Can I retire at age 54 with 612,000?

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 $612,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$50,538$50,088$49,649$49,220$48,802$48,132
2 years$25,019$24,553$24,101$23,664$23,239$22,565
3 years$16,514$16,046$15,595$15,162$14,744$14,087
4 years$12,262$11,795$11,349$10,923$10,515$9,881
5 years$9,711$9,248$8,808$8,390$7,994$7,383
6 years$8,012$7,551$7,118$6,709$6,325$5,740
7 years$6,798$6,342$5,915$5,516$5,144$4,583
8 years$5,888$5,436$5,016$4,627$4,267$3,732
9 years$5,181$4,733$4,321$3,942$3,594$3,083
10 years$4,615$4,172$3,767$3,398$3,062$2,575
11 years$4,153$3,714$3,316$2,957$2,633$2,170
12 years$3,768$3,333$2,943$2,594$2,282$1,842
13 years$3,443$3,012$2,629$2,290$1,990$1,573
14 years$3,164$2,738$2,363$2,033$1,744$1,349
15 years$2,922$2,501$2,133$1,813$1,536$1,162
16 years$2,711$2,295$1,934$1,623$1,357$1,004
17 years$2,525$2,114$1,760$1,458$1,204$870
18 years$2,360$1,953$1,606$1,314$1,070$756
19 years$2,213$1,810$1,471$1,188$954$658
20 years$2,080$1,682$1,350$1,076$852$574
21 years$1,960$1,567$1,241$976$762$501
22 years$1,851$1,463$1,144$888$683$439
23 years$1,752$1,368$1,056$808$614$384
24 years$1,661$1,282$977$737$551$337
25 years$1,578$1,203$905$673$496$295
26 years$1,501$1,130$839$616$447$259
27 years$1,430$1,064$779$563$403$228
28 years$1,364$1,002$725$516$364$200
29 years$1,303$946$674$473$328$176
30 years$1,246$893$628$434$297$155
31 years$1,193$844$585$399$268$136
32 years$1,143$799$546$367$243$120
33 years$1,096$757$510$337$220$106
34 years$1,052$717$477$310$199$93
35 years$1,011$680$446$286$180$82
36 years$972$645$417$263$163$72
37 years$935$613$390$242$148$64
38 years$901$583$365$223$134$56
39 years$868$554$342$206$122$50
40 years$837$527$321$190$110$44
41 years$807$502$301$175$100$39
42 years$779$478$282$162$91$34
43 years$753$455$265$149$82$30
44 years$727$434$249$138$75$26
45 years$703$414$233$127$68$23
46 years$680$395$219$118$62$21
47 years$658$377$206$109$56$18
48 years$637$360$194$100$51$16
49 years$617$343$182$93$46$14
50 years$598$328$171$86$42$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $612,000, adding $4,994 every year, while hoping to spend $32,803 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: 79/6/15 Blend
53$612,000$612,000$612,000$612,000
54$679,575$647,139$637,653$730,752
55$713,990$643,947$624,113$761,959
56$750,815$639,499$609,019$791,496
57$790,263$633,699$592,285$822,979
58$832,564$626,445$573,821$856,591
59$877,974$617,628$553,533$892,530
60$926,771$607,136$531,319$931,018
61$979,261$594,845$507,078$972,296
62$1,035,781$580,627$480,700$1,016,635
63$1,096,699$564,347$452,073$1,064,328
64$1,162,423$545,861$421,078$1,115,702
65$1,233,397$525,015$387,591$1,171,116
66$1,310,111$501,648$351,483$1,230,966
67$1,393,104$475,590$312,619$1,295,689
68$1,482,967$446,660$270,858$1,365,769
69$1,580,350$414,667$226,052$1,441,735
70$1,685,969$379,410$178,048$1,524,174
71$1,800,611$340,674$126,686$1,613,733
72$1,925,140$298,234$71,797$1,711,126
73$2,060,509$251,852$13,207$1,817,138
74$2,207,764$201,275$0$1,932,637
75$2,368,057$146,239$0$2,066,473
76$2,542,656$86,462$0$2,214,577
77$2,732,955$21,647$0$2,376,028
78$2,940,490$0$0$2,552,142
79$3,166,949$0$0$2,747,574
80$3,414,193$0$0$2,962,520
81$3,684,268$0$0$3,197,333
82$3,979,429$0$0$3,453,976
83$4,302,156$0$0$3,734,607
84$4,655,182$0$0$4,041,605
85$5,041,513$0$0$4,377,587
86$5,464,463$0$0$4,745,438
87$5,927,678$0$0$5,148,331
88$6,435,175$0$0$5,589,764
89$6,991,377$0$0$6,073,587
90$7,601,155$0$0$6,604,039
91$8,269,876$0$0$7,185,793
92$9,003,449$0$0$7,823,992
93$9,808,383$0$0$8,524,303
94$10,691,847$0$0$9,292,967
95$11,661,739$0$0$10,136,859
96$12,726,759$0$0$11,063,552
97$13,896,490$0$0$12,081,389
98$15,181,489$0$0$13,199,560
99$16,593,386$0$0$14,428,189
100$18,144,993$0$0$15,778,431