Can I retire at age 54 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$49,547$49,106$48,676$48,255$47,845$47,543
2 years$24,528$24,072$23,629$23,200$22,783$22,479
3 years$16,190$15,731$15,289$14,864$14,455$14,157
4 years$12,021$11,564$11,127$10,709$10,309$10,021
5 years$9,521$9,066$8,635$8,225$7,837$7,559
6 years$7,855$7,403$6,978$6,578$6,201$5,933
7 years$6,665$6,217$5,799$5,408$5,043$4,785
8 years$5,773$5,329$4,918$4,537$4,184$3,937
9 years$5,079$4,640$4,236$3,864$3,523$3,286
10 years$4,525$4,090$3,693$3,331$3,002$2,775
11 years$4,072$3,641$3,251$2,899$2,582$2,365
12 years$3,694$3,268$2,885$2,543$2,237$2,031
13 years$3,375$2,953$2,578$2,245$1,951$1,754
14 years$3,102$2,685$2,316$1,993$1,710$1,523
15 years$2,865$2,452$2,091$1,777$1,506$1,328
16 years$2,658$2,250$1,896$1,591$1,331$1,162
17 years$2,476$2,072$1,725$1,430$1,180$1,019
18 years$2,314$1,915$1,575$1,289$1,049$897
19 years$2,169$1,775$1,442$1,164$935$791
20 years$2,039$1,649$1,323$1,054$835$699
21 years$1,922$1,536$1,217$957$748$619
22 years$1,815$1,434$1,122$870$670$549
23 years$1,718$1,341$1,036$792$601$487
24 years$1,629$1,256$958$723$541$433
25 years$1,547$1,179$887$660$486$385
26 years$1,472$1,108$823$604$438$343
27 years$1,402$1,043$764$552$395$305
28 years$1,337$983$710$506$356$272
29 years$1,277$927$661$464$322$243
30 years$1,221$876$616$426$291$217
31 years$1,169$828$574$391$263$194
32 years$1,120$783$536$360$238$173
33 years$1,075$742$500$331$215$155
34 years$1,032$703$467$304$195$138
35 years$991$667$437$280$177$124
36 years$953$633$409$258$160$111
37 years$917$601$382$238$145$99
38 years$883$571$358$219$131$89
39 years$851$543$336$202$119$79
40 years$820$517$315$186$108$71
41 years$791$492$295$172$98$64
42 years$764$468$277$159$89$57
43 years$738$446$260$146$81$51
44 years$713$425$244$135$73$46
45 years$689$406$229$125$67$41
46 years$667$387$215$115$60$37
47 years$645$369$202$107$55$33
48 years$624$353$190$98$50$30
49 years$605$337$178$91$45$27
50 years$586$322$168$84$41$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $600,000, adding $6,186 every year, while hoping to spend $46,969 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: 63/13/24 Blend
53$600,000$600,000$600,000$600,000
54$667,581$635,781$626,481$705,066
55$685,699$616,959$597,493$712,322
56$704,092$595,642$565,960$714,487
57$722,737$571,655$531,748$715,802
58$741,608$544,819$494,713$716,189
59$760,677$514,940$454,711$715,567
60$779,909$481,814$411,587$713,845
61$799,264$445,228$365,179$710,927
62$818,697$404,952$315,321$706,709
63$838,156$360,747$261,836$701,078
64$857,583$312,358$204,543$693,914
65$876,910$259,518$143,248$685,086
66$896,062$201,941$77,754$674,455
67$914,953$139,329$7,852$661,867
68$933,487$71,365$0$647,160
69$951,556$0$0$647,249
70$969,038$0$0$648,434
71$985,796$0$0$659,302
72$1,001,677$0$0$669,538
73$1,016,512$0$0$679,021
74$1,030,108$0$0$687,620
75$1,042,254$0$0$695,184
76$1,052,711$0$0$701,549
77$1,061,216$0$0$706,531
78$1,067,474$0$0$709,923
79$1,071,157$0$0$711,498
80$1,071,903$0$0$711,002
81$1,069,306$0$0$708,154
82$1,062,918$0$0$702,642
83$1,052,242$0$0$694,118
84$1,036,726$0$0$682,199
85$1,015,757$0$0$666,458
86$988,659$0$0$646,424
87$954,678$0$0$621,574
88$912,985$0$0$591,330
89$862,659$0$0$555,051
90$802,680$0$0$512,028
91$731,923$0$0$461,479
92$649,140$0$0$402,537
93$552,955$0$0$334,243
94$441,842$0$0$255,538
95$314,120$0$0$165,252
96$167,927$0$0$62,092
97$1,208$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0