Can I retire at age 54 with 531,000?

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 $531,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$43,849$43,459$43,078$42,706$42,343$41,302
2 years$21,708$21,303$20,912$20,532$20,163$19,121
3 years$14,328$13,922$13,531$13,155$12,792$11,782
4 years$10,639$10,234$9,847$9,477$9,124$8,152
5 years$8,426$8,024$7,642$7,279$6,936$6,006
6 years$6,951$6,552$6,176$5,821$5,488$4,601
7 years$5,898$5,502$5,132$4,786$4,463$3,619
8 years$5,109$4,716$4,352$4,015$3,703$2,900
9 years$4,495$4,107$3,749$3,420$3,118$2,358
10 years$4,005$3,620$3,268$2,948$2,657$1,937
11 years$3,603$3,222$2,877$2,566$2,285$1,605
12 years$3,269$2,892$2,554$2,250$1,980$1,339
13 years$2,987$2,614$2,281$1,987$1,727$1,123
14 years$2,745$2,376$2,050$1,764$1,514$946
15 years$2,536$2,170$1,851$1,573$1,333$800
16 years$2,353$1,991$1,678$1,408$1,178$678
17 years$2,191$1,834$1,527$1,265$1,044$576
18 years$2,048$1,695$1,394$1,140$929$491
19 years$1,920$1,571$1,276$1,030$828$419
20 years$1,805$1,459$1,171$933$739$358
21 years$1,701$1,359$1,077$847$662$306
22 years$1,606$1,269$993$770$593$262
23 years$1,520$1,187$917$701$532$225
24 years$1,441$1,112$848$640$478$193
25 years$1,369$1,044$785$584$431$166
26 years$1,302$981$728$534$388$142
27 years$1,241$923$676$489$350$122
28 years$1,183$870$629$448$315$105
29 years$1,130$821$585$411$285$91
30 years$1,081$775$545$377$257$78
31 years$1,035$733$508$346$233$67
32 years$991$693$474$318$211$58
33 years$951$656$443$293$191$50
34 years$913$622$413$269$172$43
35 years$877$590$387$248$156$37
36 years$843$560$362$228$142$32
37 years$812$532$338$210$128$27
38 years$781$506$317$194$116$24
39 years$753$481$297$179$105$20
40 years$726$457$278$165$96$17
41 years$700$435$261$152$87$15
42 years$676$415$245$140$79$13
43 years$653$395$230$130$71$11
44 years$631$377$216$120$65$10
45 years$610$359$202$110$59$8
46 years$590$343$190$102$53$7
47 years$571$327$179$94$49$6
48 years$553$312$168$87$44$5
49 years$535$298$158$81$40$5
50 years$518$285$148$74$36$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $531,000, adding $2,692 every year, while hoping to spend $33,877 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: 42/39/19 Blend
53$531,000$531,000$531,000$531,000
54$587,939$559,796$551,565$609,258
55$611,864$551,181$533,998$616,010
56$637,094$541,009$514,707$619,815
57$663,726$529,166$493,598$623,231
58$691,866$515,536$470,574$626,241
59$721,631$499,992$445,532$628,826
60$753,146$482,400$418,367$630,969
61$786,550$462,621$388,965$632,655
62$821,994$440,505$357,211$633,870
63$859,642$415,894$322,982$634,601
64$899,675$388,623$286,152$634,840
65$942,290$358,514$246,586$634,580
66$987,704$325,381$204,147$633,817
67$1,036,153$289,028$158,690$632,551
68$1,087,897$249,247$110,062$630,789
69$1,143,219$205,817$58,105$628,540
70$1,202,431$158,506$2,656$625,822
71$1,265,875$107,068$0$622,658
72$1,333,926$51,246$0$630,540
73$1,406,994$0$0$639,368
74$1,485,530$0$0$652,660
75$1,570,031$0$0$690,671
76$1,661,039$0$0$731,659
77$1,759,152$0$0$775,900
78$1,865,027$0$0$823,696
79$1,979,383$0$0$875,380
80$2,103,014$0$0$931,318
81$2,236,790$0$0$991,910
82$2,381,668$0$0$1,057,599
83$2,538,700$0$0$1,128,871
84$2,709,044$0$0$1,206,260
85$2,893,972$0$0$1,290,353
86$3,094,884$0$0$1,381,796
87$3,313,319$0$0$1,481,301
88$3,550,971$0$0$1,589,651
89$3,809,704$0$0$1,707,706
90$4,091,569$0$0$1,836,413
91$4,398,822$0$0$1,976,817
92$4,733,947$0$0$2,130,063
93$5,099,678$0$0$2,297,417
94$5,499,024$0$0$2,480,268
95$5,935,298$0$0$2,680,148
96$6,412,145$0$0$2,898,744
97$6,933,582$0$0$3,137,910
98$7,504,028$0$0$3,399,692
99$8,128,351$0$0$3,686,339
100$8,811,910$0$0$4,000,330