Can I retire at age 54 with 554,000?

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 $554,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$45,749$45,341$44,944$44,556$44,177$43,553
2 years$22,648$22,226$21,817$21,421$21,037$20,409
3 years$14,949$14,525$14,117$13,725$13,346$12,735
4 years$11,100$10,677$10,274$9,888$9,519$8,928
5 years$8,791$8,371$7,973$7,595$7,236$6,668
6 years$7,252$6,836$6,443$6,074$5,726$5,180
7 years$6,154$5,741$5,354$4,993$4,656$4,135
8 years$5,330$4,921$4,541$4,189$3,863$3,364
9 years$4,690$4,284$3,911$3,568$3,253$2,778
10 years$4,178$3,777$3,410$3,076$2,772$2,319
11 years$3,760$3,362$3,002$2,677$2,384$1,953
12 years$3,411$3,018$2,664$2,348$2,066$1,657
13 years$3,116$2,727$2,380$2,073$1,801$1,414
14 years$2,864$2,479$2,139$1,840$1,579$1,212
15 years$2,645$2,264$1,931$1,641$1,390$1,043
16 years$2,454$2,078$1,751$1,469$1,229$901
17 years$2,286$1,913$1,593$1,320$1,090$780
18 years$2,137$1,768$1,454$1,190$969$677
19 years$2,003$1,639$1,331$1,075$864$589
20 years$1,883$1,523$1,222$974$771$513
21 years$1,774$1,418$1,124$884$690$448
22 years$1,676$1,324$1,036$803$619$392
23 years$1,586$1,238$956$732$555$343
24 years$1,504$1,160$884$667$499$300
25 years$1,428$1,089$819$609$449$263
26 years$1,359$1,023$760$557$405$231
27 years$1,294$963$705$510$365$202
28 years$1,235$907$656$467$329$178
29 years$1,179$856$610$429$297$156
30 years$1,128$808$568$393$269$137
31 years$1,080$764$530$361$243$121
32 years$1,034$723$494$332$220$106
33 years$992$685$462$305$199$93
34 years$952$649$431$281$180$82
35 years$915$616$403$259$163$72
36 years$880$584$377$238$148$64
37 years$847$555$353$219$134$56
38 years$815$527$331$202$121$49
39 years$786$502$310$186$110$44
40 years$757$477$290$172$100$38
41 years$731$454$272$159$91$34
42 years$705$433$255$146$82$30
43 years$681$412$240$135$75$26
44 years$658$393$225$125$68$23
45 years$636$375$211$115$61$20
46 years$615$357$198$106$56$18
47 years$596$341$186$98$51$16
48 years$577$326$175$91$46$14
49 years$558$311$165$84$42$12
50 years$541$297$155$78$38$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $554,000, adding $5,684 every year, while hoping to spend $27,484 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: 72/15/13 Blend
53$554,000$554,000$554,000$554,000
54$616,371$587,009$578,422$658,634
55$649,998$586,530$568,556$686,903
56$686,134$585,106$557,439$713,936
57$725,006$582,662$544,999$742,803
58$766,862$579,118$531,163$773,680
59$811,977$574,390$515,851$806,761
60$860,651$568,387$498,984$842,259
61$913,213$561,014$480,477$880,409
62$970,028$552,171$460,240$921,472
63$1,031,493$541,750$438,180$965,735
64$1,098,047$529,637$414,201$1,013,514
65$1,170,172$515,713$388,201$1,065,161
66$1,248,398$499,851$360,073$1,121,060
67$1,333,306$481,916$329,708$1,181,639
68$1,425,540$461,766$296,989$1,247,367
69$1,525,802$439,250$261,796$1,318,766
70$1,634,869$414,209$224,001$1,396,407
71$1,753,594$386,473$183,474$1,480,924
72$1,882,916$355,866$140,076$1,573,015
73$2,023,869$322,198$93,663$1,673,452
74$2,177,588$285,271$44,086$1,783,085
75$2,345,327$244,874$0$1,902,853
76$2,528,462$200,784$0$2,035,016
77$2,728,510$152,768$0$2,186,100
78$2,947,140$100,576$0$2,351,268
79$3,186,191$43,947$0$2,531,937
80$3,447,686$0$0$2,729,670
81$3,733,854$0$0$2,949,060
82$4,047,147$0$0$3,197,213
83$4,390,268$0$0$3,469,020
84$4,766,193$0$0$3,766,840
85$5,178,197$0$0$4,093,273
86$5,629,890$0$0$4,451,182
87$6,125,247$0$0$4,843,720
88$6,668,645$0$0$5,274,360
89$7,264,906$0$0$5,746,928
90$7,919,342$0$0$6,265,638
91$8,637,802$0$0$6,835,130
92$9,426,733$0$0$7,460,517
93$10,293,232$0$0$8,147,433
94$11,245,121$0$0$8,902,081
95$12,291,015$0$0$9,731,298
96$13,440,405$0$0$10,642,612
97$14,703,747$0$0$11,644,320
98$16,092,562$0$0$12,745,561
99$17,619,541$0$0$13,956,405
100$19,298,665$0$0$15,287,945