Can I retire at age 54 with 619,000?

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 $619,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$51,116$50,661$50,217$49,783$49,360$48,926
2 years$25,305$24,834$24,377$23,934$23,505$23,067
3 years$16,703$16,229$15,774$15,335$14,912$14,485
4 years$12,402$11,930$11,479$11,048$10,636$10,222
5 years$9,822$9,353$8,908$8,486$8,085$7,686
6 years$8,103$7,638$7,199$6,786$6,397$6,014
7 years$6,876$6,414$5,983$5,579$5,203$4,835
8 years$5,956$5,498$5,074$4,680$4,316$3,963
9 years$5,240$4,787$4,370$3,987$3,635$3,297
10 years$4,668$4,220$3,810$3,437$3,097$2,775
11 years$4,201$3,756$3,354$2,991$2,664$2,356
12 years$3,811$3,372$2,977$2,623$2,308$2,015
13 years$3,482$3,047$2,659$2,316$2,013$1,734
14 years$3,200$2,770$2,390$2,056$1,764$1,499
15 years$2,956$2,530$2,157$1,833$1,554$1,302
16 years$2,742$2,321$1,956$1,642$1,373$1,134
17 years$2,554$2,138$1,780$1,475$1,217$991
18 years$2,387$1,975$1,625$1,329$1,082$869
19 years$2,238$1,831$1,487$1,201$965$763
20 years$2,104$1,701$1,365$1,088$862$671
21 years$1,983$1,585$1,256$987$771$592
22 years$1,872$1,479$1,157$898$691$522
23 years$1,772$1,384$1,069$818$621$461
24 years$1,680$1,296$988$746$558$408
25 years$1,596$1,216$915$681$502$361
26 years$1,518$1,143$849$623$452$320
27 years$1,446$1,076$788$570$408$284
28 years$1,380$1,014$733$522$368$252
29 years$1,318$956$682$479$332$224
30 years$1,260$903$635$439$300$199
31 years$1,206$854$592$404$271$177
32 years$1,156$808$553$371$245$157
33 years$1,109$765$516$341$222$140
34 years$1,064$725$482$314$201$124
35 years$1,022$688$451$289$182$111
36 years$983$653$422$266$165$99
37 years$946$620$395$245$150$88
38 years$911$589$370$226$136$78
39 years$878$560$346$208$123$70
40 years$846$533$324$192$112$62
41 years$816$507$304$177$101$55
42 years$788$483$285$164$92$49
43 years$761$461$268$151$83$44
44 years$735$439$251$139$76$39
45 years$711$419$236$129$69$35
46 years$688$399$222$119$62$31
47 years$665$381$208$110$57$28
48 years$644$364$196$102$51$25
49 years$624$347$184$94$47$22
50 years$604$332$173$87$42$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $619,000, adding $5,251 every year, while hoping to spend $33,943 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: 38/41/21 Blend
53$619,000$619,000$619,000$619,000
54$687,554$654,747$645,153$709,184
55$721,570$650,715$630,650$721,283
56$757,917$645,347$614,525$730,771
57$796,799$638,543$596,685$740,332
58$838,436$630,195$577,037$749,993
59$883,071$620,190$555,483$759,785
60$930,971$608,406$531,918$769,746
61$982,429$594,716$506,236$779,920
62$1,037,764$578,985$478,323$790,359
63$1,097,331$561,071$448,062$801,124
64$1,161,516$540,820$415,329$812,284
65$1,230,743$518,073$379,995$823,921
66$1,305,481$492,660$341,927$836,128
67$1,386,241$464,402$300,983$849,013
68$1,473,589$433,108$257,016$862,698
69$1,568,143$398,579$209,875$877,324
70$1,670,586$360,601$159,398$893,049
71$1,781,666$318,951$105,418$910,056
72$1,902,208$273,392$47,762$928,549
73$2,033,118$223,673$0$948,761
74$2,175,392$169,530$0$974,040
75$2,330,128$110,682$0$1,013,218
76$2,498,532$46,836$0$1,055,959
77$2,681,930$0$0$1,102,685
78$2,881,785$0$0$1,163,938
79$3,099,703$0$0$1,253,844
80$3,337,454$0$0$1,352,012
81$3,596,986$0$0$1,459,258
82$3,880,441$0$0$1,576,477
83$4,190,181$0$0$1,704,656
84$4,528,804$0$0$1,844,882
85$4,899,169$0$0$1,998,350
86$5,304,427$0$0$2,166,380
87$5,748,046$0$0$2,350,420
88$6,233,845$0$0$2,552,069
89$6,766,030$0$0$2,773,087
90$7,349,232$0$0$3,015,410
91$7,988,552$0$0$3,281,174
92$8,689,608$0$0$3,572,729
93$9,458,588$0$0$3,892,664
94$10,302,308$0$0$4,243,831
95$11,228,273$0$0$4,629,372
96$12,244,754$0$0$5,052,747
97$13,360,858$0$0$5,517,769
98$14,586,620$0$0$6,028,636
99$15,933,092$0$0$6,589,976
100$17,412,452$0$0$7,206,884