Can I retire at age 54 with 552,000?

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 $552,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$45,584$45,178$44,781$44,395$44,017$43,449
2 years$22,566$22,146$21,739$21,344$20,961$20,389
3 years$14,895$14,473$14,066$13,675$13,298$12,741
4 years$11,060$10,639$10,237$9,852$9,484$8,946
5 years$8,759$8,341$7,944$7,567$7,210$6,692
6 years$7,226$6,811$6,420$6,052$5,705$5,207
7 years$6,132$5,720$5,335$4,975$4,640$4,163
8 years$5,311$4,903$4,525$4,174$3,849$3,393
9 years$4,673$4,269$3,897$3,555$3,241$2,807
10 years$4,163$3,763$3,397$3,065$2,762$2,347
11 years$3,746$3,350$2,991$2,667$2,375$1,981
12 years$3,399$3,007$2,655$2,339$2,058$1,684
13 years$3,105$2,717$2,372$2,065$1,795$1,439
14 years$2,854$2,470$2,131$1,833$1,573$1,236
15 years$2,636$2,256$1,924$1,635$1,385$1,066
16 years$2,446$2,070$1,744$1,464$1,224$923
17 years$2,278$1,906$1,587$1,315$1,086$801
18 years$2,129$1,762$1,449$1,185$965$697
19 years$1,996$1,633$1,326$1,071$860$607
20 years$1,876$1,517$1,217$970$769$531
21 years$1,768$1,413$1,120$880$688$464
22 years$1,670$1,319$1,032$801$616$406
23 years$1,580$1,234$953$729$553$356
24 years$1,498$1,156$881$665$497$313
25 years$1,423$1,085$816$607$448$275
26 years$1,354$1,020$757$555$403$242
27 years$1,290$960$703$508$363$213
28 years$1,230$904$653$466$328$187
29 years$1,175$853$608$427$296$165
30 years$1,124$806$566$392$268$145
31 years$1,076$761$528$360$242$128
32 years$1,031$721$493$331$219$113
33 years$989$682$460$304$198$100
34 years$949$647$430$280$179$88
35 years$912$613$402$258$162$78
36 years$877$582$376$237$147$69
37 years$844$553$352$219$133$60
38 years$812$526$330$202$121$53
39 years$783$500$309$186$110$47
40 years$755$475$289$171$99$42
41 years$728$453$271$158$90$37
42 years$703$431$255$146$82$33
43 years$679$411$239$135$74$29
44 years$656$391$224$124$67$25
45 years$634$373$210$115$61$22
46 years$613$356$198$106$56$20
47 years$593$340$186$98$50$18
48 years$574$324$175$91$46$15
49 years$556$310$164$84$42$14
50 years$539$296$154$77$38$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $552,000, adding $2,436 every year, while hoping to spend $21,154 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: 31/42/27 Blend
53$552,000$552,000$552,000$552,000
54$610,817$581,561$573,005$624,631
55$650,612$587,550$569,693$641,473
56$693,758$593,123$565,561$657,558
57$740,573$598,238$560,559$674,454
58$791,410$602,849$554,635$692,246
59$846,653$606,908$547,735$711,028
60$906,728$610,364$539,801$730,909
61$972,104$613,160$530,773$752,006
62$1,043,293$615,240$520,589$774,453
63$1,120,863$616,541$509,183$798,396
64$1,205,436$616,997$496,486$824,002
65$1,297,699$616,538$482,427$851,453
66$1,398,406$615,089$466,929$880,953
67$1,508,387$612,573$449,915$912,729
68$1,628,558$608,904$431,303$947,035
69$1,759,925$603,995$411,006$984,151
70$1,903,598$597,751$388,935$1,024,389
71$2,060,796$590,071$364,995$1,068,097
72$2,232,863$580,851$339,089$1,115,659
73$2,421,280$569,978$311,113$1,167,502
74$2,627,677$557,333$280,962$1,224,103
75$2,853,848$542,791$248,522$1,285,986
76$3,101,770$526,217$213,677$1,353,737
77$3,373,621$507,472$176,305$1,428,003
78$3,671,797$486,405$136,278$1,509,501
79$3,998,941$462,859$93,464$1,599,027
80$4,357,961$436,667$47,723$1,697,463
81$4,752,061$407,652$0$1,805,786
82$5,184,772$375,627$0$1,925,390
83$5,659,981$340,395$0$2,071,852
84$6,181,972$301,748$0$2,232,779
85$6,755,463$259,463$0$2,409,686
86$7,385,652$213,309$0$2,604,245
87$8,078,267$163,039$0$2,818,304
88$8,839,615$108,394$0$3,053,903
89$9,676,648$49,097$0$3,313,296
90$10,597,023$0$0$3,598,970
91$11,609,177$0$0$3,920,669
92$12,722,406$0$0$4,299,544
93$13,946,950$0$0$4,716,402
94$15,294,094$0$0$5,175,097
95$16,776,270$0$0$5,679,873
96$18,407,176$0$0$6,235,409
97$20,201,907$0$0$6,846,860
98$22,177,091$0$0$7,519,906
99$24,351,054$0$0$8,260,804
100$26,743,986$0$0$9,076,450