Can I retire at age 54 with 526,000?

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 $526,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$43,437$43,050$42,672$42,304$41,944$41,575
2 years$21,503$21,103$20,715$20,338$19,973$19,602
3 years$14,193$13,791$13,404$13,031$12,672$12,309
4 years$10,539$10,138$9,755$9,388$9,038$8,686
5 years$8,347$7,948$7,570$7,211$6,870$6,531
6 years$6,886$6,490$6,118$5,767$5,436$5,110
7 years$5,843$5,451$5,084$4,741$4,421$4,108
8 years$5,061$4,672$4,311$3,977$3,668$3,368
9 years$4,453$4,068$3,713$3,388$3,089$2,802
10 years$3,967$3,586$3,237$2,920$2,632$2,358
11 years$3,570$3,192$2,850$2,541$2,263$2,002
12 years$3,239$2,865$2,529$2,229$1,961$1,712
13 years$2,959$2,589$2,260$1,968$1,710$1,473
14 years$2,719$2,353$2,031$1,747$1,499$1,274
15 years$2,512$2,150$1,833$1,558$1,320$1,106
16 years$2,330$1,973$1,662$1,395$1,167$964
17 years$2,171$1,817$1,513$1,253$1,035$843
18 years$2,029$1,679$1,381$1,130$920$738
19 years$1,902$1,556$1,264$1,021$820$648
20 years$1,788$1,446$1,160$924$732$570
21 years$1,685$1,347$1,067$839$655$503
22 years$1,591$1,257$983$763$587$444
23 years$1,506$1,176$908$695$527$392
24 years$1,428$1,102$840$634$474$347
25 years$1,356$1,034$778$579$426$307
26 years$1,290$972$721$529$384$272
27 years$1,229$914$670$484$346$241
28 years$1,172$862$623$444$313$214
29 years$1,120$813$579$407$282$190
30 years$1,071$768$540$373$255$169
31 years$1,025$726$503$343$231$150
32 years$982$687$469$315$209$134
33 years$942$650$438$290$189$119
34 years$904$616$410$267$171$106
35 years$869$584$383$245$155$94
36 years$835$555$358$226$140$84
37 years$804$527$335$208$127$75
38 years$774$501$314$192$115$66
39 years$746$476$294$177$104$59
40 years$719$453$276$163$95$53
41 years$694$431$259$151$86$47
42 years$670$411$243$139$78$42
43 years$647$391$228$128$71$37
44 years$625$373$214$119$64$33
45 years$604$356$201$109$58$30
46 years$584$339$188$101$53$26
47 years$565$324$177$93$48$24
48 years$547$309$166$86$44$21
49 years$530$295$156$80$40$19
50 years$514$282$147$74$36$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $526,000, adding $6,852 every year, while hoping to spend $42,862 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: 50/25/25 Blend
53$526,000$526,000$526,000$526,000
54$586,720$558,842$550,689$611,617
55$600,960$540,620$523,532$611,441
56$615,217$520,069$494,029$606,387
57$629,446$497,029$462,056$600,030
58$643,598$471,332$427,483$592,265
59$657,616$442,799$390,175$582,980
60$671,439$411,242$349,992$572,054
61$684,993$376,461$306,784$559,358
62$698,200$338,245$260,399$544,752
63$710,969$296,371$210,675$528,087
64$723,200$250,605$157,444$509,202
65$734,779$200,697$100,531$487,925
66$745,580$146,385$39,753$464,069
67$755,462$87,391$0$437,436
68$764,267$23,422$0$414,508
69$771,821$0$0$400,107
70$777,928$0$0$396,033
71$782,371$0$0$397,453
72$784,907$0$0$397,791
73$785,267$0$0$396,897
74$783,154$0$0$394,606
75$778,236$0$0$390,733
76$770,145$0$0$385,075
77$758,473$0$0$377,407
78$742,769$0$0$367,478
79$722,531$0$0$355,011
80$697,205$0$0$339,698
81$666,177$0$0$321,201
82$628,766$0$0$299,143
83$584,220$0$0$273,108
84$531,707$0$0$242,636
85$470,306$0$0$207,219
86$399,000$0$0$166,294
87$316,664$0$0$119,239
88$222,054$0$0$65,369
89$113,796$0$0$3,924
90$0$0$0$0
91$0$0$0$0
92$0$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