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%12.6%
1 years$45,997$45,587$45,187$44,797$44,416$43,934
2 years$22,771$22,346$21,935$21,537$21,150$20,665
3 years$15,030$14,604$14,194$13,799$13,419$12,945
4 years$11,160$10,735$10,329$9,941$9,570$9,112
5 years$8,839$8,417$8,016$7,636$7,275$6,834
6 years$7,292$6,873$6,478$6,107$5,757$5,332
7 years$6,187$5,772$5,383$5,021$4,682$4,275
8 years$5,359$4,947$4,566$4,212$3,884$3,495
9 years$4,715$4,308$3,932$3,587$3,271$2,899
10 years$4,201$3,797$3,428$3,092$2,787$2,432
11 years$3,780$3,380$3,018$2,691$2,397$2,059
12 years$3,429$3,034$2,679$2,361$2,077$1,755
13 years$3,133$2,742$2,393$2,084$1,811$1,505
14 years$2,879$2,492$2,150$1,850$1,588$1,297
15 years$2,660$2,277$1,941$1,650$1,398$1,123
16 years$2,468$2,089$1,760$1,477$1,236$975
17 years$2,298$1,924$1,602$1,327$1,095$849
18 years$2,148$1,778$1,462$1,196$974$741
19 years$2,014$1,647$1,338$1,081$868$649
20 years$1,893$1,531$1,228$979$775$569
21 years$1,784$1,426$1,130$888$694$499
22 years$1,685$1,331$1,041$808$622$439
23 years$1,595$1,245$962$736$558$386
24 years$1,512$1,166$889$671$502$341
25 years$1,436$1,095$824$613$452$300
26 years$1,366$1,029$764$560$407$265
27 years$1,301$968$709$513$367$234
28 years$1,241$912$659$470$331$207
29 years$1,186$861$614$431$299$183
30 years$1,134$813$572$395$270$162
31 years$1,085$768$533$363$244$143
32 years$1,040$727$497$334$221$127
33 years$998$689$464$307$200$112
34 years$958$653$434$282$181$100
35 years$920$619$406$260$164$88
36 years$885$587$379$239$148$78
37 years$851$558$355$221$135$69
38 years$820$530$332$203$122$62
39 years$790$504$312$187$111$55
40 years$762$480$292$173$100$48
41 years$735$457$274$160$91$43
42 years$709$435$257$147$83$38
43 years$685$414$241$136$75$34
44 years$662$395$226$125$68$30
45 years$640$377$212$116$62$27
46 years$619$359$199$107$56$24
47 years$599$343$187$99$51$21
48 years$580$327$176$91$46$19
49 years$561$313$166$84$42$17
50 years$544$299$156$78$38$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $557,000, adding $6,839 every year, while hoping to spend $34,590 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: 43/44/13 Blend
53$557,000$557,000$557,000$557,000
54$620,868$591,347$582,714$644,945
55$647,394$583,520$565,431$654,640
56$675,465$574,150$546,411$661,142
57$705,204$563,124$525,557$667,427
58$736,742$550,325$502,771$673,489
59$770,226$535,627$477,949$679,325
60$805,812$518,896$450,983$684,934
61$843,674$499,991$421,761$690,318
62$884,001$478,763$390,163$695,482
63$927,002$455,055$356,065$700,435
64$972,903$428,700$319,340$705,190
65$1,021,953$399,520$279,852$709,766
66$1,074,426$367,330$237,461$714,188
67$1,130,620$331,932$192,018$718,486
68$1,190,864$293,117$143,372$722,699
69$1,255,517$250,665$91,360$726,875
70$1,324,976$204,344$35,817$731,071
71$1,399,673$153,906$0$735,356
72$1,480,086$99,094$0$743,064
73$1,566,736$39,631$0$756,552
74$1,660,199$0$0$770,984
75$1,761,105$0$0$798,511
76$1,870,148$0$0$849,048
77$1,988,089$0$0$903,766
78$2,115,767$0$0$963,061
79$2,254,102$0$0$1,027,367
80$2,404,107$0$0$1,097,165
81$2,566,895$0$0$1,172,979
82$2,743,692$0$0$1,255,389
83$2,935,842$0$0$1,345,033
84$3,144,830$0$0$1,442,610
85$3,372,285$0$0$1,548,892
86$3,620,000$0$0$1,664,728
87$3,889,950$0$0$1,791,051
88$4,184,308$0$0$1,928,890
89$4,505,464$0$0$2,079,376
90$4,856,050$0$0$2,243,753
91$5,238,963$0$0$2,423,395
92$5,657,392$0$0$2,619,809
93$6,114,849$0$0$2,834,658
94$6,615,200$0$0$3,069,772
95$7,162,700$0$0$3,327,166
96$7,762,037$0$0$3,609,058
97$8,418,371$0$0$3,917,894
98$9,137,387$0$0$4,256,363
99$9,925,344$0$0$4,627,429
100$10,789,133$0$0$5,034,357