Can I retire at age 54 with 537,000?

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 $537,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$44,345$43,950$43,565$43,188$42,821$42,641
2 years$21,953$21,544$21,148$20,764$20,391$20,209
3 years$14,490$14,079$13,684$13,303$12,937$12,759
4 years$10,759$10,350$9,958$9,584$9,227$9,054
5 years$8,521$8,114$7,728$7,362$7,014$6,847
6 years$7,030$6,626$6,246$5,887$5,550$5,389
7 years$5,965$5,564$5,190$4,840$4,514$4,359
8 years$5,167$4,770$4,402$4,060$3,744$3,596
9 years$4,546$4,153$3,791$3,459$3,153$3,011
10 years$4,050$3,661$3,305$2,981$2,687$2,550
11 years$3,644$3,259$2,910$2,595$2,311$2,180
12 years$3,306$2,925$2,582$2,276$2,002$1,877
13 years$3,021$2,643$2,307$2,009$1,746$1,627
14 years$2,776$2,403$2,073$1,784$1,531$1,417
15 years$2,564$2,195$1,872$1,591$1,348$1,239
16 years$2,379$2,014$1,697$1,424$1,191$1,088
17 years$2,216$1,855$1,544$1,280$1,056$958
18 years$2,071$1,714$1,410$1,153$939$846
19 years$1,942$1,588$1,290$1,042$837$749
20 years$1,825$1,476$1,184$944$748$664
21 years$1,720$1,375$1,089$857$669$590
22 years$1,624$1,283$1,004$779$600$525
23 years$1,537$1,200$927$709$538$468
24 years$1,458$1,125$857$647$484$417
25 years$1,384$1,055$794$591$435$373
26 years$1,317$992$736$540$392$333
27 years$1,255$933$684$494$354$298
28 years$1,197$880$636$453$319$267
29 years$1,143$830$592$415$288$239
30 years$1,093$784$551$381$260$214
31 years$1,046$741$514$350$235$192
32 years$1,003$701$479$322$213$172
33 years$962$664$448$296$193$155
34 years$923$629$418$272$174$139
35 years$887$597$391$251$158$125
36 years$853$566$366$231$143$112
37 years$821$538$342$213$130$101
38 years$790$511$321$196$118$91
39 years$761$486$300$181$107$81
40 years$734$463$281$167$97$73
41 years$708$440$264$154$88$66
42 years$684$419$248$142$80$59
43 years$660$400$232$131$72$53
44 years$638$381$218$121$66$48
45 years$617$363$205$112$60$43
46 years$597$346$192$103$54$39
47 years$577$331$181$95$49$35
48 years$559$316$170$88$45$32
49 years$541$301$160$81$41$28
50 years$524$288$150$75$37$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $537,000, adding $5,209 every year, while hoping to spend $25,276 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: 75/7/18 Blend
53$537,000$537,000$537,000$537,000
54$597,147$568,686$560,363$639,083
55$631,163$569,658$552,241$668,531
56$667,801$569,831$543,001$697,179
57$707,302$569,138$532,577$727,912
58$749,931$567,510$520,902$760,931
59$795,978$564,873$507,907$796,458
60$845,763$561,147$493,517$834,737
61$899,637$556,249$477,656$876,039
62$957,986$550,091$460,244$920,660
63$1,021,234$542,579$441,195$968,930
64$1,089,847$533,613$420,423$1,021,209
65$1,164,339$523,087$397,834$1,077,898
66$1,245,275$510,891$373,334$1,139,437
67$1,333,273$496,906$346,822$1,206,312
68$1,429,019$481,006$318,192$1,279,058
69$1,533,263$463,059$287,335$1,358,266
70$1,646,832$442,925$254,137$1,444,589
71$1,770,636$420,456$218,478$1,538,745
72$1,905,677$395,494$180,233$1,641,528
73$2,053,056$367,873$139,271$1,753,813
74$2,213,988$337,419$95,457$1,876,563
75$2,389,808$303,946$48,648$2,010,843
76$2,581,986$267,257$0$2,157,827
77$2,792,141$227,145$0$2,319,060
78$3,022,057$183,392$0$2,505,704
79$3,273,694$135,766$0$2,710,013
80$3,549,216$84,024$0$2,933,753
81$3,851,001$27,906$0$3,178,874
82$4,181,671$0$0$3,447,521
83$4,544,113$0$0$3,744,590
84$4,941,504$0$0$4,072,683
85$5,377,347$0$0$4,432,546
86$5,855,498$0$0$4,827,365
87$6,380,204$0$0$5,260,651
88$6,956,146$0$0$5,736,270
89$7,588,475$0$0$6,258,481
90$8,282,871$0$0$6,831,977
91$9,045,587$0$0$7,461,927
92$9,883,512$0$0$8,154,023
93$10,804,237$0$0$8,914,540
94$11,816,124$0$0$9,750,386
95$12,928,383$0$0$10,669,175
96$14,151,163$0$0$11,679,295
97$15,495,645$0$0$12,789,986
98$16,974,149$0$0$14,011,428
99$18,600,245$0$0$15,354,838
100$20,388,886$0$0$16,832,576