Can I retire at age 54 with 518,000?

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 $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%16.9%
1 years$42,776$42,395$42,023$41,660$41,306$40,145
2 years$21,176$20,782$20,400$20,029$19,670$18,508
3 years$13,977$13,581$13,200$12,833$12,479$11,355
4 years$10,378$9,984$9,606$9,245$8,900$7,821
5 years$8,220$7,827$7,455$7,101$6,766$5,735
6 years$6,781$6,392$6,025$5,679$5,354$4,371
7 years$5,754$5,368$5,006$4,669$4,354$3,421
8 years$4,984$4,601$4,246$3,917$3,612$2,727
9 years$4,385$4,006$3,657$3,336$3,042$2,205
10 years$3,907$3,531$3,188$2,876$2,592$1,802
11 years$3,515$3,144$2,807$2,503$2,229$1,484
12 years$3,189$2,821$2,491$2,195$1,932$1,231
13 years$2,914$2,550$2,226$1,938$1,684$1,026
14 years$2,678$2,318$2,000$1,720$1,477$859
15 years$2,474$2,117$1,805$1,534$1,300$721
16 years$2,295$1,943$1,637$1,374$1,149$608
17 years$2,138$1,789$1,490$1,234$1,019$513
18 years$1,998$1,653$1,360$1,112$906$434
19 years$1,873$1,532$1,245$1,005$807$368
20 years$1,761$1,424$1,142$910$721$312
21 years$1,659$1,326$1,051$826$645$266
22 years$1,567$1,238$968$751$578$226
23 years$1,483$1,158$894$684$519$192
24 years$1,406$1,085$827$624$467$164
25 years$1,335$1,018$766$570$420$140
26 years$1,270$957$710$521$378$119
27 years$1,210$900$660$477$341$102
28 years$1,155$848$613$437$308$87
29 years$1,103$800$571$401$278$74
30 years$1,054$756$532$368$251$63
31 years$1,009$715$496$338$227$54
32 years$967$676$462$310$205$46
33 years$928$640$432$285$186$39
34 years$891$607$403$263$168$34
35 years$856$576$377$242$152$29
36 years$823$546$353$223$138$25
37 years$792$519$330$205$125$21
38 years$762$493$309$189$113$18
39 years$735$469$290$174$103$15
40 years$708$446$272$161$93$13
41 years$683$425$255$148$85$11
42 years$659$404$239$137$77$10
43 years$637$385$224$126$70$8
44 years$615$367$210$117$63$7
45 years$595$350$198$108$57$6
46 years$575$334$186$100$52$5
47 years$557$319$174$92$47$4
48 years$539$304$164$85$43$4
49 years$522$291$154$79$39$3
50 years$506$278$145$73$35$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $518,000, adding $6,716 every year, while hoping to spend $30,804 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: 73/18/9 Blend
53$518,000$518,000$518,000$518,000
54$577,764$550,310$542,281$618,540
55$603,920$544,500$527,672$640,552
56$631,712$537,372$511,541$660,152
57$661,275$528,831$493,805$680,763
58$692,753$518,773$474,377$702,475
59$726,310$507,088$453,164$725,389
60$762,121$493,663$430,072$749,615
61$800,379$478,374$405,001$775,277
62$841,295$461,092$377,846$802,511
63$885,102$441,681$348,499$831,468
64$932,055$419,995$316,846$862,315
65$982,432$395,882$282,768$895,236
66$1,036,539$369,179$246,140$930,436
67$1,094,713$339,716$206,833$968,140
68$1,157,323$307,312$164,711$1,008,600
69$1,224,774$271,774$119,633$1,052,092
70$1,297,512$232,901$71,451$1,098,922
71$1,376,024$190,480$20,011$1,149,430
72$1,460,849$144,284$0$1,203,989
73$1,552,578$94,076$0$1,266,365
74$1,651,858$39,603$0$1,335,934
75$1,759,403$0$0$1,411,297
76$1,875,999$0$0$1,496,874
77$2,002,507$0$0$1,598,257
78$2,139,876$0$0$1,708,366
79$2,289,150$0$0$1,828,039
80$2,451,477$0$0$1,958,199
81$2,628,119$0$0$2,099,862
82$2,820,467$0$0$2,254,146
83$3,030,048$0$0$2,422,280
84$3,258,547$0$0$2,605,617
85$3,507,814$0$0$2,805,646
86$3,779,890$0$0$3,024,008
87$4,077,016$0$0$3,262,506
88$4,401,664$0$0$3,523,128
89$4,756,554$0$0$3,808,061
90$5,144,678$0$0$4,119,712
91$5,569,335$0$0$4,460,733
92$6,034,153$0$0$4,834,044
93$6,543,130$0$0$5,242,860
94$7,100,667$0$0$5,690,720
95$7,711,613$0$0$6,181,525
96$8,381,306$0$0$6,719,568
97$9,115,625$0$0$7,309,579
98$9,921,047$0$0$7,956,766
99$10,804,704$0$0$8,666,866
100$11,774,453$0$0$9,446,201