Can I retire at age 54 with 522,000?

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 $522,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$43,106$42,722$42,348$41,982$41,625$40,293
2 years$21,340$20,942$20,557$20,184$19,821$18,491
3 years$14,085$13,686$13,302$12,932$12,576$11,289
4 years$10,459$10,061$9,680$9,317$8,969$7,737
5 years$8,283$7,888$7,512$7,156$6,818$5,643
6 years$6,833$6,441$6,071$5,723$5,395$4,278
7 years$5,798$5,409$5,045$4,705$4,388$3,329
8 years$5,022$4,637$4,279$3,947$3,640$2,639
9 years$4,419$4,037$3,685$3,362$3,065$2,120
10 years$3,937$3,558$3,213$2,898$2,612$1,721
11 years$3,542$3,168$2,829$2,522$2,246$1,409
12 years$3,214$2,843$2,510$2,212$1,947$1,161
13 years$2,936$2,569$2,243$1,953$1,697$961
14 years$2,699$2,336$2,015$1,734$1,488$799
15 years$2,493$2,134$1,819$1,546$1,310$666
16 years$2,313$1,958$1,650$1,384$1,158$557
17 years$2,154$1,803$1,501$1,244$1,027$467
18 years$2,013$1,666$1,370$1,121$913$393
19 years$1,887$1,544$1,254$1,013$814$330
20 years$1,774$1,435$1,151$917$727$278
21 years$1,672$1,336$1,059$833$650$235
22 years$1,579$1,247$976$757$583$198
23 years$1,494$1,167$901$689$523$167
24 years$1,417$1,093$833$629$470$141
25 years$1,346$1,026$772$574$423$120
26 years$1,280$964$716$525$381$101
27 years$1,220$907$665$481$344$86
28 years$1,163$855$618$440$310$72
29 years$1,111$807$575$404$280$61
30 years$1,063$762$536$371$253$52
31 years$1,017$720$499$340$229$44
32 years$975$681$466$313$207$37
33 years$935$645$435$288$187$32
34 years$897$612$406$265$170$27
35 years$862$580$380$244$154$23
36 years$829$551$356$224$139$19
37 years$798$523$333$207$126$16
38 years$768$497$312$191$114$14
39 years$740$473$292$176$104$12
40 years$714$450$274$162$94$10
41 years$688$428$257$150$85$8
42 years$665$408$241$138$77$7
43 years$642$388$226$127$70$6
44 years$620$370$212$118$64$5
45 years$600$353$199$109$58$4
46 years$580$337$187$100$53$4
47 years$561$321$176$93$48$3
48 years$543$307$165$86$43$3
49 years$526$293$155$79$39$2
50 years$510$280$146$73$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $522,000, adding $5,653 every year, while hoping to spend $35,242 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: 54/31/15 Blend
53$522,000$522,000$522,000$522,000
54$581,075$553,409$545,318$609,848
55$602,848$543,029$526,089$619,710
56$625,660$530,959$505,035$626,185
57$649,580$517,079$482,057$632,436
58$674,684$501,263$457,052$638,450
59$701,052$483,375$429,913$644,214
60$728,772$463,273$400,528$649,718
61$757,940$440,807$368,780$654,952
62$788,661$415,818$334,545$659,907
63$821,048$388,136$297,696$664,576
64$855,225$357,584$258,098$668,954
65$891,326$323,974$215,613$673,039
66$929,499$287,106$170,093$676,830
67$969,904$246,771$121,387$680,332
68$1,012,716$202,745$69,336$683,552
69$1,058,128$154,794$13,774$686,502
70$1,106,348$102,670$0$689,199
71$1,157,606$46,112$0$698,953
72$1,212,153$0$0$711,333
73$1,270,261$0$0$729,372
74$1,332,233$0$0$765,415
75$1,398,397$0$0$803,925
76$1,469,113$0$0$845,117
77$1,544,776$0$0$889,226
78$1,625,820$0$0$936,507
79$1,712,721$0$0$987,244
80$1,805,998$0$0$1,041,745
81$1,906,226$0$0$1,100,350
82$2,014,031$0$0$1,163,431
83$2,130,103$0$0$1,231,399
84$2,255,200$0$0$1,304,701
85$2,390,153$0$0$1,383,834
86$2,535,877$0$0$1,469,338
87$2,693,375$0$0$1,561,811
88$2,863,751$0$0$1,661,908
89$3,048,219$0$0$1,770,351
90$3,248,112$0$0$1,887,930
91$3,464,897$0$0$2,015,518
92$3,700,186$0$0$2,154,073
93$3,955,754$0$0$2,304,650
94$4,233,551$0$0$2,468,407
95$4,535,725$0$0$2,646,622
96$4,864,636$0$0$2,840,696
97$5,222,883$0$0$3,052,177
98$5,613,327$0$0$3,282,762
99$6,039,114$0$0$3,534,325
100$6,503,707$0$0$3,808,923