Can I retire at age 54 with 576,000?

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 $576,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$47,566$47,142$46,728$46,325$45,931$45,414
2 years$23,547$23,109$22,684$22,272$21,872$21,351
3 years$15,542$15,102$14,678$14,270$13,876$13,368
4 years$11,541$11,101$10,682$10,280$9,897$9,405
5 years$9,140$8,704$8,289$7,896$7,523$7,050
6 years$7,540$7,107$6,699$6,315$5,953$5,498
7 years$6,398$5,969$5,567$5,192$4,841$4,405
8 years$5,542$5,116$4,721$4,355$4,016$3,599
9 years$4,876$4,455$4,066$3,710$3,382$2,984
10 years$4,344$3,926$3,545$3,198$2,882$2,502
11 years$3,909$3,496$3,121$2,783$2,479$2,116
12 years$3,546$3,137$2,770$2,441$2,148$1,803
13 years$3,240$2,835$2,475$2,155$1,873$1,546
14 years$2,978$2,577$2,224$1,913$1,642$1,331
15 years$2,750$2,354$2,008$1,706$1,446$1,151
16 years$2,552$2,160$1,820$1,528$1,278$999
17 years$2,377$1,989$1,656$1,373$1,133$869
18 years$2,221$1,838$1,512$1,237$1,007$759
19 years$2,083$1,704$1,384$1,118$898$663
20 years$1,958$1,583$1,270$1,012$802$581
21 years$1,845$1,475$1,168$919$718$510
22 years$1,742$1,376$1,077$835$643$448
23 years$1,649$1,287$994$761$577$394
24 years$1,564$1,206$920$694$519$347
25 years$1,485$1,132$852$634$467$306
26 years$1,413$1,064$790$579$421$270
27 years$1,346$1,001$734$530$379$238
28 years$1,284$943$682$486$342$210
29 years$1,226$890$635$446$309$186
30 years$1,172$841$591$409$279$164
31 years$1,122$795$551$376$252$145
32 years$1,075$752$514$345$228$129
33 years$1,032$712$480$317$207$114
34 years$990$675$449$292$187$101
35 years$951$640$419$269$169$89
36 years$915$608$392$248$154$79
37 years$880$577$367$228$139$70
38 years$848$548$344$210$126$62
39 years$817$521$322$194$114$55
40 years$787$496$302$179$104$49
41 years$760$472$283$165$94$43
42 years$733$450$266$152$85$38
43 years$708$429$249$141$78$34
44 years$684$408$234$130$70$30
45 years$662$390$220$120$64$27
46 years$640$372$206$111$58$24
47 years$619$355$194$102$53$21
48 years$599$339$182$95$48$19
49 years$580$323$171$87$43$17
50 years$562$309$161$81$39$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $576,000, adding $3,791 every year, while hoping to spend $45,212 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: 58/24/18 Blend
53$576,000$576,000$576,000$576,000
54$638,662$608,134$599,206$672,481
55$655,701$589,828$571,175$677,550
56$672,962$569,109$540,688$677,812
57$690,420$545,812$507,618$677,073
58$708,047$519,760$471,827$675,247
59$725,809$490,770$433,175$672,238
60$743,667$458,643$391,511$667,946
61$761,577$423,173$346,683$662,260
62$779,489$384,139$298,528$655,064
63$797,345$341,310$246,877$646,230
64$815,081$294,440$191,553$635,623
65$832,622$243,271$132,373$623,098
66$849,886$187,528$69,144$608,495
67$866,779$126,922$1,666$591,645
68$883,198$61,148$0$572,366
69$899,023$0$0$563,972
70$914,123$0$0$556,630
71$928,350$0$0$564,853
72$941,539$0$0$572,385
73$953,507$0$0$579,108
74$964,047$0$0$584,889
75$972,930$0$0$589,581
76$979,902$0$0$593,021
77$984,679$0$0$595,025
78$986,945$0$0$595,392
79$986,350$0$0$593,895
80$982,504$0$0$590,286
81$974,976$0$0$584,287
82$963,285$0$0$575,591
83$946,902$0$0$563,856
84$925,236$0$0$548,705
85$897,636$0$0$529,720
86$863,378$0$0$506,437
87$821,663$0$0$478,344
88$771,604$0$0$444,874
89$712,223$0$0$405,398
90$642,435$0$0$359,223
91$561,042$0$0$305,581
92$466,719$0$0$243,623
93$358,002$0$0$172,413
94$233,270$0$0$90,913
95$90,738$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0