Can I retire at age 54 with 558,000?

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 $558,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$46,079$45,669$45,268$44,877$44,496$43,491
2 years$22,811$22,387$21,975$21,576$21,188$20,181
3 years$15,057$14,630$14,219$13,824$13,443$12,465
4 years$11,180$10,755$10,348$9,959$9,588$8,647
5 years$8,854$8,432$8,030$7,650$7,288$6,387
6 years$7,305$6,885$6,490$6,117$5,767$4,906
7 years$6,198$5,782$5,393$5,030$4,690$3,870
8 years$5,369$4,956$4,574$4,219$3,891$3,111
9 years$4,724$4,315$3,939$3,594$3,277$2,536
10 years$4,208$3,804$3,434$3,098$2,792$2,090
11 years$3,787$3,386$3,024$2,696$2,401$1,737
12 years$3,436$3,039$2,683$2,365$2,081$1,454
13 years$3,139$2,747$2,397$2,088$1,814$1,223
14 years$2,885$2,497$2,154$1,853$1,591$1,034
15 years$2,665$2,281$1,945$1,653$1,400$877
16 years$2,472$2,093$1,763$1,480$1,238$746
17 years$2,303$1,927$1,605$1,330$1,097$637
18 years$2,152$1,781$1,465$1,198$976$544
19 years$2,017$1,650$1,341$1,083$870$466
20 years$1,896$1,534$1,231$981$777$400
21 years$1,787$1,429$1,132$890$695$344
22 years$1,688$1,333$1,043$809$623$295
23 years$1,597$1,247$963$737$559$254
24 years$1,515$1,169$891$672$503$219
25 years$1,439$1,097$825$614$452$189
26 years$1,369$1,031$765$561$408$163
27 years$1,304$970$711$514$367$141
28 years$1,244$914$661$471$332$121
29 years$1,188$862$615$432$299$105
30 years$1,136$814$573$396$271$91
31 years$1,087$770$534$364$245$78
32 years$1,042$728$498$334$221$68
33 years$999$690$465$307$200$59
34 years$959$654$435$283$181$51
35 years$922$620$406$260$164$44
36 years$886$589$380$240$149$38
37 years$853$559$356$221$135$33
38 years$821$531$333$204$122$28
39 years$791$505$312$188$111$25
40 years$763$481$293$173$101$21
41 years$736$457$274$160$91$18
42 years$710$436$257$148$83$16
43 years$686$415$241$136$75$14
44 years$663$396$227$126$68$12
45 years$641$377$213$116$62$10
46 years$620$360$200$107$56$9
47 years$600$344$188$99$51$8
48 years$581$328$176$92$46$7
49 years$562$313$166$85$42$6
50 years$545$299$156$78$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $558,000, adding $2,571 every year, while hoping to spend $36,333 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: 44/49/7 Blend
53$558,000$558,000$558,000$558,000
54$617,568$587,994$579,345$643,405
55$641,902$578,148$560,095$651,693
56$667,500$566,601$538,982$656,729
57$694,453$553,233$515,907$661,347
58$722,860$537,914$490,762$665,520
59$752,828$520,507$463,438$669,222
60$784,474$500,870$433,821$672,428
61$817,925$478,848$401,790$675,113
62$853,323$454,280$367,218$677,252
63$890,817$426,996$329,976$678,821
64$930,576$396,813$289,925$679,799
65$972,780$363,543$246,923$680,165
66$1,017,628$326,981$200,819$679,901
67$1,065,338$286,915$151,459$678,991
68$1,116,147$243,119$98,678$677,423
69$1,170,317$195,354$42,306$675,189
70$1,228,132$143,370$0$672,285
71$1,289,906$86,899$0$670,046
72$1,355,980$25,660$0$670,605
73$1,426,730$0$0$670,828
74$1,502,569$0$0$692,668
75$1,583,949$0$0$730,997
76$1,671,365$0$0$772,217
77$1,765,361$0$0$816,591
78$1,866,536$0$0$864,407
79$1,975,546$0$0$915,984
80$2,093,111$0$0$971,668
81$2,220,024$0$0$1,031,844
82$2,357,155$0$0$1,096,931
83$2,505,460$0$0$1,167,392
84$2,665,989$0$0$1,243,735
85$2,839,900$0$0$1,326,518
86$3,028,461$0$0$1,416,358
87$3,233,072$0$0$1,513,928
88$3,455,267$0$0$1,619,974
89$3,696,737$0$0$1,735,312
90$3,959,342$0$0$1,860,844
91$4,245,127$0$0$1,997,558
92$4,556,342$0$0$2,146,544
93$4,895,466$0$0$2,309,002
94$5,265,223$0$0$2,486,252
95$5,668,613$0$0$2,679,745
96$6,108,939$0$0$2,891,081
97$6,589,835$0$0$3,122,021
98$7,115,303$0$0$3,374,502
99$7,689,747$0$0$3,650,659
100$8,318,019$0$0$3,952,840