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%13.2%
1 years$47,235$46,814$46,404$46,003$45,612$45,005
2 years$23,384$22,948$22,526$22,117$21,720$21,109
3 years$15,434$14,997$14,576$14,171$13,780$13,185
4 years$11,460$11,024$10,608$10,209$9,828$9,253
5 years$9,077$8,643$8,232$7,842$7,471$6,917
6 years$7,488$7,058$6,653$6,271$5,912$5,380
7 years$6,354$5,927$5,528$5,156$4,808$4,299
8 years$5,503$5,081$4,688$4,325$3,989$3,502
9 years$4,842$4,424$4,038$3,684$3,359$2,895
10 years$4,314$3,899$3,521$3,176$2,862$2,420
11 years$3,882$3,471$3,099$2,764$2,461$2,041
12 years$3,522$3,116$2,751$2,424$2,133$1,733
13 years$3,218$2,816$2,458$2,140$1,860$1,481
14 years$2,957$2,559$2,208$1,900$1,630$1,271
15 years$2,731$2,338$1,994$1,694$1,436$1,096
16 years$2,534$2,145$1,808$1,517$1,269$947
17 years$2,360$1,976$1,645$1,363$1,125$822
18 years$2,206$1,825$1,501$1,228$1,000$714
19 years$2,068$1,692$1,375$1,110$892$622
20 years$1,944$1,572$1,261$1,005$796$543
21 years$1,832$1,464$1,160$912$713$475
22 years$1,730$1,367$1,069$830$639$416
23 years$1,638$1,278$987$755$573$364
24 years$1,553$1,198$913$689$515$319
25 years$1,475$1,124$846$629$464$280
26 years$1,403$1,056$784$575$418$246
27 years$1,336$994$728$527$377$217
28 years$1,275$937$677$483$340$190
29 years$1,218$884$630$442$307$168
30 years$1,164$835$587$406$277$148
31 years$1,115$789$547$373$251$130
32 years$1,068$747$511$343$227$115
33 years$1,024$707$477$315$205$101
34 years$983$670$445$290$186$89
35 years$945$636$416$267$168$79
36 years$908$603$390$246$152$69
37 years$874$573$365$227$138$61
38 years$842$545$341$209$125$54
39 years$811$518$320$193$114$48
40 years$782$493$300$178$103$42
41 years$754$469$281$164$93$37
42 years$728$447$264$151$85$33
43 years$703$426$247$140$77$29
44 years$680$406$232$129$70$25
45 years$657$387$218$119$63$23
46 years$635$369$205$110$58$20
47 years$615$352$192$102$52$18
48 years$595$336$181$94$48$16
49 years$576$321$170$87$43$14
50 years$558$307$160$80$39$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $572,000, adding $3,164 every year, while hoping to spend $20,824 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: 49/25/26 Blend
53$572,000$572,000$572,000$572,000
54$633,608$603,292$594,426$659,845
55$676,079$610,696$592,182$685,921
56$722,185$617,766$589,166$711,910
57$772,273$624,462$585,329$739,733
58$826,728$630,744$580,620$769,573
59$885,971$636,567$574,988$801,631
60$950,467$641,886$568,377$836,132
61$1,020,727$646,650$560,729$873,323
62$1,097,312$650,807$551,985$913,477
63$1,180,842$654,301$542,080$956,898
64$1,271,997$657,071$530,950$1,003,919
65$1,371,528$659,055$518,524$1,054,910
66$1,480,259$660,183$504,729$1,110,280
67$1,599,099$660,386$489,491$1,170,479
68$1,729,048$659,586$472,730$1,236,007
69$1,871,207$657,702$454,363$1,307,415
70$2,026,789$654,648$434,303$1,385,311
71$2,197,129$650,334$412,460$1,470,370
72$2,383,698$644,661$388,739$1,563,332
73$2,588,114$637,528$363,040$1,665,021
74$2,812,160$628,826$335,261$1,776,341
75$3,057,802$618,440$305,293$1,898,296
76$3,327,201$606,247$273,024$2,031,989
77$3,622,740$592,117$238,334$2,178,642
78$3,947,043$575,915$201,102$2,339,604
79$4,303,000$557,494$161,199$2,516,361
80$4,693,797$536,701$118,489$2,710,558
81$5,122,939$513,374$72,833$2,924,008
82$5,594,290$487,341$24,085$3,158,713
83$6,112,107$458,420$0$3,416,882
84$6,681,077$426,419$0$3,708,705
85$7,306,368$391,133$0$4,036,756
86$7,993,668$352,349$0$4,397,364
87$8,749,247$309,840$0$4,793,852
88$9,580,013$263,364$0$5,229,888
89$10,493,574$212,669$0$5,709,514
90$11,498,315$157,487$0$6,237,187
91$12,603,474$97,534$0$6,817,819
92$13,819,226$32,511$0$7,456,827
93$15,156,787$0$0$8,160,184
94$16,628,512$0$0$8,944,899
95$18,248,012$0$0$9,818,321
96$20,030,289$0$0$10,779,604
97$21,991,868$0$0$11,837,673
98$24,150,961$0$0$13,002,359
99$26,527,633$0$0$14,284,496
100$29,143,994$0$0$15,696,022