Can I retire at age 54 with 622,000?

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 $622,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$51,364$50,907$50,460$50,025$49,599$48,578
2 years$25,428$24,954$24,495$24,050$23,619$22,594
3 years$16,783$16,308$15,850$15,409$14,985$13,989
4 years$12,462$11,988$11,535$11,101$10,687$9,728
5 years$9,870$9,399$8,951$8,527$8,124$7,205
6 years$8,143$7,675$7,234$6,819$6,428$5,549
7 years$6,909$6,445$6,012$5,606$5,228$4,390
8 years$5,984$5,525$5,098$4,703$4,337$3,539
9 years$5,266$4,810$4,391$4,006$3,653$2,894
10 years$4,691$4,240$3,828$3,453$3,112$2,393
11 years$4,221$3,775$3,370$3,005$2,677$1,995
12 years$3,830$3,388$2,991$2,636$2,319$1,675
13 years$3,499$3,062$2,672$2,327$2,023$1,414
14 years$3,215$2,783$2,401$2,066$1,773$1,199
15 years$2,970$2,542$2,168$1,842$1,561$1,021
16 years$2,756$2,333$1,966$1,650$1,380$872
17 years$2,567$2,148$1,789$1,482$1,223$746
18 years$2,399$1,985$1,633$1,336$1,088$641
19 years$2,249$1,840$1,495$1,207$970$551
20 years$2,114$1,710$1,372$1,093$866$474
21 years$1,992$1,592$1,262$992$775$409
22 years$1,882$1,486$1,163$902$695$353
23 years$1,781$1,390$1,074$822$624$305
24 years$1,688$1,303$993$749$560$264
25 years$1,604$1,222$920$684$504$228
26 years$1,525$1,149$853$626$454$198
27 years$1,453$1,081$792$573$410$171
28 years$1,386$1,019$736$525$370$149
29 years$1,324$961$685$481$334$129
30 years$1,266$908$638$442$302$112
31 years$1,212$858$595$406$273$97
32 years$1,161$812$555$373$247$84
33 years$1,114$769$518$343$223$73
34 years$1,069$729$484$315$202$63
35 years$1,027$691$453$290$183$55
36 years$988$656$424$267$166$48
37 years$951$623$396$246$150$42
38 years$915$592$371$227$136$36
39 years$882$563$348$209$124$31
40 years$850$536$326$193$112$27
41 years$820$510$306$178$102$24
42 years$792$486$287$164$92$21
43 years$765$463$269$152$84$18
44 years$739$441$253$140$76$16
45 years$714$421$237$129$69$14
46 years$691$401$223$120$63$12
47 years$669$383$209$110$57$10
48 years$647$366$197$102$52$9
49 years$627$349$185$94$47$8
50 years$607$333$174$87$43$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $622,000, adding $3,462 every year, while hoping to spend $35,826 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: 77/12/11 Blend
53$622,000$622,000$622,000$622,000
54$689,015$656,049$646,408$740,413
55$721,176$650,077$629,944$768,752
56$755,417$642,611$611,728$794,902
57$791,911$633,541$591,663$822,555
58$830,851$622,749$569,648$851,848
59$872,444$610,111$545,578$882,931
60$916,921$595,494$519,342$915,968
61$964,532$578,758$490,826$951,143
62$1,015,553$559,756$459,907$988,657
63$1,070,287$538,331$426,461$1,028,733
64$1,129,064$514,318$390,356$1,071,616
65$1,192,250$487,540$351,454$1,117,578
66$1,260,243$457,813$309,611$1,166,918
67$1,333,482$424,941$264,677$1,219,967
68$1,412,450$388,715$216,497$1,277,090
69$1,497,675$348,918$164,905$1,338,691
70$1,589,740$305,317$109,731$1,405,214
71$1,689,283$257,667$50,797$1,477,151
72$1,797,008$205,710$0$1,555,044
73$1,913,686$149,174$0$1,640,913
74$2,040,167$87,768$0$1,740,454
75$2,177,384$21,189$0$1,848,452
76$2,326,365$0$0$1,965,738
77$2,488,239$0$0$2,099,948
78$2,664,248$0$0$2,248,939
79$2,855,760$0$0$2,411,073
80$3,064,279$0$0$2,587,627
81$3,291,459$0$0$2,780,003
82$3,539,122$0$0$2,989,748
83$3,809,273$0$0$3,218,562
84$4,104,118$0$0$3,468,316
85$4,426,085$0$0$3,741,071
86$4,777,849$0$0$4,039,096
87$5,162,352$0$0$4,364,886
88$5,582,834$0$0$4,721,192
89$6,042,865$0$0$5,111,040
90$6,546,372$0$0$5,537,764
91$7,097,682$0$0$6,005,034
92$7,701,557$0$0$6,516,891
93$8,363,246$0$0$7,077,787
94$9,088,525$0$0$7,692,624
95$9,883,757$0$0$8,366,801
96$10,755,951$0$0$9,106,264
97$11,712,827$0$0$9,917,563
98$12,762,887$0$0$10,807,912
99$13,915,497$0$0$11,785,257
100$15,180,973$0$0$12,858,352