Can I retire at age 54 with 524,000?

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 $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%17.2%
1 years$43,271$42,886$42,510$42,143$41,784$40,561
2 years$21,422$21,023$20,636$20,261$19,897$18,674
3 years$14,139$13,738$13,353$12,981$12,624$11,440
4 years$10,499$10,099$9,717$9,352$9,003$7,868
5 years$8,315$7,918$7,541$7,184$6,844$5,760
6 years$6,860$6,466$6,094$5,745$5,416$4,383
7 years$5,821$5,430$5,064$4,723$4,404$3,424
8 years$5,042$4,654$4,295$3,962$3,654$2,725
9 years$4,436$4,052$3,699$3,375$3,077$2,199
10 years$3,952$3,572$3,225$2,909$2,622$1,794
11 years$3,556$3,180$2,839$2,532$2,255$1,475
12 years$3,226$2,854$2,520$2,221$1,954$1,220
13 years$2,948$2,579$2,251$1,961$1,704$1,015
14 years$2,709$2,345$2,023$1,740$1,494$848
15 years$2,502$2,142$1,826$1,552$1,315$711
16 years$2,322$1,965$1,656$1,390$1,162$598
17 years$2,162$1,810$1,507$1,249$1,031$504
18 years$2,021$1,672$1,375$1,125$916$425
19 years$1,894$1,550$1,259$1,017$817$360
20 years$1,781$1,440$1,156$921$730$305
21 years$1,678$1,341$1,063$836$653$258
22 years$1,585$1,252$980$760$585$219
23 years$1,500$1,171$905$692$525$186
24 years$1,422$1,097$837$631$472$158
25 years$1,351$1,030$775$576$425$135
26 years$1,285$968$719$527$383$114
27 years$1,224$911$667$482$345$97
28 years$1,168$858$620$442$311$83
29 years$1,115$810$577$405$281$71
30 years$1,067$765$538$372$254$60
31 years$1,021$723$501$342$230$51
32 years$978$684$468$314$208$44
33 years$938$648$437$289$188$37
34 years$901$614$408$266$170$32
35 years$866$582$381$245$154$27
36 years$832$553$357$225$140$23
37 years$801$525$334$208$127$20
38 years$771$499$313$191$115$17
39 years$743$474$293$176$104$14
40 years$716$451$275$163$94$12
41 years$691$430$258$150$86$10
42 years$667$409$242$139$78$9
43 years$644$390$227$128$71$8
44 years$623$372$213$118$64$6
45 years$602$354$200$109$58$6
46 years$582$338$188$101$53$5
47 years$563$323$176$93$48$4
48 years$545$308$166$86$44$3
49 years$528$294$156$79$40$3
50 years$512$281$146$73$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $524,000, adding $6,795 every year, while hoping to spend $32,528 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: 47/44/9 Blend
53$524,000$524,000$524,000$524,000
54$584,457$556,685$548,563$610,174
55$609,462$549,353$532,330$621,249
56$635,928$540,572$514,464$629,320
57$663,968$530,235$494,874$637,332
58$693,708$518,233$473,468$645,289
59$725,286$504,445$450,148$653,198
60$758,850$488,748$424,813$661,070
61$794,565$471,009$397,357$668,919
62$832,609$451,087$367,667$676,762
63$873,180$428,835$335,628$684,622
64$916,491$404,095$301,119$692,528
65$962,779$376,701$264,012$700,511
66$1,012,302$346,479$224,176$708,614
67$1,065,342$313,242$181,471$716,884
68$1,122,211$276,795$135,755$725,379
69$1,183,249$236,930$86,875$734,164
70$1,248,830$193,429$34,675$743,320
71$1,319,364$146,061$0$752,935
72$1,395,302$94,581$0$765,135
73$1,477,139$38,731$0$781,706
74$1,565,417$0$0$799,469
75$1,660,735$0$0$829,138
76$1,763,748$0$0$881,516
77$1,875,178$0$0$938,221
78$1,995,816$0$0$999,665
79$2,126,534$0$0$1,066,297
80$2,268,291$0$0$1,138,612
81$2,422,140$0$0$1,217,156
82$2,589,240$0$0$1,302,526
83$2,770,865$0$0$1,395,383
84$2,968,418$0$0$1,496,451
85$3,183,442$0$0$1,606,529
86$3,417,633$0$0$1,726,493
87$3,672,861$0$0$1,857,311
88$3,951,181$0$0$2,000,046
89$4,254,855$0$0$2,155,869
90$4,586,375$0$0$2,326,068
91$4,948,482$0$0$2,512,062
92$5,344,195$0$0$2,715,412
93$5,776,835$0$0$2,937,838
94$6,250,062$0$0$3,181,233
95$6,767,904$0$0$3,447,683
96$7,334,797$0$0$3,739,482
97$7,955,624$0$0$4,059,159
98$8,635,765$0$0$4,409,498
99$9,381,143$0$0$4,793,565
100$10,198,283$0$0$5,214,737