Can I retire at age 54 with 592,000?

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 $592,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$48,887$48,451$48,026$47,612$47,207$46,733
2 years$24,201$23,751$23,314$22,890$22,479$22,003
3 years$15,974$15,521$15,086$14,666$14,262$13,796
4 years$11,861$11,410$10,978$10,566$10,172$9,721
5 years$9,394$8,945$8,520$8,116$7,732$7,298
6 years$7,750$7,305$6,885$6,490$6,118$5,701
7 years$6,576$6,134$5,722$5,336$4,976$4,575
8 years$5,696$5,258$4,852$4,476$4,128$3,744
9 years$5,012$4,578$4,179$3,813$3,476$3,110
10 years$4,465$4,036$3,644$3,287$2,962$2,612
11 years$4,017$3,593$3,208$2,860$2,547$2,214
12 years$3,645$3,225$2,847$2,509$2,208$1,890
13 years$3,330$2,914$2,543$2,215$1,925$1,623
14 years$3,060$2,649$2,285$1,966$1,687$1,401
15 years$2,827$2,420$2,063$1,754$1,486$1,214
16 years$2,623$2,220$1,871$1,570$1,313$1,055
17 years$2,443$2,045$1,702$1,411$1,164$921
18 years$2,283$1,889$1,554$1,271$1,035$805
19 years$2,140$1,751$1,423$1,149$923$705
20 years$2,012$1,627$1,306$1,040$824$619
21 years$1,896$1,516$1,201$944$738$544
22 years$1,791$1,415$1,107$859$661$479
23 years$1,695$1,323$1,022$782$593$423
24 years$1,607$1,240$945$713$533$373
25 years$1,526$1,163$875$651$480$330
26 years$1,452$1,093$812$595$432$291
27 years$1,383$1,029$754$545$390$258
28 years$1,319$970$701$499$352$228
29 years$1,260$915$652$458$318$202
30 years$1,205$864$607$420$287$179
31 years$1,154$817$566$386$259$159
32 years$1,105$773$528$355$235$141
33 years$1,060$732$493$326$212$125
34 years$1,018$694$461$300$192$111
35 years$978$658$431$276$174$99
36 years$940$624$403$254$158$87
37 years$905$593$377$234$143$78
38 years$871$564$353$216$130$69
39 years$839$536$331$199$118$61
40 years$809$510$310$184$107$55
41 years$781$485$291$170$97$48
42 years$754$462$273$156$88$43
43 years$728$440$256$144$80$38
44 years$703$420$240$133$72$34
45 years$680$400$226$123$66$30
46 years$658$382$212$114$60$27
47 years$636$364$199$105$54$24
48 years$616$348$187$97$49$21
49 years$597$332$176$90$45$19
50 years$578$317$165$83$41$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $592,000, adding $2,742 every year, while hoping to spend $21,777 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: 82/12/6 Blend
53$592,000$592,000$592,000$592,000
54$655,212$623,836$614,660$708,461
55$698,873$631,234$612,081$751,066
56$746,258$638,264$608,685$794,626
57$797,723$644,885$604,423$841,770
58$853,661$651,055$599,241$892,844
59$914,504$656,726$593,085$948,229
60$980,726$661,848$585,896$1,008,344
61$1,052,850$666,369$577,614$1,073,653
62$1,131,452$670,233$568,175$1,144,662
63$1,217,165$673,379$557,514$1,221,933
64$1,310,685$675,743$545,560$1,306,084
65$1,412,779$677,259$532,240$1,397,793
66$1,524,292$677,854$517,479$1,497,811
67$1,646,152$677,451$501,197$1,606,962
68$1,779,382$675,969$483,311$1,726,156
69$1,925,111$673,323$463,733$1,856,395
70$2,084,576$669,420$442,372$1,998,782
71$2,259,145$664,164$419,134$2,154,533
72$2,450,321$657,451$393,918$2,324,988
73$2,659,761$649,173$366,621$2,511,625
74$2,889,288$639,214$337,134$2,716,069
75$3,140,910$627,450$305,343$2,940,114
76$3,416,842$613,754$271,131$3,185,735
77$3,719,518$597,986$234,372$3,455,109
78$4,051,623$580,002$194,938$3,750,635
79$4,416,114$559,647$152,693$4,074,958
80$4,816,246$536,758$107,497$4,430,990
81$5,255,606$511,163$59,202$4,821,943
82$5,738,147$482,679$7,654$5,251,353
83$6,268,221$451,113$0$5,723,122
84$6,850,623$416,261$0$6,244,577
85$7,490,636$377,907$0$6,818,143
86$8,194,079$335,823$0$7,448,560
87$8,967,365$289,768$0$8,141,591
88$9,817,556$239,487$0$8,903,587
89$10,752,437$184,711$0$9,741,547
90$11,780,580$125,157$0$10,663,183
91$12,911,432$60,523$0$11,676,994
92$14,155,402$0$0$12,792,346
93$15,523,958$0$0$14,020,814
94$17,029,735$0$0$15,381,266
95$18,686,654$0$0$16,878,289
96$20,510,056$0$0$18,525,744
97$22,516,842$0$0$20,338,905
98$24,725,634$0$0$22,334,600
99$27,156,954$0$0$24,531,370
100$29,833,411$0$0$26,949,649