Can I retire at age 54 with 564,000?

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 $564,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$46,575$46,160$45,755$45,360$44,974$43,587
2 years$23,057$22,627$22,211$21,808$21,416$20,031
3 years$15,218$14,787$14,372$13,972$13,587$12,247
4 years$11,300$10,870$10,459$10,066$9,691$8,406
5 years$8,950$8,522$8,117$7,732$7,367$6,141
6 years$7,383$6,959$6,560$6,183$5,829$4,663
7 years$6,265$5,844$5,451$5,084$4,741$3,635
8 years$5,426$5,010$4,623$4,265$3,933$2,886
9 years$4,775$4,362$3,982$3,632$3,312$2,323
10 years$4,253$3,845$3,471$3,131$2,822$1,890
11 years$3,827$3,423$3,056$2,725$2,427$1,550
12 years$3,473$3,072$2,712$2,390$2,103$1,279
13 years$3,173$2,776$2,423$2,110$1,834$1,061
14 years$2,916$2,524$2,177$1,873$1,608$884
15 years$2,693$2,305$1,966$1,671$1,416$739
16 years$2,499$2,115$1,782$1,496$1,251$620
17 years$2,327$1,948$1,622$1,344$1,109$521
18 years$2,175$1,800$1,480$1,211$986$438
19 years$2,039$1,668$1,355$1,094$879$369
20 years$1,917$1,550$1,244$991$785$312
21 years$1,806$1,444$1,144$900$703$264
22 years$1,706$1,348$1,054$818$630$223
23 years$1,615$1,261$974$745$565$189
24 years$1,531$1,181$900$679$508$160
25 years$1,454$1,108$834$620$457$136
26 years$1,383$1,042$773$567$412$115
27 years$1,318$980$718$519$371$98
28 years$1,257$924$668$476$335$83
29 years$1,201$871$621$436$303$70
30 years$1,148$823$579$400$273$60
31 years$1,099$778$540$368$247$51
32 years$1,053$736$503$338$224$43
33 years$1,010$697$470$311$202$37
34 years$970$661$439$286$183$31
35 years$932$627$411$263$166$26
36 years$896$595$384$242$150$22
37 years$862$565$360$223$136$19
38 years$830$537$337$206$124$16
39 years$800$511$315$190$112$14
40 years$771$486$296$175$102$12
41 years$744$462$277$162$92$10
42 years$718$440$260$149$84$8
43 years$693$420$244$138$76$7
44 years$670$400$229$127$69$6
45 years$648$381$215$117$63$5
46 years$627$364$202$108$57$4
47 years$606$347$190$100$52$4
48 years$587$331$178$93$47$3
49 years$568$317$168$86$43$3
50 years$551$302$158$79$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $564,000, adding $3,772 every year, while hoping to spend $40,360 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: 36/45/19 Blend
53$564,000$564,000$564,000$564,000
54$625,419$595,527$586,785$644,205
55$646,269$581,765$563,499$644,459
56$667,893$565,976$538,081$640,681
57$690,327$548,018$510,416$635,762
58$713,611$527,741$480,385$629,624
59$737,784$504,986$447,863$622,183
60$762,892$479,584$412,721$613,352
61$788,982$451,358$374,822$603,039
62$816,103$420,120$334,023$591,148
63$844,310$385,670$290,177$577,576
64$873,660$347,799$243,129$562,217
65$904,216$306,283$192,717$544,959
66$936,044$260,889$138,771$525,684
67$969,216$211,368$81,115$504,270
68$1,003,809$157,458$19,565$480,587
69$1,039,906$98,882$0$454,500
70$1,077,596$35,347$0$435,216
71$1,116,978$0$0$418,079
72$1,158,154$0$0$415,571
73$1,201,238$0$0$431,280
74$1,246,353$0$0$447,752
75$1,293,631$0$0$465,037
76$1,343,216$0$0$483,191
77$1,395,264$0$0$502,275
78$1,449,945$0$0$522,353
79$1,507,443$0$0$543,499
80$1,567,959$0$0$565,788
81$1,631,709$0$0$589,308
82$1,698,933$0$0$614,149
83$1,769,888$0$0$640,413
84$1,844,857$0$0$668,210
85$1,924,148$0$0$697,660
86$2,008,097$0$0$728,895
87$2,097,070$0$0$762,058
88$2,191,470$0$0$797,307
89$2,291,733$0$0$834,813
90$2,398,341$0$0$874,764
91$2,511,818$0$0$917,366
92$2,632,738$0$0$962,845
93$2,761,730$0$0$1,011,448
94$2,899,484$0$0$1,063,446
95$3,046,755$0$0$1,119,135
96$3,204,370$0$0$1,178,843
97$3,373,237$0$0$1,242,925
98$3,554,353$0$0$1,311,775
99$3,748,809$0$0$1,385,824
100$3,957,805$0$0$1,465,542