Can I retire at age 54 with 508,000?

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 $508,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$41,950$41,576$41,212$40,856$40,509$39,578
2 years$20,767$20,381$20,006$19,642$19,290$18,357
3 years$13,707$13,319$12,945$12,585$12,238$11,333
4 years$10,178$9,791$9,421$9,067$8,728$7,857
5 years$8,061$7,676$7,311$6,964$6,635$5,801
6 years$6,650$6,268$5,908$5,569$5,250$4,453
7 years$5,643$5,264$4,910$4,579$4,270$3,511
8 years$4,888$4,512$4,164$3,841$3,542$2,820
9 years$4,301$3,929$3,586$3,272$2,983$2,298
10 years$3,831$3,463$3,127$2,820$2,542$1,893
11 years$3,447$3,083$2,753$2,454$2,186$1,572
12 years$3,128$2,767$2,443$2,153$1,894$1,315
13 years$2,858$2,501$2,183$1,901$1,652$1,106
14 years$2,626$2,273$1,961$1,687$1,448$934
15 years$2,426$2,076$1,771$1,505$1,275$792
16 years$2,251$1,905$1,605$1,347$1,127$673
17 years$2,096$1,754$1,461$1,211$999$574
18 years$1,959$1,621$1,333$1,091$888$490
19 years$1,837$1,503$1,221$986$792$420
20 years$1,727$1,396$1,120$893$707$360
21 years$1,627$1,301$1,030$810$633$309
22 years$1,537$1,214$950$737$567$265
23 years$1,454$1,135$877$671$509$228
24 years$1,379$1,064$811$612$458$196
25 years$1,310$998$751$559$412$169
26 years$1,246$938$697$511$371$146
27 years$1,187$883$647$468$335$126
28 years$1,132$832$601$429$302$108
29 years$1,081$785$560$393$273$94
30 years$1,034$741$521$361$246$81
31 years$990$701$486$331$223$70
32 years$949$663$453$304$201$60
33 years$910$628$423$280$182$52
34 years$873$595$396$258$165$45
35 years$839$564$370$237$149$39
36 years$807$536$346$218$135$34
37 years$776$509$324$201$123$29
38 years$748$484$303$185$111$25
39 years$720$460$284$171$101$22
40 years$695$438$266$158$92$19
41 years$670$416$250$146$83$16
42 years$647$397$234$134$75$14
43 years$625$378$220$124$68$12
44 years$604$360$206$114$62$10
45 years$584$344$194$106$56$9
46 years$564$328$182$98$51$8
47 years$546$313$171$90$46$7
48 years$529$299$161$83$42$6
49 years$512$285$151$77$38$5
50 years$496$272$142$71$35$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $508,000, adding $3,055 every year, while hoping to spend $32,934 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: 41/34/25 Blend
53$508,000$508,000$508,000$508,000
54$562,967$536,043$528,169$581,800
55$585,348$527,268$510,821$586,854
56$608,909$516,959$491,789$588,978
57$633,733$505,006$470,980$590,631
58$659,916$491,293$448,299$591,788
59$687,557$475,696$423,647$592,426
60$716,769$458,086$396,920$592,521
61$747,671$438,324$368,009$592,051
62$780,395$416,264$336,799$590,994
63$815,086$391,751$303,172$589,329
64$851,901$364,623$267,005$587,037
65$891,012$334,706$228,166$584,100
66$932,607$301,819$186,521$580,505
67$976,892$265,767$141,929$576,237
68$1,024,092$226,347$94,241$571,290
69$1,074,455$183,344$43,304$565,657
70$1,128,251$136,529$0$559,338
71$1,185,777$85,663$0$555,287
72$1,247,357$30,491$0$563,086
73$1,313,349$0$0$571,235
74$1,384,142$0$0$590,756
75$1,460,167$0$0$624,014
76$1,541,893$0$0$659,815
77$1,629,839$0$0$698,390
78$1,724,571$0$0$739,994
79$1,826,713$0$0$784,909
80$1,936,950$0$0$833,443
81$2,056,035$0$0$885,934
82$2,184,794$0$0$942,755
83$2,324,136$0$0$1,004,314
84$2,475,061$0$0$1,071,063
85$2,638,666$0$0$1,143,496
86$2,816,161$0$0$1,222,157
87$3,008,873$0$0$1,307,646
88$3,218,264$0$0$1,400,621
89$3,445,941$0$0$1,501,806
90$3,693,673$0$0$1,611,999
91$3,963,405$0$0$1,732,078
92$4,257,278$0$0$1,863,008
93$4,577,649$0$0$2,005,852
94$4,927,112$0$0$2,161,779
95$5,308,519$0$0$2,332,079
96$5,725,013$0$0$2,518,167
97$6,180,053$0$0$2,721,605
98$6,677,447$0$0$2,944,112
99$7,221,386$0$0$3,187,578
100$7,816,486$0$0$3,454,088