Can I retire at age 54 with 599,000?

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 $599,000?

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$49,465$49,024$48,594$48,175$47,765$47,286
2 years$24,488$24,031$23,590$23,161$22,745$22,263
3 years$16,163$15,705$15,264$14,839$14,431$13,959
4 years$12,001$11,545$11,108$10,691$10,292$9,836
5 years$9,505$9,051$8,620$8,212$7,824$7,384
6 years$7,841$7,391$6,967$6,567$6,191$5,768
7 years$6,654$6,207$5,789$5,399$5,035$4,629
8 years$5,763$5,320$4,910$4,529$4,177$3,789
9 years$5,071$4,632$4,229$3,858$3,517$3,146
10 years$4,517$4,083$3,687$3,325$2,997$2,643
11 years$4,065$3,635$3,246$2,894$2,578$2,240
12 years$3,688$3,263$2,881$2,539$2,234$1,912
13 years$3,369$2,949$2,574$2,241$1,948$1,642
14 years$3,097$2,680$2,312$1,989$1,707$1,417
15 years$2,860$2,448$2,088$1,774$1,503$1,228
16 years$2,654$2,246$1,893$1,589$1,329$1,068
17 years$2,472$2,069$1,722$1,427$1,178$931
18 years$2,310$1,912$1,572$1,286$1,047$814
19 years$2,166$1,772$1,439$1,162$934$714
20 years$2,036$1,646$1,321$1,053$834$626
21 years$1,918$1,533$1,215$955$746$551
22 years$1,812$1,431$1,120$869$669$485
23 years$1,715$1,339$1,034$791$600$428
24 years$1,626$1,254$956$722$540$377
25 years$1,544$1,177$886$659$486$333
26 years$1,469$1,106$821$603$437$295
27 years$1,400$1,041$763$552$394$261
28 years$1,335$981$709$505$356$231
29 years$1,275$926$660$463$321$205
30 years$1,219$874$615$425$290$181
31 years$1,167$826$573$391$263$161
32 years$1,118$782$535$359$237$143
33 years$1,073$740$499$330$215$127
34 years$1,030$702$466$304$195$112
35 years$989$666$436$280$176$100
36 years$951$632$408$257$160$89
37 years$915$600$382$237$145$79
38 years$881$570$358$219$131$70
39 years$849$542$335$202$119$62
40 years$819$516$314$186$108$55
41 years$790$491$294$172$98$49
42 years$763$468$276$158$89$44
43 years$737$446$259$146$81$39
44 years$712$425$243$135$73$34
45 years$688$405$228$125$66$31
46 years$665$386$215$115$60$27
47 years$644$369$202$106$55$24
48 years$623$352$189$98$50$22
49 years$604$336$178$91$45$19
50 years$585$321$167$84$41$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $599,000, adding $5,261 every year, while hoping to spend $46,975 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: 36/50/14 Blend
53$599,000$599,000$599,000$599,000
54$665,525$633,778$624,493$686,444
55$683,427$614,852$595,433$683,066
56$701,581$593,424$563,824$674,560
57$719,963$569,322$529,533$664,357
58$738,545$542,365$492,418$652,329
59$757,294$512,358$452,331$638,343
60$776,173$479,099$409,119$622,253
61$795,139$442,371$362,622$603,907
62$814,144$401,948$312,670$583,142
63$833,131$357,587$259,088$559,783
64$852,036$309,035$201,694$533,647
65$870,789$256,023$140,296$504,535
66$889,308$198,266$74,694$472,238
67$907,501$135,465$4,680$436,532
68$925,265$67,302$0$397,178
69$942,485$0$0$364,385
70$959,031$0$0$332,454
71$974,758$0$0$337,180
72$989,503$0$0$341,470
73$1,003,085$0$0$345,249
74$1,015,301$0$0$348,435
75$1,025,924$0$0$350,937
76$1,034,703$0$0$352,654
77$1,041,359$0$0$353,473
78$1,045,578$0$0$353,267
79$1,047,014$0$0$351,899
80$1,045,283$0$0$349,213
81$1,039,957$0$0$345,038
82$1,030,561$0$0$339,183
83$1,016,570$0$0$331,438
84$997,399$0$0$321,569
85$972,403$0$0$309,318
86$940,865$0$0$294,398
87$901,993$0$0$276,492
88$854,908$0$0$255,250
89$798,640$0$0$230,284
90$732,112$0$0$201,165
91$654,137$0$0$167,418
92$563,400$0$0$128,521
93$458,449$0$0$83,892
94$337,675$0$0$32,892
95$199,306$0$0$0
96$41,380$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0