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%16.8%
1 years$47,483$47,060$46,647$46,245$45,851$44,580
2 years$23,506$23,069$22,644$22,233$21,834$20,563
3 years$15,515$15,076$14,652$14,245$13,852$12,621
4 years$11,520$11,082$10,663$10,263$9,880$8,697
5 years$9,124$8,689$8,275$7,883$7,510$6,381
6 years$7,527$7,095$6,687$6,304$5,943$4,867
7 years$6,387$5,958$5,557$5,183$4,833$3,810
8 years$5,532$5,107$4,713$4,348$4,009$3,040
9 years$4,868$4,447$4,059$3,703$3,377$2,459
10 years$4,336$3,920$3,539$3,192$2,877$2,010
11 years$3,902$3,489$3,116$2,778$2,474$1,657
12 years$3,540$3,132$2,765$2,437$2,144$1,375
13 years$3,234$2,830$2,470$2,151$1,870$1,147
14 years$2,973$2,573$2,220$1,910$1,639$961
15 years$2,746$2,350$2,004$1,703$1,443$808
16 years$2,547$2,156$1,817$1,525$1,275$681
17 years$2,373$1,986$1,653$1,370$1,131$576
18 years$2,218$1,835$1,509$1,235$1,006$487
19 years$2,079$1,701$1,382$1,116$896$413
20 years$1,954$1,580$1,268$1,011$801$351
21 years$1,842$1,472$1,166$917$716$299
22 years$1,739$1,374$1,075$834$642$254
23 years$1,646$1,285$993$759$576$217
24 years$1,561$1,204$918$693$518$185
25 years$1,482$1,130$850$633$466$158
26 years$1,410$1,062$789$578$420$134
27 years$1,343$999$732$529$379$115
28 years$1,282$942$681$485$342$98
29 years$1,224$888$633$445$308$84
30 years$1,170$839$590$408$279$72
31 years$1,120$793$550$375$252$61
32 years$1,074$751$513$345$228$52
33 years$1,030$711$479$317$206$45
34 years$989$674$448$292$187$38
35 years$950$639$419$268$169$33
36 years$913$606$392$247$153$28
37 years$879$576$367$228$139$24
38 years$846$547$343$210$126$21
39 years$815$521$322$194$114$18
40 years$786$495$301$179$104$15
41 years$758$471$283$165$94$13
42 years$732$449$265$152$85$11
43 years$707$428$249$140$77$9
44 years$683$408$234$130$70$8
45 years$660$389$219$120$64$7
46 years$639$371$206$111$58$6
47 years$618$354$193$102$53$5
48 years$598$338$182$94$48$4
49 years$579$323$171$87$43$4
50 years$561$308$161$81$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $575,000, adding $2,326 every year, while hoping to spend $44,753 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: 68/18/14 Blend
53$575,000$575,000$575,000$575,000
54$636,049$605,574$596,662$677,107
55$653,309$587,631$569,033$686,800
56$670,830$567,308$538,979$691,868
57$688,591$544,442$506,371$696,269
58$706,567$518,860$471,074$699,935
59$724,731$490,378$432,949$702,788
60$743,050$458,802$391,849$704,747
61$761,485$423,928$347,620$705,723
62$779,994$385,538$300,103$705,618
63$798,528$343,403$249,131$704,330
64$817,029$297,282$194,528$701,745
65$835,435$246,917$136,114$697,740
66$853,673$192,040$73,697$692,183
67$871,662$132,364$7,080$684,931
68$889,309$67,587$0$675,827
69$906,511$0$0$674,266
70$923,152$0$0$672,769
71$939,103$0$0$684,123
72$954,217$0$0$694,831
73$968,331$0$0$704,771
74$981,263$0$0$713,805
75$992,811$0$0$721,781
76$1,002,747$0$0$728,528
77$1,010,820$0$0$733,856
78$1,016,749$0$0$737,555
79$1,020,222$0$0$739,391
80$1,020,892$0$0$739,101
81$1,018,373$0$0$736,397
82$1,012,237$0$0$730,957
83$1,002,011$0$0$722,425
84$987,167$0$0$710,406
85$967,121$0$0$694,461
86$941,228$0$0$674,104
87$908,771$0$0$648,799
88$868,957$0$0$617,950
89$820,908$0$0$580,897
90$763,652$0$0$536,913
91$696,114$0$0$485,190
92$617,107$0$0$424,837
93$525,316$0$0$354,868
94$419,288$0$0$274,193
95$297,418$0$0$181,608
96$157,931$0$0$75,782
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0