Can I retire at age 54 with 568,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.3%
1 years$46,905$46,487$46,079$45,682$45,293$45,045
2 years$23,220$22,788$22,369$21,962$21,568$21,318
3 years$15,326$14,892$14,474$14,071$13,684$13,439
4 years$11,380$10,947$10,533$10,138$9,759$9,522
5 years$9,013$8,583$8,174$7,787$7,419$7,190
6 years$7,436$7,008$6,606$6,227$5,870$5,650
7 years$6,309$5,886$5,490$5,120$4,774$4,562
8 years$5,465$5,045$4,656$4,295$3,961$3,757
9 years$4,808$4,393$4,010$3,658$3,335$3,140
10 years$4,284$3,872$3,496$3,153$2,842$2,655
11 years$3,855$3,447$3,078$2,744$2,444$2,266
12 years$3,497$3,094$2,731$2,407$2,118$1,948
13 years$3,195$2,796$2,440$2,125$1,847$1,684
14 years$2,936$2,541$2,193$1,887$1,619$1,464
15 years$2,712$2,322$1,980$1,682$1,426$1,278
16 years$2,516$2,130$1,795$1,506$1,260$1,120
17 years$2,344$1,962$1,633$1,354$1,117$984
18 years$2,191$1,813$1,491$1,220$993$867
19 years$2,054$1,680$1,365$1,102$885$766
20 years$1,930$1,561$1,253$998$791$678
21 years$1,819$1,454$1,152$906$708$601
22 years$1,718$1,357$1,062$824$634$533
23 years$1,626$1,270$981$750$569$474
24 years$1,542$1,189$907$684$512$422
25 years$1,464$1,116$840$625$461$376
26 years$1,393$1,049$779$571$415$335
27 years$1,327$987$723$523$374$299
28 years$1,266$930$672$479$337$267
29 years$1,209$878$626$439$305$239
30 years$1,156$829$583$403$275$214
31 years$1,107$784$543$370$249$191
32 years$1,061$741$507$340$225$171
33 years$1,017$702$473$313$204$153
34 years$976$665$442$288$185$137
35 years$938$631$414$265$167$123
36 years$902$599$387$244$151$110
37 years$868$569$362$225$137$99
38 years$836$541$339$207$124$89
39 years$805$514$318$191$113$79
40 years$777$489$298$176$102$71
41 years$749$466$279$163$93$64
42 years$723$443$262$150$84$57
43 years$698$423$246$139$76$52
44 years$675$403$231$128$69$46
45 years$652$384$217$118$63$41
46 years$631$366$203$109$57$37
47 years$611$350$191$101$52$33
48 years$591$334$180$93$47$30
49 years$572$319$169$86$43$27
50 years$555$304$159$80$39$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $568,000, adding $6,462 every year, while hoping to spend $27,419 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: 48/47/5 Blend
53$568,000$568,000$568,000$568,000
54$632,602$602,498$593,694$661,858
55$667,953$602,846$584,409$682,890
56$705,992$602,293$573,894$702,263
57$746,963$600,765$562,079$722,641
58$791,135$598,184$548,890$744,124
59$838,803$594,469$534,251$766,825
60$890,294$589,530$518,081$790,868
61$945,964$583,277$500,297$816,392
62$1,006,205$575,610$480,809$843,551
63$1,071,449$566,426$459,528$872,519
64$1,142,170$555,614$436,355$903,486
65$1,218,890$543,058$411,191$936,667
66$1,302,182$528,633$383,931$972,296
67$1,392,677$512,209$354,466$1,010,640
68$1,491,069$493,646$322,680$1,051,989
69$1,598,123$472,799$288,454$1,096,670
70$1,714,676$449,512$251,662$1,145,045
71$1,841,656$423,620$212,175$1,197,513
72$1,980,077$394,950$169,856$1,254,522
73$2,131,061$363,318$124,561$1,316,565
74$2,295,839$328,530$76,144$1,384,191
75$2,475,767$290,381$24,448$1,458,008
76$2,672,340$248,654$0$1,538,691
77$2,887,200$203,120$0$1,628,627
78$3,122,158$153,537$0$1,728,504
79$3,379,207$99,648$0$1,837,945
80$3,660,539$41,185$0$1,957,977
81$3,968,573$0$0$2,089,738
82$4,305,967$0$0$2,245,936
83$4,675,653$0$0$2,440,485
84$5,080,857$0$0$2,653,790
85$5,525,132$0$0$2,887,730
86$6,012,394$0$0$3,144,374
87$6,546,952$0$0$3,426,002
88$7,133,556$0$0$3,735,125
89$7,777,437$0$0$4,074,507
90$8,484,356$0$0$4,447,196
91$9,260,659$0$0$4,856,548
92$10,113,338$0$0$5,306,259
93$11,050,096$0$0$5,800,403
94$12,079,417$0$0$6,343,466
95$13,210,648$0$0$6,940,391
96$14,454,088$0$0$7,596,624
97$15,821,080$0$0$8,318,165
98$17,324,125$0$0$9,111,623
99$18,976,994$0$0$9,984,282
100$20,794,858$0$0$10,944,165