Can I retire at age 54 with 606,000?

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 $606,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$50,043$49,597$49,162$48,738$48,323$46,461
2 years$24,774$24,312$23,865$23,432$23,011$21,157
3 years$16,352$15,888$15,442$15,013$14,599$12,812
4 years$12,142$11,680$11,238$10,816$10,412$8,705
5 years$9,616$9,157$8,721$8,308$7,915$6,293
6 years$7,933$7,477$7,048$6,644$6,263$4,726
7 years$6,731$6,279$5,857$5,462$5,094$3,642
8 years$5,830$5,383$4,967$4,582$4,226$2,858
9 years$5,130$4,687$4,278$3,903$3,559$2,273
10 years$4,570$4,131$3,730$3,364$3,032$1,826
11 years$4,112$3,678$3,284$2,928$2,608$1,478
12 years$3,731$3,301$2,914$2,568$2,260$1,204
13 years$3,409$2,983$2,604$2,267$1,971$985
14 years$3,133$2,711$2,339$2,013$1,727$809
15 years$2,894$2,477$2,112$1,795$1,521$667
16 years$2,685$2,273$1,915$1,607$1,344$551
17 years$2,501$2,093$1,743$1,444$1,192$456
18 years$2,337$1,934$1,591$1,301$1,060$378
19 years$2,191$1,792$1,456$1,176$945$314
20 years$2,060$1,666$1,336$1,065$844$261
21 years$1,941$1,551$1,229$967$755$217
22 years$1,833$1,448$1,133$879$677$181
23 years$1,735$1,354$1,046$800$608$151
24 years$1,645$1,269$967$730$546$126
25 years$1,562$1,191$896$667$491$105
26 years$1,486$1,119$831$610$443$88
27 years$1,416$1,053$772$558$399$73
28 years$1,351$993$717$511$360$61
29 years$1,290$936$668$469$325$51
30 years$1,234$884$622$430$294$43
31 years$1,181$836$580$395$266$36
32 years$1,132$791$541$363$240$30
33 years$1,085$749$505$334$217$25
34 years$1,042$710$472$307$197$21
35 years$1,001$673$441$283$178$17
36 years$962$639$413$260$162$15
37 years$926$607$386$240$146$12
38 years$892$577$362$221$133$10
39 years$859$549$339$204$120$8
40 years$828$522$318$188$109$7
41 years$799$497$298$174$99$6
42 years$772$473$279$160$90$5
43 years$745$451$262$148$82$4
44 years$720$430$246$137$74$3
45 years$696$410$231$126$67$3
46 years$673$391$217$116$61$2
47 years$651$373$204$108$55$2
48 years$631$356$192$99$50$2
49 years$611$340$180$92$46$1
50 years$592$325$169$85$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $606,000, adding $6,054 every year, while hoping to spend $44,032 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: 75/19/6 Blend
53$606,000$606,000$606,000$606,000
54$674,057$641,939$632,546$723,728
55$695,961$626,544$606,886$741,835
56$718,623$608,919$578,891$755,447
57$742,075$588,908$548,437$769,087
58$766,349$566,347$515,391$782,741
59$791,479$541,060$479,619$796,395
60$817,501$512,864$440,978$810,033
61$844,455$481,563$399,320$823,640
62$872,380$446,950$354,488$837,198
63$901,320$408,808$306,320$850,689
64$931,321$366,906$254,648$864,094
65$962,430$320,999$199,293$877,396
66$994,701$270,830$140,072$890,573
67$1,028,187$216,128$76,791$903,604
68$1,062,948$156,604$9,250$916,470
69$1,099,046$91,955$0$929,148
70$1,136,547$21,859$0$945,639
71$1,175,524$0$0$962,790
72$1,216,053$0$0$991,296
73$1,258,215$0$0$1,025,709
74$1,302,098$0$0$1,061,531
75$1,347,797$0$0$1,098,840
76$1,395,414$0$0$1,137,719
77$1,445,057$0$0$1,178,258
78$1,496,843$0$0$1,220,553
79$1,550,901$0$0$1,264,709
80$1,607,365$0$0$1,310,838
81$1,666,385$0$0$1,359,061
82$1,728,119$0$0$1,409,511
83$1,792,740$0$0$1,462,329
84$1,860,436$0$0$1,517,670
85$1,931,410$0$0$1,575,700
86$2,005,881$0$0$1,636,601
87$2,084,088$0$0$1,700,569
88$2,166,290$0$0$1,767,819
89$2,252,771$0$0$1,838,583
90$2,343,837$0$0$1,913,114
91$2,439,821$0$0$1,991,687
92$2,541,089$0$0$2,074,603
93$2,648,037$0$0$2,162,188
94$2,761,098$0$0$2,254,801
95$2,880,745$0$0$2,352,831
96$3,007,492$0$0$2,456,703
97$3,141,905$0$0$2,566,882
98$3,284,599$0$0$2,683,876
99$3,436,248$0$0$2,808,242
100$3,597,588$0$0$2,940,588