Can I retire at age 54 with 566,000?

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 $566,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$46,740$46,323$45,917$45,521$45,134$44,849
2 years$23,138$22,708$22,290$21,885$21,492$21,205
3 years$15,272$14,840$14,423$14,022$13,636$13,355
4 years$11,340$10,909$10,496$10,102$9,725$9,453
5 years$8,981$8,553$8,146$7,759$7,393$7,130
6 years$7,409$6,984$6,583$6,205$5,850$5,597
7 years$6,287$5,865$5,470$5,102$4,757$4,514
8 years$5,446$5,027$4,639$4,280$3,947$3,713
9 years$4,792$4,377$3,996$3,645$3,324$3,100
10 years$4,269$3,858$3,484$3,142$2,832$2,618
11 years$3,841$3,435$3,067$2,735$2,436$2,231
12 years$3,485$3,083$2,722$2,399$2,111$1,916
13 years$3,184$2,786$2,432$2,118$1,840$1,655
14 years$2,926$2,532$2,185$1,880$1,613$1,437
15 years$2,703$2,313$1,973$1,677$1,421$1,252
16 years$2,508$2,123$1,789$1,501$1,255$1,096
17 years$2,336$1,955$1,628$1,349$1,113$962
18 years$2,183$1,806$1,486$1,215$990$846
19 years$2,046$1,674$1,360$1,098$882$746
20 years$1,924$1,556$1,248$995$788$659
21 years$1,813$1,449$1,148$903$705$584
22 years$1,712$1,353$1,058$821$632$518
23 years$1,620$1,265$977$748$567$459
24 years$1,536$1,185$904$682$510$408
25 years$1,459$1,112$837$623$459$363
26 years$1,388$1,045$776$569$413$323
27 years$1,322$984$721$521$373$288
28 years$1,261$927$670$477$336$257
29 years$1,205$875$624$438$304$229
30 years$1,152$826$581$402$274$205
31 years$1,103$781$541$369$248$183
32 years$1,057$739$505$339$224$163
33 years$1,014$700$472$312$203$146
34 years$973$663$441$287$184$131
35 years$935$629$412$264$167$117
36 years$899$597$385$243$151$105
37 years$865$567$361$224$137$94
38 years$833$539$338$207$124$84
39 years$803$512$317$191$112$75
40 years$774$487$297$176$102$67
41 years$747$464$278$162$93$60
42 years$721$442$261$150$84$54
43 years$696$421$245$138$76$48
44 years$672$401$230$128$69$43
45 years$650$383$216$118$63$39
46 years$629$365$203$109$57$35
47 years$608$348$190$101$52$31
48 years$589$333$179$93$47$28
49 years$570$318$168$86$43$25
50 years$553$303$158$79$39$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $566,000, adding $2,227 every year, while hoping to spend $32,994 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: 68/22/10 Blend
53$566,000$566,000$566,000$566,000
54$626,029$596,031$587,258$667,175
55$654,779$590,131$571,826$688,885
56$685,355$582,837$554,771$708,444
57$717,909$574,044$536,004$728,965
58$752,608$563,643$515,432$750,538
59$789,632$551,520$492,957$773,263
60$829,180$537,550$468,477$797,250
61$871,471$521,605$441,885$822,621
62$916,744$503,547$413,071$849,512
63$965,261$483,229$381,918$878,075
64$1,017,309$460,499$348,304$908,477
65$1,073,204$435,193$312,102$940,903
66$1,133,293$407,140$273,179$975,560
67$1,197,955$376,156$231,397$1,012,676
68$1,267,609$342,049$186,611$1,052,506
69$1,342,712$304,617$138,669$1,095,330
70$1,423,769$263,643$87,415$1,141,460
71$1,511,332$218,901$32,682$1,191,242
72$1,606,011$170,150$0$1,245,057
73$1,708,473$117,136$0$1,306,076
74$1,819,454$59,593$0$1,375,922
75$1,939,762$0$0$1,451,646
76$2,070,285$0$0$1,534,512
77$2,212,000$0$0$1,640,176
78$2,365,982$0$0$1,755,016
79$2,533,414$0$0$1,879,917
80$2,715,596$0$0$2,015,854
81$2,913,959$0$0$2,163,897
82$3,130,079$0$0$2,325,228
83$3,365,688$0$0$2,501,144
84$3,622,694$0$0$2,693,074
85$3,903,197$0$0$2,902,590
86$4,209,507$0$0$3,131,423
87$4,544,168$0$0$3,381,480
88$4,909,981$0$0$3,654,858
89$5,310,030$0$0$3,953,868
90$5,747,710$0$0$4,281,052
91$6,226,759$0$0$4,639,211
92$6,751,293$0$0$5,031,430
93$7,325,847$0$0$5,461,104
94$7,955,411$0$0$5,931,973
95$8,645,484$0$0$6,448,158
96$9,402,121$0$0$7,014,193
97$10,231,992$0$0$7,635,076
98$11,142,441$0$0$8,316,311
99$12,141,559$0$0$9,063,958
100$13,238,259$0$0$9,884,697