Can I retire at age 54 with 621,000?

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 $621,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$51,282$50,825$50,379$49,944$49,519$49,146
2 years$25,387$24,914$24,456$24,012$23,581$23,204
3 years$16,757$16,282$15,825$15,384$14,961$14,592
4 years$12,442$11,969$11,516$11,084$10,670$10,313
5 years$9,854$9,384$8,937$8,513$8,111$7,767
6 years$8,129$7,662$7,222$6,808$6,418$6,087
7 years$6,898$6,435$6,002$5,597$5,220$4,901
8 years$5,975$5,516$5,090$4,695$4,330$4,025
9 years$5,257$4,803$4,384$4,000$3,647$3,354
10 years$4,683$4,233$3,822$3,448$3,107$2,828
11 years$4,214$3,769$3,365$3,000$2,672$2,405
12 years$3,824$3,383$2,986$2,632$2,316$2,061
13 years$3,493$3,057$2,668$2,323$2,019$1,777
14 years$3,210$2,779$2,397$2,063$1,770$1,540
15 years$2,965$2,538$2,164$1,839$1,559$1,340
16 years$2,751$2,329$1,962$1,647$1,377$1,170
17 years$2,563$2,145$1,786$1,480$1,221$1,024
18 years$2,395$1,982$1,630$1,334$1,086$900
19 years$2,245$1,837$1,492$1,205$968$792
20 years$2,111$1,707$1,370$1,091$865$698
21 years$1,989$1,590$1,260$991$774$617
22 years$1,879$1,484$1,161$901$694$545
23 years$1,778$1,388$1,072$820$623$483
24 years$1,686$1,300$991$748$560$428
25 years$1,601$1,220$918$683$504$380
26 years$1,523$1,147$852$625$454$338
27 years$1,451$1,079$791$572$409$300
28 years$1,384$1,017$735$524$369$267
29 years$1,322$960$684$480$333$238
30 years$1,264$906$637$441$301$212
31 years$1,210$857$594$405$272$189
32 years$1,160$811$554$372$246$168
33 years$1,112$768$518$342$223$150
34 years$1,068$728$484$315$202$134
35 years$1,026$690$452$290$183$119
36 years$986$655$423$267$166$107
37 years$949$622$396$246$150$95
38 years$914$591$371$227$136$85
39 years$881$562$347$209$123$76
40 years$849$535$326$193$112$68
41 years$819$509$305$178$102$61
42 years$791$485$286$164$92$54
43 years$764$462$269$152$84$48
44 years$738$440$252$140$76$43
45 years$713$420$237$129$69$39
46 years$690$401$222$119$63$34
47 years$668$382$209$110$57$31
48 years$646$365$196$102$52$28
49 years$626$349$185$94$47$25
50 years$606$333$174$87$43$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $621,000, adding $5,316 every year, while hoping to spend $32,617 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: 41/31/28 Blend
53$621,000$621,000$621,000$621,000
54$689,825$656,912$647,287$712,246
55$725,483$654,397$634,267$726,439
56$763,685$650,665$619,717$738,348
57$804,656$645,623$603,553$750,617
58$848,643$639,170$585,684$763,299
59$895,917$631,201$566,016$776,455
60$946,775$621,605$544,452$790,155
61$1,001,543$610,261$520,889$804,478
62$1,060,582$597,045$495,220$819,515
63$1,124,284$581,823$467,333$835,367
64$1,193,083$564,454$437,110$852,151
65$1,267,454$544,789$404,430$869,997
66$1,347,921$522,670$369,165$889,054
67$1,435,057$497,929$331,180$909,489
68$1,529,495$470,390$290,337$931,489
69$1,631,930$439,866$246,490$955,264
70$1,743,126$406,158$199,486$981,053
71$1,863,922$369,057$149,167$1,009,121
72$1,995,245$328,344$95,366$1,039,766
73$2,138,110$283,783$37,911$1,073,322
74$2,293,637$235,128$0$1,110,160
75$2,463,058$182,118$0$1,157,692
76$2,647,726$124,479$0$1,221,932
77$2,849,134$61,918$0$1,292,120
78$3,068,922$0$0$1,368,898
79$3,308,898$0$0$1,454,980
80$3,571,051$0$0$1,572,164
81$3,857,569$0$0$1,700,317
82$4,170,864$0$0$1,840,528
83$4,513,589$0$0$1,993,994
84$4,888,667$0$0$2,162,033
85$5,299,315$0$0$2,346,099
86$5,749,078$0$0$2,547,792
87$6,241,858$0$0$2,768,872
88$6,781,952$0$0$3,011,281
89$7,374,093$0$0$3,277,154
90$8,023,495$0$0$3,568,847
91$8,735,899$0$0$3,888,951
92$9,517,630$0$0$4,240,322
93$10,375,653$0$0$4,626,106
94$11,317,642$0$0$5,049,769
95$12,352,050$0$0$5,515,126
96$13,488,187$0$0$6,026,384
97$14,736,312$0$0$6,588,174
98$16,107,724$0$0$7,205,601
99$17,614,871$0$0$7,884,286
100$19,271,469$0$0$8,630,424