Can I retire at age 54 with 519,000?

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 $519,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$42,859$42,477$42,104$41,741$41,386$39,870
2 years$21,217$20,822$20,439$20,068$19,708$18,197
3 years$14,004$13,607$13,225$12,858$12,503$11,046
4 years$10,398$10,003$9,625$9,263$8,917$7,524
5 years$8,236$7,842$7,469$7,115$6,779$5,453
6 years$6,794$6,404$6,036$5,690$5,364$4,107
7 years$5,765$5,378$5,016$4,678$4,362$3,174
8 years$4,993$4,610$4,254$3,924$3,619$2,498
9 years$4,394$4,014$3,664$3,343$3,048$1,993
10 years$3,914$3,538$3,194$2,881$2,597$1,606
11 years$3,522$3,150$2,812$2,508$2,233$1,304
12 years$3,196$2,827$2,496$2,200$1,935$1,066
13 years$2,919$2,555$2,230$1,942$1,688$875
14 years$2,683$2,322$2,004$1,724$1,479$721
15 years$2,478$2,121$1,809$1,537$1,303$597
16 years$2,299$1,946$1,640$1,376$1,151$495
17 years$2,142$1,792$1,492$1,237$1,021$411
18 years$2,002$1,656$1,362$1,115$908$342
19 years$1,876$1,535$1,247$1,007$809$285
20 years$1,764$1,426$1,145$912$723$238
21 years$1,662$1,329$1,053$828$647$199
22 years$1,570$1,240$970$753$580$166
23 years$1,486$1,160$896$685$520$139
24 years$1,409$1,087$829$625$468$117
25 years$1,338$1,020$767$571$421$98
26 years$1,273$959$712$522$379$82
27 years$1,213$902$661$478$342$69
28 years$1,157$850$614$438$308$57
29 years$1,105$802$572$401$278$48
30 years$1,056$757$533$368$252$40
31 years$1,011$716$497$338$227$34
32 years$969$677$463$311$206$28
33 years$929$642$433$286$186$24
34 years$892$608$404$263$169$20
35 years$857$577$378$242$153$17
36 years$824$547$353$223$138$14
37 years$793$520$331$206$125$12
38 years$764$494$310$189$114$10
39 years$736$470$290$175$103$8
40 years$710$447$272$161$94$7
41 years$685$426$255$149$85$6
42 years$661$405$239$137$77$5
43 years$638$386$225$127$70$4
44 years$617$368$211$117$63$3
45 years$596$351$198$108$58$3
46 years$577$335$186$100$52$2
47 years$558$320$175$92$47$2
48 years$540$305$164$85$43$2
49 years$523$291$154$79$39$1
50 years$507$278$145$73$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $519,000, adding $5,266 every year, while hoping to spend $23,905 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: 81/14/5 Blend
53$519,000$519,000$519,000$519,000
54$577,370$549,863$541,818$623,628
55$610,827$551,371$534,535$656,151
56$646,895$552,153$526,206$688,104
57$685,816$552,146$516,771$722,432
58$727,855$551,286$506,168$759,360
59$773,302$549,505$494,331$799,134
60$822,477$546,730$481,189$842,025
61$875,733$542,883$466,673$888,333
62$933,456$537,882$450,704$938,386
63$996,072$531,641$433,206$992,547
64$1,064,047$524,067$414,094$1,051,217
65$1,137,896$515,063$393,283$1,114,836
66$1,218,186$504,526$370,682$1,183,888
67$1,305,538$492,345$346,197$1,258,909
68$1,400,638$478,405$319,730$1,340,488
69$1,504,239$462,582$291,177$1,429,274
70$1,617,170$444,748$260,430$1,525,984
71$1,740,345$424,764$227,378$1,631,405
72$1,874,767$402,484$191,902$1,746,408
73$2,021,543$377,756$153,881$1,871,951
74$2,181,891$350,416$113,185$2,009,090
75$2,357,149$320,291$69,682$2,158,988
76$2,548,794$287,201$23,232$2,322,930
77$2,758,449$250,953$0$2,502,329
78$2,987,905$211,343$0$2,700,151
79$3,239,130$168,158$0$2,918,122
80$3,514,293$121,170$0$3,156,904
81$3,815,784$70,140$0$3,418,595
82$4,146,232$14,815$0$3,705,505
83$4,508,534$0$0$4,020,182
84$4,905,883$0$0$4,372,375
85$5,341,791$0$0$4,761,264
86$5,820,130$0$0$5,188,021
87$6,345,165$0$0$5,656,453
88$6,921,591$0$0$6,170,751
89$7,554,584$0$0$6,735,533
90$8,249,842$0$0$7,355,887
91$9,013,644$0$0$8,037,417
92$9,852,907$0$0$8,786,297
93$10,775,250$0$0$9,609,329
94$11,789,069$0$0$10,514,004
95$12,903,613$0$0$11,508,579
96$14,129,069$0$0$12,602,149
97$15,476,664$0$0$13,804,732
98$16,958,767$0$0$15,127,370
99$18,589,004$0$0$16,582,226
100$20,382,389$0$0$18,182,700