Can I retire at age 54 with 611,000?

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 $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%19.7%
1 years$50,456$50,006$49,568$49,140$48,722$46,826
2 years$24,978$24,513$24,062$23,625$23,201$21,314
3 years$16,487$16,019$15,570$15,137$14,720$12,900
4 years$12,242$11,776$11,331$10,905$10,498$8,761
5 years$9,696$9,233$8,793$8,376$7,981$6,330
6 years$7,999$7,539$7,106$6,699$6,315$4,751
7 years$6,787$6,331$5,905$5,507$5,136$3,659
8 years$5,879$5,427$5,008$4,620$4,260$2,870
9 years$5,172$4,725$4,314$3,935$3,588$2,281
10 years$4,608$4,165$3,761$3,392$3,057$1,831
11 years$4,146$3,708$3,311$2,952$2,629$1,481
12 years$3,762$3,328$2,938$2,589$2,278$1,205
13 years$3,437$3,008$2,625$2,286$1,987$986
14 years$3,159$2,734$2,359$2,029$1,742$809
15 years$2,918$2,497$2,130$1,810$1,533$667
16 years$2,707$2,291$1,931$1,620$1,355$550
17 years$2,521$2,110$1,757$1,456$1,202$455
18 years$2,356$1,950$1,604$1,312$1,068$377
19 years$2,209$1,807$1,468$1,186$952$313
20 years$2,077$1,679$1,347$1,074$851$260
21 years$1,957$1,564$1,239$975$761$216
22 years$1,848$1,460$1,142$886$682$180
23 years$1,749$1,366$1,055$807$613$150
24 years$1,659$1,280$975$736$551$125
25 years$1,575$1,201$903$672$495$104
26 years$1,498$1,129$838$615$446$87
27 years$1,428$1,062$778$563$402$72
28 years$1,362$1,001$723$515$363$60
29 years$1,301$944$673$473$328$50
30 years$1,244$892$627$434$296$42
31 years$1,191$843$585$398$268$35
32 years$1,141$798$545$366$242$29
33 years$1,094$755$509$337$219$24
34 years$1,050$716$476$310$198$20
35 years$1,009$679$445$285$180$17
36 years$970$644$416$263$163$14
37 years$934$612$389$242$148$12
38 years$899$582$365$223$134$10
39 years$866$553$342$206$121$8
40 years$835$526$320$190$110$7
41 years$806$501$300$175$100$6
42 years$778$477$282$162$91$5
43 years$751$455$264$149$82$4
44 years$726$433$248$138$75$3
45 years$702$413$233$127$68$3
46 years$679$394$219$117$62$2
47 years$657$376$206$109$56$2
48 years$636$359$193$100$51$2
49 years$616$343$182$93$46$1
50 years$597$328$171$86$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $611,000, adding $3,538 every year, while hoping to spend $40,332 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: 33/50/17 Blend
53$611,000$611,000$611,000$611,000
54$676,971$644,588$635,118$695,628
55$703,110$633,260$613,481$698,364
56$730,562$620,025$589,768$697,325
57$759,420$604,748$563,867$695,345
58$789,784$587,283$535,659$692,363
59$821,761$567,479$505,023$688,316
60$855,470$545,174$471,830$683,142
61$891,038$520,198$435,946$676,773
62$928,606$492,370$397,233$669,141
63$968,326$461,499$355,543$660,177
64$1,010,366$427,382$310,723$649,807
65$1,054,906$389,807$262,616$637,958
66$1,102,147$348,548$211,053$624,555
67$1,152,304$303,365$155,862$609,522
68$1,205,616$254,007$96,861$592,780
69$1,262,344$200,208$33,860$574,252
70$1,322,770$141,686$0$553,859
71$1,387,208$78,144$0$537,575
72$1,455,998$9,268$0$526,218
73$1,529,514$0$0$513,600
74$1,608,167$0$0$535,600
75$1,692,406$0$0$564,684
76$1,782,723$0$0$595,929
77$1,879,660$0$0$629,531
78$1,983,810$0$0$665,705
79$2,095,825$0$0$704,685
80$2,216,420$0$0$746,730
81$2,346,381$0$0$792,123
82$2,486,570$0$0$841,178
83$2,637,935$0$0$894,236
84$2,801,518$0$0$951,675
85$2,978,464$0$0$1,013,909
86$3,170,030$0$0$1,081,393
87$3,377,602$0$0$1,154,628
88$3,602,698$0$0$1,234,166
89$3,846,993$0$0$1,320,613
90$4,112,325$0$0$1,414,634
91$4,400,719$0$0$1,516,965
92$4,714,401$0$0$1,628,411
93$5,055,820$0$0$1,749,862
94$5,427,670$0$0$1,882,294
95$5,832,919$0$0$2,026,783
96$6,274,829$0$0$2,184,514
97$6,756,993$0$0$2,356,790
98$7,283,365$0$0$2,545,046
99$7,858,297$0$0$2,750,862
100$8,486,581$0$0$2,975,976