Can I retire at age 54 with 547,000?

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 $547,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$45,171$44,768$44,376$43,993$43,619$43,235
2 years$22,362$21,945$21,542$21,150$20,771$20,384
3 years$14,760$14,341$13,939$13,551$13,178$12,800
4 years$10,959$10,543$10,144$9,763$9,399$9,033
5 years$8,680$8,265$7,872$7,499$7,145$6,792
6 years$7,161$6,749$6,362$5,997$5,653$5,314
7 years$6,076$5,668$5,287$4,930$4,598$4,272
8 years$5,263$4,859$4,484$4,136$3,814$3,502
9 years$4,631$4,230$3,862$3,523$3,212$2,914
10 years$4,125$3,729$3,367$3,037$2,737$2,452
11 years$3,712$3,320$2,964$2,643$2,354$2,082
12 years$3,368$2,979$2,630$2,318$2,040$1,781
13 years$3,077$2,693$2,350$2,047$1,779$1,532
14 years$2,828$2,447$2,112$1,817$1,559$1,325
15 years$2,612$2,236$1,907$1,620$1,373$1,150
16 years$2,423$2,051$1,729$1,451$1,213$1,002
17 years$2,257$1,889$1,573$1,303$1,076$876
18 years$2,110$1,746$1,436$1,175$957$768
19 years$1,978$1,618$1,314$1,061$853$674
20 years$1,859$1,503$1,206$961$762$593
21 years$1,752$1,400$1,110$872$682$523
22 years$1,655$1,307$1,023$793$611$461
23 years$1,566$1,223$944$722$548$408
24 years$1,485$1,145$873$659$493$361
25 years$1,410$1,075$809$602$444$319
26 years$1,342$1,010$750$550$400$283
27 years$1,278$951$697$504$360$251
28 years$1,219$896$648$461$325$223
29 years$1,164$845$603$423$293$198
30 years$1,113$798$561$388$265$176
31 years$1,066$755$523$357$240$156
32 years$1,021$714$488$328$217$139
33 years$980$676$456$301$196$124
34 years$940$641$426$277$178$110
35 years$904$608$398$255$161$98
36 years$869$577$373$235$146$87
37 years$836$548$349$217$132$78
38 years$805$521$327$200$120$69
39 years$776$495$306$184$109$62
40 years$748$471$287$170$99$55
41 years$721$448$269$157$89$49
42 years$696$427$252$145$81$44
43 years$673$407$237$133$74$39
44 years$650$388$222$123$67$35
45 years$628$370$209$114$61$31
46 years$608$353$196$105$55$27
47 years$588$337$184$97$50$25
48 years$569$321$173$90$45$22
49 years$551$307$163$83$41$19
50 years$534$293$153$77$37$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $547,000, adding $2,653 every year, while hoping to spend $23,103 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: 70/5/25 Blend
53$547,000$547,000$547,000$547,000
54$605,531$576,540$568,061$643,894
55$642,713$580,209$562,510$673,581
56$682,914$583,283$555,998$703,134
57$726,417$585,710$548,470$734,940
58$773,533$587,431$539,865$769,220
59$824,606$588,387$530,122$806,220
60$880,011$588,513$519,177$846,210
61$940,163$587,742$506,960$889,489
62$1,005,518$585,999$493,402$936,386
63$1,076,577$583,210$478,427$987,265
64$1,153,892$579,291$461,958$1,042,527
65$1,238,069$574,156$443,914$1,102,614
66$1,329,777$567,715$424,210$1,168,015
67$1,429,750$559,868$402,757$1,239,269
68$1,538,796$550,514$379,461$1,316,970
69$1,657,806$539,542$354,226$1,401,774
70$1,787,760$526,837$326,950$1,494,405
71$1,929,737$512,277$297,528$1,595,661
72$2,084,923$495,732$265,848$1,706,424
73$2,254,626$477,064$231,795$1,827,663
74$2,440,286$456,128$195,248$1,960,451
75$2,643,487$432,770$156,081$2,105,971
76$2,865,975$406,828$114,162$2,265,525
77$3,109,672$378,130$69,354$2,440,552
78$3,376,693$346,493$21,512$2,632,638
79$3,669,371$311,726$0$2,843,532
80$3,990,272$273,626$0$3,083,046
81$4,342,224$231,977$0$3,352,060
82$4,728,340$186,554$0$3,647,222
83$5,152,051$137,115$0$3,971,165
84$5,617,135$83,409$0$4,326,789
85$6,127,755$25,168$0$4,717,291
86$6,688,495$0$0$5,146,193
87$7,304,405$0$0$5,619,458
88$7,981,048$0$0$6,140,943
89$8,724,555$0$0$6,713,992
90$9,541,677$0$0$7,343,811
91$10,439,852$0$0$8,036,139
92$11,427,276$0$0$8,797,298
93$12,512,978$0$0$9,634,251
94$13,706,906$0$0$10,554,672
95$15,020,019$0$0$11,567,014
96$16,464,392$0$0$12,680,591
97$18,053,330$0$0$13,905,666
98$19,801,490$0$0$15,253,546
99$21,725,025$0$0$16,736,689
100$23,841,729$0$0$18,368,822