Can I retire at age 54 with 626,000?

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 $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%18.6%
1 years$51,694$51,234$50,785$50,346$49,918$48,185
2 years$25,591$25,115$24,653$24,205$23,771$22,043
3 years$16,891$16,413$15,952$15,508$15,081$13,412
4 years$12,542$12,065$11,609$11,173$10,756$9,159
5 years$9,934$9,459$9,009$8,582$8,176$6,656
6 years$8,195$7,724$7,281$6,863$6,470$5,027
7 years$6,954$6,487$6,050$5,642$5,262$3,896
8 years$6,023$5,560$5,131$4,733$4,365$3,075
9 years$5,299$4,841$4,419$4,032$3,676$2,460
10 years$4,721$4,267$3,853$3,475$3,132$1,989
11 years$4,248$3,799$3,392$3,025$2,694$1,621
12 years$3,854$3,410$3,010$2,653$2,334$1,329
13 years$3,521$3,081$2,690$2,342$2,036$1,095
14 years$3,236$2,801$2,417$2,079$1,784$906
15 years$2,989$2,559$2,182$1,854$1,571$752
16 years$2,773$2,348$1,978$1,660$1,389$626
17 years$2,583$2,162$1,800$1,492$1,231$522
18 years$2,414$1,998$1,643$1,344$1,095$436
19 years$2,263$1,852$1,504$1,215$976$365
20 years$2,128$1,721$1,381$1,100$872$306
21 years$2,005$1,603$1,270$998$780$256
22 years$1,894$1,496$1,170$908$699$215
23 years$1,792$1,399$1,081$827$628$181
24 years$1,699$1,311$999$754$564$152
25 years$1,614$1,230$926$689$508$128
26 years$1,535$1,156$858$630$457$107
27 years$1,463$1,088$797$576$412$90
28 years$1,395$1,025$741$528$372$76
29 years$1,333$967$690$484$336$64
30 years$1,274$914$642$444$303$54
31 years$1,220$864$599$408$274$45
32 years$1,169$817$559$375$248$38
33 years$1,121$774$522$345$225$32
34 years$1,076$733$487$317$203$27
35 years$1,034$696$456$292$184$23
36 years$994$660$426$269$167$19
37 years$957$627$399$248$151$16
38 years$921$596$374$229$137$14
39 years$888$567$350$211$124$12
40 years$856$539$328$194$113$10
41 years$826$513$308$179$102$8
42 years$797$489$289$165$93$7
43 years$770$466$271$153$84$6
44 years$744$444$254$141$76$5
45 years$719$423$239$130$69$4
46 years$695$404$224$120$63$4
47 years$673$385$211$111$57$3
48 years$651$368$198$103$52$2
49 years$631$351$186$95$47$2
50 years$611$336$175$88$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $626,000, adding $2,308 every year, while hoping to spend $33,737 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: 55/21/24 Blend
53$626,000$626,000$626,000$626,000
54$692,233$659,055$649,352$725,633
55$726,945$655,452$635,209$745,220
56$764,066$650,543$619,462$762,816
57$803,808$644,227$602,021$781,273
58$846,400$636,398$582,793$800,683
59$892,096$626,944$561,679$821,153
60$941,173$615,747$538,578$842,797
61$993,935$602,682$513,383$865,747
62$1,050,717$587,613$485,982$890,148
63$1,111,886$570,402$456,258$916,162
64$1,177,845$550,898$424,089$943,972
65$1,249,037$528,944$389,348$973,779
66$1,325,948$504,372$351,901$1,005,809
67$1,409,114$477,006$311,609$1,040,312
68$1,499,123$446,658$268,327$1,077,567
69$1,596,620$413,131$221,903$1,117,885
70$1,702,317$376,216$172,178$1,161,612
71$1,816,994$335,691$118,986$1,209,131
72$1,941,510$291,323$62,156$1,260,869
73$2,076,812$242,866$1,506$1,317,299
74$2,223,939$190,058$0$1,378,949
75$2,384,034$132,624$0$1,462,591
76$2,558,356$70,273$0$1,554,147
77$2,748,290$2,699$0$1,654,004
78$2,955,361$0$0$1,763,013
79$3,181,245$0$0$1,898,389
80$3,427,789$0$0$2,046,882
81$3,697,026$0$0$2,209,099
82$3,991,192$0$0$2,386,395
83$4,312,751$0$0$2,580,263
84$4,664,414$0$0$2,792,345
85$5,049,168$0$0$3,024,449
86$5,470,299$0$0$3,278,567
87$5,931,428$0$0$3,556,893
88$6,436,542$0$0$3,861,841
89$6,990,031$0$0$4,196,071
90$7,596,730$0$0$4,562,513
91$8,261,964$0$0$4,964,393
92$8,991,599$0$0$5,405,264
93$9,792,095$0$0$5,889,041
94$10,670,567$0$0$6,420,036
95$11,634,852$0$0$7,002,996
96$12,693,586$0$0$7,643,155
97$13,856,277$0$0$8,346,273
98$15,133,403$0$0$9,118,701
99$16,536,506$0$0$9,967,431
100$18,078,298$0$0$10,900,168