Can I retire at age 54 with 604,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $604,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$49,878$49,433$49,000$48,577$48,164$47,038
2 years$24,692$24,232$23,786$23,354$22,935$21,807
3 years$16,298$15,836$15,391$14,963$14,551$13,456
4 years$12,102$11,641$11,201$10,780$10,378$9,325
5 years$9,584$9,127$8,692$8,280$7,889$6,880
6 years$7,907$7,453$7,025$6,622$6,242$5,279
7 years$6,709$6,259$5,838$5,444$5,077$4,159
8 years$5,811$5,365$4,951$4,567$4,212$3,340
9 years$5,113$4,671$4,264$3,890$3,547$2,720
10 years$4,555$4,117$3,718$3,353$3,022$2,239
11 years$4,099$3,665$3,273$2,918$2,599$1,859
12 years$3,719$3,290$2,905$2,560$2,252$1,553
13 years$3,398$2,973$2,595$2,260$1,964$1,305
14 years$3,122$2,702$2,332$2,006$1,722$1,102
15 years$2,884$2,469$2,105$1,789$1,516$933
16 years$2,676$2,265$1,909$1,602$1,340$793
17 years$2,492$2,086$1,737$1,439$1,188$676
18 years$2,329$1,928$1,585$1,297$1,056$577
19 years$2,184$1,786$1,451$1,172$941$493
20 years$2,053$1,660$1,332$1,062$841$423
21 years$1,934$1,546$1,225$963$753$362
22 years$1,827$1,443$1,129$876$675$311
23 years$1,729$1,350$1,043$798$606$267
24 years$1,640$1,265$964$728$544$230
25 years$1,557$1,187$893$664$490$198
26 years$1,481$1,116$828$608$441$170
27 years$1,411$1,050$769$556$398$147
28 years$1,346$989$715$510$359$127
29 years$1,286$933$665$467$324$109
30 years$1,229$881$620$429$293$94
31 years$1,177$833$578$394$265$81
32 years$1,128$788$539$362$239$70
33 years$1,082$747$503$333$217$61
34 years$1,038$708$470$306$196$52
35 years$998$671$440$282$178$45
36 years$959$637$411$260$161$39
37 years$923$605$385$239$146$34
38 years$889$575$361$220$132$29
39 years$856$547$338$203$120$25
40 years$826$520$317$188$109$22
41 years$797$495$297$173$99$19
42 years$769$472$278$160$90$16
43 years$743$449$261$147$81$14
44 years$718$428$245$136$74$12
45 years$694$408$230$126$67$10
46 years$671$390$216$116$61$9
47 years$649$372$203$107$55$8
48 years$629$355$191$99$50$7
49 years$609$339$180$92$46$6
50 years$590$324$169$85$41$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $604,000, adding $2,350 every year, while hoping to spend $33,116 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: 85/7/8 Blend
53$604,000$604,000$604,000$604,000
54$668,032$636,020$626,658$724,036
55$700,936$631,950$612,416$756,876
56$736,087$626,570$596,587$788,200
57$773,677$619,782$579,082$821,572
58$813,922$611,481$559,811$857,176
59$857,053$601,554$538,676$895,213
60$903,326$589,885$515,576$935,908
61$953,024$576,348$490,406$979,505
62$1,006,454$560,810$463,056$1,026,274
63$1,063,955$543,132$433,411$1,076,514
64$1,125,898$523,166$401,350$1,130,552
65$1,192,693$500,754$366,748$1,188,748
66$1,264,787$475,730$329,473$1,251,499
67$1,342,673$447,919$289,389$1,319,244
68$1,426,893$417,135$246,351$1,392,464
69$1,518,043$383,181$200,210$1,471,690
70$1,616,777$345,850$150,811$1,557,507
71$1,723,814$304,923$97,989$1,650,560
72$1,839,946$260,167$41,574$1,751,559
73$1,966,043$211,337$0$1,861,287
74$2,103,062$158,176$0$1,982,196
75$2,252,056$100,408$0$2,117,538
76$2,414,184$37,746$0$2,264,822
77$2,590,720$0$0$2,425,222
78$2,783,067$0$0$2,602,347
79$2,992,768$0$0$2,798,631
80$3,221,522$0$0$3,012,757
81$3,471,200$0$0$3,246,477
82$3,743,858$0$0$3,501,719
83$4,041,763$0$0$3,780,605
84$4,367,410$0$0$4,085,470
85$4,723,544$0$0$4,418,889
86$5,113,190$0$0$4,783,692
87$5,539,677$0$0$5,182,998
88$6,006,671$0$0$5,620,242
89$6,518,209$0$0$6,099,205
90$7,078,739$0$0$6,624,051
91$7,693,157$0$0$7,199,368
92$8,366,855$0$0$7,830,206
93$9,105,773$0$0$8,522,130
94$9,916,455$0$0$9,281,267
95$10,806,106$0$0$10,114,368
96$11,782,664$0$0$11,028,866
97$12,854,872$0$0$12,032,953
98$14,032,362$0$0$13,135,650
99$15,325,744$0$0$14,346,894
100$16,746,707$0$0$15,677,636