Can I retire at age 54 with 507,000?

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 $507,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$41,868$41,495$41,131$40,776$40,429$39,166
2 years$20,727$20,341$19,966$19,604$19,252$17,991
3 years$13,680$13,293$12,920$12,560$12,214$10,995
4 years$10,158$9,772$9,402$9,049$8,711$7,542
5 years$8,045$7,661$7,296$6,950$6,622$5,507
6 years$6,637$6,256$5,897$5,558$5,240$4,180
7 years$5,632$5,254$4,900$4,570$4,261$3,256
8 years$4,878$4,503$4,156$3,834$3,535$2,584
9 years$4,292$3,921$3,579$3,265$2,977$2,079
10 years$3,824$3,456$3,121$2,815$2,537$1,690
11 years$3,441$3,077$2,747$2,450$2,182$1,385
12 years$3,122$2,762$2,438$2,149$1,891$1,142
13 years$2,852$2,496$2,178$1,897$1,649$947
14 years$2,621$2,268$1,957$1,684$1,445$788
15 years$2,421$2,072$1,767$1,502$1,272$659
16 years$2,246$1,901$1,602$1,345$1,125$552
17 years$2,092$1,751$1,458$1,208$997$463
18 years$1,955$1,618$1,331$1,089$887$390
19 years$1,833$1,500$1,218$984$790$328
20 years$1,723$1,393$1,118$891$706$277
21 years$1,624$1,298$1,028$809$632$234
22 years$1,534$1,212$948$735$566$198
23 years$1,451$1,133$875$670$508$167
24 years$1,376$1,062$809$611$457$142
25 years$1,307$996$750$558$411$120
26 years$1,243$936$695$510$370$102
27 years$1,185$881$646$467$334$86
28 years$1,130$830$600$428$301$73
29 years$1,079$783$559$392$272$62
30 years$1,032$740$520$360$246$53
31 years$988$699$485$331$222$45
32 years$947$662$453$304$201$38
33 years$908$627$423$279$182$32
34 years$872$594$395$257$165$27
35 years$837$563$369$237$149$23
36 years$805$535$345$218$135$20
37 years$775$508$323$201$122$17
38 years$746$483$303$185$111$14
39 years$719$459$284$171$101$12
40 years$693$437$266$157$91$10
41 years$669$416$249$145$83$9
42 years$645$396$234$134$75$7
43 years$623$377$219$124$68$6
44 years$602$360$206$114$62$5
45 years$582$343$193$105$56$5
46 years$563$327$182$97$51$4
47 years$545$312$171$90$46$3
48 years$528$298$160$83$42$3
49 years$511$285$151$77$38$2
50 years$495$272$142$71$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $507,000, adding $5,848 every year, while hoping to spend $34,714 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: 44/43/13 Blend
53$507,000$507,000$507,000$507,000
54$564,746$537,875$530,017$587,240
55$585,415$527,296$510,837$592,933
56$607,028$515,034$489,851$595,145
57$629,646$500,972$466,962$596,778
58$653,333$484,983$442,068$597,793
59$678,159$466,933$415,064$598,151
60$704,201$446,682$385,837$597,809
61$731,539$424,079$354,273$596,725
62$760,265$398,968$320,250$594,854
63$790,476$371,181$283,642$592,151
64$822,277$340,541$244,317$588,572
65$855,783$306,862$202,135$584,067
66$891,121$269,946$156,955$578,591
67$928,426$229,585$108,624$572,096
68$967,849$185,558$56,986$564,533
69$1,009,552$137,632$1,877$555,854
70$1,053,712$85,562$0$546,012
71$1,100,524$29,087$0$542,857
72$1,150,199$0$0$539,237
73$1,202,971$0$0$550,046
74$1,259,091$0$0$576,210
75$1,318,839$0$0$604,100
76$1,382,518$0$0$633,863
77$1,450,460$0$0$665,657
78$1,523,030$0$0$699,659
79$1,600,629$0$0$736,062
80$1,683,693$0$0$775,076
81$1,772,703$0$0$816,935
82$1,868,187$0$0$861,890
83$1,970,722$0$0$910,223
84$2,080,943$0$0$962,239
85$2,199,547$0$0$1,018,274
86$2,327,298$0$0$1,078,698
87$2,465,036$0$0$1,143,917
88$2,613,686$0$0$1,214,377
89$2,774,259$0$0$1,290,569
90$2,947,872$0$0$1,373,030
91$3,135,748$0$0$1,462,352
92$3,339,234$0$0$1,559,188
93$3,559,810$0$0$1,664,253
94$3,799,104$0$0$1,778,335
95$4,058,907$0$0$1,902,299
96$4,341,186$0$0$2,037,098
97$4,648,108$0$0$2,183,781
98$4,982,057$0$0$2,343,501
99$5,345,653$0$0$2,517,527
100$5,741,782$0$0$2,707,256