Can I retire at age 54 with 572,000?

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 $572,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$47,235$46,814$46,404$46,003$45,612$43,837
2 years$23,384$22,948$22,526$22,117$21,720$19,953
3 years$15,434$14,997$14,576$14,171$13,780$12,077
4 years$11,460$11,024$10,608$10,209$9,828$8,202
5 years$9,077$8,643$8,232$7,842$7,471$5,926
6 years$7,488$7,058$6,653$6,271$5,912$4,448
7 years$6,354$5,927$5,528$5,156$4,808$3,426
8 years$5,503$5,081$4,688$4,325$3,989$2,686
9 years$4,842$4,424$4,038$3,684$3,359$2,135
10 years$4,314$3,899$3,521$3,176$2,862$1,714
11 years$3,882$3,471$3,099$2,764$2,461$1,387
12 years$3,522$3,116$2,751$2,424$2,133$1,129
13 years$3,218$2,816$2,458$2,140$1,860$923
14 years$2,957$2,559$2,208$1,900$1,630$758
15 years$2,731$2,338$1,994$1,694$1,436$624
16 years$2,534$2,145$1,808$1,517$1,269$515
17 years$2,360$1,976$1,645$1,363$1,125$426
18 years$2,206$1,825$1,501$1,228$1,000$353
19 years$2,068$1,692$1,375$1,110$892$293
20 years$1,944$1,572$1,261$1,005$796$244
21 years$1,832$1,464$1,160$912$713$202
22 years$1,730$1,367$1,069$830$639$169
23 years$1,638$1,278$987$755$573$140
24 years$1,553$1,198$913$689$515$117
25 years$1,475$1,124$846$629$464$97
26 years$1,403$1,056$784$575$418$81
27 years$1,336$994$728$527$377$68
28 years$1,275$937$677$483$340$57
29 years$1,218$884$630$442$307$47
30 years$1,164$835$587$406$277$39
31 years$1,115$789$547$373$251$33
32 years$1,068$747$511$343$227$27
33 years$1,024$707$477$315$205$23
34 years$983$670$445$290$186$19
35 years$945$636$416$267$168$16
36 years$908$603$390$246$152$13
37 years$874$573$365$227$138$11
38 years$842$545$341$209$125$9
39 years$811$518$320$193$114$8
40 years$782$493$300$178$103$6
41 years$754$469$281$164$93$5
42 years$728$447$264$151$85$5
43 years$703$426$247$140$77$4
44 years$680$406$232$129$70$3
45 years$657$387$218$119$63$3
46 years$635$369$205$110$58$2
47 years$615$352$192$102$52$2
48 years$595$336$181$94$48$2
49 years$576$321$170$87$43$1
50 years$558$307$160$80$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $572,000, adding $3,060 every year, while hoping to spend $21,879 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: 46/37/17 Blend
53$572,000$572,000$572,000$572,000
54$633,500$603,184$594,318$659,443
55$674,838$609,461$590,949$684,113
56$719,659$615,313$586,733$708,416
57$768,296$620,694$581,620$734,315
58$821,113$625,559$575,555$761,967
59$878,513$629,858$568,483$791,546
60$940,937$633,537$560,343$823,247
61$1,008,873$636,540$551,074$857,283
62$1,082,854$638,807$540,612$893,890
63$1,163,471$640,274$528,888$933,330
64$1,251,371$640,873$515,831$975,893
65$1,347,267$640,532$501,368$1,021,900
66$1,451,944$639,174$485,420$1,071,705
67$1,566,267$636,719$467,906$1,125,700
68$1,691,187$633,079$448,742$1,184,320
69$1,827,752$628,163$427,839$1,248,045
70$1,977,114$621,875$405,103$1,317,404
71$2,140,544$614,111$380,438$1,392,985
72$2,319,439$604,762$353,742$1,475,437
73$2,515,339$593,712$324,909$1,565,476
74$2,729,939$580,840$293,829$1,663,895
75$2,965,106$566,014$260,386$1,771,570
76$3,222,897$549,099$224,459$1,889,468
77$3,505,577$529,949$185,922$2,018,660
78$3,815,638$508,409$144,644$2,160,326
79$4,155,830$484,318$100,486$2,315,773
80$4,529,177$457,502$53,305$2,486,442
81$4,939,014$427,780$2,951$2,673,927
82$5,389,012$394,960$0$2,879,985
83$5,883,215$358,837$0$3,115,773
84$6,426,080$319,197$0$3,375,392
85$7,022,514$275,811$0$3,660,709
86$7,677,925$228,441$0$3,974,369
87$8,398,270$176,831$0$4,319,293
88$9,190,112$120,714$0$4,698,706
89$10,060,682$59,807$0$5,116,161
90$11,017,944$0$0$5,575,580
91$12,070,677$0$0$6,083,810
92$13,228,548$0$0$6,669,654
93$14,502,212$0$0$7,314,161
94$15,903,407$0$0$8,023,279
95$17,445,065$0$0$8,803,565
96$19,141,438$0$0$9,662,240
97$21,008,225$0$0$10,607,262
98$23,062,727$0$0$11,647,400
99$25,324,005$0$0$12,792,316
100$27,813,064$0$0$14,052,654