Can I retire at age 54 with 503,000?

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 $503,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$41,537$41,167$40,806$40,454$40,110$39,774
2 years$20,563$20,180$19,809$19,449$19,100$18,761
3 years$13,572$13,188$12,818$12,461$12,118$11,787
4 years$10,078$9,694$9,328$8,978$8,643$8,322
5 years$7,982$7,601$7,239$6,896$6,570$6,261
6 years$6,585$6,206$5,850$5,514$5,199$4,901
7 years$5,587$5,212$4,861$4,534$4,228$3,942
8 years$4,839$4,468$4,123$3,803$3,507$3,234
9 years$4,258$3,890$3,551$3,240$2,954$2,692
10 years$3,793$3,429$3,096$2,793$2,517$2,266
11 years$3,413$3,053$2,726$2,430$2,164$1,926
12 years$3,097$2,740$2,419$2,132$1,876$1,648
13 years$2,829$2,476$2,161$1,882$1,636$1,419
14 years$2,600$2,251$1,942$1,671$1,434$1,228
15 years$2,402$2,056$1,753$1,490$1,262$1,067
16 years$2,228$1,886$1,589$1,334$1,116$930
17 years$2,076$1,737$1,446$1,199$989$814
18 years$1,940$1,605$1,320$1,080$880$713
19 years$1,819$1,488$1,209$976$784$627
20 years$1,710$1,382$1,109$884$700$552
21 years$1,611$1,288$1,020$802$627$487
22 years$1,522$1,202$940$729$562$430
23 years$1,440$1,124$868$664$504$380
24 years$1,365$1,053$803$606$453$337
25 years$1,297$989$744$553$408$298
26 years$1,234$929$690$506$367$265
27 years$1,175$874$641$463$331$235
28 years$1,121$824$595$424$299$209
29 years$1,071$777$554$389$270$185
30 years$1,024$734$516$357$244$165
31 years$980$694$481$328$220$147
32 years$939$657$449$301$199$130
33 years$901$622$419$277$180$116
34 years$865$589$392$255$163$103
35 years$831$559$366$235$148$92
36 years$799$531$343$216$134$82
37 years$769$504$321$199$122$73
38 years$740$479$300$184$110$65
39 years$713$455$281$169$100$58
40 years$688$433$264$156$91$52
41 years$663$412$247$144$82$46
42 years$640$393$232$133$75$41
43 years$618$374$218$123$68$37
44 years$598$357$204$113$61$33
45 years$578$340$192$105$56$29
46 years$559$324$180$97$51$26
47 years$541$310$169$89$46$23
48 years$523$296$159$83$42$21
49 years$507$282$149$76$38$19
50 years$491$270$141$71$34$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $503,000, adding $2,967 every year, while hoping to spend $37,913 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: 76/15/9 Blend
53$503,000$503,000$503,000$503,000
54$557,366$530,707$522,911$598,682
55$573,879$516,373$500,089$611,947
56$590,805$500,065$475,233$621,357
57$608,146$481,648$448,232$630,586
58$625,904$460,976$418,976$639,604
59$644,080$437,897$387,344$648,375
60$662,670$412,248$353,214$656,861
61$681,673$383,859$316,458$665,021
62$701,084$352,548$276,939$672,809
63$720,895$318,124$234,518$680,178
64$741,099$280,385$189,047$687,075
65$761,684$239,117$140,373$693,442
66$782,636$194,094$88,335$699,217
67$803,938$145,077$32,767$704,334
68$825,569$91,815$0$708,718
69$847,504$34,042$0$714,839
70$869,716$0$0$723,587
71$892,170$0$0$736,444
72$914,826$0$0$755,081
73$937,641$0$0$773,839
74$960,563$0$0$792,675
75$983,531$0$0$811,540
76$1,006,480$0$0$830,376
77$1,029,333$0$0$849,119
78$1,052,002$0$0$867,697
79$1,074,390$0$0$886,026
80$1,096,388$0$0$904,015
81$1,117,869$0$0$921,558
82$1,138,696$0$0$938,539
83$1,158,712$0$0$954,825
84$1,177,741$0$0$970,270
85$1,195,588$0$0$984,710
86$1,212,033$0$0$997,959
87$1,226,832$0$0$1,009,814
88$1,239,712$0$0$1,020,044
89$1,250,370$0$0$1,028,396
90$1,258,468$0$0$1,034,586
91$1,263,629$0$0$1,038,297
92$1,265,436$0$0$1,039,180
93$1,263,425$0$0$1,036,844
94$1,257,078$0$0$1,030,858
95$1,245,825$0$0$1,020,742
96$1,229,031$0$0$1,005,963
97$1,205,992$0$0$985,931
98$1,175,929$0$0$959,992
99$1,137,977$0$0$927,423
100$1,091,180$0$0$887,422