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%19.7%
1 years$42,611$42,231$41,861$41,499$41,147$39,545
2 years$21,094$20,702$20,321$19,952$19,594$18,000
3 years$13,923$13,529$13,149$12,783$12,431$10,895
4 years$10,338$9,945$9,569$9,210$8,866$7,399
5 years$8,188$7,797$7,426$7,074$6,740$5,346
6 years$6,755$6,367$6,001$5,657$5,333$4,013
7 years$5,732$5,347$4,987$4,651$4,337$3,090
8 years$4,965$4,583$4,229$3,902$3,598$2,423
9 years$4,368$3,991$3,643$3,323$3,030$1,926
10 years$3,891$3,517$3,176$2,865$2,582$1,546
11 years$3,502$3,131$2,796$2,493$2,220$1,251
12 years$3,177$2,811$2,481$2,187$1,924$1,018
13 years$2,903$2,540$2,217$1,931$1,678$833
14 years$2,668$2,309$1,992$1,714$1,471$684
15 years$2,464$2,109$1,798$1,528$1,295$563
16 years$2,286$1,935$1,631$1,369$1,145$465
17 years$2,129$1,782$1,484$1,230$1,015$384
18 years$1,990$1,647$1,354$1,108$902$319
19 years$1,866$1,526$1,240$1,001$804$264
20 years$1,754$1,418$1,138$907$718$220
21 years$1,653$1,321$1,047$823$643$183
22 years$1,561$1,233$965$748$576$152
23 years$1,477$1,153$891$682$517$127
24 years$1,401$1,081$824$622$465$105
25 years$1,330$1,014$763$568$418$88
26 years$1,266$953$708$519$377$73
27 years$1,206$897$657$475$340$61
28 years$1,150$845$611$435$307$51
29 years$1,098$797$568$399$277$43
30 years$1,050$753$529$366$250$36
31 years$1,005$712$494$336$226$30
32 years$963$674$461$309$205$25
33 years$924$638$430$284$185$21
34 years$887$605$402$262$168$17
35 years$852$573$376$241$152$14
36 years$820$544$351$222$138$12
37 years$789$517$329$204$125$10
38 years$759$491$308$188$113$8
39 years$732$467$289$174$102$7
40 years$705$444$270$160$93$6
41 years$681$423$254$148$84$5
42 years$657$403$238$136$77$4
43 years$634$384$223$126$69$3
44 years$613$366$210$116$63$3
45 years$593$349$197$107$57$2
46 years$573$333$185$99$52$2
47 years$555$318$174$92$47$2
48 years$537$303$163$85$43$1
49 years$520$290$153$78$39$1
50 years$504$277$144$72$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $516,000, adding $4,118 every year, while hoping to spend $33,479 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: 65/10/25 Blend
53$516,000$516,000$516,000$516,000
54$572,880$545,532$537,534$606,127
55$595,692$536,641$519,920$620,157
56$619,709$526,193$500,594$631,360
57$645,019$514,076$479,463$642,850
58$671,716$500,171$456,430$654,659
59$699,904$484,353$431,394$666,821
60$729,698$466,490$404,249$679,376
61$761,221$446,441$374,885$692,369
62$794,607$424,058$343,185$705,853
63$830,004$399,184$309,029$719,885
64$867,574$371,654$272,291$734,530
65$907,493$341,291$232,839$749,863
66$949,953$307,910$190,535$765,967
67$995,166$271,316$145,235$782,936
68$1,043,362$231,300$96,791$800,874
69$1,094,796$187,644$45,043$819,900
70$1,149,743$140,117$0$840,145
71$1,208,508$88,474$0$864,474
72$1,271,425$32,458$0$903,336
73$1,338,858$0$0$944,934
74$1,411,208$0$0$992,631
75$1,488,915$0$0$1,047,718
76$1,572,461$0$0$1,106,971
77$1,662,377$0$0$1,170,767
78$1,759,245$0$0$1,239,524
79$1,863,703$0$0$1,313,698
80$1,976,455$0$0$1,393,791
81$2,098,270$0$0$1,480,356
82$2,229,997$0$0$1,573,999
83$2,372,568$0$0$1,675,388
84$2,527,007$0$0$1,785,254
85$2,694,441$0$0$1,904,404
86$2,876,108$0$0$2,033,725
87$3,073,371$0$0$2,174,192
88$3,287,727$0$0$2,326,876
89$3,520,825$0$0$2,492,958
90$3,774,477$0$0$2,673,736
91$4,050,681$0$0$2,870,638
92$4,351,629$0$0$3,085,235
93$4,679,740$0$0$3,319,258
94$5,037,672$0$0$3,574,610
95$5,428,351$0$0$3,853,387
96$5,855,001$0$0$4,157,895
97$6,321,166$0$0$4,490,674
98$6,830,753$0$0$4,854,520
99$7,388,059$0$0$5,252,510
100$7,997,819$0$0$5,688,035