Can I retire at age 54 with 613,000?

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 $613,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$50,621$50,170$49,730$49,301$48,881$47,661
2 years$25,060$24,593$24,141$23,702$23,277$22,055
3 years$16,541$16,072$15,621$15,186$14,768$13,583
4 years$12,282$11,815$11,368$10,941$10,533$9,393
5 years$9,727$9,263$8,822$8,404$8,007$6,917
6 years$8,025$7,564$7,129$6,720$6,335$5,296
7 years$6,809$6,352$5,925$5,525$5,152$4,163
8 years$5,898$5,445$5,025$4,635$4,274$3,335
9 years$5,189$4,741$4,328$3,948$3,600$2,709
10 years$4,623$4,179$3,773$3,403$3,067$2,224
11 years$4,160$3,720$3,322$2,962$2,638$1,842
12 years$3,774$3,339$2,948$2,598$2,286$1,535
13 years$3,448$3,017$2,634$2,294$1,993$1,287
14 years$3,169$2,743$2,366$2,036$1,747$1,083
15 years$2,927$2,506$2,137$1,816$1,538$915
16 years$2,716$2,299$1,937$1,626$1,360$775
17 years$2,530$2,117$1,763$1,461$1,206$659
18 years$2,364$1,956$1,609$1,316$1,072$561
19 years$2,216$1,813$1,473$1,190$955$478
20 years$2,083$1,685$1,352$1,077$853$408
21 years$1,963$1,569$1,243$978$764$349
22 years$1,854$1,465$1,146$889$685$299
23 years$1,755$1,370$1,058$810$615$256
24 years$1,664$1,284$979$738$552$219
25 years$1,580$1,205$906$674$497$188
26 years$1,503$1,132$841$617$448$162
27 years$1,432$1,066$781$564$404$139
28 years$1,366$1,004$726$517$364$119
29 years$1,305$947$675$474$329$102
30 years$1,248$895$629$435$297$88
31 years$1,194$846$586$400$269$76
32 years$1,145$800$547$367$243$65
33 years$1,098$758$511$338$220$56
34 years$1,054$718$477$311$199$48
35 years$1,013$681$446$286$180$42
36 years$974$647$417$263$163$36
37 years$937$614$391$243$148$31
38 years$902$584$366$224$134$26
39 years$869$555$343$206$122$23
40 years$838$528$321$190$110$20
41 years$809$503$301$176$100$17
42 years$780$479$283$162$91$15
43 years$754$456$265$150$83$13
44 years$728$435$249$138$75$11
45 years$704$415$234$128$68$9
46 years$681$395$220$118$62$8
47 years$659$377$206$109$56$7
48 years$638$360$194$101$51$6
49 years$618$344$182$93$46$5
50 years$599$329$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 $613,000, adding $6,509 every year, while hoping to spend $20,614 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: 59/16/25 Blend
53$613,000$613,000$613,000$613,000
54$682,240$649,751$640,250$717,545
55$729,895$659,656$639,765$752,255
56$781,721$669,355$638,573$787,323
57$838,120$678,816$636,628$825,133
58$899,536$688,007$633,884$865,954
59$966,459$696,889$630,289$910,086
60$1,039,425$705,424$625,791$957,857
61$1,119,027$713,571$620,336$1,009,633
62$1,205,917$721,285$613,866$1,065,813
63$1,300,811$728,518$606,321$1,126,841
64$1,404,499$735,221$597,638$1,193,206
65$1,517,849$741,338$587,750$1,265,446
66$1,641,819$746,813$576,589$1,344,156
67$1,777,463$751,585$564,083$1,429,993
68$1,925,939$755,588$550,155$1,523,679
69$2,088,526$758,753$534,726$1,626,014
70$2,266,631$761,006$517,715$1,737,878
71$2,461,801$762,270$499,033$1,860,243
72$2,675,745$762,461$478,590$1,994,182
73$2,910,340$761,491$456,292$2,140,877
74$3,167,657$759,266$432,040$2,301,631
75$3,449,974$755,687$405,730$2,477,885
76$3,759,803$750,647$377,253$2,671,224
77$4,099,910$744,035$346,498$2,883,400
78$4,473,341$735,733$313,345$3,116,342
79$4,883,451$725,614$277,672$3,372,180
80$5,333,938$713,544$239,349$3,653,261
81$5,828,875$699,383$198,243$3,962,176
82$6,372,748$682,980$154,212$4,301,781
83$6,970,500$664,178$107,109$4,675,223
84$7,627,576$642,808$56,783$5,085,977
85$8,349,976$618,692$3,072$5,537,871
86$9,144,309$591,643$0$6,035,129
87$10,017,856$561,462$0$6,596,877
88$10,978,642$527,937$0$7,215,595
89$12,035,504$490,848$0$7,896,171
90$13,198,184$449,958$0$8,644,898
91$14,477,412$405,018$0$9,468,711
92$15,885,010$355,767$0$10,375,253
93$17,434,007$301,925$0$11,372,947
94$19,138,757$243,200$0$12,471,076
95$21,015,075$179,282$0$13,679,871
96$23,080,388$109,843$0$15,010,608
97$25,353,900$34,537$0$16,475,712
98$27,856,768$0$0$18,088,879
99$30,612,307$0$0$19,873,478
100$33,646,207$0$0$21,845,112