Can I retire at age 54 with 549,000?

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 $549,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$45,336$44,932$44,538$44,154$43,778$43,429
2 years$22,444$22,026$21,620$21,228$20,847$20,495
3 years$14,814$14,394$13,990$13,601$13,226$12,883
4 years$11,000$10,581$10,181$9,799$9,433$9,100
5 years$8,712$8,296$7,901$7,526$7,171$6,850
6 years$7,187$6,774$6,385$6,019$5,674$5,365
7 years$6,098$5,689$5,306$4,948$4,614$4,318
8 years$5,282$4,876$4,500$4,151$3,828$3,544
9 years$4,648$4,246$3,876$3,536$3,224$2,952
10 years$4,140$3,742$3,379$3,048$2,747$2,487
11 years$3,726$3,332$2,975$2,653$2,362$2,114
12 years$3,380$2,990$2,640$2,327$2,047$1,811
13 years$3,088$2,702$2,359$2,054$1,785$1,560
14 years$2,838$2,456$2,119$1,823$1,565$1,351
15 years$2,622$2,244$1,913$1,626$1,378$1,174
16 years$2,432$2,059$1,735$1,456$1,218$1,025
17 years$2,265$1,896$1,579$1,308$1,080$897
18 years$2,117$1,752$1,441$1,179$960$787
19 years$1,985$1,624$1,319$1,065$856$692
20 years$1,866$1,509$1,211$965$764$610
21 years$1,758$1,405$1,114$876$684$538
22 years$1,661$1,312$1,026$796$613$476
23 years$1,572$1,227$948$725$550$421
24 years$1,490$1,150$876$661$495$373
25 years$1,415$1,079$812$604$445$331
26 years$1,346$1,014$753$552$401$294
27 years$1,283$954$699$505$362$261
28 years$1,224$899$650$463$326$232
29 years$1,169$848$605$425$295$206
30 years$1,118$801$563$390$266$183
31 years$1,070$757$525$358$241$163
32 years$1,025$717$490$329$218$145
33 years$983$679$458$303$197$130
34 years$944$643$427$278$178$116
35 years$907$610$400$256$162$103
36 years$872$579$374$236$146$92
37 years$839$550$350$217$133$82
38 years$808$523$328$200$120$73
39 years$778$497$307$185$109$65
40 years$751$473$288$170$99$58
41 years$724$450$270$157$90$52
42 years$699$429$253$145$81$46
43 years$675$408$238$134$74$41
44 years$652$389$223$124$67$37
45 years$631$371$209$114$61$33
46 years$610$354$197$106$55$29
47 years$590$338$185$97$50$26
48 years$571$323$174$90$46$24
49 years$553$308$163$83$41$21
50 years$536$294$153$77$38$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $549,000, adding $5,153 every year, while hoping to spend $37,517 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: 56/26/18 Blend
53$549,000$549,000$549,000$549,000
54$610,313$581,216$572,707$641,295
55$632,647$569,778$551,975$651,534
56$656,002$556,522$529,291$658,207
57$680,442$541,319$504,550$664,639
58$706,037$524,034$477,642$670,815
59$732,863$504,521$448,453$676,723
60$761,001$482,629$416,862$682,348
61$790,542$458,196$382,745$687,679
62$821,580$431,051$345,971$692,703
63$854,223$401,014$306,402$697,413
64$888,583$367,894$263,896$701,799
65$924,786$331,488$218,304$705,856
66$962,967$291,583$169,470$709,580
67$1,003,274$247,955$117,232$712,971
68$1,045,868$200,365$61,419$716,033
69$1,090,924$148,561$1,854$718,771
70$1,138,635$92,277$0$721,198
71$1,189,211$31,233$0$735,183
72$1,242,880$0$0$750,047
73$1,299,892$0$0$775,479
74$1,360,523$0$0$812,054
75$1,425,071$0$0$851,020
76$1,493,865$0$0$892,579
77$1,567,264$0$0$936,952
78$1,645,662$0$0$984,381
79$1,729,491$0$0$1,035,131
80$1,819,224$0$0$1,089,493
81$1,915,378$0$0$1,147,787
82$2,018,525$0$0$1,210,362
83$2,129,287$0$0$1,277,603
84$2,248,350$0$0$1,349,932
85$2,376,468$0$0$1,427,813
86$2,514,464$0$0$1,511,752
87$2,663,248$0$0$1,602,311
88$2,823,815$0$0$1,700,101
89$2,997,261$0$0$1,805,798
90$3,184,790$0$0$1,920,144
91$3,387,723$0$0$2,043,952
92$3,607,515$0$0$2,178,120
93$3,845,764$0$0$2,323,632
94$4,104,229$0$0$2,481,571
95$4,384,842$0$0$2,653,129
96$4,689,730$0$0$2,839,617
97$5,021,233$0$0$3,042,477
98$5,381,922$0$0$3,263,295
99$5,774,631$0$0$3,503,816
100$6,202,474$0$0$3,765,962