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%15.4%
1 years$43,189$42,804$42,429$42,062$41,705$40,779
2 years$21,381$20,982$20,597$20,222$19,859$18,932
3 years$14,112$13,712$13,327$12,957$12,600$11,699
4 years$10,479$10,080$9,699$9,335$8,986$8,119
5 years$8,299$7,903$7,527$7,170$6,831$6,001
6 years$6,847$6,453$6,083$5,734$5,405$4,612
7 years$5,809$5,419$5,055$4,714$4,396$3,640
8 years$5,032$4,645$4,287$3,954$3,647$2,927
9 years$4,428$4,045$3,692$3,368$3,071$2,388
10 years$3,944$3,565$3,219$2,904$2,617$1,970
11 years$3,549$3,174$2,834$2,527$2,251$1,638
12 years$3,220$2,849$2,515$2,216$1,950$1,372
13 years$2,942$2,574$2,247$1,957$1,701$1,155
14 years$2,704$2,340$2,019$1,737$1,491$977
15 years$2,497$2,138$1,823$1,549$1,313$829
16 years$2,317$1,961$1,653$1,387$1,160$706
17 years$2,158$1,806$1,504$1,246$1,029$603
18 years$2,017$1,669$1,373$1,123$915$516
19 years$1,891$1,547$1,257$1,015$815$442
20 years$1,778$1,437$1,153$919$728$380
21 years$1,675$1,339$1,061$834$652$326
22 years$1,582$1,250$978$758$584$281
23 years$1,497$1,169$903$691$524$242
24 years$1,420$1,095$835$630$471$209
25 years$1,348$1,028$773$575$424$180
26 years$1,283$966$717$526$382$155
27 years$1,222$909$666$482$344$134
28 years$1,166$857$619$441$311$116
29 years$1,113$808$576$405$281$100
30 years$1,065$763$537$371$254$87
31 years$1,019$721$500$341$229$75
32 years$977$683$467$313$207$65
33 years$937$646$436$288$188$56
34 years$899$613$407$265$170$49
35 years$864$581$381$244$154$42
36 years$831$552$356$225$139$36
37 years$799$524$333$207$126$32
38 years$770$498$312$191$115$27
39 years$742$473$292$176$104$24
40 years$715$450$274$162$94$20
41 years$690$429$257$150$85$18
42 years$666$408$241$138$78$15
43 years$643$389$226$128$70$13
44 years$621$371$212$118$64$12
45 years$601$354$199$109$58$10
46 years$581$337$187$101$53$9
47 years$562$322$176$93$48$7
48 years$544$307$165$86$43$6
49 years$527$294$155$79$39$6
50 years$511$280$146$73$36$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $523,000, adding $3,959 every year, while hoping to spend $37,309 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: 83/8/9 Blend
53$523,000$523,000$523,000$523,000
54$580,430$552,711$544,604$627,562
55$599,937$540,097$523,152$646,360
56$620,184$525,615$499,731$661,600
57$641,206$509,133$474,235$677,191
58$663,041$490,514$446,555$693,148
59$685,732$469,609$416,575$709,485
60$709,322$446,265$384,175$726,219
61$733,857$420,316$349,229$743,366
62$759,389$391,590$311,607$760,947
63$785,971$359,903$271,170$778,982
64$813,663$325,061$227,777$797,497
65$842,526$286,858$181,277$816,517
66$872,627$245,078$131,513$836,071
67$904,040$199,492$78,324$856,192
68$936,844$149,858$21,539$876,915
69$971,121$95,921$0$898,279
70$1,006,965$37,410$0$924,080
71$1,044,474$0$0$953,067
72$1,083,754$0$0$985,527
73$1,124,923$0$0$1,023,002
74$1,168,106$0$0$1,062,312
75$1,213,439$0$0$1,103,584
76$1,261,071$0$0$1,146,953
77$1,311,163$0$0$1,192,566
78$1,363,890$0$0$1,240,582
79$1,419,444$0$0$1,291,177
80$1,478,032$0$0$1,344,541
81$1,539,881$0$0$1,400,880
82$1,605,238$0$0$1,460,420
83$1,674,372$0$0$1,523,408
84$1,747,579$0$0$1,590,113
85$1,825,178$0$0$1,660,828
86$1,907,522$0$0$1,735,874
87$1,994,995$0$0$1,815,602
88$2,088,016$0$0$1,900,397
89$2,187,046$0$0$1,990,679
90$2,292,587$0$0$2,086,907
91$2,405,192$0$0$2,189,586
92$2,525,463$0$0$2,299,267
93$2,654,062$0$0$2,416,556
94$2,791,715$0$0$2,542,114
95$2,939,217$0$0$2,676,671
96$3,097,441$0$0$2,821,023
97$3,267,344$0$0$2,976,046
98$3,449,977$0$0$3,142,700
99$3,646,493$0$0$3,322,041
100$3,858,160$0$0$3,515,227