Can I retire at age 54 with 565,000?

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 $565,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$46,657$46,242$45,836$45,440$45,054$44,808
2 years$23,098$22,667$22,251$21,846$21,454$21,206
3 years$15,245$14,813$14,398$13,997$13,611$13,368
4 years$11,320$10,889$10,478$10,084$9,708$9,472
5 years$8,966$8,537$8,131$7,746$7,380$7,152
6 years$7,396$6,971$6,571$6,194$5,839$5,620
7 years$6,276$5,855$5,461$5,093$4,749$4,538
8 years$5,436$5,018$4,631$4,272$3,940$3,737
9 years$4,783$4,370$3,989$3,639$3,318$3,124
10 years$4,261$3,852$3,477$3,137$2,827$2,641
11 years$3,834$3,429$3,062$2,730$2,431$2,254
12 years$3,479$3,077$2,717$2,394$2,107$1,937
13 years$3,178$2,781$2,427$2,114$1,837$1,675
14 years$2,921$2,528$2,181$1,877$1,611$1,456
15 years$2,698$2,309$1,969$1,674$1,418$1,271
16 years$2,503$2,119$1,785$1,498$1,253$1,114
17 years$2,331$1,951$1,625$1,346$1,111$979
18 years$2,179$1,803$1,483$1,213$988$863
19 years$2,043$1,671$1,358$1,096$881$762
20 years$1,920$1,553$1,246$993$787$674
21 years$1,810$1,446$1,146$901$704$598
22 years$1,709$1,350$1,056$819$631$531
23 years$1,618$1,263$975$746$566$472
24 years$1,534$1,183$902$681$509$420
25 years$1,457$1,110$835$622$458$374
26 years$1,386$1,044$775$568$413$334
27 years$1,320$982$719$520$372$298
28 years$1,259$925$669$477$336$266
29 years$1,203$873$622$437$303$238
30 years$1,150$824$580$401$274$213
31 years$1,101$779$541$368$248$190
32 years$1,055$737$504$339$224$170
33 years$1,012$698$471$311$203$152
34 years$971$662$440$286$184$137
35 years$933$628$411$264$166$122
36 years$897$596$385$243$151$110
37 years$863$566$360$224$137$98
38 years$831$538$337$206$124$88
39 years$801$511$316$190$112$79
40 years$772$487$296$175$102$71
41 years$745$463$278$162$92$64
42 years$719$441$261$149$84$57
43 years$695$420$244$138$76$51
44 years$671$401$229$127$69$46
45 years$649$382$215$118$63$41
46 years$628$364$202$109$57$37
47 years$607$348$190$100$52$33
48 years$588$332$179$93$47$30
49 years$569$317$168$86$43$27
50 years$552$303$158$79$39$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $565,000, adding $6,532 every year, while hoping to spend $40,553 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: 58/26/16 Blend
53$565,000$565,000$565,000$565,000
54$629,368$599,423$590,665$662,905
55$650,415$585,646$567,304$672,592
56$672,250$569,836$541,802$678,124
57$694,911$551,849$514,043$683,219
58$718,436$531,534$483,908$687,844
59$742,870$508,732$451,272$691,960
60$768,257$483,274$416,004$695,530
61$794,646$454,982$377,967$698,514
62$822,090$423,666$337,019$700,869
63$850,644$389,126$293,010$702,553
64$880,369$351,153$245,786$703,520
65$911,329$309,522$195,182$703,725
66$943,594$263,998$141,030$703,120
67$977,238$214,331$83,152$701,655
68$1,012,342$160,259$21,363$699,279
69$1,048,992$101,503$0$695,940
70$1,087,282$37,770$0$699,196
71$1,127,314$0$0$705,767
72$1,169,196$0$0$720,925
73$1,213,048$0$0$748,122
74$1,258,998$0$0$776,634
75$1,307,184$0$0$806,549
76$1,357,757$0$0$837,961
77$1,410,883$0$0$870,976
78$1,466,738$0$0$905,706
79$1,525,516$0$0$942,274
80$1,587,429$0$0$980,814
81$1,652,706$0$0$1,021,472
82$1,721,597$0$0$1,064,405
83$1,794,374$0$0$1,109,789
84$1,871,336$0$0$1,157,811
85$1,952,807$0$0$1,208,678
86$2,039,142$0$0$1,262,616
87$2,130,728$0$0$1,319,872
88$2,227,989$0$0$1,380,714
89$2,331,388$0$0$1,445,438
90$2,441,433$0$0$1,514,366
91$2,558,678$0$0$1,587,852
92$2,683,730$0$0$1,666,283
93$2,817,257$0$0$1,750,083
94$2,959,986$0$0$1,839,716
95$3,112,717$0$0$1,935,692
96$3,276,328$0$0$2,038,570
97$3,451,780$0$0$2,148,962
98$3,640,128$0$0$2,267,542
99$3,842,529$0$0$2,395,048
100$4,060,256$0$0$2,532,290