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%14.6%
1 years$47,813$47,387$46,972$46,566$46,170$45,294
2 years$23,670$23,229$22,802$22,388$21,986$21,106
3 years$15,623$15,180$14,754$14,344$13,949$13,093
4 years$11,601$11,159$10,737$10,334$9,948$9,124
5 years$9,188$8,749$8,333$7,938$7,563$6,771
6 years$7,580$7,144$6,734$6,348$5,984$5,227
7 years$6,431$6,000$5,596$5,219$4,867$4,144
8 years$5,571$5,143$4,746$4,378$4,037$3,348
9 years$4,902$4,478$4,088$3,729$3,400$2,745
10 years$4,367$3,947$3,564$3,214$2,897$2,275
11 years$3,929$3,514$3,137$2,798$2,491$1,902
12 years$3,565$3,154$2,784$2,454$2,159$1,601
13 years$3,257$2,850$2,488$2,166$1,883$1,355
14 years$2,993$2,591$2,235$1,923$1,650$1,152
15 years$2,765$2,367$2,018$1,715$1,453$984
16 years$2,565$2,171$1,830$1,536$1,284$842
17 years$2,389$2,000$1,665$1,380$1,139$723
18 years$2,233$1,848$1,520$1,243$1,013$622
19 years$2,093$1,713$1,391$1,124$902$537
20 years$1,968$1,591$1,277$1,018$806$464
21 years$1,854$1,482$1,175$924$721$401
22 years$1,751$1,384$1,082$840$647$347
23 years$1,658$1,294$999$765$580$301
24 years$1,572$1,212$924$697$522$261
25 years$1,493$1,138$856$637$469$227
26 years$1,420$1,069$794$582$423$197
27 years$1,353$1,006$737$533$381$171
28 years$1,290$948$685$488$344$149
29 years$1,233$895$638$448$311$130
30 years$1,179$845$594$411$281$113
31 years$1,128$799$554$378$254$98
32 years$1,081$756$517$347$230$86
33 years$1,037$716$483$319$208$75
34 years$995$678$451$294$188$65
35 years$956$643$422$270$170$57
36 years$920$611$394$249$154$49
37 years$885$580$369$229$140$43
38 years$852$551$346$211$127$37
39 years$821$524$324$195$115$33
40 years$792$499$304$180$104$29
41 years$764$475$285$166$95$25
42 years$737$452$267$153$86$22
43 years$712$431$251$141$78$19
44 years$688$411$235$130$71$16
45 years$665$392$221$120$64$14
46 years$643$374$207$111$58$13
47 years$622$356$195$103$53$11
48 years$603$340$183$95$48$10
49 years$584$325$172$88$44$8
50 years$565$310$162$81$40$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $579,000, adding $3,729 every year, while hoping to spend $24,474 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: 65/16/19 Blend
53$579,000$579,000$579,000$579,000
54$641,904$611,217$602,243$680,333
55$681,339$615,127$596,378$710,490
56$723,975$618,408$589,496$740,295
57$770,114$621,003$581,538$772,286
58$820,086$622,853$572,440$806,675
59$874,255$623,893$562,137$843,701
60$933,021$624,056$550,561$883,623
61$996,823$623,269$537,639$926,732
62$1,066,145$621,455$523,295$973,346
63$1,141,519$618,533$507,453$1,023,817
64$1,223,529$614,417$490,028$1,078,534
65$1,312,821$609,015$470,935$1,137,924
66$1,410,101$602,229$450,084$1,202,463
67$1,516,150$593,957$427,381$1,272,672
68$1,631,826$584,090$402,727$1,349,130
69$1,758,074$572,511$376,020$1,432,472
70$1,895,932$559,099$347,151$1,523,402
71$2,046,546$543,724$316,010$1,622,696
72$2,211,176$526,248$282,477$1,731,211
73$2,391,207$506,526$246,432$1,849,891
74$2,588,169$484,404$207,746$1,979,781
75$2,803,742$459,720$166,285$2,122,030
76$3,039,778$432,300$121,910$2,277,910
77$3,298,316$401,964$74,475$2,448,821
78$3,581,603$368,519$23,828$2,636,311
79$3,892,110$331,760$0$2,842,086
80$4,232,563$291,474$0$3,074,155
81$4,605,961$247,433$0$3,334,022
82$5,015,609$199,397$0$3,619,177
83$5,465,145$147,111$0$3,932,185
84$5,958,579$90,309$0$4,275,872
85$6,500,327$28,708$0$4,653,353
86$7,095,254$0$0$5,068,063
87$7,748,718$0$0$5,530,476
88$8,466,622$0$0$6,044,083
89$9,255,470$0$0$6,608,487
90$10,122,426$0$0$7,228,820
91$11,075,383$0$0$7,910,734
92$12,123,036$0$0$8,660,457
93$13,274,965$0$0$9,484,851
94$14,541,726$0$0$10,391,475
95$15,934,946$0$0$11,388,659
96$17,467,440$0$0$12,485,579
97$19,153,322$0$0$13,692,347
98$21,008,146$0$0$15,020,101
99$23,049,050$0$0$16,481,118
100$25,294,915$0$0$18,088,920