Can I retire at age 54 with 611,000?

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 $611,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$50,456$50,006$49,568$49,140$48,722$47,390
2 years$24,978$24,513$24,062$23,625$23,201$21,869
3 years$16,487$16,019$15,570$15,137$14,720$13,429
4 years$12,242$11,776$11,331$10,905$10,498$9,259
5 years$9,696$9,233$8,793$8,376$7,981$6,796
6 years$7,999$7,539$7,106$6,699$6,315$5,186
7 years$6,787$6,331$5,905$5,507$5,136$4,063
8 years$5,879$5,427$5,008$4,620$4,260$3,243
9 years$5,172$4,725$4,314$3,935$3,588$2,625
10 years$4,608$4,165$3,761$3,392$3,057$2,148
11 years$4,146$3,708$3,311$2,952$2,629$1,772
12 years$3,762$3,328$2,938$2,589$2,278$1,471
13 years$3,437$3,008$2,625$2,286$1,987$1,228
14 years$3,159$2,734$2,359$2,029$1,742$1,029
15 years$2,918$2,497$2,130$1,810$1,533$866
16 years$2,707$2,291$1,931$1,620$1,355$730
17 years$2,521$2,110$1,757$1,456$1,202$618
18 years$2,356$1,950$1,604$1,312$1,068$524
19 years$2,209$1,807$1,468$1,186$952$444
20 years$2,077$1,679$1,347$1,074$851$378
21 years$1,957$1,564$1,239$975$761$322
22 years$1,848$1,460$1,142$886$682$274
23 years$1,749$1,366$1,055$807$613$234
24 years$1,659$1,280$975$736$551$199
25 years$1,575$1,201$903$672$495$170
26 years$1,498$1,129$838$615$446$145
27 years$1,428$1,062$778$563$402$124
28 years$1,362$1,001$723$515$363$106
29 years$1,301$944$673$473$328$91
30 years$1,244$892$627$434$296$78
31 years$1,191$843$585$398$268$67
32 years$1,141$798$545$366$242$57
33 years$1,094$755$509$337$219$49
34 years$1,050$716$476$310$198$42
35 years$1,009$679$445$285$180$36
36 years$970$644$416$263$163$31
37 years$934$612$389$242$148$26
38 years$899$582$365$223$134$22
39 years$866$553$342$206$121$19
40 years$835$526$320$190$110$16
41 years$806$501$300$175$100$14
42 years$778$477$282$162$91$12
43 years$751$455$264$149$82$10
44 years$726$433$248$138$75$9
45 years$702$413$233$127$68$8
46 years$679$394$219$117$62$7
47 years$657$376$206$109$56$6
48 years$636$359$193$100$51$5
49 years$616$343$182$93$46$4
50 years$597$328$171$86$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $611,000, adding $5,778 every year, while hoping to spend $28,778 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: 37/50/13 Blend
53$611,000$611,000$611,000$611,000
54$679,282$646,899$637,429$701,514
55$717,949$647,977$628,163$719,037
56$759,596$648,144$617,622$734,753
57$804,496$647,324$605,734$751,100
58$852,949$645,438$592,420$768,146
59$905,286$642,401$577,603$785,973
60$961,870$638,123$561,197$804,669
61$1,023,098$632,509$543,115$824,335
62$1,089,411$625,458$523,265$845,086
63$1,161,288$616,863$501,553$867,048
64$1,239,261$606,611$477,876$890,365
65$1,323,913$594,582$452,132$915,197
66$1,415,883$580,648$424,210$941,725
67$1,515,878$564,674$393,995$970,149
68$1,624,673$546,518$361,370$1,000,697
69$1,743,121$526,030$326,207$1,033,618
70$1,872,163$503,048$288,378$1,069,196
71$2,012,830$477,405$247,746$1,107,745
72$2,166,262$448,920$204,168$1,149,616
73$2,333,709$417,406$157,497$1,195,200
74$2,516,551$382,662$107,576$1,244,934
75$2,716,304$344,477$54,244$1,299,303
76$2,934,637$302,627$0$1,358,850
77$3,173,391$256,877$0$1,424,546
78$3,434,590$206,977$0$1,504,745
79$3,720,463$152,663$0$1,592,686
80$4,033,464$93,658$0$1,689,223
81$4,376,297$29,667$0$1,795,304
82$4,751,939$0$0$1,911,981
83$5,163,668$0$0$2,062,217
84$5,615,094$0$0$2,244,921
85$6,110,196$0$0$2,445,389
86$6,653,352$0$0$2,665,407
87$7,249,387$0$0$2,906,941
88$7,903,616$0$0$3,172,155
89$8,621,892$0$0$3,463,435
90$9,410,664$0$0$3,783,409
91$10,277,034$0$0$4,134,971
92$11,228,829$0$0$4,521,311
93$12,274,668$0$0$4,945,942
94$13,424,048$0$0$5,412,734
95$14,687,432$0$0$5,925,952
96$16,076,346$0$0$6,490,292
97$17,603,490$0$0$7,110,933
98$19,282,854$0$0$7,793,575
99$21,129,853$0$0$8,544,503
100$23,161,471$0$0$9,370,638