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%11.2%
1 years$50,538$50,088$49,649$49,220$48,802$48,555
2 years$25,019$24,553$24,101$23,664$23,239$22,990
3 years$16,514$16,046$15,595$15,162$14,744$14,500
4 years$12,262$11,795$11,349$10,923$10,515$10,279
5 years$9,711$9,248$8,808$8,390$7,994$7,766
6 years$8,012$7,551$7,118$6,709$6,325$6,105
7 years$6,798$6,342$5,915$5,516$5,144$4,933
8 years$5,888$5,436$5,016$4,627$4,267$4,065
9 years$5,181$4,733$4,321$3,942$3,594$3,399
10 years$4,615$4,172$3,767$3,398$3,062$2,876
11 years$4,153$3,714$3,316$2,957$2,633$2,455
12 years$3,768$3,333$2,943$2,594$2,282$2,112
13 years$3,443$3,012$2,629$2,290$1,990$1,828
14 years$3,164$2,738$2,363$2,033$1,744$1,590
15 years$2,922$2,501$2,133$1,813$1,536$1,389
16 years$2,711$2,295$1,934$1,623$1,357$1,218
17 years$2,525$2,114$1,760$1,458$1,204$1,071
18 years$2,360$1,953$1,606$1,314$1,070$944
19 years$2,213$1,810$1,471$1,188$954$835
20 years$2,080$1,682$1,350$1,076$852$739
21 years$1,960$1,567$1,241$976$762$656
22 years$1,851$1,463$1,144$888$683$583
23 years$1,752$1,368$1,056$808$614$518
24 years$1,661$1,282$977$737$551$462
25 years$1,578$1,203$905$673$496$412
26 years$1,501$1,130$839$616$447$367
27 years$1,430$1,064$779$563$403$328
28 years$1,364$1,002$725$516$364$293
29 years$1,303$946$674$473$328$262
30 years$1,246$893$628$434$297$235
31 years$1,193$844$585$399$268$210
32 years$1,143$799$546$367$243$188
33 years$1,096$757$510$337$220$169
34 years$1,052$717$477$310$199$151
35 years$1,011$680$446$286$180$136
36 years$972$645$417$263$163$122
37 years$935$613$390$242$148$109
38 years$901$583$365$223$134$98
39 years$868$554$342$206$122$88
40 years$837$527$321$190$110$79
41 years$807$502$301$175$100$71
42 years$779$478$282$162$91$64
43 years$753$455$265$149$82$57
44 years$727$434$249$138$75$51
45 years$703$414$233$127$68$46
46 years$680$395$219$118$62$41
47 years$658$377$206$109$56$37
48 years$637$360$194$100$51$34
49 years$617$343$182$93$46$30
50 years$598$328$171$86$42$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $612,000, adding $2,219 every year, while hoping to spend $50,015 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: 32/40/28 Blend
53$612,000$612,000$612,000$612,000
54$676,713$644,277$634,791$692,529
55$692,522$622,631$602,841$683,196
56$708,267$598,248$568,144$668,580
57$723,890$570,941$530,556$651,861
58$739,322$540,513$489,925$632,887
59$754,489$506,754$446,093$611,499
60$769,304$469,443$398,896$587,527
61$783,674$428,346$348,159$560,789
62$797,490$383,216$293,704$531,091
63$810,633$333,793$235,342$498,227
64$822,968$279,799$172,876$461,977
65$834,345$220,943$106,102$422,106
66$844,597$156,918$34,805$378,365
67$853,536$87,398$0$330,487
68$860,956$12,039$0$290,520
69$866,623$0$0$257,724
70$870,281$0$0$252,040
71$871,642$0$0$250,792
72$870,390$0$0$248,568
73$866,169$0$0$245,241
74$858,588$0$0$240,671
75$847,212$0$0$234,704
76$831,559$0$0$227,166
77$811,095$0$0$217,868
78$785,226$0$0$206,599
79$753,298$0$0$193,125
80$714,584$0$0$177,189
81$668,282$0$0$158,504
82$613,503$0$0$136,756
83$549,263$0$0$111,596
84$474,476$0$0$82,637
85$387,940$0$0$49,454
86$288,328$0$0$11,575
87$174,170$0$0$0
88$43,846$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0