Can I retire at age 54 with 582,000?

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 $582,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$48,061$47,633$47,215$46,808$46,409$44,621
2 years$23,793$23,349$22,920$22,504$22,100$20,319
3 years$15,704$15,259$14,831$14,418$14,021$12,304
4 years$11,661$11,217$10,793$10,388$10,000$8,360
5 years$9,235$8,794$8,376$7,979$7,602$6,044
6 years$7,619$7,181$6,769$6,381$6,015$4,539
7 years$6,465$6,031$5,625$5,246$4,892$3,498
8 years$5,600$5,169$4,770$4,401$4,058$2,745
9 years$4,927$4,501$4,109$3,748$3,418$2,183
10 years$4,389$3,967$3,582$3,231$2,912$1,753
11 years$3,950$3,532$3,154$2,812$2,504$1,419
12 years$3,583$3,170$2,799$2,467$2,170$1,156
13 years$3,274$2,865$2,501$2,178$1,893$946
14 years$3,009$2,604$2,247$1,933$1,659$777
15 years$2,779$2,379$2,028$1,724$1,461$641
16 years$2,578$2,183$1,839$1,544$1,291$529
17 years$2,402$2,010$1,674$1,387$1,145$438
18 years$2,245$1,857$1,528$1,250$1,018$363
19 years$2,104$1,721$1,399$1,129$907$302
20 years$1,978$1,600$1,284$1,023$810$251
21 years$1,864$1,490$1,181$928$725$209
22 years$1,761$1,391$1,088$844$650$174
23 years$1,666$1,301$1,005$769$583$145
24 years$1,580$1,219$929$701$524$121
25 years$1,500$1,144$861$640$472$101
26 years$1,427$1,075$798$585$425$84
27 years$1,360$1,012$741$536$383$70
28 years$1,297$953$689$491$346$59
29 years$1,239$899$641$450$312$49
30 years$1,185$849$597$413$282$41
31 years$1,134$803$557$379$255$34
32 years$1,087$760$519$349$231$29
33 years$1,042$719$485$321$209$24
34 years$1,001$682$453$295$189$20
35 years$961$647$424$272$171$17
36 years$924$614$396$250$155$14
37 years$889$583$371$230$141$12
38 years$856$554$347$212$127$10
39 years$825$527$325$196$116$8
40 years$796$501$305$181$105$7
41 years$768$477$286$167$95$6
42 years$741$454$268$154$86$5
43 years$716$433$252$142$78$4
44 years$691$413$236$131$71$3
45 years$669$394$222$121$65$3
46 years$647$375$208$112$59$2
47 years$626$358$196$103$53$2
48 years$606$342$184$95$48$2
49 years$587$327$173$88$44$1
50 years$568$312$163$82$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $582,000, adding $6,602 every year, while hoping to spend $31,226 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: 68/17/15 Blend
53$582,000$582,000$582,000$582,000
54$648,174$617,328$608,307$689,543
55$681,063$614,353$595,461$714,979
56$716,261$610,185$581,138$738,477
57$753,970$604,734$565,256$763,390
58$794,411$597,902$547,728$789,851
59$837,828$589,587$528,465$818,012
60$884,489$579,679$507,371$848,039
61$934,688$568,064$484,349$880,117
62$988,746$554,620$459,294$914,448
63$1,047,018$539,216$432,100$951,260
64$1,109,892$521,716$402,654$990,801
65$1,177,796$501,975$370,838$1,033,347
66$1,251,199$479,839$336,529$1,079,204
67$1,330,617$455,147$299,598$1,128,710
68$1,416,617$427,726$259,912$1,182,238
69$1,509,823$397,396$217,330$1,240,202
70$1,610,920$363,964$171,706$1,303,059
71$1,720,663$327,227$122,887$1,371,315
72$1,839,880$286,971$70,714$1,445,527
73$1,969,485$242,969$15,019$1,526,313
74$2,110,480$194,983$0$1,614,356
75$2,263,970$142,758$0$1,717,520
76$2,431,171$86,028$0$1,832,556
77$2,613,418$24,512$0$1,958,009
78$2,812,184$0$0$2,094,929
79$3,029,088$0$0$2,252,348
80$3,265,913$0$0$2,429,263
81$3,524,623$0$0$2,622,560
82$3,807,376$0$0$2,833,857
83$4,116,552$0$0$3,064,935
84$4,454,771$0$0$3,317,757
85$4,824,915$0$0$3,594,483
86$5,230,160$0$0$3,897,493
87$5,674,003$0$0$4,229,405
88$6,160,294$0$0$4,593,104
89$6,693,274$0$0$4,991,769
90$7,277,615$0$0$5,428,897
91$7,918,460$0$0$5,908,344
92$8,621,474$0$0$6,434,353
93$9,392,898$0$0$7,011,602
94$10,239,608$0$0$7,645,239
95$11,169,173$0$0$8,340,939
96$12,189,935$0$0$9,104,951
97$13,311,083$0$0$9,944,159
98$14,542,738$0$0$10,866,146
99$15,896,050$0$0$11,879,269
100$17,383,303$0$0$12,992,730