Can I retire at age 54 with 527,000?

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 $527,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$43,519$43,132$42,753$42,384$42,024$41,260
2 years$21,544$21,143$20,754$20,377$20,011$19,244
3 years$14,220$13,817$13,429$13,056$12,696$11,950
4 years$10,559$10,157$9,773$9,406$9,055$8,335
5 years$8,363$7,963$7,584$7,225$6,883$6,193
6 years$6,899$6,503$6,129$5,778$5,447$4,785
7 years$5,854$5,461$5,093$4,750$4,430$3,798
8 years$5,070$4,681$4,320$3,985$3,675$3,073
9 years$4,461$4,076$3,720$3,394$3,095$2,522
10 years$3,974$3,592$3,244$2,926$2,637$2,093
11 years$3,576$3,198$2,856$2,546$2,268$1,751
12 years$3,245$2,870$2,534$2,233$1,965$1,476
13 years$2,964$2,594$2,264$1,972$1,714$1,251
14 years$2,724$2,358$2,034$1,750$1,502$1,066
15 years$2,517$2,154$1,837$1,561$1,323$911
16 years$2,335$1,976$1,665$1,398$1,169$781
17 years$2,175$1,820$1,515$1,256$1,036$672
18 years$2,032$1,682$1,383$1,132$922$579
19 years$1,905$1,559$1,266$1,023$821$500
20 years$1,791$1,448$1,162$926$734$432
21 years$1,688$1,349$1,069$841$657$375
22 years$1,594$1,259$985$764$589$325
23 years$1,509$1,178$910$696$528$282
24 years$1,431$1,104$841$635$475$245
25 years$1,359$1,036$779$580$427$213
26 years$1,292$973$723$530$385$185
27 years$1,231$916$671$485$347$161
28 years$1,175$863$624$445$313$141
29 years$1,122$814$581$408$283$123
30 years$1,073$769$541$374$255$107
31 years$1,027$727$504$344$231$93
32 years$984$688$470$316$209$81
33 years$944$651$439$290$189$71
34 years$906$617$410$267$171$62
35 years$870$586$384$246$155$54
36 years$837$556$359$227$140$47
37 years$805$528$336$209$127$41
38 years$776$502$315$192$115$36
39 years$747$477$295$177$105$31
40 years$720$454$276$164$95$27
41 years$695$432$259$151$86$24
42 years$671$411$243$139$78$21
43 years$648$392$228$129$71$18
44 years$626$374$214$119$64$16
45 years$605$356$201$110$58$14
46 years$585$340$189$101$53$12
47 years$567$324$177$94$48$11
48 years$548$310$167$86$44$9
49 years$531$296$157$80$40$8
50 years$515$283$147$74$36$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $527,000, adding $4,188 every year, while hoping to spend $28,558 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: 37/46/17 Blend
53$527,000$527,000$527,000$527,000
54$585,074$557,143$548,974$603,569
55$614,366$554,057$536,980$614,206
56$645,689$549,864$523,626$622,671
57$679,219$544,477$508,837$631,210
58$715,151$537,808$492,535$639,846
59$753,698$529,762$474,636$648,605
60$795,092$520,238$455,054$657,518
61$839,592$509,129$433,698$666,624
62$887,477$496,324$410,474$675,965
63$939,058$481,702$385,283$685,593
64$994,673$465,136$358,021$695,567
65$1,054,695$446,494$328,581$705,956
66$1,119,535$425,632$296,849$716,838
67$1,189,642$402,403$262,708$728,305
68$1,265,511$376,646$226,034$740,459
69$1,347,686$348,195$186,699$753,420
70$1,436,766$316,872$144,570$767,323
71$1,533,408$282,491$99,504$782,320
72$1,638,335$244,852$51,357$798,585
73$1,752,342$203,748$0$816,316
74$1,876,306$158,956$0$835,738
75$2,011,189$110,245$0$867,041
76$2,158,051$57,367$0$901,211
77$2,318,056$62$0$938,598
78$2,492,488$0$0$979,593
79$2,682,759$0$0$1,055,986
80$2,890,423$0$0$1,139,465
81$3,117,190$0$0$1,230,696
82$3,364,944$0$0$1,330,446
83$3,635,757$0$0$1,439,557
84$3,931,912$0$0$1,558,961
85$4,255,922$0$0$1,689,679
86$4,610,555$0$0$1,832,840
87$4,998,856$0$0$1,989,683
88$5,424,182$0$0$2,161,576
89$5,890,228$0$0$2,350,024
90$6,401,063$0$0$2,556,685
91$6,961,169$0$0$2,783,384
92$7,575,483$0$0$3,032,133
93$8,249,441$0$0$3,305,147
94$8,989,033$0$0$3,604,866
95$9,800,854$0$0$3,933,978
96$10,692,173$0$0$4,295,444
97$11,670,992$0$0$4,692,526
98$12,746,129$0$0$5,128,817
99$13,927,299$0$0$5,608,276
100$15,225,201$0$0$6,135,264