Can I retire at age 54 with 534,000?

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 $534,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$44,097$43,704$43,321$42,947$42,582$41,688
2 years$21,830$21,424$21,030$20,648$20,277$19,381
3 years$14,409$14,001$13,608$13,229$12,865$11,994
4 years$10,699$10,292$9,903$9,531$9,175$8,337
5 years$8,474$8,069$7,685$7,321$6,975$6,171
6 years$6,991$6,589$6,211$5,854$5,519$4,750
7 years$5,932$5,533$5,161$4,813$4,488$3,755
8 years$5,138$4,743$4,377$4,038$3,724$3,026
9 years$4,521$4,130$3,770$3,439$3,136$2,473
10 years$4,027$3,640$3,287$2,965$2,672$2,043
11 years$3,624$3,241$2,894$2,580$2,298$1,703
12 years$3,288$2,909$2,568$2,263$1,991$1,429
13 years$3,004$2,629$2,294$1,998$1,736$1,205
14 years$2,761$2,389$2,061$1,774$1,522$1,022
15 years$2,550$2,183$1,861$1,582$1,340$869
16 years$2,366$2,003$1,687$1,416$1,184$742
17 years$2,204$1,844$1,536$1,272$1,050$634
18 years$2,059$1,704$1,402$1,147$934$544
19 years$1,931$1,579$1,283$1,036$832$467
20 years$1,815$1,468$1,178$938$743$402
21 years$1,710$1,367$1,083$852$665$346
22 years$1,615$1,276$998$774$596$299
23 years$1,529$1,194$922$705$535$258
24 years$1,450$1,118$853$643$481$223
25 years$1,377$1,049$790$587$433$193
26 years$1,310$986$732$537$390$167
27 years$1,248$928$680$492$352$144
28 years$1,190$875$632$450$317$125
29 years$1,137$825$588$413$286$108
30 years$1,087$779$548$379$259$94
31 years$1,041$737$511$348$234$82
32 years$997$697$477$320$212$71
33 years$956$660$445$294$192$61
34 years$918$626$416$271$173$53
35 years$882$593$389$249$157$46
36 years$848$563$364$230$142$40
37 years$816$535$340$211$129$35
38 years$786$508$319$195$117$30
39 years$757$483$299$180$106$26
40 years$730$460$280$166$96$23
41 years$704$438$262$153$87$20
42 years$680$417$246$141$79$17
43 years$657$397$231$130$72$15
44 years$634$379$217$120$65$13
45 years$613$361$204$111$59$11
46 years$593$344$191$103$54$10
47 years$574$329$180$95$49$8
48 years$556$314$169$88$44$7
49 years$538$300$159$81$40$6
50 years$521$286$149$75$37$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $534,000, adding $6,949 every year, while hoping to spend $28,834 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: 76/16/8 Blend
53$534,000$534,000$534,000$534,000
54$595,636$567,334$559,057$639,670
55$625,712$564,454$547,106$666,720
56$657,889$560,467$533,789$691,983
57$692,351$555,287$519,028$718,844
58$729,300$548,826$502,745$747,450
59$768,957$540,987$484,856$777,962
60$811,566$531,670$465,273$810,561
61$857,392$520,768$443,906$845,444
62$906,728$508,168$420,659$882,830
63$959,896$493,750$395,433$922,959
64$1,017,248$477,386$368,123$966,097
65$1,079,173$458,944$338,620$1,012,538
66$1,146,096$438,280$306,811$1,062,605
67$1,218,486$415,244$272,578$1,116,656
68$1,296,858$389,677$235,795$1,175,085
69$1,381,777$361,411$196,334$1,238,328
70$1,473,866$330,268$154,060$1,306,863
71$1,573,810$296,060$108,830$1,381,223
72$1,682,360$258,589$60,498$1,461,990
73$1,800,346$217,645$8,909$1,549,812
74$1,928,677$173,005$0$1,645,400
75$2,068,356$124,436$0$1,753,480
76$2,220,484$71,690$0$1,872,048
77$2,386,277$14,506$0$2,001,315
78$2,567,068$0$0$2,142,352
79$2,764,328$0$0$2,304,687
80$2,979,674$0$0$2,484,713
81$3,214,888$0$0$2,681,368
82$3,471,928$0$0$2,896,293
83$3,752,954$0$0$3,131,295
84$4,060,341$0$0$3,388,364
85$4,396,707$0$0$3,669,690
86$4,764,931$0$0$3,977,688
87$5,168,186$0$0$4,315,012
88$5,609,967$0$0$4,684,588
89$6,094,120$0$0$5,089,639
90$6,624,882$0$0$5,533,712
91$7,206,921$0$0$6,020,716
92$7,845,376$0$0$6,554,956
93$8,545,910$0$0$7,141,172
94$9,314,757$0$0$7,784,586
95$10,158,787$0$0$8,490,952
96$11,085,567$0$0$9,266,606
97$12,103,432$0$0$10,118,529
98$13,221,564$0$0$11,054,409
99$14,450,079$0$0$12,082,718
100$15,800,119$0$0$13,212,789