Can I retire at age 54 with 613,000?

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 $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%14.1%
1 years$50,621$50,170$49,730$49,301$48,881$48,052
2 years$25,060$24,593$24,141$23,702$23,277$22,444
3 years$16,541$16,072$15,621$15,186$14,768$13,957
4 years$12,282$11,815$11,368$10,941$10,533$9,750
5 years$9,727$9,263$8,822$8,404$8,007$7,255
6 years$8,025$7,564$7,129$6,720$6,335$5,615
7 years$6,809$6,352$5,925$5,525$5,152$4,464
8 years$5,898$5,445$5,025$4,635$4,274$3,618
9 years$5,189$4,741$4,328$3,948$3,600$2,975
10 years$4,623$4,179$3,773$3,403$3,067$2,473
11 years$4,160$3,720$3,322$2,962$2,638$2,074
12 years$3,774$3,339$2,948$2,598$2,286$1,751
13 years$3,448$3,017$2,634$2,294$1,993$1,487
14 years$3,169$2,743$2,366$2,036$1,747$1,269
15 years$2,927$2,506$2,137$1,816$1,538$1,087
16 years$2,716$2,299$1,937$1,626$1,360$934
17 years$2,530$2,117$1,763$1,461$1,206$805
18 years$2,364$1,956$1,609$1,316$1,072$695
19 years$2,216$1,813$1,473$1,190$955$602
20 years$2,083$1,685$1,352$1,077$853$522
21 years$1,963$1,569$1,243$978$764$453
22 years$1,854$1,465$1,146$889$685$394
23 years$1,755$1,370$1,058$810$615$343
24 years$1,664$1,284$979$738$552$298
25 years$1,580$1,205$906$674$497$260
26 years$1,503$1,132$841$617$448$227
27 years$1,432$1,066$781$564$404$198
28 years$1,366$1,004$726$517$364$173
29 years$1,305$947$675$474$329$151
30 years$1,248$895$629$435$297$132
31 years$1,194$846$586$400$269$115
32 years$1,145$800$547$367$243$101
33 years$1,098$758$511$338$220$88
34 years$1,054$718$477$311$199$77
35 years$1,013$681$446$286$180$68
36 years$974$647$417$263$163$59
37 years$937$614$391$243$148$52
38 years$902$584$366$224$134$45
39 years$869$555$343$206$122$40
40 years$838$528$321$190$110$35
41 years$809$503$301$176$100$30
42 years$780$479$283$162$91$27
43 years$754$456$265$150$83$23
44 years$728$435$249$138$75$20
45 years$704$415$234$128$68$18
46 years$681$395$220$118$62$16
47 years$659$377$206$109$56$14
48 years$638$360$194$101$51$12
49 years$618$344$182$93$46$11
50 years$599$329$171$86$42$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $613,000, adding $3,758 every year, while hoping to spend $32,988 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: 42/42/16 Blend
53$613,000$613,000$613,000$613,000
54$679,402$646,913$637,412$704,608
55$713,602$643,513$623,666$719,346
56$750,185$638,841$608,354$731,764
57$789,359$632,799$591,389$744,506
58$831,352$625,285$572,679$757,619
59$876,415$616,189$552,129$771,154
60$924,823$605,395$529,639$785,171
61$976,878$592,782$505,105$799,738
62$1,032,910$578,219$478,416$814,934
63$1,093,284$561,569$449,460$830,848
64$1,158,399$542,686$418,117$847,581
65$1,228,694$521,416$384,263$865,248
66$1,304,652$497,596$347,766$883,978
67$1,386,802$471,054$308,492$903,919
68$1,475,727$441,607$266,298$925,237
69$1,572,068$409,063$221,036$948,118
70$1,676,529$373,217$172,551$972,774
71$1,789,885$333,855$120,681$999,441
72$1,912,987$290,747$65,257$1,028,385
73$2,046,772$243,654$6,104$1,059,905
74$2,192,271$192,321$0$1,094,336
75$2,350,618$136,480$0$1,141,787
76$2,523,060$75,847$0$1,194,688
77$2,710,971$10,123$0$1,252,499
78$2,915,861$0$0$1,315,780
79$3,139,394$0$0$1,413,349
80$3,383,400$0$0$1,525,035
81$3,649,894$0$0$1,647,089
82$3,941,094$0$0$1,780,538
83$4,259,442$0$0$1,926,510
84$4,607,626$0$0$2,086,249
85$4,988,608$0$0$2,261,122
86$5,405,647$0$0$2,452,638
87$5,862,331$0$0$2,662,457
88$6,362,615$0$0$2,892,406
89$6,910,851$0$0$3,144,499
90$7,511,834$0$0$3,420,953
91$8,170,842$0$0$3,724,210
92$8,893,694$0$0$4,056,961
93$9,686,793$0$0$4,422,168
94$10,557,195$0$0$4,823,095
95$11,512,672$0$0$5,263,337
96$12,561,785$0$0$5,746,855
97$13,713,964$0$0$6,278,012
98$14,979,599$0$0$6,861,613
99$16,370,132$0$0$7,502,954
100$17,898,173$0$0$8,207,868