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%20%
1 years$45,336$44,932$44,538$44,154$43,778$42,024
2 years$22,444$22,026$21,620$21,228$20,847$19,102
3 years$14,814$14,394$13,990$13,601$13,226$11,545
4 years$11,000$10,581$10,181$9,799$9,433$7,829
5 years$8,712$8,296$7,901$7,526$7,171$5,647
6 years$7,187$6,774$6,385$6,019$5,674$4,232
7 years$6,098$5,689$5,306$4,948$4,614$3,254
8 years$5,282$4,876$4,500$4,151$3,828$2,547
9 years$4,648$4,246$3,876$3,536$3,224$2,021
10 years$4,140$3,742$3,379$3,048$2,747$1,619
11 years$3,726$3,332$2,975$2,653$2,362$1,307
12 years$3,380$2,990$2,640$2,327$2,047$1,062
13 years$3,088$2,702$2,359$2,054$1,785$867
14 years$2,838$2,456$2,119$1,823$1,565$710
15 years$2,622$2,244$1,913$1,626$1,378$583
16 years$2,432$2,059$1,735$1,456$1,218$481
17 years$2,265$1,896$1,579$1,308$1,080$397
18 years$2,117$1,752$1,441$1,179$960$328
19 years$1,985$1,624$1,319$1,065$856$272
20 years$1,866$1,509$1,211$965$764$225
21 years$1,758$1,405$1,114$876$684$187
22 years$1,661$1,312$1,026$796$613$155
23 years$1,572$1,227$948$725$550$129
24 years$1,490$1,150$876$661$495$107
25 years$1,415$1,079$812$604$445$89
26 years$1,346$1,014$753$552$401$74
27 years$1,283$954$699$505$362$62
28 years$1,224$899$650$463$326$51
29 years$1,169$848$605$425$295$43
30 years$1,118$801$563$390$266$36
31 years$1,070$757$525$358$241$30
32 years$1,025$717$490$329$218$25
33 years$983$679$458$303$197$21
34 years$944$643$427$278$178$17
35 years$907$610$400$256$162$14
36 years$872$579$374$236$146$12
37 years$839$550$350$217$133$10
38 years$808$523$328$200$120$8
39 years$778$497$307$185$109$7
40 years$751$473$288$170$99$6
41 years$724$450$270$157$90$5
42 years$699$429$253$145$81$4
43 years$675$408$238$134$74$3
44 years$652$389$223$124$67$3
45 years$631$371$209$114$61$2
46 years$610$354$197$106$55$2
47 years$590$338$185$97$50$2
48 years$571$323$174$90$46$1
49 years$553$308$163$83$41$1
50 years$536$294$153$77$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $549,000, adding $4,533 every year, while hoping to spend $29,797 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: 63/16/21 Blend
53$549,000$549,000$549,000$549,000
54$609,674$580,577$572,067$644,505
55$640,157$577,321$559,528$665,279
56$672,750$572,908$545,570$684,216
57$707,638$567,247$530,114$704,214
58$745,022$560,247$513,077$725,380
59$785,123$551,808$494,374$747,832
60$828,184$541,825$473,914$771,701
61$874,471$530,187$451,602$797,132
62$924,276$516,775$427,340$824,288
63$977,920$501,465$401,024$853,349
64$1,035,757$484,125$372,547$884,512
65$1,098,172$464,616$341,795$918,001
66$1,165,592$442,788$308,652$954,059
67$1,238,484$418,487$272,993$992,958
68$1,317,362$391,545$234,691$1,035,000
69$1,402,792$361,789$193,612$1,080,518
70$1,495,393$329,033$149,614$1,129,883
71$1,595,849$293,082$102,552$1,183,503
72$1,704,912$253,729$52,274$1,241,834
73$1,823,407$210,756$0$1,305,376
74$1,952,243$163,932$0$1,374,997
75$2,092,420$113,013$0$1,463,522
76$2,245,038$57,742$0$1,559,946
77$2,411,308$0$0$1,665,064
78$2,592,561$0$0$1,780,130
79$2,790,265$0$0$1,916,765
80$3,006,032$0$0$2,065,920
81$3,241,638$0$0$2,228,830
82$3,499,040$0$0$2,406,849
83$3,780,390$0$0$2,601,474
84$4,088,057$0$0$2,814,347
85$4,424,651$0$0$3,047,281
86$4,793,046$0$0$3,302,268
87$5,196,405$0$0$3,581,506
88$5,638,213$0$0$3,887,411
89$6,122,305$0$0$4,222,648
90$6,652,909$0$0$4,590,148
91$7,234,677$0$0$4,993,142
92$7,872,735$0$0$5,435,188
93$8,572,730$0$0$5,920,204
94$9,340,878$0$0$6,452,507
95$10,184,030$0$0$7,036,850
96$11,109,730$0$0$7,678,471
97$12,126,291$0$0$8,383,139
98$13,242,866$0$0$9,157,210
99$14,469,543$0$0$10,007,684
100$15,817,431$0$0$10,942,273