Can I retire at age 54 with 561,000?

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 $561,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$46,327$45,914$45,512$45,119$44,735$44,231
2 years$22,934$22,507$22,093$21,692$21,302$20,795
3 years$15,138$14,709$14,296$13,898$13,515$13,020
4 years$11,240$10,812$10,404$10,013$9,639$9,160
5 years$8,902$8,477$8,074$7,691$7,327$6,866
6 years$7,344$6,922$6,525$6,150$5,798$5,355
7 years$6,232$5,813$5,422$5,057$4,715$4,291
8 years$5,398$4,983$4,598$4,242$3,912$3,505
9 years$4,749$4,339$3,961$3,613$3,294$2,906
10 years$4,231$3,824$3,453$3,115$2,807$2,436
11 years$3,807$3,404$3,040$2,711$2,414$2,061
12 years$3,454$3,056$2,698$2,378$2,092$1,756
13 years$3,156$2,761$2,410$2,099$1,824$1,505
14 years$2,900$2,510$2,166$1,863$1,599$1,297
15 years$2,679$2,293$1,955$1,662$1,408$1,121
16 years$2,485$2,104$1,773$1,488$1,244$973
17 years$2,315$1,938$1,613$1,337$1,103$847
18 years$2,164$1,790$1,473$1,205$981$739
19 years$2,028$1,659$1,348$1,089$874$646
20 years$1,907$1,542$1,237$986$781$566
21 years$1,797$1,436$1,138$895$699$496
22 years$1,697$1,341$1,049$814$627$436
23 years$1,606$1,254$968$741$562$384
24 years$1,523$1,175$896$676$505$338
25 years$1,446$1,102$830$617$455$298
26 years$1,376$1,036$769$564$410$263
27 years$1,311$975$714$517$369$232
28 years$1,250$919$664$473$333$205
29 years$1,194$867$618$434$301$181
30 years$1,142$819$576$398$272$160
31 years$1,093$774$537$366$246$141
32 years$1,047$732$501$336$222$125
33 years$1,005$693$468$309$201$111
34 years$964$657$437$284$182$98
35 years$927$623$408$262$165$87
36 years$891$592$382$241$150$77
37 years$857$562$358$222$136$68
38 years$826$534$335$205$123$60
39 years$795$508$314$189$111$54
40 years$767$483$294$174$101$47
41 years$740$460$276$161$92$42
42 years$714$438$259$148$83$37
43 years$690$417$243$137$76$33
44 years$667$398$228$126$69$29
45 years$644$379$214$117$62$26
46 years$623$362$201$108$56$23
47 years$603$345$189$100$51$20
48 years$584$330$177$92$47$18
49 years$565$315$167$85$42$16
50 years$548$301$157$79$38$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $561,000, adding $4,145 every year, while hoping to spend $39,264 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: 57/36/7 Blend
53$561,000$561,000$561,000$561,000
54$622,498$592,765$584,069$656,788
55$644,216$580,033$561,859$667,613
56$666,833$565,363$537,589$674,627
57$690,400$548,615$511,148$681,299
58$714,971$529,647$482,421$687,601
59$740,603$508,306$451,288$693,502
60$767,361$484,428$417,622$698,974
61$795,311$457,844$381,291$703,983
62$824,526$428,373$342,158$708,497
63$855,087$395,822$300,080$712,485
64$887,078$359,990$254,905$715,912
65$920,593$320,662$206,477$718,744
66$955,732$277,613$154,632$720,949
67$992,604$230,603$99,199$722,491
68$1,031,327$179,381$40,001$723,338
69$1,072,031$123,679$0$723,455
70$1,114,856$63,216$0$724,543
71$1,159,952$0$0$728,139
72$1,207,488$0$0$732,151
73$1,257,642$0$0$762,826
74$1,310,612$0$0$795,243
75$1,366,613$0$0$829,538
76$1,425,879$0$0$865,855
77$1,488,666$0$0$904,356
78$1,555,254$0$0$945,214
79$1,625,948$0$0$988,621
80$1,701,083$0$0$1,034,786
81$1,781,024$0$0$1,083,938
82$1,866,172$0$0$1,136,327
83$1,956,965$0$0$1,192,227
84$2,053,882$0$0$1,251,938
85$2,157,451$0$0$1,315,791
86$2,268,246$0$0$1,384,145
87$2,386,901$0$0$1,457,397
88$2,514,108$0$0$1,535,981
89$2,650,628$0$0$1,620,373
90$2,797,296$0$0$1,711,096
91$2,955,028$0$0$1,808,725
92$3,124,829$0$0$1,913,889
93$3,307,804$0$0$2,027,281
94$3,505,166$0$0$2,149,662
95$3,718,248$0$0$2,281,867
96$3,948,515$0$0$2,424,815
97$4,197,575$0$0$2,579,514
98$4,467,198$0$0$2,747,075
99$4,759,329$0$0$2,928,717
100$5,076,107$0$0$3,125,783