Can I retire at age 54 with 575,000?

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 $575,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$47,483$47,060$46,647$46,245$45,851$45,036
2 years$23,506$23,069$22,644$22,233$21,834$21,015
3 years$15,515$15,076$14,652$14,245$13,852$13,056
4 years$11,520$11,082$10,663$10,263$9,880$9,112
5 years$9,124$8,689$8,275$7,883$7,510$6,773
6 years$7,527$7,095$6,687$6,304$5,943$5,237
7 years$6,387$5,958$5,557$5,183$4,833$4,158
8 years$5,532$5,107$4,713$4,348$4,009$3,366
9 years$4,868$4,447$4,059$3,703$3,377$2,764
10 years$4,336$3,920$3,539$3,192$2,877$2,295
11 years$3,902$3,489$3,116$2,778$2,474$1,922
12 years$3,540$3,132$2,765$2,437$2,144$1,621
13 years$3,234$2,830$2,470$2,151$1,870$1,375
14 years$2,973$2,573$2,220$1,910$1,639$1,172
15 years$2,746$2,350$2,004$1,703$1,443$1,002
16 years$2,547$2,156$1,817$1,525$1,275$860
17 years$2,373$1,986$1,653$1,370$1,131$740
18 years$2,218$1,835$1,509$1,235$1,006$638
19 years$2,079$1,701$1,382$1,116$896$552
20 years$1,954$1,580$1,268$1,011$801$478
21 years$1,842$1,472$1,166$917$716$414
22 years$1,739$1,374$1,075$834$642$359
23 years$1,646$1,285$993$759$576$312
24 years$1,561$1,204$918$693$518$271
25 years$1,482$1,130$850$633$466$236
26 years$1,410$1,062$789$578$420$206
27 years$1,343$999$732$529$379$179
28 years$1,282$942$681$485$342$156
29 years$1,224$888$633$445$308$136
30 years$1,170$839$590$408$279$119
31 years$1,120$793$550$375$252$104
32 years$1,074$751$513$345$228$91
33 years$1,030$711$479$317$206$79
34 years$989$674$448$292$187$69
35 years$950$639$419$268$169$60
36 years$913$606$392$247$153$53
37 years$879$576$367$228$139$46
38 years$846$547$343$210$126$40
39 years$815$521$322$194$114$35
40 years$786$495$301$179$104$31
41 years$758$471$283$165$94$27
42 years$732$449$265$152$85$24
43 years$707$428$249$140$77$21
44 years$683$408$234$130$70$18
45 years$660$389$219$120$64$16
46 years$639$371$206$111$58$14
47 years$618$354$193$102$53$12
48 years$598$338$182$94$48$11
49 years$579$323$171$87$43$9
50 years$561$308$161$81$39$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $575,000, adding $5,726 every year, while hoping to spend $41,447 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: 67/7/26 Blend
53$575,000$575,000$575,000$575,000
54$639,556$609,081$600,169$677,731
55$660,692$594,827$576,175$689,867
56$682,594$578,485$549,989$697,913
57$705,297$559,910$521,492$705,770
58$728,838$538,946$490,563$713,420
59$753,256$515,430$457,073$720,845
60$778,591$489,190$420,888$728,028
61$804,889$460,042$381,869$734,950
62$832,196$427,792$339,870$741,592
63$860,562$392,236$294,738$747,937
64$890,041$353,157$246,313$753,964
65$920,691$310,327$194,430$759,655
66$952,573$263,505$138,915$764,992
67$985,753$212,434$79,586$769,954
68$1,020,301$156,845$16,254$774,525
69$1,056,295$96,453$0$778,687
70$1,093,815$30,958$0$796,663
71$1,132,951$0$0$819,935
72$1,173,797$0$0$847,111
73$1,216,456$0$0$877,992
74$1,261,038$0$0$910,274
75$1,307,663$0$0$944,044
76$1,356,461$0$0$979,398
77$1,407,573$0$0$1,016,438
78$1,461,149$0$0$1,055,276
79$1,517,355$0$0$1,096,034
80$1,576,370$0$0$1,138,842
81$1,638,388$0$0$1,183,843
82$1,703,621$0$0$1,231,193
83$1,772,298$0$0$1,281,060
84$1,844,670$0$0$1,333,629
85$1,921,009$0$0$1,389,100
86$2,001,613$0$0$1,447,691
87$2,086,805$0$0$1,509,641
88$2,176,939$0$0$1,575,210
89$2,272,401$0$0$1,644,682
90$2,373,612$0$0$1,718,367
91$2,481,034$0$0$1,796,605
92$2,595,170$0$0$1,879,766
93$2,716,572$0$0$1,968,257
94$2,845,843$0$0$2,062,522
95$2,983,644$0$0$2,163,047
96$3,130,697$0$0$2,270,365
97$3,287,795$0$0$2,385,060
98$3,455,806$0$0$2,507,773
99$3,635,684$0$0$2,639,204
100$3,828,471$0$0$2,780,124