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%17.3%
1 years$46,079$45,669$45,268$44,877$44,496$43,175
2 years$22,811$22,387$21,975$21,576$21,188$19,869
3 years$15,057$14,630$14,219$13,824$13,443$12,166
4 years$11,180$10,755$10,348$9,959$9,588$8,363
5 years$8,854$8,432$8,030$7,650$7,288$6,119
6 years$7,305$6,885$6,490$6,117$5,767$4,654
7 years$6,198$5,782$5,393$5,030$4,690$3,634
8 years$5,369$4,956$4,574$4,219$3,891$2,890
9 years$4,724$4,315$3,939$3,594$3,277$2,331
10 years$4,208$3,804$3,434$3,098$2,792$1,900
11 years$3,787$3,386$3,024$2,696$2,401$1,561
12 years$3,436$3,039$2,683$2,365$2,081$1,291
13 years$3,139$2,747$2,397$2,088$1,814$1,073
14 years$2,885$2,497$2,154$1,853$1,591$896
15 years$2,665$2,281$1,945$1,653$1,400$751
16 years$2,472$2,093$1,763$1,480$1,238$631
17 years$2,303$1,927$1,605$1,330$1,097$531
18 years$2,152$1,781$1,465$1,198$976$448
19 years$2,017$1,650$1,341$1,083$870$379
20 years$1,896$1,534$1,231$981$777$320
21 years$1,787$1,429$1,132$890$695$271
22 years$1,688$1,333$1,043$809$623$230
23 years$1,597$1,247$963$737$559$195
24 years$1,515$1,169$891$672$503$166
25 years$1,439$1,097$825$614$452$141
26 years$1,369$1,031$765$561$408$120
27 years$1,304$970$711$514$367$102
28 years$1,244$914$661$471$332$87
29 years$1,188$862$615$432$299$74
30 years$1,136$814$573$396$271$63
31 years$1,087$770$534$364$245$53
32 years$1,042$728$498$334$221$46
33 years$999$690$465$307$200$39
34 years$959$654$435$283$181$33
35 years$922$620$406$260$164$28
36 years$886$589$380$240$149$24
37 years$853$559$356$221$135$20
38 years$821$531$333$204$122$17
39 years$791$505$312$188$111$15
40 years$763$481$293$173$101$13
41 years$736$457$274$160$91$11
42 years$710$436$257$148$83$9
43 years$686$415$241$136$75$8
44 years$663$396$227$126$68$7
45 years$641$377$213$116$62$6
46 years$620$360$200$107$56$5
47 years$600$344$188$99$51$4
48 years$581$328$176$92$46$4
49 years$562$313$166$85$42$3
50 years$545$299$156$78$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $558,000, adding $2,107 every year, while hoping to spend $34,500 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: 39/37/24 Blend
53$558,000$558,000$558,000$558,000
54$617,089$587,515$578,866$636,684
55$643,325$579,596$561,551$643,155
56$671,080$570,132$542,499$646,761
57$700,473$559,012$521,616$649,976
58$731,634$546,116$498,803$652,786
59$764,705$531,320$473,956$655,177
60$799,840$514,490$446,969$657,137
61$837,208$495,484$417,727$658,657
62$876,995$474,155$386,113$659,728
63$919,404$450,344$352,003$660,347
64$964,657$423,884$315,268$660,512
65$1,012,996$394,599$275,774$660,225
66$1,064,690$362,302$233,381$659,496
67$1,120,030$326,796$187,941$658,335
68$1,179,337$287,873$139,301$656,763
69$1,242,963$245,313$87,301$654,805
70$1,311,294$198,881$31,774$652,496
71$1,384,753$148,334$0$649,878
72$1,463,805$93,410$0$654,045
73$1,548,963$33,836$0$667,165
74$1,640,785$0$0$681,220
75$1,739,889$0$0$708,848
76$1,846,951$0$0$753,636
77$1,962,716$0$0$802,124
78$2,088,001$0$0$854,665
79$2,223,706$0$0$911,643
80$2,370,819$0$0$973,481
81$2,530,426$0$0$1,040,645
82$2,703,723$0$0$1,113,648
83$2,892,026$0$0$1,193,053
84$3,096,779$0$0$1,279,481
85$3,319,575$0$0$1,373,614
86$3,562,165$0$0$1,476,202
87$3,826,474$0$0$1,588,072
88$4,114,624$0$0$1,710,134
89$4,428,947$0$0$1,843,389
90$4,772,011$0$0$1,988,939
91$5,146,645$0$0$2,147,997
92$5,555,960$0$0$2,321,899
93$6,003,382$0$0$2,512,114
94$6,492,684$0$0$2,720,264
95$7,028,019$0$0$2,948,130
96$7,613,959$0$0$3,197,676
97$8,255,542$0$0$3,471,064
98$8,958,313$0$0$3,770,675
99$9,728,379$0$0$4,099,132
100$10,572,465$0$0$4,459,322