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%16.8%
1 years$50,538$50,088$49,649$49,220$48,802$47,449
2 years$25,019$24,553$24,101$23,664$23,239$21,886
3 years$16,514$16,046$15,595$15,162$14,744$13,433
4 years$12,262$11,795$11,349$10,923$10,515$9,257
5 years$9,711$9,248$8,808$8,390$7,994$6,791
6 years$8,012$7,551$7,118$6,709$6,325$5,180
7 years$6,798$6,342$5,915$5,516$5,144$4,056
8 years$5,888$5,436$5,016$4,627$4,267$3,236
9 years$5,181$4,733$4,321$3,942$3,594$2,617
10 years$4,615$4,172$3,767$3,398$3,062$2,140
11 years$4,153$3,714$3,316$2,957$2,633$1,764
12 years$3,768$3,333$2,943$2,594$2,282$1,464
13 years$3,443$3,012$2,629$2,290$1,990$1,221
14 years$3,164$2,738$2,363$2,033$1,744$1,023
15 years$2,922$2,501$2,133$1,813$1,536$860
16 years$2,711$2,295$1,934$1,623$1,357$725
17 years$2,525$2,114$1,760$1,458$1,204$613
18 years$2,360$1,953$1,606$1,314$1,070$519
19 years$2,213$1,810$1,471$1,188$954$440
20 years$2,080$1,682$1,350$1,076$852$374
21 years$1,960$1,567$1,241$976$762$318
22 years$1,851$1,463$1,144$888$683$271
23 years$1,752$1,368$1,056$808$614$231
24 years$1,661$1,282$977$737$551$197
25 years$1,578$1,203$905$673$496$168
26 years$1,501$1,130$839$616$447$143
27 years$1,430$1,064$779$563$403$122
28 years$1,364$1,002$725$516$364$104
29 years$1,303$946$674$473$328$89
30 years$1,246$893$628$434$297$76
31 years$1,193$844$585$399$268$65
32 years$1,143$799$546$367$243$56
33 years$1,096$757$510$337$220$48
34 years$1,052$717$477$310$199$41
35 years$1,011$680$446$286$180$35
36 years$972$645$417$263$163$30
37 years$935$613$390$242$148$26
38 years$901$583$365$223$134$22
39 years$868$554$342$206$122$19
40 years$837$527$321$190$110$16
41 years$807$502$301$175$100$14
42 years$779$478$282$162$91$12
43 years$753$455$265$149$82$10
44 years$727$434$249$138$75$9
45 years$703$414$233$127$68$7
46 years$680$395$219$118$62$6
47 years$658$377$206$109$56$5
48 years$637$360$194$100$51$5
49 years$617$343$182$93$46$4
50 years$598$328$171$86$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $612,000, adding $2,714 every year, while hoping to spend $33,796 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: 52/34/14 Blend
53$612,000$612,000$612,000$612,000
54$677,223$644,787$635,301$709,760
55$710,342$640,423$620,625$727,941
56$745,705$634,713$604,325$743,894
57$783,507$627,554$586,310$760,484
58$823,960$618,839$566,487$777,778
59$867,296$608,454$544,756$795,855
60$913,770$596,278$521,015$814,804
61$963,661$582,183$495,156$834,724
62$1,017,277$566,032$467,066$855,725
63$1,074,954$547,683$436,628$877,932
64$1,137,063$526,983$403,718$901,487
65$1,204,010$503,771$368,209$926,545
66$1,276,241$477,877$329,966$953,282
67$1,354,245$449,122$288,848$981,895
68$1,438,563$417,314$244,709$1,012,604
69$1,529,787$382,252$197,397$1,045,654
70$1,628,566$343,723$146,751$1,081,319
71$1,735,617$301,503$92,604$1,119,905
72$1,851,728$255,354$34,784$1,161,753
73$1,977,762$205,025$0$1,207,244
74$2,114,672$150,249$0$1,260,823
75$2,263,505$90,748$0$1,324,745
76$2,425,413$26,225$0$1,394,364
77$2,601,663$0$0$1,470,294
78$2,793,649$0$0$1,569,541
79$3,002,907$0$0$1,688,467
80$3,231,125$0$0$1,818,227
81$3,480,161$0$0$1,959,885
82$3,752,062$0$0$2,114,611
83$4,049,079$0$0$2,283,697
84$4,373,694$0$0$2,468,562
85$4,728,635$0$0$2,670,768
86$5,116,907$0$0$2,892,038
87$5,541,821$0$0$3,134,266
88$6,007,020$0$0$3,399,539
89$6,516,518$0$0$3,690,155
90$7,074,733$0$0$4,008,647
91$7,686,532$0$0$4,357,800
92$8,357,275$0$0$4,740,686
93$9,092,866$0$0$5,160,685
94$9,899,805$0$0$5,621,522
95$10,785,256$0$0$6,127,300
96$11,757,107$0$0$6,682,537
97$12,824,047$0$0$7,292,211
98$13,995,647$0$0$7,961,806
99$15,282,453$0$0$8,697,362
100$16,696,079$0$0$9,505,533