Can I retire at age 54 with 516,000?

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 $516,000?

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$42,611$42,231$41,861$41,499$41,147$40,649
2 years$21,094$20,702$20,321$19,952$19,594$19,093
3 years$13,923$13,529$13,149$12,783$12,431$11,943
4 years$10,338$9,945$9,569$9,210$8,866$8,394
5 years$8,188$7,797$7,426$7,074$6,740$6,285
6 years$6,755$6,367$6,001$5,657$5,333$4,896
7 years$5,732$5,347$4,987$4,651$4,337$3,919
8 years$4,965$4,583$4,229$3,902$3,598$3,198
9 years$4,368$3,991$3,643$3,323$3,030$2,648
10 years$3,891$3,517$3,176$2,865$2,582$2,218
11 years$3,502$3,131$2,796$2,493$2,220$1,874
12 years$3,177$2,811$2,481$2,187$1,924$1,594
13 years$2,903$2,540$2,217$1,931$1,678$1,365
14 years$2,668$2,309$1,992$1,714$1,471$1,174
15 years$2,464$2,109$1,798$1,528$1,295$1,014
16 years$2,286$1,935$1,631$1,369$1,145$879
17 years$2,129$1,782$1,484$1,230$1,015$764
18 years$1,990$1,647$1,354$1,108$902$665
19 years$1,866$1,526$1,240$1,001$804$581
20 years$1,754$1,418$1,138$907$718$508
21 years$1,653$1,321$1,047$823$643$445
22 years$1,561$1,233$965$748$576$390
23 years$1,477$1,153$891$682$517$343
24 years$1,401$1,081$824$622$465$301
25 years$1,330$1,014$763$568$418$265
26 years$1,266$953$708$519$377$234
27 years$1,206$897$657$475$340$206
28 years$1,150$845$611$435$307$182
29 years$1,098$797$568$399$277$160
30 years$1,050$753$529$366$250$141
31 years$1,005$712$494$336$226$125
32 years$963$674$461$309$205$110
33 years$924$638$430$284$185$97
34 years$887$605$402$262$168$86
35 years$852$573$376$241$152$76
36 years$820$544$351$222$138$67
37 years$789$517$329$204$125$60
38 years$759$491$308$188$113$53
39 years$732$467$289$174$102$47
40 years$705$444$270$160$93$41
41 years$681$423$254$148$84$36
42 years$657$403$238$136$77$32
43 years$634$384$223$126$69$29
44 years$613$366$210$116$63$25
45 years$593$349$197$107$57$22
46 years$573$333$185$99$52$20
47 years$555$318$174$92$47$18
48 years$537$303$163$85$43$16
49 years$520$290$153$78$39$14
50 years$504$277$144$72$35$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $516,000, adding $6,788 every year, while hoping to spend $29,029 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: 49/36/15 Blend
53$516,000$516,000$516,000$516,000
54$575,634$548,286$540,288$601,135
55$603,462$544,265$527,501$615,413
56$633,155$539,075$513,313$627,358
57$664,874$532,626$497,645$639,694
58$698,793$524,827$480,418$652,469
59$735,104$515,577$461,546$665,735
60$774,017$504,773$440,940$679,553
61$815,763$492,303$418,508$693,991
62$860,595$478,050$394,153$709,126
63$908,791$461,890$367,772$725,047
64$960,657$443,691$339,261$741,851
65$1,016,526$423,315$308,509$759,650
66$1,076,767$400,613$275,400$778,570
67$1,141,785$375,430$239,813$798,751
68$1,212,023$347,602$201,622$820,351
69$1,287,969$316,954$160,696$843,548
70$1,370,159$283,302$116,897$868,540
71$1,459,184$246,453$70,082$895,550
72$1,555,691$206,199$20,100$924,829
73$1,660,393$162,325$0$956,653
74$1,774,075$114,601$0$996,656
75$1,897,599$62,784$0$1,043,644
76$2,031,913$6,619$0$1,094,811
77$2,178,060$0$0$1,150,620
78$2,337,190$0$0$1,233,040
79$2,510,566$0$0$1,325,746
80$2,699,578$0$0$1,426,866
81$2,905,756$0$0$1,537,227
82$3,130,786$0$0$1,657,736
83$3,376,521$0$0$1,789,394
84$3,645,002$0$0$1,933,302
85$3,938,477$0$0$2,090,672
86$4,259,419$0$0$2,262,839
87$4,610,552$0$0$2,451,274
88$4,994,877$0$0$2,657,594
89$5,415,695$0$0$2,883,582
90$5,876,644$0$0$3,131,200
91$6,381,729$0$0$3,402,611
92$6,935,361$0$0$3,700,194
93$7,542,398$0$0$4,026,572
94$8,208,192$0$0$4,384,633
95$8,938,635$0$0$4,777,557
96$9,740,219$0$0$5,208,850
97$10,620,096$0$0$5,682,369
98$11,586,140$0$0$6,202,367
99$12,647,029$0$0$6,773,527
100$13,812,320$0$0$7,401,010