Can I retire at age 54 with 496,000?

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 $496,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$40,959$40,594$40,238$39,891$39,552$37,967
2 years$20,277$19,899$19,533$19,178$18,834$17,258
3 years$13,384$13,004$12,639$12,288$11,949$10,431
4 years$9,938$9,560$9,198$8,853$8,522$7,073
5 years$7,871$7,495$7,138$6,800$6,478$5,102
6 years$6,493$6,120$5,769$5,438$5,126$3,824
7 years$5,510$5,140$4,794$4,471$4,169$2,940
8 years$4,772$4,406$4,066$3,750$3,459$2,301
9 years$4,199$3,836$3,502$3,194$2,913$1,825
10 years$3,741$3,381$3,053$2,754$2,482$1,463
11 years$3,366$3,010$2,688$2,397$2,134$1,181
12 years$3,054$2,702$2,385$2,102$1,850$959
13 years$2,790$2,441$2,131$1,856$1,613$783
14 years$2,564$2,219$1,915$1,647$1,414$641
15 years$2,368$2,027$1,729$1,469$1,245$527
16 years$2,197$1,860$1,567$1,315$1,100$434
17 years$2,047$1,713$1,426$1,182$976$358
18 years$1,913$1,583$1,302$1,065$867$296
19 years$1,793$1,467$1,192$962$773$245
20 years$1,686$1,363$1,094$872$691$203
21 years$1,589$1,270$1,006$791$618$169
22 years$1,500$1,185$927$719$554$140
23 years$1,420$1,109$856$655$497$116
24 years$1,346$1,039$792$597$447$97
25 years$1,279$975$733$546$402$80
26 years$1,216$916$680$499$362$67
27 years$1,159$862$632$457$327$56
28 years$1,105$812$587$418$295$46
29 years$1,056$766$546$384$266$39
30 years$1,010$724$509$352$240$32
31 years$966$684$475$323$217$27
32 years$926$647$443$297$197$22
33 years$888$613$413$273$178$19
34 years$853$581$386$251$161$15
35 years$819$551$361$231$146$13
36 years$788$523$338$213$132$11
37 years$758$497$316$196$120$9
38 years$730$472$296$181$109$7
39 years$703$449$277$167$99$6
40 years$678$427$260$154$89$5
41 years$654$407$244$142$81$4
42 years$631$387$229$131$74$4
43 years$610$369$215$121$67$3
44 years$589$352$201$112$61$2
45 years$570$335$189$103$55$2
46 years$551$320$178$95$50$2
47 years$533$305$167$88$45$1
48 years$516$291$157$81$41$1
49 years$500$278$147$75$37$1
50 years$484$266$139$70$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $496,000, adding $6,216 every year, while hoping to spend $29,427 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: 71/19/10 Blend
53$496,000$496,000$496,000$496,000
54$553,004$526,716$519,028$590,757
55$578,100$521,215$505,105$611,067
56$604,770$514,458$489,730$629,082
57$633,143$506,353$472,822$648,005
58$663,360$496,801$454,298$667,919
59$695,577$485,699$434,072$688,915
60$729,964$472,936$412,051$711,096
61$766,707$458,396$388,141$734,573
62$806,009$441,956$362,242$759,471
63$848,095$423,484$334,250$785,930
64$893,210$402,844$304,056$814,102
65$941,622$379,888$271,547$844,156
66$993,628$354,463$236,604$876,282
67$1,049,550$326,404$199,103$910,687
68$1,109,747$295,540$158,915$947,603
69$1,174,607$261,687$115,905$987,284
70$1,244,560$224,653$69,931$1,030,013
71$1,320,078$184,234$20,847$1,076,105
72$1,401,679$140,215$0$1,125,905
73$1,489,932$92,367$0$1,183,162
74$1,585,463$40,452$0$1,247,529
75$1,688,961$0$0$1,317,267
76$1,801,181$0$0$1,396,214
77$1,922,957$0$0$1,491,082
78$2,055,202$0$0$1,594,128
79$2,198,923$0$0$1,706,141
80$2,355,228$0$0$1,827,985
81$2,525,334$0$0$1,960,614
82$2,710,583$0$0$2,105,075
83$2,912,448$0$0$2,262,523
84$3,132,552$0$0$2,434,226
85$3,372,684$0$0$2,621,582
86$3,634,807$0$0$2,826,128
87$3,921,088$0$0$3,049,559
88$4,233,909$0$0$3,293,737
89$4,575,893$0$0$3,560,715
90$4,949,928$0$0$3,852,752
91$5,359,194$0$0$4,172,335
92$5,807,194$0$0$4,522,203
93$6,297,782$0$0$4,905,373
94$6,835,205$0$0$5,325,166
95$7,424,140$0$0$5,785,241
96$8,069,736$0$0$6,289,626
97$8,777,665$0$0$6,842,759
98$9,554,174$0$0$7,449,526
99$10,406,145$0$0$8,115,310
100$11,341,156$0$0$8,846,042