Can I retire at age 54 with 580,000?

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 $580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$47,896$47,469$47,053$46,647$46,250$45,691
2 years$23,711$23,269$22,841$22,426$22,024$21,461
3 years$15,650$15,207$14,780$14,369$13,973$13,424
4 years$11,621$11,179$10,756$10,352$9,966$9,435
5 years$9,204$8,764$8,347$7,951$7,576$7,065
6 years$7,593$7,157$6,746$6,359$5,994$5,504
7 years$6,443$6,010$5,606$5,228$4,875$4,405
8 years$5,580$5,152$4,754$4,385$4,044$3,595
9 years$4,910$4,486$4,095$3,735$3,406$2,977
10 years$4,374$3,954$3,570$3,220$2,902$2,493
11 years$3,936$3,520$3,143$2,802$2,496$2,106
12 years$3,571$3,159$2,789$2,458$2,163$1,792
13 years$3,263$2,855$2,492$2,170$1,886$1,534
14 years$2,998$2,595$2,239$1,926$1,653$1,320
15 years$2,770$2,371$2,022$1,718$1,456$1,140
16 years$2,570$2,175$1,833$1,538$1,287$988
17 years$2,393$2,003$1,668$1,382$1,141$858
18 years$2,237$1,851$1,522$1,246$1,014$748
19 years$2,097$1,715$1,394$1,125$904$653
20 years$1,971$1,594$1,279$1,019$808$571
21 years$1,858$1,485$1,177$925$723$500
22 years$1,754$1,386$1,084$841$648$439
23 years$1,660$1,296$1,001$766$581$385
24 years$1,574$1,215$926$699$523$339
25 years$1,495$1,140$858$638$470$298
26 years$1,422$1,071$795$583$424$263
27 years$1,355$1,008$739$534$382$231
28 years$1,293$950$687$489$345$204
29 years$1,235$896$639$449$311$180
30 years$1,181$846$595$412$281$159
31 years$1,130$800$555$378$254$140
32 years$1,083$757$518$348$230$124
33 years$1,039$717$483$320$208$110
34 years$997$680$452$294$188$97
35 years$958$645$422$271$171$86
36 years$921$612$395$249$155$76
37 years$886$581$370$230$140$67
38 years$854$552$346$212$127$59
39 years$822$525$324$195$115$52
40 years$793$500$304$180$104$46
41 years$765$476$285$166$95$41
42 years$738$453$267$153$86$36
43 years$713$431$251$142$78$32
44 years$689$411$236$131$71$28
45 years$666$392$221$121$64$25
46 years$644$374$208$111$58$22
47 years$624$357$195$103$53$20
48 years$604$341$183$95$48$17
49 years$585$326$172$88$44$15
50 years$566$311$162$81$40$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $580,000, adding $6,559 every year, while hoping to spend $25,493 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: 77/13/10 Blend
53$580,000$580,000$580,000$580,000
54$645,926$615,186$606,196$694,040
55$684,686$618,205$599,379$729,628
56$726,545$620,519$591,479$764,721
57$771,792$622,064$582,434$802,469
58$820,746$622,776$572,176$843,126
59$873,755$622,585$560,637$886,970
60$931,204$621,417$547,744$934,311
61$993,515$619,195$533,422$985,489
62$1,061,152$615,834$517,590$1,040,879
63$1,134,627$611,248$500,167$1,100,893
64$1,214,501$605,341$481,065$1,165,986
65$1,301,393$598,016$460,193$1,236,661
66$1,395,983$589,166$437,457$1,313,470
67$1,499,019$578,681$412,758$1,397,024
68$1,611,325$566,443$385,992$1,487,995
69$1,733,808$552,326$357,050$1,587,123
70$1,867,465$536,198$325,819$1,695,226
71$2,013,394$517,920$292,182$1,813,204
72$2,172,805$497,343$256,015$1,942,050
73$2,347,028$474,310$217,189$2,082,859
74$2,537,529$448,655$175,568$2,236,839
75$2,745,921$420,202$131,013$2,405,318
76$2,973,979$388,767$83,377$2,589,765
77$3,223,661$354,153$32,506$2,791,797
78$3,497,120$316,152$0$3,013,197
79$3,796,729$274,545$0$3,258,254
80$4,125,099$229,101$0$3,530,665
81$4,485,107$179,575$0$3,829,364
82$4,879,922$125,709$0$4,157,006
83$5,313,035$67,229$0$4,516,515
84$5,788,289$3,848$0$4,911,113
85$6,309,918$0$0$5,344,352
86$6,882,587$0$0$5,829,406
87$7,511,434$0$0$6,362,669
88$8,202,118$0$0$6,948,393
89$8,960,875$0$0$7,591,868
90$9,794,571$0$0$8,298,922
91$10,710,776$0$0$9,075,974
92$11,717,823$0$0$9,930,099
93$12,824,897$0$0$10,869,088
94$14,042,117$0$0$11,901,527
95$15,380,629$0$0$13,036,874
96$16,852,715$0$0$14,285,551
97$18,471,906$0$0$15,659,038
98$20,253,112$0$0$17,169,986
99$22,212,758$0$0$18,832,333
100$24,368,944$0$0$20,661,437