Can I retire at age 54 with 575,000?

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 $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%15.2%
1 years$47,483$47,060$46,647$46,245$45,851$44,871
2 years$23,506$23,069$22,644$22,233$21,834$20,851
3 years$15,515$15,076$14,652$14,245$13,852$12,897
4 years$11,520$11,082$10,663$10,263$9,880$8,960
5 years$9,124$8,689$8,275$7,883$7,510$6,629
6 years$7,527$7,095$6,687$6,304$5,943$5,100
7 years$6,387$5,958$5,557$5,183$4,833$4,030
8 years$5,532$5,107$4,713$4,348$4,009$3,245
9 years$4,868$4,447$4,059$3,703$3,377$2,650
10 years$4,336$3,920$3,539$3,192$2,877$2,188
11 years$3,902$3,489$3,116$2,778$2,474$1,823
12 years$3,540$3,132$2,765$2,437$2,144$1,528
13 years$3,234$2,830$2,470$2,151$1,870$1,288
14 years$2,973$2,573$2,220$1,910$1,639$1,091
15 years$2,746$2,350$2,004$1,703$1,443$928
16 years$2,547$2,156$1,817$1,525$1,275$791
17 years$2,373$1,986$1,653$1,370$1,131$676
18 years$2,218$1,835$1,509$1,235$1,006$580
19 years$2,079$1,701$1,382$1,116$896$497
20 years$1,954$1,580$1,268$1,011$801$428
21 years$1,842$1,472$1,166$917$716$368
22 years$1,739$1,374$1,075$834$642$317
23 years$1,646$1,285$993$759$576$274
24 years$1,561$1,204$918$693$518$236
25 years$1,482$1,130$850$633$466$204
26 years$1,410$1,062$789$578$420$177
27 years$1,343$999$732$529$379$153
28 years$1,282$942$681$485$342$132
29 years$1,224$888$633$445$308$115
30 years$1,170$839$590$408$279$99
31 years$1,120$793$550$375$252$86
32 years$1,074$751$513$345$228$74
33 years$1,030$711$479$317$206$65
34 years$989$674$448$292$187$56
35 years$950$639$419$268$169$49
36 years$913$606$392$247$153$42
37 years$879$576$367$228$139$37
38 years$846$547$343$210$126$32
39 years$815$521$322$194$114$27
40 years$786$495$301$179$104$24
41 years$758$471$283$165$94$21
42 years$732$449$265$152$85$18
43 years$707$428$249$140$77$16
44 years$683$408$234$130$70$14
45 years$660$389$219$120$64$12
46 years$639$371$206$111$58$10
47 years$618$354$193$102$53$9
48 years$598$338$182$94$48$8
49 years$579$323$171$87$43$7
50 years$561$308$161$81$39$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $575,000, adding $2,064 every year, while hoping to spend $37,902 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: 62/14/24 Blend
53$575,000$575,000$575,000$575,000
54$635,779$605,304$596,392$671,047
55$660,301$594,636$576,043$684,505
56$686,054$582,176$553,743$694,839
57$713,123$567,794$529,385$705,282
58$741,602$551,357$502,860$715,852
59$771,592$532,719$474,052$726,569
60$803,202$511,731$442,841$737,455
61$836,554$488,230$409,100$748,537
62$871,777$462,048$372,700$759,849
63$909,014$433,004$333,501$771,426
64$948,422$400,910$291,362$783,312
65$990,169$365,563$246,131$795,557
66$1,034,443$326,752$197,653$808,218
67$1,081,446$284,253$145,765$821,360
68$1,131,401$237,828$90,295$835,058
69$1,184,549$187,227$31,065$849,398
70$1,241,158$132,186$0$864,475
71$1,301,518$72,425$0$888,631
72$1,365,948$7,649$0$922,785
73$1,434,798$0$0$959,165
74$1,508,450$0$0$1,007,606
75$1,587,325$0$0$1,060,771
76$1,671,883$0$0$1,117,797
77$1,762,630$0$0$1,179,026
78$1,860,120$0$0$1,244,839
79$1,964,961$0$0$1,315,650
80$2,077,821$0$0$1,391,914
81$2,199,436$0$0$1,474,132
82$2,330,610$0$0$1,562,854
83$2,472,228$0$0$1,658,684
84$2,625,265$0$0$1,762,285
85$2,790,788$0$0$1,874,389
86$2,969,975$0$0$1,995,795
87$3,164,115$0$0$2,127,388
88$3,374,631$0$0$2,270,135
89$3,603,085$0$0$2,425,104
90$3,851,194$0$0$2,593,467
91$4,120,849$0$0$2,776,515
92$4,414,129$0$0$2,975,666
93$4,733,322$0$0$3,192,484
94$5,080,945$0$0$3,428,686
95$5,459,767$0$0$3,686,164
96$5,872,836$0$0$3,966,998
97$6,323,508$0$0$4,273,480
98$6,815,476$0$0$4,608,132
99$7,352,804$0$0$4,973,729
100$7,939,967$0$0$5,373,327