Can I retire at age 54 with 539,000?

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 $539,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$44,510$44,114$43,727$43,349$42,981$41,925
2 years$22,035$21,624$21,227$20,841$20,467$19,410
3 years$14,544$14,132$13,735$13,353$12,985$11,959
4 years$10,799$10,388$9,996$9,620$9,261$8,275
5 years$8,553$8,145$7,757$7,389$7,040$6,096
6 years$7,056$6,651$6,269$5,909$5,571$4,670
7 years$5,987$5,585$5,209$4,858$4,530$3,673
8 years$5,186$4,788$4,418$4,075$3,758$2,944
9 years$4,563$4,168$3,805$3,471$3,165$2,393
10 years$4,065$3,674$3,317$2,992$2,697$1,966
11 years$3,658$3,271$2,921$2,604$2,319$1,629
12 years$3,319$2,936$2,592$2,284$2,010$1,359
13 years$3,032$2,653$2,316$2,017$1,753$1,140
14 years$2,786$2,412$2,081$1,790$1,536$960
15 years$2,574$2,203$1,879$1,597$1,353$812
16 years$2,388$2,021$1,703$1,430$1,196$688
17 years$2,224$1,862$1,550$1,284$1,060$585
18 years$2,079$1,720$1,415$1,158$943$498
19 years$1,949$1,594$1,295$1,046$840$425
20 years$1,832$1,481$1,189$947$750$363
21 years$1,726$1,380$1,093$860$672$311
22 years$1,630$1,288$1,008$782$602$266
23 years$1,543$1,205$930$712$540$228
24 years$1,463$1,129$861$649$486$196
25 years$1,390$1,059$797$593$437$168
26 years$1,322$996$739$542$394$145
27 years$1,259$937$686$496$355$124
28 years$1,201$883$638$455$320$107
29 years$1,147$833$594$417$289$92
30 years$1,097$787$553$383$261$79
31 years$1,050$744$516$351$236$68
32 years$1,006$704$481$323$214$59
33 years$965$666$449$297$193$50
34 years$927$631$420$273$175$43
35 years$890$599$392$252$159$37
36 years$856$568$367$232$144$32
37 years$824$540$344$213$130$28
38 years$793$513$322$197$118$24
39 years$764$488$301$181$107$21
40 years$737$464$283$167$97$18
41 years$711$442$265$154$88$15
42 years$686$421$249$142$80$13
43 years$663$401$233$132$73$11
44 years$640$382$219$121$66$10
45 years$619$364$206$112$60$8
46 years$599$348$193$104$54$7
47 years$579$332$181$96$49$6
48 years$561$317$170$88$45$5
49 years$543$302$160$82$41$5
50 years$526$289$151$76$37$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $539,000, adding $5,407 every year, while hoping to spend $26,230 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: 21/49/30 Blend
53$539,000$539,000$539,000$539,000
54$599,555$570,988$562,634$606,378
55$632,801$571,058$553,574$613,156
56$668,560$570,252$543,331$617,890
57$707,058$568,500$531,838$622,386
58$748,548$565,727$519,024$626,641
59$793,306$561,853$504,817$630,656
60$841,633$556,794$489,139$634,434
61$893,863$550,460$471,908$637,980
62$950,362$542,758$453,042$641,305
63$1,011,531$533,585$432,451$644,422
64$1,077,813$522,836$410,044$647,351
65$1,149,693$510,399$385,724$650,117
66$1,227,706$496,153$359,390$652,750
67$1,312,440$479,973$330,938$655,290
68$1,404,542$461,724$300,257$657,782
69$1,504,722$441,265$267,233$660,283
70$1,613,764$418,447$231,745$662,861
71$1,732,528$393,111$193,668$665,595
72$1,861,962$365,090$152,872$668,576
73$2,003,108$334,206$109,220$671,914
74$2,157,116$300,272$62,569$675,733
75$2,325,247$263,091$12,771$680,179
76$2,508,893$222,453$0$685,417
77$2,709,585$178,138$0$704,561
78$2,929,008$129,912$0$730,108
79$3,169,018$77,529$0$758,269
80$3,431,658$20,729$0$789,382
81$3,719,179$0$0$823,827
82$4,034,059$0$0$884,006
83$4,379,024$0$0$962,277
84$4,757,082$0$0$1,048,157
85$5,171,540$0$0$1,142,410
86$5,626,043$0$0$1,245,878
87$6,124,607$0$0$1,359,488
88$6,671,653$0$0$1,484,263
89$7,272,051$0$0$1,621,327
90$7,931,166$0$0$1,771,919
91$8,654,908$0$0$1,937,407
92$9,449,786$0$0$2,119,294
93$10,322,972$0$0$2,319,238
94$11,282,367$0$0$2,539,066
95$12,336,673$0$0$2,780,789
96$13,495,479$0$0$3,046,623
97$14,769,348$0$0$3,339,012
98$16,169,917$0$0$3,660,646
99$17,710,008$0$0$4,014,490
100$19,403,748$0$0$4,403,811