Can I retire at age 54 with 594,000?

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 $594,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$49,052$48,615$48,189$47,773$47,366$46,353
2 years$24,283$23,831$23,393$22,968$22,555$21,540
3 years$16,028$15,574$15,137$14,716$14,310$13,323
4 years$11,901$11,448$11,016$10,602$10,206$9,256
5 years$9,426$8,976$8,549$8,143$7,758$6,848
6 years$7,776$7,329$6,908$6,512$6,139$5,269
7 years$6,598$6,155$5,741$5,354$4,993$4,163
8 years$5,715$5,276$4,869$4,491$4,142$3,352
9 years$5,029$4,594$4,193$3,826$3,488$2,738
10 years$4,480$4,049$3,656$3,298$2,972$2,261
11 years$4,031$3,605$3,219$2,870$2,556$1,883
12 years$3,657$3,235$2,856$2,517$2,215$1,579
13 years$3,341$2,924$2,552$2,222$1,932$1,331
14 years$3,071$2,658$2,293$1,973$1,693$1,127
15 years$2,836$2,428$2,070$1,759$1,491$958
16 years$2,632$2,228$1,877$1,575$1,318$817
17 years$2,451$2,051$1,708$1,415$1,168$699
18 years$2,291$1,896$1,559$1,276$1,039$599
19 years$2,148$1,757$1,427$1,153$926$514
20 years$2,019$1,633$1,310$1,044$827$442
21 years$1,902$1,521$1,205$947$740$380
22 years$1,797$1,420$1,111$861$663$328
23 years$1,701$1,328$1,025$785$595$283
24 years$1,612$1,244$948$716$535$244
25 years$1,531$1,167$878$653$482$211
26 years$1,457$1,097$815$597$434$183
27 years$1,388$1,033$756$547$391$158
28 years$1,324$973$703$501$353$137
29 years$1,264$918$654$460$319$118
30 years$1,209$867$610$422$288$102
31 years$1,157$819$568$387$260$89
32 years$1,109$775$530$356$235$77
33 years$1,064$734$495$327$213$67
34 years$1,021$696$463$301$193$58
35 years$981$660$432$277$175$50
36 years$943$626$405$255$158$43
37 years$908$595$379$235$144$38
38 years$874$565$355$217$130$33
39 years$842$538$332$200$118$28
40 years$812$512$311$184$107$25
41 years$783$487$292$170$97$21
42 years$756$464$274$157$88$19
43 years$730$442$257$145$80$16
44 years$706$421$241$134$73$14
45 years$682$402$227$124$66$12
46 years$660$383$213$114$60$11
47 years$639$366$200$105$54$9
48 years$618$349$188$97$49$8
49 years$599$333$177$90$45$7
50 years$580$318$166$83$41$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $594,000, adding $3,424 every year, while hoping to spend $26,145 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: 56/24/20 Blend
53$594,000$594,000$594,000$594,000
54$658,120$626,638$617,431$691,257
55$697,430$629,525$610,297$717,138
56$739,874$631,677$602,047$742,234
57$785,742$633,031$592,618$769,000
58$835,358$633,519$581,940$797,605
59$889,072$633,070$569,943$828,233
60$947,273$631,606$556,551$861,088
61$1,010,387$629,047$541,688$896,398
62$1,078,884$625,307$525,272$934,414
63$1,153,278$620,295$507,217$975,413
64$1,234,137$613,915$487,434$1,019,702
65$1,322,086$606,064$465,829$1,067,622
66$1,417,811$596,633$442,307$1,119,550
67$1,522,067$585,507$416,763$1,175,901
68$1,635,686$572,565$389,093$1,237,135
69$1,759,583$557,677$359,184$1,303,763
70$1,894,764$540,707$326,921$1,376,348
71$2,042,338$521,511$292,181$1,455,510
72$2,203,526$499,934$254,838$1,541,941
73$2,379,670$475,815$214,760$1,636,399
74$2,572,250$448,983$171,808$1,739,726
75$2,782,893$419,257$125,837$1,852,851
76$3,013,393$386,445$76,697$1,976,802
77$3,265,722$350,345$24,230$2,112,713
78$3,542,056$310,741$0$2,261,838
79$3,844,787$267,409$0$2,432,340
80$4,176,553$220,110$0$2,624,929
81$4,540,255$168,589$0$2,836,157
82$4,939,093$112,582$0$3,067,930
83$5,376,588$51,806$0$3,322,350
84$5,856,619$0$0$3,601,737
85$6,383,459$0$0$3,912,354
86$6,961,815$0$0$4,268,418
87$7,596,872$0$0$4,659,447
88$8,294,340$0$0$5,088,963
89$9,060,512$0$0$5,560,850
90$9,902,318$0$0$6,079,382
91$10,827,393$0$0$6,649,271
92$11,844,150$0$0$7,275,707
93$12,961,855$0$0$7,964,409
94$14,190,719$0$0$8,721,675
95$15,541,990$0$0$9,554,446
96$17,028,061$0$0$10,470,370
97$18,662,585$0$0$11,477,872
98$20,460,608$0$0$12,586,233
99$22,438,704$0$0$13,805,682
100$24,615,135$0$0$15,147,488