Can I retire at age 54 with 569,000?

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 $569,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$46,987$46,569$46,161$45,762$45,373$45,163
2 years$23,261$22,828$22,408$22,001$21,606$21,394
3 years$15,353$14,918$14,499$14,096$13,708$13,500
4 years$11,400$10,967$10,552$10,156$9,777$9,575
5 years$9,029$8,598$8,189$7,800$7,432$7,237
6 years$7,449$7,021$6,618$6,238$5,881$5,693
7 years$6,320$5,896$5,499$5,129$4,783$4,602
8 years$5,475$5,054$4,664$4,302$3,968$3,794
9 years$4,817$4,400$4,017$3,665$3,341$3,175
10 years$4,291$3,879$3,502$3,159$2,847$2,688
11 years$3,861$3,453$3,083$2,749$2,448$2,296
12 years$3,503$3,099$2,736$2,411$2,122$1,976
13 years$3,201$2,801$2,445$2,129$1,850$1,712
14 years$2,942$2,546$2,197$1,890$1,622$1,490
15 years$2,717$2,326$1,983$1,685$1,428$1,302
16 years$2,521$2,134$1,798$1,509$1,262$1,142
17 years$2,348$1,965$1,636$1,356$1,119$1,005
18 years$2,194$1,816$1,494$1,222$995$887
19 years$2,057$1,683$1,367$1,104$887$785
20 years$1,934$1,564$1,255$1,000$792$695
21 years$1,822$1,457$1,154$908$709$617
22 years$1,721$1,360$1,064$825$635$549
23 years$1,629$1,272$982$752$570$489
24 years$1,545$1,192$908$685$513$436
25 years$1,467$1,118$841$626$461$389
26 years$1,395$1,051$780$572$416$347
27 years$1,329$989$725$524$375$310
28 years$1,268$932$674$480$338$278
29 years$1,211$879$627$440$305$249
30 years$1,158$830$584$404$276$223
31 years$1,109$785$544$371$249$199
32 years$1,062$743$508$341$226$179
33 years$1,019$703$474$314$204$160
34 years$978$667$443$288$185$144
35 years$940$632$414$266$167$129
36 years$904$600$388$245$152$116
37 years$870$570$363$225$137$104
38 years$837$542$340$208$125$94
39 years$807$515$318$192$113$84
40 years$778$490$298$177$103$76
41 years$750$466$280$163$93$68
42 years$724$444$262$150$84$61
43 years$700$423$246$139$77$55
44 years$676$403$231$128$70$49
45 years$654$385$217$118$63$44
46 years$632$367$204$109$57$40
47 years$612$350$191$101$52$36
48 years$592$334$180$93$47$32
49 years$573$319$169$86$43$29
50 years$556$305$159$80$39$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $569,000, adding $4,483 every year, while hoping to spend $31,218 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: 23/50/27 Blend
53$569,000$569,000$569,000$569,000
54$631,662$601,505$592,686$640,713
55$662,876$597,763$579,325$645,091
56$696,227$592,792$564,470$646,851
57$731,901$586,497$548,039$648,068
58$770,101$578,781$529,944$648,717
59$811,048$569,538$510,094$648,774
60$854,988$558,659$488,395$648,217
61$902,187$546,024$464,747$647,024
62$952,941$531,509$439,047$645,175
63$1,007,572$514,984$411,185$642,654
64$1,066,434$496,308$381,050$639,445
65$1,129,917$475,334$348,521$635,536
66$1,198,448$451,905$313,476$630,920
67$1,272,498$425,856$275,786$625,593
68$1,352,582$397,013$235,315$619,556
69$1,439,270$365,191$191,922$612,818
70$1,533,184$330,194$145,460$605,393
71$1,635,012$291,817$95,776$597,304
72$1,745,508$249,840$42,709$588,583
73$1,865,501$204,034$0$579,274
74$1,995,905$154,155$0$573,441
75$2,137,725$99,945$0$580,535
76$2,292,064$41,134$0$588,375
77$2,460,139$0$0$597,120
78$2,643,288$0$0$619,363
79$2,842,983$0$0$668,384
80$3,060,844$0$0$721,959
81$3,298,655$0$0$780,538
82$3,558,380$0$0$844,619
83$3,842,179$0$0$914,746
84$4,152,432$0$0$991,521
85$4,491,759$0$0$1,075,607
86$4,863,045$0$0$1,167,732
87$5,269,465$0$0$1,268,701
88$5,714,517$0$0$1,379,396
89$6,202,053$0$0$1,500,793
90$6,736,314$0$0$1,633,965
91$7,321,971$0$0$1,780,093
92$7,964,171$0$0$1,940,479
93$8,668,578$0$0$2,116,558
94$9,441,435$0$0$2,309,908
95$10,289,616$0$0$2,522,270
96$11,220,694$0$0$2,755,560
97$12,243,011$0$0$3,011,890
98$13,365,754$0$0$3,293,588
99$14,599,047$0$0$3,603,214
100$15,954,041$0$0$3,943,593