Can I retire at age 54 with 618,000?

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 $618,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$51,034$50,579$50,136$49,703$49,280$48,108
2 years$25,264$24,794$24,338$23,896$23,467$22,293
3 years$16,676$16,203$15,748$15,310$14,888$13,749
4 years$12,382$11,911$11,461$11,030$10,618$9,523
5 years$9,807$9,338$8,894$8,472$8,072$7,023
6 years$8,090$7,625$7,188$6,775$6,387$5,386
7 years$6,865$6,404$5,973$5,570$5,194$4,241
8 years$5,946$5,489$5,066$4,673$4,309$3,403
9 years$5,232$4,779$4,363$3,980$3,629$2,770
10 years$4,661$4,213$3,804$3,431$3,092$2,279
11 years$4,194$3,750$3,349$2,986$2,659$1,890
12 years$3,805$3,366$2,972$2,619$2,305$1,579
13 years$3,476$3,042$2,655$2,312$2,010$1,326
14 years$3,195$2,765$2,386$2,053$1,762$1,118
15 years$2,951$2,526$2,154$1,831$1,551$947
16 years$2,738$2,318$1,953$1,639$1,371$804
17 years$2,550$2,134$1,777$1,473$1,215$684
18 years$2,383$1,972$1,622$1,327$1,081$584
19 years$2,234$1,828$1,485$1,199$963$499
20 years$2,100$1,699$1,363$1,086$860$427
21 years$1,979$1,582$1,254$986$770$366
22 years$1,869$1,477$1,155$896$690$314
23 years$1,769$1,381$1,067$816$620$270
24 years$1,678$1,294$987$744$557$232
25 years$1,593$1,215$914$680$501$199
26 years$1,516$1,141$848$622$451$171
27 years$1,444$1,074$787$569$407$148
28 years$1,377$1,012$732$521$367$127
29 years$1,316$955$681$478$332$110
30 years$1,258$902$634$439$300$94
31 years$1,204$853$591$403$271$81
32 years$1,154$807$552$370$245$70
33 years$1,107$764$515$341$222$61
34 years$1,062$724$481$313$201$52
35 years$1,021$687$450$288$182$45
36 years$982$652$421$266$165$39
37 years$944$619$394$245$149$34
38 years$909$588$369$226$135$29
39 years$876$559$346$208$123$25
40 years$845$532$324$192$111$22
41 years$815$507$304$177$101$19
42 years$787$483$285$163$92$16
43 years$760$460$267$151$83$14
44 years$734$438$251$139$76$12
45 years$710$418$236$129$69$10
46 years$687$399$221$119$62$9
47 years$664$380$208$110$57$8
48 years$643$363$195$101$51$7
49 years$623$347$184$94$47$6
50 years$603$331$173$87$42$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $618,000, adding $6,820 every year, while hoping to spend $46,276 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: 58/23/19 Blend
53$618,000$618,000$618,000$618,000
54$688,071$655,317$645,738$724,156
55$709,017$638,190$618,133$732,312
56$730,548$618,673$588,052$735,578
57$752,676$596,600$555,364$738,099
58$775,411$571,795$519,930$739,814
59$798,762$544,072$481,607$740,656
60$822,739$513,236$440,244$740,554
61$847,351$479,077$395,685$739,433
62$872,605$441,376$347,765$737,212
63$898,508$399,900$296,312$733,806
64$925,066$354,405$241,148$729,124
65$952,282$304,630$182,086$723,070
66$980,159$250,301$118,930$715,541
67$1,008,697$191,129$51,477$706,427
68$1,037,897$126,806$0$695,613
69$1,067,754$57,011$0$687,132
70$1,098,262$0$0$688,103
71$1,129,412$0$0$692,693
72$1,161,191$0$0$712,086
73$1,193,585$0$0$731,842
74$1,226,572$0$0$751,948
75$1,260,128$0$0$772,387
76$1,294,223$0$0$793,138
77$1,328,821$0$0$814,178
78$1,363,879$0$0$835,479
79$1,399,347$0$0$857,007
80$1,435,169$0$0$878,725
81$1,471,277$0$0$900,588
82$1,507,594$0$0$922,547
83$1,544,032$0$0$944,544
84$1,580,491$0$0$966,513
85$1,616,856$0$0$988,381
86$1,652,998$0$0$1,010,062
87$1,688,770$0$0$1,031,462
88$1,724,006$0$0$1,052,474
89$1,758,520$0$0$1,072,976
90$1,792,102$0$0$1,092,835
91$1,824,518$0$0$1,111,896
92$1,855,503$0$0$1,129,991
93$1,884,763$0$0$1,146,930
94$1,911,966$0$0$1,162,499
95$1,936,746$0$0$1,176,461
96$1,958,691$0$0$1,188,552
97$1,977,343$0$0$1,198,478
98$1,992,191$0$0$1,205,909
99$2,002,668$0$0$1,210,482
100$2,008,144$0$0$1,211,791