Can I retire at age 54 with 513,000?

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 $513,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$42,363$41,986$41,618$41,258$40,907$40,164
2 years$20,972$20,581$20,203$19,836$19,480$18,733
3 years$13,842$13,450$13,072$12,709$12,359$11,632
4 years$10,278$9,887$9,513$9,156$8,814$8,114
5 years$8,140$7,752$7,383$7,033$6,701$6,028
6 years$6,716$6,330$5,966$5,624$5,302$4,658
7 years$5,698$5,316$4,958$4,624$4,312$3,697
8 years$4,936$4,557$4,205$3,879$3,577$2,991
9 years$4,343$3,967$3,622$3,304$3,012$2,455
10 years$3,869$3,497$3,157$2,848$2,567$2,037
11 years$3,481$3,113$2,780$2,479$2,207$1,705
12 years$3,159$2,794$2,467$2,174$1,913$1,437
13 years$2,886$2,525$2,204$1,919$1,668$1,218
14 years$2,652$2,295$1,980$1,704$1,462$1,037
15 years$2,450$2,097$1,788$1,520$1,288$887
16 years$2,273$1,924$1,621$1,361$1,138$760
17 years$2,117$1,772$1,475$1,222$1,009$654
18 years$1,978$1,637$1,347$1,102$897$564
19 years$1,855$1,517$1,233$995$800$487
20 years$1,744$1,410$1,131$902$714$421
21 years$1,643$1,313$1,041$818$639$365
22 years$1,552$1,226$959$744$573$316
23 years$1,469$1,147$886$678$514$274
24 years$1,393$1,074$819$618$462$239
25 years$1,323$1,008$759$564$416$207
26 years$1,258$948$704$516$375$180
27 years$1,199$892$653$472$338$157
28 years$1,143$840$607$433$305$137
29 years$1,092$793$565$397$275$119
30 years$1,044$749$526$364$249$104
31 years$1,000$708$491$334$225$91
32 years$958$670$458$307$203$79
33 years$919$634$428$283$184$69
34 years$882$601$399$260$167$60
35 years$847$570$373$239$151$53
36 years$815$541$349$221$137$46
37 years$784$514$327$203$124$40
38 years$755$488$306$187$112$35
39 years$727$464$287$173$102$31
40 years$701$442$269$159$92$27
41 years$677$421$252$147$84$23
42 years$653$401$237$136$76$20
43 years$631$382$222$125$69$18
44 years$610$364$208$116$63$16
45 years$589$347$196$107$57$14
46 years$570$331$184$99$52$12
47 years$551$316$173$91$47$10
48 years$534$301$162$84$43$9
49 years$517$288$152$78$39$8
50 years$501$275$143$72$35$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $513,000, adding $3,099 every year, while hoping to spend $21,288 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: 74/9/17 Blend
53$513,000$513,000$513,000$513,000
54$568,523$541,334$533,382$608,165
55$603,862$545,209$528,600$638,721
56$642,092$548,560$522,945$669,281
57$683,485$551,340$516,363$702,206
58$728,342$553,497$508,803$737,726
59$776,991$554,976$500,206$776,094
60$829,795$555,720$490,513$817,591
61$887,151$555,668$479,662$862,524
62$949,498$554,753$467,589$911,233
63$1,017,318$552,908$454,224$964,092
64$1,091,142$550,057$439,498$1,021,515
65$1,171,552$546,124$423,335$1,083,958
66$1,259,191$541,024$405,657$1,151,922
67$1,354,765$534,672$386,384$1,225,961
68$1,459,054$526,973$365,430$1,306,686
69$1,572,911$517,829$342,706$1,394,770
70$1,697,281$507,135$318,120$1,490,956
71$1,833,201$494,782$291,573$1,596,063
72$1,981,812$480,651$262,966$1,710,992
73$2,144,373$464,619$232,191$1,836,740
74$2,322,268$446,554$199,139$1,974,404
75$2,517,022$426,318$163,693$2,125,194
76$2,730,315$403,764$125,733$2,290,445
77$2,963,994$378,736$85,133$2,471,627
78$3,220,098$351,070$41,761$2,670,363
79$3,500,868$320,593$0$2,888,442
80$3,808,775$287,120$0$3,128,655
81$4,146,539$250,458$0$3,400,494
82$4,517,157$210,402$0$3,698,800
83$4,923,930$166,734$0$4,026,244
84$5,370,493$119,226$0$4,385,769
85$5,860,852$67,637$0$4,780,618
86$6,399,418$11,710$0$5,214,365
87$6,991,052$0$0$5,690,947
88$7,641,107$0$0$6,219,540
89$8,355,483$0$0$6,801,733
90$9,140,678$0$0$7,441,665
91$10,003,849$0$0$8,145,174
92$10,952,885$0$0$8,918,692
93$11,996,475$0$0$9,769,304
94$13,144,192$0$0$10,704,816
95$14,406,585$0$0$11,733,831
96$15,795,275$0$0$12,865,825
97$17,323,067$0$0$14,111,240
98$19,004,069$0$0$15,481,579
99$20,853,826$0$0$16,989,519
100$22,889,465$0$0$18,649,027