Can I retire at age 54 with 519,000?

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 $519,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$42,859$42,477$42,104$41,741$41,386$41,091
2 years$21,217$20,822$20,439$20,068$19,708$19,410
3 years$14,004$13,607$13,225$12,858$12,503$12,212
4 years$10,398$10,003$9,625$9,263$8,917$8,635
5 years$8,236$7,842$7,469$7,115$6,779$6,507
6 years$6,794$6,404$6,036$5,690$5,364$5,102
7 years$5,765$5,378$5,016$4,678$4,362$4,111
8 years$4,993$4,610$4,254$3,924$3,619$3,378
9 years$4,394$4,014$3,664$3,343$3,048$2,816
10 years$3,914$3,538$3,194$2,881$2,597$2,376
11 years$3,522$3,150$2,812$2,508$2,233$2,022
12 years$3,196$2,827$2,496$2,200$1,935$1,734
13 years$2,919$2,555$2,230$1,942$1,688$1,496
14 years$2,683$2,322$2,004$1,724$1,479$1,297
15 years$2,478$2,121$1,809$1,537$1,303$1,129
16 years$2,299$1,946$1,640$1,376$1,151$987
17 years$2,142$1,792$1,492$1,237$1,021$865
18 years$2,002$1,656$1,362$1,115$908$760
19 years$1,876$1,535$1,247$1,007$809$669
20 years$1,764$1,426$1,145$912$723$590
21 years$1,662$1,329$1,053$828$647$522
22 years$1,570$1,240$970$753$580$462
23 years$1,486$1,160$896$685$520$409
24 years$1,409$1,087$829$625$468$363
25 years$1,338$1,020$767$571$421$323
26 years$1,273$959$712$522$379$287
27 years$1,213$902$661$478$342$255
28 years$1,157$850$614$438$308$227
29 years$1,105$802$572$401$278$202
30 years$1,056$757$533$368$252$180
31 years$1,011$716$497$338$227$161
32 years$969$677$463$311$206$144
33 years$929$642$433$286$186$128
34 years$892$608$404$263$169$114
35 years$857$577$378$242$153$102
36 years$824$547$353$223$138$91
37 years$793$520$331$206$125$82
38 years$764$494$310$189$114$73
39 years$736$470$290$175$103$65
40 years$710$447$272$161$94$58
41 years$685$426$255$149$85$52
42 years$661$405$239$137$77$47
43 years$638$386$225$127$70$42
44 years$617$368$211$117$63$37
45 years$596$351$198$108$58$33
46 years$577$335$186$100$52$30
47 years$558$320$175$92$47$27
48 years$540$305$164$85$43$24
49 years$523$291$154$79$39$21
50 years$507$278$145$73$36$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $519,000, adding $2,482 every year, while hoping to spend $24,824 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: 50/39/11 Blend
53$519,000$519,000$519,000$519,000
54$574,498$546,991$538,947$601,409
55$606,684$547,381$530,589$620,491
56$641,322$546,958$521,119$638,388
57$678,634$545,657$510,474$657,268
58$718,866$543,406$498,587$677,229
59$762,290$540,132$485,388$698,383
60$809,200$535,755$470,806$720,852
61$859,924$530,192$454,763$744,773
62$914,820$523,355$437,181$770,298
63$974,281$515,149$417,976$797,597
64$1,038,741$505,475$397,062$826,858
65$1,108,676$494,226$374,347$858,289
66$1,184,610$481,292$349,736$892,123
67$1,267,119$466,554$323,131$928,617
68$1,356,836$449,887$294,427$968,059
69$1,454,460$431,158$263,517$1,010,765
70$1,560,757$410,227$230,287$1,057,089
71$1,676,571$386,945$194,619$1,107,420
72$1,802,832$361,156$156,389$1,162,194
73$1,940,562$332,693$115,469$1,221,891
74$2,090,886$301,382$71,724$1,287,044
75$2,255,044$267,037$25,014$1,358,245
76$2,434,398$229,462$0$1,436,147
77$2,630,451$188,450$0$1,524,391
78$2,844,856$143,783$0$1,624,188
79$3,079,431$95,228$0$1,733,508
80$3,336,182$42,544$0$1,853,354
81$3,617,315$0$0$1,984,837
82$3,925,260$0$0$2,135,420
83$4,262,694$0$0$2,320,483
84$4,632,563$0$0$2,523,390
85$5,038,113$0$0$2,745,930
86$5,482,920$0$0$2,990,072
87$5,970,921$0$0$3,257,983
88$6,506,453$0$0$3,552,054
89$7,094,295$0$0$3,874,915
90$7,739,708$0$0$4,229,465
91$8,448,490$0$0$4,618,898
92$9,227,027$0$0$5,046,731
93$10,082,354$0$0$5,516,839
94$11,022,220$0$0$6,033,491
95$12,055,163$0$0$6,601,391
96$13,190,590$0$0$7,225,720
97$14,438,864$0$0$7,912,186
98$15,811,400$0$0$8,667,079
99$17,320,778$0$0$9,497,329
100$18,980,856$0$0$10,410,570