Can I retire at age 54 with 538,000?

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 $538,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$44,428$44,032$43,646$43,269$42,901$41,215
2 years$21,994$21,584$21,187$20,802$20,429$18,751
3 years$14,517$14,106$13,710$13,328$12,961$11,344
4 years$10,779$10,369$9,977$9,602$9,244$7,700
5 years$8,537$8,129$7,743$7,375$7,027$5,560
6 years$7,043$6,638$6,257$5,898$5,560$4,172
7 years$5,976$5,575$5,200$4,849$4,522$3,211
8 years$5,176$4,779$4,410$4,068$3,751$2,517
9 years$4,555$4,161$3,798$3,465$3,159$1,999
10 years$4,057$3,667$3,311$2,987$2,692$1,603
11 years$3,651$3,265$2,915$2,599$2,315$1,296
12 years$3,312$2,930$2,587$2,280$2,006$1,054
13 years$3,026$2,648$2,311$2,013$1,749$862
14 years$2,781$2,407$2,077$1,787$1,534$707
15 years$2,569$2,199$1,875$1,594$1,350$582
16 years$2,384$2,018$1,700$1,427$1,193$480
17 years$2,220$1,858$1,547$1,282$1,058$397
18 years$2,075$1,717$1,412$1,155$941$329
19 years$1,945$1,591$1,293$1,044$839$272
20 years$1,828$1,479$1,186$946$749$226
21 years$1,723$1,377$1,091$858$670$188
22 years$1,627$1,286$1,006$780$601$156
23 years$1,540$1,202$929$711$539$130
24 years$1,460$1,127$859$648$485$108
25 years$1,387$1,057$796$592$436$90
26 years$1,319$994$738$541$393$75
27 years$1,257$935$685$495$354$63
28 years$1,199$881$637$454$320$52
29 years$1,145$831$593$416$289$44
30 years$1,095$785$552$382$261$36
31 years$1,048$742$515$351$236$30
32 years$1,005$702$480$322$213$25
33 years$963$665$448$296$193$21
34 years$925$630$419$273$175$18
35 years$889$598$392$251$158$15
36 years$854$567$366$231$143$12
37 years$822$539$343$213$130$10
38 years$792$512$321$196$118$9
39 years$763$487$301$181$107$7
40 years$736$463$282$167$97$6
41 years$710$441$264$154$88$5
42 years$685$420$248$142$80$4
43 years$662$400$233$131$72$3
44 years$639$382$218$121$66$3
45 years$618$364$205$112$60$2
46 years$598$347$193$103$54$2
47 years$578$331$181$96$49$2
48 years$560$316$170$88$45$1
49 years$542$302$160$82$41$1
50 years$525$288$150$75$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $538,000, adding $2,651 every year, while hoping to spend $40,363 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: 47/30/23 Blend
53$538,000$538,000$538,000$538,000
54$595,611$567,097$558,758$619,583
55$613,417$551,938$534,530$621,490
56$631,687$534,685$508,138$619,344
57$650,425$515,190$479,466$616,197
58$669,634$493,301$448,395$611,974
59$689,319$468,854$414,798$606,594
60$709,480$441,679$378,544$599,974
61$730,117$411,591$339,496$592,024
62$751,230$378,401$297,510$582,648
63$772,816$341,903$252,437$571,747
64$794,870$301,882$204,121$559,212
65$817,385$258,113$152,397$544,930
66$840,352$210,354$97,096$528,780
67$863,759$158,352$38,039$510,634
68$887,590$101,839$0$490,355
69$911,827$40,533$0$473,932
70$936,449$0$0$465,439
71$961,428$0$0$463,958
72$986,732$0$0$475,993
73$1,012,326$0$0$488,144
74$1,038,166$0$0$500,388
75$1,064,203$0$0$512,698
76$1,090,381$0$0$525,044
77$1,116,633$0$0$537,390
78$1,142,888$0$0$549,698
79$1,169,059$0$0$561,923
80$1,195,052$0$0$574,013
81$1,220,759$0$0$585,912
82$1,246,059$0$0$597,555
83$1,270,813$0$0$608,869
84$1,294,869$0$0$619,774
85$1,318,053$0$0$630,179
86$1,340,171$0$0$639,982
87$1,361,008$0$0$649,068
88$1,380,320$0$0$657,311
89$1,397,837$0$0$664,570
90$1,413,258$0$0$670,685
91$1,426,246$0$0$675,481
92$1,436,428$0$0$678,763
93$1,443,386$0$0$680,313
94$1,446,658$0$0$679,888
95$1,445,730$0$0$677,221
96$1,440,029$0$0$672,014
97$1,428,922$0$0$663,935
98$1,411,705$0$0$652,619
99$1,387,599$0$0$637,658
100$1,355,738$0$0$618,604