Can I retire at age 54 with 563,000?

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 $563,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$46,492$46,078$45,674$45,279$44,894$44,006
2 years$23,016$22,587$22,172$21,769$21,378$20,487
3 years$15,191$14,761$14,347$13,948$13,563$12,697
4 years$11,280$10,851$10,441$10,048$9,673$8,839
5 years$8,934$8,507$8,102$7,718$7,354$6,553
6 years$7,370$6,947$6,548$6,172$5,819$5,053
7 years$6,254$5,834$5,441$5,075$4,732$4,001
8 years$5,417$5,001$4,615$4,257$3,926$3,229
9 years$4,766$4,354$3,975$3,626$3,306$2,644
10 years$4,246$3,838$3,465$3,126$2,817$2,189
11 years$3,821$3,417$3,051$2,720$2,423$1,827
12 years$3,466$3,067$2,707$2,386$2,099$1,536
13 years$3,167$2,771$2,419$2,106$1,831$1,299
14 years$2,910$2,519$2,173$1,870$1,605$1,103
15 years$2,688$2,301$1,962$1,668$1,413$940
16 years$2,494$2,111$1,779$1,493$1,249$804
17 years$2,323$1,944$1,619$1,342$1,107$689
18 years$2,171$1,797$1,478$1,209$985$592
19 years$2,036$1,665$1,353$1,092$878$510
20 years$1,913$1,547$1,242$989$784$440
21 years$1,803$1,441$1,142$898$701$380
22 years$1,703$1,345$1,053$816$629$328
23 years$1,612$1,258$972$744$564$284
24 years$1,528$1,179$899$678$507$246
25 years$1,452$1,106$832$619$456$213
26 years$1,381$1,040$772$566$411$185
27 years$1,315$979$717$518$371$161
28 years$1,255$922$666$475$335$140
29 years$1,198$870$620$436$302$121
30 years$1,146$822$578$400$273$105
31 years$1,097$777$539$367$247$92
32 years$1,051$735$503$337$223$80
33 years$1,008$696$469$310$202$69
34 years$968$660$438$285$183$60
35 years$930$626$410$263$166$52
36 years$894$594$383$242$150$46
37 years$860$564$359$223$136$40
38 years$829$536$336$206$123$35
39 years$798$510$315$190$112$30
40 years$770$485$295$175$101$26
41 years$743$462$277$161$92$23
42 years$717$440$260$149$84$20
43 years$692$419$244$137$76$17
44 years$669$399$229$127$69$15
45 years$647$381$215$117$62$13
46 years$625$363$202$108$57$11
47 years$605$347$189$100$51$10
48 years$586$331$178$92$47$9
49 years$567$316$167$85$42$8
50 years$550$302$157$79$39$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $563,000, adding $3,934 every year, while hoping to spend $37,069 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: 68/6/26 Blend
53$563,000$563,000$563,000$563,000
54$624,484$594,645$585,918$662,504
55$648,740$584,341$566,106$678,232
56$674,228$572,291$544,387$690,837
57$701,034$558,368$520,658$703,776
58$729,253$542,441$494,814$717,082
59$758,986$524,370$466,739$730,792
60$790,346$504,007$436,318$744,950
61$823,453$481,196$403,427$759,603
62$858,441$455,770$367,938$774,806
63$895,454$427,555$329,716$790,621
64$934,651$396,365$288,621$807,116
65$976,202$362,004$244,507$824,370
66$1,020,298$324,266$197,221$842,469
67$1,067,144$282,930$146,604$861,513
68$1,116,966$237,767$92,488$881,609
69$1,170,011$188,532$34,701$902,882
70$1,226,548$134,966$0$925,469
71$1,286,873$76,796$0$957,005
72$1,351,311$13,736$0$1,000,940
73$1,420,217$0$0$1,047,885
74$1,493,980$0$0$1,101,708
75$1,573,027$0$0$1,160,382
76$1,657,827$0$0$1,223,348
77$1,748,893$0$0$1,290,993
78$1,846,790$0$0$1,363,737
79$1,952,137$0$0$1,442,044
80$2,065,615$0$0$1,526,424
81$2,187,969$0$0$1,617,435
82$2,320,021$0$0$1,715,692
83$2,462,672$0$0$1,821,870
84$2,616,912$0$0$1,936,709
85$2,783,831$0$0$2,061,026
86$2,964,626$0$0$2,195,717
87$3,160,612$0$0$2,341,766
88$3,373,237$0$0$2,500,259
89$3,604,092$0$0$2,672,386
90$3,854,928$0$0$2,859,459
91$4,127,671$0$0$3,062,920
92$4,424,440$0$0$3,284,355
93$4,747,564$0$0$3,525,511
94$5,099,610$0$0$3,788,308
95$5,483,401$0$0$4,074,861
96$5,902,042$0$0$4,387,498
97$6,358,954$0$0$4,728,779
98$6,857,900$0$0$5,101,523
99$7,403,024$0$0$5,508,836
100$7,998,888$0$0$5,954,134