Can I retire at age 54 with 518,000?

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 $518,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$42,776$42,395$42,023$41,660$41,306$40,994
2 years$21,176$20,782$20,400$20,029$19,670$19,355
3 years$13,977$13,581$13,200$12,833$12,479$12,172
4 years$10,378$9,984$9,606$9,245$8,900$8,603
5 years$8,220$7,827$7,455$7,101$6,766$6,479
6 years$6,781$6,392$6,025$5,679$5,354$5,077
7 years$5,754$5,368$5,006$4,669$4,354$4,088
8 years$4,984$4,601$4,246$3,917$3,612$3,357
9 years$4,385$4,006$3,657$3,336$3,042$2,798
10 years$3,907$3,531$3,188$2,876$2,592$2,359
11 years$3,515$3,144$2,807$2,503$2,229$2,006
12 years$3,189$2,821$2,491$2,195$1,932$1,719
13 years$2,914$2,550$2,226$1,938$1,684$1,482
14 years$2,678$2,318$2,000$1,720$1,477$1,284
15 years$2,474$2,117$1,805$1,534$1,300$1,117
16 years$2,295$1,943$1,637$1,374$1,149$976
17 years$2,138$1,789$1,490$1,234$1,019$855
18 years$1,998$1,653$1,360$1,112$906$750
19 years$1,873$1,532$1,245$1,005$807$660
20 years$1,761$1,424$1,142$910$721$582
21 years$1,659$1,326$1,051$826$645$514
22 years$1,567$1,238$968$751$578$455
23 years$1,483$1,158$894$684$519$403
24 years$1,406$1,085$827$624$467$357
25 years$1,335$1,018$766$570$420$317
26 years$1,270$957$710$521$378$282
27 years$1,210$900$660$477$341$250
28 years$1,155$848$613$437$308$223
29 years$1,103$800$571$401$278$198
30 years$1,054$756$532$368$251$177
31 years$1,009$715$496$338$227$157
32 years$967$676$462$310$205$140
33 years$928$640$432$285$186$125
34 years$891$607$403$263$168$112
35 years$856$576$377$242$152$100
36 years$823$546$353$223$138$89
37 years$792$519$330$205$125$79
38 years$762$493$309$189$113$71
39 years$735$469$290$174$103$63
40 years$708$446$272$161$93$56
41 years$683$425$255$148$85$50
42 years$659$404$239$137$77$45
43 years$637$385$224$126$70$40
44 years$615$367$210$117$63$36
45 years$595$350$198$108$57$32
46 years$575$334$186$100$52$29
47 years$557$319$174$92$47$26
48 years$539$304$164$85$43$23
49 years$522$291$154$79$39$21
50 years$506$278$145$73$35$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $518,000, adding $5,887 every year, while hoping to spend $30,211 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: 51/41/8 Blend
53$518,000$518,000$518,000$518,000
54$576,908$549,454$541,425$604,860
55$603,609$544,233$527,419$619,321
56$632,020$537,744$511,931$631,293
57$662,285$529,892$494,879$643,593
58$694,559$520,578$476,179$656,261
59$729,015$509,697$455,741$669,339
60$765,838$497,136$433,472$682,876
61$805,235$482,777$409,275$696,930
62$847,431$466,495$383,048$711,565
63$892,672$448,157$354,683$726,854
64$941,231$427,623$324,071$742,879
65$993,404$404,744$291,095$759,735
66$1,049,518$379,363$255,634$777,528
67$1,109,932$351,314$217,560$796,376
68$1,175,038$320,422$176,742$816,416
69$1,245,270$286,501$133,041$837,799
70$1,321,103$249,355$86,313$860,696
71$1,403,058$208,776$36,407$885,298
72$1,491,710$164,546$0$911,821
73$1,587,688$116,432$0$941,946
74$1,691,687$64,192$0$977,913
75$1,804,468$7,567$0$1,016,930
76$1,926,871$0$0$1,059,351
77$2,059,816$0$0$1,129,804
78$2,204,318$0$0$1,210,140
79$2,361,493$0$0$1,297,571
80$2,532,569$0$0$1,392,785
81$2,718,896$0$0$1,496,542
82$2,921,960$0$0$1,609,674
83$3,143,398$0$0$1,733,102
84$3,385,009$0$0$1,867,836
85$3,648,776$0$0$2,014,988
86$3,936,879$0$0$2,175,783
87$4,251,721$0$0$2,351,571
88$4,595,945$0$0$2,543,835
89$4,972,462$0$0$2,754,211
90$5,384,477$0$0$2,984,499
91$5,835,520$0$0$3,236,681
92$6,329,477$0$0$3,512,940
93$6,870,627$0$0$3,815,680
94$7,463,685$0$0$4,147,549
95$8,113,840$0$0$4,511,463
96$8,826,810$0$0$4,910,633
97$9,608,892$0$0$5,348,597
98$10,467,021$0$0$5,829,251
99$11,408,837$0$0$6,356,888
100$12,442,755$0$0$6,936,235