Can I retire at age 54 with 540,000?

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 $540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$44,593$44,195$43,808$43,430$43,060$41,665
2 years$22,076$21,664$21,266$20,880$20,505$19,113
3 years$14,571$14,158$13,761$13,378$13,009$11,663
4 years$10,819$10,408$10,014$9,638$9,278$7,989
5 years$8,569$8,160$7,771$7,403$7,053$5,824
6 years$7,069$6,663$6,280$5,920$5,581$4,413
7 years$5,998$5,596$5,219$4,867$4,539$3,432
8 years$5,195$4,796$4,426$4,083$3,765$2,718
9 years$4,571$4,176$3,812$3,478$3,171$2,183
10 years$4,072$3,681$3,324$2,998$2,702$1,771
11 years$3,665$3,277$2,926$2,609$2,324$1,449
12 years$3,325$2,941$2,597$2,289$2,014$1,193
13 years$3,038$2,658$2,320$2,020$1,756$987
14 years$2,792$2,416$2,085$1,794$1,539$820
15 years$2,579$2,207$1,882$1,599$1,355$683
16 years$2,392$2,025$1,706$1,432$1,198$571
17 years$2,228$1,865$1,553$1,287$1,062$479
18 years$2,083$1,723$1,417$1,160$944$402
19 years$1,952$1,597$1,298$1,048$842$338
20 years$1,835$1,484$1,191$949$752$284
21 years$1,730$1,382$1,095$861$673$239
22 years$1,633$1,290$1,010$783$603$202
23 years$1,546$1,207$932$713$541$170
24 years$1,466$1,131$862$650$487$144
25 years$1,392$1,061$798$594$438$122
26 years$1,324$997$741$543$394$103
27 years$1,262$939$688$497$356$87
28 years$1,204$884$639$456$321$74
29 years$1,150$834$595$418$290$62
30 years$1,099$788$554$383$262$53
31 years$1,052$745$517$352$237$45
32 years$1,008$705$482$324$214$38
33 years$967$668$450$298$194$32
34 years$928$633$420$274$175$27
35 years$892$600$393$252$159$23
36 years$858$570$368$232$144$19
37 years$825$541$344$214$130$16
38 years$795$514$322$197$118$14
39 years$766$489$302$182$107$12
40 years$738$465$283$168$97$10
41 years$712$443$265$155$88$8
42 years$687$422$249$143$80$7
43 years$664$402$234$132$73$6
44 years$642$383$219$122$66$5
45 years$620$365$206$112$60$4
46 years$600$348$193$104$54$4
47 years$581$332$182$96$49$3
48 years$562$317$171$89$45$3
49 years$544$303$160$82$41$2
50 years$527$289$151$76$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $540,000, adding $6,577 every year, while hoping to spend $39,296 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: 57/33/10 Blend
53$540,000$540,000$540,000$540,000
54$601,864$573,244$564,874$634,348
55$621,444$559,523$541,987$643,305
56$641,703$543,811$517,016$648,114
57$662,671$525,972$489,850$652,407
58$684,376$505,857$460,372$656,139
59$706,849$483,311$428,461$659,265
60$730,124$458,169$393,991$661,735
61$754,234$430,258$356,828$663,496
62$779,218$399,392$316,833$664,495
63$805,114$365,378$273,862$664,672
64$831,963$328,009$227,764$663,968
65$859,809$287,067$178,381$662,318
66$888,700$242,324$125,547$659,656
67$918,685$193,536$69,090$655,911
68$949,818$140,446$8,832$651,009
69$982,156$82,784$0$644,874
70$1,015,758$20,263$0$643,343
71$1,050,691$0$0$641,802
72$1,087,024$0$0$656,462
73$1,124,832$0$0$679,380
74$1,164,194$0$0$703,249
75$1,205,197$0$0$728,122
76$1,247,933$0$0$754,056
77$1,292,502$0$0$781,112
78$1,339,012$0$0$809,358
79$1,387,578$0$0$838,865
80$1,438,325$0$0$869,710
81$1,491,389$0$0$901,978
82$1,546,915$0$0$935,759
83$1,605,063$0$0$971,153
84$1,666,002$0$0$1,008,264
85$1,729,920$0$0$1,047,210
86$1,797,019$0$0$1,088,115
87$1,867,516$0$0$1,131,117
88$1,941,652$0$0$1,176,363
89$2,019,684$0$0$1,224,015
90$2,101,894$0$0$1,274,249
91$2,188,591$0$0$1,327,256
92$2,280,108$0$0$1,383,246
93$2,376,811$0$0$1,442,446
94$2,479,098$0$0$1,505,105
95$2,587,404$0$0$1,571,495
96$2,702,202$0$0$1,641,911
97$2,824,013$0$0$1,716,679
98$2,953,404$0$0$1,796,152
99$3,090,995$0$0$1,880,720
100$3,237,465$0$0$1,970,807