Can I retire at age 54 with 571,000?

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 $571,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$47,153$46,733$46,323$45,923$45,532$45,094
2 years$23,343$22,908$22,487$22,078$21,682$21,241
3 years$15,407$14,971$14,550$14,146$13,756$13,325
4 years$11,440$11,005$10,589$10,191$9,811$9,394
5 years$9,061$8,628$8,218$7,828$7,458$7,056
6 years$7,475$7,046$6,641$6,260$5,901$5,515
7 years$6,343$5,917$5,519$5,147$4,799$4,429
8 years$5,494$5,072$4,680$4,317$3,982$3,626
9 years$4,834$4,416$4,031$3,677$3,353$3,013
10 years$4,306$3,892$3,514$3,170$2,857$2,533
11 years$3,875$3,465$3,094$2,759$2,457$2,148
12 years$3,516$3,110$2,746$2,420$2,129$1,835
13 years$3,212$2,811$2,453$2,136$1,857$1,577
14 years$2,952$2,555$2,204$1,896$1,628$1,362
15 years$2,727$2,334$1,990$1,691$1,433$1,181
16 years$2,530$2,141$1,804$1,514$1,267$1,027
17 years$2,356$1,972$1,642$1,361$1,123$897
18 years$2,202$1,822$1,499$1,226$999$785
19 years$2,064$1,689$1,372$1,108$890$688
20 years$1,941$1,569$1,259$1,004$795$604
21 years$1,829$1,462$1,158$911$711$532
22 years$1,727$1,365$1,068$828$638$469
23 years$1,635$1,276$986$754$572$414
24 years$1,550$1,196$912$688$515$365
25 years$1,472$1,122$844$628$463$323
26 years$1,400$1,055$783$574$417$286
27 years$1,334$993$727$526$376$253
28 years$1,273$935$676$482$339$224
29 years$1,216$882$629$442$306$199
30 years$1,162$833$586$405$277$176
31 years$1,113$788$546$372$250$156
32 years$1,066$745$510$342$226$139
33 years$1,023$706$476$315$205$123
34 years$982$669$445$290$185$110
35 years$943$635$416$267$168$97
36 years$907$602$389$245$152$87
37 years$873$572$364$226$138$77
38 years$840$544$341$208$125$68
39 years$810$517$319$192$113$61
40 years$781$492$299$177$103$54
41 years$753$468$281$164$93$48
42 years$727$446$263$151$85$43
43 years$702$425$247$139$77$38
44 years$678$405$232$129$70$34
45 years$656$386$218$119$63$30
46 years$634$368$205$110$58$27
47 years$614$352$192$101$52$24
48 years$594$336$181$94$47$21
49 years$575$320$170$87$43$19
50 years$557$306$160$80$39$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $571,000, adding $4,773 every year, while hoping to spend $42,394 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: 60/20/20 Blend
53$571,000$571,000$571,000$571,000
54$634,165$603,902$595,052$668,624
55$653,743$588,387$569,879$676,997
56$673,897$570,690$542,442$681,050
57$694,642$550,660$512,621$684,513
58$715,990$528,137$480,288$687,338
59$737,956$502,952$445,314$689,470
60$760,555$474,923$407,558$690,853
61$783,799$443,862$366,879$691,426
62$807,703$409,568$323,126$691,125
63$832,279$371,827$276,142$689,882
64$857,541$330,417$225,762$687,626
65$883,502$285,098$171,817$684,279
66$910,173$235,622$114,126$679,760
67$937,566$181,723$52,505$673,982
68$965,692$123,121$0$666,855
69$994,560$59,522$0$661,108
70$1,024,179$0$0$665,952
71$1,054,557$0$0$672,172
72$1,085,700$0$0$691,973
73$1,117,612$0$0$712,257
74$1,150,295$0$0$733,026
75$1,183,751$0$0$754,280
76$1,217,978$0$0$776,015
77$1,252,970$0$0$798,229
78$1,288,721$0$0$820,915
79$1,325,218$0$0$844,065
80$1,362,447$0$0$867,667
81$1,400,389$0$0$891,709
82$1,439,018$0$0$916,172
83$1,478,304$0$0$941,036
84$1,518,212$0$0$966,276
85$1,558,698$0$0$991,862
86$1,599,710$0$0$1,017,759
87$1,641,190$0$0$1,043,926
88$1,683,067$0$0$1,070,316
89$1,725,261$0$0$1,096,876
90$1,767,681$0$0$1,123,542
91$1,810,221$0$0$1,150,244
92$1,852,760$0$0$1,176,900
93$1,895,162$0$0$1,203,420
94$1,937,271$0$0$1,229,698
95$1,978,914$0$0$1,255,618
96$2,019,890$0$0$1,281,048
97$2,059,979$0$0$1,305,838
98$2,098,930$0$0$1,329,821
99$2,136,463$0$0$1,352,811
100$2,172,261$0$0$1,374,597