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%18%
1 years$47,896$47,469$47,053$46,647$46,250$44,752
2 years$23,711$23,269$22,841$22,426$22,024$20,528
3 years$15,650$15,207$14,780$14,369$13,973$12,527
4 years$11,621$11,179$10,756$10,352$9,966$8,581
5 years$9,204$8,764$8,347$7,951$7,576$6,255
6 years$7,593$7,157$6,746$6,359$5,994$4,740
7 years$6,443$6,010$5,606$5,228$4,875$3,686
8 years$5,580$5,152$4,754$4,385$4,044$2,920
9 years$4,910$4,486$4,095$3,735$3,406$2,345
10 years$4,374$3,954$3,570$3,220$2,902$1,903
11 years$3,936$3,520$3,143$2,802$2,496$1,556
12 years$3,571$3,159$2,789$2,458$2,163$1,281
13 years$3,263$2,855$2,492$2,170$1,886$1,060
14 years$2,998$2,595$2,239$1,926$1,653$881
15 years$2,770$2,371$2,022$1,718$1,456$734
16 years$2,570$2,175$1,833$1,538$1,287$614
17 years$2,393$2,003$1,668$1,382$1,141$514
18 years$2,237$1,851$1,522$1,246$1,014$431
19 years$2,097$1,715$1,394$1,125$904$363
20 years$1,971$1,594$1,279$1,019$808$305
21 years$1,858$1,485$1,177$925$723$257
22 years$1,754$1,386$1,084$841$648$217
23 years$1,660$1,296$1,001$766$581$183
24 years$1,574$1,215$926$699$523$155
25 years$1,495$1,140$858$638$470$131
26 years$1,422$1,071$795$583$424$110
27 years$1,355$1,008$739$534$382$93
28 years$1,293$950$687$489$345$79
29 years$1,235$896$639$449$311$67
30 years$1,181$846$595$412$281$57
31 years$1,130$800$555$378$254$48
32 years$1,083$757$518$348$230$41
33 years$1,039$717$483$320$208$34
34 years$997$680$452$294$188$29
35 years$958$645$422$271$171$25
36 years$921$612$395$249$155$21
37 years$886$581$370$230$140$18
38 years$854$552$346$212$127$15
39 years$822$525$324$195$115$13
40 years$793$500$304$180$104$11
41 years$765$476$285$166$95$9
42 years$738$453$267$153$86$8
43 years$713$431$251$142$78$7
44 years$689$411$236$131$71$6
45 years$666$392$221$121$64$5
46 years$644$374$208$111$58$4
47 years$624$357$195$103$53$3
48 years$604$341$183$95$48$3
49 years$585$326$172$88$44$2
50 years$566$311$162$81$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $580,000, adding $4,849 every year, while hoping to spend $46,512 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: 61/27/12 Blend
53$580,000$580,000$580,000$580,000
54$644,162$613,422$604,432$681,322
55$660,378$593,991$575,192$687,423
56$676,689$572,049$543,413$688,356
57$693,056$547,424$508,963$688,239
58$709,434$519,934$471,699$686,973
59$725,771$489,386$431,476$684,451
60$742,010$455,577$388,141$680,557
61$758,086$418,290$341,534$675,167
62$773,923$377,298$291,487$668,145
63$789,438$332,361$237,827$659,347
64$804,538$283,225$180,372$648,613
65$819,118$229,620$118,932$635,775
66$833,059$171,262$53,307$620,648
67$846,230$107,852$0$603,033
68$858,482$39,074$0$584,856
69$869,650$0$0$571,164
70$879,552$0$0$565,422
71$887,981$0$0$570,275
72$894,709$0$0$573,959
73$899,483$0$0$576,302
74$902,019$0$0$577,114
75$902,004$0$0$576,182
76$899,088$0$0$573,272
77$892,886$0$0$568,123
78$882,966$0$0$560,443
79$868,853$0$0$549,914
80$850,019$0$0$536,178
81$825,879$0$0$518,841
82$795,786$0$0$497,467
83$759,021$0$0$471,572
84$714,791$0$0$440,623
85$662,218$0$0$404,026
86$600,330$0$0$361,128
87$528,052$0$0$311,205
88$444,196$0$0$253,457
89$347,449$0$0$186,999
90$236,359$0$0$110,856
91$109,322$0$0$23,946
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