Can I retire at age 54 with 531,000?

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 $531,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$43,849$43,459$43,078$42,706$42,343$41,727
2 years$21,708$21,303$20,912$20,532$20,163$19,544
3 years$14,328$13,922$13,531$13,155$12,792$12,189
4 years$10,639$10,234$9,847$9,477$9,124$8,541
5 years$8,426$8,024$7,642$7,279$6,936$6,376
6 years$6,951$6,552$6,176$5,821$5,488$4,951
7 years$5,898$5,502$5,132$4,786$4,463$3,949
8 years$5,109$4,716$4,352$4,015$3,703$3,212
9 years$4,495$4,107$3,749$3,420$3,118$2,650
10 years$4,005$3,620$3,268$2,948$2,657$2,211
11 years$3,603$3,222$2,877$2,566$2,285$1,861
12 years$3,269$2,892$2,554$2,250$1,980$1,578
13 years$2,987$2,614$2,281$1,987$1,727$1,345
14 years$2,745$2,376$2,050$1,764$1,514$1,153
15 years$2,536$2,170$1,851$1,573$1,333$991
16 years$2,353$1,991$1,678$1,408$1,178$856
17 years$2,191$1,834$1,527$1,265$1,044$740
18 years$2,048$1,695$1,394$1,140$929$642
19 years$1,920$1,571$1,276$1,030$828$558
20 years$1,805$1,459$1,171$933$739$486
21 years$1,701$1,359$1,077$847$662$424
22 years$1,606$1,269$993$770$593$370
23 years$1,520$1,187$917$701$532$324
24 years$1,441$1,112$848$640$478$283
25 years$1,369$1,044$785$584$431$248
26 years$1,302$981$728$534$388$217
27 years$1,241$923$676$489$350$191
28 years$1,183$870$629$448$315$167
29 years$1,130$821$585$411$285$147
30 years$1,081$775$545$377$257$129
31 years$1,035$733$508$346$233$113
32 years$991$693$474$318$211$100
33 years$951$656$443$293$191$88
34 years$913$622$413$269$172$77
35 years$877$590$387$248$156$68
36 years$843$560$362$228$142$60
37 years$812$532$338$210$128$52
38 years$781$506$317$194$116$46
39 years$753$481$297$179$105$41
40 years$726$457$278$165$96$36
41 years$700$435$261$152$87$32
42 years$676$415$245$140$79$28
43 years$653$395$230$130$71$24
44 years$631$377$216$120$65$22
45 years$610$359$202$110$59$19
46 years$590$343$190$102$53$17
47 years$571$327$179$94$49$15
48 years$553$312$168$87$44$13
49 years$535$298$158$81$40$11
50 years$518$285$148$74$36$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $531,000, adding $6,034 every year, while hoping to spend $42,652 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: 74/21/5 Blend
53$531,000$531,000$531,000$531,000
54$591,386$563,243$555,013$634,476
55$606,326$545,461$528,224$645,871
56$621,360$525,377$499,109$652,327
57$636,454$502,835$467,543$658,167
58$651,566$477,668$433,400$663,315
59$666,650$449,698$396,543$667,688
60$681,654$418,740$356,834$671,193
61$696,520$384,595$314,125$673,733
62$711,180$347,055$268,263$675,199
63$725,560$305,900$219,089$675,474
64$739,574$260,896$166,435$674,427
65$753,128$211,797$110,128$671,920
66$766,115$158,343$49,985$667,797
67$778,415$100,259$0$661,893
68$789,897$37,255$0$654,781
69$800,410$0$0$648,401
70$809,789$0$0$647,033
71$817,848$0$0$653,185
72$824,381$0$0$658,079
73$829,159$0$0$661,528
74$831,925$0$0$663,323
75$832,397$0$0$663,233
76$830,259$0$0$660,999
77$825,161$0$0$656,335
78$816,715$0$0$648,926
79$804,490$0$0$638,418
80$788,009$0$0$624,423
81$766,743$0$0$606,508
82$740,106$0$0$584,195
83$707,449$0$0$556,955
84$668,054$0$0$524,201
85$621,128$0$0$485,285
86$565,790$0$0$439,489
87$501,069$0$0$386,021
88$425,890$0$0$324,002
89$339,065$0$0$252,464
90$239,280$0$0$170,334
91$125,084$0$0$76,429
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