Can I retire at age 54 with 607,000?

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 $607,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$50,125$49,679$49,243$48,818$48,403$47,214
2 years$24,815$24,352$23,905$23,470$23,049$21,858
3 years$16,379$15,915$15,468$15,038$14,623$13,468
4 years$12,162$11,699$11,257$10,834$10,429$9,319
5 years$9,632$9,172$8,736$8,321$7,928$6,865
6 years$7,946$7,490$7,060$6,655$6,273$5,259
7 years$6,742$6,290$5,867$5,471$5,102$4,137
8 years$5,840$5,392$4,975$4,590$4,233$3,316
9 years$5,139$4,694$4,285$3,909$3,564$2,695
10 years$4,578$4,138$3,736$3,370$3,037$2,214
11 years$4,119$3,684$3,289$2,933$2,612$1,835
12 years$3,737$3,306$2,919$2,572$2,263$1,530
13 years$3,414$2,988$2,608$2,271$1,974$1,283
14 years$3,138$2,716$2,343$2,016$1,730$1,081
15 years$2,899$2,481$2,116$1,798$1,523$914
16 years$2,689$2,276$1,918$1,610$1,346$775
17 years$2,505$2,096$1,745$1,446$1,194$659
18 years$2,341$1,937$1,593$1,304$1,061$561
19 years$2,195$1,795$1,459$1,178$946$479
20 years$2,063$1,668$1,339$1,067$845$409
21 years$1,944$1,554$1,231$968$756$350
22 years$1,836$1,451$1,135$880$678$300
23 years$1,738$1,357$1,048$802$609$257
24 years$1,648$1,271$969$731$547$221
25 years$1,565$1,193$898$668$492$189
26 years$1,489$1,121$832$611$443$163
27 years$1,418$1,055$773$559$400$140
28 years$1,353$994$719$512$361$120
29 years$1,292$938$669$470$326$103
30 years$1,236$886$623$431$294$89
31 years$1,183$837$581$396$266$77
32 years$1,133$792$542$364$241$66
33 years$1,087$750$506$334$218$57
34 years$1,044$711$473$308$197$49
35 years$1,003$675$442$283$179$42
36 years$964$640$413$261$162$36
37 years$928$608$387$240$147$31
38 years$893$578$362$222$133$27
39 years$861$549$339$204$121$23
40 years$830$523$318$188$109$20
41 years$801$498$298$174$99$17
42 years$773$474$280$160$90$15
43 years$746$452$263$148$82$13
44 years$721$430$247$137$74$11
45 years$697$410$231$126$67$10
46 years$674$392$217$117$61$8
47 years$653$374$204$108$56$7
48 years$632$357$192$100$50$6
49 years$612$341$180$92$46$5
50 years$593$325$170$85$42$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $607,000, adding $4,817 every year, while hoping to spend $51,053 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: 64/24/12 Blend
53$607,000$607,000$607,000$607,000
54$673,883$641,712$632,303$714,849
55$688,299$618,836$599,165$719,953
56$702,474$593,127$563,206$719,157
57$716,330$564,395$524,278$717,011
58$729,780$532,433$482,224$713,382
59$742,723$497,028$436,884$708,126
60$755,049$457,951$388,088$701,087
61$766,634$414,961$335,660$692,094
62$777,340$367,803$279,413$680,964
63$787,012$316,209$219,157$667,495
64$795,477$259,893$154,689$651,470
65$802,544$198,556$85,800$632,652
66$807,999$131,881$12,269$610,783
67$811,603$59,531$0$585,582
68$813,092$0$0$565,221
69$812,173$0$0$548,095
70$808,518$0$0$544,739
71$801,766$0$0$539,174
72$791,514$0$0$531,116
73$777,318$0$0$520,249
74$758,684$0$0$506,225
75$735,064$0$0$488,658
76$705,854$0$0$467,118
77$670,382$0$0$441,134
78$627,906$0$0$410,179
79$577,607$0$0$373,674
80$518,575$0$0$330,979
81$449,806$0$0$281,383
82$370,190$0$0$224,102
83$278,501$0$0$158,270
84$173,382$0$0$82,930
85$53,334$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$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