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%19.2%
1 years$45,831$45,423$45,025$44,636$44,256$42,618
2 years$22,689$22,266$21,857$21,460$21,075$19,443
3 years$14,976$14,551$14,143$13,749$13,371$11,796
4 years$11,120$10,697$10,292$9,906$9,536$8,031
5 years$8,807$8,386$7,987$7,609$7,249$5,818
6 years$7,265$6,848$6,455$6,085$5,736$4,379
7 years$6,165$5,751$5,364$5,002$4,665$3,382
8 years$5,340$4,930$4,549$4,196$3,870$2,660
9 years$4,698$4,292$3,918$3,574$3,259$2,121
10 years$4,186$3,783$3,416$3,081$2,777$1,708
11 years$3,766$3,368$3,007$2,682$2,388$1,386
12 years$3,417$3,023$2,669$2,352$2,070$1,132
13 years$3,122$2,732$2,385$2,077$1,805$929
14 years$2,869$2,483$2,143$1,843$1,582$765
15 years$2,650$2,268$1,934$1,644$1,393$633
16 years$2,459$2,081$1,754$1,472$1,231$524
17 years$2,290$1,917$1,596$1,323$1,092$435
18 years$2,140$1,771$1,457$1,192$971$362
19 years$2,007$1,642$1,334$1,077$865$302
20 years$1,886$1,525$1,224$975$773$251
21 years$1,778$1,421$1,126$885$691$210
22 years$1,679$1,326$1,038$805$620$175
23 years$1,589$1,240$958$733$556$147
24 years$1,507$1,162$886$669$500$123
25 years$1,431$1,091$821$611$450$103
26 years$1,361$1,025$761$558$405$86
27 years$1,297$965$707$511$365$72
28 years$1,237$909$657$468$330$60
29 years$1,181$858$611$429$298$51
30 years$1,130$810$570$394$269$42
31 years$1,081$766$531$362$243$35
32 years$1,036$724$495$333$220$30
33 years$994$686$463$306$199$25
34 years$954$650$432$281$180$21
35 years$917$617$404$259$163$18
36 years$881$585$378$239$148$15
37 years$848$556$354$220$134$12
38 years$817$528$331$203$122$10
39 years$787$502$310$187$110$9
40 years$759$478$291$172$100$7
41 years$732$455$273$159$91$6
42 years$707$433$256$147$82$5
43 years$682$413$240$135$75$4
44 years$659$394$225$125$68$4
45 years$637$375$212$115$62$3
46 years$617$358$199$107$56$3
47 years$597$342$187$99$51$2
48 years$578$326$175$91$46$2
49 years$559$311$165$84$42$1
50 years$542$298$155$78$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $555,000, adding $5,826 every year, while hoping to spend $27,503 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: 58/28/14 Blend
53$555,000$555,000$555,000$555,000
54$617,620$588,205$579,602$650,922
55$651,354$587,764$569,756$673,665
56$687,607$586,379$558,658$694,896
57$726,607$583,976$546,237$717,394
58$768,605$580,475$532,420$741,286
59$813,875$575,790$517,128$766,710
60$862,718$569,832$500,280$793,822
61$915,468$562,506$481,792$822,794
62$972,487$553,710$461,573$853,816
63$1,034,177$543,339$439,532$887,099
64$1,100,978$531,277$415,572$922,878
65$1,173,375$517,406$389,590$961,412
66$1,251,898$501,599$361,481$1,002,989
67$1,337,135$483,720$331,133$1,047,927
68$1,429,728$463,628$298,432$1,096,579
69$1,530,387$441,172$263,256$1,149,338
70$1,639,889$416,193$225,478$1,206,635
71$1,759,093$388,521$184,967$1,268,950
72$1,888,942$357,980$141,584$1,336,814
73$2,030,474$324,381$95,187$1,410,814
74$2,184,831$287,524$45,624$1,491,601
75$2,353,271$247,200$0$1,579,894
76$2,537,177$203,185$0$1,677,574
77$2,738,074$155,246$0$1,791,780
78$2,957,639$103,135$0$1,916,689
79$3,197,718$46,588$0$2,053,403
80$3,460,345$0$0$2,203,141
81$3,747,758$0$0$2,371,767
82$4,062,423$0$0$2,572,143
83$4,407,054$0$0$2,791,649
84$4,784,641$0$0$3,032,195
85$5,198,476$0$0$3,295,884
86$5,652,185$0$0$3,585,033
87$6,149,761$0$0$3,902,194
88$6,695,603$0$0$4,250,177
89$7,294,556$0$0$4,632,078
90$7,951,956$0$0$5,051,307
91$8,673,682$0$0$5,511,621
92$9,466,208$0$0$6,017,156
93$10,336,668$0$0$6,572,471
94$11,292,920$0$0$7,182,588
95$12,343,619$0$0$7,853,038
96$13,498,303$0$0$8,589,916
97$14,767,476$0$0$9,399,935
98$16,162,715$0$0$10,290,492
99$17,696,770$0$0$11,269,736
100$19,383,690$0$0$12,346,646