Can I retire at age 54 with 604,000?

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 $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%16.9%
1 years$49,878$49,433$49,000$48,577$48,164$46,810
2 years$24,692$24,232$23,786$23,354$22,935$21,581
3 years$16,298$15,836$15,391$14,963$14,551$13,240
4 years$12,102$11,641$11,201$10,780$10,378$9,119
5 years$9,584$9,127$8,692$8,280$7,889$6,687
6 years$7,907$7,453$7,025$6,622$6,242$5,097
7 years$6,709$6,259$5,838$5,444$5,077$3,989
8 years$5,811$5,365$4,951$4,567$4,212$3,180
9 years$5,113$4,671$4,264$3,890$3,547$2,571
10 years$4,555$4,117$3,718$3,353$3,022$2,101
11 years$4,099$3,665$3,273$2,918$2,599$1,731
12 years$3,719$3,290$2,905$2,560$2,252$1,435
13 years$3,398$2,973$2,595$2,260$1,964$1,196
14 years$3,122$2,702$2,332$2,006$1,722$1,001
15 years$2,884$2,469$2,105$1,789$1,516$841
16 years$2,676$2,265$1,909$1,602$1,340$709
17 years$2,492$2,086$1,737$1,439$1,188$598
18 years$2,329$1,928$1,585$1,297$1,056$506
19 years$2,184$1,786$1,451$1,172$941$429
20 years$2,053$1,660$1,332$1,062$841$364
21 years$1,934$1,546$1,225$963$753$310
22 years$1,827$1,443$1,129$876$675$263
23 years$1,729$1,350$1,043$798$606$224
24 years$1,640$1,265$964$728$544$191
25 years$1,557$1,187$893$664$490$163
26 years$1,481$1,116$828$608$441$139
27 years$1,411$1,050$769$556$398$118
28 years$1,346$989$715$510$359$101
29 years$1,286$933$665$467$324$86
30 years$1,229$881$620$429$293$74
31 years$1,177$833$578$394$265$63
32 years$1,128$788$539$362$239$54
33 years$1,082$747$503$333$217$46
34 years$1,038$708$470$306$196$39
35 years$998$671$440$282$178$34
36 years$959$637$411$260$161$29
37 years$923$605$385$239$146$25
38 years$889$575$361$220$132$21
39 years$856$547$338$203$120$18
40 years$826$520$317$188$109$15
41 years$797$495$297$173$99$13
42 years$769$472$278$160$90$11
43 years$743$449$261$147$81$10
44 years$718$428$245$136$74$8
45 years$694$408$230$126$67$7
46 years$671$390$216$116$61$6
47 years$649$372$203$107$55$5
48 years$629$355$191$99$50$4
49 years$609$339$180$92$46$4
50 years$590$324$169$85$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $604,000, adding $6,655 every year, while hoping to spend $32,782 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: 80/8/12 Blend
53$604,000$604,000$604,000$604,000
54$672,473$640,461$631,099$724,254
55$706,185$636,963$617,361$755,715
56$742,237$632,196$602,064$785,300
57$780,834$626,062$585,121$816,812
58$822,198$618,458$566,442$850,429
59$866,575$609,276$545,931$886,345
60$914,236$598,400$523,489$924,778
61$965,474$585,708$499,012$965,964
62$1,020,616$571,071$472,392$1,010,165
63$1,080,016$554,351$443,515$1,057,671
64$1,144,068$535,404$412,263$1,108,799
65$1,213,200$514,076$378,511$1,163,900
66$1,287,885$490,205$342,130$1,223,362
67$1,368,643$463,619$302,985$1,287,610
68$1,456,045$434,136$260,935$1,357,117
69$1,550,716$401,563$215,831$1,432,400
70$1,653,349$365,699$167,521$1,514,031
71$1,764,700$326,328$115,843$1,602,642
72$1,885,604$283,223$60,628$1,698,927
73$2,016,979$236,145$1,703$1,803,656
74$2,159,835$184,839$0$1,917,672
75$2,315,281$129,039$0$2,049,744
76$2,484,539$68,462$0$2,193,808
77$2,668,954$2,809$0$2,350,806
78$2,870,006$0$0$2,522,017
79$3,089,323$0$0$2,714,854
80$3,328,698$0$0$2,925,613
81$3,590,103$0$0$3,155,785
82$3,875,711$0$0$3,407,285
83$4,187,912$0$0$3,682,221
84$4,529,339$0$0$3,982,914
85$4,902,891$0$0$4,311,918
86$5,311,760$0$0$4,672,046
87$5,759,459$0$0$5,066,398
88$6,249,860$0$0$5,498,384
89$6,787,224$0$0$5,971,763
90$7,376,246$0$0$6,490,671
91$8,022,094$0$0$7,059,665
92$8,730,464$0$0$7,683,766
93$9,507,625$0$0$8,368,502
94$10,360,487$0$0$9,119,963
95$11,296,658$0$0$9,944,855
96$12,324,519$0$0$10,850,568
97$13,453,304$0$0$11,845,240
98$14,693,183$0$0$12,937,839
99$16,055,360$0$0$14,138,240
100$17,552,179$0$0$15,457,327