Can I retire at age 54 with 542,000?

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 $542,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$44,758$44,359$43,970$43,591$43,220$42,911
2 years$22,157$21,745$21,345$20,957$20,581$20,270
3 years$14,625$14,210$13,811$13,427$13,057$12,753
4 years$10,859$10,446$10,051$9,674$9,313$9,018
5 years$8,601$8,190$7,800$7,430$7,079$6,795
6 years$7,095$6,688$6,304$5,942$5,602$5,328
7 years$6,020$5,616$5,238$4,885$4,556$4,293
8 years$5,215$4,814$4,443$4,098$3,779$3,527
9 years$4,588$4,192$3,826$3,491$3,183$2,941
10 years$4,088$3,695$3,336$3,009$2,712$2,481
11 years$3,678$3,289$2,937$2,619$2,332$2,112
12 years$3,337$2,952$2,606$2,297$2,021$1,811
13 years$3,049$2,668$2,329$2,028$1,762$1,562
14 years$2,802$2,425$2,092$1,800$1,545$1,354
15 years$2,588$2,215$1,889$1,605$1,360$1,179
16 years$2,401$2,033$1,713$1,437$1,202$1,030
17 years$2,237$1,872$1,559$1,292$1,066$903
18 years$2,090$1,730$1,423$1,164$948$793
19 years$1,960$1,603$1,302$1,052$845$699
20 years$1,842$1,490$1,195$953$755$617
21 years$1,736$1,388$1,099$864$675$545
22 years$1,640$1,295$1,013$786$605$482
23 years$1,552$1,211$936$716$543$428
24 years$1,471$1,135$865$653$488$379
25 years$1,397$1,065$801$596$439$337
26 years$1,329$1,001$743$545$396$300
27 years$1,266$942$690$499$357$267
28 years$1,208$888$642$457$322$237
29 years$1,154$837$597$419$291$211
30 years$1,103$791$556$385$263$188
31 years$1,056$748$519$353$238$168
32 years$1,012$707$484$325$215$150
33 years$971$670$452$299$194$134
34 years$932$635$422$275$176$119
35 years$895$602$395$253$159$107
36 years$861$572$369$233$144$95
37 years$828$543$345$215$131$85
38 years$798$516$324$198$119$76
39 years$769$491$303$182$108$68
40 years$741$467$284$168$98$61
41 years$715$444$266$155$89$54
42 years$690$423$250$143$80$49
43 years$666$403$234$132$73$43
44 years$644$384$220$122$66$39
45 years$623$367$207$113$60$35
46 years$602$350$194$104$55$31
47 years$583$334$182$96$50$28
48 years$564$319$171$89$45$25
49 years$546$304$161$82$41$22
50 years$529$291$151$76$37$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $542,000, adding $2,220 every year, while hoping to spend $24,644 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: 63/7/30 Blend
53$542,000$542,000$542,000$542,000
54$599,574$570,848$562,447$632,386
55$634,509$572,598$555,068$656,698
56$672,182$573,609$546,616$680,370
57$712,846$573,817$537,028$705,710
58$756,779$573,156$526,241$732,886
59$804,286$571,556$514,186$762,084
60$855,704$568,943$500,792$793,509
61$911,401$565,238$485,984$827,390
62$971,786$560,355$469,686$863,978
63$1,037,303$554,208$451,816$903,551
64$1,108,444$546,701$432,288$946,418
65$1,185,750$537,733$411,014$992,919
66$1,269,815$527,201$387,901$1,043,430
67$1,361,292$514,990$362,853$1,098,366
68$1,460,902$500,983$335,766$1,158,188
69$1,569,436$485,053$306,536$1,223,403
70$1,687,766$467,067$275,052$1,294,571
71$1,816,850$446,885$241,198$1,372,313
72$1,957,743$424,358$204,854$1,457,312
73$2,111,609$399,327$165,892$1,550,325
74$2,279,725$371,626$124,181$1,652,188
75$2,463,501$341,079$79,585$1,763,821
76$2,664,485$307,500$31,958$1,886,244
77$2,884,386$270,690$0$2,020,580
78$3,125,082$230,443$0$2,174,110
79$3,388,644$186,539$0$2,353,475
80$3,677,351$138,744$0$2,549,999
81$3,993,712$86,814$0$2,765,406
82$4,340,492$30,489$0$3,001,596
83$4,720,736$0$0$3,260,662
84$5,137,796$0$0$3,547,259
85$5,595,365$0$0$3,864,311
86$6,097,513$0$0$4,212,292
87$6,648,719$0$0$4,594,312
88$7,253,920$0$0$5,013,797
89$7,918,553$0$0$5,474,523
90$8,648,608$0$0$5,980,645
91$9,450,682$0$0$6,536,746
92$10,332,046$0$0$7,147,870
93$11,300,707$0$0$7,819,577
94$12,365,487$0$0$8,557,991
95$13,536,106$0$0$9,369,858
96$14,823,272$0$0$10,262,613
97$16,238,784$0$0$11,244,446
98$17,795,639$0$0$12,324,379
99$19,508,159$0$0$13,512,355
100$21,392,123$0$0$14,819,327