Can I retire at age 54 with 576,000?

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 $576,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$47,566$47,142$46,728$46,325$45,931$45,642
2 years$23,547$23,109$22,684$22,272$21,872$21,580
3 years$15,542$15,102$14,678$14,270$13,876$13,591
4 years$11,541$11,101$10,682$10,280$9,897$9,620
5 years$9,140$8,704$8,289$7,896$7,523$7,256
6 years$7,540$7,107$6,699$6,315$5,953$5,696
7 years$6,398$5,969$5,567$5,192$4,841$4,594
8 years$5,542$5,116$4,721$4,355$4,016$3,779
9 years$4,876$4,455$4,066$3,710$3,382$3,155
10 years$4,344$3,926$3,545$3,198$2,882$2,664
11 years$3,909$3,496$3,121$2,783$2,479$2,271
12 years$3,546$3,137$2,770$2,441$2,148$1,950
13 years$3,240$2,835$2,475$2,155$1,873$1,684
14 years$2,978$2,577$2,224$1,913$1,642$1,462
15 years$2,750$2,354$2,008$1,706$1,446$1,275
16 years$2,552$2,160$1,820$1,528$1,278$1,115
17 years$2,377$1,989$1,656$1,373$1,133$979
18 years$2,221$1,838$1,512$1,237$1,007$861
19 years$2,083$1,704$1,384$1,118$898$760
20 years$1,958$1,583$1,270$1,012$802$671
21 years$1,845$1,475$1,168$919$718$594
22 years$1,742$1,376$1,077$835$643$527
23 years$1,649$1,287$994$761$577$468
24 years$1,564$1,206$920$694$519$415
25 years$1,485$1,132$852$634$467$370
26 years$1,413$1,064$790$579$421$329
27 years$1,346$1,001$734$530$379$293
28 years$1,284$943$682$486$342$262
29 years$1,226$890$635$446$309$233
30 years$1,172$841$591$409$279$208
31 years$1,122$795$551$376$252$186
32 years$1,075$752$514$345$228$166
33 years$1,032$712$480$317$207$149
34 years$990$675$449$292$187$133
35 years$951$640$419$269$169$119
36 years$915$608$392$248$154$106
37 years$880$577$367$228$139$95
38 years$848$548$344$210$126$85
39 years$817$521$322$194$114$76
40 years$787$496$302$179$104$68
41 years$760$472$283$165$94$61
42 years$733$450$266$152$85$55
43 years$708$429$249$141$78$49
44 years$684$408$234$130$70$44
45 years$662$390$220$120$64$39
46 years$640$372$206$111$58$35
47 years$619$355$194$102$53$32
48 years$599$339$182$95$48$28
49 years$580$323$171$87$43$25
50 years$562$309$161$81$39$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $576,000, adding $4,333 every year, while hoping to spend $23,284 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: 72/14/14 Blend
53$576,000$576,000$576,000$576,000
54$639,221$608,693$599,765$682,977
55$679,648$613,745$595,084$717,603
56$723,418$618,265$589,465$752,248
57$770,847$622,200$582,852$789,570
58$822,284$625,498$575,188$829,828
59$878,111$628,102$566,411$873,309
60$938,748$629,949$556,456$920,327
61$1,004,660$630,976$545,256$971,232
62$1,076,354$631,113$532,742$1,026,406
63$1,154,392$630,287$518,838$1,086,274
64$1,239,389$628,420$503,469$1,151,301
65$1,332,025$625,431$486,553$1,222,003
66$1,433,045$621,230$468,006$1,298,946
67$1,543,272$615,727$447,740$1,382,757
68$1,663,609$608,821$425,663$1,474,126
69$1,795,053$600,409$401,678$1,573,812
70$1,938,699$590,380$375,686$1,682,656
71$2,095,755$578,617$347,580$1,801,581
72$2,267,549$564,996$317,250$1,931,610
73$2,455,544$549,386$284,583$2,073,865
74$2,661,350$531,646$249,457$2,229,588
75$2,886,741$511,631$211,748$2,400,147
76$3,133,672$489,184$171,324$2,587,050
77$3,404,293$464,140$128,050$2,791,959
78$3,700,973$436,325$81,782$3,016,708
79$4,026,321$405,554$32,371$3,263,320
80$4,383,213$371,633$0$3,534,024
81$4,774,813$334,356$0$3,834,319
82$5,204,609$293,504$0$4,169,232
83$5,676,440$248,847$0$4,536,936
84$6,194,539$200,142$0$4,940,752
85$6,763,566$147,133$0$5,384,341
86$7,388,654$89,547$0$5,871,736
87$8,075,461$27,099$0$6,407,383
88$8,830,216$0$0$6,996,181
89$9,659,785$0$0$7,649,771
90$10,571,730$0$0$8,372,882
91$11,574,383$0$0$9,167,949
92$12,676,922$0$0$10,042,256
93$13,889,463$0$0$11,003,826
94$15,223,146$0$0$12,061,500
95$16,690,250$0$0$13,225,018
96$18,304,299$0$0$14,505,113
97$20,080,199$0$0$15,913,608
98$22,034,370$0$0$17,463,532
99$24,184,904$0$0$19,169,240
100$26,551,739$0$0$21,046,550