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%16.8%
1 years$42,693$42,313$41,942$41,580$41,226$40,083
2 years$21,135$20,742$20,360$19,990$19,632$18,489
3 years$13,950$13,555$13,174$12,808$12,455$11,348
4 years$10,358$9,964$9,588$9,227$8,883$7,820
5 years$8,204$7,812$7,440$7,088$6,753$5,737
6 years$6,768$6,379$6,013$5,668$5,343$4,376
7 years$5,743$5,357$4,997$4,660$4,345$3,426
8 years$4,974$4,592$4,238$3,909$3,605$2,733
9 years$4,377$3,998$3,650$3,330$3,036$2,211
10 years$3,899$3,524$3,182$2,870$2,587$1,808
11 years$3,508$3,137$2,801$2,498$2,225$1,490
12 years$3,183$2,816$2,486$2,191$1,928$1,236
13 years$2,908$2,545$2,221$1,934$1,681$1,031
14 years$2,673$2,313$1,996$1,717$1,474$864
15 years$2,469$2,113$1,802$1,531$1,298$726
16 years$2,291$1,939$1,634$1,371$1,147$612
17 years$2,133$1,786$1,487$1,232$1,017$517
18 years$1,994$1,650$1,357$1,110$904$438
19 years$1,869$1,529$1,242$1,003$806$372
20 years$1,757$1,421$1,140$909$720$316
21 years$1,656$1,324$1,049$825$644$269
22 years$1,564$1,235$967$750$577$229
23 years$1,480$1,156$892$683$518$195
24 years$1,403$1,083$825$623$466$166
25 years$1,333$1,016$764$569$419$142
26 years$1,268$955$709$520$378$121
27 years$1,208$899$658$476$340$103
28 years$1,152$847$612$436$307$88
29 years$1,101$799$570$400$277$75
30 years$1,052$754$531$367$251$64
31 years$1,007$713$495$337$227$55
32 years$965$675$461$310$205$47
33 years$926$639$431$285$185$40
34 years$889$606$403$262$168$34
35 years$854$574$376$241$152$29
36 years$821$545$352$222$138$25
37 years$790$518$330$205$125$22
38 years$761$492$309$189$113$18
39 years$733$468$289$174$103$16
40 years$707$445$271$161$93$14
41 years$682$424$254$148$85$12
42 years$658$404$238$137$77$10
43 years$636$385$224$126$70$8
44 years$614$367$210$116$63$7
45 years$594$350$197$108$57$6
46 years$574$334$185$99$52$5
47 years$556$318$174$92$47$5
48 years$538$304$163$85$43$4
49 years$521$290$154$78$39$3
50 years$505$277$144$72$35$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $517,000, adding $3,421 every year, while hoping to spend $24,649 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: 53/33/14 Blend
53$517,000$517,000$517,000$517,000
54$573,263$545,862$537,848$601,338
55$605,509$546,383$529,640$621,393
56$640,219$546,103$520,330$640,284
57$677,616$544,957$509,857$660,278
58$717,950$542,877$498,153$681,488
59$761,490$539,787$485,151$704,035
60$808,537$535,611$470,778$728,058
61$859,417$530,266$454,959$753,708
62$914,492$523,664$437,615$781,155
63$974,159$515,711$418,663$810,585
64$1,038,852$506,311$398,018$842,208
65$1,109,053$495,357$375,589$876,254
66$1,185,287$482,741$351,282$912,980
67$1,268,135$468,344$324,998$952,668
68$1,358,235$452,043$296,636$995,635
69$1,456,288$433,706$266,087$1,042,229
70$1,563,068$413,197$233,239$1,092,838
71$1,679,424$390,366$197,976$1,147,890
72$1,806,292$365,060$160,174$1,207,860
73$1,944,700$337,115$119,706$1,273,274
74$2,095,782$306,356$76,439$1,344,716
75$2,260,785$272,601$30,233$1,422,828
76$2,441,082$235,655$0$1,508,327
77$2,638,185$195,315$0$1,604,851
78$2,853,759$151,364$0$1,715,430
79$3,089,634$103,573$0$1,836,534
80$3,347,830$51,702$0$1,969,258
81$3,630,568$0$0$2,114,812
82$3,940,296$0$0$2,276,167
83$4,279,706$0$0$2,473,609
84$4,651,768$0$0$2,690,097
85$5,059,749$0$0$2,927,538
86$5,507,250$0$0$3,188,034
87$5,998,235$0$0$3,473,900
88$6,537,072$0$0$3,787,686
89$7,128,572$0$0$4,132,201
90$7,778,032$0$0$4,510,538
91$8,491,292$0$0$4,926,108
92$9,274,781$0$0$5,382,663
93$10,135,584$0$0$5,884,340
94$11,081,503$0$0$6,435,698
95$12,121,138$0$0$7,041,755
96$13,263,958$0$0$7,708,042
97$14,520,400$0$0$8,440,654
98$15,901,960$0$0$9,246,304
99$17,421,304$0$0$10,132,388
100$19,092,387$0$0$11,107,056