Can I retire at age 54 with 579,000?

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 $579,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$47,813$47,387$46,972$46,566$46,170$45,091
2 years$23,670$23,229$22,802$22,388$21,986$20,904
3 years$15,623$15,180$14,754$14,344$13,949$12,899
4 years$11,601$11,159$10,737$10,334$9,948$8,939
5 years$9,188$8,749$8,333$7,938$7,563$6,596
6 years$7,580$7,144$6,734$6,348$5,984$5,061
7 years$6,431$6,000$5,596$5,219$4,867$3,987
8 years$5,571$5,143$4,746$4,378$4,037$3,202
9 years$4,902$4,478$4,088$3,729$3,400$2,607
10 years$4,367$3,947$3,564$3,214$2,897$2,146
11 years$3,929$3,514$3,137$2,798$2,491$1,782
12 years$3,565$3,154$2,784$2,454$2,159$1,489
13 years$3,257$2,850$2,488$2,166$1,883$1,251
14 years$2,993$2,591$2,235$1,923$1,650$1,056
15 years$2,765$2,367$2,018$1,715$1,453$895
16 years$2,565$2,171$1,830$1,536$1,284$760
17 years$2,389$2,000$1,665$1,380$1,139$648
18 years$2,233$1,848$1,520$1,243$1,013$553
19 years$2,093$1,713$1,391$1,124$902$473
20 years$1,968$1,591$1,277$1,018$806$405
21 years$1,854$1,482$1,175$924$721$347
22 years$1,751$1,384$1,082$840$647$298
23 years$1,658$1,294$999$765$580$256
24 years$1,572$1,212$924$697$522$220
25 years$1,493$1,138$856$637$469$190
26 years$1,420$1,069$794$582$423$163
27 years$1,353$1,006$737$533$381$141
28 years$1,290$948$685$488$344$121
29 years$1,233$895$638$448$311$105
30 years$1,179$845$594$411$281$90
31 years$1,128$799$554$378$254$78
32 years$1,081$756$517$347$230$67
33 years$1,037$716$483$319$208$58
34 years$995$678$451$294$188$50
35 years$956$643$422$270$170$43
36 years$920$611$394$249$154$37
37 years$885$580$369$229$140$32
38 years$852$551$346$211$127$28
39 years$821$524$324$195$115$24
40 years$792$499$304$180$104$21
41 years$764$475$285$166$95$18
42 years$737$452$267$153$86$16
43 years$712$431$251$141$78$13
44 years$688$411$235$130$71$12
45 years$665$392$221$120$64$10
46 years$643$374$207$111$58$9
47 years$622$356$195$103$53$7
48 years$603$340$183$95$48$6
49 years$584$325$172$88$44$6
50 years$565$310$162$81$40$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $579,000, adding $3,493 every year, while hoping to spend $47,441 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: 60/25/15 Blend
53$579,000$579,000$579,000$579,000
54$641,661$610,974$602,000$677,536
55$656,634$590,435$571,690$681,595
56$671,543$567,299$538,774$680,408
57$686,334$541,390$503,116$677,994
58$700,941$512,519$464,572$674,238
59$715,293$480,489$422,991$669,019
60$729,309$445,089$378,218$662,203
61$742,898$406,098$330,087$653,647
62$755,958$363,281$278,430$643,195
63$768,375$316,390$223,066$630,680
64$780,020$265,164$163,809$615,919
65$790,751$209,326$100,466$598,716
66$800,408$148,584$32,832$578,857
67$808,814$82,629$0$556,111
68$815,770$11,135$0$536,524
69$821,056$0$0$519,546
70$824,427$0$0$517,880
71$825,610$0$0$517,804
72$824,302$0$0$516,054
73$820,167$0$0$512,407
74$812,831$0$0$506,615
75$801,880$0$0$498,404
76$786,856$0$0$487,468
77$767,250$0$0$473,471
78$742,498$0$0$456,040
79$711,977$0$0$434,760
80$674,995$0$0$409,173
81$630,789$0$0$378,775
82$578,513$0$0$343,003
83$517,231$0$0$301,239
84$445,909$0$0$252,797
85$363,404$0$0$196,920
86$268,451$0$0$132,772
87$159,655$0$0$59,427
88$35,472$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