Can I retire at age 54 with 530,000?

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 $530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$43,767$43,377$42,997$42,625$42,263$40,845
2 years$21,667$21,263$20,872$20,493$20,125$18,710
3 years$14,301$13,896$13,506$13,130$12,768$11,401
4 years$10,619$10,215$9,829$9,459$9,106$7,798
5 years$8,410$8,009$7,627$7,266$6,923$5,676
6 years$6,938$6,540$6,164$5,811$5,478$4,293
7 years$5,887$5,492$5,122$4,777$4,455$3,333
8 years$5,099$4,708$4,344$4,007$3,696$2,636
9 years$4,487$4,099$3,742$3,413$3,112$2,113
10 years$3,997$3,613$3,262$2,942$2,652$1,711
11 years$3,597$3,216$2,872$2,561$2,281$1,397
12 years$3,263$2,887$2,549$2,246$1,976$1,148
13 years$2,981$2,609$2,277$1,983$1,723$948
14 years$2,740$2,371$2,046$1,760$1,511$786
15 years$2,531$2,166$1,847$1,570$1,330$653
16 years$2,348$1,988$1,675$1,406$1,176$545
17 years$2,187$1,830$1,524$1,263$1,042$456
18 years$2,044$1,691$1,391$1,138$927$381
19 years$1,916$1,568$1,274$1,028$826$320
20 years$1,801$1,457$1,169$931$738$269
21 years$1,697$1,357$1,075$845$660$226
22 years$1,603$1,267$991$769$592$190
23 years$1,517$1,185$915$700$531$160
24 years$1,439$1,110$846$638$478$135
25 years$1,366$1,042$784$583$430$114
26 years$1,300$979$727$533$387$96
27 years$1,238$921$675$488$349$81
28 years$1,181$868$627$447$315$68
29 years$1,128$819$584$410$284$58
30 years$1,079$773$544$376$257$49
31 years$1,033$731$507$346$232$41
32 years$990$692$473$318$210$35
33 years$949$655$442$292$190$29
34 years$911$621$413$269$172$25
35 years$875$589$386$247$156$21
36 years$842$559$361$228$141$18
37 years$810$531$338$210$128$15
38 years$780$505$316$193$116$13
39 years$752$480$296$178$105$11
40 years$725$456$278$165$95$9
41 years$699$435$261$152$87$8
42 years$675$414$244$140$79$6
43 years$652$394$229$129$71$5
44 years$630$376$215$119$65$5
45 years$609$358$202$110$59$4
46 years$589$342$190$102$53$3
47 years$570$326$178$94$48$3
48 years$552$311$168$87$44$2
49 years$534$297$158$80$40$2
50 years$517$284$148$74$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $530,000, adding $2,024 every year, while hoping to spend $35,766 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: 67/7/26 Blend
53$530,000$530,000$530,000$530,000
54$586,148$558,058$549,843$621,335
55$607,880$547,348$530,208$634,549
56$630,630$534,914$508,716$644,755
57$654,465$520,635$485,268$655,103
58$679,455$504,381$459,759$665,609
59$705,678$486,015$432,080$676,290
60$733,219$465,391$402,117$687,168
61$762,170$442,358$369,750$698,267
62$792,629$416,751$334,855$709,616
63$824,706$388,401$297,301$721,247
64$858,519$357,125$256,954$733,197
65$894,196$322,732$213,669$745,510
66$931,877$285,020$167,301$758,234
67$971,716$243,773$117,692$771,426
68$1,013,879$198,766$64,683$785,147
69$1,058,549$149,759$8,104$799,471
70$1,105,924$96,501$0$814,479
71$1,156,223$38,724$0$844,764
72$1,209,684$0$0$879,270
73$1,266,566$0$0$917,755
74$1,327,156$0$0$961,942
75$1,391,765$0$0$1,009,080
76$1,460,735$0$0$1,059,421
77$1,534,441$0$0$1,113,239
78$1,613,293$0$0$1,170,838
79$1,697,742$0$0$1,232,550
80$1,788,282$0$0$1,298,739
81$1,885,453$0$0$1,369,803
82$1,989,851$0$0$1,446,182
83$2,102,129$0$0$1,528,356
84$2,223,002$0$0$1,616,854
85$2,353,257$0$0$1,712,256
86$2,493,759$0$0$1,815,199
87$2,645,457$0$0$1,926,383
88$2,809,394$0$0$2,046,578
89$2,986,717$0$0$2,176,630
90$3,178,686$0$0$2,317,468
91$3,386,687$0$0$2,470,115
92$3,612,242$0$0$2,635,693
93$3,857,028$0$0$2,815,440
94$4,122,887$0$0$3,010,715
95$4,411,844$0$0$3,223,013
96$4,726,132$0$0$3,453,979
97$5,068,201$0$0$3,705,424
98$5,440,751$0$0$3,979,339
99$5,846,753$0$0$4,277,916
100$6,289,474$0$0$4,603,567