159$92$5
41 years$675$420$252$147$84$5
42 years$652$400$236$135$76$4
43 years$630$381$222$125$69$3
44 years$608$363$208$115$63$3
45 years$588$346$195$107$57$2
46 years$569$330$183$98$52$2
47 years$550$315$172$91$47$2
48 years$533$301$162$84$43$1
49 years$516$287$152$78$39$1
50 years$500$274$143$72$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $512,000, adding $5,014 every year, while hoping to spend $33,124 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: 64/23/13 Blend
53$512,000$512,000$512,000$512,000
54$569,396$542,260$534,324$603,785
55$592,231$533,587$516,980$618,737
56$616,284$523,379$497,945$630,771
57$641,646$511,525$477,127$643,094
58$668,414$497,910$454,431$655,734
59$696,694$482,409$429,756$668,723
60$726,601$464,892$402,997$682,096
61$758,262$445,219$374,045$695,895
62$791,816$423,246$342,787$710,166
63$827,413$398,817$309,102$724,964
64$865,218$371,767$272,866$740,347
65$905,411$341,925$233,948$756,385
66$948,190$309,107$192,212$773,153
67$993,771$273,119$147,517$790,739
68$1,042,391$233,757$99,714$809,240
69$1,094,308$190,804$48,648$828,767
70$1,149,808$144,033$0$849,443
71$1,209,200$93,203$0$872,217
72$1,272,827$38,058$0$903,690
73$1,341,063$0$0$937,304
74$1,414,318$0$0$978,766
75$1,493,045$0$0$1,033,701
76$1,577,737$0$0$1,092,824
77$1,668,939$0$0$1,156,519
78$1,767,247$0$0$1,225,207
79$1,873,317$0$0$1,299,348
80$1,987,868$0$0$1,379,450
81$2,111,694$0$0$1,466,071
82$2,245,663$0$0$1,559,824
83$2,390,732$0$0$1,661,382
84$2,547,953$0$0$1,771,487
85$2,718,481$0$0$1,890,953
86$2,903,588$0$0$2,020,676
87$3,104,672$0$0$2,161,641
88$3,323,272$0$0$2,314,932
89$3,561,080$0$0$2,481,742
90$3,819,957$0$0$2,663,384
91$4,101,952$0$0$2,861,301
92$4,409,321$0$0$3,077,083
93$4,744,544$0$0$3,312,478
94$5,110,351$0$0$3,569,412
95$5,509,750$0$0$3,850,003
96$5,946,049$0$0$4,156,584
97$6,422,891$0$0$4,491,725
98$6,944,287$0$0$4,858,251
99$7,514,652$0$0$5,259,277
100$8,138,850$0$0$5,698,230