Can I retire at age 54 with 615,000?

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 $615,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$50,786$50,334$49,892$49,462$49,041$47,170
2 years$25,142$24,673$24,220$23,780$23,353$21,490
3 years$16,595$16,124$15,672$15,236$14,816$13,019
4 years$12,322$11,853$11,405$10,977$10,567$8,851
5 years$9,759$9,293$8,851$8,431$8,033$6,401
6 years$8,051$7,588$7,153$6,742$6,356$4,810
7 years$6,831$6,373$5,944$5,543$5,169$3,709
8 years$5,917$5,463$5,041$4,650$4,288$2,912
9 years$5,206$4,756$4,342$3,961$3,611$2,317
10 years$4,638$4,192$3,785$3,414$3,077$1,863
11 years$4,173$3,732$3,332$2,971$2,646$1,509
12 years$3,787$3,350$2,957$2,606$2,293$1,230
13 years$3,459$3,027$2,642$2,301$2,000$1,007
14 years$3,179$2,752$2,374$2,043$1,753$828
15 years$2,937$2,514$2,144$1,822$1,544$683
16 years$2,725$2,306$1,943$1,631$1,364$565
17 years$2,538$2,124$1,768$1,466$1,210$468
18 years$2,372$1,963$1,614$1,321$1,075$388
19 years$2,224$1,819$1,478$1,193$959$323
20 years$2,090$1,690$1,356$1,081$856$268
21 years$1,970$1,574$1,248$981$766$224
22 years$1,860$1,470$1,150$892$687$186
23 years$1,761$1,375$1,062$812$617$155
24 years$1,669$1,288$982$741$554$130
25 years$1,586$1,209$909$677$499$108
26 years$1,508$1,136$843$619$449$90
27 years$1,437$1,069$783$566$405$76
28 years$1,371$1,007$728$519$365$63
29 years$1,309$950$678$476$330$53
30 years$1,252$897$631$437$298$44
31 years$1,198$848$588$401$270$37
32 years$1,148$803$549$369$244$31
33 years$1,101$760$513$339$221$26
34 years$1,057$721$479$312$200$22
35 years$1,016$683$448$287$181$18
36 years$977$649$419$264$164$15
37 years$940$616$392$244$149$13
38 years$905$585$367$225$135$11
39 years$872$557$344$207$122$9
40 years$841$530$322$191$111$7
41 years$811$504$302$176$101$6
42 years$783$480$284$163$91$5
43 years$756$458$266$150$83$4
44 years$731$436$250$139$75$4
45 years$706$416$235$128$68$3
46 years$683$397$220$118$62$3
47 years$661$379$207$109$56$2
48 years$640$361$194$101$51$2
49 years$620$345$183$93$46$1
50 years$600$330$172$86$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $615,000, adding $5,187 every year, while hoping to spend $52,032 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: 83/10/7 Blend
53$615,000$615,000$615,000$615,000
54$683,080$650,485$640,953$738,900
55$697,393$626,998$607,063$752,655
56$711,421$600,615$570,294$760,220
57$725,082$571,141$530,495$766,909
58$738,281$538,367$487,506$772,603
59$750,911$502,073$441,164$777,172
60$762,856$462,026$391,295$780,471
61$773,983$417,981$337,719$782,339
62$784,145$369,677$280,248$782,601
63$793,176$316,840$218,684$781,064
64$800,893$259,178$152,824$777,515
65$807,092$196,386$82,451$771,719
66$811,545$128,139$7,343$763,418
67$814,000$54,095$0$752,328
68$814,175$0$0$743,575
69$811,758$0$0$735,189
70$806,402$0$0$730,060
71$797,723$0$0$721,885
72$785,294$0$0$710,273
73$768,643$0$0$694,791
74$747,246$0$0$674,960
75$720,523$0$0$650,249
76$687,832$0$0$620,070
77$648,461$0$0$583,774
78$601,624$0$0$540,640
79$546,451$0$0$489,871
80$481,979$0$0$430,588
81$407,144$0$0$361,817
82$320,771$0$0$282,481
83$221,558$0$0$191,391
84$108,070$0$0$87,234
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$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