Can I retire at age 54 with 617,000?

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 $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$50,951$50,497$50,055$49,622$49,200$47,455
2 years$25,223$24,754$24,298$23,857$23,429$21,689
3 years$16,649$16,177$15,723$15,285$14,864$13,184
4 years$12,362$11,892$11,442$11,012$10,601$8,994
5 years$9,791$9,323$8,880$8,458$8,059$6,529
6 years$8,077$7,613$7,176$6,764$6,377$4,926
7 years$6,854$6,393$5,963$5,561$5,186$3,813
8 years$5,936$5,480$5,057$4,665$4,302$3,006
9 years$5,223$4,772$4,356$3,974$3,623$2,402
10 years$4,653$4,206$3,798$3,425$3,087$1,940
11 years$4,187$3,744$3,343$2,981$2,655$1,578
12 years$3,799$3,361$2,967$2,615$2,301$1,292
13 years$3,471$3,037$2,651$2,309$2,006$1,063
14 years$3,190$2,761$2,382$2,049$1,759$879
15 years$2,946$2,522$2,150$1,828$1,549$728
16 years$2,734$2,314$1,950$1,636$1,369$605
17 years$2,546$2,131$1,774$1,470$1,213$504
18 years$2,380$1,969$1,620$1,325$1,079$420
19 years$2,231$1,825$1,483$1,197$962$351
20 years$2,097$1,696$1,361$1,084$859$294
21 years$1,976$1,580$1,252$984$769$246
22 years$1,866$1,474$1,154$895$689$206
23 years$1,766$1,379$1,065$815$619$173
24 years$1,675$1,292$985$743$556$145
25 years$1,591$1,213$912$679$500$122
26 years$1,513$1,140$846$621$451$102
27 years$1,442$1,072$786$568$406$86
28 years$1,375$1,011$730$520$367$72
29 years$1,313$953$680$477$331$61
30 years$1,256$900$633$438$299$51
31 years$1,202$851$590$402$270$43
32 years$1,152$805$551$370$245$36
33 years$1,105$763$514$340$221$30
34 years$1,061$723$480$313$200$26
35 years$1,019$686$449$288$182$22
36 years$980$651$420$265$164$18
37 years$943$618$393$244$149$15
38 years$908$587$368$225$135$13
39 years$875$559$345$208$123$11
40 years$844$531$323$192$111$9
41 years$814$506$303$177$101$8
42 years$786$482$284$163$92$6
43 years$759$459$267$151$83$5
44 years$733$438$251$139$75$5
45 years$709$417$235$128$68$4
46 years$685$398$221$119$62$3
47 years$663$380$208$110$56$3
48 years$642$363$195$101$51$2
49 years$622$346$183$94$47$2
50 years$602$331$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 $617,000, adding $4,754 every year, while hoping to spend $24,804 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: 38/32/30 Blend
53$617,000$617,000$617,000$617,000
54$684,838$652,137$642,573$704,606
55$728,300$657,700$637,708$725,183
56$775,364$662,705$631,849$744,809
57$826,371$667,097$624,936$765,555
58$881,696$670,820$616,906$787,540
59$941,752$673,814$607,696$810,897
60$1,006,993$676,012$597,235$835,772
61$1,077,917$677,348$585,454$862,331
62$1,155,074$677,748$572,276$890,754
63$1,239,069$677,134$557,624$921,246
64$1,330,565$675,425$541,416$954,030
65$1,430,295$672,534$523,566$989,359
66$1,539,064$668,367$503,984$1,027,510
67$1,657,758$662,826$482,577$1,068,793
68$1,787,353$655,808$459,247$1,113,550
69$1,928,922$647,202$433,891$1,162,164
70$2,083,648$636,891$406,402$1,215,055
71$2,252,833$624,750$376,669$1,272,694
72$2,437,908$610,650$344,574$1,335,600
73$2,640,453$594,450$309,995$1,404,349
74$2,862,205$576,003$272,806$1,479,581
75$3,105,076$555,154$232,871$1,562,002
76$3,371,175$531,738$190,054$1,652,397
77$3,662,821$505,579$144,207$1,751,634
78$3,982,571$476,494$95,179$1,860,675
79$4,333,238$444,288$42,813$1,980,582
80$4,717,923$408,753$0$2,112,535
81$5,140,042$369,672$0$2,262,020
82$5,603,354$326,814$0$2,441,193
83$6,112,004$279,935$0$2,637,988
84$6,670,555$228,779$0$2,854,227
85$7,284,034$173,072$0$3,091,927
86$7,957,980$112,527$0$3,353,307
87$8,698,495$46,842$0$3,640,822
88$9,512,300$0$0$3,957,177
89$10,406,799$0$0$4,313,919
90$11,390,150$0$0$4,724,320
91$12,471,342$0$0$5,175,650
92$13,660,277$0$0$5,672,052
93$14,967,864$0$0$6,218,095
94$16,406,124$0$0$6,818,810
95$17,988,299$0$0$7,479,742
96$19,728,982$0$0$8,207,000
97$21,644,249$0$0$9,007,314
98$23,751,816$0$0$9,888,101
99$26,071,200$0$0$10,857,533
100$28,623,907$0$0$11,924,613