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%11.5%
1 years$51,034$50,579$50,136$49,703$49,280$48,970
2 years$25,264$24,794$24,338$23,896$23,467$23,153
3 years$16,676$16,203$15,748$15,310$14,888$14,582
4 years$12,382$11,911$11,461$11,030$10,618$10,322
5 years$9,807$9,338$8,894$8,472$8,072$7,785
6 years$8,090$7,625$7,188$6,775$6,387$6,111
7 years$6,865$6,404$5,973$5,570$5,194$4,929
8 years$5,946$5,489$5,066$4,673$4,309$4,055
9 years$5,232$4,779$4,363$3,980$3,629$3,385
10 years$4,661$4,213$3,804$3,431$3,092$2,859
11 years$4,194$3,750$3,349$2,986$2,659$2,436
12 years$3,805$3,366$2,972$2,619$2,305$2,092
13 years$3,476$3,042$2,655$2,312$2,010$1,807
14 years$3,195$2,765$2,386$2,053$1,762$1,569
15 years$2,951$2,526$2,154$1,831$1,551$1,367
16 years$2,738$2,318$1,953$1,639$1,371$1,196
17 years$2,550$2,134$1,777$1,473$1,215$1,050
18 years$2,383$1,972$1,622$1,327$1,081$924
19 years$2,234$1,828$1,485$1,199$963$815
20 years$2,100$1,699$1,363$1,086$860$720
21 years$1,979$1,582$1,254$986$770$637
22 years$1,869$1,477$1,155$896$690$565
23 years$1,769$1,381$1,067$816$620$502
24 years$1,678$1,294$987$744$557$446
25 years$1,593$1,215$914$680$501$397
26 years$1,516$1,141$848$622$451$353
27 years$1,444$1,074$787$569$407$315
28 years$1,377$1,012$732$521$367$281
29 years$1,316$955$681$478$332$250
30 years$1,258$902$634$439$300$224
31 years$1,204$853$591$403$271$200
32 years$1,154$807$552$370$245$178
33 years$1,107$764$515$341$222$159
34 years$1,062$724$481$313$201$143
35 years$1,021$687$450$288$182$128
36 years$982$652$421$266$165$114
37 years$944$619$394$245$149$102
38 years$909$588$369$226$135$91
39 years$876$559$346$208$123$82
40 years$845$532$324$192$111$73
41 years$815$507$304$177$101$66
42 years$787$483$285$163$92$59
43 years$760$460$267$151$83$53
44 years$734$438$251$139$76$47
45 years$710$418$236$129$69$42
46 years$687$399$221$119$62$38
47 years$664$380$208$110$57$34
48 years$643$363$195$101$51$30
49 years$623$347$184$94$47$27
50 years$603$331$173$87$42$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $618,000, adding $2,188 every year, while hoping to spend $42,547 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: 78/5/17 Blend
53$618,000$618,000$618,000$618,000
54$683,293$650,539$640,960$733,868
55$707,719$637,146$617,162$754,148
56$733,211$621,670$591,142$770,801
57$759,832$603,965$562,778$787,901
58$787,651$583,876$531,948$805,475
59$816,742$561,237$498,519$823,558
60$847,187$535,874$462,356$842,184
61$879,071$507,604$423,317$861,395
62$912,491$476,230$381,252$881,236
63$947,547$441,548$336,006$901,756
64$984,351$403,338$287,417$923,010
65$1,023,025$361,371$235,315$945,063
66$1,063,698$315,403$179,523$967,981
67$1,106,514$265,177$119,856$991,843
68$1,151,629$210,421$56,121$1,016,733
69$1,199,212$150,848$0$1,042,748
70$1,249,446$86,155$0$1,072,150
71$1,302,534$16,020$0$1,113,904
72$1,358,694$0$0$1,157,989
73$1,418,167$0$0$1,207,889
74$1,481,214$0$0$1,261,731
75$1,548,121$0$0$1,318,881
76$1,619,201$0$0$1,379,606
77$1,694,796$0$0$1,444,200
78$1,775,280$0$0$1,512,986
79$1,861,064$0$0$1,586,313
80$1,952,596$0$0$1,664,569
81$2,050,368$0$0$1,748,175
82$2,154,919$0$0$1,837,594
83$2,266,840$0$0$1,933,334
84$2,386,778$0$0$2,035,951
85$2,515,444$0$0$2,146,055
86$2,653,619$0$0$2,264,317
87$2,802,158$0$0$2,391,471
88$2,962,001$0$0$2,528,325
89$3,134,179$0$0$2,675,766
90$3,319,827$0$0$2,834,766
91$3,520,188$0$0$3,006,396
92$3,736,631$0$0$3,191,830
93$3,970,659$0$0$3,392,360
94$4,223,924$0$0$3,609,405
95$4,498,241$0$0$3,844,526
96$4,795,609$0$0$4,099,439
97$5,118,222$0$0$4,376,031
98$5,468,496$0$0$4,676,375
99$5,849,087$0$0$5,002,756
100$6,262,917$0$0$5,357,683