Can I retire at age 54 with 575,000?

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 $575,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$47,483$47,060$46,647$46,245$45,851$44,154
2 years$23,506$23,069$22,644$22,233$21,834$20,143
3 years$15,515$15,076$14,652$14,245$13,852$12,221
4 years$11,520$11,082$10,663$10,263$9,880$8,321
5 years$9,124$8,689$8,275$7,883$7,510$6,028
6 years$7,527$7,095$6,687$6,304$5,943$4,537
7 years$6,387$5,958$5,557$5,183$4,833$3,504
8 years$5,532$5,107$4,713$4,348$4,009$2,756
9 years$4,868$4,447$4,059$3,703$3,377$2,197
10 years$4,336$3,920$3,539$3,192$2,877$1,769
11 years$3,902$3,489$3,116$2,778$2,474$1,436
12 years$3,540$3,132$2,765$2,437$2,144$1,173
13 years$3,234$2,830$2,470$2,151$1,870$962
14 years$2,973$2,573$2,220$1,910$1,639$793
15 years$2,746$2,350$2,004$1,703$1,443$655
16 years$2,547$2,156$1,817$1,525$1,275$543
17 years$2,373$1,986$1,653$1,370$1,131$451
18 years$2,218$1,835$1,509$1,235$1,006$375
19 years$2,079$1,701$1,382$1,116$896$312
20 years$1,954$1,580$1,268$1,011$801$261
21 years$1,842$1,472$1,166$917$716$218
22 years$1,739$1,374$1,075$834$642$182
23 years$1,646$1,285$993$759$576$152
24 years$1,561$1,204$918$693$518$127
25 years$1,482$1,130$850$633$466$106
26 years$1,410$1,062$789$578$420$89
27 years$1,343$999$732$529$379$75
28 years$1,282$942$681$485$342$62
29 years$1,224$888$633$445$308$52
30 years$1,170$839$590$408$279$44
31 years$1,120$793$550$375$252$37
32 years$1,074$751$513$345$228$31
33 years$1,030$711$479$317$206$26
34 years$989$674$448$292$187$22
35 years$950$639$419$268$169$18
36 years$913$606$392$247$153$15
37 years$879$576$367$228$139$13
38 years$846$547$343$210$126$11
39 years$815$521$322$194$114$9
40 years$786$495$301$179$104$8
41 years$758$471$283$165$94$6
42 years$732$449$265$152$85$5
43 years$707$428$249$140$77$4
44 years$683$408$234$130$70$4
45 years$660$389$219$120$64$3
46 years$639$371$206$111$58$3
47 years$618$354$193$102$53$2
48 years$598$338$182$94$48$2
49 years$579$323$171$87$43$2
50 years$561$308$161$81$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $575,000, adding $5,051 every year, while hoping to spend $37,315 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: 34/45/21 Blend
53$575,000$575,000$575,000$575,000
54$638,860$608,385$599,473$656,331
55$664,321$598,493$579,852$659,806
56$691,128$586,866$558,324$659,769
57$719,380$573,379$534,784$658,961
58$749,182$557,900$509,125$657,337
59$780,652$540,290$481,234$654,849
60$813,916$520,402$450,993$651,451
61$849,112$498,078$418,278$647,094
62$886,392$473,155$382,961$641,728
63$925,921$445,456$344,906$635,303
64$967,879$414,797$303,975$627,770
65$1,012,463$380,983$260,018$619,078
66$1,059,889$343,806$212,884$609,177
67$1,110,394$303,049$162,412$598,018
68$1,164,235$258,479$108,434$585,554
69$1,221,697$209,855$50,776$571,736
70$1,283,089$156,917$0$556,520
71$1,348,752$99,393$0$542,274
72$1,419,058$36,997$0$538,847
73$1,494,417$0$0$534,860
74$1,575,276$0$0$545,470
75$1,662,129$0$0$576,602
76$1,755,515$0$0$610,138
77$1,856,028$0$0$646,298
78$1,964,319$0$0$685,325
79$2,081,103$0$0$727,486
80$2,207,166$0$0$773,073
81$2,343,373$0$0$822,409
82$2,490,671$0$0$875,847
83$2,650,104$0$0$933,776
84$2,822,820$0$0$996,626
85$3,010,078$0$0$1,064,865
86$3,213,265$0$0$1,139,012
87$3,433,906$0$0$1,219,637
88$3,673,678$0$0$1,307,365
89$3,934,427$0$0$1,402,886
90$4,218,183$0$0$1,506,959
91$4,527,179$0$0$1,620,418
92$4,863,872$0$0$1,744,181
93$5,230,968$0$0$1,879,261
94$5,631,444$0$0$2,026,770
95$6,068,577$0$0$2,187,934
96$6,545,972$0$0$2,364,100
97$7,067,602$0$0$2,556,755
98$7,637,837$0$0$2,767,534
99$8,261,490$0$0$2,998,237
100$8,943,861$0$0$3,250,846