Can I retire at age 54 with 608,000?

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 $608,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$50,208$49,761$49,325$48,899$48,483$48,258
2 years$24,855$24,393$23,944$23,509$23,087$22,860
3 years$16,406$15,941$15,493$15,062$14,647$14,426
4 years$12,182$11,718$11,275$10,852$10,447$10,231
5 years$9,648$9,187$8,750$8,335$7,941$7,733
6 years$7,959$7,502$7,071$6,666$6,284$6,083
7 years$6,754$6,300$5,876$5,480$5,110$4,918
8 years$5,850$5,400$4,984$4,597$4,240$4,054
9 years$5,147$4,702$4,292$3,916$3,570$3,393
10 years$4,585$4,145$3,742$3,375$3,042$2,872
11 years$4,126$3,690$3,295$2,938$2,616$2,454
12 years$3,743$3,312$2,924$2,577$2,267$2,112
13 years$3,420$2,993$2,612$2,275$1,977$1,829
14 years$3,143$2,720$2,347$2,019$1,733$1,592
15 years$2,903$2,485$2,119$1,801$1,526$1,391
16 years$2,694$2,280$1,921$1,613$1,349$1,221
17 years$2,509$2,100$1,748$1,449$1,196$1,074
18 years$2,345$1,940$1,596$1,306$1,063$948
19 years$2,198$1,798$1,461$1,180$948$838
20 years$2,066$1,671$1,341$1,069$846$743
21 years$1,947$1,557$1,233$970$758$660
22 years$1,839$1,453$1,137$882$679$587
23 years$1,741$1,359$1,050$803$610$522
24 years$1,650$1,273$971$732$548$466
25 years$1,568$1,195$899$669$493$415
26 years$1,491$1,123$834$612$444$371
27 years$1,421$1,057$774$560$400$332
28 years$1,355$996$720$513$361$297
29 years$1,294$939$670$470$326$266
30 years$1,238$887$624$432$295$238
31 years$1,185$839$582$396$266$213
32 years$1,135$794$543$364$241$191
33 years$1,089$752$507$335$218$171
34 years$1,045$712$473$308$198$154
35 years$1,004$676$443$284$179$138
36 years$966$641$414$261$162$124
37 years$929$609$388$241$147$111
38 years$895$579$363$222$133$100
39 years$862$550$340$205$121$90
40 years$831$524$319$189$110$81
41 years$802$498$299$174$99$73
42 years$774$475$280$161$90$65
43 years$748$452$263$148$82$59
44 years$722$431$247$137$74$53
45 years$698$411$232$127$67$47
46 years$675$392$218$117$61$43
47 years$654$374$205$108$56$38
48 years$633$357$192$100$50$34
49 years$613$341$181$92$46$31
50 years$594$326$170$85$42$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $608,000, adding $4,884 every year, while hoping to spend $27,566 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: 78/5/17 Blend
53$608,000$608,000$608,000$608,000
54$675,054$642,830$633,406$724,810
55$714,579$644,998$625,295$760,488
56$757,213$646,350$615,988$795,650
57$803,241$646,814$605,417$833,465
58$852,982$646,318$593,509$874,188
59$906,782$644,783$580,187$918,101
60$965,024$642,128$565,374$965,513
61$1,028,128$638,263$548,985$1,016,767
62$1,096,555$633,097$530,935$1,072,240
63$1,170,815$626,529$511,131$1,132,347
64$1,251,464$618,456$489,481$1,197,547
65$1,339,119$608,765$465,883$1,268,344
66$1,434,454$597,340$440,236$1,345,295
67$1,538,214$584,055$412,429$1,429,015
68$1,651,217$568,779$382,351$1,520,180
69$1,774,364$551,372$349,883$1,619,535
70$1,908,646$531,685$314,900$1,727,905
71$2,055,153$509,563$277,274$1,846,194
72$2,215,086$484,840$236,871$1,975,404
73$2,389,767$457,339$193,548$2,116,637
74$2,580,651$426,876$147,160$2,271,106
75$2,789,340$393,256$97,552$2,440,154
76$3,017,597$356,270$44,564$2,625,255
77$3,267,364$315,699$0$2,828,040
78$3,540,779$271,313$0$3,052,476
79$3,840,198$222,866$0$3,307,137
80$4,168,212$170,101$0$3,586,146
81$4,527,678$112,744$0$3,891,944
82$4,921,740$50,507$0$4,227,217
83$5,353,861$0$0$4,594,928
84$5,827,858$0$0$4,999,268
85$6,347,931$0$0$5,445,983
86$6,918,709$0$0$5,936,272
87$7,545,289$0$0$6,474,516
88$8,233,289$0$0$7,065,543
89$8,988,893$0$0$7,714,669
90$9,818,917$0$0$8,427,752
91$10,730,868$0$0$9,211,244
92$11,733,016$0$0$10,072,255
93$12,834,473$0$0$11,018,614
94$14,045,276$0$0$12,058,950
95$15,376,484$0$0$13,202,768
96$16,840,280$0$0$14,460,541
97$18,450,089$0$0$15,843,805
98$20,220,700$0$0$17,365,274
99$22,168,407$0$0$19,038,953
100$24,311,164$0$0$20,880,273