Can I retire at age 54 with 524,000?

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 $524,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$43,271$42,886$42,510$42,143$41,784$40,941
2 years$21,422$21,023$20,636$20,261$19,897$19,051
3 years$14,139$13,738$13,353$12,981$12,624$11,801
4 years$10,499$10,099$9,717$9,352$9,003$8,211
5 years$8,315$7,918$7,541$7,184$6,844$6,084
6 years$6,860$6,466$6,094$5,745$5,416$4,689
7 years$5,821$5,430$5,064$4,723$4,404$3,711
8 years$5,042$4,654$4,295$3,962$3,654$2,994
9 years$4,436$4,052$3,699$3,375$3,077$2,449
10 years$3,952$3,572$3,225$2,909$2,622$2,026
11 years$3,556$3,180$2,839$2,532$2,255$1,691
12 years$3,226$2,854$2,520$2,221$1,954$1,420
13 years$2,948$2,579$2,251$1,961$1,704$1,200
14 years$2,709$2,345$2,023$1,740$1,494$1,018
15 years$2,502$2,142$1,826$1,552$1,315$868
16 years$2,322$1,965$1,656$1,390$1,162$741
17 years$2,162$1,810$1,507$1,249$1,031$635
18 years$2,021$1,672$1,375$1,125$916$545
19 years$1,894$1,550$1,259$1,017$817$469
20 years$1,781$1,440$1,156$921$730$404
21 years$1,678$1,341$1,063$836$653$349
22 years$1,585$1,252$980$760$585$301
23 years$1,500$1,171$905$692$525$261
24 years$1,422$1,097$837$631$472$226
25 years$1,351$1,030$775$576$425$195
26 years$1,285$968$719$527$383$169
27 years$1,224$911$667$482$345$147
28 years$1,168$858$620$442$311$127
29 years$1,115$810$577$405$281$111
30 years$1,067$765$538$372$254$96
31 years$1,021$723$501$342$230$83
32 years$978$684$468$314$208$72
33 years$938$648$437$289$188$63
34 years$901$614$408$266$170$55
35 years$866$582$381$245$154$48
36 years$832$553$357$225$140$41
37 years$801$525$334$208$127$36
38 years$771$499$313$191$115$31
39 years$743$474$293$176$104$27
40 years$716$451$275$163$94$24
41 years$691$430$258$150$86$21
42 years$667$409$242$139$78$18
43 years$644$390$227$128$71$16
44 years$623$372$213$118$64$14
45 years$602$354$200$109$58$12
46 years$582$338$188$101$53$10
47 years$563$323$176$93$48$9
48 years$545$308$166$86$44$8
49 years$528$294$156$79$40$7
50 years$512$281$146$73$36$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $524,000, adding $6,955 every year, while hoping to spend $42,042 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: 51/36/13 Blend
53$524,000$524,000$524,000$524,000
54$584,622$556,850$548,728$612,052
55$599,521$539,403$522,378$614,138
56$614,531$519,693$493,736$611,387
57$629,618$497,563$462,682$607,444
58$644,745$472,849$429,087$602,210
59$659,869$445,378$392,821$595,578
60$674,939$414,966$353,745$587,431
61$689,902$381,418$311,714$577,646
62$704,693$344,529$266,578$566,090
63$719,243$304,082$218,179$552,619
64$733,471$259,847$166,353$537,081
65$747,287$211,582$110,928$519,310
66$760,591$159,030$51,725$499,130
67$773,270$101,921$0$476,349
68$785,198$39,970$0$452,352
69$796,234$0$0$433,089
70$806,220$0$0$421,915
71$814,981$0$0$425,856
72$822,322$0$0$428,968
73$828,024$0$0$431,127
74$831,845$0$0$432,196
75$833,515$0$0$432,022
76$832,736$0$0$430,437
77$829,175$0$0$427,251
78$822,462$0$0$422,258
79$812,190$0$0$415,225
80$797,903$0$0$405,897
81$779,100$0$0$393,989
82$755,223$0$0$379,187
83$725,655$0$0$361,144
84$689,713$0$0$339,473
85$646,641$0$0$313,749
86$595,603$0$0$283,500
87$535,674$0$0$248,204
88$465,831$0$0$207,286
89$384,943$0$0$160,108
90$291,759$0$0$105,965
91$184,899$0$0$44,080
92$62,835$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0