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%15.4%
1 years$47,235$46,814$46,404$46,003$45,612$44,600
2 years$23,384$22,948$22,526$22,117$21,720$20,706
3 years$15,434$14,997$14,576$14,171$13,780$12,795
4 years$11,460$11,024$10,608$10,209$9,828$8,880
5 years$9,077$8,643$8,232$7,842$7,471$6,563
6 years$7,488$7,058$6,653$6,271$5,912$5,044
7 years$6,354$5,927$5,528$5,156$4,808$3,981
8 years$5,503$5,081$4,688$4,325$3,989$3,202
9 years$4,842$4,424$4,038$3,684$3,359$2,612
10 years$4,314$3,899$3,521$3,176$2,862$2,154
11 years$3,882$3,471$3,099$2,764$2,461$1,792
12 years$3,522$3,116$2,751$2,424$2,133$1,500
13 years$3,218$2,816$2,458$2,140$1,860$1,263
14 years$2,957$2,559$2,208$1,900$1,630$1,068
15 years$2,731$2,338$1,994$1,694$1,436$907
16 years$2,534$2,145$1,808$1,517$1,269$772
17 years$2,360$1,976$1,645$1,363$1,125$659
18 years$2,206$1,825$1,501$1,228$1,000$564
19 years$2,068$1,692$1,375$1,110$892$484
20 years$1,944$1,572$1,261$1,005$796$415
21 years$1,832$1,464$1,160$912$713$357
22 years$1,730$1,367$1,069$830$639$307
23 years$1,638$1,278$987$755$573$265
24 years$1,553$1,198$913$689$515$228
25 years$1,475$1,124$846$629$464$197
26 years$1,403$1,056$784$575$418$170
27 years$1,336$994$728$527$377$147
28 years$1,275$937$677$483$340$127
29 years$1,218$884$630$442$307$110
30 years$1,164$835$587$406$277$95
31 years$1,115$789$547$373$251$82
32 years$1,068$747$511$343$227$71
33 years$1,024$707$477$315$205$61
34 years$983$670$445$290$186$53
35 years$945$636$416$267$168$46
36 years$908$603$390$246$152$40
37 years$874$573$365$227$138$34
38 years$842$545$341$209$125$30
39 years$811$518$320$193$114$26
40 years$782$493$300$178$103$22
41 years$754$469$281$164$93$19
42 years$728$447$264$151$85$17
43 years$703$426$247$140$77$15
44 years$680$406$232$129$70$13
45 years$657$387$218$119$63$11
46 years$635$369$205$110$58$9
47 years$615$352$192$102$52$8
48 years$595$336$181$94$48$7
49 years$576$321$170$87$43$6
50 years$558$307$160$80$39$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $572,000, adding $5,232 every year, while hoping to spend $39,341 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: 32/46/22 Blend
53$572,000$572,000$572,000$572,000
54$635,741$605,425$596,559$651,631
55$658,728$593,232$574,685$651,836
56$682,741$579,123$550,760$648,139
57$707,843$562,963$524,673$643,347
58$734,103$544,608$496,310$637,389
59$761,595$523,907$465,549$630,191
60$790,398$500,699$432,265$621,674
61$820,599$474,813$396,326$611,759
62$852,292$446,071$357,595$600,359
63$885,580$414,283$315,929$587,387
64$920,573$379,247$271,176$572,751
65$957,392$340,751$223,182$556,356
66$996,169$298,571$171,782$538,102
67$1,037,047$252,469$116,805$517,887
68$1,080,181$202,195$58,073$495,605
69$1,125,742$147,485$0$471,145
70$1,173,914$88,058$0$445,475
71$1,224,900$23,620$0$432,015
72$1,278,921$0$0$417,045
73$1,336,219$0$0$423,848
74$1,397,056$0$0$443,810
75$1,461,722$0$0$465,075
76$1,530,532$0$0$487,753
77$1,603,831$0$0$511,964
78$1,681,999$0$0$537,841
79$1,765,449$0$0$565,526
80$1,854,635$0$0$595,180
81$1,950,055$0$0$626,976
82$2,052,255$0$0$661,103
83$2,161,832$0$0$697,773
84$2,279,445$0$0$737,214
85$2,405,813$0$0$779,678
86$2,541,727$0$0$825,442
87$2,688,056$0$0$874,811
88$2,845,753$0$0$928,119
89$3,015,865$0$0$985,732
90$3,199,545$0$0$1,048,055
91$3,398,056$0$0$1,115,530
92$3,612,788$0$0$1,188,646
93$3,845,268$0$0$1,267,939
94$4,097,177$0$0$1,353,998
95$4,370,361$0$0$1,447,473
96$4,666,851$0$0$1,549,076
97$4,988,880$0$0$1,659,592
98$5,338,905$0$0$1,779,885
99$5,719,630$0$0$1,910,904
100$6,134,027$0$0$2,053,696