Can I retire at age 54 with 605,000?

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 $605,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$49,960$49,515$49,081$48,657$48,244$47,269
2 years$24,733$24,272$23,826$23,393$22,973$21,996
3 years$16,325$15,862$15,417$14,988$14,575$13,625
4 years$12,122$11,660$11,220$10,798$10,395$9,480
5 years$9,600$9,142$8,707$8,294$7,902$7,025
6 years$7,920$7,465$7,036$6,633$6,253$5,414
7 years$6,720$6,269$5,847$5,453$5,085$4,284
8 years$5,821$5,374$4,959$4,575$4,219$3,456
9 years$5,122$4,679$4,271$3,896$3,553$2,828
10 years$4,563$4,124$3,724$3,359$3,027$2,340
11 years$4,106$3,672$3,278$2,923$2,603$1,952
12 years$3,725$3,295$2,909$2,564$2,256$1,640
13 years$3,403$2,978$2,599$2,264$1,967$1,385
14 years$3,128$2,707$2,336$2,009$1,725$1,176
15 years$2,889$2,473$2,109$1,792$1,518$1,002
16 years$2,680$2,269$1,912$1,605$1,342$856
17 years$2,497$2,089$1,740$1,442$1,190$733
18 years$2,333$1,931$1,588$1,299$1,058$630
19 years$2,187$1,789$1,454$1,174$943$542
20 years$2,056$1,663$1,334$1,063$842$467
21 years$1,938$1,549$1,227$965$754$403
22 years$1,830$1,446$1,131$877$676$348
23 years$1,732$1,352$1,044$799$607$301
24 years$1,642$1,267$966$729$545$261
25 years$1,560$1,189$895$666$491$226
26 years$1,484$1,117$830$609$442$196
27 years$1,414$1,052$770$557$398$170
28 years$1,348$991$716$510$359$147
29 years$1,288$935$667$468$325$128
30 years$1,232$883$621$430$293$111
31 years$1,179$835$579$394$265$96
32 years$1,130$790$540$363$240$84
33 years$1,083$748$504$333$217$73
34 years$1,040$709$471$307$197$63
35 years$999$672$440$282$178$55
36 years$961$638$412$260$161$48
37 years$925$606$386$240$146$42
38 years$890$576$361$221$133$36
39 years$858$548$338$204$120$31
40 years$827$521$317$188$109$27
41 years$798$496$297$173$99$24
42 years$770$472$279$160$90$21
43 years$744$450$262$148$81$18
44 years$719$429$246$136$74$16
45 years$695$409$231$126$67$14
46 years$672$390$217$116$61$12
47 years$650$372$204$107$55$10
48 years$630$356$191$99$50$9
49 years$610$340$180$92$46$8
50 years$591$324$169$85$41$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $605,000, adding $5,055 every year, while hoping to spend $49,279 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: 63/32/5 Blend
53$605,000$605,000$605,000$605,000
54$671,924$639,859$630,482$713,433
55$688,028$618,780$599,170$720,624
56$704,123$595,016$565,159$722,198
57$720,156$568,384$528,304$722,624
58$736,066$538,690$488,457$721,786
59$751,787$505,728$445,462$719,562
60$767,242$469,281$399,158$715,817
61$782,345$429,120$349,373$710,406
62$796,998$385,001$295,932$703,170
63$811,095$336,668$238,648$693,940
64$824,512$283,851$177,328$682,529
65$837,114$226,261$111,771$668,737
66$848,750$163,598$41,765$652,347
67$859,249$95,542$0$633,122
68$868,423$21,754$0$612,563
69$876,061$0$0$591,127
70$881,929$0$0$586,761
71$885,765$0$0$588,620
72$887,279$0$0$588,842
73$886,149$0$0$587,203
74$882,018$0$0$583,452
75$874,489$0$0$577,314
76$863,120$0$0$568,482
77$847,424$0$0$556,616
78$826,859$0$0$541,340
79$800,825$0$0$522,236
80$768,660$0$0$498,842
81$729,628$0$0$470,646
82$682,915$0$0$437,085
83$627,621$0$0$397,530
84$562,752$0$0$351,290
85$487,206$0$0$297,601
86$399,767$0$0$235,614
87$299,089$0$0$164,397
88$183,686$0$0$82,915
89$51,915$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$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