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%14.3%
1 years$45,749$45,341$44,944$44,556$44,177$43,391
2 years$22,648$22,226$21,817$21,421$21,037$20,248
3 years$14,949$14,525$14,117$13,725$13,346$12,579
4 years$11,100$10,677$10,274$9,888$9,519$8,779
5 years$8,791$8,371$7,973$7,595$7,236$6,525
6 years$7,252$6,836$6,443$6,074$5,726$5,045
7 years$6,154$5,741$5,354$4,993$4,656$4,006
8 years$5,330$4,921$4,541$4,189$3,863$3,243
9 years$4,690$4,284$3,911$3,568$3,253$2,663
10 years$4,178$3,777$3,410$3,076$2,772$2,211
11 years$3,760$3,362$3,002$2,677$2,384$1,852
12 years$3,411$3,018$2,664$2,348$2,066$1,562
13 years$3,116$2,727$2,380$2,073$1,801$1,325
14 years$2,864$2,479$2,139$1,840$1,579$1,129
15 years$2,645$2,264$1,931$1,641$1,390$966
16 years$2,454$2,078$1,751$1,469$1,229$829
17 years$2,286$1,913$1,593$1,320$1,090$713
18 years$2,137$1,768$1,454$1,190$969$615
19 years$2,003$1,639$1,331$1,075$864$532
20 years$1,883$1,523$1,222$974$771$460
21 years$1,774$1,418$1,124$884$690$399
22 years$1,676$1,324$1,036$803$619$346
23 years$1,586$1,238$956$732$555$301
24 years$1,504$1,160$884$667$499$262
25 years$1,428$1,089$819$609$449$228
26 years$1,359$1,023$760$557$405$198
27 years$1,294$963$705$510$365$173
28 years$1,235$907$656$467$329$151
29 years$1,179$856$610$429$297$131
30 years$1,128$808$568$393$269$115
31 years$1,080$764$530$361$243$100
32 years$1,034$723$494$332$220$87
33 years$992$685$462$305$199$76
34 years$952$649$431$281$180$67
35 years$915$616$403$259$163$58
36 years$880$584$377$238$148$51
37 years$847$555$353$219$134$44
38 years$815$527$331$202$121$39
39 years$786$502$310$186$110$34
40 years$757$477$290$172$100$30
41 years$731$454$272$159$91$26
42 years$705$433$255$146$82$23
43 years$681$412$240$135$75$20
44 years$658$393$225$125$68$17
45 years$636$375$211$115$61$15
46 years$615$357$198$106$56$13
47 years$596$341$186$98$51$12
48 years$577$326$175$91$46$10
49 years$558$311$165$84$42$9
50 years$541$297$155$78$38$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $554,000, adding $3,271 every year, while hoping to spend $43,104 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: 72/23/5 Blend
53$554,000$554,000$554,000$554,000
54$613,882$584,520$575,933$657,576
55$630,636$567,299$549,364$669,594
56$647,654$547,790$520,461$677,021
57$664,917$525,834$489,099$683,929
58$682,404$501,266$455,150$690,255
59$700,090$473,908$418,478$695,929
60$717,944$443,575$378,942$700,875
61$735,932$410,067$336,394$705,010
62$754,014$373,178$290,681$708,245
63$772,146$332,687$241,641$710,483
64$790,277$288,360$189,107$711,619
65$808,346$239,951$132,904$711,537
66$826,289$187,200$72,847$710,113
67$844,030$129,832$8,747$707,211
68$861,484$67,557$0$702,685
69$878,557$68$0$699,556
70$895,141$0$0$695,173
71$911,116$0$0$707,356
72$926,347$0$0$718,951
73$940,685$0$0$729,821
74$953,960$0$0$739,833
75$965,986$0$0$748,836
76$976,551$0$0$756,665
77$985,423$0$0$763,132
78$992,343$0$0$768,031
79$997,019$0$0$771,133
80$999,132$0$0$772,181
81$998,323$0$0$770,891
82$994,196$0$0$766,949
83$986,310$0$0$760,002
84$974,178$0$0$749,665
85$957,256$0$0$735,505
86$934,946$0$0$717,047
87$906,582$0$0$693,761
88$871,426$0$0$665,062
89$828,665$0$0$630,303
90$777,396$0$0$588,767
91$716,619$0$0$539,661
92$645,231$0$0$482,107
93$562,010$0$0$415,136
94$465,605$0$0$337,676
95$354,526$0$0$248,540
96$227,121$0$0$146,420
97$81,568$0$0$29,869
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0