Can I retire at age 54 with 627,000?

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 $627,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$51,777$51,316$50,866$50,427$49,998$47,995
2 years$25,632$25,155$24,692$24,244$23,809$21,816
3 years$16,918$16,439$15,977$15,533$15,105$13,185
4 years$12,562$12,084$11,628$11,191$10,773$8,941
5 years$9,949$9,474$9,023$8,596$8,190$6,450
6 years$8,208$7,736$7,292$6,874$6,480$4,833
7 years$6,965$6,497$6,060$5,651$5,270$3,716
8 years$6,033$5,569$5,139$4,741$4,372$2,909
9 years$5,308$4,849$4,426$4,038$3,682$2,308
10 years$4,729$4,274$3,859$3,481$3,137$1,849
11 years$4,255$3,805$3,397$3,029$2,698$1,493
12 years$3,860$3,415$3,015$2,657$2,338$1,213
13 years$3,527$3,086$2,694$2,346$2,039$990
14 years$3,241$2,805$2,420$2,082$1,787$811
15 years$2,994$2,563$2,185$1,857$1,574$666
16 years$2,778$2,351$1,981$1,663$1,391$549
17 years$2,587$2,165$1,803$1,494$1,233$453
18 years$2,418$2,001$1,646$1,346$1,096$375
19 years$2,267$1,854$1,507$1,217$977$310
20 years$2,131$1,723$1,383$1,102$873$257
21 years$2,008$1,605$1,272$1,000$781$213
22 years$1,897$1,498$1,172$909$700$177
23 years$1,795$1,401$1,082$828$629$147
24 years$1,702$1,313$1,001$755$565$122
25 years$1,617$1,232$927$690$508$102
26 years$1,538$1,158$860$631$458$85
27 years$1,465$1,090$798$577$413$70
28 years$1,397$1,027$742$529$373$59
29 years$1,335$969$691$485$336$49
30 years$1,276$915$643$445$304$41
31 years$1,222$865$600$409$275$34
32 years$1,171$818$560$376$249$28
33 years$1,123$775$523$346$225$23
34 years$1,078$735$488$318$204$20
35 years$1,036$697$456$293$184$16
36 years$996$661$427$270$167$14
37 years$958$628$400$248$151$11
38 years$923$597$374$229$137$9
39 years$889$568$351$211$125$8
40 years$857$540$329$195$113$7
41 years$827$514$308$180$102$5
42 years$798$490$289$166$93$5
43 years$771$466$271$153$84$4
44 years$745$445$255$141$77$3
45 years$720$424$239$130$70$3
46 years$697$404$225$121$63$2
47 years$674$386$211$111$57$2
48 years$652$368$198$103$52$2
49 years$632$352$186$95$47$1
50 years$612$336$175$88$43$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $627,000, adding $6,966 every year, while hoping to spend $34,721 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: 46/39/15 Blend
53$627,000$627,000$627,000$627,000
54$698,139$664,908$655,190$726,982
55$732,407$660,546$640,196$743,379
56$769,006$654,806$623,536$757,083
57$808,137$647,585$605,117$771,196
58$850,022$638,771$584,844$785,767
59$894,902$628,249$562,614$800,858
60$943,043$615,893$538,322$816,534
61$994,734$601,574$511,857$832,873
62$1,050,297$585,150$483,104$849,962
63$1,110,081$566,477$451,942$867,900
64$1,174,472$545,397$418,244$886,799
65$1,243,892$521,745$381,879$906,785
66$1,318,806$495,348$342,710$928,002
67$1,399,725$466,020$300,591$950,610
68$1,487,209$433,567$255,373$974,790
69$1,581,875$397,782$206,898$1,000,747
70$1,684,400$358,448$155,003$1,028,710
71$1,795,530$315,333$99,517$1,058,935
72$1,916,083$268,194$40,260$1,091,710
73$2,046,962$216,773$0$1,127,359
74$2,189,156$160,799$0$1,169,920
75$2,343,757$99,985$0$1,223,234
76$2,511,963$34,027$0$1,281,335
77$2,695,094$0$0$1,344,761
78$2,894,602$0$0$1,430,157
79$3,112,085$0$0$1,539,233
80$3,349,301$0$0$1,658,275
81$3,608,187$0$0$1,788,263
82$3,890,873$0$0$1,930,277
83$4,199,704$0$0$2,085,504
84$4,537,263$0$0$2,255,252
85$4,906,392$0$0$2,440,961
86$5,310,222$0$0$2,644,215
87$5,752,199$0$0$2,866,761
88$6,236,117$0$0$3,110,521
89$6,766,158$0$0$3,377,613
90$7,346,922$0$0$3,670,367
91$7,983,478$0$0$3,991,351
92$8,681,409$0$0$4,343,394
93$9,446,863$0$0$4,729,610
94$10,286,612$0$0$5,153,431
95$11,208,114$0$0$5,618,635
96$12,219,586$0$0$6,129,387
97$13,330,078$0$0$6,690,271
98$14,549,559$0$0$7,306,339
99$15,889,012$0$0$7,983,157
100$17,360,533$0$0$8,726,855