Can I retire at age 54 with 533,000?

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 $533,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$44,015$43,623$43,240$42,867$42,502$42,252
2 years$21,789$21,384$20,990$20,609$20,239$19,987
3 years$14,382$13,974$13,582$13,204$12,841$12,594
4 years$10,679$10,273$9,884$9,513$9,158$8,919
5 years$8,458$8,054$7,671$7,307$6,962$6,731
6 years$6,977$6,577$6,199$5,843$5,509$5,286
7 years$5,920$5,523$5,151$4,804$4,480$4,266
8 years$5,128$4,734$4,369$4,030$3,717$3,511
9 years$4,512$4,122$3,763$3,433$3,130$2,933
10 years$4,020$3,633$3,281$2,959$2,667$2,478
11 years$3,617$3,235$2,888$2,575$2,294$2,114
12 years$3,282$2,903$2,563$2,259$1,988$1,816
13 years$2,998$2,624$2,290$1,994$1,733$1,569
14 years$2,755$2,385$2,058$1,770$1,519$1,363
15 years$2,545$2,179$1,858$1,579$1,338$1,189
16 years$2,361$1,999$1,684$1,414$1,182$1,041
17 years$2,199$1,841$1,533$1,270$1,048$915
18 years$2,056$1,701$1,399$1,145$932$805
19 years$1,927$1,576$1,281$1,034$831$711
20 years$1,811$1,465$1,175$937$742$629
21 years$1,707$1,365$1,081$850$664$557
22 years$1,612$1,274$996$773$595$494
23 years$1,526$1,191$920$704$534$439
24 years$1,447$1,116$851$642$480$390
25 years$1,374$1,047$788$586$432$347
26 years$1,307$984$731$536$389$310
27 years$1,245$926$679$491$351$276
28 years$1,188$873$631$450$317$246
29 years$1,135$824$587$412$286$220
30 years$1,085$778$547$378$258$197
31 years$1,039$735$510$348$234$176
32 years$995$696$476$319$211$157
33 years$955$659$444$294$191$141
34 years$916$624$415$270$173$126
35 years$880$592$388$249$157$113
36 years$847$562$363$229$142$101
37 years$815$534$340$211$129$90
38 years$784$507$318$195$117$81
39 years$756$483$298$179$106$73
40 years$729$459$279$165$96$65
41 years$703$437$262$153$87$58
42 years$679$416$246$141$79$52
43 years$655$397$231$130$72$47
44 years$633$378$216$120$65$42
45 years$612$360$203$111$59$38
46 years$592$344$191$102$54$34
47 years$573$328$179$95$49$30
48 years$555$313$169$87$44$27
49 years$537$299$158$81$40$24
50 years$520$286$149$75$37$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $533,000, adding $5,053 every year, while hoping to spend $51,181 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: 32/44/24 Blend
53$533,000$533,000$533,000$533,000
54$592,578$564,329$556,068$607,041
55$598,565$537,525$520,240$591,608
56$603,447$507,692$481,496$570,056
57$607,058$474,628$439,685$545,808
58$609,211$438,119$394,649$518,659
59$609,702$397,938$346,221$488,391
60$608,301$353,846$294,228$454,771
61$604,754$305,591$238,491$417,547
62$598,779$252,905$178,821$376,450
63$590,063$195,506$115,020$331,191
64$578,260$133,096$46,884$281,459
65$562,985$65,361$0$226,920
66$543,813$0$0$173,831
67$520,273$0$0$132,322
68$491,843$0$0$120,685
69$457,945$0$0$107,069
70$417,943$0$0$91,249
71$371,128$0$0$72,972
72$316,721$0$0$51,962
73$253,858$0$0$27,912
74$181,585$0$0$485
75$98,848$0$0$0
76$4,482$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0