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%16.1%
1 years$50,786$50,334$49,892$49,462$49,041$47,817
2 years$25,142$24,673$24,220$23,780$23,353$22,127
3 years$16,595$16,124$15,672$15,236$14,816$13,627
4 years$12,322$11,853$11,405$10,977$10,567$9,424
5 years$9,759$9,293$8,851$8,431$8,033$6,939
6 years$8,051$7,588$7,153$6,742$6,356$5,313
7 years$6,831$6,373$5,944$5,543$5,169$4,176
8 years$5,917$5,463$5,041$4,650$4,288$3,346
9 years$5,206$4,756$4,342$3,961$3,611$2,718
10 years$4,638$4,192$3,785$3,414$3,077$2,232
11 years$4,173$3,732$3,332$2,971$2,646$1,848
12 years$3,787$3,350$2,957$2,606$2,293$1,540
13 years$3,459$3,027$2,642$2,301$2,000$1,291
14 years$3,179$2,752$2,374$2,043$1,753$1,087
15 years$2,937$2,514$2,144$1,822$1,544$918
16 years$2,725$2,306$1,943$1,631$1,364$778
17 years$2,538$2,124$1,768$1,466$1,210$661
18 years$2,372$1,963$1,614$1,321$1,075$562
19 years$2,224$1,819$1,478$1,193$959$480
20 years$2,090$1,690$1,356$1,081$856$410
21 years$1,970$1,574$1,248$981$766$350
22 years$1,860$1,470$1,150$892$687$300
23 years$1,761$1,375$1,062$812$617$257
24 years$1,669$1,288$982$741$554$220
25 years$1,586$1,209$909$677$499$189
26 years$1,508$1,136$843$619$449$162
27 years$1,437$1,069$783$566$405$139
28 years$1,371$1,007$728$519$365$120
29 years$1,309$950$678$476$330$103
30 years$1,252$897$631$437$298$88
31 years$1,198$848$588$401$270$76
32 years$1,148$803$549$369$244$65
33 years$1,101$760$513$339$221$56
34 years$1,057$721$479$312$200$48
35 years$1,016$683$448$287$181$42
36 years$977$649$419$264$164$36
37 years$940$616$392$244$149$31
38 years$905$585$367$225$135$27
39 years$872$557$344$207$122$23
40 years$841$530$322$191$111$20
41 years$811$504$302$176$101$17
42 years$783$480$284$163$91$15
43 years$756$458$266$150$83$13
44 years$731$436$250$139$75$11
45 years$706$416$235$128$68$9
46 years$683$397$220$118$62$8
47 years$661$379$207$109$56$7
48 years$640$361$194$101$51$6
49 years$620$345$183$93$46$5
50 years$600$330$172$86$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $615,000, adding $4,723 every year, while hoping to spend $41,050 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: 55/15/30 Blend
53$615,000$615,000$615,000$615,000
54$682,602$650,007$640,474$714,224
55$708,550$638,180$618,253$724,770
56$735,770$624,398$593,912$731,653
57$764,346$608,522$567,336$738,340
58$794,374$590,404$538,406$744,826
59$825,954$569,888$506,997$751,112
60$859,198$546,809$472,978$757,196
61$894,227$520,993$436,213$763,084
62$931,171$492,255$396,559$768,781
63$970,174$460,399$353,868$774,297
64$1,011,392$425,218$307,982$779,647
65$1,054,995$386,496$258,741$784,848
66$1,101,170$343,999$205,975$789,925
67$1,150,120$297,485$149,505$794,909
68$1,202,066$246,696$89,147$799,835
69$1,257,252$191,359$24,709$804,748
70$1,315,943$131,187$0$809,701
71$1,378,429$65,876$0$828,861
72$1,445,030$0$0$857,557
73$1,516,092$0$0$888,837
74$1,591,999$0$0$933,897
75$1,673,168$0$0$982,116
76$1,760,057$0$0$1,033,772
77$1,853,171$0$0$1,089,169
78$1,953,060$0$0$1,148,640
79$2,060,331$0$0$1,212,551
80$2,175,646$0$0$1,281,303
81$2,299,737$0$0$1,355,337
82$2,433,403$0$0$1,435,138
83$2,577,525$0$0$1,521,239
84$2,733,068$0$0$1,614,222
85$2,901,095$0$0$1,714,731
86$3,082,772$0$0$1,823,471
87$3,279,382$0$0$1,941,219
88$3,492,334$0$0$2,068,827
89$3,723,179$0$0$2,207,234
90$3,973,620$0$0$2,357,471
91$4,245,533$0$0$2,520,673
92$4,540,979$0$0$2,698,087
93$4,862,226$0$0$2,891,088
94$5,211,770$0$0$3,101,185
95$5,592,355$0$0$3,330,041
96$6,007,003$0$0$3,579,486
97$6,459,038$0$0$3,851,531
98$6,952,119$0$0$4,148,394
99$7,490,274$0$0$4,472,514
100$8,077,936$0$0$4,826,574