Can I retire at age 54 with 625,000?

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 $625,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$51,612$51,152$50,704$50,266$49,838$49,380
2 years$25,550$25,075$24,613$24,166$23,733$23,270
3 years$16,864$16,387$15,927$15,484$15,057$14,606
4 years$12,522$12,046$11,590$11,155$10,739$10,302
5 years$9,918$9,444$8,995$8,568$8,163$7,742
6 years$8,182$7,712$7,269$6,852$6,459$6,054
7 years$6,942$6,476$6,041$5,633$5,253$4,864
8 years$6,013$5,551$5,123$4,726$4,358$3,986
9 years$5,291$4,834$4,412$4,025$3,670$3,314
10 years$4,714$4,261$3,847$3,470$3,127$2,787
11 years$4,241$3,793$3,387$3,020$2,689$2,365
12 years$3,848$3,404$3,006$2,649$2,331$2,021
13 years$3,516$3,076$2,685$2,338$2,032$1,738
14 years$3,231$2,796$2,413$2,076$1,782$1,502
15 years$2,984$2,555$2,178$1,851$1,569$1,303
16 years$2,769$2,344$1,975$1,658$1,386$1,135
17 years$2,579$2,159$1,797$1,489$1,229$991
18 years$2,410$1,995$1,641$1,342$1,093$868
19 years$2,260$1,849$1,502$1,213$974$762
20 years$2,124$1,718$1,378$1,098$870$670
21 years$2,002$1,600$1,268$997$779$590
22 years$1,891$1,494$1,168$906$698$520
23 years$1,789$1,397$1,079$825$627$459
24 years$1,697$1,309$998$753$563$406
25 years$1,611$1,228$924$688$507$359
26 years$1,533$1,154$857$629$456$318
27 years$1,460$1,086$796$575$412$282
28 years$1,393$1,024$740$527$371$250
29 years$1,330$966$689$483$335$222
30 years$1,272$912$641$444$303$197
31 years$1,218$862$598$408$274$175
32 years$1,167$816$558$375$248$155
33 years$1,119$773$521$344$224$138
34 years$1,074$732$487$317$203$123
35 years$1,032$695$455$292$184$109
36 years$993$659$426$269$167$97
37 years$955$626$398$248$151$86
38 years$920$595$373$228$137$77
39 years$886$566$350$210$124$68
40 years$854$538$328$194$113$61
41 years$824$512$307$179$102$54
42 years$796$488$288$165$93$48
43 years$768$465$270$153$84$43
44 years$743$443$254$141$76$38
45 years$718$423$238$130$69$34
46 years$694$403$224$120$63$30
47 years$672$385$210$111$57$27
48 years$650$367$198$103$52$24
49 years$630$351$186$95$47$21
50 years$610$335$175$88$43$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $625,000, adding $4,541 every year, while hoping to spend $47,403 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: 58/13/29 Blend
53$625,000$625,000$625,000$625,000
54$693,434$660,309$650,622$727,910
55$713,728$642,228$621,981$733,979
56$734,503$621,672$590,792$735,226
57$755,758$598,470$556,920$735,619
58$777,491$572,440$520,222$735,089
59$799,697$543,392$480,552$733,562
60$822,370$511,121$437,753$730,960
61$845,500$475,415$391,666$727,201
62$869,075$436,044$342,121$722,196
63$893,081$392,771$288,943$715,848
64$917,500$345,341$231,947$708,058
65$942,309$293,487$170,941$698,718
66$967,482$236,925$105,725$687,711
67$992,988$175,357$36,090$674,915
68$1,018,791$108,468$0$660,198
69$1,044,847$35,923$0$655,246
70$1,071,109$0$0$660,769
71$1,097,520$0$0$671,598
72$1,124,016$0$0$687,591
73$1,150,522$0$0$703,562
74$1,176,955$0$0$719,455
75$1,203,220$0$0$735,209
76$1,229,210$0$0$750,755
77$1,254,804$0$0$766,014
78$1,279,866$0$0$780,898
79$1,304,241$0$0$795,308
80$1,327,758$0$0$809,132
81$1,350,225$0$0$822,247
82$1,371,424$0$0$834,513
83$1,391,115$0$0$845,774
84$1,409,029$0$0$855,858
85$1,424,864$0$0$864,570
86$1,438,286$0$0$871,695
87$1,448,923$0$0$876,994
88$1,456,357$0$0$880,199
89$1,460,129$0$0$881,015
90$1,459,725$0$0$879,111
91$1,454,576$0$0$874,123
92$1,444,050$0$0$865,644
93$1,427,444$0$0$853,224
94$1,403,982$0$0$836,365
95$1,372,801$0$0$814,514
96$1,332,947$0$0$787,059
97$1,283,362$0$0$753,321
98$1,222,874$0$0$712,550
99$1,150,187$0$0$663,917
100$1,063,868$0$0$606,501