Can I retire at age 54 with 614,000?

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 $614,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$50,704$50,252$49,811$49,381$48,961$48,734
2 years$25,101$24,633$24,180$23,741$23,315$23,086
3 years$16,568$16,098$15,646$15,211$14,792$14,568
4 years$12,302$11,834$11,386$10,959$10,550$10,332
5 years$9,743$9,278$8,836$8,417$8,020$7,810
6 years$8,038$7,576$7,141$6,731$6,346$6,143
7 years$6,820$6,362$5,934$5,534$5,161$4,966
8 years$5,907$5,454$5,033$4,643$4,281$4,094
9 years$5,198$4,748$4,335$3,954$3,606$3,426
10 years$4,631$4,186$3,779$3,409$3,072$2,900
11 years$4,167$3,726$3,327$2,967$2,642$2,478
12 years$3,780$3,344$2,953$2,602$2,290$2,133
13 years$3,454$3,022$2,638$2,297$1,997$1,847
14 years$3,174$2,747$2,370$2,039$1,750$1,608
15 years$2,932$2,510$2,140$1,819$1,541$1,405
16 years$2,720$2,303$1,940$1,628$1,362$1,233
17 years$2,534$2,121$1,766$1,463$1,208$1,085
18 years$2,368$1,959$1,612$1,319$1,074$957
19 years$2,220$1,816$1,475$1,191$957$847
20 years$2,087$1,688$1,354$1,079$855$750
21 years$1,967$1,572$1,246$979$765$666
22 years$1,857$1,467$1,148$890$686$592
23 years$1,758$1,372$1,060$811$616$527
24 years$1,667$1,286$980$740$553$470
25 years$1,583$1,207$908$675$498$420
26 years$1,506$1,134$842$618$448$375
27 years$1,435$1,067$782$565$404$335
28 years$1,368$1,006$727$518$365$300
29 years$1,307$949$676$475$329$268
30 years$1,250$896$630$436$298$240
31 years$1,196$847$587$400$269$215
32 years$1,146$801$548$368$243$193
33 years$1,100$759$512$338$220$173
34 years$1,056$719$478$311$199$155
35 years$1,014$682$447$287$181$139
36 years$975$648$418$264$164$125
37 years$938$615$391$243$148$112
38 years$904$585$367$224$134$101
39 years$871$556$343$207$122$91
40 years$839$529$322$191$111$81
41 years$810$503$302$176$100$73
42 years$782$479$283$162$91$66
43 years$755$457$266$150$83$59
44 years$730$435$249$138$75$53
45 years$705$415$234$128$68$48
46 years$682$396$220$118$62$43
47 years$660$378$207$109$56$39
48 years$639$361$194$101$51$35
49 years$619$345$182$93$46$31
50 years$599$329$172$86$42$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $614,000, adding $6,945 every year, while hoping to spend $50,135 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: 45/37/18 Blend
53$614,000$614,000$614,000$614,000
54$683,792$651,250$641,733$710,742
55$700,195$629,818$609,888$708,873
56$716,592$605,655$575,295$701,308
57$732,927$578,576$537,811$692,046
58$749,141$548,381$497,283$680,953
59$765,165$514,863$453,553$667,884
60$780,920$477,800$406,456$652,684
61$796,321$436,959$355,819$635,187
62$811,269$392,093$301,462$615,216
63$825,653$342,941$243,196$592,578
64$839,351$289,226$180,824$567,071
65$852,225$230,659$114,142$538,474
66$864,121$166,930$42,935$506,552
67$874,867$97,715$0$471,052
68$884,271$22,671$0$438,051
69$892,120$0$0$410,121
70$898,175$0$0$402,586
71$902,172$0$0$403,219
72$903,817$0$0$402,644
73$902,782$0$0$400,696
74$898,706$0$0$397,194
75$891,185$0$0$391,937
76$879,772$0$0$384,703
77$863,973$0$0$375,243
78$843,237$0$0$363,284
79$816,957$0$0$348,524
80$784,460$0$0$330,625
81$744,999$0$0$309,217
82$697,750$0$0$283,889
83$641,799$0$0$254,186
84$576,137$0$0$219,606
85$499,647$0$0$179,592
86$411,094$0$0$133,531
87$309,114$0$0$80,744
88$192,200$0$0$20,481
89$58,683$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