Can I retire at age 54 with 591,000?

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 $591,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$48,804$48,370$47,945$47,531$47,127$45,673
2 years$24,161$23,711$23,274$22,852$22,442$20,990
3 years$15,947$15,495$15,060$14,641$14,238$12,833
4 years$11,841$11,391$10,960$10,548$10,155$8,808
5 years$9,378$8,930$8,505$8,102$7,719$6,435
6 years$7,737$7,292$6,874$6,479$6,108$4,886
7 years$6,565$6,124$5,712$5,327$4,967$3,809
8 years$5,686$5,249$4,844$4,469$4,121$3,024
9 years$5,003$4,571$4,172$3,806$3,470$2,434
10 years$4,457$4,029$3,638$3,281$2,957$1,980
11 years$4,011$3,587$3,202$2,856$2,543$1,624
12 years$3,639$3,219$2,842$2,505$2,204$1,341
13 years$3,324$2,909$2,539$2,211$1,922$1,112
14 years$3,055$2,644$2,281$1,963$1,685$927
15 years$2,822$2,416$2,060$1,751$1,483$774
16 years$2,618$2,216$1,868$1,567$1,311$649
17 years$2,439$2,041$1,699$1,408$1,162$545
18 years$2,279$1,886$1,551$1,269$1,034$459
19 years$2,137$1,748$1,420$1,147$921$387
20 years$2,009$1,624$1,303$1,039$823$327
21 years$1,893$1,513$1,199$943$736$276
22 years$1,788$1,412$1,105$857$660$234
23 years$1,692$1,321$1,020$781$592$198
24 years$1,604$1,238$944$712$533$168
25 years$1,524$1,161$874$650$479$142
26 years$1,449$1,092$810$594$432$121
27 years$1,381$1,027$753$544$389$102
28 years$1,317$968$700$499$351$87
29 years$1,258$913$651$457$317$74
30 years$1,203$862$606$420$286$63
31 years$1,152$815$565$385$259$53
32 years$1,103$771$528$354$234$45
33 years$1,058$731$493$326$212$38
34 years$1,016$692$460$300$192$33
35 years$976$657$430$276$174$28
36 years$939$623$402$254$158$24
37 years$903$592$377$234$143$20
38 years$870$563$353$216$129$17
39 years$838$535$331$199$117$14
40 years$808$509$310$183$106$12
41 years$779$485$290$169$97$10
42 years$752$461$272$156$88$9
43 years$727$440$256$144$80$8
44 years$702$419$240$133$72$6
45 years$679$400$225$123$66$5
46 years$657$381$212$114$60$5
47 years$635$364$199$105$54$4
48 years$615$347$187$97$49$3
49 years$596$332$176$90$45$3
50 years$577$317$165$83$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $591,000, adding $5,516 every year, while hoping to spend $47,699 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: 43/50/7 Blend
53$591,000$591,000$591,000$591,000
54$656,972$625,649$616,488$683,663
55$673,232$605,554$586,389$682,641
56$689,551$582,876$553,683$676,227
57$705,886$557,438$518,233$668,177
58$722,187$529,053$479,893$658,360
59$738,395$497,522$438,515$646,633
60$754,447$462,636$393,941$632,845
61$770,269$424,174$346,007$616,833
62$785,780$381,901$294,541$598,424
63$800,886$335,571$239,365$577,431
64$815,485$284,922$180,292$553,654
65$829,459$229,678$117,126$526,880
66$842,678$169,547$49,665$496,879
67$854,997$104,221$0$463,405
68$866,254$33,374$0$427,863
69$876,265$0$0$392,369
70$884,830$0$0$376,766
71$891,724$0$0$378,693
72$896,694$0$0$379,667
73$899,463$0$0$379,554
74$899,720$0$0$378,206
75$897,122$0$0$375,459
76$891,286$0$0$371,129
77$881,789$0$0$365,016
78$868,160$0$0$356,893
79$849,878$0$0$346,514
80$826,367$0$0$333,602
81$796,985$0$0$317,853
82$761,027$0$0$298,930
83$717,707$0$0$276,459
84$666,159$0$0$250,028
85$605,423$0$0$219,180
86$534,439$0$0$183,411
87$452,033$0$0$142,162
88$356,908$0$0$94,817
89$247,632$0$0$40,695
90$122,621$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