Can I retire at age 54 with 551,000?

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 $551,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$45,501$45,096$44,700$44,314$43,938$42,412
2 years$22,525$22,106$21,699$21,305$20,923$19,402
3 years$14,868$14,446$14,041$13,650$13,274$11,805
4 years$11,040$10,620$10,218$9,834$9,467$8,062
5 years$8,743$8,326$7,930$7,554$7,197$5,859
6 years$7,213$6,799$6,408$6,041$5,695$4,424
7 years$6,120$5,710$5,325$4,966$4,631$3,429
8 years$5,301$4,894$4,516$4,166$3,842$2,707
9 years$4,665$4,261$3,890$3,549$3,236$2,166
10 years$4,155$3,756$3,391$3,059$2,757$1,751
11 years$3,739$3,344$2,986$2,662$2,371$1,426
12 years$3,393$3,001$2,650$2,335$2,055$1,170
13 years$3,099$2,712$2,367$2,062$1,792$964
14 years$2,848$2,465$2,127$1,830$1,571$797
15 years$2,631$2,252$1,920$1,632$1,383$662
16 years$2,441$2,066$1,741$1,461$1,222$551
17 years$2,274$1,903$1,584$1,313$1,084$459
18 years$2,125$1,758$1,446$1,183$964$384
19 years$1,992$1,630$1,324$1,069$859$321
20 years$1,873$1,514$1,215$968$767$269
21 years$1,765$1,411$1,118$879$686$226
22 years$1,667$1,317$1,030$799$615$189
23 years$1,577$1,232$951$728$552$159
24 years$1,496$1,154$880$664$496$134
25 years$1,421$1,083$815$606$447$112
26 years$1,351$1,018$756$554$402$95
27 years$1,287$958$702$507$363$80
28 years$1,228$903$652$465$327$67
29 years$1,173$851$607$426$296$56
30 years$1,122$804$565$391$267$48
31 years$1,074$760$527$359$241$40
32 years$1,029$719$492$330$218$34
33 years$987$681$459$304$198$28
34 years$947$646$429$279$179$24
35 years$910$612$401$257$162$20
36 years$875$581$375$237$147$17
37 years$842$552$351$218$133$14
38 years$811$525$329$201$121$12
39 years$781$499$308$185$109$10
40 years$753$475$289$171$99$9
41 years$727$452$271$158$90$7
42 years$702$430$254$146$82$6
43 years$678$410$238$134$74$5
44 years$655$391$224$124$67$4
45 years$633$373$210$115$61$4
46 years$612$355$197$106$55$3
47 years$592$339$185$98$50$3
48 years$573$324$174$90$46$2
49 years$555$309$164$84$42$2
50 years$538$295$154$77$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $551,000, adding $5,604 every year, while hoping to spend $28,804 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: 43/41/16 Blend
53$551,000$551,000$551,000$551,000
54$612,983$583,780$575,239$636,267
55$644,860$581,737$563,862$651,137
56$679,023$578,630$551,139$663,952
57$715,674$574,374$536,994$677,220
58$755,038$568,883$521,348$690,994
59$797,356$562,063$504,118$705,339
60$842,899$553,817$485,217$720,323
61$891,959$544,038$464,557$736,027
62$944,861$532,618$442,041$752,541
63$1,001,959$519,439$417,572$769,966
64$1,063,644$504,376$391,046$788,417
65$1,130,344$487,300$362,355$808,023
66$1,202,532$468,070$331,386$828,930
67$1,280,725$446,540$298,022$851,300
68$1,365,493$422,554$262,140$875,315
69$1,457,462$395,948$223,611$901,182
70$1,557,322$366,549$182,301$929,129
71$1,665,831$334,171$138,070$959,415
72$1,783,822$298,622$90,771$992,325
73$1,912,212$259,695$40,252$1,028,181
74$2,052,011$217,173$0$1,067,342
75$2,204,329$170,827$0$1,112,541
76$2,370,388$120,416$0$1,169,376
77$2,551,534$65,682$0$1,231,495
78$2,749,247$6,357$0$1,299,485
79$2,965,156$0$0$1,373,994
80$3,201,056$0$0$1,481,840
81$3,458,922$0$0$1,602,929
82$3,740,927$0$0$1,735,423
83$4,049,467$0$0$1,880,454
84$4,387,177$0$0$2,039,271
85$4,756,961$0$0$2,213,248
86$5,162,015$0$0$2,403,899
87$5,605,859$0$0$2,612,891
88$6,092,371$0$0$2,842,059
89$6,625,821$0$0$3,093,426
90$7,210,911$0$0$3,369,219
91$7,852,823$0$0$3,671,891
92$8,557,260$0$0$4,004,145
93$9,330,510$0$0$4,368,956
94$10,179,493$0$0$4,769,605
95$11,111,837$0$0$5,209,703
96$12,135,942$0$0$5,693,229
97$13,261,062$0$0$6,224,567
98$14,497,394$0$0$6,808,546
99$15,856,167$0$0$7,450,488
100$17,349,757$0$0$8,156,252