Can I retire at age 54 with 551,000?

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 $551,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$45,501$45,096$44,700$44,314$43,938$43,734
2 years$22,525$22,106$21,699$21,305$20,923$20,717
3 years$14,868$14,446$14,041$13,650$13,274$13,073
4 years$11,040$10,620$10,218$9,834$9,467$9,272
5 years$8,743$8,326$7,930$7,554$7,197$7,008
6 years$7,213$6,799$6,408$6,041$5,695$5,513
7 years$6,120$5,710$5,325$4,966$4,631$4,457
8 years$5,301$4,894$4,516$4,166$3,842$3,674
9 years$4,665$4,261$3,890$3,549$3,236$3,075
10 years$4,155$3,756$3,391$3,059$2,757$2,603
11 years$3,739$3,344$2,986$2,662$2,371$2,224
12 years$3,393$3,001$2,650$2,335$2,055$1,914
13 years$3,099$2,712$2,367$2,062$1,792$1,657
14 years$2,848$2,465$2,127$1,830$1,571$1,443
15 years$2,631$2,252$1,920$1,632$1,383$1,261
16 years$2,441$2,066$1,741$1,461$1,222$1,106
17 years$2,274$1,903$1,584$1,313$1,084$974
18 years$2,125$1,758$1,446$1,183$964$859
19 years$1,992$1,630$1,324$1,069$859$760
20 years$1,873$1,514$1,215$968$767$673
21 years$1,765$1,411$1,118$879$686$598
22 years$1,667$1,317$1,030$799$615$532
23 years$1,577$1,232$951$728$552$473
24 years$1,496$1,154$880$664$496$422
25 years$1,421$1,083$815$606$447$376
26 years$1,351$1,018$756$554$402$336
27 years$1,287$958$702$507$363$301
28 years$1,228$903$652$465$327$269
29 years$1,173$851$607$426$296$241
30 years$1,122$804$565$391$267$216
31 years$1,074$760$527$359$241$193
32 years$1,029$719$492$330$218$173
33 years$987$681$459$304$198$155
34 years$947$646$429$279$179$139
35 years$910$612$401$257$162$125
36 years$875$581$375$237$147$112
37 years$842$552$351$218$133$101
38 years$811$525$329$201$121$91
39 years$781$499$308$185$109$81
40 years$753$475$289$171$99$73
41 years$727$452$271$158$90$66
42 years$702$430$254$146$82$59
43 years$678$410$238$134$74$53
44 years$655$391$224$124$67$48
45 years$633$373$210$115$61$43
46 years$612$355$197$106$55$39
47 years$592$339$185$98$50$35
48 years$573$324$174$90$46$31
49 years$555$309$164$84$42$28
50 years$538$295$154$77$38$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $551,000, adding $2,140 every year, while hoping to spend $22,020 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: 60/11/29 Blend
53$551,000$551,000$551,000$551,000
54$609,409$580,206$571,666$641,060
55$648,140$585,207$567,388$667,920
56$690,083$589,715$562,228$694,683
57$735,543$593,683$556,134$723,430
58$784,855$597,060$549,051$754,362
59$838,387$599,792$540,921$787,697
60$896,543$601,823$531,682$823,679
61$959,770$603,091$521,273$862,577
62$1,028,556$603,533$509,626$904,687
63$1,103,442$603,079$496,671$950,336
64$1,185,020$601,657$482,337$999,888
65$1,273,944$599,190$466,547$1,053,741
66$1,370,932$595,596$449,222$1,112,339
67$1,476,774$590,787$430,278$1,176,168
68$1,592,341$584,672$409,629$1,245,769
69$1,718,592$577,153$387,183$1,321,735
70$1,856,581$568,127$362,846$1,404,725
71$2,007,470$557,482$336,519$1,495,463
72$2,172,537$545,104$308,098$1,594,752
73$2,353,191$530,869$277,474$1,703,474
74$2,550,982$514,647$244,535$1,822,608
75$2,767,616$496,299$209,161$1,953,229
76$3,004,976$475,680$171,230$2,096,528
77$3,265,130$452,636$130,614$2,253,818
78$3,550,360$427,002$87,176$2,426,546
79$3,863,178$398,605$40,777$2,616,313
80$4,206,349$367,264$0$2,824,882
81$4,582,921$332,785$0$3,056,904
82$4,996,251$294,963$0$3,325,464
83$5,450,035$253,582$0$3,620,350
84$5,948,346$208,416$0$3,944,229
85$6,495,671$159,222$0$4,300,038
86$7,096,952$105,746$0$4,691,017
87$7,757,633$47,720$0$5,120,732
88$8,483,713$0$0$5,593,118
89$9,281,799$0$0$6,114,340
90$10,159,171$0$0$6,693,741
91$11,123,850$0$0$7,330,846
92$12,184,672$0$0$8,031,498
93$13,351,374$0$0$8,802,134
94$14,634,680$0$0$9,649,843
95$16,046,410$0$0$10,582,441
96$17,599,585$0$0$11,608,535
97$19,308,551$0$0$12,737,612
98$21,189,117$0$0$13,980,123
99$23,258,700$0$0$15,347,582
100$25,536,491$0$0$16,852,679