Can I retire at age 54 with 561,000?

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 $561,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$46,327$45,914$45,512$45,119$44,735$43,338
2 years$22,934$22,507$22,093$21,692$21,302$19,907
3 years$15,138$14,709$14,296$13,898$13,515$12,166
4 years$11,240$10,812$10,404$10,013$9,639$8,346
5 years$8,902$8,477$8,074$7,691$7,327$6,094
6 years$7,344$6,922$6,525$6,150$5,798$4,625
7 years$6,232$5,813$5,422$5,057$4,715$3,603
8 years$5,398$4,983$4,598$4,242$3,912$2,859
9 years$4,749$4,339$3,961$3,613$3,294$2,300
10 years$4,231$3,824$3,453$3,115$2,807$1,870
11 years$3,807$3,404$3,040$2,711$2,414$1,533
12 years$3,454$3,056$2,698$2,378$2,092$1,264
13 years$3,156$2,761$2,410$2,099$1,824$1,048
14 years$2,900$2,510$2,166$1,863$1,599$872
15 years$2,679$2,293$1,955$1,662$1,408$729
16 years$2,485$2,104$1,773$1,488$1,244$610
17 years$2,315$1,938$1,613$1,337$1,103$513
18 years$2,164$1,790$1,473$1,205$981$431
19 years$2,028$1,659$1,348$1,089$874$363
20 years$1,907$1,542$1,237$986$781$306
21 years$1,797$1,436$1,138$895$699$259
22 years$1,697$1,341$1,049$814$627$219
23 years$1,606$1,254$968$741$562$185
24 years$1,523$1,175$896$676$505$157
25 years$1,446$1,102$830$617$455$133
26 years$1,376$1,036$769$564$410$112
27 years$1,311$975$714$517$369$95
28 years$1,250$919$664$473$333$81
29 years$1,194$867$618$434$301$69
30 years$1,142$819$576$398$272$58
31 years$1,093$774$537$366$246$49
32 years$1,047$732$501$336$222$42
33 years$1,005$693$468$309$201$36
34 years$964$657$437$284$182$30
35 years$927$623$408$262$165$26
36 years$891$592$382$241$150$22
37 years$857$562$358$222$136$18
38 years$826$534$335$205$123$16
39 years$795$508$314$189$111$13
40 years$767$483$294$174$101$11
41 years$740$460$276$161$92$10
42 years$714$438$259$148$83$8
43 years$690$417$243$137$76$7
44 years$667$398$228$126$69$6
45 years$644$379$214$117$62$5
46 years$623$362$201$108$56$4
47 years$603$345$189$100$51$4
48 years$584$330$177$92$47$3
49 years$565$315$167$85$42$3
50 years$548$301$157$79$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $561,000, adding $2,254 every year, while hoping to spend $45,686 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: 64/8/28 Blend
53$561,000$561,000$561,000$561,000
54$620,547$590,814$582,119$655,511
55$635,233$571,154$553,010$659,798
56$649,886$549,000$521,395$659,245
57$664,455$524,181$487,142$657,649
58$678,879$496,516$450,111$654,913
59$693,095$465,816$410,160$650,934
60$707,028$431,878$367,137$645,598
61$720,593$394,488$320,885$638,784
62$733,698$353,422$271,239$630,359
63$746,237$308,442$218,027$620,179
64$758,093$259,295$161,071$608,088
65$769,133$205,716$100,182$593,917
66$779,212$147,423$35,165$577,483
67$788,165$84,120$0$558,586
68$795,810$15,494$0$547,234
69$801,943$0$0$544,843
70$806,338$0$0$545,881
71$808,742$0$0$546,859
72$808,878$0$0$546,213
73$806,432$0$0$543,724
74$801,061$0$0$539,147
75$792,383$0$0$532,213
76$779,971$0$0$522,620
77$763,357$0$0$510,037
78$742,019$0$0$494,095
79$715,380$0$0$474,386
80$682,800$0$0$450,458
81$643,572$0$0$421,812
82$596,914$0$0$387,894
83$541,959$0$0$348,092
84$477,749$0$0$301,731
85$403,226$0$0$248,062
86$317,219$0$0$186,259
87$218,435$0$0$115,408
88$105,444$0$0$34,500
89$0$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