Can I retire at age 54 with 573,000?

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 $573,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$47,318$46,896$46,485$46,084$45,692$45,347
2 years$23,425$22,988$22,566$22,156$21,758$21,410
3 years$15,461$15,023$14,601$14,195$13,804$13,464
4 years$11,480$11,044$10,626$10,227$9,845$9,516
5 years$9,093$8,658$8,246$7,855$7,484$7,166
6 years$7,501$7,070$6,664$6,282$5,922$5,616
7 years$6,365$5,938$5,538$5,165$4,816$4,522
8 years$5,513$5,090$4,697$4,333$3,995$3,714
9 years$4,851$4,431$4,045$3,690$3,365$3,095
10 years$4,321$3,906$3,527$3,181$2,867$2,609
11 years$3,888$3,477$3,105$2,769$2,466$2,220
12 years$3,528$3,121$2,755$2,428$2,137$1,902
13 years$3,223$2,821$2,462$2,144$1,863$1,640
14 years$2,962$2,564$2,212$1,903$1,633$1,421
15 years$2,736$2,342$1,997$1,697$1,438$1,236
16 years$2,539$2,149$1,811$1,520$1,271$1,079
17 years$2,364$1,979$1,648$1,365$1,127$945
18 years$2,210$1,829$1,504$1,231$1,002$830
19 years$2,072$1,695$1,377$1,112$893$730
20 years$1,947$1,575$1,264$1,007$798$644
21 years$1,835$1,467$1,162$914$714$569
22 years$1,733$1,369$1,071$831$640$503
23 years$1,640$1,281$989$757$574$446
24 years$1,555$1,200$915$690$516$395
25 years$1,477$1,126$847$630$465$351
26 years$1,405$1,058$786$576$418$312
27 years$1,339$996$730$528$377$277
28 years$1,277$939$678$483$340$246
29 years$1,220$885$631$443$307$219
30 years$1,166$836$588$407$278$195
31 years$1,117$790$548$374$251$174
32 years$1,070$748$511$343$227$155
33 years$1,026$708$478$316$206$138
34 years$985$671$446$291$186$123
35 years$946$637$417$267$169$110
36 years$910$604$390$246$153$98
37 years$876$574$365$227$138$88
38 years$843$545$342$209$126$78
39 years$813$519$320$193$114$70
40 years$783$494$300$178$103$62
41 years$756$470$282$164$94$56
42 years$730$447$264$151$85$50
43 years$705$426$248$140$77$45
44 years$681$406$233$129$70$40
45 years$658$387$219$119$64$36
46 years$637$370$205$110$58$32
47 years$616$353$193$102$52$28
48 years$596$337$181$94$48$25
49 years$577$322$170$87$43$23
50 years$559$307$160$80$39$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $573,000, adding $2,207 every year, while hoping to spend $33,706 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: 55/19/26 Blend
53$573,000$573,000$573,000$573,000
54$633,723$603,354$594,472$663,925
55$662,499$597,055$578,524$678,653
56$693,082$589,318$560,912$690,998
57$725,618$580,037$541,545$703,751
58$760,271$569,099$520,326$716,962
59$797,219$556,385$497,158$730,688
60$836,657$541,769$471,934$744,995
61$878,798$525,118$444,546$759,957
62$923,877$506,290$414,880$775,656
63$972,151$485,137$382,816$792,186
64$1,023,900$461,498$348,231$809,654
65$1,079,435$435,208$310,993$828,178
66$1,139,093$406,090$270,968$847,893
67$1,203,248$373,956$228,012$868,948
68$1,272,308$338,608$181,979$891,511
69$1,346,721$299,837$132,713$915,773
70$1,426,980$257,423$80,052$941,943
71$1,513,627$211,131$23,829$970,259
72$1,607,256$160,716$0$1,000,984
73$1,708,521$105,917$0$1,044,449
74$1,818,142$46,458$0$1,098,655
75$1,936,907$0$0$1,157,405
76$2,065,685$0$0$1,224,917
77$2,205,433$0$0$1,308,764
78$2,357,199$0$0$1,399,870
79$2,522,140$0$0$1,498,932
80$2,701,527$0$0$1,606,722
81$2,896,759$0$0$1,724,086
82$3,109,374$0$0$1,851,955
83$3,341,066$0$0$1,991,356
84$3,593,699$0$0$2,143,416
85$3,869,323$0$0$2,309,378
86$4,170,196$0$0$2,490,609
87$4,498,804$0$0$2,688,614
88$4,857,882$0$0$2,905,051
89$5,250,442$0$0$3,141,743
90$5,679,801$0$0$3,400,700
91$6,149,609$0$0$3,684,134
92$6,663,888$0$0$3,994,479
93$7,227,064$0$0$4,334,418
94$7,844,013$0$0$4,706,905
95$8,520,104$0$0$5,115,192
96$9,261,251$0$0$5,562,863
97$10,073,966$0$0$6,053,862
98$10,965,421$0$0$6,592,536
99$11,943,519$0$0$7,183,673
100$13,016,960$0$0$7,832,544