Can I retire at age 54 with 521,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $521,000?

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$43,024$42,640$42,267$41,902$41,545$40,103
2 years$21,299$20,902$20,518$20,145$19,783$18,345
3 years$14,058$13,660$13,276$12,907$12,551$11,163
4 years$10,439$10,041$9,662$9,299$8,952$7,623
5 years$8,267$7,873$7,498$7,142$6,805$5,540
6 years$6,820$6,429$6,059$5,712$5,385$4,184
7 years$5,787$5,399$5,035$4,696$4,379$3,242
8 years$5,013$4,628$4,270$3,939$3,633$2,559
9 years$4,411$4,029$3,678$3,355$3,059$2,048
10 years$3,929$3,552$3,207$2,892$2,607$1,655
11 years$3,536$3,162$2,823$2,517$2,242$1,349
12 years$3,208$2,838$2,505$2,208$1,943$1,106
13 years$2,931$2,565$2,238$1,949$1,694$911
14 years$2,693$2,331$2,011$1,730$1,485$754
15 years$2,488$2,130$1,816$1,543$1,308$626
16 years$2,308$1,954$1,646$1,382$1,156$521
17 years$2,150$1,799$1,498$1,242$1,025$434
18 years$2,009$1,663$1,368$1,119$911$363
19 years$1,884$1,541$1,252$1,011$812$304
20 years$1,771$1,432$1,149$916$725$254
21 years$1,669$1,334$1,057$831$649$213
22 years$1,576$1,245$974$756$582$179
23 years$1,492$1,164$899$688$522$150
24 years$1,414$1,091$832$628$469$126
25 years$1,343$1,024$770$573$422$106
26 years$1,278$962$714$524$381$89
27 years$1,217$906$663$480$343$75
28 years$1,161$853$617$440$310$63
29 years$1,109$805$574$403$280$53
30 years$1,061$760$535$370$253$45
31 years$1,015$719$498$340$228$38
32 years$973$680$465$312$207$32
33 years$933$644$434$287$187$27
34 years$896$610$406$264$169$23
35 years$861$579$379$243$153$19
36 years$827$550$355$224$139$16
37 years$796$522$332$206$126$14
38 years$767$496$311$190$114$11
39 years$739$472$291$175$103$10
40 years$712$449$273$162$94$8
41 years$687$427$256$149$85$7
42 years$663$407$240$138$77$6
43 years$641$388$225$127$70$5
44 years$619$369$212$117$64$4
45 years$598$352$199$108$58$3
46 years$579$336$187$100$52$3
47 years$560$321$175$93$48$2
48 years$542$306$165$85$43$2
49 years$525$292$155$79$39$2
50 years$509$279$146$73$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $521,000, adding $6,089 every year, while hoping to spend $35,185 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: 75/17/8 Blend
53$521,000$521,000$521,000$521,000
54$580,423$552,810$544,734$622,791
55$602,189$542,461$525,546$641,175
56$624,997$530,426$504,536$656,245
57$648,914$516,584$481,606$671,755
58$674,017$500,810$456,653$687,736
59$700,385$482,969$429,570$704,222
60$728,108$462,918$400,244$721,251
61$757,282$440,508$368,559$738,868
62$788,011$415,579$334,392$757,119
63$820,409$387,963$297,615$776,059
64$854,601$357,483$258,095$795,748
65$890,721$323,951$215,692$816,252
66$928,918$287,167$170,261$837,646
67$969,351$246,923$121,649$860,014
68$1,012,198$202,995$69,697$883,447
69$1,057,651$155,150$14,240$908,051
70$1,105,919$103,140$0$933,940
71$1,157,233$46,704$0$965,079
72$1,211,844$0$0$999,321
73$1,270,027$0$0$1,038,326
74$1,332,084$0$0$1,089,259
75$1,398,346$0$0$1,143,655
76$1,469,173$0$0$1,201,813
77$1,544,962$0$0$1,264,061
78$1,626,149$0$0$1,330,757
79$1,713,211$0$0$1,402,296
80$1,806,670$0$0$1,479,109
81$1,907,102$0$0$1,561,672
82$2,015,136$0$0$1,650,504
83$2,131,466$0$0$1,746,178
84$2,256,851$0$0$1,849,321
85$2,392,127$0$0$1,960,623
86$2,538,210$0$0$2,080,843
87$2,696,110$0$0$2,210,812
88$2,866,934$0$0$2,351,446
89$3,051,900$0$0$2,503,751
90$3,252,348$0$0$2,668,834
91$3,469,750$0$0$2,847,911
92$3,705,726$0$0$3,042,320
93$3,962,056$0$0$3,253,532
94$4,240,699$0$0$3,483,166
95$4,543,812$0$0$3,733,003
96$4,873,764$0$0$4,005,001
97$5,233,166$0$0$4,301,317
98$5,624,888$0$0$4,624,323
99$6,052,092$0$0$4,976,630
100$6,518,254$0$0$5,361,112