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%20%
1 years$46,657$46,242$45,836$45,440$45,054$43,249
2 years$23,098$22,667$22,251$21,846$21,454$19,659
3 years$15,245$14,813$14,398$13,997$13,611$11,882
4 years$11,320$10,889$10,478$10,084$9,708$8,057
5 years$8,966$8,537$8,131$7,746$7,380$5,812
6 years$7,396$6,971$6,571$6,194$5,839$4,355
7 years$6,276$5,855$5,461$5,093$4,749$3,349
8 years$5,436$5,018$4,631$4,272$3,940$2,621
9 years$4,783$4,370$3,989$3,639$3,318$2,079
10 years$4,261$3,852$3,477$3,137$2,827$1,666
11 years$3,834$3,429$3,062$2,730$2,431$1,345
12 years$3,479$3,077$2,717$2,394$2,107$1,093
13 years$3,178$2,781$2,427$2,114$1,837$892
14 years$2,921$2,528$2,181$1,877$1,611$731
15 years$2,698$2,309$1,969$1,674$1,418$600
16 years$2,503$2,119$1,785$1,498$1,253$495
17 years$2,331$1,951$1,625$1,346$1,111$408
18 years$2,179$1,803$1,483$1,213$988$338
19 years$2,043$1,671$1,358$1,096$881$279
20 years$1,920$1,553$1,246$993$787$232
21 years$1,810$1,446$1,146$901$704$192
22 years$1,709$1,350$1,056$819$631$160
23 years$1,618$1,263$975$746$566$133
24 years$1,534$1,183$902$681$509$110
25 years$1,457$1,110$835$622$458$92
26 years$1,386$1,044$775$568$413$76
27 years$1,320$982$719$520$372$63
28 years$1,259$925$669$477$336$53
29 years$1,203$873$622$437$303$44
30 years$1,150$824$580$401$274$37
31 years$1,101$779$541$368$248$30
32 years$1,055$737$504$339$224$25
33 years$1,012$698$471$311$203$21
34 years$971$662$440$286$184$18
35 years$933$628$411$264$166$15
36 years$897$596$385$243$151$12
37 years$863$566$360$224$137$10
38 years$831$538$337$206$124$8
39 years$801$511$316$190$112$7
40 years$772$487$296$175$102$6
41 years$745$463$278$162$92$5
42 years$719$441$261$149$84$4
43 years$695$420$244$138$76$3
44 years$671$401$229$127$69$3
45 years$649$382$215$118$63$2
46 years$628$364$202$109$57$2
47 years$607$348$190$100$52$2
48 years$588$332$179$93$47$1
49 years$569$317$168$86$43$1
50 years$552$303$158$79$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $565,000, adding $6,149 every year, while hoping to spend $33,401 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: 37/37/26 Blend
53$565,000$565,000$565,000$565,000
54$628,973$599,028$590,270$647,160
55$657,590$592,842$574,506$654,896
56$688,006$585,233$557,094$659,738
57$720,370$576,097$537,944$664,317
58$754,844$565,322$516,961$668,630
59$791,606$552,790$494,047$672,677
60$830,850$538,377$469,098$676,463
61$872,790$521,951$442,006$679,992
62$917,659$503,371$412,658$683,277
63$965,714$482,491$380,936$686,332
64$1,017,236$459,152$346,717$689,178
65$1,072,533$433,189$309,871$691,843
66$1,131,944$404,428$270,264$694,361
67$1,195,841$372,683$227,756$696,772
68$1,264,630$337,759$182,200$699,128
69$1,338,761$299,448$133,442$701,491
70$1,418,725$257,531$81,323$703,933
71$1,505,063$211,778$25,675$706,541
72$1,598,369$161,944$0$709,414
73$1,699,295$107,772$0$722,022
74$1,808,559$48,989$0$743,358
75$1,926,950$0$0$766,503
76$2,055,335$0$0$797,672
77$2,194,669$0$0$853,212
78$2,346,000$0$0$913,604
79$2,510,482$0$0$979,317
80$2,689,384$0$0$1,050,867
81$2,884,104$0$0$1,128,822
82$3,096,178$0$0$1,213,808
83$3,327,298$0$0$1,306,513
84$3,579,323$0$0$1,407,694
85$3,854,304$0$0$1,518,185
86$4,154,494$0$0$1,638,903
87$4,482,376$0$0$1,770,860
88$4,840,681$0$0$1,915,167
89$5,232,418$0$0$2,073,049
90$5,660,900$0$0$2,245,854
91$6,129,771$0$0$2,435,069
92$6,643,049$0$0$2,642,328
93$7,205,154$0$0$2,869,432
94$7,820,956$0$0$3,118,364
95$8,495,817$0$0$3,391,310
96$9,235,644$0$0$3,690,675
97$10,046,941$0$0$4,019,108
98$10,936,871$0$0$4,379,529
99$11,913,326$0$0$4,775,153
100$12,984,999$0$0$5,209,522