Can I retire at age 54 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$45,418$45,014$44,619$44,234$43,858$43,202
2 years$22,484$22,066$21,660$21,266$20,885$20,226
3 years$14,841$14,420$14,015$13,626$13,250$12,608
4 years$11,020$10,600$10,200$9,816$9,450$8,830
5 years$8,728$8,311$7,915$7,540$7,184$6,588
6 years$7,200$6,786$6,397$6,030$5,684$5,113
7 years$6,109$5,699$5,316$4,957$4,623$4,076
8 years$5,292$4,885$4,508$4,159$3,835$3,313
9 years$4,656$4,254$3,883$3,542$3,230$2,732
10 years$4,148$3,749$3,385$3,053$2,752$2,278
11 years$3,732$3,338$2,980$2,657$2,367$1,916
12 years$3,386$2,996$2,645$2,331$2,051$1,624
13 years$3,094$2,707$2,363$2,058$1,788$1,383
14 years$2,843$2,461$2,123$1,827$1,568$1,184
15 years$2,626$2,248$1,917$1,629$1,380$1,018
16 years$2,437$2,063$1,738$1,459$1,220$878
17 years$2,270$1,900$1,582$1,311$1,082$759
18 years$2,121$1,755$1,444$1,181$962$658
19 years$1,989$1,627$1,322$1,067$857$572
20 years$1,869$1,512$1,213$967$766$497
21 years$1,762$1,408$1,116$877$685$434
22 years$1,664$1,314$1,028$798$614$378
23 years$1,575$1,229$949$726$551$330
24 years$1,493$1,152$878$663$496$289
25 years$1,418$1,081$813$605$446$253
26 years$1,349$1,016$754$553$402$221
27 years$1,285$956$700$506$362$194
28 years$1,226$901$651$464$327$170
29 years$1,171$850$606$425$295$149
30 years$1,120$803$564$390$267$131
31 years$1,072$759$526$359$241$115
32 years$1,027$718$491$330$218$101
33 years$985$680$458$303$197$89
34 years$946$644$428$279$179$78
35 years$908$611$400$257$162$69
36 years$874$580$375$236$147$60
37 years$841$551$351$218$133$53
38 years$809$524$328$201$120$47
39 years$780$498$308$185$109$41
40 years$752$474$288$171$99$36
41 years$725$451$270$158$90$32
42 years$700$429$254$145$82$28
43 years$676$409$238$134$74$25
44 years$653$390$223$124$67$22
45 years$632$372$210$114$61$19
46 years$611$355$197$106$55$17
47 years$591$339$185$98$50$15
48 years$572$323$174$90$46$13
49 years$554$309$163$83$41$11
50 years$537$295$154$77$38$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $550,000, adding $3,244 every year, while hoping to spend $33,758 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: 73/14/13 Blend
53$550,000$550,000$550,000$550,000
54$609,446$580,296$571,771$652,031
55$635,691$572,812$555,007$673,157
56$663,482$563,831$536,550$691,812
57$692,941$553,242$516,308$711,335
58$724,200$540,930$494,184$731,804
59$757,406$526,773$470,077$753,306
60$792,719$510,642$443,881$775,934
61$830,311$492,399$415,487$799,795
62$870,376$471,899$384,778$825,006
63$913,121$448,989$351,635$851,696
64$958,777$423,507$315,932$880,009
65$1,007,593$395,280$277,537$910,104
66$1,059,846$364,127$236,313$942,158
67$1,115,837$329,856$192,117$976,366
68$1,175,898$292,265$144,798$1,012,945
69$1,240,392$251,138$94,201$1,052,135
70$1,309,718$206,249$40,162$1,094,201
71$1,384,313$157,359$0$1,139,439
72$1,464,658$104,215$0$1,190,602
73$1,551,282$46,551$0$1,251,725
74$1,644,764$0$0$1,317,658
75$1,745,742$0$0$1,391,320
76$1,854,916$0$0$1,478,734
77$1,973,055$0$0$1,573,348
78$2,101,006$0$0$1,675,842
79$2,239,699$0$0$1,786,964
80$2,390,157$0$0$1,907,535
81$2,553,505$0$0$2,038,462
82$2,730,981$0$0$2,180,738
83$2,923,945$0$0$2,335,459
84$3,133,895$0$0$2,503,828
85$3,362,478$0$0$2,687,171
86$3,611,509$0$0$2,886,945
87$3,882,981$0$0$3,104,755
88$4,179,091$0$0$3,342,367
89$4,502,256$0$0$3,601,724
90$4,855,136$0$0$3,884,967
91$5,240,660$0$0$4,194,450
92$5,662,051$0$0$4,532,767
93$6,122,860$0$0$4,902,773
94$6,626,995$0$0$5,307,610
95$7,178,759$0$0$5,750,741
96$7,782,891$0$0$6,235,976
97$8,444,609$0$0$6,767,513
98$9,169,661$0$0$7,349,973
99$9,964,374$0$0$7,988,449
100$10,835,719$0$0$8,688,545