Can I retire at age 54 with 546,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $546,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$45,088$44,687$44,295$43,912$43,539$42,366
2 years$22,321$21,905$21,502$21,112$20,733$19,560
3 years$14,733$14,315$13,913$13,526$13,154$12,017
4 years$10,939$10,523$10,125$9,745$9,381$8,290
5 years$8,664$8,250$7,858$7,485$7,132$6,088
6 years$7,148$6,737$6,350$5,986$5,643$4,648
7 years$6,065$5,658$5,277$4,921$4,589$3,644
8 years$5,253$4,850$4,475$4,128$3,807$2,910
9 years$4,622$4,223$3,855$3,516$3,206$2,357
10 years$4,118$3,722$3,361$3,031$2,732$1,929
11 years$3,705$3,313$2,959$2,638$2,349$1,593
12 years$3,362$2,974$2,626$2,314$2,036$1,323
13 years$3,071$2,688$2,346$2,043$1,775$1,105
14 years$2,823$2,443$2,108$1,813$1,556$927
15 years$2,607$2,232$1,903$1,617$1,370$780
16 years$2,419$2,048$1,725$1,448$1,211$659
17 years$2,253$1,886$1,570$1,301$1,074$558
18 years$2,106$1,742$1,433$1,173$955$473
19 years$1,974$1,615$1,312$1,059$851$402
20 years$1,856$1,501$1,204$960$760$342
21 years$1,749$1,398$1,108$871$680$291
22 years$1,652$1,305$1,021$792$610$248
23 years$1,563$1,220$943$721$547$212
24 years$1,482$1,143$872$658$492$181
25 years$1,408$1,073$807$601$443$155
26 years$1,339$1,008$749$549$399$132
27 years$1,276$949$695$503$360$113
28 years$1,217$894$646$461$324$97
29 years$1,162$844$602$422$293$83
30 years$1,111$797$560$388$265$71
31 years$1,064$753$522$356$239$61
32 years$1,019$713$487$327$216$52
33 years$978$675$455$301$196$45
34 years$939$640$425$277$177$38
35 years$902$607$397$255$161$33
36 years$867$576$372$235$146$28
37 years$834$547$348$216$132$24
38 years$803$520$326$199$120$21
39 years$774$494$305$184$108$18
40 years$746$470$286$170$98$15
41 years$720$448$268$156$89$13
42 years$695$426$252$144$81$11
43 years$671$406$236$133$73$10
44 years$649$387$222$123$67$8
45 years$627$369$208$114$61$7
46 years$607$352$196$105$55$6
47 years$587$336$184$97$50$5
48 years$568$321$173$90$45$4
49 years$550$306$162$83$41$4
50 years$533$293$153$77$37$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $546,000, adding $3,162 every year, while hoping to spend $34,045 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: 38/41/21 Blend
53$546,000$546,000$546,000$546,000
54$604,954$576,016$567,553$624,033
55$630,435$568,017$550,342$630,129
56$657,375$558,485$531,414$633,278
57$685,886$547,309$510,675$635,987
58$716,090$534,371$488,026$638,236
59$748,123$519,548$463,367$640,005
60$782,132$502,706$436,590$641,277
61$818,278$483,706$407,584$642,034
62$856,735$462,401$376,231$642,261
63$897,698$438,634$342,411$641,946
64$941,376$412,241$305,995$641,078
65$988,002$383,045$266,850$639,650
66$1,037,827$350,864$224,839$637,658
67$1,091,129$315,500$179,815$635,103
68$1,148,213$276,748$131,627$631,991
69$1,209,411$234,389$80,118$628,334
70$1,275,090$188,194$25,121$624,149
71$1,345,652$137,918$0$619,464
72$1,421,537$83,304$0$621,834
73$1,503,228$24,081$0$630,280
74$1,591,258$0$0$639,265
75$1,686,211$0$0$666,968
76$1,788,727$0$0$708,664
77$1,899,510$0$0$753,784
78$2,019,337$0$0$802,650
79$2,149,057$0$0$855,618
80$2,289,606$0$0$913,078
81$2,442,014$0$0$975,461
82$2,607,412$0$0$1,043,237
83$2,787,044$0$0$1,116,928
84$2,982,280$0$0$1,197,104
85$3,194,624$0$0$1,284,395
86$3,425,735$0$0$1,379,494
87$3,677,435$0$0$1,483,161
88$3,951,729$0$0$1,596,235
89$4,250,827$0$0$1,719,639
90$4,577,157$0$0$1,854,390
91$4,933,394$0$0$2,001,604
92$5,322,482$0$0$2,162,513
93$5,747,663$0$0$2,338,472
94$6,212,504$0$0$2,530,974
95$6,720,934$0$0$2,741,661
96$7,277,279$0$0$2,972,343
97$7,886,302$0$0$3,225,012
98$8,553,247$0$0$3,501,862
99$9,283,890$0$0$3,805,309
100$10,084,593$0$0$4,138,016