Can I retire at age 54 with 517,000?

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 $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%12.2%
1 years$42,693$42,313$41,942$41,580$41,226$40,847
2 years$21,135$20,742$20,360$19,990$19,632$19,249
3 years$13,950$13,555$13,174$12,808$12,455$12,082
4 years$10,358$9,964$9,588$9,227$8,883$8,522
5 years$8,204$7,812$7,440$7,088$6,753$6,404
6 years$6,768$6,379$6,013$5,668$5,343$5,008
7 years$5,743$5,357$4,997$4,660$4,345$4,024
8 years$4,974$4,592$4,238$3,909$3,605$3,297
9 years$4,377$3,998$3,650$3,330$3,036$2,741
10 years$3,899$3,524$3,182$2,870$2,587$2,305
11 years$3,508$3,137$2,801$2,498$2,225$1,956
12 years$3,183$2,816$2,486$2,191$1,928$1,672
13 years$2,908$2,545$2,221$1,934$1,681$1,438
14 years$2,673$2,313$1,996$1,717$1,474$1,242
15 years$2,469$2,113$1,802$1,531$1,298$1,078
16 years$2,291$1,939$1,634$1,371$1,147$939
17 years$2,133$1,786$1,487$1,232$1,017$820
18 years$1,994$1,650$1,357$1,110$904$718
19 years$1,869$1,529$1,242$1,003$806$630
20 years$1,757$1,421$1,140$909$720$554
21 years$1,656$1,324$1,049$825$644$488
22 years$1,564$1,235$967$750$577$430
23 years$1,480$1,156$892$683$518$380
24 years$1,403$1,083$825$623$466$336
25 years$1,333$1,016$764$569$419$297
26 years$1,268$955$709$520$378$263
27 years$1,208$899$658$476$340$233
28 years$1,152$847$612$436$307$207
29 years$1,101$799$570$400$277$183
30 years$1,052$754$531$367$251$163
31 years$1,007$713$495$337$227$145
32 years$965$675$461$310$205$128
33 years$926$639$431$285$185$114
34 years$889$606$403$262$168$102
35 years$854$574$376$241$152$90
36 years$821$545$352$222$138$80
37 years$790$518$330$205$125$71
38 years$761$492$309$189$113$64
39 years$733$468$289$174$103$57
40 years$707$445$271$161$93$50
41 years$682$424$254$148$85$45
42 years$658$404$238$137$77$40
43 years$636$385$224$126$70$36
44 years$614$367$210$116$63$32
45 years$594$350$197$108$57$28
46 years$574$334$185$99$52$25
47 years$556$318$174$92$47$22
48 years$538$304$163$85$43$20
49 years$521$290$154$78$39$18
50 years$505$277$144$72$35$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $517,000, adding $2,741 every year, while hoping to spend $24,508 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: 27/45/28 Blend
53$517,000$517,000$517,000$517,000
54$572,561$545,160$537,147$582,976
55$604,886$545,797$529,065$592,260
56$639,687$545,643$519,891$599,936
57$677,190$544,635$509,562$607,679
58$717,644$542,703$498,014$615,514
59$761,324$539,775$485,177$623,466
60$808,528$535,773$470,980$631,569
61$859,589$530,617$455,348$639,860
62$914,868$524,218$438,203$648,385
63$974,765$516,485$419,463$657,193
64$1,039,719$507,321$399,043$666,347
65$1,110,212$496,621$376,853$675,913
66$1,186,775$484,278$352,799$685,972
67$1,269,993$470,174$326,785$696,615
68$1,360,507$454,187$298,707$707,945
69$1,459,024$436,187$268,459$720,081
70$1,566,321$416,038$235,929$733,156
71$1,683,256$393,593$201,002$747,323
72$1,810,768$368,700$163,556$762,756
73$1,949,895$341,194$123,464$779,648
74$2,101,777$310,906$80,593$798,220
75$2,267,671$277,653$34,805$818,720
76$2,448,958$241,243$0$841,427
77$2,647,162$201,473$0$870,855
78$2,863,956$158,130$0$914,525
79$3,101,188$110,986$0$962,471
80$3,360,888$59,804$0$1,015,183
81$3,645,295$4,330$0$1,073,208
82$3,956,870$0$0$1,137,152
83$4,298,329$0$0$1,235,273
84$4,672,659$0$0$1,345,276
85$5,083,152$0$0$1,465,995
86$5,533,432$0$0$1,598,509
87$6,027,493$0$0$1,744,002
88$6,569,731$0$0$1,903,783
89$7,164,992$0$0$2,079,292
90$7,818,612$0$0$2,272,114
91$8,536,470$0$0$2,483,996
92$9,325,039$0$0$2,716,865
93$10,191,456$0$0$2,972,841
94$11,143,577$0$0$3,254,260
95$12,190,061$0$0$3,563,697
96$13,340,447$0$0$3,903,988
97$14,605,243$0$0$4,278,257
98$15,996,026$0$0$4,689,948
99$17,525,552$0$0$5,142,854
100$19,207,875$0$0$5,641,153