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%14.1%
1 years$45,749$45,341$44,944$44,556$44,177$43,427
2 years$22,648$22,226$21,817$21,421$21,037$20,284
3 years$14,949$14,525$14,117$13,725$13,346$12,614
4 years$11,100$10,677$10,274$9,888$9,519$8,812
5 years$8,791$8,371$7,973$7,595$7,236$6,557
6 years$7,252$6,836$6,443$6,074$5,726$5,075
7 years$6,154$5,741$5,354$4,993$4,656$4,035
8 years$5,330$4,921$4,541$4,189$3,863$3,270
9 years$4,690$4,284$3,911$3,568$3,253$2,688
10 years$4,178$3,777$3,410$3,076$2,772$2,235
11 years$3,760$3,362$3,002$2,677$2,384$1,874
12 years$3,411$3,018$2,664$2,348$2,066$1,583
13 years$3,116$2,727$2,380$2,073$1,801$1,344
14 years$2,864$2,479$2,139$1,840$1,579$1,147
15 years$2,645$2,264$1,931$1,641$1,390$982
16 years$2,454$2,078$1,751$1,469$1,229$844
17 years$2,286$1,913$1,593$1,320$1,090$728
18 years$2,137$1,768$1,454$1,190$969$628
19 years$2,003$1,639$1,331$1,075$864$544
20 years$1,883$1,523$1,222$974$771$472
21 years$1,774$1,418$1,124$884$690$409
22 years$1,676$1,324$1,036$803$619$356
23 years$1,586$1,238$956$732$555$310
24 years$1,504$1,160$884$667$499$270
25 years$1,428$1,089$819$609$449$235
26 years$1,359$1,023$760$557$405$205
27 years$1,294$963$705$510$365$179
28 years$1,235$907$656$467$329$156
29 years$1,179$856$610$429$297$137
30 years$1,128$808$568$393$269$119
31 years$1,080$764$530$361$243$104
32 years$1,034$723$494$332$220$91
33 years$992$685$462$305$199$80
34 years$952$649$431$281$180$70
35 years$915$616$403$259$163$61
36 years$880$584$377$238$148$54
37 years$847$555$353$219$134$47
38 years$815$527$331$202$121$41
39 years$786$502$310$186$110$36
40 years$757$477$290$172$100$31
41 years$731$454$272$159$91$28
42 years$705$433$255$146$82$24
43 years$681$412$240$135$75$21
44 years$658$393$225$125$68$19
45 years$636$375$211$115$61$16
46 years$615$357$198$106$56$14
47 years$596$341$186$98$51$12
48 years$577$326$175$91$46$11
49 years$558$311$165$84$42$10
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 $6,226 every year, while hoping to spend $55,247 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: 61/9/30 Blend
53$554,000$554,000$554,000$554,000
54$616,930$587,568$578,981$649,206
55$621,075$557,577$539,595$641,948
56$623,790$524,264$497,037$627,576
57$624,873$487,409$451,144$610,741
58$624,096$446,778$401,743$591,217
59$621,207$402,123$348,655$568,756
60$615,928$353,185$291,692$543,086
61$607,948$299,686$230,659$513,913
62$596,923$241,336$165,351$480,916
63$582,474$177,825$95,555$443,742
64$564,177$108,830$21,047$402,010
65$541,566$34,006$0$355,300
66$514,125$0$0$321,871
67$481,279$0$0$295,571
68$442,397$0$0$268,553
69$396,778$0$0$236,978
70$343,647$0$0$200,326
71$282,149$0$0$158,019
72$211,336$0$0$109,420
73$130,163$0$0$53,826
74$37,475$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0