Can I retire at age 54 with 573,000?

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 $573,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$47,318$46,896$46,485$46,084$45,692$44,176
2 years$23,425$22,988$22,566$22,156$21,758$20,246
3 years$15,461$15,023$14,601$14,195$13,804$12,343
4 years$11,480$11,044$10,626$10,227$9,845$8,446
5 years$9,093$8,658$8,246$7,855$7,484$6,151
6 years$7,501$7,070$6,664$6,282$5,922$4,655
7 years$6,365$5,938$5,538$5,165$4,816$3,616
8 years$5,513$5,090$4,697$4,333$3,995$2,861
9 years$4,851$4,431$4,045$3,690$3,365$2,295
10 years$4,321$3,906$3,527$3,181$2,867$1,860
11 years$3,888$3,477$3,105$2,769$2,466$1,519
12 years$3,528$3,121$2,755$2,428$2,137$1,249
13 years$3,223$2,821$2,462$2,144$1,863$1,032
14 years$2,962$2,564$2,212$1,903$1,633$856
15 years$2,736$2,342$1,997$1,697$1,438$713
16 years$2,539$2,149$1,811$1,520$1,271$595
17 years$2,364$1,979$1,648$1,365$1,127$498
18 years$2,210$1,829$1,504$1,231$1,002$417
19 years$2,072$1,695$1,377$1,112$893$350
20 years$1,947$1,575$1,264$1,007$798$294
21 years$1,835$1,467$1,162$914$714$247
22 years$1,733$1,369$1,071$831$640$208
23 years$1,640$1,281$989$757$574$176
24 years$1,555$1,200$915$690$516$148
25 years$1,477$1,126$847$630$465$125
26 years$1,405$1,058$786$576$418$105
27 years$1,339$996$730$528$377$89
28 years$1,277$939$678$483$340$75
29 years$1,220$885$631$443$307$63
30 years$1,166$836$588$407$278$54
31 years$1,117$790$548$374$251$45
32 years$1,070$748$511$343$227$38
33 years$1,026$708$478$316$206$32
34 years$985$671$446$291$186$27
35 years$946$637$417$267$169$23
36 years$910$604$390$246$153$20
37 years$876$574$365$227$138$17
38 years$843$545$342$209$126$14
39 years$813$519$320$193$114$12
40 years$783$494$300$178$103$10
41 years$756$470$282$164$94$8
42 years$730$447$264$151$85$7
43 years$705$426$248$140$77$6
44 years$681$406$233$129$70$5
45 years$658$387$219$119$64$4
46 years$637$370$205$110$58$4
47 years$616$353$193$102$52$3
48 years$596$337$181$94$48$3
49 years$577$322$170$87$43$2
50 years$559$307$160$80$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $573,000, adding $5,922 every year, while hoping to spend $40,033 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: 32/42/26 Blend
53$573,000$573,000$573,000$573,000
54$637,555$607,186$598,304$652,733
55$659,990$594,343$575,752$651,943
56$683,373$579,529$551,104$647,122
57$707,756$562,605$524,245$641,132
58$733,199$543,425$495,059$633,900
59$759,765$521,832$463,423$625,345
60$787,521$497,662$429,208$615,384
61$816,542$470,741$392,280$603,931
62$846,907$440,885$352,499$590,896
63$878,701$407,899$309,718$576,182
64$912,020$371,576$263,784$559,692
65$946,963$331,701$214,538$541,323
66$983,640$288,041$161,812$520,967
67$1,022,172$240,356$105,433$498,513
68$1,062,687$188,387$45,219$473,844
69$1,105,326$131,863$0$446,839
70$1,150,244$70,498$0$422,657
71$1,197,606$3,990$0$409,615
72$1,247,596$0$0$395,079
73$1,300,411$0$0$410,388
74$1,356,269$0$0$428,568
75$1,415,406$0$0$447,856
76$1,478,079$0$0$468,342
77$1,544,572$0$0$490,124
78$1,615,193$0$0$513,309
79$1,690,278$0$0$538,015
80$1,770,198$0$0$564,369
81$1,855,357$0$0$592,514
82$1,946,196$0$0$622,602
83$2,043,201$0$0$654,803
84$2,146,903$0$0$689,303
85$2,257,885$0$0$726,304
86$2,376,785$0$0$766,031
87$2,504,303$0$0$808,727
88$2,641,209$0$0$854,662
89$2,788,344$0$0$904,131
90$2,946,637$0$0$957,458
91$3,117,102$0$0$1,014,999
92$3,300,857$0$0$1,077,145
93$3,499,128$0$0$1,144,327
94$3,713,263$0$0$1,217,017
95$3,944,742$0$0$1,295,735
96$4,195,192$0$0$1,381,050
97$4,466,404$0$0$1,473,592
98$4,760,343$0$0$1,574,052
99$5,079,172$0$0$1,683,188
100$5,425,270$0$0$1,801,836