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%17.4%
1 years$51,777$51,316$50,866$50,427$49,998$48,495
2 years$25,632$25,155$24,692$24,244$23,809$22,307
3 years$16,918$16,439$15,977$15,533$15,105$13,652
4 years$12,562$12,084$11,628$11,191$10,773$9,379
5 years$9,949$9,474$9,023$8,596$8,190$6,859
6 years$8,208$7,736$7,292$6,874$6,480$5,214
7 years$6,965$6,497$6,060$5,651$5,270$4,069
8 years$6,033$5,569$5,139$4,741$4,372$3,235
9 years$5,308$4,849$4,426$4,038$3,682$2,607
10 years$4,729$4,274$3,859$3,481$3,137$2,123
11 years$4,255$3,805$3,397$3,029$2,698$1,744
12 years$3,860$3,415$3,015$2,657$2,338$1,441
13 years$3,527$3,086$2,694$2,346$2,039$1,197
14 years$3,241$2,805$2,420$2,082$1,787$999
15 years$2,994$2,563$2,185$1,857$1,574$836
16 years$2,778$2,351$1,981$1,663$1,391$702
17 years$2,587$2,165$1,803$1,494$1,233$591
18 years$2,418$2,001$1,646$1,346$1,096$498
19 years$2,267$1,854$1,507$1,217$977$420
20 years$2,131$1,723$1,383$1,102$873$355
21 years$2,008$1,605$1,272$1,000$781$301
22 years$1,897$1,498$1,172$909$700$255
23 years$1,795$1,401$1,082$828$629$216
24 years$1,702$1,313$1,001$755$565$183
25 years$1,617$1,232$927$690$508$156
26 years$1,538$1,158$860$631$458$132
27 years$1,465$1,090$798$577$413$112
28 years$1,397$1,027$742$529$373$96
29 years$1,335$969$691$485$336$81
30 years$1,276$915$643$445$304$69
31 years$1,222$865$600$409$275$59
32 years$1,171$818$560$376$249$50
33 years$1,123$775$523$346$225$43
34 years$1,078$735$488$318$204$36
35 years$1,036$697$456$293$184$31
36 years$996$661$427$270$167$26
37 years$958$628$400$248$151$22
38 years$923$597$374$229$137$19
39 years$889$568$351$211$125$16
40 years$857$540$329$195$113$14
41 years$827$514$308$180$102$12
42 years$798$490$289$166$93$10
43 years$771$466$271$153$84$9
44 years$745$445$255$141$77$7
45 years$720$424$239$130$70$6
46 years$697$404$225$121$63$5
47 years$674$386$211$111$57$4
48 years$652$368$198$103$52$4
49 years$632$352$186$95$47$3
50 years$612$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 $627,000, adding $4,706 every year, while hoping to spend $41,862 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: 63/13/24 Blend
53$627,000$627,000$627,000$627,000
54$695,808$662,577$652,859$734,981
55$722,240$650,503$630,189$749,947
56$749,964$636,433$605,356$761,228
57$779,070$620,228$578,244$772,613
58$809,651$601,735$548,732$784,120
59$841,811$580,796$516,690$795,766
60$875,664$557,243$481,987$807,574
61$911,331$530,897$444,483$819,570
62$948,947$501,571$404,033$831,785
63$988,655$469,064$360,485$844,256
64$1,030,616$433,166$313,679$857,024
65$1,075,003$393,655$263,451$870,139
66$1,122,003$350,294$209,626$883,656
67$1,171,824$302,835$152,025$897,641
68$1,224,691$251,015$90,459$912,167
69$1,280,851$194,556$24,731$927,319
70$1,340,573$133,165$0$943,193
71$1,404,153$66,531$0$971,529
72$1,471,913$0$0$1,008,336
73$1,544,208$0$0$1,048,283
74$1,621,425$0$0$1,101,142
75$1,703,989$0$0$1,157,690
76$1,792,366$0$0$1,218,248
77$1,887,065$0$0$1,283,172
78$1,988,649$0$0$1,352,848
79$2,097,730$0$0$1,427,704
80$2,214,985$0$0$1,508,206
81$2,341,153$0$0$1,594,868
82$2,477,048$0$0$1,688,254
83$2,623,562$0$0$1,788,982
84$2,781,678$0$0$1,897,733
85$2,952,472$0$0$2,015,254
86$3,137,130$0$0$2,142,367
87$3,336,953$0$0$2,279,974
88$3,553,373$0$0$2,429,069
89$3,787,964$0$0$2,590,742
90$4,042,456$0$0$2,766,194
91$4,318,751$0$0$2,956,745
92$4,618,944$0$0$3,163,846
93$4,945,336$0$0$3,389,096
94$5,300,460$0$0$3,634,251
95$5,687,105$0$0$3,901,245
96$6,108,336$0$0$4,192,205
97$6,567,529$0$0$4,509,475
98$7,068,398$0$0$4,855,630
99$7,615,031$0$0$5,233,508
100$8,211,929$0$0$5,646,231