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%11.7%
1 years$47,566$47,142$46,728$46,325$45,931$45,603
2 years$23,547$23,109$22,684$22,272$21,872$21,542
3 years$15,542$15,102$14,678$14,270$13,876$13,554
4 years$11,541$11,101$10,682$10,280$9,897$9,584
5 years$9,140$8,704$8,289$7,896$7,523$7,221
6 years$7,540$7,107$6,699$6,315$5,953$5,662
7 years$6,398$5,969$5,567$5,192$4,841$4,562
8 years$5,542$5,116$4,721$4,355$4,016$3,748
9 years$4,876$4,455$4,066$3,710$3,382$3,126
10 years$4,344$3,926$3,545$3,198$2,882$2,637
11 years$3,909$3,496$3,121$2,783$2,479$2,244
12 years$3,546$3,137$2,770$2,441$2,148$1,924
13 years$3,240$2,835$2,475$2,155$1,873$1,660
14 years$2,978$2,577$2,224$1,913$1,642$1,439
15 years$2,750$2,354$2,008$1,706$1,446$1,253
16 years$2,552$2,160$1,820$1,528$1,278$1,095
17 years$2,377$1,989$1,656$1,373$1,133$960
18 years$2,221$1,838$1,512$1,237$1,007$843
19 years$2,083$1,704$1,384$1,118$898$743
20 years$1,958$1,583$1,270$1,012$802$655
21 years$1,845$1,475$1,168$919$718$579
22 years$1,742$1,376$1,077$835$643$513
23 years$1,649$1,287$994$761$577$454
24 years$1,564$1,206$920$694$519$403
25 years$1,485$1,132$852$634$467$358
26 years$1,413$1,064$790$579$421$318
27 years$1,346$1,001$734$530$379$283
28 years$1,284$943$682$486$342$252
29 years$1,226$890$635$446$309$225
30 years$1,172$841$591$409$279$200
31 years$1,122$795$551$376$252$179
32 years$1,075$752$514$345$228$159
33 years$1,032$712$480$317$207$142
34 years$990$675$449$292$187$127
35 years$951$640$419$269$169$113
36 years$915$608$392$248$154$101
37 years$880$577$367$228$139$90
38 years$848$548$344$210$126$81
39 years$817$521$322$194$114$72
40 years$787$496$302$179$104$65
41 years$760$472$283$165$94$58
42 years$733$450$266$152$85$52
43 years$708$429$249$141$78$46
44 years$684$408$234$130$70$41
45 years$662$390$220$120$64$37
46 years$640$372$206$111$58$33
47 years$619$355$194$102$53$30
48 years$599$339$182$95$48$26
49 years$580$323$171$87$43$24
50 years$562$309$161$81$39$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $576,000, adding $5,440 every year, while hoping to spend $58,953 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: 46/28/26 Blend
53$576,000$576,000$576,000$576,000
54$640,363$609,835$600,907$664,815
55$642,955$576,992$558,312$649,775
56$643,835$540,563$512,314$627,298
57$642,767$500,311$462,737$601,753
58$639,487$455,985$409,397$572,884
59$633,704$407,317$352,102$540,413
60$625,095$354,029$290,650$504,039
61$613,300$295,822$224,832$463,437
62$597,923$232,383$154,430$418,256
63$578,521$163,380$79,214$368,113
64$554,609$88,464$0$312,594
65$525,646$7,266$0$251,542
66$491,034$0$0$207,650
67$450,112$0$0$183,297
68$402,150$0$0$157,570
69$346,338$0$0$127,820
70$281,784$0$0$93,592
71$207,498$0$0$54,384
72$122,390$0$0$9,641
73$25,254$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0