Can I retire at age 54 with 626,000?

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 $626,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$51,694$51,234$50,785$50,346$49,918$48,456
2 years$25,591$25,115$24,653$24,205$23,771$22,309
3 years$16,891$16,413$15,952$15,508$15,081$13,667
4 years$12,542$12,065$11,609$11,173$10,756$9,399
5 years$9,934$9,459$9,009$8,582$8,176$6,881
6 years$8,195$7,724$7,281$6,863$6,470$5,237
7 years$6,954$6,487$6,050$5,642$5,262$4,091
8 years$6,023$5,560$5,131$4,733$4,365$3,256
9 years$5,299$4,841$4,419$4,032$3,676$2,627
10 years$4,721$4,267$3,853$3,475$3,132$2,143
11 years$4,248$3,799$3,392$3,025$2,694$1,762
12 years$3,854$3,410$3,010$2,653$2,334$1,458
13 years$3,521$3,081$2,690$2,342$2,036$1,213
14 years$3,236$2,801$2,417$2,079$1,784$1,013
15 years$2,989$2,559$2,182$1,854$1,571$849
16 years$2,773$2,348$1,978$1,660$1,389$714
17 years$2,583$2,162$1,800$1,492$1,231$602
18 years$2,414$1,998$1,643$1,344$1,095$508
19 years$2,263$1,852$1,504$1,215$976$430
20 years$2,128$1,721$1,381$1,100$872$364
21 years$2,005$1,603$1,270$998$780$308
22 years$1,894$1,496$1,170$908$699$262
23 years$1,792$1,399$1,081$827$628$222
24 years$1,699$1,311$999$754$564$189
25 years$1,614$1,230$926$689$508$161
26 years$1,535$1,156$858$630$457$137
27 years$1,463$1,088$797$576$412$116
28 years$1,395$1,025$741$528$372$99
29 years$1,333$967$690$484$336$84
30 years$1,274$914$642$444$303$72
31 years$1,220$864$599$408$274$61
32 years$1,169$817$559$375$248$52
33 years$1,121$774$522$345$225$45
34 years$1,076$733$487$317$203$38
35 years$1,034$696$456$292$184$32
36 years$994$660$426$269$167$28
37 years$957$627$399$248$151$24
38 years$921$596$374$229$137$20
39 years$888$567$350$211$124$17
40 years$856$539$328$194$113$15
41 years$826$513$308$179$102$12
42 years$797$489$289$165$93$11
43 years$770$466$271$153$84$9
44 years$744$444$254$141$76$8
45 years$719$423$239$130$69$7
46 years$695$404$224$120$63$6
47 years$673$385$211$111$57$5
48 years$651$368$198$103$52$4
49 years$631$351$186$95$47$3
50 years$611$336$175$88$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $626,000, adding $6,747 every year, while hoping to spend $47,113 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: 81/11/8 Blend
53$626,000$626,000$626,000$626,000
54$696,812$663,634$653,931$752,000
55$717,758$646,024$625,709$771,510
56$739,263$625,972$594,964$785,993
57$761,332$603,309$561,559$800,463
58$783,972$577,855$525,356$814,894
59$807,189$549,422$486,207$829,257
60$830,986$517,807$443,958$843,519
61$855,366$482,799$398,451$857,647
62$880,331$444,174$349,516$871,601
63$905,881$401,695$296,981$885,339
64$932,013$355,110$240,662$898,817
65$958,723$304,155$180,369$911,984
66$986,004$248,550$115,903$924,785
67$1,013,847$188,000$47,057$937,160
68$1,042,239$122,191$0$949,045
69$1,071,164$50,795$0$962,624
70$1,100,602$0$0$979,996
71$1,130,528$0$0$1,000,290
72$1,160,913$0$0$1,027,134
73$1,191,721$0$0$1,054,347
74$1,222,913$0$0$1,081,893
75$1,254,440$0$0$1,109,729
76$1,286,246$0$0$1,137,805
77$1,318,268$0$0$1,166,063
78$1,350,433$0$0$1,194,438
79$1,382,655$0$0$1,222,855
80$1,414,841$0$0$1,251,227
81$1,446,881$0$0$1,279,459
82$1,478,652$0$0$1,307,438
83$1,510,016$0$0$1,335,043
84$1,540,816$0$0$1,362,131
85$1,570,876$0$0$1,388,547
86$1,599,998$0$0$1,414,112
87$1,627,961$0$0$1,438,629
88$1,654,517$0$0$1,461,875
89$1,679,386$0$0$1,483,603
90$1,702,260$0$0$1,503,534
91$1,722,792$0$0$1,521,359
92$1,740,596$0$0$1,536,733
93$1,755,241$0$0$1,549,271
94$1,766,248$0$0$1,558,546
95$1,773,085$0$0$1,564,080
96$1,775,161$0$0$1,565,347
97$1,771,816$0$0$1,561,756
98$1,762,321$0$0$1,552,657
99$1,745,866$0$0$1,537,326
100$1,721,552$0$0$1,514,959