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%17.5%
1 years$46,162$45,751$45,349$44,958$44,575$43,218
2 years$22,852$22,427$22,014$21,614$21,226$19,870
3 years$15,084$14,656$14,245$13,849$13,467$12,155
4 years$11,200$10,774$10,366$9,977$9,605$8,347
5 years$8,870$8,447$8,045$7,663$7,301$6,101
6 years$7,318$6,897$6,501$6,128$5,777$4,635
7 years$6,209$5,792$5,403$5,039$4,698$3,615
8 years$5,378$4,965$4,582$4,227$3,898$2,872
9 years$4,732$4,323$3,946$3,600$3,283$2,313
10 years$4,216$3,811$3,441$3,103$2,797$1,883
11 years$3,793$3,392$3,029$2,701$2,405$1,545
12 years$3,442$3,045$2,688$2,369$2,084$1,276
13 years$3,144$2,752$2,402$2,092$1,818$1,060
14 years$2,890$2,501$2,158$1,857$1,593$883
15 years$2,669$2,285$1,948$1,656$1,403$739
16 years$2,477$2,096$1,766$1,483$1,240$620
17 years$2,307$1,931$1,607$1,332$1,099$521
18 years$2,156$1,784$1,467$1,200$978$439
19 years$2,021$1,653$1,343$1,085$871$370
20 years$1,900$1,536$1,233$982$778$313
21 years$1,790$1,431$1,134$892$696$265
22 years$1,691$1,336$1,045$811$624$224
23 years$1,600$1,249$965$738$560$190
24 years$1,517$1,171$892$673$504$161
25 years$1,441$1,099$827$615$453$137
26 years$1,371$1,032$767$562$408$116
27 years$1,306$972$712$515$368$98
28 years$1,246$916$662$472$332$84
29 years$1,190$864$616$432$300$71
30 years$1,138$816$574$397$271$60
31 years$1,089$771$535$364$245$51
32 years$1,044$730$499$335$222$44
33 years$1,001$691$466$308$201$37
34 years$961$655$435$283$182$32
35 years$923$621$407$261$164$27
36 years$888$590$381$240$149$23
37 years$854$560$356$221$135$19
38 years$823$532$334$204$122$17
39 years$793$506$313$188$111$14
40 years$764$481$293$174$101$12
41 years$737$458$275$160$91$10
42 years$712$436$258$148$83$9
43 years$687$416$242$136$75$7
44 years$664$396$227$126$68$6
45 years$642$378$213$116$62$5
46 years$621$361$200$107$56$5
47 years$601$344$188$99$51$4
48 years$582$329$177$92$46$3
49 years$563$314$166$85$42$3
50 years$546$300$156$78$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $559,000, adding $4,770 every year, while hoping to spend $33,477 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: 78/7/15 Blend
53$559,000$559,000$559,000$559,000
54$620,938$591,311$582,647$667,045
55$648,655$584,666$566,546$691,454
56$678,076$576,574$548,784$713,494
57$709,341$566,927$529,270$736,737
58$742,602$555,614$507,908$761,289
59$778,023$542,515$484,599$787,269
60$815,788$527,505$459,239$814,807
61$856,094$510,448$431,719$844,050
62$899,159$491,204$401,926$875,154
63$945,224$469,623$369,741$908,298
64$994,549$445,547$335,039$943,675
65$1,047,422$418,808$297,692$981,500
66$1,104,158$389,229$257,564$1,022,010
67$1,165,103$356,622$214,513$1,065,466
68$1,230,636$320,789$168,392$1,112,158
69$1,301,175$281,521$119,047$1,162,405
70$1,377,176$238,598$66,317$1,216,559
71$1,459,143$191,784$10,033$1,275,009
72$1,547,628$140,833$0$1,338,184
73$1,643,238$85,485$0$1,414,567
74$1,746,638$25,464$0$1,498,907
75$1,858,563$0$0$1,590,206
76$1,979,818$0$0$1,692,177
77$2,111,289$0$0$1,804,882
78$2,253,949$0$0$1,927,196
79$2,408,872$0$0$2,060,040
80$2,577,235$0$0$2,204,426
81$2,760,335$0$0$2,361,469
82$2,959,597$0$0$2,532,395
83$3,176,593$0$0$2,718,551
84$3,413,048$0$0$2,921,423
85$3,670,863$0$0$3,142,643
86$3,952,131$0$0$3,384,010
87$4,259,154$0$0$3,647,502
88$4,594,465$0$0$3,935,298
89$4,960,856$0$0$4,249,795
90$5,361,399$0$0$4,593,633
91$5,799,474$0$0$4,969,718
92$6,278,807$0$0$5,381,252
93$6,803,497$0$0$5,831,758
94$7,378,059$0$0$6,325,116
95$8,007,465$0$0$6,865,601
96$8,697,191$0$0$7,457,917
97$9,453,268$0$0$8,107,248
98$10,282,337$0$0$8,819,303
99$11,191,714$0$0$9,600,369
100$12,189,455$0$0$10,457,371