Can I retire at age 54 with 577,000?

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 $577,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$47,648$47,224$46,810$46,405$46,011$45,286
2 years$23,588$23,149$22,723$22,310$21,910$21,181
3 years$15,569$15,128$14,703$14,294$13,901$13,191
4 years$11,561$11,121$10,700$10,298$9,914$9,229
5 years$9,156$8,719$8,304$7,910$7,536$6,878
6 years$7,553$7,120$6,711$6,326$5,963$5,332
7 years$6,409$5,979$5,577$5,201$4,850$4,246
8 years$5,551$5,125$4,729$4,363$4,023$3,447
9 years$4,885$4,462$4,073$3,716$3,388$2,839
10 years$4,352$3,933$3,551$3,203$2,887$2,365
11 years$3,916$3,502$3,127$2,788$2,483$1,987
12 years$3,553$3,143$2,775$2,445$2,152$1,681
13 years$3,246$2,840$2,479$2,159$1,876$1,431
14 years$2,983$2,582$2,227$1,916$1,645$1,223
15 years$2,755$2,358$2,011$1,709$1,448$1,050
16 years$2,556$2,164$1,823$1,530$1,280$904
17 years$2,381$1,993$1,659$1,375$1,135$781
18 years$2,225$1,841$1,515$1,239$1,009$676
19 years$2,086$1,707$1,387$1,120$899$586
20 years$1,961$1,586$1,272$1,014$803$509
21 years$1,848$1,477$1,170$920$719$443
22 years$1,745$1,379$1,079$837$644$386
23 years$1,652$1,290$996$762$578$337
24 years$1,566$1,208$921$695$520$294
25 years$1,488$1,134$853$635$468$257
26 years$1,415$1,066$791$580$421$225
27 years$1,348$1,003$735$531$380$197
28 years$1,286$945$683$487$343$172
29 years$1,228$892$636$446$310$151
30 years$1,175$842$592$410$280$132
31 years$1,124$796$552$376$253$116
32 years$1,077$753$515$346$229$101
33 years$1,033$713$481$318$207$89
34 years$992$676$449$293$187$78
35 years$953$641$420$269$170$68
36 years$916$609$393$248$154$60
37 years$882$578$368$229$139$53
38 years$849$549$344$211$126$46
39 years$818$522$323$194$115$41
40 years$789$497$302$179$104$36
41 years$761$473$284$165$94$31
42 years$735$451$266$153$86$28
43 years$709$429$250$141$78$24
44 years$686$409$234$130$70$21
45 years$663$390$220$120$64$19
46 years$641$372$207$111$58$16
47 years$620$355$194$102$53$14
48 years$600$339$182$95$48$13
49 years$581$324$171$88$44$11
50 years$563$309$161$81$40$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $577,000, adding $2,267 every year, while hoping to spend $32,409 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: 68/22/10 Blend
53$577,000$577,000$577,000$577,000
54$638,192$607,611$598,668$680,138
55$668,805$602,901$584,240$703,574
56$701,454$596,874$568,243$725,086
57$736,313$589,432$550,590$747,759
58$773,571$580,469$531,189$771,702
59$813,438$569,874$509,947$797,036
60$856,142$557,531$486,763$823,894
61$901,933$543,314$461,534$852,426
62$951,086$527,093$434,151$882,795
63$1,003,904$508,727$404,502$915,184
64$1,060,716$488,069$372,467$949,795
65$1,121,888$464,963$337,924$986,852
66$1,187,818$439,244$300,741$1,026,603
67$1,258,945$410,736$260,786$1,069,322
68$1,335,750$379,256$217,915$1,115,313
69$1,418,765$344,607$171,984$1,164,913
70$1,508,570$306,584$122,836$1,218,495
71$1,605,806$264,968$70,313$1,276,471
72$1,711,175$219,529$14,245$1,339,299
73$1,825,452$170,023$0$1,407,483
74$1,949,487$116,193$0$1,486,448
75$2,084,215$57,767$0$1,573,886
76$2,230,666$0$0$1,668,980
77$2,389,972$0$0$1,773,850
78$2,563,378$0$0$1,903,255
79$2,752,254$0$0$2,044,236
80$2,958,109$0$0$2,197,922
81$3,182,603$0$0$2,365,558
82$3,427,563$0$0$2,548,511
83$3,694,998$0$0$2,748,287
84$3,987,124$0$0$2,966,546
85$4,306,377$0$0$3,205,112
86$4,655,439$0$0$3,465,995
87$5,037,264$0$0$3,751,407
88$5,455,106$0$0$4,063,787
89$5,912,544$0$0$4,405,815
90$6,413,523$0$0$4,780,447
91$6,962,386$0$0$5,190,937
92$7,563,915$0$0$5,640,867
93$8,223,379$0$0$6,134,185
94$8,946,578$0$0$6,675,237
95$9,739,902$0$0$7,268,810
96$10,610,389$0$0$7,920,177
97$11,565,793$0$0$8,635,147
98$12,614,652$0$0$9,420,118
99$13,766,372$0$0$10,282,139
100$15,031,316$0$0$11,228,972