Can I retire at age 54 with 502,000?

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 $502,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$41,455$41,085$40,725$40,374$40,030$38,671
2 years$20,522$20,140$19,770$19,410$19,062$17,707
3 years$13,546$13,162$12,792$12,436$12,094$10,784
4 years$10,058$9,675$9,309$8,960$8,625$7,372
5 years$7,966$7,585$7,224$6,882$6,557$5,363
6 years$6,572$6,194$5,838$5,504$5,188$4,055
7 years$5,576$5,202$4,852$4,525$4,219$3,146
8 years$4,830$4,459$4,115$3,796$3,500$2,486
9 years$4,250$3,882$3,544$3,233$2,948$1,992
10 years$3,786$3,422$3,090$2,787$2,512$1,612
11 years$3,407$3,046$2,720$2,425$2,160$1,315
12 years$3,091$2,734$2,414$2,127$1,872$1,080
13 years$2,824$2,471$2,157$1,878$1,632$891
14 years$2,595$2,246$1,938$1,667$1,431$738
15 years$2,397$2,052$1,750$1,487$1,260$614
16 years$2,224$1,883$1,586$1,331$1,114$511
17 years$2,071$1,734$1,443$1,196$987$427
18 years$1,936$1,602$1,318$1,078$878$357
19 years$1,815$1,485$1,206$974$782$300
20 years$1,706$1,380$1,107$882$699$251
21 years$1,608$1,285$1,018$801$625$211
22 years$1,519$1,200$939$728$561$177
23 years$1,437$1,122$867$663$503$149
24 years$1,363$1,051$801$605$452$126
25 years$1,294$987$742$552$407$106
26 years$1,231$927$688$505$367$89
27 years$1,173$873$639$462$331$75
28 years$1,119$822$594$423$298$63
29 years$1,069$776$553$388$269$53
30 years$1,022$733$515$356$243$45
31 years$978$693$480$327$220$38
32 years$937$655$448$301$199$32
33 years$899$621$418$277$180$27
34 years$863$588$391$255$163$23
35 years$829$558$365$234$148$19
36 years$797$529$342$216$134$16
37 years$767$503$320$199$121$14
38 years$739$478$300$183$110$12
39 years$712$454$281$169$100$10
40 years$686$432$263$156$90$8
41 years$662$412$247$144$82$7
42 years$639$392$231$133$74$6
43 years$617$373$217$122$68$5
44 years$596$356$204$113$61$4
45 years$577$339$191$104$56$4
46 years$558$324$180$96$51$3
47 years$540$309$169$89$46$3
48 years$522$295$159$82$42$2
49 years$506$282$149$76$38$2
50 years$490$269$140$70$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $502,000, adding $3,575 every year, while hoping to spend $35,190 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: 73/8/19 Blend
53$502,000$502,000$502,000$502,000
54$556,892$530,286$522,505$594,788
55$576,253$518,828$502,567$608,972
56$596,409$505,629$480,781$619,901
57$617,405$490,567$457,050$630,971
58$639,288$473,512$431,268$642,187
59$662,108$454,327$403,328$653,558
60$685,920$432,866$373,117$665,094
61$710,784$408,977$340,517$676,807
62$736,764$382,497$305,404$688,710
63$763,928$353,254$267,650$700,818
64$792,352$321,066$227,119$713,152
65$822,115$285,742$183,671$725,732
66$853,307$247,078$137,159$738,582
67$886,020$204,861$87,430$751,732
68$920,360$158,865$34,324$765,213
69$956,436$108,849$0$779,064
70$994,372$54,562$0$797,857
71$1,034,300$0$0$824,830
72$1,076,362$0$0$853,486
73$1,120,717$0$0$888,777
74$1,167,535$0$0$926,037
75$1,217,002$0$0$965,416
76$1,269,322$0$0$1,007,076
77$1,324,717$0$0$1,051,197
78$1,383,428$0$0$1,097,971
79$1,445,720$0$0$1,147,612
80$1,511,884$0$0$1,200,353
81$1,582,236$0$0$1,256,447
82$1,657,122$0$0$1,316,173
83$1,736,921$0$0$1,379,836
84$1,822,049$0$0$1,447,769
85$1,912,962$0$0$1,520,337
86$2,010,156$0$0$1,597,942
87$2,114,180$0$0$1,681,022
88$2,225,633$0$0$1,770,058
89$2,345,171$0$0$1,865,581
90$2,473,517$0$0$1,968,168
91$2,611,462$0$0$2,078,456
92$2,759,876$0$0$2,197,145
93$2,919,712$0$0$2,325,000
94$3,092,018$0$0$2,462,864
95$3,277,947$0$0$2,611,663
96$3,478,762$0$0$2,772,413
97$3,695,854$0$0$2,946,232
98$3,930,750$0$0$3,134,349
99$4,185,131$0$0$3,338,113
100$4,460,841$0$0$3,559,008