Can I retire at age 54 with 555,000?

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 $555,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$45,831$45,423$45,025$44,636$44,256$42,960
2 years$22,689$22,266$21,857$21,460$21,075$19,779
3 years$14,976$14,551$14,143$13,749$13,371$12,117
4 years$11,120$10,697$10,292$9,906$9,536$8,333
5 years$8,807$8,386$7,987$7,609$7,249$6,100
6 years$7,265$6,848$6,455$6,085$5,736$4,643
7 years$6,165$5,751$5,364$5,002$4,665$3,627
8 years$5,340$4,930$4,549$4,196$3,870$2,887
9 years$4,698$4,292$3,918$3,574$3,259$2,329
10 years$4,186$3,783$3,416$3,081$2,777$1,900
11 years$3,766$3,368$3,007$2,682$2,388$1,562
12 years$3,417$3,023$2,669$2,352$2,070$1,293
13 years$3,122$2,732$2,385$2,077$1,805$1,075
14 years$2,869$2,483$2,143$1,843$1,582$898
15 years$2,650$2,268$1,934$1,644$1,393$753
16 years$2,459$2,081$1,754$1,472$1,231$633
17 years$2,290$1,917$1,596$1,323$1,092$533
18 years$2,140$1,771$1,457$1,192$971$450
19 years$2,007$1,642$1,334$1,077$865$381
20 years$1,886$1,525$1,224$975$773$323
21 years$1,778$1,421$1,126$885$691$273
22 years$1,679$1,326$1,038$805$620$232
23 years$1,589$1,240$958$733$556$197
24 years$1,507$1,162$886$669$500$168
25 years$1,431$1,091$821$611$450$142
26 years$1,361$1,025$761$558$405$121
27 years$1,297$965$707$511$365$103
28 years$1,237$909$657$468$330$88
29 years$1,181$858$611$429$298$75
30 years$1,130$810$570$394$269$64
31 years$1,081$766$531$362$243$54
32 years$1,036$724$495$333$220$46
33 years$994$686$463$306$199$39
34 years$954$650$432$281$180$34
35 years$917$617$404$259$163$29
36 years$881$585$378$239$148$24
37 years$848$556$354$220$134$21
38 years$817$528$331$203$122$18
39 years$787$502$310$187$110$15
40 years$759$478$291$172$100$13
41 years$732$455$273$159$91$11
42 years$707$433$256$147$82$9
43 years$682$413$240$135$75$8
44 years$659$394$225$125$68$7
45 years$637$375$212$115$62$6
46 years$617$358$199$107$56$5
47 years$597$342$187$99$51$4
48 years$578$326$175$91$46$4
49 years$559$311$165$84$42$3
50 years$542$298$155$78$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $555,000, adding $2,066 every year, while hoping to spend $38,002 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: 36/35/29 Blend
53$555,000$555,000$555,000$555,000
54$613,741$584,326$575,724$630,436
55$635,909$572,524$554,576$631,266
56$659,064$558,870$531,447$628,588
57$683,267$543,234$506,229$624,974
58$708,584$525,476$478,812$620,367
59$735,085$505,450$449,078$614,705
60$762,848$483,001$416,906$607,926
61$791,955$457,964$382,168$599,964
62$822,497$430,167$344,733$590,753
63$854,571$399,425$304,462$580,221
64$888,285$365,544$261,209$568,297
65$923,754$328,319$214,823$554,905
66$961,103$287,534$165,146$539,970
67$1,000,471$242,959$112,014$523,412
68$1,042,007$194,351$55,254$505,149
69$1,085,873$141,456$0$485,099
70$1,132,247$84,002$0$464,823
71$1,181,324$21,705$0$460,942
72$1,233,314$0$0$456,312
73$1,288,449$0$0$468,524
74$1,346,982$0$0$490,402
75$1,409,189$0$0$513,696
76$1,475,374$0$0$538,524
77$1,545,866$0$0$565,016
78$1,621,028$0$0$593,314
79$1,701,258$0$0$623,575
80$1,786,990$0$0$655,969
81$1,878,701$0$0$690,684
82$1,976,914$0$0$727,926
83$2,082,203$0$0$767,921
84$2,195,195$0$0$810,916
85$2,316,582$0$0$857,184
86$2,447,121$0$0$907,023
87$2,587,643$0$0$960,762
88$2,739,063$0$0$1,018,760
89$2,902,383$0$0$1,081,414
90$3,078,705$0$0$1,149,159
91$3,269,242$0$0$1,222,474
92$3,475,323$0$0$1,301,883
93$3,698,412$0$0$1,387,967
94$3,940,117$0$0$1,481,359
95$4,202,206$0$0$1,582,759
96$4,486,625$0$0$1,692,937
97$4,795,513$0$0$1,812,739
98$5,131,221$0$0$1,943,094
99$5,496,338$0$0$2,085,028
100$5,893,712$0$0$2,239,666