Can I retire at age 54 with 558,000?

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 $558,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$46,079$45,669$45,268$44,877$44,496$43,976
2 years$22,811$22,387$21,975$21,576$21,188$20,665
3 years$15,057$14,630$14,219$13,824$13,443$12,933
4 years$11,180$10,755$10,348$9,959$9,588$9,094
5 years$8,854$8,432$8,030$7,650$7,288$6,813
6 years$7,305$6,885$6,490$6,117$5,767$5,311
7 years$6,198$5,782$5,393$5,030$4,690$4,253
8 years$5,369$4,956$4,574$4,219$3,891$3,472
9 years$4,724$4,315$3,939$3,594$3,277$2,877
10 years$4,208$3,804$3,434$3,098$2,792$2,411
11 years$3,787$3,386$3,024$2,696$2,401$2,038
12 years$3,436$3,039$2,683$2,365$2,081$1,736
13 years$3,139$2,747$2,397$2,088$1,814$1,487
14 years$2,885$2,497$2,154$1,853$1,591$1,280
15 years$2,665$2,281$1,945$1,653$1,400$1,106
16 years$2,472$2,093$1,763$1,480$1,238$959
17 years$2,303$1,927$1,605$1,330$1,097$834
18 years$2,152$1,781$1,465$1,198$976$727
19 years$2,017$1,650$1,341$1,083$870$635
20 years$1,896$1,534$1,231$981$777$556
21 years$1,787$1,429$1,132$890$695$488
22 years$1,688$1,333$1,043$809$623$428
23 years$1,597$1,247$963$737$559$376
24 years$1,515$1,169$891$672$503$331
25 years$1,439$1,097$825$614$452$291
26 years$1,369$1,031$765$561$408$257
27 years$1,304$970$711$514$367$227
28 years$1,244$914$661$471$332$200
29 years$1,188$862$615$432$299$177
30 years$1,136$814$573$396$271$156
31 years$1,087$770$534$364$245$138
32 years$1,042$728$498$334$221$122
33 years$999$690$465$307$200$108
34 years$959$654$435$283$181$95
35 years$922$620$406$260$164$84
36 years$886$589$380$240$149$75
37 years$853$559$356$221$135$66
38 years$821$531$333$204$122$59
39 years$791$505$312$188$111$52
40 years$763$481$293$173$101$46
41 years$736$457$274$160$91$41
42 years$710$436$257$148$83$36
43 years$686$415$241$136$75$32
44 years$663$396$227$126$68$28
45 years$641$377$213$116$62$25
46 years$620$360$200$107$56$22
47 years$600$344$188$99$51$20
48 years$581$328$176$92$46$17
49 years$562$313$166$85$42$15
50 years$545$299$156$78$38$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $558,000, adding $4,173 every year, while hoping to spend $23,151 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: 56/14/30 Blend
53$558,000$558,000$558,000$558,000
54$619,220$589,646$580,997$648,548
55$657,748$593,907$575,828$673,490
56$699,430$597,600$569,710$697,916
57$744,564$600,673$562,587$724,070
58$793,475$603,072$554,399$752,129
59$846,523$604,737$545,085$782,286
60$904,104$605,604$534,582$814,756
61$966,652$605,608$522,820$849,777
62$1,034,646$604,678$509,729$887,611
63$1,108,611$602,738$495,236$928,549
64$1,189,125$599,709$479,263$972,912
65$1,276,827$595,506$461,729$1,021,057
66$1,372,416$590,038$442,549$1,073,376
67$1,476,664$583,211$421,636$1,130,303
68$1,590,419$574,924$398,896$1,192,320
69$1,714,616$565,069$374,234$1,259,956
70$1,850,283$553,534$347,547$1,333,799
71$1,998,553$540,198$318,731$1,414,498
72$2,160,672$524,935$287,675$1,502,769
73$2,338,012$507,608$254,264$1,599,403
74$2,532,085$488,077$218,377$1,705,275
75$2,744,555$466,190$179,890$1,821,350
76$2,977,254$441,787$138,671$1,948,696
77$3,232,200$414,701$94,582$2,088,491
78$3,511,615$384,752$47,482$2,242,036
79$3,817,948$351,753$0$2,410,767
80$4,153,892$315,503$0$2,597,161
81$4,522,419$275,792$0$2,818,357
82$4,926,797$232,397$0$3,061,123
83$5,370,629$185,083$0$3,327,649
84$5,857,883$133,602$0$3,620,347
85$6,392,930$77,691$0$3,941,873
86$6,980,583$17,073$0$4,295,159
87$7,626,148$0$0$4,683,435
88$8,335,468$0$0$5,117,738
89$9,114,979$0$0$5,597,963
90$9,971,772$0$0$6,125,855
91$10,913,661$0$0$6,706,234
92$11,949,253$0$0$7,344,411
93$13,088,031$0$0$8,046,238
94$14,340,443$0$0$8,818,161
95$15,718,000$0$0$9,667,283
96$17,233,385$0$0$10,601,430
97$18,900,572$0$0$11,629,225
98$20,734,958$0$0$12,760,168
99$22,753,506$0$0$14,004,728
100$24,974,910$0$0$15,374,437