Can I retire at age 54 with 533,000?

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 $533,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$44,015$43,623$43,240$42,867$42,502$41,274
2 years$21,789$21,384$20,990$20,609$20,239$19,012
3 years$14,382$13,974$13,582$13,204$12,841$11,652
4 years$10,679$10,273$9,884$9,513$9,158$8,018
5 years$8,458$8,054$7,671$7,307$6,962$5,873
6 years$6,977$6,577$6,199$5,843$5,509$4,472
7 years$5,920$5,523$5,151$4,804$4,480$3,495
8 years$5,128$4,734$4,369$4,030$3,717$2,784
9 years$4,512$4,122$3,763$3,433$3,130$2,248
10 years$4,020$3,633$3,281$2,959$2,667$1,834
11 years$3,617$3,235$2,888$2,575$2,294$1,509
12 years$3,282$2,903$2,563$2,259$1,988$1,250
13 years$2,998$2,624$2,290$1,994$1,733$1,040
14 years$2,755$2,385$2,058$1,770$1,519$870
15 years$2,545$2,179$1,858$1,579$1,338$730
16 years$2,361$1,999$1,684$1,414$1,182$614
17 years$2,199$1,841$1,533$1,270$1,048$518
18 years$2,056$1,701$1,399$1,145$932$437
19 years$1,927$1,576$1,281$1,034$831$370
20 years$1,811$1,465$1,175$937$742$314
21 years$1,707$1,365$1,081$850$664$266
22 years$1,612$1,274$996$773$595$226
23 years$1,526$1,191$920$704$534$192
24 years$1,447$1,116$851$642$480$163
25 years$1,374$1,047$788$586$432$139
26 years$1,307$984$731$536$389$118
27 years$1,245$926$679$491$351$101
28 years$1,188$873$631$450$317$86
29 years$1,135$824$587$412$286$73
30 years$1,085$778$547$378$258$62
31 years$1,039$735$510$348$234$53
32 years$995$696$476$319$211$45
33 years$955$659$444$294$191$39
34 years$916$624$415$270$173$33
35 years$880$592$388$249$157$28
36 years$847$562$363$229$142$24
37 years$815$534$340$211$129$21
38 years$784$507$318$195$117$18
39 years$756$483$298$179$106$15
40 years$729$459$279$165$96$13
41 years$703$437$262$153$87$11
42 years$679$416$246$141$79$9
43 years$655$397$231$130$72$8
44 years$633$378$216$120$65$7
45 years$612$360$203$111$59$6
46 years$592$344$191$102$54$5
47 years$573$328$179$95$49$4
48 years$555$313$169$87$44$4
49 years$537$299$158$81$40$3
50 years$520$286$149$75$37$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $533,000, adding $3,868 every year, while hoping to spend $32,828 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: 49/29/22 Blend
53$533,000$533,000$533,000$533,000
54$591,356$563,107$554,845$616,493
55$616,745$555,770$538,504$627,040
56$643,624$546,974$520,515$634,867
57$672,110$536,612$500,788$642,692
58$702,331$524,571$479,230$650,530
59$734,427$510,733$455,742$658,398
60$768,550$494,971$430,222$666,315
61$804,870$477,153$402,562$674,309
62$843,569$457,135$372,650$682,410
63$884,848$434,770$340,369$690,655
64$928,928$409,899$305,596$699,085
65$976,049$382,355$268,204$707,753
66$1,026,476$351,960$228,059$716,716
67$1,080,500$318,529$185,022$726,043
68$1,138,437$281,863$138,947$735,812
69$1,200,637$241,754$89,681$746,113
70$1,267,483$197,981$37,067$757,051
71$1,339,396$150,312$0$768,745
72$1,416,836$98,499$0$785,807
73$1,500,312$42,283$0$813,490
74$1,590,378$0$0$843,301
75$1,687,649$0$0$881,419
76$1,792,795$0$0$937,255
77$1,906,556$0$0$997,712
78$2,029,743$0$0$1,063,230
79$2,163,250$0$0$1,134,288
80$2,308,059$0$0$1,211,417
81$2,465,249$0$0$1,295,197
82$2,636,009$0$0$1,386,270
83$2,821,644$0$0$1,485,340
84$3,023,591$0$0$1,593,182
85$3,243,433$0$0$1,710,648
86$3,482,909$0$0$1,838,676
87$3,743,934$0$0$1,978,301
88$4,028,615$0$0$2,130,657
89$4,339,271$0$0$2,296,997
90$4,678,456$0$0$2,478,697
91$5,048,981$0$0$2,677,275
92$5,453,938$0$0$2,894,398
93$5,896,736$0$0$3,131,905
94$6,381,122$0$0$3,391,819
95$6,911,229$0$0$3,676,370
96$7,491,602$0$0$3,988,009
97$8,127,249$0$0$4,329,441
98$8,823,685$0$0$4,703,640
99$9,586,981$0$0$5,113,885
100$10,423,828$0$0$5,563,784