Can I retire at age 54 with 559,000?

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 $559,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$46,162$45,751$45,349$44,958$44,575$43,729
2 years$22,852$22,427$22,014$21,614$21,226$20,377
3 years$15,084$14,656$14,245$13,849$13,467$12,641
4 years$11,200$10,774$10,366$9,977$9,605$8,809
5 years$8,870$8,447$8,045$7,663$7,301$6,537
6 years$7,318$6,897$6,501$6,128$5,777$5,046
7 years$6,209$5,792$5,403$5,039$4,698$4,000
8 years$5,378$4,965$4,582$4,227$3,898$3,233
9 years$4,732$4,323$3,946$3,600$3,283$2,650
10 years$4,216$3,811$3,441$3,103$2,797$2,196
11 years$3,793$3,392$3,029$2,701$2,405$1,836
12 years$3,442$3,045$2,688$2,369$2,084$1,545
13 years$3,144$2,752$2,402$2,092$1,818$1,308
14 years$2,890$2,501$2,158$1,857$1,593$1,112
15 years$2,669$2,285$1,948$1,656$1,403$950
16 years$2,477$2,096$1,766$1,483$1,240$813
17 years$2,307$1,931$1,607$1,332$1,099$698
18 years$2,156$1,784$1,467$1,200$978$601
19 years$2,021$1,653$1,343$1,085$871$518
20 years$1,900$1,536$1,233$982$778$448
21 years$1,790$1,431$1,134$892$696$387
22 years$1,691$1,336$1,045$811$624$335
23 years$1,600$1,249$965$738$560$291
24 years$1,517$1,171$892$673$504$252
25 years$1,441$1,099$827$615$453$219
26 years$1,371$1,032$767$562$408$190
27 years$1,306$972$712$515$368$165
28 years$1,246$916$662$472$332$144
29 years$1,190$864$616$432$300$125
30 years$1,138$816$574$397$271$109
31 years$1,089$771$535$364$245$95
32 years$1,044$730$499$335$222$83
33 years$1,001$691$466$308$201$72
34 years$961$655$435$283$182$63
35 years$923$621$407$261$164$55
36 years$888$590$381$240$149$48
37 years$854$560$356$221$135$42
38 years$823$532$334$204$122$36
39 years$793$506$313$188$111$32
40 years$764$481$293$174$101$28
41 years$737$458$275$160$91$24
42 years$712$436$258$148$83$21
43 years$687$416$242$136$75$18
44 years$664$396$227$126$68$16
45 years$642$378$213$116$62$14
46 years$621$361$200$107$56$12
47 years$601$344$188$99$51$11
48 years$582$329$177$92$46$9
49 years$563$314$166$85$42$8
50 years$546$300$156$78$38$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $559,000, adding $3,958 every year, while hoping to spend $40,049 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: 46/40/14 Blend
53$559,000$559,000$559,000$559,000
54$620,101$590,474$581,809$645,995
55$640,739$576,795$558,688$650,698
56$662,140$561,104$533,450$651,406
57$684,340$543,259$505,982$651,296
58$707,376$523,112$476,165$650,308
59$731,288$500,505$443,877$648,376
60$756,120$475,270$408,987$645,435
61$781,917$447,231$371,361$641,415
62$808,729$416,202$330,858$636,241
63$836,608$381,984$287,331$629,837
64$865,611$344,370$240,624$622,120
65$895,797$303,138$190,579$613,006
66$927,231$258,055$137,027$602,406
67$959,984$208,875$79,793$590,227
68$994,131$155,338$18,694$576,371
69$1,029,751$97,169$0$560,735
70$1,066,933$34,077$0$550,162
71$1,105,770$0$0$541,025
72$1,146,363$0$0$545,517
73$1,188,823$0$0$565,919
74$1,233,268$0$0$587,292
75$1,279,827$0$0$609,701
76$1,328,639$0$0$633,214
77$1,379,855$0$0$657,907
78$1,433,640$0$0$683,862
79$1,490,171$0$0$711,168
80$1,549,643$0$0$739,923
81$1,612,267$0$0$770,231
82$1,678,272$0$0$802,208
83$1,747,908$0$0$835,979
84$1,821,449$0$0$871,681
85$1,899,191$0$0$909,463
86$1,981,459$0$0$949,488
87$2,068,609$0$0$991,935
88$2,161,026$0$0$1,036,997
89$2,259,134$0$0$1,084,889
90$2,363,397$0$0$1,135,841
91$2,474,319$0$0$1,190,111
92$2,592,457$0$0$1,247,976
93$2,718,416$0$0$1,309,742
94$2,852,861$0$0$1,375,744
95$2,996,520$0$0$1,446,349
96$3,150,191$0$0$1,521,960
97$3,314,750$0$0$1,603,017
98$3,491,155$0$0$1,690,006
99$3,680,461$0$0$1,783,457
100$3,883,821$0$0$1,883,954