Can I retire at age 54 with 557,000?

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 $557,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$45,997$45,587$45,187$44,797$44,416$43,220
2 years$22,771$22,346$21,935$21,537$21,150$19,954
3 years$15,030$14,604$14,194$13,799$13,419$12,259
4 years$11,160$10,735$10,329$9,941$9,570$8,457
5 years$8,839$8,417$8,016$7,636$7,275$6,210
6 years$7,292$6,873$6,478$6,107$5,757$4,742
7 years$6,187$5,772$5,383$5,021$4,682$3,717
8 years$5,359$4,947$4,566$4,212$3,884$2,969
9 years$4,715$4,308$3,932$3,587$3,271$2,405
10 years$4,201$3,797$3,428$3,092$2,787$1,968
11 years$3,780$3,380$3,018$2,691$2,397$1,625
12 years$3,429$3,034$2,679$2,361$2,077$1,350
13 years$3,133$2,742$2,393$2,084$1,811$1,127
14 years$2,879$2,492$2,150$1,850$1,588$946
15 years$2,660$2,277$1,941$1,650$1,398$796
16 years$2,468$2,089$1,760$1,477$1,236$672
17 years$2,298$1,924$1,602$1,327$1,095$569
18 years$2,148$1,778$1,462$1,196$974$482
19 years$2,014$1,647$1,338$1,081$868$410
20 years$1,893$1,531$1,228$979$775$349
21 years$1,784$1,426$1,130$888$694$297
22 years$1,685$1,331$1,041$808$622$253
23 years$1,595$1,245$962$736$558$216
24 years$1,512$1,166$889$671$502$185
25 years$1,436$1,095$824$613$452$158
26 years$1,366$1,029$764$560$407$135
27 years$1,301$968$709$513$367$115
28 years$1,241$912$659$470$331$99
29 years$1,186$861$614$431$299$84
30 years$1,134$813$572$395$270$72
31 years$1,085$768$533$363$244$62
32 years$1,040$727$497$334$221$53
33 years$998$689$464$307$200$45
34 years$958$653$434$282$181$39
35 years$920$619$406$260$164$33
36 years$885$587$379$239$148$29
37 years$851$558$355$221$135$25
38 years$820$530$332$203$122$21
39 years$790$504$312$187$111$18
40 years$762$480$292$173$100$15
41 years$735$457$274$160$91$13
42 years$709$435$257$147$83$11
43 years$685$414$241$136$75$10
44 years$662$395$226$125$68$8
45 years$640$377$212$116$62$7
46 years$619$359$199$107$56$6
47 years$599$343$187$99$51$5
48 years$580$327$176$91$46$5
49 years$561$313$166$84$42$4
50 years$544$299$156$78$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $557,000, adding $3,150 every year, while hoping to spend $45,351 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: 43/46/11 Blend
53$557,000$557,000$557,000$557,000
54$617,063$587,542$578,909$641,500
55$631,751$568,079$550,049$639,396
56$646,416$546,141$518,703$632,303
57$661,010$521,561$484,738$623,606
58$675,474$494,160$448,019$613,177
59$689,746$463,747$408,401$600,877
60$703,753$430,124$365,735$586,560
61$717,414$393,078$319,865$570,067
62$730,638$352,386$270,628$551,228
63$743,321$307,811$217,853$529,862
64$755,351$259,105$161,361$505,774
65$766,598$206,002$100,968$478,754
66$776,919$148,225$36,479$448,579
67$786,156$85,478$0$415,008
68$794,129$17,452$0$381,579
69$800,640$0$0$349,034
70$805,470$0$0$341,254
71$808,372$0$0$341,355
72$809,073$0$0$340,374
73$807,270$0$0$338,165
74$802,628$0$0$334,567
75$794,772$0$0$329,403
76$783,288$0$0$322,474
77$767,717$0$0$313,562
78$747,551$0$0$302,424
79$722,226$0$0$288,791
80$691,119$0$0$272,367
81$653,538$0$0$252,823
82$608,719$0$0$229,794
83$555,818$0$0$202,878
84$493,898$0$0$171,631
85$421,926$0$0$135,561
86$338,759$0$0$94,123
87$243,133$0$0$46,719
88$133,653$0$0$0
89$8,776$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0