Can I retire at age 54 with 562,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $562,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$46,409$45,996$45,593$45,199$44,815$44,181
2 years$22,975$22,547$22,132$21,730$21,340$20,704
3 years$15,164$14,735$14,321$13,923$13,539$12,919
4 years$11,260$10,832$10,422$10,031$9,656$9,057
5 years$8,918$8,492$8,088$7,704$7,341$6,764
6 years$7,357$6,934$6,536$6,161$5,808$5,255
7 years$6,243$5,824$5,432$5,066$4,724$4,194
8 years$5,407$4,992$4,607$4,249$3,919$3,413
9 years$4,758$4,346$3,968$3,620$3,300$2,818
10 years$4,238$3,831$3,459$3,120$2,812$2,352
11 years$3,814$3,411$3,045$2,715$2,418$1,981
12 years$3,460$3,061$2,703$2,382$2,096$1,681
13 years$3,161$2,766$2,415$2,103$1,827$1,434
14 years$2,905$2,515$2,170$1,867$1,602$1,229
15 years$2,684$2,297$1,959$1,665$1,410$1,058
16 years$2,490$2,108$1,776$1,491$1,247$914
17 years$2,319$1,941$1,616$1,339$1,105$791
18 years$2,167$1,794$1,475$1,207$983$687
19 years$2,032$1,662$1,350$1,091$876$598
20 years$1,910$1,545$1,239$988$782$521
21 years$1,800$1,439$1,140$896$700$455
22 years$1,700$1,343$1,051$815$628$397
23 years$1,609$1,256$970$742$563$348
24 years$1,526$1,177$897$677$506$304
25 years$1,449$1,104$831$618$456$267
26 years$1,378$1,038$771$565$410$234
27 years$1,313$977$716$517$370$205
28 years$1,253$921$665$474$334$180
29 years$1,196$868$619$435$302$159
30 years$1,144$820$577$399$272$139
31 years$1,095$775$538$366$246$123
32 years$1,049$734$502$337$223$108
33 years$1,006$695$468$310$202$95
34 years$966$658$438$285$183$83
35 years$928$625$409$262$165$73
36 years$893$593$383$242$150$65
37 years$859$563$358$223$136$57
38 years$827$535$335$205$123$50
39 years$797$509$314$189$112$44
40 years$768$484$295$174$101$39
41 years$741$461$276$161$92$34
42 years$716$439$259$149$83$30
43 years$691$418$243$137$76$27
44 years$668$399$228$127$69$24
45 years$646$380$214$117$62$21
46 years$624$363$201$108$57$18
47 years$604$346$189$100$51$16
48 years$585$330$178$92$47$14
49 years$566$315$167$85$42$13
50 years$549$301$157$79$39$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $562,000, adding $3,733 every year, while hoping to spend $30,394 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: 43/35/22 Blend
53$562,000$562,000$562,000$562,000
54$623,175$593,389$584,678$645,835
55$654,399$590,126$571,925$659,008
56$687,790$585,684$557,727$670,042
57$723,537$579,974$542,003$681,381
58$761,845$572,901$524,667$693,069
59$802,943$564,363$505,633$705,158
60$847,080$554,253$484,809$717,704
61$894,529$542,458$462,097$730,775
62$945,591$528,858$437,397$744,446
63$1,000,595$513,327$410,604$758,803
64$1,059,905$495,728$381,608$773,943
65$1,123,917$475,921$350,294$789,975
66$1,193,069$453,754$316,541$807,026
67$1,267,842$429,068$280,226$825,236
68$1,348,764$401,695$241,215$844,762
69$1,436,416$371,455$199,374$865,785
70$1,531,435$338,162$154,558$888,505
71$1,634,525$301,615$106,618$913,148
72$1,746,456$261,603$55,400$939,966
73$1,868,079$217,906$739$969,245
74$2,000,326$170,287$0$1,001,301
75$2,144,227$118,498$0$1,050,009
76$2,300,911$62,278$0$1,103,313
77$2,471,623$1,349$0$1,161,526
78$2,657,732$0$0$1,225,189
79$2,860,746$0$0$1,319,776
80$3,082,323$0$0$1,423,644
81$3,324,288$0$0$1,537,138
82$3,588,653$0$0$1,661,210
83$3,877,629$0$0$1,796,906
84$4,193,653$0$0$1,945,380
85$4,539,408$0$0$2,107,901
86$4,917,847$0$0$2,285,869
87$5,332,222$0$0$2,480,823
88$5,786,115$0$0$2,694,459
89$6,283,470$0$0$2,928,645
90$6,828,632$0$0$3,185,436
91$7,426,384$0$0$3,467,100
92$8,081,995$0$0$3,776,131
93$8,801,270$0$0$4,115,278
94$9,590,600$0$0$4,487,569
95$10,457,027$0$0$4,896,337
96$11,408,308$0$0$5,345,258
97$12,452,987$0$0$5,838,378
98$13,600,475$0$0$6,380,155
99$14,861,141$0$0$6,975,500
100$16,246,408$0$0$7,629,825