Can I retire at age 54 with 557,000?

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 $557,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$45,997$45,587$45,187$44,797$44,416$43,360
2 years$22,771$22,346$21,935$21,537$21,150$20,093
3 years$15,030$14,604$14,194$13,799$13,419$12,392
4 years$11,160$10,735$10,329$9,941$9,570$8,583
5 years$8,839$8,417$8,016$7,636$7,275$6,330
6 years$7,292$6,873$6,478$6,107$5,757$4,854
7 years$6,187$5,772$5,383$5,021$4,682$3,822
8 years$5,359$4,947$4,566$4,212$3,884$3,067
9 years$4,715$4,308$3,932$3,587$3,271$2,496
10 years$4,201$3,797$3,428$3,092$2,787$2,054
11 years$3,780$3,380$3,018$2,691$2,397$1,704
12 years$3,429$3,034$2,679$2,361$2,077$1,423
13 years$3,133$2,742$2,393$2,084$1,811$1,195
14 years$2,879$2,492$2,150$1,850$1,588$1,008
15 years$2,660$2,277$1,941$1,650$1,398$853
16 years$2,468$2,089$1,760$1,477$1,236$725
17 years$2,298$1,924$1,602$1,327$1,095$617
18 years$2,148$1,778$1,462$1,196$974$526
19 years$2,014$1,647$1,338$1,081$868$450
20 years$1,893$1,531$1,228$979$775$385
21 years$1,784$1,426$1,130$888$694$330
22 years$1,685$1,331$1,041$808$622$283
23 years$1,595$1,245$962$736$558$243
24 years$1,512$1,166$889$671$502$209
25 years$1,436$1,095$824$613$452$180
26 years$1,366$1,029$764$560$407$155
27 years$1,301$968$709$513$367$133
28 years$1,241$912$659$470$331$115
29 years$1,186$861$614$431$299$99
30 years$1,134$813$572$395$270$85
31 years$1,085$768$533$363$244$73
32 years$1,040$727$497$334$221$63
33 years$998$689$464$307$200$55
34 years$958$653$434$282$181$47
35 years$920$619$406$260$164$41
36 years$885$587$379$239$148$35
37 years$851$558$355$221$135$30
38 years$820$530$332$203$122$26
39 years$790$504$312$187$111$23
40 years$762$480$292$173$100$19
41 years$735$457$274$160$91$17
42 years$709$435$257$147$83$14
43 years$685$414$241$136$75$13
44 years$662$395$226$125$68$11
45 years$640$377$212$116$62$9
46 years$619$359$199$107$56$8
47 years$599$343$187$99$51$7
48 years$580$327$176$91$46$6
49 years$561$313$166$84$42$5
50 years$544$299$156$78$38$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $557,000, adding $3,466 every year, while hoping to spend $36,377 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: 31/43/26 Blend
53$557,000$557,000$557,000$557,000
54$617,389$587,868$579,235$631,509
55$641,658$577,969$559,934$632,744
56$667,183$566,365$538,768$630,617
57$694,054$552,936$515,635$627,600
58$722,369$537,551$490,430$623,640
59$752,233$520,074$463,042$618,682
60$783,764$500,360$433,357$612,669
61$817,087$478,257$401,254$605,544
62$852,340$453,602$366,606$597,246
63$889,675$426,224$329,283$587,715
64$929,255$395,942$289,147$576,888
65$971,260$362,565$246,055$564,702
66$1,015,888$325,889$199,857$551,093
67$1,063,352$285,702$150,396$535,995
68$1,113,889$241,776$97,510$519,343
69$1,167,757$193,874$41,027$501,073
70$1,225,236$141,742$0$481,117
71$1,286,637$85,114$0$464,754
72$1,352,298$23,709$0$459,072
73$1,422,592$0$0$452,671
74$1,497,924$0$0$465,784
75$1,578,743$0$0$491,947
76$1,665,538$0$0$520,105
77$1,758,847$0$0$550,442
78$1,859,262$0$0$583,157
79$1,967,431$0$0$618,472
80$2,084,067$0$0$656,628
81$2,209,953$0$0$697,890
82$2,345,948$0$0$742,551
83$2,492,998$0$0$790,931
84$2,652,142$0$0$843,385
85$2,824,521$0$0$900,300
86$3,011,392$0$0$962,104
87$3,214,135$0$0$1,029,265
88$3,434,268$0$0$1,102,301
89$3,673,462$0$0$1,181,781
90$3,933,554$0$0$1,268,330
91$4,216,565$0$0$1,362,635
92$4,524,721$0$0$1,465,456
93$4,860,466$0$0$1,577,624
94$5,226,497$0$0$1,700,059
95$5,625,775$0$0$1,833,770
96$6,061,564$0$0$1,979,869
97$6,537,456$0$0$2,139,580
98$7,057,404$0$0$2,314,252
99$7,625,759$0$0$2,505,367
100$8,247,315$0$0$2,714,561