Can I retire at age 54 with 619,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.8%
1 years$51,116$50,661$50,217$49,783$49,360$47,799
2 years$25,305$24,834$24,377$23,934$23,505$21,946
3 years$16,703$16,229$15,774$15,335$14,912$13,405
4 years$12,402$11,930$11,479$11,048$10,636$9,191
5 years$9,822$9,353$8,908$8,486$8,085$6,708
6 years$8,103$7,638$7,199$6,786$6,397$5,088
7 years$6,876$6,414$5,983$5,579$5,203$3,961
8 years$5,956$5,498$5,074$4,680$4,316$3,142
9 years$5,240$4,787$4,370$3,987$3,635$2,526
10 years$4,668$4,220$3,810$3,437$3,097$2,052
11 years$4,201$3,756$3,354$2,991$2,664$1,681
12 years$3,811$3,372$2,977$2,623$2,308$1,386
13 years$3,482$3,047$2,659$2,316$2,013$1,148
14 years$3,200$2,770$2,390$2,056$1,764$955
15 years$2,956$2,530$2,157$1,833$1,554$797
16 years$2,742$2,321$1,956$1,642$1,373$667
17 years$2,554$2,138$1,780$1,475$1,217$560
18 years$2,387$1,975$1,625$1,329$1,082$471
19 years$2,238$1,831$1,487$1,201$965$396
20 years$2,104$1,701$1,365$1,088$862$334
21 years$1,983$1,585$1,256$987$771$282
22 years$1,872$1,479$1,157$898$691$238
23 years$1,772$1,384$1,069$818$621$201
24 years$1,680$1,296$988$746$558$170
25 years$1,596$1,216$915$681$502$144
26 years$1,518$1,143$849$623$452$122
27 years$1,446$1,076$788$570$408$103
28 years$1,380$1,014$733$522$368$88
29 years$1,318$956$682$479$332$74
30 years$1,260$903$635$439$300$63
31 years$1,206$854$592$404$271$53
32 years$1,156$808$553$371$245$45
33 years$1,109$765$516$341$222$38
34 years$1,064$725$482$314$201$33
35 years$1,022$688$451$289$182$28
36 years$983$653$422$266$165$23
37 years$946$620$395$245$150$20
38 years$911$589$370$226$136$17
39 years$878$560$346$208$123$14
40 years$846$533$324$192$112$12
41 years$816$507$304$177$101$10
42 years$788$483$285$164$92$9
43 years$761$461$268$151$83$7
44 years$735$439$251$139$76$6
45 years$711$419$236$129$69$5
46 years$688$399$222$119$62$5
47 years$665$381$208$110$57$4
48 years$644$364$196$102$51$3
49 years$624$347$184$94$47$3
50 years$604$332$173$87$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $619,000, adding $6,828 every year, while hoping to spend $21,438 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: 62/10/28 Blend
53$619,000$619,000$619,000$619,000
54$689,181$656,374$646,780$726,349
55$736,668$665,727$645,637$761,758
56$788,279$674,819$643,737$797,481
57$844,414$683,615$641,033$836,032
58$905,511$692,079$637,474$877,693
59$972,050$700,168$633,006$922,772
60$1,044,563$707,840$627,576$971,613
61$1,123,634$715,049$621,125$1,024,591
62$1,209,904$721,746$613,592$1,082,124
63$1,304,081$727,878$604,914$1,144,671
64$1,406,943$733,390$595,025$1,212,738
65$1,519,347$738,223$583,854$1,286,885
66$1,642,237$742,312$571,330$1,367,729
67$1,776,651$745,591$557,375$1,455,950
68$1,923,732$747,988$541,910$1,552,299
69$2,084,741$749,427$524,852$1,657,605
70$2,261,063$749,828$506,113$1,772,781
71$2,454,226$749,104$485,603$1,898,835
72$2,665,912$747,165$463,225$2,036,879
73$2,897,972$743,913$438,880$2,188,140
74$3,152,447$739,246$412,464$2,353,971
75$3,431,582$733,055$383,867$2,535,863
76$3,737,854$725,225$352,977$2,735,463
77$4,073,987$715,633$319,674$2,954,586
78$4,442,984$704,149$283,833$3,195,234
79$4,848,153$690,637$245,326$3,459,614
80$5,293,136$674,950$204,016$3,750,162
81$5,781,948$656,934$159,762$4,069,563
82$6,319,008$636,426$112,416$4,420,777
83$6,909,190$613,253$61,825$4,807,070
84$7,557,857$587,233$7,826$5,232,042
85$8,270,922$558,171$0$5,699,664
86$9,054,898$525,863$0$6,229,193
87$9,916,961$490,093$0$6,814,038
88$10,865,015$450,632$0$7,457,236
89$11,907,771$407,238$0$8,164,713
90$13,054,826$359,655$0$8,942,999
91$14,316,753$307,613$0$9,799,288
92$15,705,203$250,826$0$10,741,510
93$17,233,010$188,994$0$11,778,404
94$18,914,319$121,796$0$12,919,598
95$20,764,713$48,898$0$14,175,704
96$22,801,364$0$0$15,558,416
97$25,043,189$0$0$17,083,928
98$27,511,038$0$0$18,769,224
99$30,227,881$0$0$20,624,616
100$33,219,030$0$0$22,667,398