Can I retire at age 54 with 530,000?

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 $530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$43,767$43,377$42,997$42,625$42,263$41,241
2 years$21,667$21,263$20,872$20,493$20,125$19,102
3 years$14,301$13,896$13,506$13,130$12,768$11,776
4 years$10,619$10,215$9,829$9,459$9,106$8,152
5 years$8,410$8,009$7,627$7,266$6,923$6,009
6 years$6,938$6,540$6,164$5,811$5,478$4,605
7 years$5,887$5,492$5,122$4,777$4,455$3,624
8 years$5,099$4,708$4,344$4,007$3,696$2,907
9 years$4,487$4,099$3,742$3,413$3,112$2,364
10 years$3,997$3,613$3,262$2,942$2,652$1,944
11 years$3,597$3,216$2,872$2,561$2,281$1,612
12 years$3,263$2,887$2,549$2,246$1,976$1,345
13 years$2,981$2,609$2,277$1,983$1,723$1,129
14 years$2,740$2,371$2,046$1,760$1,511$951
15 years$2,531$2,166$1,847$1,570$1,330$805
16 years$2,348$1,988$1,675$1,406$1,176$683
17 years$2,187$1,830$1,524$1,263$1,042$581
18 years$2,044$1,691$1,391$1,138$927$495
19 years$1,916$1,568$1,274$1,028$826$423
20 years$1,801$1,457$1,169$931$738$362
21 years$1,697$1,357$1,075$845$660$310
22 years$1,603$1,267$991$769$592$266
23 years$1,517$1,185$915$700$531$228
24 years$1,439$1,110$846$638$478$196
25 years$1,366$1,042$784$583$430$168
26 years$1,300$979$727$533$387$145
27 years$1,238$921$675$488$349$124
28 years$1,181$868$627$447$315$107
29 years$1,128$819$584$410$284$92
30 years$1,079$773$544$376$257$79
31 years$1,033$731$507$346$232$68
32 years$990$692$473$318$210$59
33 years$949$655$442$292$190$51
34 years$911$621$413$269$172$44
35 years$875$589$386$247$156$38
36 years$842$559$361$228$141$32
37 years$810$531$338$210$128$28
38 years$780$505$316$193$116$24
39 years$752$480$296$178$105$21
40 years$725$456$278$165$95$18
41 years$699$435$261$152$87$16
42 years$675$414$244$140$79$13
43 years$652$394$229$129$71$12
44 years$630$376$215$119$65$10
45 years$609$358$202$110$59$9
46 years$589$342$190$102$53$7
47 years$570$326$178$94$48$6
48 years$552$311$168$87$44$6
49 years$534$297$158$80$40$5
50 years$517$284$148$74$36$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $530,000, adding $6,092 every year, while hoping to spend $28,556 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: 60/18/22 Blend
53$530,000$530,000$530,000$530,000
54$590,344$562,254$554,039$621,986
55$620,176$559,421$542,216$641,325
56$652,093$555,492$529,040$658,765
57$686,279$550,384$514,435$677,160
58$722,933$544,006$498,322$696,607
59$762,276$536,266$480,620$717,215
60$804,549$527,064$461,241$739,106
61$850,015$516,292$440,095$762,413
62$898,966$503,840$417,088$787,286
63$951,721$489,589$392,121$813,892
64$1,008,631$473,413$365,091$842,416
65$1,070,080$455,179$335,890$873,061
66$1,136,492$434,746$304,406$906,057
67$1,208,331$411,966$270,521$941,656
68$1,286,110$386,681$234,112$980,138
69$1,370,390$358,725$195,052$1,021,815
70$1,461,789$327,922$153,205$1,067,031
71$1,560,986$294,085$108,432$1,116,170
72$1,668,730$257,018$60,588$1,169,654
73$1,785,842$216,514$9,519$1,227,954
74$1,913,226$172,352$0$1,291,591
75$2,051,879$124,301$0$1,371,700
76$2,202,895$72,115$0$1,461,431
77$2,367,478$15,537$0$1,559,295
78$2,546,956$0$0$1,666,117
79$2,742,787$0$0$1,791,862
80$2,956,578$0$0$1,932,538
81$3,190,098$0$0$2,086,237
82$3,445,293$0$0$2,254,246
83$3,724,307$0$0$2,437,981
84$4,029,500$0$0$2,639,001
85$4,363,470$0$0$2,859,025
86$4,729,077$0$0$3,099,943
87$5,129,474$0$0$3,363,837
88$5,568,129$0$0$3,653,001
89$6,048,863$0$0$3,969,960
90$6,575,885$0$0$4,317,496
91$7,153,830$0$0$4,698,673
92$7,787,802$0$0$5,116,865
93$8,483,423$0$0$5,575,789
94$9,246,889$0$0$6,079,538
95$10,085,019$0$0$6,632,623
96$11,005,330$0$0$7,240,011
97$12,016,098$0$0$7,907,175
98$13,126,445$0$0$8,640,143
99$14,346,415$0$0$9,445,557
100$15,687,076$0$0$10,330,732