Can I retire at age 54 with 567,000?

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 $567,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$46,822$46,405$45,998$45,601$45,213$43,575
2 years$23,179$22,748$22,329$21,924$21,530$19,897
3 years$15,299$14,866$14,449$14,047$13,660$12,084
4 years$11,360$10,928$10,515$10,120$9,742$8,235
5 years$8,997$8,568$8,160$7,773$7,406$5,972
6 years$7,423$6,996$6,594$6,216$5,860$4,500
7 years$6,298$5,875$5,480$5,111$4,766$3,480
8 years$5,455$5,036$4,647$4,287$3,954$2,740
9 years$4,800$4,385$4,003$3,652$3,330$2,187
10 years$4,276$3,865$3,490$3,148$2,837$1,764
11 years$3,848$3,441$3,072$2,740$2,440$1,433
12 years$3,491$3,088$2,727$2,403$2,114$1,172
13 years$3,189$2,791$2,436$2,121$1,844$963
14 years$2,931$2,537$2,189$1,883$1,616$795
15 years$2,708$2,318$1,976$1,679$1,423$658
16 years$2,512$2,126$1,792$1,504$1,258$546
17 years$2,340$1,958$1,630$1,351$1,115$454
18 years$2,187$1,809$1,488$1,218$992$378
19 years$2,050$1,677$1,363$1,100$884$315
20 years$1,927$1,558$1,250$996$789$263
21 years$1,816$1,452$1,150$904$706$220
22 years$1,715$1,355$1,060$822$633$184
23 years$1,623$1,267$979$749$568$154
24 years$1,539$1,187$905$683$511$129
25 years$1,462$1,114$838$624$460$108
26 years$1,391$1,047$778$570$414$91
27 years$1,325$986$722$522$373$76
28 years$1,264$929$671$478$337$64
29 years$1,207$876$625$439$304$54
30 years$1,154$827$582$403$275$45
31 years$1,105$782$542$370$249$38
32 years$1,059$740$506$340$225$32
33 years$1,015$701$473$312$203$27
34 years$975$664$442$287$184$22
35 years$937$630$413$265$167$19
36 years$901$598$386$244$151$16
37 years$867$568$361$225$137$13
38 years$834$540$338$207$124$11
39 years$804$513$317$191$113$9
40 years$775$488$297$176$102$8
41 years$748$465$279$162$93$7
42 years$722$443$261$150$84$6
43 years$697$422$245$138$76$5
44 years$674$402$230$128$69$4
45 years$651$383$216$118$63$3
46 years$630$366$203$109$57$3
47 years$610$349$191$101$52$2
48 years$590$333$179$93$47$2
49 years$571$318$169$86$43$2
50 years$554$304$158$79$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $567,000, adding $5,852 every year, while hoping to spend $42,074 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: 43/28/29 Blend
53$567,000$567,000$567,000$567,000
54$630,870$600,819$592,031$652,451
55$650,453$585,493$567,097$653,175
56$670,622$568,006$539,919$649,545
57$691,395$548,207$510,375$644,816
58$712,785$525,937$478,341$638,911
59$734,810$501,029$443,686$631,749
60$757,486$473,304$406,274$623,245
61$780,827$442,574$365,962$613,308
62$804,850$408,639$322,601$601,843
63$829,572$371,290$276,035$588,749
64$855,009$330,303$226,103$573,920
65$881,175$285,444$172,633$557,243
66$908,088$236,463$115,449$538,600
67$935,763$183,099$54,366$517,865
68$964,214$125,075$0$494,908
69$993,457$62,096$0$472,937
70$1,023,506$0$0$466,626
71$1,054,374$0$0$460,939
72$1,086,075$0$0$474,742
73$1,118,620$0$0$488,907
74$1,152,020$0$0$503,437
75$1,186,285$0$0$518,337
76$1,221,423$0$0$533,608
77$1,257,441$0$0$549,252
78$1,294,342$0$0$565,270
79$1,332,130$0$0$581,662
80$1,370,803$0$0$598,426
81$1,410,359$0$0$615,559
82$1,450,792$0$0$633,057
83$1,492,091$0$0$650,913
84$1,534,242$0$0$669,118
85$1,577,226$0$0$687,663
86$1,621,018$0$0$706,533
87$1,665,590$0$0$725,713
88$1,710,903$0$0$745,184
89$1,756,914$0$0$764,922
90$1,803,571$0$0$784,901
91$1,850,811$0$0$805,090
92$1,898,563$0$0$825,451
93$1,946,744$0$0$845,945
94$1,995,256$0$0$866,522
95$2,043,989$0$0$887,128
96$2,092,818$0$0$907,700
97$2,141,598$0$0$928,169
98$2,190,167$0$0$948,454
99$2,238,338$0$0$968,465
100$2,285,902$0$0$988,100