Can I retire at age 54 with 512,000?

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 $512,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$42,280$41,904$41,536$41,178$40,828$39,410
2 years$20,931$20,541$20,163$19,797$19,442$18,029
3 years$13,815$13,424$13,047$12,684$12,335$10,970
4 years$10,258$9,868$9,495$9,138$8,797$7,491
5 years$8,125$7,737$7,368$7,019$6,687$5,444
6 years$6,703$6,318$5,955$5,613$5,292$4,111
7 years$5,687$5,305$4,948$4,615$4,303$3,186
8 years$4,926$4,548$4,197$3,871$3,570$2,515
9 years$4,334$3,960$3,615$3,298$3,007$2,012
10 years$3,861$3,490$3,151$2,842$2,562$1,627
11 years$3,475$3,107$2,774$2,474$2,203$1,325
12 years$3,152$2,789$2,462$2,170$1,909$1,087
13 years$2,880$2,520$2,200$1,916$1,665$896
14 years$2,647$2,291$1,977$1,701$1,459$741
15 years$2,445$2,093$1,785$1,517$1,285$615
16 years$2,268$1,920$1,618$1,358$1,136$512
17 years$2,113$1,768$1,472$1,220$1,007$427
18 years$1,975$1,634$1,344$1,100$895$357
19 years$1,851$1,514$1,230$994$798$298
20 years$1,740$1,407$1,129$900$713$250
21 years$1,640$1,311$1,039$817$638$210
22 years$1,549$1,224$957$743$572$176
23 years$1,466$1,144$884$676$513$148
24 years$1,390$1,072$817$617$461$124
25 years$1,320$1,006$757$563$415$105
26 years$1,256$946$702$515$374$88
27 years$1,196$890$652$471$337$74
28 years$1,141$839$606$432$304$62
29 years$1,090$791$564$396$275$52
30 years$1,042$747$525$363$248$44
31 years$998$706$490$334$224$37
32 years$956$668$457$307$203$31
33 years$917$633$427$282$184$26
34 years$880$600$399$260$166$22
35 years$846$569$373$239$151$19
36 years$813$540$349$220$136$16
37 years$782$513$326$203$124$13
38 years$753$487$306$187$112$11
39 years$726$463$286$172$102$9
40 years$700$441$268$159$92$8
41 years$675$420$252$147$84$7
42 years$652$400$236$135$76$6
43 years$630$381$222$125$69$5
44 years$608$363$208$115$63$4
45 years$588$346$195$107$57$3
46 years$569$330$183$98$52$3
47 years$550$315$172$91$47$2
48 years$533$301$162$84$43$2
49 years$516$287$152$78$39$2
50 years$500$274$143$72$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $512,000, adding $2,221 every year, while hoping to spend $40,344 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: 35/49/16 Blend
53$512,000$512,000$512,000$512,000
54$566,515$539,379$531,443$583,481
55$581,374$522,883$506,321$579,521
56$596,396$504,226$479,004$571,297
57$611,556$483,261$449,379$561,559
58$626,823$459,829$417,321$550,196
59$642,164$433,765$382,706$537,089
60$657,539$404,894$345,401$522,109
61$672,902$373,029$305,267$505,122
62$688,205$337,973$262,160$485,983
63$703,388$299,520$215,928$464,539
64$718,387$257,450$166,415$440,625
65$733,128$211,531$113,456$414,066
66$747,529$161,518$56,878$384,678
67$761,497$107,152$0$352,261
68$774,928$48,161$0$317,202
69$787,705$0$0$289,079
70$799,698$0$0$266,455
71$810,762$0$0$269,399
72$820,733$0$0$271,881
73$829,430$0$0$273,828
74$836,651$0$0$275,161
75$842,171$0$0$275,793
76$845,740$0$0$275,625
77$847,080$0$0$274,549
78$845,881$0$0$272,443
79$841,800$0$0$269,174
80$834,456$0$0$264,593
81$823,428$0$0$258,536
82$808,246$0$0$250,820
83$788,392$0$0$241,243
84$763,290$0$0$229,582
85$732,304$0$0$215,588
86$694,729$0$0$198,990
87$649,785$0$0$179,482
88$596,609$0$0$156,731
89$534,246$0$0$130,366
90$461,641$0$0$99,978
91$377,626$0$0$65,114
92$280,912$0$0$25,275
93$170,073$0$0$0
94$43,535$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0