Can I retire at age 54 with 568,000?

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 $568,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$46,905$46,487$46,079$45,682$45,293$44,857
2 years$23,220$22,788$22,369$21,962$21,568$21,129
3 years$15,326$14,892$14,474$14,071$13,684$13,255
4 years$11,380$10,947$10,533$10,138$9,759$9,345
5 years$9,013$8,583$8,174$7,787$7,419$7,019
6 years$7,436$7,008$6,606$6,227$5,870$5,486
7 years$6,309$5,886$5,490$5,120$4,774$4,405
8 years$5,465$5,045$4,656$4,295$3,961$3,607
9 years$4,808$4,393$4,010$3,658$3,335$2,998
10 years$4,284$3,872$3,496$3,153$2,842$2,519
11 years$3,855$3,447$3,078$2,744$2,444$2,137
12 years$3,497$3,094$2,731$2,407$2,118$1,825
13 years$3,195$2,796$2,440$2,125$1,847$1,568
14 years$2,936$2,541$2,193$1,887$1,619$1,354
15 years$2,712$2,322$1,980$1,682$1,426$1,175
16 years$2,516$2,130$1,795$1,506$1,260$1,022
17 years$2,344$1,962$1,633$1,354$1,117$892
18 years$2,191$1,813$1,491$1,220$993$780
19 years$2,054$1,680$1,365$1,102$885$684
20 years$1,930$1,561$1,253$998$791$601
21 years$1,819$1,454$1,152$906$708$529
22 years$1,718$1,357$1,062$824$634$466
23 years$1,626$1,270$981$750$569$411
24 years$1,542$1,189$907$684$512$363
25 years$1,464$1,116$840$625$461$321
26 years$1,393$1,049$779$571$415$284
27 years$1,327$987$723$523$374$252
28 years$1,266$930$672$479$337$223
29 years$1,209$878$626$439$305$198
30 years$1,156$829$583$403$275$175
31 years$1,107$784$543$370$249$156
32 years$1,061$741$507$340$225$138
33 years$1,017$702$473$313$204$123
34 years$976$665$442$288$185$109
35 years$938$631$414$265$167$97
36 years$902$599$387$244$151$86
37 years$868$569$362$225$137$77
38 years$836$541$339$207$124$68
39 years$805$514$318$191$113$60
40 years$777$489$298$176$102$54
41 years$749$466$279$163$93$48
42 years$723$443$262$150$84$43
43 years$698$423$246$139$76$38
44 years$675$403$231$128$69$34
45 years$652$384$217$118$63$30
46 years$631$366$203$109$57$27
47 years$611$350$191$101$52$24
48 years$591$334$180$93$47$21
49 years$572$319$169$86$43$19
50 years$555$304$159$80$39$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $568,000, adding $2,924 every year, while hoping to spend $43,124 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: 44/32/24 Blend
53$568,000$568,000$568,000$568,000
54$628,952$598,848$590,044$652,135
55$647,222$582,308$563,927$652,318
56$665,909$563,512$535,490$648,115
57$685,012$542,305$504,609$642,702
58$704,526$518,520$471,155$635,987
59$724,444$491,983$434,995$627,877
60$744,757$462,510$395,988$618,270
61$765,454$429,906$353,985$607,058
62$786,522$393,962$308,835$594,128
63$807,942$354,462$260,376$579,358
64$829,695$311,173$208,442$562,620
65$851,757$263,853$152,857$543,777
66$874,097$212,243$93,439$522,682
67$896,684$156,072$29,998$499,182
68$919,477$95,051$0$473,111
69$942,432$28,877$0$453,950
70$965,497$0$0$440,683
71$988,614$0$0$440,537
72$1,011,714$0$0$450,515
73$1,034,722$0$0$460,410
74$1,057,551$0$0$470,178
75$1,080,103$0$0$479,771
76$1,102,267$0$0$489,134
77$1,123,921$0$0$498,205
78$1,144,923$0$0$506,916
79$1,165,118$0$0$515,189
80$1,184,331$0$0$522,937
81$1,202,364$0$0$530,065
82$1,219,000$0$0$536,464
83$1,233,994$0$0$542,014
84$1,247,073$0$0$546,581
85$1,257,933$0$0$550,017
86$1,266,236$0$0$552,155
87$1,271,606$0$0$552,811
88$1,273,624$0$0$551,781
89$1,271,826$0$0$548,837
90$1,265,695$0$0$543,728
91$1,254,660$0$0$536,173
92$1,238,085$0$0$525,862
93$1,215,266$0$0$512,452
94$1,185,423$0$0$495,562
95$1,147,691$0$0$474,771
96$1,101,113$0$0$449,612
97$1,044,629$0$0$419,569
98$977,067$0$0$384,070
99$897,129$0$0$342,485
100$803,380$0$0$294,114