Can I retire at age 54 with 543,000?

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 $543,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$44,840$44,441$44,051$43,671$43,300$42,253
2 years$22,198$21,785$21,384$20,996$20,619$19,571
3 years$14,652$14,237$13,837$13,452$13,081$12,064
4 years$10,879$10,465$10,070$9,691$9,330$8,352
5 years$8,616$8,205$7,815$7,444$7,092$6,156
6 years$7,108$6,700$6,315$5,953$5,612$4,718
7 years$6,032$5,627$5,248$4,894$4,564$3,713
8 years$5,224$4,823$4,451$4,106$3,786$2,978
9 years$4,597$4,199$3,833$3,497$3,189$2,422
10 years$4,095$3,702$3,342$3,015$2,717$1,991
11 years$3,685$3,295$2,942$2,624$2,337$1,651
12 years$3,343$2,958$2,611$2,301$2,025$1,378
13 years$3,054$2,673$2,333$2,032$1,766$1,157
14 years$2,807$2,430$2,096$1,803$1,548$975
15 years$2,593$2,219$1,893$1,608$1,363$825
16 years$2,406$2,036$1,716$1,440$1,204$700
17 years$2,241$1,875$1,561$1,294$1,068$595
18 years$2,094$1,733$1,425$1,166$950$507
19 years$1,963$1,606$1,305$1,054$846$433
20 years$1,845$1,492$1,198$954$756$371
21 years$1,739$1,390$1,101$866$677$317
22 years$1,643$1,298$1,015$787$606$272
23 years$1,555$1,214$937$717$544$233
24 years$1,474$1,137$867$654$489$200
25 years$1,400$1,067$803$597$440$172
26 years$1,332$1,003$745$546$397$148
27 years$1,269$944$691$500$358$127
28 years$1,210$889$643$458$323$110
29 years$1,156$839$598$420$291$94
30 years$1,105$792$557$386$263$81
31 years$1,058$749$519$354$238$70
32 years$1,014$709$485$325$215$60
33 years$972$671$453$299$195$52
34 years$934$636$423$275$176$45
35 years$897$603$395$253$160$39
36 years$862$573$370$233$145$33
37 years$830$544$346$215$131$29
38 years$799$517$324$198$119$25
39 years$770$492$304$183$108$21
40 years$742$468$285$169$98$18
41 years$716$445$267$156$89$16
42 years$691$424$250$144$81$14
43 years$668$404$235$133$73$12
44 years$645$385$221$122$66$10
45 years$624$367$207$113$60$9
46 years$603$350$194$104$55$8
47 years$584$334$183$96$50$7
48 years$565$319$172$89$45$6
49 years$547$305$161$82$41$5
50 years$530$291$152$76$37$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $543,000, adding $3,743 every year, while hoping to spend $25,964 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: 68/21/11 Blend
53$543,000$543,000$543,000$543,000
54$602,247$573,468$565,051$641,545
55$636,051$573,942$556,355$668,616
56$672,432$573,570$546,497$694,749
57$711,627$572,281$535,412$722,650
58$753,894$570,004$523,029$752,491
59$799,516$566,660$509,276$784,458
60$848,808$562,167$494,077$818,760
61$902,111$556,438$477,353$855,624
62$959,802$549,379$459,021$895,304
63$1,022,297$540,894$438,993$938,079
64$1,090,051$530,877$417,179$984,258
65$1,163,566$519,220$393,484$1,034,181
66$1,243,392$505,804$367,809$1,088,224
67$1,330,137$490,508$340,049$1,146,804
68$1,424,467$473,199$310,097$1,210,378
69$1,527,117$453,739$277,839$1,279,454
70$1,638,893$431,983$243,157$1,354,592
71$1,760,685$407,775$205,928$1,436,408
72$1,893,470$380,952$166,022$1,525,586
73$2,038,326$351,340$123,305$1,622,878
74$2,196,435$318,756$77,636$1,729,116
75$2,369,104$283,006$28,869$1,845,218
76$2,557,766$243,887$0$1,972,197
77$2,764,002$201,182$0$2,113,893
78$2,989,554$154,663$0$2,272,612
79$3,236,335$104,089$0$2,446,345
80$3,506,457$49,205$0$2,636,617
81$3,802,241$0$0$2,845,109
82$4,126,246$0$0$3,076,047
83$4,481,290$0$0$3,341,599
84$4,870,474$0$0$3,632,718
85$5,297,215$0$0$3,951,965
86$5,765,278$0$0$4,302,159
87$6,278,807$0$0$4,686,407
88$6,842,369$0$0$5,108,129
89$7,460,992$0$0$5,571,094
90$8,140,218$0$0$6,079,452
91$8,886,147$0$0$6,637,776
92$9,705,503$0$0$7,251,103
93$10,605,693$0$0$7,924,981
94$11,594,874$0$0$8,665,525
95$12,682,034$0$0$9,479,469
96$13,877,076$0$0$10,374,231
97$15,190,909$0$0$11,357,987
98$16,635,551$0$0$12,439,742
99$18,224,245$0$0$13,629,418
100$19,971,579$0$0$14,937,946