Can I retire at age 54 with 567,000?

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 $567,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$46,822$46,405$45,998$45,601$45,213$43,419
2 years$23,179$22,748$22,329$21,924$21,530$19,745
3 years$15,299$14,866$14,449$14,047$13,660$11,940
4 years$11,360$10,928$10,515$10,120$9,742$8,100
5 years$8,997$8,568$8,160$7,773$7,406$5,846
6 years$7,423$6,996$6,594$6,216$5,860$4,384
7 years$6,298$5,875$5,480$5,111$4,766$3,372
8 years$5,455$5,036$4,647$4,287$3,954$2,641
9 years$4,800$4,385$4,003$3,652$3,330$2,097
10 years$4,276$3,865$3,490$3,148$2,837$1,681
11 years$3,848$3,441$3,072$2,740$2,440$1,358
12 years$3,491$3,088$2,727$2,403$2,114$1,104
13 years$3,189$2,791$2,436$2,121$1,844$902
14 years$2,931$2,537$2,189$1,883$1,616$739
15 years$2,708$2,318$1,976$1,679$1,423$608
16 years$2,512$2,126$1,792$1,504$1,258$501
17 years$2,340$1,958$1,630$1,351$1,115$414
18 years$2,187$1,809$1,488$1,218$992$343
19 years$2,050$1,677$1,363$1,100$884$284
20 years$1,927$1,558$1,250$996$789$235
21 years$1,816$1,452$1,150$904$706$195
22 years$1,715$1,355$1,060$822$633$162
23 years$1,623$1,267$979$749$568$135
24 years$1,539$1,187$905$683$511$112
25 years$1,462$1,114$838$624$460$93
26 years$1,391$1,047$778$570$414$78
27 years$1,325$986$722$522$373$65
28 years$1,264$929$671$478$337$54
29 years$1,207$876$625$439$304$45
30 years$1,154$827$582$403$275$37
31 years$1,105$782$542$370$249$31
32 years$1,059$740$506$340$225$26
33 years$1,015$701$473$312$203$22
34 years$975$664$442$287$184$18
35 years$937$630$413$265$167$15
36 years$901$598$386$244$151$13
37 years$867$568$361$225$137$10
38 years$834$540$338$207$124$9
39 years$804$513$317$191$113$7
40 years$775$488$297$176$102$6
41 years$748$465$279$162$93$5
42 years$722$443$261$150$84$4
43 years$697$422$245$138$76$4
44 years$674$402$230$128$69$3
45 years$651$383$216$118$63$2
46 years$630$366$203$109$57$2
47 years$610$349$191$101$52$2
48 years$590$333$179$93$47$1
49 years$571$318$169$86$43$1
50 years$554$304$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 $567,000, adding $4,969 every year, while hoping to spend $36,371 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: 57/24/19 Blend
53$567,000$567,000$567,000$567,000
54$629,960$599,909$591,120$662,420
55$655,517$590,606$572,224$675,763
56$682,462$579,628$551,476$685,944
57$710,898$566,855$528,776$696,228
58$740,938$552,159$504,018$706,635
59$772,704$535,405$477,093$717,185
60$806,330$516,450$447,886$727,905
61$841,963$495,143$416,276$738,825
62$879,761$471,323$382,140$749,980
63$919,901$444,822$345,346$761,411
64$962,573$415,460$305,757$773,168
65$1,007,985$383,047$263,229$785,305
66$1,056,367$347,385$217,616$797,888
67$1,107,970$308,260$168,759$810,988
68$1,163,068$265,449$116,497$824,692
69$1,221,961$218,716$60,660$839,094
70$1,284,979$167,812$1,071$854,305
71$1,352,485$112,472$0$870,449
72$1,424,874$52,419$0$900,343
73$1,502,581$0$0$932,526
74$1,586,083$0$0$970,341
75$1,675,906$0$0$1,025,945
76$1,772,624$0$0$1,085,855
77$1,876,869$0$0$1,150,466
78$1,989,335$0$0$1,220,214
79$2,110,785$0$0$1,295,576
80$2,242,057$0$0$1,377,079
81$2,384,072$0$0$1,465,300
82$2,537,842$0$0$1,560,874
83$2,704,481$0$0$1,664,499
84$2,885,211$0$0$1,776,943
85$3,081,380$0$0$1,899,050
86$3,294,466$0$0$2,031,749
87$3,526,100$0$0$2,176,061
88$3,778,071$0$0$2,333,112
89$4,052,352$0$0$2,504,137
90$4,351,110$0$0$2,690,497
91$4,676,731$0$0$2,893,691
92$5,031,843$0$0$3,115,367
93$5,419,337$0$0$3,357,339
94$5,842,393$0$0$3,621,604
95$6,304,515$0$0$3,910,362
96$6,809,558$0$0$4,226,033
97$7,361,769$0$0$4,571,282
98$7,965,820$0$0$4,949,043
99$8,626,860$0$0$5,362,548
100$9,350,553$0$0$5,815,355