Can I retire at age 54 with 517,000?

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 $517,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$42,693$42,313$41,942$41,580$41,226$40,510
2 years$21,135$20,742$20,360$19,990$19,632$18,912
3 years$13,950$13,555$13,174$12,808$12,455$11,755
4 years$10,358$9,964$9,588$9,227$8,883$8,208
5 years$8,204$7,812$7,440$7,088$6,753$6,104
6 years$6,768$6,379$6,013$5,668$5,343$4,722
7 years$5,743$5,357$4,997$4,660$4,345$3,752
8 years$4,974$4,592$4,238$3,909$3,605$3,039
9 years$4,377$3,998$3,650$3,330$3,036$2,497
10 years$3,899$3,524$3,182$2,870$2,587$2,075
11 years$3,508$3,137$2,801$2,498$2,225$1,739
12 years$3,183$2,816$2,486$2,191$1,928$1,467
13 years$2,908$2,545$2,221$1,934$1,681$1,245
14 years$2,673$2,313$1,996$1,717$1,474$1,062
15 years$2,469$2,113$1,802$1,531$1,298$909
16 years$2,291$1,939$1,634$1,371$1,147$781
17 years$2,133$1,786$1,487$1,232$1,017$672
18 years$1,994$1,650$1,357$1,110$904$580
19 years$1,869$1,529$1,242$1,003$806$502
20 years$1,757$1,421$1,140$909$720$435
21 years$1,656$1,324$1,049$825$644$377
22 years$1,564$1,235$967$750$577$328
23 years$1,480$1,156$892$683$518$285
24 years$1,403$1,083$825$623$466$248
25 years$1,333$1,016$764$569$419$216
26 years$1,268$955$709$520$378$188
27 years$1,208$899$658$476$340$164
28 years$1,152$847$612$436$307$143
29 years$1,101$799$570$400$277$125
30 years$1,052$754$531$367$251$109
31 years$1,007$713$495$337$227$95
32 years$965$675$461$310$205$83
33 years$926$639$431$285$185$73
34 years$889$606$403$262$168$64
35 years$854$574$376$241$152$56
36 years$821$545$352$222$138$49
37 years$790$518$330$205$125$43
38 years$761$492$309$189$113$37
39 years$733$468$289$174$103$33
40 years$707$445$271$161$93$29
41 years$682$424$254$148$85$25
42 years$658$404$238$137$77$22
43 years$636$385$224$126$70$19
44 years$614$367$210$116$63$17
45 years$594$350$197$108$57$15
46 years$574$334$185$99$52$13
47 years$556$318$174$92$47$11
48 years$538$304$163$85$43$10
49 years$521$290$154$78$39$9
50 years$505$277$144$72$35$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $517,000, adding $6,688 every year, while hoping to spend $24,591 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: 75/11/14 Blend
53$517,000$517,000$517,000$517,000
54$576,633$549,232$541,218$617,674
55$609,285$549,979$533,184$646,448
56$644,443$549,940$524,057$674,252
57$682,337$549,048$513,774$704,054
58$723,219$547,235$502,270$736,046
59$767,367$544,429$489,475$770,438
60$815,085$540,553$475,319$807,462
61$866,708$535,524$459,726$847,375
62$922,604$529,256$442,619$890,460
63$983,177$521,657$423,914$937,029
64$1,048,872$512,629$403,526$987,426
65$1,120,178$502,069$381,365$1,042,030
66$1,197,634$489,868$357,339$1,101,260
67$1,281,831$475,910$331,348$1,165,578
68$1,373,420$460,072$303,291$1,235,493
69$1,473,118$442,225$273,060$1,311,566
70$1,581,713$422,230$240,544$1,394,418
71$1,700,072$399,944$205,627$1,484,732
72$1,829,150$375,212$168,186$1,583,261
73$1,969,997$347,872$128,094$1,690,836
74$2,123,771$317,751$85,219$1,808,376
75$2,291,744$284,669$39,422$1,936,890
76$2,475,317$248,434$0$2,077,495
77$2,676,034$208,842$0$2,232,832
78$2,895,594$165,679$0$2,409,223
79$3,135,867$118,720$0$2,602,292
80$3,398,912$67,724$0$2,813,714
81$3,686,999$12,440$0$3,045,335
82$4,002,625$0$0$3,299,187
83$4,348,540$0$0$3,583,250
84$4,727,775$0$0$3,896,347
85$5,143,665$0$0$4,239,729
86$5,599,887$0$0$4,616,433
87$6,100,487$0$0$5,029,806
88$6,649,926$0$0$5,483,531
89$7,253,113$0$0$5,981,667
90$7,915,460$0$0$6,528,686
91$8,642,926$0$0$7,129,514
92$9,442,076$0$0$7,789,574
93$10,320,143$0$0$8,514,846
94$11,285,094$0$0$9,311,914
95$12,345,708$0$0$10,188,032
96$13,511,655$0$0$11,151,193
97$14,793,589$0$0$12,210,201
98$16,203,248$0$0$13,374,759
99$17,753,565$0$0$14,655,553
100$19,458,789$0$0$16,064,360