Can I retire at age 54 with 523,000?

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 $523,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$43,189$42,804$42,429$42,062$41,705$40,997
2 years$21,381$20,982$20,597$20,222$19,859$19,149
3 years$14,112$13,712$13,327$12,957$12,600$11,908
4 years$10,479$10,080$9,699$9,335$8,986$8,319
5 years$8,299$7,903$7,527$7,170$6,831$6,190
6 years$6,847$6,453$6,083$5,734$5,405$4,791
7 years$5,809$5,419$5,055$4,714$4,396$3,809
8 years$5,032$4,645$4,287$3,954$3,647$3,087
9 years$4,428$4,045$3,692$3,368$3,071$2,538
10 years$3,944$3,565$3,219$2,904$2,617$2,110
11 years$3,549$3,174$2,834$2,527$2,251$1,769
12 years$3,220$2,849$2,515$2,216$1,950$1,494
13 years$2,942$2,574$2,247$1,957$1,701$1,269
14 years$2,704$2,340$2,019$1,737$1,491$1,083
15 years$2,497$2,138$1,823$1,549$1,313$927
16 years$2,317$1,961$1,653$1,387$1,160$797
17 years$2,158$1,806$1,504$1,246$1,029$687
18 years$2,017$1,669$1,373$1,123$915$593
19 years$1,891$1,547$1,257$1,015$815$513
20 years$1,778$1,437$1,153$919$728$445
21 years$1,675$1,339$1,061$834$652$386
22 years$1,582$1,250$978$758$584$336
23 years$1,497$1,169$903$691$524$292
24 years$1,420$1,095$835$630$471$255
25 years$1,348$1,028$773$575$424$222
26 years$1,283$966$717$526$382$194
27 years$1,222$909$666$482$344$169
28 years$1,166$857$619$441$311$148
29 years$1,113$808$576$405$281$129
30 years$1,065$763$537$371$254$113
31 years$1,019$721$500$341$229$99
32 years$977$683$467$313$207$86
33 years$937$646$436$288$188$75
34 years$899$613$407$265$170$66
35 years$864$581$381$244$154$58
36 years$831$552$356$225$139$51
37 years$799$524$333$207$126$44
38 years$770$498$312$191$115$39
39 years$742$473$292$176$104$34
40 years$715$450$274$162$94$30
41 years$690$429$257$150$85$26
42 years$666$408$241$138$78$23
43 years$643$389$226$128$70$20
44 years$621$371$212$118$64$17
45 years$601$354$199$109$58$15
46 years$581$337$187$101$53$13
47 years$562$322$176$93$48$12
48 years$544$307$165$86$43$10
49 years$527$294$155$79$39$9
50 years$511$280$146$73$36$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $523,000, adding $2,310 every year, while hoping to spend $21,735 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: 53/34/13 Blend
53$523,000$523,000$523,000$523,000
54$578,729$551,010$542,903$607,298
55$614,633$554,883$537,965$630,902
56$653,471$558,218$532,132$654,046
57$695,520$560,965$525,353$678,730
58$741,082$563,072$517,571$705,105
59$790,492$564,482$508,730$733,339
60$844,117$565,137$498,767$763,616
61$902,362$564,973$487,620$796,142
62$965,669$563,923$475,222$831,143
63$1,034,529$561,917$461,504$868,871
64$1,109,480$558,879$446,393$909,603
65$1,191,112$554,730$429,812$953,645
66$1,280,077$549,383$411,682$1,001,338
67$1,377,092$542,750$391,921$1,053,057
68$1,482,946$534,735$370,441$1,109,217
69$1,598,506$525,237$347,150$1,170,276
70$1,724,729$514,149$321,955$1,236,743
71$1,862,667$501,358$294,757$1,309,177
72$2,013,478$486,744$265,450$1,388,200
73$2,178,438$470,179$233,927$1,474,496
74$2,358,950$451,530$200,076$1,568,822
75$2,556,562$430,653$163,777$1,672,015
76$2,772,975$407,399$124,907$1,784,999
77$3,010,065$381,609$83,339$1,908,795
78$3,269,898$353,113$38,936$2,044,532
79$3,554,746$321,734$0$2,193,456
80$3,867,116$287,285$0$2,358,114
81$4,209,765$249,566$0$2,544,695
82$4,585,734$208,367$0$2,749,492
83$4,998,368$163,466$0$2,974,381
84$5,451,354$114,629$0$3,221,432
85$5,948,755$61,608$0$3,492,927
86$6,495,043$4,143$0$3,791,387
87$7,095,148$0$0$4,119,592
88$7,754,498$0$0$4,502,324
89$8,479,075$0$0$4,924,677
90$9,275,467$0$0$5,388,949
91$10,150,934$0$0$5,899,377
92$11,113,475$0$0$6,460,633
93$12,171,899$0$0$7,077,862
94$13,335,916$0$0$7,756,732
95$14,616,220$0$0$8,503,491
96$16,024,597$0$0$9,325,020
97$17,574,030$0$0$10,228,902
98$19,278,825$0$0$11,223,490
99$21,154,746$0$0$12,317,990
100$23,219,158$0$0$13,522,545