Can I retire at age 54 with 609,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $609,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$50,291$49,843$49,406$48,979$48,563$46,858
2 years$24,896$24,433$23,983$23,548$23,125$21,426
3 years$16,433$15,967$15,519$15,087$14,671$13,031
4 years$12,202$11,737$11,294$10,869$10,464$8,894
5 years$9,664$9,202$8,764$8,349$7,954$6,460
6 years$7,972$7,514$7,083$6,677$6,294$4,876
7 years$6,765$6,311$5,886$5,489$5,119$3,777
8 years$5,859$5,409$4,992$4,605$4,247$2,979
9 years$5,156$4,710$4,299$3,922$3,576$2,382
10 years$4,593$4,151$3,748$3,381$3,047$1,925
11 years$4,133$3,696$3,300$2,942$2,621$1,567
12 years$3,750$3,317$2,929$2,581$2,271$1,284
13 years$3,426$2,998$2,617$2,279$1,980$1,057
14 years$3,148$2,725$2,351$2,023$1,736$874
15 years$2,908$2,489$2,123$1,804$1,528$725
16 years$2,698$2,284$1,924$1,615$1,351$603
17 years$2,513$2,103$1,751$1,451$1,198$503
18 years$2,349$1,944$1,599$1,308$1,065$420
19 years$2,202$1,801$1,463$1,182$949$351
20 years$2,070$1,674$1,343$1,070$848$294
21 years$1,951$1,559$1,235$971$759$246
22 years$1,842$1,455$1,139$883$680$206
23 years$1,743$1,361$1,051$804$611$173
24 years$1,653$1,275$972$734$549$146
25 years$1,570$1,197$901$670$494$122
26 years$1,494$1,125$835$613$445$103
27 years$1,423$1,059$776$561$401$86
28 years$1,357$998$721$514$362$73
29 years$1,296$941$671$471$327$61
30 years$1,240$889$625$432$295$51
31 years$1,187$840$583$397$267$43
32 years$1,137$795$544$365$241$36
33 years$1,091$753$508$336$219$31
34 years$1,047$713$474$309$198$26
35 years$1,006$677$443$284$179$22
36 years$967$642$415$262$162$18
37 years$931$610$388$241$147$15
38 years$896$580$364$222$133$13
39 years$864$551$341$205$121$11
40 years$833$525$319$189$110$9
41 years$803$499$299$174$100$8
42 years$775$476$281$161$90$7
43 years$749$453$263$149$82$6
44 years$724$432$247$137$74$5
45 years$700$412$232$127$68$4
46 years$677$393$218$117$61$3
47 years$655$375$205$108$56$3
48 years$634$358$193$100$51$2
49 years$614$342$181$92$46$2
50 years$595$326$170$85$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $609,000, adding $5,746 every year, while hoping to spend $47,118 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: 68/27/5 Blend
53$609,000$609,000$609,000$609,000
54$677,045$644,768$635,328$722,299
55$695,970$626,228$606,479$734,463
56$715,247$605,201$575,083$741,464
57$734,861$581,515$541,007$747,829
58$754,795$554,987$504,110$753,489
59$775,029$525,427$464,243$758,365
60$795,540$492,630$421,252$762,375
61$816,298$456,383$374,977$765,428
62$837,272$416,457$325,250$767,427
63$858,423$372,612$271,895$768,267
64$879,707$324,595$214,729$767,833
65$901,075$272,138$153,560$766,003
66$922,469$214,957$88,188$762,643
67$943,823$152,753$18,406$757,608
68$965,065$85,209$0$750,743
69$986,110$11,993$0$744,870
70$1,006,864$0$0$738,058
71$1,027,219$0$0$749,118
72$1,047,058$0$0$763,334
73$1,066,244$0$0$777,041
74$1,084,628$0$0$790,125
75$1,102,039$0$0$802,459
76$1,118,291$0$0$813,902
77$1,133,171$0$0$824,293
78$1,146,444$0$0$833,457
79$1,157,849$0$0$841,195
80$1,167,093$0$0$847,289
81$1,173,850$0$0$851,493
82$1,177,760$0$0$853,536
83$1,178,420$0$0$853,117
84$1,175,384$0$0$849,898
85$1,168,157$0$0$843,510
86$1,156,188$0$0$833,537
87$1,138,868$0$0$819,523
88$1,115,521$0$0$800,960
89$1,085,398$0$0$777,285
90$1,047,670$0$0$747,877
91$1,001,417$0$0$712,045
92$945,624$0$0$669,027
93$879,164$0$0$617,978
94$800,794$0$0$557,964
95$709,137$0$0$487,953
96$602,670$0$0$406,803
97$479,712$0$0$313,251
98$338,402$0$0$205,903
99$176,686$0$0$83,218
100$0$0$0$0