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%13.1%
1 years$44,593$44,195$43,808$43,430$43,060$42,505
2 years$22,076$21,664$21,266$20,880$20,505$19,946
3 years$14,571$14,158$13,761$13,378$13,009$12,464
4 years$10,819$10,408$10,014$9,638$9,278$8,751
5 years$8,569$8,160$7,771$7,403$7,053$6,546
6 years$7,069$6,663$6,280$5,920$5,581$5,094
7 years$5,998$5,596$5,219$4,867$4,539$4,073
8 years$5,195$4,796$4,426$4,083$3,765$3,320
9 years$4,571$4,176$3,812$3,478$3,171$2,746
10 years$4,072$3,681$3,324$2,998$2,702$2,296
11 years$3,665$3,277$2,926$2,609$2,324$1,938
12 years$3,325$2,941$2,597$2,289$2,014$1,647
13 years$3,038$2,658$2,320$2,020$1,756$1,408
14 years$2,792$2,416$2,085$1,794$1,539$1,209
15 years$2,579$2,207$1,882$1,599$1,355$1,043
16 years$2,392$2,025$1,706$1,432$1,198$903
17 years$2,228$1,865$1,553$1,287$1,062$783
18 years$2,083$1,723$1,417$1,160$944$682
19 years$1,952$1,597$1,298$1,048$842$594
20 years$1,835$1,484$1,191$949$752$519
21 years$1,730$1,382$1,095$861$673$454
22 years$1,633$1,290$1,010$783$603$398
23 years$1,546$1,207$932$713$541$349
24 years$1,466$1,131$862$650$487$306
25 years$1,392$1,061$798$594$438$269
26 years$1,324$997$741$543$394$236
27 years$1,262$939$688$497$356$208
28 years$1,204$884$639$456$321$183
29 years$1,150$834$595$418$290$161
30 years$1,099$788$554$383$262$142
31 years$1,052$745$517$352$237$125
32 years$1,008$705$482$324$214$111
33 years$967$668$450$298$194$97
34 years$928$633$420$274$175$86
35 years$892$600$393$252$159$76
36 years$858$570$368$232$144$67
37 years$825$541$344$214$130$59
38 years$795$514$322$197$118$52
39 years$766$489$302$182$107$46
40 years$738$465$283$168$97$41
41 years$712$443$265$155$88$36
42 years$687$422$249$143$80$32
43 years$664$402$234$132$73$28
44 years$642$383$219$122$66$25
45 years$620$365$206$112$60$22
46 years$600$348$193$104$54$19
47 years$581$332$182$96$49$17
48 years$562$317$171$89$45$15
49 years$544$303$160$82$41$13
50 years$527$289$151$76$37$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $540,000, adding $5,393 every year, while hoping to spend $39,515 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: 33/38/29 Blend
53$540,000$540,000$540,000$540,000
54$600,643$572,023$563,653$615,040
55$619,865$558,008$540,492$612,453
56$639,723$541,983$515,230$605,798
57$660,241$523,806$487,756$597,864
58$681,442$503,329$457,953$588,566
59$703,352$480,395$425,697$577,815
60$725,998$454,839$390,862$565,515
61$749,407$426,483$353,313$551,567
62$773,609$395,143$312,912$535,865
63$798,634$360,622$269,511$518,299
64$824,514$322,712$222,959$498,752
65$851,283$281,193$173,097$477,101
66$878,976$235,834$119,758$453,216
67$907,632$186,390$62,770$426,963
68$937,288$132,601$1,951$398,197
69$967,988$74,195$0$366,769
70$999,775$10,882$0$352,001
71$1,032,695$0$0$336,156
72$1,066,797$0$0$342,623
73$1,102,134$0$0$354,046
74$1,138,761$0$0$365,893
75$1,176,737$0$0$378,184
76$1,216,123$0$0$390,940
77$1,256,987$0$0$404,185
78$1,299,398$0$0$417,941
79$1,343,433$0$0$432,234
80$1,389,172$0$0$447,094
81$1,436,700$0$0$462,548
82$1,486,110$0$0$478,629
83$1,537,499$0$0$495,370
84$1,590,975$0$0$512,809
85$1,646,649$0$0$530,984
86$1,704,645$0$0$549,937
87$1,765,092$0$0$569,715
88$1,828,131$0$0$590,367
89$1,893,915$0$0$611,944
90$1,962,608$0$0$634,506
91$2,034,385$0$0$658,113
92$2,109,440$0$0$682,834
93$2,187,977$0$0$708,740
94$2,270,222$0$0$735,910
95$2,356,416$0$0$764,431
96$2,446,823$0$0$794,394
97$2,541,728$0$0$825,902
98$2,641,442$0$0$859,063
99$2,746,300$0$0$893,998
100$2,856,671$0$0$930,837