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%18.1%
1 years$50,786$50,334$49,892$49,462$49,041$47,433
2 years$25,142$24,673$24,220$23,780$23,353$21,748
3 years$16,595$16,124$15,672$15,236$14,816$13,265
4 years$12,322$11,853$11,405$10,977$10,567$9,082
5 years$9,759$9,293$8,851$8,431$8,033$6,617
6 years$8,051$7,588$7,153$6,742$6,356$5,011
7 years$6,831$6,373$5,944$5,543$5,169$3,895
8 years$5,917$5,463$5,041$4,650$4,288$3,083
9 years$5,206$4,756$4,342$3,961$3,611$2,475
10 years$4,638$4,192$3,785$3,414$3,077$2,007
11 years$4,173$3,732$3,332$2,971$2,646$1,640
12 years$3,787$3,350$2,957$2,606$2,293$1,349
13 years$3,459$3,027$2,642$2,301$2,000$1,116
14 years$3,179$2,752$2,374$2,043$1,753$926
15 years$2,937$2,514$2,144$1,822$1,544$772
16 years$2,725$2,306$1,943$1,631$1,364$644
17 years$2,538$2,124$1,768$1,466$1,210$539
18 years$2,372$1,963$1,614$1,321$1,075$452
19 years$2,224$1,819$1,478$1,193$959$380
20 years$2,090$1,690$1,356$1,081$856$320
21 years$1,970$1,574$1,248$981$766$269
22 years$1,860$1,470$1,150$892$687$227
23 years$1,761$1,375$1,062$812$617$191
24 years$1,669$1,288$982$741$554$161
25 years$1,586$1,209$909$677$499$136
26 years$1,508$1,136$843$619$449$115
27 years$1,437$1,069$783$566$405$97
28 years$1,371$1,007$728$519$365$82
29 years$1,309$950$678$476$330$70
30 years$1,252$897$631$437$298$59
31 years$1,198$848$588$401$270$50
32 years$1,148$803$549$369$244$42
33 years$1,101$760$513$339$221$36
34 years$1,057$721$479$312$200$30
35 years$1,016$683$448$287$181$25
36 years$977$649$419$264$164$22
37 years$940$616$392$244$149$18
38 years$905$585$367$225$135$15
39 years$872$557$344$207$122$13
40 years$841$530$322$191$111$11
41 years$811$504$302$176$101$9
42 years$783$480$284$163$91$8
43 years$756$458$266$150$83$7
44 years$731$436$250$139$75$6
45 years$706$416$235$128$68$5
46 years$683$397$220$118$62$4
47 years$661$379$207$109$56$3
48 years$640$361$194$101$51$3
49 years$620$345$183$93$46$2
50 years$600$330$172$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $615,000, adding $2,536 every year, while hoping to spend $33,192 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: 44/42/14 Blend
53$615,000$615,000$615,000$615,000
54$680,346$647,751$638,218$707,433
55$714,425$644,175$624,283$723,026
56$750,868$639,311$608,768$736,386
57$789,881$633,061$591,585$750,144
58$831,689$625,321$572,644$764,348
59$876,540$615,982$551,847$779,057
60$924,708$604,925$529,094$794,338
61$976,489$592,027$504,279$810,263
62$1,032,212$577,157$477,294$826,921
63$1,092,236$560,177$448,022$844,406
64$1,156,957$540,939$416,344$862,828
65$1,226,809$519,287$382,134$882,312
66$1,302,270$495,058$345,261$902,997
67$1,383,862$468,076$305,588$925,042
68$1,472,162$438,159$262,972$948,623
69$1,567,805$405,110$217,263$973,941
70$1,671,485$368,725$168,306$1,001,220
71$1,783,970$328,786$115,937$1,030,712
72$1,906,101$285,062$59,987$1,062,700
73$2,038,804$237,311$278$1,097,500
74$2,183,099$185,277$0$1,135,466
75$2,340,107$128,687$0$1,186,473
76$2,511,061$67,256$0$1,242,146
77$2,697,318$680$0$1,302,967
78$2,900,373$0$0$1,369,522
79$3,121,870$0$0$1,475,437
80$3,363,617$0$0$1,591,449
81$3,627,606$0$0$1,718,208
82$3,916,031$0$0$1,856,776
83$4,231,306$0$0$2,008,323
84$4,576,087$0$0$2,174,134
85$4,953,301$0$0$2,355,629
86$5,366,171$0$0$2,554,369
87$5,818,243$0$0$2,772,071
88$6,313,426$0$0$3,010,629
89$6,856,021$0$0$3,272,128
90$7,450,769$0$0$3,558,864
91$8,102,886$0$0$3,873,366
92$8,818,122$0$0$4,218,419
93$9,602,807$0$0$4,597,092
94$10,463,915$0$0$5,012,764
95$11,409,127$0$0$5,469,158
96$12,446,905$0$0$5,970,374
97$13,586,568$0$0$6,520,930
98$14,838,384$0$0$7,125,803
99$16,213,664$0$0$7,790,474
100$17,724,869$0$0$8,520,984