Can I retire at age 54 with 599,000?

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 $599,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$49,465$49,024$48,594$48,175$47,765$46,591
2 years$24,488$24,031$23,590$23,161$22,745$21,570
3 years$16,163$15,705$15,264$14,839$14,431$13,291
4 years$12,001$11,545$11,108$10,691$10,292$9,196
5 years$9,505$9,051$8,620$8,212$7,824$6,775
6 years$7,841$7,391$6,967$6,567$6,191$5,190
7 years$6,654$6,207$5,789$5,399$5,035$4,082
8 years$5,763$5,320$4,910$4,529$4,177$3,272
9 years$5,071$4,632$4,229$3,858$3,517$2,660
10 years$4,517$4,083$3,687$3,325$2,997$2,185
11 years$4,065$3,635$3,246$2,894$2,578$1,811
12 years$3,688$3,263$2,881$2,539$2,234$1,510
13 years$3,369$2,949$2,574$2,241$1,948$1,267
14 years$3,097$2,680$2,312$1,989$1,707$1,067
15 years$2,860$2,448$2,088$1,774$1,503$902
16 years$2,654$2,246$1,893$1,589$1,329$765
17 years$2,472$2,069$1,722$1,427$1,178$650
18 years$2,310$1,912$1,572$1,286$1,047$554
19 years$2,166$1,772$1,439$1,162$934$473
20 years$2,036$1,646$1,321$1,053$834$404
21 years$1,918$1,533$1,215$955$746$346
22 years$1,812$1,431$1,120$869$669$296
23 years$1,715$1,339$1,034$791$600$254
24 years$1,626$1,254$956$722$540$218
25 years$1,544$1,177$886$659$486$187
26 years$1,469$1,106$821$603$437$161
27 years$1,400$1,041$763$552$394$138
28 years$1,335$981$709$505$356$119
29 years$1,275$926$660$463$321$102
30 years$1,219$874$615$425$290$88
31 years$1,167$826$573$391$263$76
32 years$1,118$782$535$359$237$65
33 years$1,073$740$499$330$215$56
34 years$1,030$702$466$304$195$48
35 years$989$666$436$280$176$42
36 years$951$632$408$257$160$36
37 years$915$600$382$237$145$31
38 years$881$570$358$219$131$27
39 years$849$542$335$202$119$23
40 years$819$516$314$186$108$20
41 years$790$491$294$172$98$17
42 years$763$468$276$158$89$15
43 years$737$446$259$146$81$13
44 years$712$425$243$135$73$11
45 years$688$405$228$125$66$9
46 years$665$386$215$115$60$8
47 years$644$369$202$106$55$7
48 years$623$352$189$98$50$6
49 years$604$336$178$91$45$5
50 years$585$321$167$84$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $599,000, adding $6,897 every year, while hoping to spend $41,849 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: 44/31/25 Blend
53$599,000$599,000$599,000$599,000
54$667,212$635,465$626,181$691,467
55$690,741$622,076$602,631$695,972
56$715,267$606,628$576,889$696,285
57$740,848$588,977$548,839$695,800
58$767,545$568,968$518,356$694,465
59$795,427$546,439$485,313$692,226
60$824,564$521,218$449,575$689,028
61$855,036$493,124$411,002$684,813
62$886,927$461,964$369,447$679,522
63$920,327$427,534$324,758$673,093
64$955,337$389,620$276,773$665,464
65$992,063$347,994$225,327$656,571
66$1,030,624$302,415$170,246$646,345
67$1,071,144$252,630$111,346$634,720
68$1,113,762$198,371$48,437$621,625
69$1,158,629$139,353$0$606,991
70$1,205,906$75,279$0$595,733
71$1,255,773$5,832$0$596,905
72$1,308,422$0$0$597,556
73$1,364,065$0$0$621,323
74$1,422,932$0$0$648,604
75$1,485,275$0$0$677,530
76$1,551,369$0$0$708,235
77$1,621,515$0$0$740,861
78$1,696,040$0$0$775,568
79$1,775,305$0$0$812,527
80$1,859,702$0$0$851,929
81$1,949,662$0$0$893,980
82$2,045,657$0$0$938,907
83$2,148,203$0$0$986,960
84$2,257,865$0$0$1,038,412
85$2,375,266$0$0$1,093,561
86$2,501,085$0$0$1,152,736
87$2,636,069$0$0$1,216,298
88$2,781,038$0$0$1,284,641
89$2,936,890$0$0$1,358,200
90$3,104,613$0$0$1,437,451
91$3,285,291$0$0$1,522,919
92$3,480,114$0$0$1,615,178
93$3,690,390$0$0$1,714,861
94$3,917,556$0$0$1,822,661
95$4,163,193$0$0$1,939,344
96$4,429,034$0$0$2,065,747
97$4,716,989$0$0$2,202,794
98$5,029,155$0$0$2,351,499
99$5,367,840$0$0$2,512,979
100$5,735,581$0$0$2,688,461