Can I retire at age 54 with 513,000?

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 $513,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$42,363$41,986$41,618$41,258$40,907$40,514
2 years$20,972$20,581$20,203$19,836$19,480$19,083
3 years$13,842$13,450$13,072$12,709$12,359$11,972
4 years$10,278$9,887$9,513$9,156$8,814$8,440
5 years$8,140$7,752$7,383$7,033$6,701$6,339
6 years$6,716$6,330$5,966$5,624$5,302$4,955
7 years$5,698$5,316$4,958$4,624$4,312$3,979
8 years$4,936$4,557$4,205$3,879$3,577$3,258
9 years$4,343$3,967$3,622$3,304$3,012$2,707
10 years$3,869$3,497$3,157$2,848$2,567$2,275
11 years$3,481$3,113$2,780$2,479$2,207$1,930
12 years$3,159$2,794$2,467$2,174$1,913$1,648
13 years$2,886$2,525$2,204$1,919$1,668$1,417
14 years$2,652$2,295$1,980$1,704$1,462$1,223
15 years$2,450$2,097$1,788$1,520$1,288$1,061
16 years$2,273$1,924$1,621$1,361$1,138$923
17 years$2,117$1,772$1,475$1,222$1,009$806
18 years$1,978$1,637$1,347$1,102$897$705
19 years$1,855$1,517$1,233$995$800$618
20 years$1,744$1,410$1,131$902$714$543
21 years$1,643$1,313$1,041$818$639$478
22 years$1,552$1,226$959$744$573$421
23 years$1,469$1,147$886$678$514$372
24 years$1,393$1,074$819$618$462$328
25 years$1,323$1,008$759$564$416$290
26 years$1,258$948$704$516$375$257
27 years$1,199$892$653$472$338$227
28 years$1,143$840$607$433$305$201
29 years$1,092$793$565$397$275$179
30 years$1,044$749$526$364$249$158
31 years$1,000$708$491$334$225$141
32 years$958$670$458$307$203$125
33 years$919$634$428$283$184$111
34 years$882$601$399$260$167$98
35 years$847$570$373$239$151$87
36 years$815$541$349$221$137$78
37 years$784$514$327$203$124$69
38 years$755$488$306$187$112$61
39 years$727$464$287$173$102$55
40 years$701$442$269$159$92$49
41 years$677$421$252$147$84$43
42 years$653$401$237$136$76$38
43 years$631$382$222$125$69$34
44 years$610$364$208$116$63$30
45 years$589$347$196$107$57$27
46 years$570$331$184$99$52$24
47 years$551$316$173$91$47$21
48 years$534$301$162$84$43$19
49 years$517$288$152$78$39$17
50 years$501$275$143$72$35$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $513,000, adding $5,291 every year, while hoping to spend $40,866 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: 34/38/28 Blend
53$513,000$513,000$513,000$513,000
54$570,784$543,595$535,643$585,211
55$585,522$526,750$510,106$579,696
56$600,395$507,710$482,344$569,731
57$615,372$486,324$452,239$558,195
58$630,419$462,433$419,668$544,975
59$645,497$435,868$384,503$529,953
60$660,564$406,451$346,609$513,004
61$675,567$373,993$305,846$493,991
62$690,451$338,295$262,068$472,773
63$705,151$299,146$215,122$449,197
64$719,596$256,323$164,848$423,100
65$733,703$209,591$111,079$394,312
66$747,382$158,702$53,641$362,647
67$760,529$103,393$0$327,910
68$773,030$43,386$0$292,181
69$784,756$0$0$270,201
70$795,564$0$0$254,787
71$805,294$0$0$257,068
72$813,766$0$0$258,836
73$820,782$0$0$260,013
74$826,119$0$0$260,517
75$829,533$0$0$260,252
76$830,747$0$0$259,114
77$829,459$0$0$256,988
78$825,329$0$0$253,747
79$817,983$0$0$249,246
80$807,004$0$0$243,330
81$791,931$0$0$235,823
82$772,254$0$0$226,532
83$747,405$0$0$215,243
84$716,757$0$0$201,718
85$679,616$0$0$185,697
86$635,215$0$0$166,889
87$582,702$0$0$144,974
88$521,137$0$0$119,596
89$449,482$0$0$90,365
90$366,586$0$0$56,847
91$271,179$0$0$18,564
92$161,858$0$0$0
93$37,071$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0